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Transfer case market is estimated to be USD 9.79 billion in 2017 and is projected to grow to USD 20.33 billion by 2025, at a CAGR of 9.56% during the forecast period. The increasing sales of SUVs and premium sedans are the key growth driver for the transfer case market.
The increasing demands for safety and traction in extreme weather or surface condition and need for easy maneuverability are other factors driving the demand for AWD and 4WD across the globe.
- Transfer Case Component Manufacturers
- Distributors and Suppliers of Transfer Case Components
- Independent and Authorized Dealers of Drivetrain Components
- Drivetrain Manufacturers
- Vehicle Manufacturers
- Industry Associations and Experts
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2 Transfer Case: Market Ranking Analysis
3 Competitive Scenarios
3.2 Supply Contracts
3.3 New Product Launches/Developments
3.4 Mergers/Joint Ventures/Acquisitions/Partnerships
The increasing demand for AWD and 4WD would, in turn, fuel the demand for transfer case market.
On the other hand, the increasing demand for battery electric vehicles can hinder the growth of the transfer case market. As BEVs do not use a transfer case for power distribution, the increasing popularity of these vehicles will impact the growth of the transfer case market in the long term.
The passenger car segment, which includes a sedan, hatchback, SUV, and crossover SUV, is estimated to be the fastest growing market for transfer case. In passenger cars, the SUV segment is the most promising market for transfer case as most of the SUVs are equipped with 4WD or AWD.
Asia Pacific is estimated to be the largest transfer case market for passenger cars owing to the huge vehicle production with 4WD or AWD. Subaru Forester, Mazda CX-5, Haval H6, and Toyota RAV4 are some of the top-selling SUVs equipped with a transfer case in the Asia Pacific region.
North America is estimated to be the largest transfer case market for LCV segment. The high sales of SUVs and light pickup trucks drive the market growth in the North American region.
Both these vehicle types have been considered under the LCV segment for the North American region.
Get “Transfer Case Market” Report is now available at www.rnrmarketresearch.com/contacts…unt?rname=1274810
The report analyzes the transfer case market across different verticals and regions. It aims at estimating the market size and growth potential of the transfer case market by region (Asia Pacific, Europe, North America, RoW), drive type (Gear Driven, Chain Driven), 4WD type (4WD, AWD), off-highway vehicles (Construction Equipment, Farm Tractors), shift type (Manual Shift On-the-Fly, Electronic Shift On-the-Fly),vehicle type (PC, LCV, HCV), and hybrid vehicle type (HEV, PHEV).
Furthermore, the report also includes an in-depth competitive analysis of the key players in the market along with their company profiles, recent developments, and key market strategies.
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