Transfer Case Market size is expected to reach US $ 23.89 Bn by 2029, at a CAGR of 9% during the forecast period.
Transfer Case Market Overview:
In cars with multiple powered axles, such as those with all-wheel drive (AWD) or four-wheel drive (4WD), a transfer case is a part of the drivetrain. Depending on the circumstance, the transfer case transfers engine power from the transmission unit to the front or rear axle. The transfer case, which is driven by a chain or gear, performs the power transmission operations. Depending on the performance requirements of the vehicle, it can be fitted separately from the car transmission system or connected directly to the transmission.
Transfer Case Market Dynamics:
The market for transfer cases is anticipated to grow over the course of the projected period due to a rise in the need for operationally efficient vehicle dynamics. Furthermore, the global automotive manufacturing and sales activity is a major driver of demand for transfer cases. This is because improved traction, safety, and operational efficiency are the main objectives of end users in SUVs and off-road vehicles, where transfer cases are frequently utilized. The Auto Industry Research Group estimates that 50.8% of cars in the USA had an AWD system fitted as of April 2022.
The main drivers driving the product demand include increased use of AWD and 4WD vehicles as well as improved performance, safety, towing capacity, and traction in adverse weather or surface conditions.
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Transfer Case Market Segmentation:
by Drive type
Chain driven
gear driven
by Hybrid Vehicle Type
PHEV
HEV
by Vehicle Type
Passenger Cars
LCV
HCV
by Shift Type
Manual Shift
Electronic Shift
by Four Wheel Drive Type
FWD
AWD
by Off Highway Vehicles
Construction Equipments
Tractors
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Transfer Case Market Key Players:
1. Magna
2. BorgWarner
3. ZF
4. GKN
5. Dana
6. Aisin Seiki
7. JTEKT
8. American Axle & Manufacturing
9. Schaeffler
10 Meritor
11 Powertrain Industries
12 Dorman
13 CARDONE
14 UNIVANCE
15 Hyundai Dymos
16 Linamar
17 Marman Group
Related Reports:
Cars-as-a-Service (CaaS)Market https://www.maximizemarketresearch.com/market-report/global-cars-as-a-service-caasmarket/66515/
Industrial Motor Management and Control Device Market https://www.maximizemarketresearch.com/market-report/global-industrial-motor-management-and-control-device-market/80964/
Key Questions answered in the Transfer Case Market Report are:
Key offerings:
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Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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