The Transfer Case Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
Learn More On The Transfer Case Market:
https://www.thebusinessresearchcompany.com/report/transfer-case-global-market-report
According to The Business Research Company’s Transfer Case Global Market Report 2024, The transfer case market size is expected to see strong growth in the next few years. It will grow to $20.75 billion in 2028 at a compound annual growth rate (CAGR) of 9.4%. The growth in the forecast period can be attributed to increasing demand for SUVs and light trucks, growing adoption of all-wheel drive systems in passenger vehicles, expanding off-road recreational activities, rising global automotive production, increasing consumer preference for vehicles with enhanced traction and stability features, and increasing strict fuel efficiency regulations. Major trends in the forecast period include advancements in transfer case technology, advancements in electronic control systems, development of lightweight and durable materials, integration of smart technologies for enhanced vehicle control, and development of compact and modular designs.
The increase in sales of sport utility vehicles (SUVs) is expected to propel the growth of the transfer case market going forward. Sport utility vehicles are a type of vehicle that merges the characteristics of passenger cars and off-road vehicles, featuring higher ground clearance and four-wheel drive. Sport utility vehicle sales have surged due to consumers favoring spacious, comfortable vehicles with better fuel efficiency, advanced safety features, and versatile driving experiences. A transfer case enhances sport utility vehicles (SUVs) by distributing power to the front and rear axles, improving traction, stability, and off-road capability in various driving conditions. For instance, in December 2021, according to the International Energy Agency, a France-based intergovernmental organization, global sport utility vehicle sales showed remarkable resilience, increasing by more than 10% between 2020 and 2021. Additionally, 8.1 million SUVs were registered in the US in 2020, which rose to 8.6 million in 2021. Therefore, the increase in sales of sport utility vehicles (SUVs) is driving the growth of the transfer case market.
Get A Free Sample Of The Report (Includes Graphs And Tables):
https://www.thebusinessresearchcompany.com/sample.aspx?id=17282&type=smp
The transfer case market covered in this report is segmented –
1) By Type: All-Wheel Drive (AWD), Four-Wheel Drive Vehicles (4WD)
2) By Drive Type: Chain Driven, Gear Driven
3) By Shift Type: Manual Shift On The Fly (MOSF), Electronic Shift on the Fly (ESOF)
4) By Casing Material: Cast Iron, Cast Aluminum
5) By Application: Passenger Car, Light Commercial Vehicles (LCV), Heavy Commercial Vehicles (HCV), Hybrid Electric Vehicle (HEV), Plug-In Hybrid Electric Vehicles (PHEVs)
Major companies operating in the transfer case market are developing electric transfer cases to enhance the efficiency and performance of all-wheel-drive and four-wheel-drive systems in electric vehicles (EVs). An electric transfer case uses electronic controls to distribute power between the front and rear wheels, enhancing vehicle performance and fuel efficiency. For instance, in November 2022, Nissan, a Japan-based automotive manufacturer, introduced its e-4ORCE all-wheel drive system. This system features twin electric motors that provide instant torque to all four wheels and advanced torque vectoring technology, which ensures stable handling and smooth acceleration. The e-4ORCE system enhances driving dynamics and energy efficiency, making it ideal for electric and hybrid vehicles. The e-4ORCE system uses dual electric motors, one powering the front wheels and one powering the rear wheels, to provide precise, independent control of each wheel. The system also incorporates regenerative braking to convert kinetic energy into electrical energy during deceleration.
The transfer case market report table of contents includes:
1. Executive Summary
2. Transfer Case Market Characteristics
3. Transfer Case Market Trends And Strategies
4. Transfer Case Market – Macro Economic Scenario
5. Global Transfer Case Market Size and Growth
…..
32. Global Transfer Case Market Competitive Benchmarking
33. Global Transfer Case Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Transfer Case Market
35. Transfer Case Market Future Outlook and Potential Analysis
36. Appendix
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
