Transfer Case Market by BorgWarner, Magna, GKN, ZF, Aisin Seiki, Dana, American Axle & Manufacturing, JTEKT, Schaeffler, and Meritor.


Posted April 18, 2019 by rechaldey

The transfer case market is valued at USD 9.01 Billion in 2016 and is projected to reach USD 20.33 Billion by 2025, at a CAGR of 9.56% during the forecast period.

 
According to the market research report Transfer Case Market by Drive Type (Chain, Gear Driven), Shift Type (Electronic, Manual), Type (AWD, 4WD), Off-Highway (Construction Equipment, Farm Tractor), Ice & Hybrid Vehicle (Passenger Car, LCV, HCV, HEV, PHEV), and Region - Global Forecast to 2025. Expansions and supply contracts have been the key strategies adopted by major players to gain traction in the transfer case market. Additionally, new product development has also been a preferred growth strategy.

The transfer case market is valued at USD 9.01 Billion in 2016 and is projected to reach USD 20.33 Billion by 2025, at a CAGR of 9.56% during the forecast period. The base year considered for the study is 2016 and the forecast period is 2017 to 2025.

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The transfer case market for PHEV is estimated to grow at the highest rate during the forecast period. The majority of plug-in hybrid vehicles are high-performance vehicles, which fall in the premium vehicle segment. Several OEMs are offering AWD in plug-in hybrid vehicles to differentiate themselves from competitors. AWD increases the safety of the vehicle in rough terrains such as ice, snow, and rocky surfaces while increasing the comfort level.

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The benefits offered by vehicles equipped with AWD are leading to the increased installation of a transfer case in plug-in hybrid vehicles. Owing to stringent emission regulations and advancements in technology, the demand for PHEVs is estimated to grow as they emit lesser greenhouse gases as compared to pure IC engine vehicles. Hence, the suppliers of the transfer case can focus on this vehicle segment.

Browse and in-depth TOC on Transfer Case Market
91 - Tables
56 - Figures
147 – Pages

Construction equipment transfer case market is estimated to be the largest market in the off-highway segment
The report classifies the off-highway transfer case market into construction equipment and farm tractors. The transfer case market for construction equipment is estimated to be the largest in the off-highway segment. Construction equipment with AWD or 4WD has better traction. Some of the different types of construction equipment which offer AWD or 4WD are backhoe loaders, articulated haulers, and wheel loaders. Some examples of models with transfer case are Caterpillar 434F2, 12 M2 AWD, Volvo A30D with D10 engine, and Komatsu WA320-7. The four-wheel drive is offered in tractors with a power output of >100 HP.
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Transfer Case Market Key Players

BorgWarner (US), Magna (Canada), GKN (UK), ZF (Germany), Aisin Seiki (Japan), Dana (US), American Axle & Manufacturing (US), JTEKT (Japan), Schaeffler (Germany), and Meritor (US).
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Tags transfer case market
Last Updated April 18, 2019