To prepare the winning Transfer Case Market research report, an array of objectives of market research has been considered. This market report gives a methodical estimation of the key challenges in terms of sales, export/import, or revenue that any business may have to deal with in the coming years. It also helps to discover the probable market for a new product to be launched and the most apt method for the distribution of certain product. The top notch Transfer Case Market report also highlights general market conditions, estimates market share and possible sales volume of Transfer Case Market industry.
The market analysis carried out in the large scale Transfer Case Market report provides an estimation of the expected rise, growth or fall of the product in the definite forecast period with respect to Transfer Case Market industry. Market shares of the major industry players in the key areas of the globe such as Europe, North America, Asia Pacific, South America, Middle East and Africa are also conducted. A team containing domain experts analyses and estimates this market data using well established market statistical and coherent models. While preparing Transfer Case Market report, research and analysis has been performed with one step or the combination of several steps depending upon the business and client requirements.
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OEMs are constantly releasing vehicles that incorporate intelligent-AWD technology. This technology uses sensors to track and adjust the functions of the vehicle based on the type of road. Vehicles with intelligent-AWD technology require a vehicle transfer case for synchronisation. As a result, the increasing number of AWD vehicle sales is expected to create significant growth opportunities for the vehicle transfer case market.
Data Bridge Market Research analyses that the transfer case market was valued at USD 12.03 billion in 2021 and is expected to reach the value of USD 25.79 billion by 2029, at a CAGR of 10.00% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Market Definition
A transfer case is a drivetrain component found in all-wheel-drive (AWD), four-wheel-drive (4WD), and other vehicles with multiple powered axles. The transfer case sends engine power from the transmission unit to the front or rear axle, depending on the situation. The power transmission operations are carried out by the transfer case via chain or gear driven. It is fitted directly to the transmission or fixed separately from the vehicle transmission system depending on the vehicle's performance requirements.
Drivers
- high penetration of SUVs and crossover vehicles in the market
Changing consumer preferences for high clearance vehicles are fuelling demand for all-wheel drive, and four-wheel-drive vehicles such as SUVs and crossovers are key factors driving demand for automotive transfer cases, thereby driving market growth. All-wheel and four-wheel impulse applications have become necessary in commercial vehicles because they aid in off-road driving and improve vehicle stability. The use of electronics and software to assist the shifting mechanism from low to high velocity has increased the function of the automotive transfer case, resulting in its use in passenger vehicles. This, in turn, is expected to drive the global growth of the transfer case market.
- Incorporation of electronic components and software to replace complex mechanical parts
The electrification of the drivetrain will be one of the most important automotive transfer case market trends during the forecast period. OEMs frequently replace complex mechanical parts with electric components to improve fuel economy, limit emissions, and reduce maintenance. The US Department of Transportation has imposed stringent regulations on automotive OEMs, such as the Corporate Average Fuel Economy (CAFÉ) standards, to improve the fuel economy of commercial and personal vehicles. These regulations are increasing drivetrain electrification, expected to drivetrain demand for transfer cases.
Opportunity
The rising demand for lightweight transfer cases, rising automotive production, and rising sales of HEVs and PHEVs are expected to provide lucrative opportunities for the transfer case market during the forecast period.
Global Transfer Case Market Scope
The transfer case market is segmented on the basis of type, drive type, and shift type, casing material, vehicle type, off-highway vehicles and distribution channel. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- All-Wheel Drive (AWD)
- Four-Wheel Drive (4WD)
Drive type
- Gear driven
- Chain driven
Shift type
- Manual Shift on the Fly (MOSF)
- Electronic Shift on the Fly (ESOF)
Casing Material
- Cast Iron
- Cast Aluminium
Vehicle type
- Passenger Vehicle
- Light Commercial Vehicle
- Heavy Commercial Vehicle
- Off-Road Vehicles
- Buses and Trucks
Off-highway vehicle
- Farm Tractors
- Construction Equipment
Distribution channel
- OEM (Original Equipment Manufacturers)
- Aftermarket
Some of the major players operating in the transfer case market are:
- Magna International Inc. (Canada)
- GKN plc (U.K.)
- BorgWarner Inc. (U.S.)
- American Axle Manufacturing Inc. (U.S.)
- AISIN CORPORATION (Japan)
- Meritor Inc., (U.S.)
- Marmon Holdings, Inc. (U.S.)
- Schaeffler India Limited (India)
- Dana Limited (U.S.)
- ZF Friedrichshafen AG (Germany)
- JTEKT CORPORATION (Japan)
- Hyundai Dymos Inc. (South Korea)
- Fabco Automotive Corporation (U.S.)
- UNIVANCE CORPORATION (Japan)
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Key Coverage in the Transfer Case Market Report:
- Detailed analysis of Global Transfer Case Market by a thorough assessment of the technology, product type, application, and other key segments of the report
- Qualitative and quantitative analysis of the market along with CAGR calculation for the forecast period
- Investigative study of the market dynamics including drivers, opportunities, restraints, and limitations that can influence the market growth
- Comprehensive analysis of the regions of the Global Transfer Case Marketand their futuristic growth outlook
- Competitive landscape benchmarking with key coverage of company profiles, product portfolio, and business expansion strategies
Why choose Data Bridge Market Research?
- Modern technologies, such as artificial intelligence, to provide updated industry growth.
- DBMR team provides clients with the top notch Transfer Case Market research report.
- Interaction with research scientists and development heads to understand the nature of the Transfer Case Market more precisely.
- 24/7 availability of services.
- Data collection from implementation vendors, service providers, and raw material suppliers to provide a clear perspective with Forecast period.
DBMR team uses very fair means to gather information that is scrutinized at every stage while structuring an influential Transfer Case Market size
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