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Global Automotive Differential Market Is Anticipated To Grow At a CAGR of 5.9%

Asia-Pacific is anticipated to have the largest market share during the forecast [period 2021-2027 owing to increased vehicle production post-COVID-19 crisis. Moreover, the rising inclination towards all-wheel and four-wheel drive integrate vehicles has gained its prominence in off-road vehicles and sports cars.

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Global Automotive Differential Market Is Anticipated To Grow At a CAGR of 5.9%

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  1. Global Automotive Differential Market

  2. About VynZ Research… • VynZ Research is a global market research firm offering research, analytics, and consulting services on business strategies. We have a recognized trajectory record and our research database is used by many renowned companies and institutions in the world to strategize and revolutionize business opportunities. The company focuses on providing valuable insights on various technology verticals such as Chemicals, Automotive, Transportation, Energy, Consumer Durables, Healthcare, ICT and other emerging technologies. • VynZ Research has one of the most qualified & experienced analysts, who are constantly tracking the markets and the technologies. The research team has years of proven experience and wide knowledge & understanding of the technology, application, business models, and regulators of the segments and the value chain involved. • A trusted & proven methodology that involves highest quality of primary research, secondary analysis collated & verified through various sources including cross checking with different industry experts. • Serving wide range of customers most of them from Fortune 2000 companies • With a dedicated 24x7 customer helpline our customers can reach for specifying their needs • Developing long term relationship with the clients and satisfying them is one of the crucial notches of the company. VynZ Research aims at gaining and retaining its clients in order to make long term customer relationship.

  3. Global Automotive Differential Market The global automotive differential market is anticipated to grow at a CAGR of 5.9% during 2021-2027 and is expected to reach USD 26.2 billion by 2027. The increased need for better traction on roads and fuel-efficient vehicles are the major drivers of the market. Furthermore, the increased demand for all-wheel drive vehicles, rising penetration of AWD and 4WD vehicles, mounting demand for commercial vehicles, and growing demand for lightweight and high-performance automotive components will propel the differential market. The key strategy for gaining a competitive advantage is to develop electronically limited-slip differentials, increase demand from developing countries, and win contracts/agreements, while production of electronically limited-slip differentials is expected to supplement the global automotive differential market growth. The COVID-19 pandemic has declined the demand for automotive production and sale globally, resulting in a decrease in sales for automotive differential.

  4. Global Automotive Differential Market Based on the drive type, the global automotive differential market is segmented into Open Differential, Locking Differential, Limited Slip Differential, Electronic Limited Slip Differential, and Torque Vectoring Differential. The limited-slip differential is further divided into a clutch plate limited-slip differential and a viscous limited-slip differential. Open differentials are commonly seen in passenger cars such as family sedans, vans, and economy cars. Locked differentials, on the other hand, are common, but not always, utilized in off-road vehicles. Asia-Pacific is anticipated to have the largest market share during the forecast [period 2021-2027 owing to increased vehicle production post-COVID-19 crisis. Moreover, the rising inclination towards all-wheel and four-wheel drive integrate vehicles has gained its prominence in off-road vehicles and sports cars.

  5. Global Automotive Differential Market In September 2021, Eaton's has introduced a new series of differentials for electrified vehicles that deliver performance comparable to that of older ICE vehicles. Eaton claims that its Traction Control differentials can improve traction and stability while trailering in unfavorable weather. Automatic limited-slip, automatic locking, and electronic selective locking differentials are the differentials offered by the company for electrified vehicles. The prominent players in the global automotive differential industry include American Axle & Manufacturing, Inc. (AAM), BorgWarner Inc., Dana Incorporated, Eaton, Hyundai Wia Corporation, JTEKT Corporation, Linamar Corporation, Melrose Industries PLC, Schaeffler Group, ZF Friedrichshafen AG, GKN, Continental AG, Auburn Gear LLC, Neapco Holdings LLC, Magna International Inc., Drexler Companies Inc., RT Quaife Engineering Ltd., Xtrac Ltd, NSK Ltd., Bharat Gears Ltd., CUSCO Japan Co. Ltd., Zen Technologies Limited, and Kermanmotor Co.

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