OEMs are constantly launching vehicles by integrating intelligent-AWD technology. With the help of sensors, this technology tracks and adjusts the functions of the vehicle by detecting type of road. Vehicles incorporated with intelligent-AWD technology require vehicle transfer case for synchronization purposes. Therefore, growing number of AWD vehicle sales is likely to create significant growth opportunities for vehicle transfer case market.
Asia-Pacific vehicle transfer case market has been witnessing surging demand for PHEVs and HEVs owing to increasing government incentives, rapid growth in charging infrastructure and strict emission norms. For instance, the government of France announced subsidies on purchase of HEV and PHEV vehicles, which in turn drives revenue growth of vehicle transfer case market.
Increasing number of production operations taken up within the region is likely to drive the need for commercial vehicles, which in turn fuels North America vehicle transfer case market growth. For instance, Walmart has been planning to shift procurement and production related operations from China to US by 2023. This in turn generates nearly 5,000 employment opportunities in the region.
Rising consumer preference for towards advanced towing capacity, transaction, toque transmission and acceleration is expected to accelerate the growth of vehicle transfer case market. Recent penetration of all-wheel drive (AWD) in the premium sedans are expected to drive the revenue growth of vehicle transfer case market. Growing demand for traction and safety in extreme surface or weather conditions along with demand for easy maneuverability further drives the sales growth of vehicle transfer case.
Chain vehicle transfer case have been replacing the gear vehicle transfer case due to their light-weight, smooth transmission and quiet operation. However, gear vehicle transfer case are witnessing growing demand from construction and farming industries as well as on-road HCV such as military trucks and garbage trucks. With surging demand for the battery electric vehicles, revenue growth of vehicle transfer case is likely to decline in the near future.
Manufacturers in vehicle transfer case market are taking immense efforts in developing efficient and advanced torque transferring products for maintaining pace with the competitors, thereby catering to customer needs.
The vehicle transfer case market research report offers comprehensive analysis of the global market, by incorporating thoughtful facts and insights along with statistically supported market data. The report consists of projections that has been developed by means of suitable methodologies and set of assumptions. Furthermore, the research report delivers information and study based on segments such as industry, application and regions.
The vehicle transfer case market research report comprises of first-hand information, quantitative and qualitative study by industry analysts as well as inputs from industry participants and industry experts throughout the value chain. The vehicle transfer case market research report offers detailed study of parent market, governing factors and micro-economic indicators together with global market attractiveness depending on the segments. In addition, the report maps qualitative impacts of several market factors on the regions and market segments.
Segmentation of Vehicle Transfer Case Market Has Been Done Based On Sales Channel, Type, Drive Type, Shift Type and Vehicle Type
By sales channel, vehicle transfer case market is categorized into
By type, vehicle transfer case market is categorized into
By drive type, vehicle transfer case market is categorized into
By shift type, vehicle transfer case market is categorized into
By vehicle type, vehicle transfer case market is categorized into
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Vehicle Transfer Case Market
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