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The global automotive multi-wheel drive market reached a volume of 15.2 Million Units in 2021. Looking forward, IMARC Group expects the market to reach 20.4 Million Units by 2027, exhibiting at a CAGR of 4.8% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
An automotive multi-wheel drive, also known as an all-wheel drive or (AWD), is a type of automobile in which all the wheels receive equal torque from the engine. It includes vehicles that have four or more than four wheels such as SUVs, trucks, commercial lorries and luxury cars. Generally, in vehicles with two-wheel drive, the engine can supply power to either the front wheels or the rear wheels at a single point of time. Whereas, in all-wheel or multi-wheel drives, all the wheels of a vehicle operate simultaneously in order to provide better traction and handling during adverse weather conditions. They are also considered ideal for rough terrains like snow, ice, mud, off-road and sand, as these drives prevent slipping and help propelling the vehicle forward. Moreover, multi-wheel drives also enable the engines to distribute the weight in a more efficient manner.
Market Trends:
Increasing awareness among consumers regarding their safety while driving has catalyzed the demand for various advanced in-built safety features such as multi-wheel drive. In addition, to improve the traction and control over the vehicle, most luxury and sports cars are installed with multi-wheel drive systems. A shift in consumer preferences towards comfort and luxury driving with enhanced driving dynamics is further expected to augment the overall demand for luxury cars, SUVs and other sports vehicles across Europe and Asia.
IMARC Group provides an analysis of the key trends in each sub-segment of the global automotive multi-wheel drive market report, along with forecasts for growth at the global and regional level from 2022-2027. Our report has categorized the market based on vehicle type, transmission type and wheel drive type.
Breakup by Vehicle Type:
Based on the vehicle type, the market has been segmented into passenger cars, light commercial vehicles and heavy commercial vehicles. Amongst these, passenger cars currently represent the biggest segment.
Breakup by Transmission Type:
Based on the transmission type, the market has been segregated as manual MWD and automatic MWD. Currently, manual MWD represents the leading segment.
Breakup by Wheel Drive Type:
Based on wheel drive type, the market is categorized as front-wheel drive (FWD), rear-wheel drive (RWD) and four-wheel drive (4WD)/all-wheel drive (AWD).
Breakup by Region:
Region-wise, the report has analyzed Asia Pacific, North America, Europe, Middle East and Africa, and Latin America.
The competitive landscape of the market has also been examined with some of the key players being Borg Warner Inc, Continental AG, ZF Friedrichshafen AG, JTEKT Corporation, Magna International Inc., American Axle & Manufacturing Inc., Eaton Corporation Inc., GKN Plc, Dana Incorporated, Oerlikon Group and Mitsubishi Motors Corporation.
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2021 |
| Historical Period | 2016-2021 |
| Forecast Period | 2022-2027 |
| Units | Million Units |
| Segment Coverage | Vehicle Type, Transmission Type, Wheel Drive Type, Region |
| Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Companies Covered | Borg Warner Inc, Continental AG, ZF Friedrichshafen AG, JTEKT Corporation, Magna International Inc., American Axle & Manufacturing Inc., Eaton Corporation Inc., GKN Plc, Dana Incorporated, Oerlikon Group and Mitsubishi Motors Corporation |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
The global automotive multi-wheel drive market reached a volume of 15.2 Million Units in 2021.
We expect the global automotive multi-wheel drive market to exhibit a CAGR of 4.8% during 2022-2027.
The increasing consumer awareness towards safety while driving, as multi-wheel drives enable the
engines to distribute the weight in a more efficient manner, represents one of the key factors driving the
global automotive multi-wheel drive market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown
regulations across several nations resulting in temporary closure of numerous automobiles
manufacturing units, thereby limiting the overall demand for automotive multi-wheel drive.
Based on the vehicle type, the global automotive multi-wheel drive market has been bifurcated into
passenger cars, light commercial vehicles, and heavy commercial vehicles. Currently, passenger cars
exhibit clear dominance in the market.
Based on the transmission type, the global automotive multi-wheel drive market can be divided into
manual MWD and automatic MWD. Among these, manual MWD type currently holds the majority of the
total market share.
On a regional level, the market has been classified into North America, Europe, Asia Pacific, Middle East
and Africa, and Latin America, where Asia Pacific currently dominates the global market.
Some of the major players in the global automotive multi-wheel drive market include Borg Warner Inc,
Continental AG, ZF Friedrichshafen AG, JTEKT Corporation, Magna International Inc., American Axle &
Manufacturing Inc., Eaton Corporation Inc., GKN Plc, Dana Incorporated, Oerlikon Group and Mitsubishi
Motors Corporation.
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