Global Automotive Transfer Case Market 2018-2022
About Automotive Transfer Case
A transfer case is an essential part of a drivetrain in an AWD, 4WD, and other multiple powered axle wheels. It is used to transfer synchronize the rotation of the front and rear wheels.
Technavio’s analysts forecast the global automotive transfer case market to grow at a CAGR of 5.88% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global automotive transfer case market for 2018-2022. To calculate the market size, the report considers the revenue generated from automotive transfer case.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Automotive Transfer Case Market 2018-2022
Technavio recognizes the following companies as the key players in the global automotive transfer case market: AISIN SEIKI, American Axle & Manufacturing, BorgWarner, Magna International, ZF Friedrichshafen
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Electrification of drivetrain. OEMs are replacing heavy mechanical parts with electronic components to increase fuel economy, limit emissions, and reduce maintenance. The US Department of Transportation (DoT) has imposed strict regulations, such as Corporate Average Fuel Economy (CAFE) standards, on automotive OEMs to increase the fuel economy of commercial and personal vehicles. The average 4WD and AWD vehicles are estimated to reduce almost 1mpg of EPA fuel economy rating due to their respective amounts of fuel consumption. OEMs are under pressure to increase their vehicle’s fuel efficiency and maintain the strict fuel consumption standards.”
According to the report, one of the major drivers for this market is Increasing demand for 6x2 axle configuration. In recent times, 6x2 axles have gained popularity in the commercial vehicle segment. The 6x2 axles configuration involves six wheels and three axles. Trucks having 6x2 axle configuration is expected to consume 3% less fuel. New generation 6x2 axle trucks can carry the same amount of load as much as their 6x4 counterparts. Moreover, advanced electronic controls like automatic traction control and load transferring mechanisms improve the traction provided by 6x2 axles trucks matching the traction offered by their 6x4 counterparts.
Further, the report states that one of the major factors hindering the growth of this market is AWD technology with transfer case increases the overall vehicle cost. The automotive AWD system uses advanced materials, parts, and components. In general, a vehicle equipped with AWD or 4WD has poor fuel efficiency than its twowheel drive (2WD) counterpart. In an AWD, the power is transmitted to each of the vehicle's wheels requiring more energy. Even the 2WD system is lesser complex than the AWD or 4WD system, and thus their simpler drivetrains lead to increased fuel efficiency.
AISIN SEIKI, American Axle & Manufacturing, BorgWarner, Magna International, ZF Friedrichshafen
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