Drive System Market is poised to grow at 6% compound annual growth rate and reach remarkable value by 2023 globally. Drive System Market 2019 Global Industry Forecast to 2023 Report.
— Drive System Market 2019 Global Industry Forecast to 2023 Report, is latest Global Automotive Interior Ambient Lighting Industry research report published by “Market Research Future”. Drive System Market is poised to grow at 6% compound annual growth rate and reach remarkable value by 2023 globally. For depth analysis, Global Drive System Market is segmented by Operation (Automatic and Manual), Vehicle Type (Passenger Vehicle and Commercial Vehicle), Type (RWD, AWD and Others), and Regions.
Global Drive System Market Highlights:
The global market for drive system is growing significantly during recent times, partly due to the growing vehicle production across the globe. Market Research Future (MRFR) has published and released a research report about the global drive system market that predicts growth for this market between 2016 and 2023.
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Drive System Market Key Companies Studied in this report are Autoliv Inc (Sweden), Delphi Automotive (UK), ZF Friedrichshafen (Germany), ITW Automotive Products Gmbh (Germany), Daimler-AG (Germany), Hyundai Motor (South Korea), Special Devices Inc (US), Far Europe Holding Limited (China), Tokai Rika Co. Ltd (Japan), and Iron Force Industrial Co (Taiwan).
The global drive system market is growing due to various factors. Its significant growth is primarily due to the growth of vehicle production. Other factors include better vehicle performance due to transmission system & rapidly rising demand for high fuel efficiency, stringent regulatory norms in many countries regarding the environment, and increased investment in the automotive industry across the globe. However, the high cost of advanced transmission systems can obstruct market growth.
The global market for drive system has been witnessing significant growth in recent times. The growing vehicle production across the globe has been aiding the market. In addition, stringent regulatory norms, especially in Europe has fueled the growth of the market. Rapidly rising demand for high fuel efficiency and transmission system has evolved to provide better vehicle performance. Manufacturers of drive systems are competing to develop fuel efficient systems without compromising on the performance of vehicle. Automatic transmission is preferred over manual transmission, and the reason behind the inclination towards automatic transmissions, is fuel efficiency, increased power, and better comfort level. With major manufacturers adopting advanced technologies to keep pace with the leading manufacturers in the automotive industry, the market for drive system is poised for rapid growth during the forecast period. Factors such as increase in use of alternative fuel such as ethanol and the increasing trend of engine downsizing, are driving the market of drive system for automotive. Increased investment in the automotive industry across the globe encourages various manufacturers operating in the automotive industry. The stringent emission norms are also driving the market for drive system market.
Market Segments Analysis:
The global drive system market has been segmented based on operation, type, vehicle type, and region. Based on the operation, this market has been segmented into automatic and manual. By type, the market has been segmented into all-wheel drive vehicle (AWD), rear-wheel drive (RWD), and others. The vehicle type segmentation segments the market into passenger vehicle and commercial vehicle.
Drive System Market Regional Analysis:
The market for drive system systems is expected to grow with an increase in demand of automobiles, majorly in the U.S. and Europe. North America is expected to be the largest market during the forecast period. Increasing demand for automatic manual transmission (AMT) across the region, is expected to boost the industry growth. In addition, the sophisticated manufacturing hubs and market, in terms of technology is expected to strengthen the market growth further. There is an immense demand of commercial vehicles in United States. The demand for commercial vehicles has increased the demand for drive system systems market. Major demand for fuel efficient vehicles, coupled with heavy investment in the technological development is expected to drive the demand in the drive system market in this region. The growth of the Europe region is also driven by the presence of major auto manufacturers, which are mainly focusing on meeting the increasing demand for both, passenger and commercial vehicles. Owing to all these factors, the growth of the regions is expected to grow at a rapid pace.
Asia Pacific is the second largest market in the global automotive transmission market owing to factors such as growth in the production of passenger cars and LCV in the developing economies. Many OEMs are keen to open their production facilities, in this region, especially in the emerging nations such as China and India. The market has been experiencing rapid growth due to the rising sales of passenger cars, and the emerging economies where the global players are shifting. Technological advancements are also giving a much-needed thrust to the Gasoline Direct Injection (GDI) systems market. Rampant rise in vehicle production in the Asia Pacific region is also expected to be majorly contributing in the growth of the drive system market.
Table Of Contents:
1 Executive Summary
2 Research Methodology
2.1 Scope Of The Stud
2.1.2 Research Objective
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market Size Estimation
2.4 Forecast Model
3 Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Supply/Value Chain Analysis
3.4 Porter’s Five Forces Analysis
4.2 Forward Collision Warning
4.3 Dynamic Brake Support
4.4 Crash Imminent Braking
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