Market Summary -
The global market for transfer case has been witnessing significant growth in recent times. The growing vehicle production across the globe can be attributed as a key driver for the market. Rapidly rising demand for high fuel efficiency among the customers and stringent government regulations governing the automotive industry, growing implementation of environmental regulations and increasing adoption of advanced automotive technologies such as gasoline direct injection and automatic transmission contribute towards the high growth rate of the Transfer Case market.
With almost every major manufacturer adopting advanced technologies in order to keep pace with the leading manufacturers in the automotive industry, the market for Transfer Case is poised for rapid growth during the forecast period. In addition, stringent regulatory norms especially in Europe have fueled the growth of the market. Manufacturers of Transfer Cases are competing to develop fuel-efficient systems without compromising on the performance of vehicles.
Taste the market data and market information presented through more than 40 market data tables and figures spread over 80 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Global Transfer Case Market Research Report - Forecast Period.
Key Vendors -
UNIVANCE, GKN, Powertrain Industries, American Axle & Manufacturing, and ZF Friedrichshafen are the notable market contenders
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Global Transfer Case Market
Increased investment in the automotive industry across the globe provides a positive outlook to various manufacturers operating in the automotive industry. Increased sales of hybrid segment vehicles equipped with AWD, and recent penetration of AWD in premium sedans are expected to fuel the transfer case market. The stringent emission norms are also driving the market for transfer case market.
However, high cost of Transfer Case systems is the major restraint to the growth of market.
The key players of global Transfer Case market are CARDONE, BorgWarner, Dorman, Magna International, Powertrain Industries, UNIVANCE, American Axle & Manufacturing, GKN and ZF Friedrichshafen. In 2016, these companies accounted for a share of % of the global market.
Market Research Analysis
The market for transfer case systems is expected to grow with an increase in demand for automobile, majorly in the United States and the European region. There is an immense demand of commercial vehicles in United States. With the increase in demand of commercial vehicles there is an increase in demand for Transfer Case systems market. Major demand for fuel efficient vehicles in this region coupled with heavy investment in the technological development is expected to drive the demand in the Transfer Case market in this region. The growth of the European region is also driven by the presence of major auto manufacturers which are mainly focusing meeting the increasing demand for passenger as well as commercial vehicles. Owing to all these factors, the growth of the regions is expected to grow at a rapid pace.
Due to the presence of countries such as China and India among others, the dominance of APAC becomes evident in the global Transfer Case systems market value. Aggressive growth in the Asian automotive market is expected to boost the demand in the Transfer Case market in this region. The market has been experiencing rapid growth in the last two years owing to the rising sales of passenger cars, emerging economies, shifting of global players and technological advancements are giving a much needed thrust to the Transfer Case systems market. Rampant rise in vehicle production in the Asia-Pacific region is also expected to be the major contributor towards the growth of the Transfer Case market.
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