Transfer Case Market worth 20.33 Billion USD by 2025

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MarketsandMarkets Presents

Transfer Case Market worth 20.33 Billion USD by
2025
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utomotive-transfer-case-market-113155645.html
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The report "Transfer Case Market by Drive Type
(Chain, Gear Driven), Shift Type (Electronic,
Manual), Type (AWD, 4WD), Off-Highway
(Construction Equipment, Farm Tractor), Ice
Hybrid Vehicle (Passenger Car, LCV, HCV, HEV,
PHEV), and Region - Global Forecast to 2025", is
estimated to be USD 9.79 Billion in 2017 and is
projected to reach USD 20.33 Billion by 2025, at
a CAGR of 9.56 during the forecast period. The
market is primarily driven by the increased sales
of SUVs and premium sedans across the globe.
These vehicles are equipped with AWD systems and
offer benefits such as better traction in extreme
weather or surface conditions, skid resistance,
and better manoeuvrability. Get The PDF Brochure
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m/pdfdownloadNew.asp?id113155645 Browse 91
market data Tables and 56 Figures spread through
147 Pages and in-depth TOC on "Transfer Case
Market
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utomotive-transfer-case-market-113155645.html
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AWD system to be the fastest growing segment of
the transfer case market The all-wheel drive
(AWD) market is estimated to be the largest
market for transfer case during the forecast
period. Asia Pacific is estimated to witness the
fastest growth for the AWD and 4WD markets. With
the majority of SUVs and premium sedans offering
AWD, the transfer case market for AWD is
estimated to be larger as compared to 4WD.. A
modern smart AWD offers several advantages over
4WD such as an automotive shift from 2WD to 4WD
or vice versa as per the road requirement. Constr
uction equipment transfer case market is
estimated to be the largest market in the
off-highway segment The report classifies the
off-highway transfer case market into
construction equipment and farm tractors. The
transfer case market for construction equipment
is estimated to be the largest in the off-highway
segment. Construction equipment with AWD or 4WD
have better traction. Some of the different types
of construction equipment which offer AWD or 4WD
are backhoe loaders, articulated haulers, and
wheel loaders.  Request Sample of the
report https//www.marketsandmarkets.com/requests
ampleNew.asp?id113155645
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Asia Pacific is estimated to be the largest
market for transfer case owing to its huge
vehicle production and increasing demand for
high-performance SUVs  Asia Pacific is estimated
to be the largest market for transfer case. The
market growth in the region can be attributed to
the huge vehicle production and increasing demand
for high-performance SUVs. Leading OEMs that are
launching vehicles equipped with 4WD/AWD in the
Asia Pacific region are Toyota, Subaru, and
Mitsubishi. Subaru Forester, Mitsubishi
Outlander, and Toyota RAV4 are some of the
topselling SUVs in the Asia Pacifc region. OEMs
such as Subaru and Mitsubishi have also offered
AWD in their sedan models such as Impreza and
Lancer. The transfer case market is dominated by
a few global players. Some of the key
manufacturers operating in the market are
BorgWarner (US), Magna (Canada), GKN (UK), ZF
(Germany), Aisin Seiki (Japan), Dana (US),
American Axle Manufacturing (US), JTEKT
(Japan), Schaeffler (Germany), and Meritor (US)
to name a few. Speak to Analyst _at_
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