The all-wheel drive market is expected to grow at a CAGR of 7.46% by 2020. In order to improve the traction and control of the vehicle, power in the all-wheel drive systems is transmitted to all the wheels. The system dispenses the torque equally to all the wheels, especially when turning, giving the automobile more grip and traction.
The all-wheel drive systems have become popular in the luxury vehicle segment and many luxury cars sport these systems. The demand for luxury vehicles has boomed in the emerging markets and is expected to continue to increase at the highest pace among all vehicle categories in the forecast period. However, one big constraint for the growth of the luxury automobile market and the AWD systems is the slowdown in the Chinese automobile market. The slowdown and stock market crash have affected the sales of luxury cars greatly. Dealers of popular luxury brands are now forced to offer discounts as high as 15% to convince the consumers to purchase their cars. The prolonged slowdown will greatly affect the AWD market, as China is the largest single market for many of the luxury car brands.
Concerns over vehicular safety have gone up substantially in recent times. Safety has become an extremely important consideration, on par with other aspects of the car. This factor will be the biggest driver of the AWD market. The popularity of these systems is clear from the fact that Subaru has manufactured 15 million cars equipped with these systems. Due to the increasing sales of AWD equipped passenger cars, the growth of the passenger car sub-segment will be the highest and automatic AWD systems is expected grow at the fastest pace in this segment during the forecast period.
The market has been segmented by system type (Automatic All-Wheel Drive Systems, Manual All-Wheel Drive Systems), vehicle type (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles), and geography (North America, South America, Europe, Africa, Middle East and Asia-Pacific).
Some of the key players in the market are:
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Market analysis for All-Wheel Drive Vehicle Market and specific assessment and competition analysis on global and regional scales. Market definition along with the identification of key drivers and restraints. Identification of factors instrumental in changing the market scenario and rising prospective opportunities along with the identification of key companies that can influence this market on a global and regional scale. Extensively researched competitive landscape section with profiles of major companies along with their market share. Identification and analysis of the macro and micro factors that affect All-Wheel Drive Vehicle Market on both global and regional scale. A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information. A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market. Insights on the major countries in which this industry is blooming and to also identify the regions that are still untapped.