Automotive Four-Wheel Drive Vehicle Market Strategies, Top Players, Growth Opportunities, Analysis and Forecast by 2031

The automotive four-wheel drive vehicle market is expected to register a CAGR of 7.6% during 2023–2031. The evolution of advanced technologies and the introduction of high-end vehicles is likely to remain a key trend in the market.

Automotive Four-Wheel Drive Vehicle Market Analysis

• Governments and international organizations impose strict regulatory mandates and global safety standards that significantly drive the global automotive four-wheel drive vehicle market.
• Increasing disposable incomes in emerging markets, a growing inclination among consumers for crossovers, and technological and other advancements in vehicles have all contributed to the significant growth of the global four-wheel drive vehicle market.
• The market for four-wheel drive vehicles includes a variety of vehicle types, such as pickup trucks, SUVs, crossovers, and some passenger cars.

Automotive Four-Wheel Drive Vehicle Market Overview

• The growing passenger safety and security awareness, an increase in the number of vehicles in developing nations, and other factors are major drivers of the global automotive safety system market's growth.
• The number of accidents has increased due to the growing demand for high-speed vehicles. The need for safety feature integration in cars has grown dramatically.
• The global Automotive Four-Wheel Drive Vehicle market is anticipated to register high development during the forecast period.
• The market is expanding owing to factors like the driving demand for compact and mid-size four-wheel drive, such as SUVs and crossovers, the rising application of four-wheel drive systems in pickup trucks for improved off-road and towing capabilities, and the development of more fuel-efficient four-wheel drive vehicle market powertrains.

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Automotive Four-Wheel Drive Vehicle Market: Strategic Insights

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Automotive Four-Wheel Drive Vehicle Market Drivers and Opportunities

Increasing consumer demand for advancement in efficiency and technology to Favor the Market

• The mounting demand for advancement in efficiency and technology is a key aspect driving the automotive four-wheel vehicles market.
•  The market is substantially driving owing to increasing popularity of SUV’s and crossovers in consumers. For instance, in 2022, SUVs accounted for around ~46% of global car sales, with significant development coming in the US, India and Europe.
• An increasing number of SUVs were electric, accounting for around ~16% of total SUV sales in 2022, above the average overall market share for EVs. For the first time ever, electric SUVs last year accounted for over half of global electric car sales.

Preference for Automatic AWD system

• The manual and automatic all-wheel drive (AWD) systems work together to form the current system. The current AWD-Disconnect system serves the following purposes it determines if all-wheel drive (AWD) is necessary, it uses electronic power steering to improve angle detection, it detects the steering angle for the proper distribution of torque in the required ratio for turning wheels, and it distributes torque between the front and rear wheels independently.
•  In 2023, Honda cars announced Real Time AWD with Intelligent Control System, which adds a rear differential to a front-wheel-drive vehicle. Some models come with Honda’s i-VTM4 AWD System, which senses the torque needed by each axle and automatically sends power to the wheels that need it the most. This intuitive system makes AWD safe and enjoyable, and it’s available on Honda’s more powerful SUVs and trucks.

Automotive Four-Wheel Drive Vehicle Market Report Segmentation Analysis

Key segments that contributed to the derivation of the automotive four-wheel drive vehicle market analysis are type, system type, design, components, operating mode, and application.

• Based on the type, the automotive four-wheel drive vehicle market is divided into 4x4 wheeled drive and 4x2 wheeled drive.
• On the basis of the system type, the market is divided into automatic four-wheel drive system and manual four-wheel drive system.
• Based on design, the automotive four-wheel drive vehicle market is divided into RWD vehicles and FWD vehicles.
• Based on components, the automotive four-wheel drive vehicle market is divided into drive shafts, universal joints and transfer case.
• Based on operating mode, the automotive four-wheel drive vehicle market is divided into part-time mode, full-time mode and on-demand mode.
• On the basis of the application, the market is divided into passenger cars, light commercial vehicle and heavy commercial vehicle.

Automotive Four-Wheel Drive Vehicle Market Share Analysis by Geography

• The automotive four-wheel drive vehicle market report comprises a detailed analysis of five major geographic regions, which includes current and historical market size and forecasts for 2021 to 2031, covering North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America.
• Each region is further sub-segmented into respective countries. This report provides analysis and forecasts of 18+ countries, covering automotive four-wheel drive vehicle market dynamics such as drivers, trends, and opportunities that are impacting the markets at the regional level.
• Also, the report covers PEST analysis, which involves the study of major factors that influence the automotive four-wheel drive vehicle market in these regions.

Automotive Four-Wheel Drive Vehicle Market Regional Insights

The regional trends and factors influencing the Automotive Four-Wheel Drive Vehicle Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Automotive Four-Wheel Drive Vehicle Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Automotive Four-Wheel Drive Vehicle Market Report Scope

Automotive Four-Wheel Drive Vehicle Market Players Density: Understanding Its Impact on Business Dynamics

The Automotive Four-Wheel Drive Vehicle Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

Major Companies operating in the Automotive Four-Wheel Drive Vehicle Market are:

1. ZF Friedrichshafen AG
2. Continental AG
3. Magna International Inc.
4. Borgwarner Inc.
5. Jtekt Corporation
6. American Axle Manufacturing

Disclaimer: The companies listed above are not ranked in any particular order.

Automotive Four-Wheel Drive Vehicle Market News and Recent Developments

The automotive four-wheel drive vehicle market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the automotive four-wheel drive vehicle market are listed below:

• X-PRESS PHOENIX, BorgWarner’s iDM146 integrated drive module (iDM) has been selected by Hyundai Motor Company (HMC) to power an additional A-Segment electric vehicle platform, scheduled to start production in the third quarter of 2024. This new business was awarded based on BorgWarner’s advanced iDM technology, its prior iDM win with HMC on another A-segment electric vehicle, and the longstanding relationship between the two companies. (Source: BorgWarner Inc., Company Website, August 2022)

Automotive Four-Wheel Drive Vehicle Market Report Coverage and Deliverables

The “Automotive Four-Wheel Drive Vehicle Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

• Automotive four-wheel drive vehicle market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
• Automotive four-wheel drive vehicle market trends as well as market dynamics such as drivers, restraints, and key opportunities
• Detailed PEST/Porter’s Five Forces and SWOT analysis
• Automotive four-wheel drive vehicle market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
• Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments in the automotive four-wheel drive vehicle market
• Detailed company profiles