Automotive Multi-Wheel Drive (AWD) Systems Market to grow at 8% CAGR from 2016 to 2024

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AWD System Market Industry Trends, Statistics,
Analysis by 2024 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights from AWD System Market

• Rise in demand for powerful commercial heavy duty
  vehicles such as trucks and lorries as well as
  for SUVs and vehicles with high torque driving
  experience will accelerate AWD systems market
  growth.
• Earlier, these systems were available only in
  high-end cars but the introduction in small
  passenger cars and hybrid electric vehicles has
  led to an increase in global demand.
• AWD requires different components for the drive
  train which are expensive, thus making this
  technology costly and available in high end
  segments. High cost of ownership and lack of
  awareness may hamper the industry growth.

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Continued...

• Automatic MWD includes a power transfer unit,
  propeller shaft used for transmitting torque and
  rotation, AWD couplings, Final Drive Unit (FDU)
  and Disconnect. The AWD Disconnect is used to
  disconnect the Multi-Wheel Drive System in the
  vehicle under normal driving conditions.
• Full AWD is a permanently engaged alternative in
  which all the wheels of the vehicle are powered
  at all times. It consists of a center
  differential which lets each wheel travel
  different distances while turning.
• Torque is transferred to the other axle and both
  rear and front axles run at same speeds until the
  speed difference between all wheels is eliminated
  and the vehicle runs back in 2WD mode.

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360 Analysis

• Product Analysis
• In unfavorable terrains or for off-road driving
  like sand, snow or climbing slippery hills where
  wheel slips may occur, the 4WD helps to evenly
  distribute the power to front and rear axles thus
  controlling power in all wheels and keeping a
  straight traction.
• Regional Analysis
• Europe and U.S. AWD systems market have the
  highest share due to high penetration of SUVs
  and mini sports vehicles. Emerging economies like
  India, China, Japan, are seeing an increase in
  purchasing power of consumers which has led to an
  increased demand for luxury and high end vehicles
  with multi-wheel drive systems in APAC.
• Competitive Market Share
• Some of the strategies used by players in the AWD
  systems market are mergers and acquisitions, new
  technological advancements and partnerships. For
  instance, Mitsubishi launched its electronically
  controlled 4WD which has 3 modes eco, auto, and
  lock.

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