Transfer Case Market

Transfer Case Overview

Transfer Case Market size is forecast?to reach $25.4 billion by 2026, at a CAGR of 8.7%?during 2021-2026. Increased popularity of all-wheel drive vehicle (AWD vehicle) and four-wheel-drive, rising effort by automotive manufacturers to enhance fuel efficiency, the growing need of low range gears and chain drive, and increased demand for electric and hybrid vehicles are expected to accelerate the transfer case market during forecast period. In 2019, The U.S. Department of Transportation (DoT) and EPA proposed to amend the existing Corporate Average Fuel Economy (CAFE) standards to improve the safety and fuel economy of automobiles. This new amendment is likely to bring stricter regulation for automotive OEMs to minimize societal costs and reduce highway fatalities. Such regulations are likely to increase the demand for drivetrain electrification, thereby accelerating the demand for transfer case.

Report Coverage

The transfer case market report:?“Transfer Case Industry Outlook– Forecast (2021-2026)”,?by IndustryARC, covers an in-depth analysis of the following segments of the Transfer Case Market.

By Wheel drive Type:?All-wheel drive, Four-wheel drive.

By Drive type:?Chain driven, gear driven.

By Type:??Manual Shift on the Fly, Electronics Shift on the Fly.

By Vehicle Type:?Passenger Vehicle, Light Commercial Vehicle, Heavy Commercial Vehicle, Off-Highway Vehicle.

By Geography?- North America (U.S, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands and Others), APAC (China, Japan India, South Korea, Australia, Indonesia, Malaysia and Others), outh America(Brazil, Argentina, Chile, Colombia and others), and RoW (Middle east and Africa).

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Key Takeaways

• Asia-Pacific dominates the Transfer Case industry owing to rising production of automobiles and stringent regulatory norm on reducing environmental footprints and energy consumption.
• Increasing demand for electric and hybrid vehicles, particularly for Four wheel drive, and the ban on diesel and gasoline vehicles is expected to create favorable market for transfer case in passenger vehicle segment.
• Increasing adoption of sustainable and environment friendly automotive components and implementation of stringent government regulations related to automobile emissions will increase the market demand for transfer case during forecast period.
• Sharp decline in the sales of passenger car production in United States and other developed markets will hinder the growth of transfer case market.?