DUBLIN—The "Global Four Wheel Drive Vehicle Market: Analysis of Growth, Trends Progress and Challenges (2016 - 2021)" report has been added to Research and Markets' offering.
The Four Wheel Drive Vehicle Market is expected to grow at a CAGR of 6.03% during the forecast period.
The demand for 4 wheel drive vehicles is increasing at a rapid pace all over the world, especially in the emerging markets. The AWD systems are generally fitted to the Sports Utility Vehicles, which on account of high fuel prices and rising environment concerns had slumped in the European and most importantly the American region. But the sales in North America have rebounded smartly and are anchoring the market.
The market for Sports Utility Vehicles is seeing maximum growth in India, China, Vietnam and other Asian countries. In India, the market for small sport utility vehicles has taken off with the launch of the Renault Duster. Many players like Maruti Suzuki, Honda, Volkswagen, Toyota, Hyundai, and Nissan have joined or set to join this booming segment in India. Though the number of Sport Utility Vehicles featuring 4 wheel drive systems is limited in the emerging markets, their numbers will grow exponentially in the future.
The major issues regarding 4 wheel systems are the high maintenance costs and low mileage the 4 wheel drive equipped cars give out. Also most of the SUV buyers in the emerging markets drive their off roaders on paved roads in the cities and have little need to have 4 wheel drive systems. On account of higher growth rate of the entry-level sports utility vehicles, the standard 4WD systems will see higher rates of growth in the market. 4WD in Sports Utility Vehicles segment will see a highest rate of growth in the segment on account of higher sales and interest in the segment.
Companies Mentioned
- BMW
- Daimler Ag
- Fiat
- Ford
- Honda
- Honda
- Hyundai
- Isuzu
- Mitsubishi
- Nissan
- Renault
- Tata Motors
- Toyota
- Volkswagen
- Volvo
Key Topics Covered:
1. Introduction
2. Executive Summary
3. Market Overview And Trends
4. Market Dynamics
5. Four Wheel Drive Vehicle Market, Segmented By Vehicle Type
6. Four Wheel Drive Vehicle Market, Segmented By Type
7. Four Wheel Drive Market, Segmented By Geography
8. Competitive Landscape
9. Key Vendor Analysis (Overview, Products & Services, Strategies)
10. Future Outlook Of The Market
For more information about this report visit https://www.researchandmarkets.com/research/48s7kv/global_four_wheel
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Related Topics: Cars