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Global Four Wheel Drive Vehicle market 2015-2019

Four Wheel Drive Vehicle Sector: Worldwide Forecast until 2019

  • December 2015
  • 64 pages
  • ID: 3546972
In this report:
The global standard ##WD vehicle market shipped ##.## million units in 2014 and is expected to ship ##.## million units by 2019, growing at a CAGR of ##.##%.
The global light vehicle market shipped about ##.## million units in 2014 and is expected to ship ##.## million units by 2019, growing at a CAGR of ##.##%.

Summary

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Overall four wheel drive vehicle market outlook

Technavios market research analysts estimate four wheel drive (4WD) vehicle shipments to cross over 7 million, in terms of unit sales by 2019. The growing demand for sports utility vehicles fitted with MWD propels the increase of this market.

In the automotive sector in China (CN), SUVs are the fastest-growing vehicle segment. The increasing demand for these vehicles among the emerging middle class drives the industry demand for 4WDs. As per this forecast, the industry is predicted to witness rised adoption of 4WDs in hybrid vehicles until 2019. For example, GKN Automotive is designing and developing advanced drivetrain technologies to support hybrid electric vehicles.

Issues concerning four wheel drive

Vehicles equipped with 4WDs are susceptible to high maintenance costs. The vehicle offers lower mileage compared to vehicles fitted with 2WD systems.

The utility of a 4WD vehicle is best realized when driven on rugged terrains. But their tires and brakes wear out rapidly and therefore it necessitates periodic changes of differential fluids. If these vehicles are constantly driven in rough conditions, the span between general maintenance is farther shortened.

In the current price-sensitive sector, consumers look for vehicles that give them maximum value for money. Therefrom, it has become arduous for manufacturers to shift this cost pressure onto clients. As per this market forecast, manufacturers are predicted to keep their margins low through 2019.

The growth of the overall standard 4WD vehicle sector is anticipated to be fueled by the steady growth of the overall light vehicle sector. The steady demand of light vehicles in emerging economies is anticipated to account for over 60.0 percent of the global automobile sales by 2019.

Market segmentation of 4WDs by area

Asia-Pac

Americas

Europe, Middle East and Africa (EMEA)

The overall 4WD vehicle sector is well diversified across all geographies, with the whole Americas holding the main share of the sector presently. The sector in the whole Americas is primarily based in core markets including the US, Brazil (BR), and Canada (CA). The Americas ids succeeded by the Asia-Pacific.

Leading vendor analysis of the overall 4WD sector

The overall 4WD vehicle sector is leaded by, is monopolized by different worldwide players that are expanding their footprint in developing nations of the APAC region. During the outlook period, market dealers are anticipated to increase their focus on matching strict fuel efficiency standards. The other main merchants of this sector contain Audi, Chevrolet, FIAT, HONDA, Nissan, PSA, Skoda, TATA, Toyota, and Volkswagen.

What are the main questions answered?

What are the most significant drivers yielding the overall 4WD sector

What are the main projections/trends in this sector/market? impacting the growth of the overall 4WD sector

What are the different opportunities and segment risks faced by the sellers in the overall 4WD sector

Trending factors influencing the market shares for the overall 4WD sector

Market shares for Asia-Pac, Americas, and Europe (EU)

Key outcome of the Porter 5 forces analysis on the overall 4WD sector

Growth forecast of the overall 4WD sector

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