Le Lézard
Classified in: Tourism and vacations, Transportation, Covid-19 virus
Subject: MRR

Global Commercial Vehicle Transfer Case Market Report 2021-2026 - Healthy Outlook for All-Wheel Drive (AWD) & Four Wheel Drive (4WD) Vehicles Bodes Well for Market Growth

DUBLIN, Jan. 20, 2022 /PRNewswire/ -- The "Commercial Vehicle Transfer Case - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.


Global Commercial Vehicle Transfer Case Market to Reach 12.4 Million Units by the Year 2026

Increasing demand for safety, fuel efficiency, ability to tow for light trucks and SUVs, and traction in severe weather conditions have been the major factors driving the transfer case market growth.

Growth is also being driven by increasing commercial vehicle production and the implementation of stringent fuel-efficiency standards and emission norms in several countries around the world. Rising commercial vehicle demand and improving affordability of innovative and advance system in developing countries such as China, Brazil, India and Mexico are expected to significantly contribute towards the vehicle transfer case market growth.

The most prominent trend in the market for transfer cases currently is the rising demand for lightweight cases. There has been a steady rise in demand for 4WD and AWD in premium sedans and SUVs, which emerged as one of the chief growth promoting factor for the market for transfer cases. Growing sales of PHEVs and HEVs promoted by improving charging infrastructure is also fueling market growth.

Amid the COVID-19 crisis, the global market for Commercial Vehicle Transfer Case estimated at 10.4 Million Units in the year 2020, is projected to reach a revised size of 12.4 Million Units by 2026, growing at a CAGR of 3% over the analysis period.

LCV, one of the segments analyzed in the report, is projected to grow at a 3.3% CAGR to reach 9 Million Units by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the M&HCV segment is readjusted to a revised 2.2% CAGR for the next 7-year period.

This segment currently accounts for a 31% share of the global Commercial Vehicle Transfer Case market. Factors such as increasing inter-city and construction activities that involve transportation of materials and individuals contribute to growth in the LCV segment.

The U.S. Market is Estimated at 5.2 Million Units in 2021, While China is Forecast to Reach 2.1 Million Units by 2026

The Commercial Vehicle Transfer Case market in the U.S. is estimated at 5.2 Million Units in the year 2021. The country currently accounts for a 48.3% share in the global market. China, the world's second largest economy, is forecast to reach an estimated market size of 2.1 Million Units in the year 2026 trailing a CAGR of 4.3% through the analysis period.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2% and 2.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2% CAGR while Rest of European market (as defined in the study) will reach 2.2 Million Units by the end of the analysis period.

In North America, the growing number of manufacturing operations is anticipated to drive the demand for commercial vehicles, which is anticipated to drive the commercial vehicle transfer case market in the region.

Asia-Pacific is a major market for transfer cases owing to the adoption of stringent emission norms and the rapid buildout of charging infrastructure.

Key Topics Covered:




2. FOCUS ON SELECT PLAYERS (Total 32 Featured)





For more information about this report visit https://www.researchandmarkets.com/r/oze0zt

Media Contact:
Research and Markets
Laura Wood, Senior Manager

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

SOURCE Research and Markets

These press releases may also interest you

at 01:15
Technavio categorizes the global vascular endothelial growth factor (VEGF) inhibitors market as a part of the pharmaceutical market within the overall healthcare industry. The vascular endothelial growth factor (VEGF) inhibitors market research...

at 01:06
The Very Good Food Company Inc. ("VERY GOOD" or the "Company"), a leading plant-based food technology company, today reported its financial results for the first quarter ended March 31, 2022....

at 01:05
BeiGene, Ltd. , a global biotechnology company focused on developing and commercializing innovative medicines worldwide, yesterday announced the opening of a new regional office in Basel, Switzerland. BeiGene has built a European organization,...

at 00:01
Russia's invasion of Ukraine is testing the capacity of global food systems to feed the world in times of crisis....

16 mai 2022
Robbins Geller Rudman & Dowd LLP announces that purchasers of Oscar Health, Inc. Class A common stock pursuant and/or traceable to the registration statement and prospectus (collectively, the "Registration Statement") issued in connection with Oscar...

16 mai 2022
The latest market outlook report titled "Publishing Market by Platform and Geography - Forecast and Analysis 2022-2026" has been added to Technavio's catalog. This recent market analysis report identifies the market to witness a potential growth...

News published on 20 january 2022 at 11:15 and distributed by: