This Vehicle Transfer Case market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape. Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study. This study is one of the most comprehensive documentation that captures all the facets of the evolving Vehicle Transfer Case market.
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.
HEVs and PHEVs to Drive Revenue Growth of Vehicle Transfer Case Market In Developing Regions
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.
Volatile Climatic Conditions to Burgeon Sales Growth of Vehicle Transfer Case Market
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.
Acquisitions to Be the On-Going Strategy of Vehicle Transfer Case Market Players
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.
- Magna International: Magna has entered into an agreement for acquiring Haptronik GmbH that helps in enhancing feel and control of power systems. This in turn elevates the position of Magna in mechatronics products, thereby benefitting vehicle transfer case market in the long run. This deal also helps the vehicle transfer case market player in taking liftgates and power doors to advanced and innovative levels.
- CARDONE Industries, Inc.: CARDONE recently announced recapitalization of its present credit facilities with Brookfield Asset Management and Citizens Bank. This in turn is expected to benefit the company with expansion of its innovation and remanufacturing capabilities, thereby boosting its global footprint.
- BorgWarner Inc.: BorgWarner lately introduced Commercial Vehicle Starter - 31MT™, for its product portfolio of Delco Remy® Genuine Products. This product offers increased performance, durability and reliability for commercial vehicles with medium-duty. The key features of this product is its design improvements as well as 10% more power compared to other products. This in turn creates significant growth opportunities for vehicle transfer case market with growing sales of commercial vehicles.
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.
Comprehensive Analysis of Vehicle Transfer Case Market Research Report Is Inclusive Of:
- Value chain
- Companies and competition involved
- Demand and supply
- Vehicle transfer case market dynamics
- Existing challenges and trends
- Vehicle transfer case market size
- Vehicle transfer case market segments
Geographical Landscape Analysis is Based On:
- North America vehicle transfer case market including (Canada and US)
- Latin America vehicle transfer case market including (Brazil and Mexico)
- Western Europe vehicle transfer case market including (Spain, UK, France, Italy and Germany)
- Eastern Europe vehicle transfer case market including (Russia and Poland)
- Asia-Pacific vehicle transfer case market including (New Zealand, Australia, ASEAN, India and China)
- Japan vehicle transfer case market
- Middle East & Africa vehicle transfer case market including (North Africa, South Africa and GCC Countries)
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.
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Segmentation of Vehicle Transfer Case Market
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
- OEM (Original Equipment Manufacturer)
By type, vehicle transfer case market is categorized into
- Four Wheel drive (4WD)
- All-Wheel drive (AWD)
By drive type, vehicle transfer case market is categorized into
By shift type, vehicle transfer case market is categorized into
- Manual shift
- Electric shift
By vehicle type, vehicle transfer case market is categorized into
- Electric Vehicle
- Pure Electric Vehicle
- Plug in hybrid electric vehicle (PHEV)
- Battery electric Vehicle (BEV)
- Off-highway Vehicle
- Constructional equipment
- Heavy Commercial Vehicle (HCV)
- Light Commercial Vehicle (LCV)
- Passenger Car
- Neutral perspective on the vehicle transfer case market performance
- Product offerings and strategies of the key players
- Latest industry developments and trends
- Detailed vehicle transfer case market segmentation
- In-depth analysis on parent market
- Niche and potential segments
- Regions presenting lucrative growth
- Competitive landscape
- Historical, on-going and forecasted vehicle transfer case market size based on value and volume
- Shifting vehicle transfer case market dynamics
- Testimonials for the vehicle transfer case market players for enabling them in enhancing their global market footprint
Frequently Asked Questions
What research methodology is used to develop the Vehicle Transfer Case Market report?
- FMI utilizes three branched methods to derive market measurements used to compile any report study (data derivation, triangulation and validation).
- These approaches include accumulating data from both primary and secondary sources
- Primary research involves interviews with industry operators and FMI's network of contacts spanning the world's value chain of the Vehicle Transfer Case Market. This is supported by a comprehensive literature analysis of information gathered through secondary sources
- Analysis of several middle market stakeholders for country-wise data
What else does FMI offer apart from Vehicle Transfer Case Market report?
In addition to up-to-date market figures and customized of the Vehicle Transfer Case Market, FMI offer consulting services to help businesses within industry navigate challenges and take well-informed decisions amidst the breakneck competition.
How do you define competitors based on market structure? What aspects about a competitor are included in the company profile section?
- Most of the competitors are segregated according to their market share in 'Tier' wise statures.
- Global market participants are scrutinized and global competition metrics are included with numerous competitor profiles referring to their business background and go-to market strategies.