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Automotive Differential Market Trends

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

Automotive Differential Market Trends

The increasing focus of vehicle manufacturers on enhancing vehicle performance and safety is expected to propel the market growth. The integration of automotive differentials offers enhanced traction control, cornering capability, and stability features. It further assists in maintaining vehicle balance and control by dynamically altering torque distribution to individual wheels, allowing for more precise and predictable handling. This improved stability and maneuverability improves the driving experience and allows cars to manage difficult road conditions more successfully. To gain a competitive advantage in the market players are launching new solutions in the market.
 

For instance, in December 2022, JTEKT developed JTEKT Ultra Compact Differential known as JUCD for BEV eAxle. JUCD supports a wide range of torque capacity requirements, by selecting the number of output gear teeth or additional planet gear sets, while keeping the common planet gear sets. The increasing integration of automotive differentials into vehicles results in improved vehicle performance.

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.

Automotive Differential Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 350
  • Countries covered: 23
  • Pages: 250
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