Global Automotive differential Market (Business Opportunities - Investment)

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Global Automotive differential Market


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Global Automotive Differential Market was valued US$ 22.83 Bn in 2018 and is expected to reach US$ XX Bn by 2026, at a CAGR of XX % during a forecast period.

Global Automotive differential Market

The report contains a detailed list of factors that will drive and restrain the growth of the Automotive Differential market. The automotive differential allows the wheels to rotate at different speeds while turning, as the outer wheels have to cover a larger circumference resulting in smooth turning.

Strong demand for crossovers and SUVs across the U.S. and Europe owing to comfortable rides and extra boot space is the key factor for the growth of the automotive differential market. Moreover, simple design, quiet and smooth operation and no requirement of friction modifiers by limited-slip differentials are expected to drive the market of automotive differential over the next decade.

The rise in demand for a limited-slip differential is one of the major trends that will drive the market for differential during the forecast period. Limited sensitivity of electronic control unit (ECU) differentials through delay in response time actuators and time caused by sensors are the factors hindering the growth of the global automotive differential market over the forecast period. Growing inclination towards all-wheel and four-wheel drives integrated vehicles in Asian countries has increased the popularity of off-road vehicles and sports cars.


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Last Update : 25 September 2020
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Item  Owner  : ashwini
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2020-11-27 (0.072 sec)