All Wheel Drive Industry Analysis, Size, Share And Growth Forecast, 2024 to 2033

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All Wheel Drive Global Market Report 2024
Global Forecast 2024 2033 Market Size, Drivers,
And Trends
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All Wheel Drive Market Segments
The Business Research Company segments the all
wheel drive market report as
Automatic All-Wheel Drive (AWD), Manual All-Wheel
Drive (AWD)
By Type
Differential, Transfer Case, Propeller Shaft,
Power Transfer Unit, Final Drive Unit
By Component
Battery Electric Vehicles (BEV), Plug-In Hybrid
Electric Vehicle (PHEV)
By Application
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Market Statistics
The global All Wheel Drive market size grew
from 36.51 billion in 2023 to 39.57 billion in
2024 at a compound annual growth rate (CAGR) of
8.4.The All Wheel Drive market size is expected
to grow to 52.55 billion in 2028 at a compound
annual growth rate (CAGR) of 7.3.
52.55 B
39.57 B
36.51 B
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Key Market Drivers And Trends
Drivers
An increase in demand for electric vehicles is
expected to propel the growth of the all-wheel
drive market going forward.
Trends
Major companies operating in the all-wheel-drive
market are focused on developing advanced systems
such as intelligent all-wheel drive (AWD) systems
appealing to performance-oriented consumers to
gain a competitive edge in the market.
Region
North America was the largest region in the All
Wheel Drive market in 2023. The regions covered
in the All Wheel Drive market analysis report are
Asia-Pacific, Western Europe, Eastern Europe,
North America, South America, Middle East and
Africa.
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Top Eleven Players In The Market

• Major players in the market are
• Volkswagen AG
• Toyota Motor Corporation
• Daimler AG
• Ford Motor Company
• General Motors Company
• Honda Motor Company Ltd.

• Tesla Inc.
• Nissan Motor Co. Ltd.
• Kia Corporation
• AB Volvo
• Renault Group
• ZF Friedrichshafen AG

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