Four-Wheel Drive Vehicles (4WD) Market: 2019 Global Industry Size, Share, Trends, Growth Application, Emerging Demand And Opportunity Forecast To 2023
Market Research Future published a research report on global four-wheel drive vehicles Market. The four-wheel drive vehicles market is expected to grow at ~ 6% CAGR during the period 2017 to 2023.
Market Highlights
Four-wheel drive vehicles also contribute in the generation of revenue from tourist’s heritage as the four-wheel drive vehicle provides extensive benefits while visiting desert areas. However, vehicles with four-wheel drives need high maintenance costs. These vehicles offer low mileage as compared to vehicles, which are fitted with the two-wheel drive systems. The four-wheel drive vehicle is best when driven on rugged terrains. But the tires and brakes of these vehicles wear out quickly and generate the need of changing of differential fluids, periodically.
The market is highly price sensitive. Customers prefer vehicles that provide the maximum value for money. At the same time, the cost of four-wheel drive systems increases the cost of the automobile. Therefore, to focus on achieving cost efficiency, is a major objective of the manufacturers.
Access Report Details @ https://www.marketresearchfuture.com/reports/four-wheel-drive-vehicles-market-5832
Market Research Analysis
On the basis of end-use, the market has been segmented as road racing, heavy trucks, and construction equipment. Amongst these, the heavy trucks segment is expected to grow the highest over the forecast period. Heavy trucks are considered LCVs with open cargo areas at their rear. The heavy trucks have off-road capabilities with differently tuned transmission, suspension systems and engines. The increase in demand for heavy trucks in countries such as U.S., Canada, and China are contributing in the growth of the automotive four-wheel drive vehicles market. The global automotive four-wheel drive vehicle market is also witnessing growth due to the increase in personal use of these vehicles.
On the basis of application, the market has been segmented as HCV and Sports utility Velicles (SUVs). The boom in the sales of SUVs, globally is expected to drive the market for four-wheel drive systems for automotive. Their growing popularity and increase in use for personal purposes is driving the growth of the SUV segment in the global four-wheel drive vehicles market.
Scope of the Report
This study provides an overview of the global four-wheel drive vehicles market, tracking three market segments across four geographic regions. The report studies key players, providing a six year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global four-wheel drive vehicles market by product type, application, end use and regions.
The prominent players in the four-wheel drive vehicles market include Daimler AG (Germany), Mitsubishi Motors Corporation (Japan), BMW (Germany), Toyota Motor Corporation (Japan), Ford Motor Company (U.S.), and Groupe Renault (France). Tata Motors Limited (India), Hyundai Motor Company (South Korea), Volkswagen AG (Germany), Volvo (Sweden), Fiat S.p.A (Italy), Nissan Motor Company Ltd (Japan), and Honda Motor Company, Ltd. (Japan) are among others.
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About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Market Highlights
Four-wheel drive vehicles also contribute in the generation of revenue from tourist’s heritage as the four-wheel drive vehicle provides extensive benefits while visiting desert areas. However, vehicles with four-wheel drives need high maintenance costs. These vehicles offer low mileage as compared to vehicles, which are fitted with the two-wheel drive systems. The four-wheel drive vehicle is best when driven on rugged terrains. But the tires and brakes of these vehicles wear out quickly and generate the need of changing of differential fluids, periodically.
The market is highly price sensitive. Customers prefer vehicles that provide the maximum value for money. At the same time, the cost of four-wheel drive systems increases the cost of the automobile. Therefore, to focus on achieving cost efficiency, is a major objective of the manufacturers.
Access Report Details @ https://www.marketresearchfuture.com/reports/four-wheel-drive-vehicles-market-5832
Market Research Analysis
On the basis of end-use, the market has been segmented as road racing, heavy trucks, and construction equipment. Amongst these, the heavy trucks segment is expected to grow the highest over the forecast period. Heavy trucks are considered LCVs with open cargo areas at their rear. The heavy trucks have off-road capabilities with differently tuned transmission, suspension systems and engines. The increase in demand for heavy trucks in countries such as U.S., Canada, and China are contributing in the growth of the automotive four-wheel drive vehicles market. The global automotive four-wheel drive vehicle market is also witnessing growth due to the increase in personal use of these vehicles.
On the basis of application, the market has been segmented as HCV and Sports utility Velicles (SUVs). The boom in the sales of SUVs, globally is expected to drive the market for four-wheel drive systems for automotive. Their growing popularity and increase in use for personal purposes is driving the growth of the SUV segment in the global four-wheel drive vehicles market.
Scope of the Report
This study provides an overview of the global four-wheel drive vehicles market, tracking three market segments across four geographic regions. The report studies key players, providing a six year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global four-wheel drive vehicles market by product type, application, end use and regions.
- By Product Type
- Standard 4WD
- Premium 4WD
- By Application
- HCV
- SUV
- By End-Use
- Road racing
- Heavy trucks
- Construction equipment
- By Regions
- North America
- Asia Pacific
- Europe
- Rest of the World
The prominent players in the four-wheel drive vehicles market include Daimler AG (Germany), Mitsubishi Motors Corporation (Japan), BMW (Germany), Toyota Motor Corporation (Japan), Ford Motor Company (U.S.), and Groupe Renault (France). Tata Motors Limited (India), Hyundai Motor Company (South Korea), Volkswagen AG (Germany), Volvo (Sweden), Fiat S.p.A (Italy), Nissan Motor Company Ltd (Japan), and Honda Motor Company, Ltd. (Japan) are among others.
Related Report:
Automotive Airbag Inflator Market Report by Inflator Type (Stored Gas, Pyrotechnic, Hybrid, Cold Gas Inflator, Hot Gas Inflator), Airbag Position (Knee, Side, Frontal, External, Curtain), Vehicle Type (Passenger Vehicle, LCV and HCV), and Region.
Related Report:
Automotive Engine Valves Market Information Report by Technology (Tappet Valves, Spring Return Valves, Desmodromic Valves, Quattrovalvole Valves), Fuel Type (Gasoline and Diesel), Vehicle Type (Passenger Car and Commercial Vehicle), and Region.
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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