Global Automotive Multi Wheel Drive (AWD) Systems Market Size, Share and Trends Analysis Report, By Type (Full Time, Part Time, Automatic All-Wheel Drive), By Application (Passenger Cars, Commercial Vehicles), Forecast (2022-2028)

The global automotive multi-wheel drive (AWD) systems market is anticipated to grow at a significant CAGR during the forecast period (2022-2028). Multi-wheel drive systems have changed in the need for fuel efficiency, safety, stability, control, and driving experience. These factors encourage car companies to invest heavily in such systems. The market for these programs is driven by the growing demand for SUVs. Therefore, this is leading to the growth of the drive system with many wheels. The automotive multi-wheel drive systems have been popular in heavy-duty commercial vehicles (HCVS) and are gaining popularity in other car segments including light business vehicles and passenger vehicles. One of the major factors driving the growth of the market for multi-wheel drive systems is the growing need for fuel efficiency, control, and stability in heavy vehicles. Multi-wheel drive systems have provided an efficient solution for car manufacturers to provide better performance and higher control while driving at high speeds.

 

In addition, the increased awareness among consumers about safety while driving has increased the need for advanced built-in safety features such as multi-wheel drive. It improves the traction and control of the vehicle more luxury and sports cars have been fitted with multi-wheel drive systems. Consumer shifts towards luxury and luxury driving with improved driving capabilities are also expected to increase the demand for luxury cars, SUVs, and other sports cars throughout Europe and Asia.

 

In January 2019, Toyota announced improvements in development, driving entertainment, and the introduction of new features with the current generation of Prius mixed driving experience. Improved features include an intelligent system, which pulls through all the electric wheels. This lightweight system works automatically to support the driver in the same situations when additional grip is required.

 

Further, in In October 2019, Nissan Motor Co. Ltd developed a test drive that controls all-powerful wheels, twin twins equipped with new technology developed by the next generation of the company’s EVs. Improved with an all-wheel-drive front and rear-wheel drive system integrated with advanced Nissan chassis control technology. The result is an all-wheel-drive system that will set new standards for Nissan electric vehicles.

 

Market Coverage

• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
  • By Type
  • By Application
• Regions Covered-
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World
• Competitive Landscape-American Axle Manufacturing, Borg Warner Inc., Continental AG, Dana Holding Corp., and GKN Plc, among others.

 

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
  • Deviation from the pre-COVID-19 forecast
  • Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

 

 

Global Automotive Multi Wheel Drive AWD Systems Market Report by Segment

By Type

• Full Time
• Part-Time
• Automatic All-Wheel Drive

By Application

• Passenger Cars
• Commercial Vehicles

 

Global Automotive Multi Wheel Drive AWD Systems Market Report by Region

North America

• United States
• Canada

Europe

• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe

Asia-Pacific

• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific

Rest of the World

• Latin America
• Middle East & Africa