Four Wheel Drive Market Size, Statistics, Trend Analysis and Forecast Report, 2020 - 2027

Four Wheel Drive Vehicles Market  is segmented by Type (Standard 4WD, Premium 4WD and Others), by Application (HCV, SUV and Others), and by Region (United States, Canada, Mexico, France, Germany, Italy, Spain, United Kingdom, Russia, China, India, Philippines, Malaysia, Australia, Austria, South Korea, Middle East, Japan, Africa and Rest of World)

  • Report ID : MD1789
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  • Pages : 220
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  • Tables : 85
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  • Formats :

Four Wheel Drive Vehicles Market size was estimated at $xx Million in 2020 and is expected to reach $xx Million by 2027, growing at a CAGR of 9.65% during the forecast period of 2020 to 2027.

Market Definition / Research Scope

The popular four wheel drive popularly known as 4WD or 4x4 is an all purpose land vehicle. Four wheel drive has improved drive range and stability that are not seen in most vehicles. This alone has been a major reason why this vehicles demand has been growing rapidly in the market. The advanced technology and trend of the four wheel drive is being gradually adapted to its advanced technology and smarter intelligence that enhances the usage. This setup has become widely sought for by production companies.

The four wheel drive has been segmented into two major parts: Standard 4WD and premium 4WD. The standard 4WD is estimated to have an increased market sales in 2025 as its model is widely purchased due to the high demand for light vehicles. Well this demand is generally because lighter cars can easily avoid collision easier than heavier cars. Although the premium 4WD sounds like a better pick, it is relatively more cost effective than the standard 4WD but still has great power and traction. This vehicle is also most time faced with challenges of high fuel demand which has also adversely affected its demand. This vehicle has been manufactured with high performance and traction in dangerous situations which makes the vehicle suitable for usage on both dry and slippery, Rocky and smooth roads.
The four wheel drive is designed with four modes which enables users to explore their vehicles as needed. Being overly equipped, the 4W is faced with high maintenance cost and frequent tire wear problems . This level of technological advancement and increased penetration rate of the four wheel drive had helped it earn a favourable spot in the vehicle market.
The four wheel drive has been in high demand in North America espey in regions such as the US and Canada and the Asia Pacific region.

Four Wheel Drive Vehicles Market Growth and Trends

Four-wheel drive vehicles, where all wheels get their power from the engine and the front and rear wheels rotate at the same speed, advancing traction and stability of the vehicle, generates a high demand for these vehicles. Their functionality in increasing the safety, stability, and driving control are added factors that are likely to stimulate the automotive four-wheel drive market. The rise in off-road driving where vehicles are driven in snow, sand, or inclined hilly roads where wheels require greater power for forward motion, four-wheel drive helps in allocation of power consistently to both front and rear axles, thus equally distributing the power in all the wheels and keeping a straight traction, triggers the demand for four-wheel drive vehicles sustaining high market growth worldwide. Increasing number of construction industries across the world will foster the demand for commercial heavy vehicles such as mining trucks, tractors, earthmoving equipment heavy-load trucks, SUVs, and vehicles with high force driving experience will definitely boost the automotive four-wheel drive market. Increasing in concerns about passenger safety in the automotive industry is expected to increase the demand for the four-wheel drive market in the future. Automobile manufacturers and R&D centers are getting involved in the automatic four-wheel drive segment to boost the market further. The increase in levels of pollution because of vehicle combustion system, people are being propelled towards the green energy vehicle. The driving factor for the growth of electric vehicles has been initiated by the different governmental agencies to promote the sale of these vehicles. As a result, the hybrid electric vehicle segment is anticipated to hold a significant share of the automotive four-wheel drive market in forthcoming years. 

A possible limiting factor in the growth of this market could be high cost of production which can be minimised through employing appropriate strategies.

Four Wheel Drive Vehicles Market Regional Analysis

The global four-wheel drive market is expected to grow across North America, South America, Asia-Pacific and Middle East & Africa regions. Currently, the Americas dominate the market and are expected to do so in the coming years. The growth in this market is expected to happen due to emergence of new 4wd models, reducing gasoline prices per gallon and growing credit availability. The growing popularity of large vehicles such as pickup trucks and SUVs is also expected to fuel this growth. Leading companies propelling this growth include Hitachi Automotive Systems, GKN, BorgWarner, Magna, American Axle & Manufacturing, ZF Friedrichshafen, JTEKT, Linamar and Dana. 

Four Wheel Drive Vehicles Market Share and Competition

Key companies operating in this industry are: BMW, Daimler, Hyundai, Mitsubishi, Toyota, Ford, Renault, Tata Motors, Isuzu, Fiat, Nissan, Honda, Volkswagen and Volvo.

Four Wheel Drive Vehicles Market Research Report Analysis Highlights
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2020 – 2027)
• Data breakdown for every market segment (2020 – 2027)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy

Industry Segmentation and Revenue Breakdown
Type Analysis (Revenue, USD Million, 2020 - 2027)
• Standard 4WD
• Premium 4WD
• Others

Application Analysis (Revenue, USD Million, 2020 - 2027)
• HCV
• SUV
• Others
Region Analysis (Revenue, USD Million, 2020 - 2027)
• United States
• Canada
• Mexico
• France
• Germany
• Italy
• Spain
• United Kingdom
• Russia
• China
• India
• Philippines
• Malaysia
• Australia
• Austria
• South Korea
• Middle East
• Japan
• Africa
• Rest of World

Four Wheel Drive Vehicles Market Companies
• BMW
• Daimler
• Hyundai
• Mitsubishi
• Toyota
• Ford
• Renault
• Tata Motors
• Isuzu
• Fiat
• Nissan
• Honda
• Volkswagen
• Volvo

Available Versions:-
United States Four Wheel Drive Vehicles Market Research Report
Europe Four Wheel Drive Vehicles Market Research Report
Asia Pacific Four Wheel Drive Vehicles Market Research Report
India Four Wheel Drive Vehicles Market Research Report

 

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