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(Transportation-News.com, January 14, 2016 ) Global four wheel drive vehicle market outlook
New 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.
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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
Technavio also offers customization on reports based on specific client requirement.
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Table of Contents
PART 01: Executive summary
Highlights
PART 02: Scope of the report
Market overview
Top-vendor offerings
PART 03: Market research methodology
Research methodology
Economic indicators
PART 04: Introduction
Key market highlights
PART 05: Market landscape
Global 4WD vehicle market
Market size and forecast
Five forces analysis
PART 06: Market segmentation by vehicle type
Market overview
Global standard 4WD vehicle market
Market size and forecast
Global premium 4WD vehicle market
Market size and forecast
PART 07: Geographical segmentation
Global 4WD vehicle market
4WD vehicle market in Americas
4WD vehicle market in APAC
4WD vehicle market in EMEA
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
Competitive scenario
Other prominent vendors
PART 14: Key vendor analysis
BMW
Dacia
Daimler
GM
Hyundai
Jaguar Land Rover
Volvo
PART 15: Appendix
List of abbreviation
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