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Automotive Differential Market Share

Report ID: GMI5862
Published Date: Aug 2024
Report Format: PDF

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Automotive Differential Market Share

ZF Friedrichshafen AG and JTEKT Corporation dominate the market growth with around 9% market share in 2023. ZF Friedrichshafen AG focuses on innovation and technological advancements to produce enhanced differential systems including electronically controlled and torque vectoring differentials. The company further focuses on partnership and acquisition activities to enhance its portfolio and expand its global presence.

By leveraging expertise in both automotive and industrial applications, JTEKT integrates advanced differential technologies into its product lineup. It prioritizes enhancing production efficiency and reducing costs through advanced manufacturing processes. Additionally, JTEKT invests in expanding its market presence in emerging economies, targeting regions with growing automotive industries to capture new market opportunities.

Automotive Differential Market Companies

The major players operating in the automotive differential industry are:

AAM (American Axle & Manufacturing)
BorgWarner Inc.
Dana Incorporated
Eaton Corporation
GKN Automotive
JTEKT Corporation
Linamar Corporation
Magna International Inc.
Schaeffler AG
ZF Friedrichshafen AG

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of automotive differential reached USD 23.7 billion in 2023 and will expand at 4.5% CAGR between 2024 and 2032, due to the growing demand for advanced vehicle performance and handling capabilities.

Automotive differential industry size from the electric segment reached USD 4 billion in 2023, owing to the rising demand for eco-friendly transportation and the growing adoption of electric vehicles.

Asia Pacific market captured 30% share in 2023, driven by rapid vehicle production growth and increasing automotive demand in the region.

AAM (American Axle & Manufacturing), BorgWarner Inc., Dana Incorporated, Eaton Corporation, GKN Automotive, JTEKT Corporation, Linamar Corporation, Magna International Inc., Schaeffler AG, and ZF Friedrichshafen AG, among others.