Automotive Rear Drive Units Market: Introduction
- Automotive rear drive unit is the transmission/ differential fitted on the rear axle of the vehicle. Adoption of the rear drive unit improves vehicle handling, braking, and acceleration. Electric vehicles have an electric motor placed along with transmission in the rear drive unit.
Key Drivers of Global Automotive Rear Drive Units Market
- Traditionally, passenger cars are front-wheel drive vehicles. However, the shift of consumer preference from sedans to SUVs, which are 4WD & AWD, has fueled the adoption of rear drive units.
- Increase in consumer demand for comfortable ride, safety, and vehicle stability is boosting the adoption of rear drive units, which in turn is driving the automotive rear drive units market
- Rise in trend of vehicle electrification and consumer demand for fuel-efficient vehicles has boosted the adoption of hybrid and electric vehicles. Increasing production of electric vehicles has spurred the integration of electric drive units on the rear axle, which in turn is booting the automotive rear drive units market
Challenges to Global Automotive Rear Drive Units Market
- Passenger vehicles, which are mostly 4WD & AWD, are generally more expensive than conventional two wheel drive vehicles. Therefore, price is a major factor restraining the rear drive units market.
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Electric drive units segment to expand considerably
- Electric drive units are a single packaged unit comprising an induction motor, differential, and a DC to AC inverter. Electric drive units are compact and lightweight to offset the additional load of the electric batteries. Electric drive units are single-speed or two-speed and several electric automakers, such as Tesla, prefer to incorporate the drive in the rear axle and hence, exclusively use electric drive units. Demand for electric drive units is anticipated to increase significantly as every automaker has a line-up of electric vehicles to be launched.
Passenger vehicle segment expected to expand significantly
- SUVs and compact SUVs are generally 4WD & AWD vehicles. SUVs contribute to majority sales of passenger vehicles and the preference for SUVs is rising among younger consumers, which in turn is propelling the adoption of rear drive units. Therefore, the passenger vehicle segment is estimated to expand significantly during the forecast period
North America to hold a leading share of global automotive rear drive units market
- North America held a leading share of the global automotive rear drive units market in 2019. More than 45% of the total passenger vehicles sold in the U.S are SUVs. Furthermore, North America has high demand for pick-up trucks, which are primarily rear-wheel drives. Thus, North America accounts for a leading share of the global automotive rear drive unit market.
Key Players Operating in Global Automotive Rear Drive Units Market
A few of the key players operating in the global automotive rear drive units market are:
- Continental AG
- Aisin Seiki. Co. Ltd.
- Robert Bosch GmbH
- GKN plc
- Eaton
- Schaeffler AG
- ZF Friedrichshafen AG
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Global Automotive Rear Drive Units Market: Research Scope
Global Automotive Rear Drive Units Market, by Drive Type
- Conventional
- Electric
Global Automotive Rear Drive Units Market, by Vehicle Type
- All-Wheel Drive
- Four-Wheel Drive
Global Automotive Rear Drive Units Market, by Vehicle Class
- Passenger Vehicle
- Light Commercial Vehicle
- Heavy Commercial Vehicle
Global Automotive Rear Drive Units Market, by Sales Channel
- OEM
- Aftermarket
Global Automotive Rear Drive Units Market, by Region
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Russia & CIS
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- ASEAN
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
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