The research report titled, “Europe 4WD and AWD Light Vehicle Industry Situation and Prospects Research report” is a professional and comprehensive study on the current state of the 4WD and AWD Light Vehicle industry. It offers an in depth analysis of the industry to its users focusing well on the integrity of logic and comprehensiveness of contents. It basically provides an outlay of this industry including specific definitions, classifications, applications and industry chain structure. It also deals well with the market analysis for all the major international players including development history, competitive landscape analysis, and major regions’ development status such that a transparent picture of the industry is known to the users.
Four wheel drive and all-wheel drive vehicles have become very famous across the globe in the last decade and most of the significant manufacturers have launched ‘crossover’ vehicles in order to take benefits of public’s obsession with SUVs.
In AWD system, the power is usually transmitted to all the wheels of the vehicle to boost the traction and control of the vehicle while in a 4WD system, the driver can generally decide the wheels in which the torque has to be sent and such systems are both electronically and manually actuated. More and more cars are coming up in the industry offering such wheel drive trains, be it: high-performance sports cars or luxury sedans or family-oriented people-movers.
The industry is majorly divided by (a) Product Types, with production, revenue, price, and market share and growth rate of each type which is further split into- 4WD and AWD; and (b) by applications, focusing on the consumption, market share and growth rate of 4WD and AWD Light Vehicle in each application, which in turn includes: Outdoor Travel, Racing Game and Other. All the development policies and plans related to these types are well discussed in the report along with the functional manufacturing processes and cost structures.
The 4WD and AWD Light Vehicle Industry in Europe market majorly caters to the countries namely- Germany, Russia, UK, France, and Italy focusing on the major manufacturers, with production, price, revenue and market share for each manufacturer, and the market players namely include: Alfa Romeo, American Axle & Manufacturing, Audi, BMW, Bentley, BorgWarner Inc., Dana Holding Corporation, Fiat, Ford, GKN Plc, Honda, JTEKT Corporation, Jeep, Kia, Land Rover, Lexus, Magna International Inc., Mazda, Mercedes-Benz, Mitsubishi, Nissan, Porsche, Subaru and Suzuki.
It has been witnessed that the automotive industry of this continent has emerged in terms of its powertrain, drivetrain, safety, and stability in the recent years and the rise in awareness for active safety amongst the buyers has aided in spurring the demand for various in-built safety features in a vehicle. With reasons like: augmentation of the per capita income and development of infrastructures coupled with flourishing economies; the demand for such comfort, luxury, and driving dynamics has bolstered over the years and is even set to ameliorate further as the years pass by.
Also, the increased needs for overall safety and enhanced driving systems in Europe have managed to push the Original Equipment Manufacturers to come up with systems which are able to cater to the upcoming demands of the society. The latest instances of such systems which have been fruitful in enhancing the stability of vehicles with increased power and fuel efficiency are- 4X4 drive (or 4-wheel drive – 4WD) and all-wheel drive (AWD) systems wherein the main drivers for such multi-wheel drive systems market include: the mushrooming demands for SUVs across the globe, unfavorable terrain for safe driving, extreme climatic conditions and surging demands for enriched safety, stability, and performance.
In the years to proceed, the blossoming demand for luxury cars in Europe is expected to drive the 4WD and AWD light vehicle market. Moreover, with the constant support of sustainable growth in the multi-wheel drive systems, market penetration to a much larger extent will be experienced in future especially in developed regions like Europe. Consequently, the relevant linkages between demand, investment, trade and productivity will embolden global growth along with overall investments in the industry and thus, the global market for such multi-wheel drive systems is anticipated to evolve at a decent CAGR of 8.35% by 2020.
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Ankur Gupta, Head Marketing & Communications