DUBLIN, June 29, 2015 /PRNewswire/ --
Research and Markets(http://www.researchandmarkets.com/research/2nk6z7/automotive) has announced the addition of the "Automotive Multi-Wheel Drive Systems Market by Vehicle Type, System Type, and by Geography - Global Trends and Forecast to 2020" report to their offering.
The automotive multi-wheel drive systems market, in terms of volume, is projected to grow at a CAGR of 7.75% from 2014 to 2020, to reach 19,045.9 thousand units by 2020.
The automotive industry is inclined towards using advanced technologies to reduce crashes and mitigate the impact of accidents on passengers. The multi-wheel drive systems play an important role in achieving both the targets.
Multi-wheel drive systems have evolved from the need for better fuel efficiency, safety, stability, control, and driving experience. These systems offer these features, prompting automobile companies to invest extensively in such systems. The market for these systems is driven by the increasing demand for the SUVs globally, as well as due to the unfavorable terrains prevailing across various regions.
In Europe and North America, the automatic and manual AWD systems are well-established and have a higher penetration rate. The use of these systems has grown significantly in the Asia-Oceania and RoW regions, following an increase in the consumer purchasing power and their preference for better safety measures. China, the U.S, Germany, and the U.K. are expected to be the largest markets for the multi-wheel drive systems. Developing countries such as India, Brazil, and Mexico are expected to show promising growth in the demand for automatic and manual AWD systems from 2014 to 2020.
The global automotive multi-wheel drive systems market is dominated by players such as ZF Friedrichshafen AG (Germany), Continental AG (Germany), Borg Warner Inc. (U.S.), and JTKT Corporation (Japan).
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Technology Overview
7 Global Automotive Multi-Wheel Drive System Market, By System Type
8 Global Automotive Multi-Wheel Drive System Market, By Vehicle Type
9 Global Automotive Multi-Wheel Drive System Market, By Region
10 Competitive Landscape
11 Company Profiles
- American Axle & Manufacturing Inc.
- Borgwarner Inc.
- Continental AG
- Dana Holding Corporation
- Eaton Corporation Plc
- GKN PLC
- JTEKT Corporation
- Magna International Inc.
- Oerlikon Inc.
- ZF Friedrichshafen AG
For more information visit http://www.researchandmarkets.com/research/2nk6z7/automotive
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SOURCE Research and Markets