21.09.2021 16:50

New Study from StrategyR Highlights a 12.4 Million Units Global Market for Commercial Vehicle Transfer Case by 2026

Folgen
Werbung

SAN FRANCISCO, Sept. 21, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Commercial Vehicle Transfer Case - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

Global Market for Commercial Vehicle Transfer Case

FACTS AT A GLANCE
Edition: 9; Released: September 2021
Executive Pool: 1623
Companies: 32 - Players covered include American Axle & Manufacturing Inc.; BorgWarner, Inc.; CARDONE Industries; Dorman Products, Inc.; GKN Aerospace; Magna International, Inc.; Powertrain Industries, Inc.; Univance Corporation; ZF Friedrichshafen AG and Others.
Coverage: All major geographies and key segments
Segments: Application (LCV, M&HCV)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Complimentary Project Preview - This is an ongoing global program. Preview our research program before you make a purchase decision. We are offering a complimentary access to qualified executives driving strategy, business development, sales & marketing, and product management roles at featured companies. Previews provide deep insider access to business trends; competitive brands; domain expert profiles; and market data templates and much more. You may also build your own bespoke report using our MarketGlass™ Platform which offers thousands of data bytes without an obligation to purchase our report. Preview Registry

ABSTRACT-

Global Commercial Vehicle Transfer Case Market to Reach 12.4 Million Units by the Year 2026
A specialized component used on all-wheel drive (AWD) or four-wheel drive (4WD) vehicles is known as a transfer case. It is useful on vehicles that use both rear and front axles for driving. A transfer case splits up engine power and transfers it to all the four wheels using rear and front axles. Increasing demand for safety, fuel efficiency, ability to tow for light trucks and SUVs, and traction in severe weather conditions have been the major factors driving the transfer case market growth. Growth is also being driven by increasing commercial vehicle production and the implementation of stringent fuel-efficiency standards and emission norms in several countries around the world. Rising commercial vehicle demand and improving affordability of innovative and advance system in developing countries such as China, Brazil, India and Mexico are expected to significantly contribute towards the vehicle transfer case market growth. The most prominent trend in the market for transfer cases currently is the rising demand for lightweight cases. There has been a steady rise in demand for 4WD and AWD in premium sedans and SUVs, which emerged as one of the chief growth promoting factor for the market for transfer cases. Growing sales of PHEVs and HEVs promoted by improving charging infrastructure is also fueling market growth.

Amid the COVID-19 crisis, the global market for Commercial Vehicle Transfer Case estimated at 10.4 Million Units in the year 2020, is projected to reach a revised size of 12.4 Million Units by 2026, growing at a CAGR of 3% over the analysis period. LCV, one of the segments analyzed in the report, is projected to grow at a 3.3% CAGR to reach 9 Million Units by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the M&HCV segment is readjusted to a revised 2.2% CAGR for the next 7-year period. This segment currently accounts for a 31% share of the global Commercial Vehicle Transfer Case market. Factors such as increasing inter-city and construction activities that involve transportation of materials and individuals contribute to growth in the LCV segment.

The U.S. Market is Estimated at 5.2 Million Units in 2021, While China is Forecast to Reach 2.1Million Units by 2026
The Commercial Vehicle Transfer Case market in the U.S. is estimated at 5.2 Million Units in the year 2021. The country currently accounts for a 48.3% share in the global market. China, the world's second largest economy, is forecast to reach an estimated market size of 2.1 Million Units in the year 2026 trailing a CAGR of 4.3% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2% and 2.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2% CAGR while Rest of European market (as defined in the study) will reach 2.2 Million Units by the end of the analysis period. In North America, the growing number of manufacturing operations is anticipated to drive the demand for commercial vehicles, which is anticipated to drive the commercial vehicle transfer case market in the region. Asia-Pacific is a major market for transfer cases owing to the adoption of stringent emission norms and the rapid buildout of charging infrastructure. More

MarketGlass™ Platform
Our MarketGlass™ Platform is a free full-stack knowledge center that is custom configurable to today`s busy business executive`s intelligence needs! This influencer driven interactive research platform is at the core of our primary research engagements and draws from unique perspectives of participating executives worldwide. Features include - enterprise-wide peer-to-peer collaborations; research program previews relevant to your company; 3.4 million domain expert profiles; competitive company profiles; interactive research modules; bespoke report generation; monitor market trends; competitive brands; create & publish blogs & podcasts using our primary and secondary content; track domain events worldwide; and much more. Client companies will have complete insider access to the project data stacks. Currently in use by 67,000+ domain experts worldwide.

Our platform is free for qualified executives and is accessible from our website www.StrategyR.com or via our just released mobile application on iOS or Android

About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: ZA@StrategyR.com

LINKS
Join Our Expert Panel
https://www.strategyr.com/Panelist.asp

Connect With Us on LinkedIn
https://www.linkedin.com/company/global-industry-analysts-inc./

Follow Us on Twitter
https://twitter.com/marketbytes

Journalists & Media
Info411@strategyr.com

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/new-study-from-strategyr-highlights-a-12-4-million-units-global-market-for-commercial-vehicle-transfer-case-by-2026--301380514.html

SOURCE Global Industry Analysts, Inc.

Jetzt kostenlos anmelden!

Die Angebote, um in den Krypto-Handel einzusteigen, werden immer zahlreicher. Ob Krypto-ETFs oder Zertifikate: Wie auch Sie die neuen renditestarken Möglichkeiten des Krypto-Handels für sich nutzen können, erfahren Sie heute live um 18 Uhr im Online-Seminar.
Jetzt kostenlos anmelden!
Werbung
Werbung
Werbung
Werbung
Börse Stuttgart Anlegerclub
Werbung

Heute im Fokus

DAX zurückhaltend -- Linde erhöht erneut Gewinnziel für 2021 -- VW von Chip-Engpässen belastet -- Airbus erhöht Jahresprognose für Adjusted EBIT und Cashflow -- Beiersdorf, Ford, eBay im Fokus

WACKER CHEMIE bestätigt nach starkem Quartal die Prognose. Nemetschek erhöht Gewinn und wird erneut optimistischer. Ford hebt Ziele trotz Chipkrise an. Porsche macht deutlich mehr Gewinn. Lieferkettenprobleme lasten auf LPKF. TRATON senkt Ergebnisprognose. Shell im dritten Quartal von Folgen des Hurrikans beeinträchtigt. SUSE kauft Spezialisten für Sicherheits-Software.

Umfrage

Würden Sie eine verpflichtende Corona-Impfung gutheißen?

finanzen.net zero
finanzen.net zero

Oskar

ETF-Sparplan

Oskar ist der einfache und intelligente ETF-Sparplan. Er übernimmt die ETF-Auswahl, ist steuersmart, transparent und kostengünstig.
Zur klassischen Ansicht wechseln