Automotive AWD and Non-AWD Market Trends, Sector Overview and Forecast to 2028

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Published: March 29, 2024 Report Code: GDAUS350324-ST

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The global AWD and Non-AWD components market are valued at 88.1 mn units in 2023, recording a substantial annual growth of 8.2%. However, the sector posted a negative CAGR of 1.1% during 2018–23, primarily owing to the prolonged impact of COVID-19. Over the forecast period, the sector is expected to record a CAGR of 2.2% to reach 98.4 mn units by 2028. The sector consists of two segments, AWD and Non-AWD. In 2023, AWD garnered a share of 25.5% and is expected to increase to 26.5% by 2028, while Non-AWD – RWD garnered a share of 14.6% in 2023 and is expected to increase to 18,2% by 2028 and Non-AWD – FWD garnered a share of 59.9% in 2023 and is expected to decrease to 55.3% in 2028.

This report brings together multiple data sources to provide a comprehensive overview of the global AWD and Non-AWD sector. It includes analysis on the following –

Trends & Drivers: Provides an overview of current sector scenario regarding the future outlook in terms of key trends and drivers of the sector.

Technological Developments: Provides a detailed overview of technological developments and innovations in the sector.

PESTER Analysis: Provides a detailed understanding of various factors such as political, economic, social, technological, environmental, and regulatory impacting the sector.

Sector Forecast: Provides deep-dive analysis of global market covering volume growth during 2018–2028, and spot estimate for 2028. The analysis also covers regional overview across five regions-Asia-Pacific, Europe, North America, and South America and MEA-highlighting sector size, and growth drivers for the region.

Competitive Landscape: Provides an overview of leading component suppliers at a global and regional level, besides analyzing the recent product innovations and key strategic initiatives taken by the companies.

Patent Analysis: Provides an overview of patent filings in the sector across regions, countries and top applicants.

Automotive 4-Wheel-Drive (4WD) and All-Wheel Drive (AWD) Market Trends

The key trends shaping the automotive 4WD and AWD market are increasing demand for SUVs​ and the implementation of 4WD and AWD in EVs​.

Increasing demand for SUVs: A rise in the popularity of SUVs and high-end vehicles is the cause behind global demand for all-wheel drive systems. Improvements to vehicle stability, safety, and driving dynamics are further aiding the automotive 4WD and AWD industry. Due to the SUV segment’s roots in off-road vehicles, all-wheel drive and four-wheel drive are inextricably linked to this type of vehicle. ​

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Automotive 4-Wheel-Drive (4WD) and All-Wheel Drive (AWD) Market Segmentation by Regions

In 2023, Asia-Pacific accounted for the highest share among all the regions

The key regions in the automotive 4WD and AWD market are Asia-Pacific, Europe, North America, South America, and MEA. The automotive 4WD category dominated the Asia-Pacific market in 2023. The increasing popularity of AWD vehicles in China and other Asian countries drives the growth of the automotive 4WD and AWD market in the APAC region.

Automotive 4-Wheel-Drive (4WD) and All-Wheel Drive (AWD) Market Analysis by Regions, 2023 (%)

Automotive 4-Wheel-Drive (4WD) and All-Wheel Drive (AWD) Market Analysis by Regions, 2023 (%)

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Automotive 4 Wheel-Drive (4WD) and All-Wheel Drive (AWD) Market - Competitive Landscape

Aisin accounted for the highest market share in 2021

 A few of the top companies operating in the market are:

  • Aisin
  • Hyundai
  • Volkswagen
  • ZF
  • Toyota
  • Jatco

Aisin collaborated with BlueE and Denso to come up with eAxle.  eAxle is an electric drive module that combines a motor, inverter, and gearbox.

Moreover, the company is taking strategic actions to aid the growth of the automotive 4WD and AWD market. In May 2023, Aisin planned to expand its reach and establish its foothold in the Philippines.

Automotive 4-Wheel-Drive (4WD) and All-Wheel Drive (AWD) Market Analysis by Companies, 2021 (%)

Automotive 4-Wheel-Drive (4WD) and All-Wheel Drive (AWD) Market Analysis by Companies, 2021 (%)

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Automotive 4 Wheel-Drive (4WD) and All-Wheel Drive (AWD) Market Segmentation by Sectors

The key sectors in the automotive 4WD and AWD market are AWD and non-AWD. In 2023, non-AWD was the dominant sector in the market.

Automotive 4 Wheel-Drive (4WD) and All-Wheel Drive (AWD) Market Analysis by Sectors, 2023 (%)

Automotive 4 Wheel-Drive (4WD) and All-Wheel Drive (AWD) Market Analysis by Sectors, 2023 (%)

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Automotive 4 Wheel-Drive (4WD) and All-Wheel Drive (AWD) Market - Latest Developments

A few of the latest developments in the automotive 4WD and AWD market are as follows:

  • 5th July 2023: HORSE is taking over the Renault Group’s industrial knowledge and resources for creating, manufacturing, and selling next-generation thermal and hybrid powertrains with zero emissions.
  • 27th July 2023: Currently, India has three latest AWD and 4WD SUVs, which are Maruti Suzuki Jimny, Maruti Suzuki Grand Vitara AWD, and Mahindra Scorpio-N 4WD​.

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Segments Covered in the Report

Automotive 4-Wheel-Drive (4WD) and All-Wheel Drive (AWD) Sector Outlook (Value, Million Units, 2018-2028)

  • AWD
  • Non-AWD

Automotive 4-Wheel-Drive (4WD) and All-Wheel Drive (AWD) Regional Outlook (Value, Million Units, 2018-2028)

  • Asia-Pacific
  • Europe
  • North America
  • South America
  • MEA

Scope

This report combines multiple data sources to provide a comprehensive overview of the global AWD and Non-AWD sector. It includes an analysis of the following: ​

Trends & Drivers: Provides an overview of current sector scenario regarding the future outlook in terms of key trends and drivers of the sector. ​

Technological Developments: Provides a detailed overview of technological developments and innovations in the sector.​

PESTER Analysis: Provides a detailed understanding of various factors such as political, economic, social, technological, environmental, and regulatory impacting the sector.​

Sector Forecast: Provides deep-dive analysis of the global market covering volume growth during 2018–2028, and spot estimates for 2030 and 2036. The analysis also covers a regional overview across four regions-Asia-Pacific, Europe, MEA, North America, and South America -highlighting sector size and regional growth drivers.​

Competitive Landscape: Provides an overview of leading component suppliers at a global and regional level, besides analyzing the companies' recent product innovations and key strategic initiatives.​

Patent Analysis: Provides an overview of patent filings in the sector across regions, countries, and top applicants.​

Reasons to Buy

Auto OEMs and component suppliers seek the latest information on how the market is evolving to formulate their sales and marketing strategies. There is also a demand for authentic market data with a high level of detail. This report has been created to provide its readers with up-to-date information and analysis to uncover emerging opportunities for growth within the sector in the region. The report provides a detailed analysis of the regions and competitive landscape that can help companies gain insight into the region-specific nuances. The analysts have also placed a significant emphasis on the key trends that drive customer choice and the future opportunities that can be explored in the region, which can help companies in revenue expansion. To gain competitive intelligence about leading component suppliers in the sector in the region with information about their market share and growth rates.

Toyota
Mercedes Benz
Magna
AISIN
Hyundai
Volkswagen
ZF
Ford

Table of Contents

Executive Summary

Part 1: Main Trends and Drivers

Trends

Drivers

Part 2: Technologies and Developments

Part 3: PESTER Analysis

Part 4: Sector Forecast

4WD and AWD – Global Volumes

Asia-Pacific Market Growth Analysis

European Market Growth Analysis

North American Market Growth Analysis

South America Market Growth Analysis

MEA Market Growth Analysis

Part 5: Latest Developments

Part 6: Key Companies

Part 7: Patent Analysis

Part 8: Appendix

Table

List of Tables

Table 1: Main trends in the 4WD and AWD sector

Table 2: Market fitment/penetration rates of 4WD systems fitted to newly-assembled light vehicles, 2016-2036, (%)

Table 3: Market volumes of 4WD systems fitted to newly-assembled light vehicles, 2016-2036, (‘000s units)

Table 4: Global market fitment/penetration rates of 4WD systems fitted to newly-assembled light vehicles, 2016-2036, (%)

Table 5: Global market volumes of 4WD systems fitted to newly-assembled light vehicles, 2016-2036, (‘000s units)

Figures

List of Tables

Table 1: Main trends in the 4WD and AWD sector

Table 2: Market fitment/penetration rates of 4WD systems fitted to newly-assembled light vehicles, 2016-2036, (%)

Table 3: Market volumes of 4WD systems fitted to newly-assembled light vehicles, 2016-2036, (‘000s units)

Table 4: Global market fitment/penetration rates of 4WD systems fitted to newly-assembled light vehicles, 2016-2036, (%)

Table 5: Global market volumes of 4WD systems fitted to newly-assembled light vehicles, 2016-2036, (‘000s units)

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