The market research analysts estimate four wheel
drive (4WD) vehicle shipments to cross over 7 million, in terms of unit sales
by 2019. The rising demand for sports utility vehicles (SUVs) fitted with MWD
propels the growth of this market.
In the automotive market in China, SUVs are the
fastest-growing vehicle segment. The growing demand for these vehicles among
the emerging middle class drives the demand for 4WDs. As per this forecast, the
market is predicted to witness increased adoption of 4WDs in hybrid vehicles
until 2019. For instance, GKN Automotive is designing and developing advanced
drivetrain technologies to support hybrid electric vehicles (EVs).
Issues
concerning four wheel drive
Vehicles equipped with 4WDs are susceptible to high
maintenance costs. The vehicle provides 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 quickly and
therefore it necessitates periodic changes of differential fluids. If these
vehicles are constantly driven in rough conditions, the span between general
maintenance is further shortened.
In the current price-sensitive market, customers look
for vehicles that give them maximum value for money. Hence, it has become
difficult for manufacturers to shift this cost pressure onto customers. As per
this market forecast, manufacturers are predicted to keep their margins low
through 2019.
Market
segmentation by vehicle type
- Standard 4WD
- Premium 4WD
The growth of the global standard 4WD vehicle market
is expected to be fueled by the steady growth of the global light vehicle
market. The steady demand of light vehicles in emerging economies is expected
to account for over 60% of the overall automobile sales by 2019.
Market
segmentation of 4WDs by geography
- APAC
- Americas
- EMEA
The global 4WD vehicle market is well diversified
across all geographies, with the Americas holding the major share of the market
currently. The market in the Americas is mainly based in core markets such as
the US, Brazil, and Canada. The Americas ids followed by the APAC.
Leading vendor
analysis of the global 4WD market
- BMW
- Dacia
- Daimler
- GM
- Hyundai
- Land Rover
- Volvo
The global 4WD vehicle market is dominated by several
international players that are expanding their footprint in developing nations
of the APAC region. During the forecast period, market vendors are anticipated
to increase their focus on matching stringent fuel efficiency standards. The
other prominent vendors of this market include Audi, Chevrolet, FIAT, HONDA,
Nissan, PSA, Skoda, TATA, Toyota, and Volkswagen.
Key questions
answered in the report
- What are the key factors driving the global 4WD market
- What are the key market trends impacting the growth of the global 4WD market
- What are the various opportunities and threats faced by the vendors in the global 4WD market
- Trending factors influencing the market shares for the global 4WD market
- Market shares for APAC, Americas, and Europe
- Key outcome of the five forces analysis on the global 4WD market
- Growth forecast of the global 4WD market
Spanning over 64 pages “Global Four Wheel Drive Vehicle market 2015 - 2019” report
covers Executive summary, Scope of the report, Market research methodology,
Introduction, Market Landscape, Market segmentation by vehicle type,
Geographical segmentation, Market drivers, Impact of drivers, Market
challenges, Impact of drivers and challenges, Market trends, Vendor landscape,
Key vendor analysis, Appendix.
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report at: http://www.marketresearchreports.com/automotive
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