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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Competitive Landscape
BorgWarner Inc., a global leader in mobility solutions for over 130 years, is committed to innovative and sustainable transportation. Guided by values such as inclusion, integrity, excellence, responsibility, and collaboration, and aiming for carbon neutrality by 2035, it is at the forefront of shaping a cleaner, healthier, and safer automotive future. With a team of approximately 38,300 employees across 80 global locations, it designs and manufactures cutting-edge systems driving the world towards eMobility.
Toyota Motor Corporation, a leading global automotive manufacturer, produces vehicles in 27 countries and markets them in over 170 regions. Established in 1937 and based in Toyota City, Japan, the company employs nearly 350,000 people worldwide. Committed to being a responsible corporate corporation, Toyota aims to build trust with stakeholders and contribute to the development of a prosperous society through its diverse business operations.
Nissan Motor Co., Ltd., a global car manufacturer, offers a comprehensive range of vehicles under the Nissan and INFINITI brands. Headquartered in Yokohama, Japan, Nissan manages operations across four regions: Japan-ASEAN, China, Americas, and AMIEO (Africa, Middle East, India, Europe & Oceania). With a focus on optimising product development and delivering innovative technology, Nissan has earned a stellar reputation for creating groundbreaking vehicles and service programs, operating in 13 markets with 28 facilities and engaging 134,111 employees.
Other all-wheel drive market players include Magna International Inc., ZF Friedrichshafen AG, Eaton Corporation Plc, American Axle & Manufacturing, Inc., Dana Incorporated, JTEKT CORPORATION, and Melrose Industries Plc (GKN Automotive Limited), among others.
All-Wheel Drive Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 40.06 billion.
The market is projected to grow at a CAGR of 8.1% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach around USD 81.64 billion by 2032.
The major market drivers include surging demand for driving dynamics such as traction and control, rising preference for vehicles with fuel efficiency and power, and increasing demand for AWD-equipped vehicles in developing regions.
Increasing demand for SUVs and vehicles with improved safety-features for winter or hazardous climatic conditions and the development of advanced AWD systems by key players are the key trends aiding the market growth.
North America, the Asia Pacific, Europe, Latin America, and the Middle East and Africa, among others, are the major regional markets for all-wheel drive.
The major vehicle types considered in the market report are passenger cars and commercial vehicles.
The key players in the market are BorgWarner Inc., Toyota Motor Corporation, Magna International Inc., Nissan Motor Co., Ltd., ZF Friedrichshafen AG, Eaton Corporation Plc, American Axle & Manufacturing, Inc., Dana Incorporated, JTEKT CORPORATION, and Melrose Industries Plc (GKN Automotive Limited), among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124