Automotive Multi-Wheel Drive Market by Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles), by Transmission Type (Manual MWD, Automatic MWD), by Wheel Drive Type (AWD, 4WD), Key Players and Region – Industry Outlook to 2028.
According to the latest report by IMARC Group, the global automotive multi-wheel drive market size reached 15.9 Million Units in 2022. Looking forward, IMARC Group expects the market to reach 21.0 Million Units by 2028, exhibiting a growth rate (CAGR) of 4.5% during 2023-2028.
Automotive multi-wheel drive (MWD) refers to a system in which a vehicle’s engine supplies equal power to all its tires. Also known as all-wheel drive (AWD), it does not require any driver intervention to activate all the wheels and constantly remains active. In this system, sensors are installed on each wheel to monitor traction, speed and several other data points. Unlike a four-wheel drive (4WD), a multi-wheel drive uses a center differential to send a variable amount of torque to each axle, the rod passing through the center of a wheel. This allows the front and rear wheels to rotate at the same speed, which improves stability and traction of the automobile.
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Global Automotive Multi-Wheel Drive Market Trends:
Automotive multi-wheel drive systems offer various advantages, such as better weight management, safety and traction; and increased control and grip under all road conditions. These features have prompted automobile companies to employ these systems in various premium and multi-utility vehicles such as sedans, wagons, crossovers and SUVs. Nowadays, several electric cars, including the Jaguar I-Pace and the Audi e-tron, also have all-wheel drive systems. Further, advancements in technology have led to the introduction of more intelligent systems which automatically change to the rear or front wheel drive based on the requirement.
Moreover, leading automotive companies are introducing multi-wheel drive vehicles with latest AWD coupling equipped with an integrated electronic control unit (ECU) to provide the desired driving characteristics. For instance, BorgWarner has produced the fifth generation (GenV) all-wheel drive (AWD) technology with a compact and lightweight design. This system provides easy integration into the drivetrain and high torque accuracy for improved fuel economy.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global automotive multi-wheel drive market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on vehicle type, transmission type and wheel drive type.
Breakup by Vehicle Type:
- Passenger Cars
- Light Commercial Vehicles
- Heavy Commercial Vehicles
Based on the vehicle type, the market has been segmented into passenger cars, light commercial vehicles and heavy commercial vehicles. Amongst these, passenger cars currently represent the biggest segment.
Breakup by Transmission Type:
- Manual MWD
- Automatic MWD
Based on the transmission type, the market has been segregated as manual MWD and automatic MWD. Currently, manual MWD represents the leading segment.
Breakup by Wheel Drive Type:
- Front-wheel Drive (FWD)
- Rear-wheel Drive (RWD)
- Four-wheel Drive (4WD)/All-wheel Drive (AWD)
Based on wheel drive type, the market is categorized as front-wheel drive (FWD), rear-wheel drive (RWD) and four-wheel drive (4WD)/all-wheel drive (AWD).
Breakup by Region:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Region-wise, the report has analyzed Asia Pacific, North America, Europe, Middle East and Africa, and Latin America.
The competitive landscape of the market has also been examined with some of the key players being Borg Warner Inc, Continental AG, ZF Friedrichshafen AG, JTEKT Corporation, Magna International Inc., American Axle & Manufacturing Inc., Eaton Corporation Inc., GKN Plc, Dana Incorporated, Oerlikon Group and Mitsubishi Motors Corporation.
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