NEW YORK, May 15, 2023 /PRNewswire/ — The automotive four-wheel drive vehicle market share is set to grow by 2423.33 units from 2023 to 2027. However, the growth momentum will be progressing at a CAGR of over 3.85% during the forecast period, according to Technavio. The automotive four-wheel drive vehicle market is fragmented, and the vendors are seeking strong partnerships with automotive, industrial, and commercial companies to compete in the market. BYD Electronic Co. Ltd., Ford Motor Co., General Motors Co, Honda Motor Co. Ltd., Hyundai Motor Co, Isuzu Motors Ltd., Mazda Motor Corp, MG Motor India Pvt. Ltd., Nissan Motor Co. Ltd., Renault SAS, Stellantis NV, Tata Motors Ltd., Toyota Motor Corp., Volkswagen AG, Bayerische Motoren Werke AG, Mahindra and Mahindra Ltd., Mercedes Benz Group AG, Mitsubishi Motors Corp., and Suzuki Motor Corp. are some of the major market participants.
Technavio has announced its latest market research report titled Global Automotive Four-wheel Drive Vehicle Market 2023-2027
To provide a deeper understanding of the competitive landscape, Technavio has profiled key players along with the study that categorizes the global market segmentation. Request a sample report
Automotive Four-wheel Drive Vehicle Market 2023-2027: Scope
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The automotive four-wheel drive vehicle market report covers the following areas:
The benefits associated with the electrification of four-wheel drive components will offer immense growth opportunities. However, the operational issues and high maintenance costs due to poor fuel efficiency will hamper the market growth
Automotive Four-wheel Drive Vehicle Market 2023-2027: Market Dynamics
Market Drivers
Benefits associated with electrification of four-wheel drive components
Advantages associated with four-wheel drive system
Growing demand for SUVs and pickup trucks
Market Trends
Replacement of drive shaft and mechanical differentials with electric drive axles
Availability of multiple terrain profiles with four-wheel drive systems
Development of intelligent torque vectoring for AWD
Market Challenges
Operational issues and high maintenance costs due to poor fuel efficiency
Incorporation of advanced four-wheel drive increases overall vehicle cost
Legal limitations associated with use of off-road vehicles
In addition to the forecast, the report also highlights the key opportunities by analyzing drivers, trends, and challenges for the market, download a PDF sample
Automotive Four-wheel Drive Vehicle Market 2023-2027: Segment Analysis
Application
Passenger Cars: The automotive all-wheel drive (AWD) vehicle market share growth by the passenger cars segment will be significant during the forecast period.
Commercial Vehicles
Type
SUVs And Crossovers
Pickup Trucks
Premium And Luxury Sedans
Geography
North America: North America is estimated to contribute 39% to the growth of the global automotive all-wheel drive (AWD) vehicle market during the forecast period.
APAC
Europe
Middle East And Africa
South America
The competitive scenario categorizes companies based on various performance indicators. Some of the factors considered include the financial performance of companies, growth strategies, product innovations, new product launches, investments, and growth in market share, among others Buy the Report
Automotive Four-wheel Drive Vehicle Market 2023-2027: Key Highlights
CAGR of the market during the forecast period 2023-2027
Detailed information on factors that will assist automotive four-wheel drive vehicle market growth during the next five years
Estimation of the automotive four-wheel drive vehicle market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the automotive four-wheel drive vehicle market across North America, APAC, Europe, Middle East and Africa, and South America
Analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of automotive four-wheel drive vehicle market vendors
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Automotive Four-wheel Drive Vehicle Market Scope |
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Report Coverage |
Details |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 3.85% |
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Market growth 2023-2027 |
2423.33 units |
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Market structure |
Fragmented |
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YoY growth 2022-2023 (%) |
2.8 |
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Regional analysis |
North America, APAC, Europe, Middle East and Africa, and South America |
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Performing market contribution |
North America at 39% |
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Key countries |
US, Canada, China, Japan, and UK |
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Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
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Key companies profiled |
BYD Electronic Co. Ltd., Ford Motor Co., General Motors Co, Honda Motor Co. Ltd., Hyundai Motor Co, Isuzu Motors Ltd., Mazda Motor Corp, MG Motor India Pvt. Ltd., Nissan Motor Co. Ltd., Renault SAS, Stellantis NV, Tata Motors Ltd., Toyota Motor Corp., Volkswagen AG, Bayerische Motoren Werke AG, Mahindra and Mahindra Ltd., Mercedes Benz Group AG, Mitsubishi Motors Corp., and Suzuki Motor Corp. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
1 Executive Summary
1.1 Market overview
Exhibit 01: Executive Summary – Chart on Market Overview
Exhibit 02: Executive Summary – Data Table on Market Overview
Exhibit 03: Executive Summary – Chart on Global Market Characteristics
Exhibit 04: Executive Summary – Chart on Market by Geography
Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
Exhibit 07: Executive Summary – Chart on Incremental Growth
Exhibit 08: Executive Summary – Data Table on Incremental Growth
Exhibit 09: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics
3 Market Sizing
3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
Exhibit 14: Chart on Global – Market size and forecast 2022-2027 (thousand units)
Exhibit 15: Data Table on Global – Market size and forecast 2022-2027 (thousand units)
Exhibit 16: Chart on Global Market- Year-over-year growth 2022-2027 (%)
Exhibit 17: Data Table on Global Market- Year-over-year growth 2022-2027 (%)
4 Historic Market Size
4.1 Global automotive four-wheel drive vehicle market 2017 – 2021
Exhibit 18: Historic Market Size – Data Table on Global automotive four-wheel drive vehicle market 2017 – 2021 (thousand units)
4.2 By application Segment Analysis 2017 – 2021
Exhibit 19: Historic Market Size – By application Segment 2017 – 2021 (thousand units)
4.3 By type Segment Analysis 2017 – 2021
Exhibit 20: Historic Market Size – By type Segment 2017 – 2021 (thousand units)
4.4 By geography Segment Analysis 2017 – 2021
Exhibit 21: Historic Market Size – By geography Segment 2017 – 2021 (thousand units)
4.5 Country Segment Analysis 2017 – 2021
Exhibit 22: Historic Market Size – Country Segment 2017 – 2021 (thousand units)
5 Five Forces Analysis
5.1 Five forces summary
Exhibit 23: Five forces analysis – Comparison between 2022 and 2027
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
5.7 Market condition
Exhibit 29: Chart on Market condition – Five forces 2022 and 2027
6 Market Segmentation by Application
6.1 Market segments
Exhibit 30: Chart on Application – Market share 2022-2027 (%)
Exhibit 31: Data Table on Application – Market share 2022-2027 (%)
6.2 Comparison by Application
Exhibit 32: Chart on Comparison by Application
Exhibit 33: Data Table on Comparison by Application
6.3 Passenger cars – Market size and forecast 2022-2027
Exhibit 34: Chart on Passenger cars – Market size and forecast 2022-2027 (thousand units)
Exhibit 35: Data Table on Passenger cars – Market size and forecast 2022-2027 (thousand units)
Exhibit 36: Chart on Passenger cars – Year-over-year growth 2022-2027 (%)
Exhibit 37: Data Table on Passenger cars – Year-over-year growth 2022-2027 (%)
6.4 Commercial vehicles – Market size and forecast 2022-2027
Exhibit 38: Chart on Commercial vehicles – Market size and forecast 2022-2027 (thousand units)
Exhibit 39: Data Table on Commercial vehicles – Market size and forecast 2022-2027 (thousand units)
Exhibit 40: Chart on Commercial vehicles – Year-over-year growth 2022-2027 (%)
Exhibit 41: Data Table on Commercial vehicles – Year-over-year growth 2022-2027 (%)
6.5 Market opportunity by Application
Exhibit 42: Market opportunity by Application (thousand units)
7 Market Segmentation by Type
7.1 Market segments
Exhibit 43: Chart on Type – Market share 2022-2027 (%)
Exhibit 44: Data Table on Type – Market share 2022-2027 (%)
7.2 Comparison by Type
Exhibit 45: Chart on Comparison by Type
Exhibit 46: Data Table on Comparison by Type
7.3 SUVs and crossovers – Market size and forecast 2022-2027
Exhibit 47: Chart on SUVs and crossovers – Market size and forecast 2022-2027 (thousand units)
Exhibit 48: Data Table on SUVs and crossovers – Market size and forecast 2022-2027 (thousand units)
Exhibit 49: Chart on SUVs and crossovers – Year-over-year growth 2022-2027 (%)
Exhibit 50: Data Table on SUVs and crossovers – Year-over-year growth 2022-2027 (%)
7.4 Pickup trucks – Market size and forecast 2022-2027
Exhibit 51: Chart on Pickup trucks – Market size and forecast 2022-2027 (thousand units)
Exhibit 52: Data Table on Pickup trucks – Market size and forecast 2022-2027 (thousand units)
Exhibit 53: Chart on Pickup trucks – Year-over-year growth 2022-2027 (%)
Exhibit 54: Data Table on Pickup trucks – Year-over-year growth 2022-2027 (%)
7.5 Premium and luxury sedans – Market size and forecast 2022-2027
Exhibit 55: Chart on Premium and luxury sedans – Market size and forecast 2022-2027 (thousand units)
Exhibit 56: Data Table on Premium and luxury sedans – Market size and forecast 2022-2027 (thousand units)
Exhibit 57: Chart on Premium and luxury sedans – Year-over-year growth 2022-2027 (%)
Exhibit 58: Data Table on Premium and luxury sedans – Year-over-year growth 2022-2027 (%)
7.6 Market opportunity by Type
Exhibit 59: Market opportunity by Type (thousand units)
8 Customer Landscape
8.1 Customer landscape overview
Exhibit 60: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
9.1 Geographic segmentation
Exhibit 61: Chart on Market share by geography 2022-2027 (%)
Exhibit 62: Data Table on Market share by geography 2022-2027 (%)
9.2 Geographic comparison
Exhibit 63: Chart on Geographic comparison
Exhibit 64: Data Table on Geographic comparison
9.3 North America – Market size and forecast 2022-2027
Exhibit 65: Chart on North America – Market size and forecast 2022-2027 (thousand units)
Exhibit 66: Data Table on North America – Market size and forecast 2022-2027 (thousand units)
Exhibit 67: Chart on North America – Year-over-year growth 2022-2027 (%)
Exhibit 68: Data Table on North America – Year-over-year growth 2022-2027 (%)
9.4 APAC – Market size and forecast 2022-2027
Exhibit 69: Chart on APAC – Market size and forecast 2022-2027 (thousand units)
Exhibit 70: Data Table on APAC – Market size and forecast 2022-2027 (thousand units)
Exhibit 71: Chart on APAC – Year-over-year growth 2022-2027 (%)
Exhibit 72: Data Table on APAC – Year-over-year growth 2022-2027 (%)
9.5 Europe – Market size and forecast 2022-2027
Exhibit 73: Chart on Europe – Market size and forecast 2022-2027 (thousand units)
Exhibit 74: Data Table on Europe – Market size and forecast 2022-2027 (thousand units)
Exhibit 75: Chart on Europe – Year-over-year growth 2022-2027 (%)
Exhibit 76: Data Table on Europe – Year-over-year growth 2022-2027 (%)
9.6 Middle East and Africa – Market size and forecast 2022-2027
Exhibit 77: Chart on Middle East and Africa – Market size and forecast 2022-2027 (thousand units)
Exhibit 78: Data Table on Middle East and Africa – Market size and forecast 2022-2027 (thousand units)
Exhibit 79: Chart on Middle East and Africa – Year-over-year growth 2022-2027 (%)
Exhibit 80: Data Table on Middle East and Africa – Year-over-year growth 2022-2027 (%)
9.7 South America – Market size and forecast 2022-2027
Exhibit 81: Chart on South America – Market size and forecast 2022-2027 (thousand units)
Exhibit 82: Data Table on South America – Market size and forecast 2022-2027 (thousand units)
Exhibit 83: Chart on South America – Year-over-year growth 2022-2027 (%)
Exhibit 84: Data Table on South America – Year-over-year growth 2022-2027 (%)
9.8 US – Market size and forecast 2022-2027
Exhibit 85: Chart on US – Market size and forecast 2022-2027 (thousand units)
Exhibit 86: Data Table on US – Market size and forecast 2022-2027 (thousand units)
Exhibit 87: Chart on US – Year-over-year growth 2022-2027 (%)
Exhibit 88: Data Table on US – Year-over-year growth 2022-2027 (%)
9.9 China – Market size and forecast 2022-2027
Exhibit 89: Chart on China – Market size and forecast 2022-2027 (thousand units)
Exhibit 90: Data Table on China – Market size and forecast 2022-2027 (thousand units)
Exhibit 91: Chart on China – Year-over-year growth 2022-2027 (%)
Exhibit 92: Data Table on China – Year-over-year growth 2022-2027 (%)
9.10 Canada – Market size and forecast 2022-2027
Exhibit 93: Chart on Canada – Market size and forecast 2022-2027 (thousand units)
Exhibit 94: Data Table on Canada – Market size and forecast 2022-2027 (thousand units)
Exhibit 95: Chart on Canada – Year-over-year growth 2022-2027 (%)
Exhibit 96: Data Table on Canada – Year-over-year growth 2022-2027 (%)
9.11 UK – Market size and forecast 2022-2027
Exhibit 97: Chart on UK – Market size and forecast 2022-2027 (thousand units)
Exhibit 98: Data Table on UK – Market size and forecast 2022-2027 (thousand units)
Exhibit 99: Chart on UK – Year-over-year growth 2022-2027 (%)
Exhibit 100: Data Table on UK – Year-over-year growth 2022-2027 (%)
9.12 Japan – Market size and forecast 2022-2027
Exhibit 101: Chart on Japan – Market size and forecast 2022-2027 (thousand units)
Exhibit 102: Data Table on Japan – Market size and forecast 2022-2027 (thousand units)
Exhibit 103: Chart on Japan – Year-over-year growth 2022-2027 (%)
Exhibit 104: Data Table on Japan – Year-over-year growth 2022-2027 (%)
9.13 Market opportunity by geography
Exhibit 105: Market opportunity by geography (thousand units)
10 Drivers, Challenges, and Trends
10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 106: Impact of drivers and challenges in 2022 and 2027
10.4 Market trends
11 Vendor Landscape
11.1 Overview
11.2 Vendor landscape
Exhibit 107: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 108: Overview on factors of disruption
11.4 Industry risks
Exhibit 109: Impact of key risks on business
12 Vendor Analysis
12.1 Vendors covered
Exhibit 110: Vendors covered
12.2 Market positioning of vendors
Exhibit 111: Matrix on vendor position and classification
12.3 Bayerische Motoren Werke AG
Exhibit 112: Bayerische Motoren Werke AG – Overview
Exhibit 113: Bayerische Motoren Werke AG – Business segments
Exhibit 114: Bayerische Motoren Werke AG – Key news
Exhibit 115: Bayerische Motoren Werke AG – Key offerings
Exhibit 116: Bayerische Motoren Werke AG – Segment focus
12.4 BYD Electronic Co. Ltd.
Exhibit 117: BYD Electronic Co. Ltd. – Overview
Exhibit 118: BYD Electronic Co. Ltd. – Business segments
Exhibit 119: BYD Electronic Co. Ltd. – Key news
Exhibit 120: BYD Electronic Co. Ltd. – Key offerings
Exhibit 121: BYD Electronic Co. Ltd. – Segment focus
12.5 Ford Motor Co.
Exhibit 122: Ford Motor Co. – Overview
Exhibit 123: Ford Motor Co. – Business segments
Exhibit 124: Ford Motor Co. – Key news
Exhibit 125: Ford Motor Co. – Key offerings
Exhibit 126: Ford Motor Co. – Segment focus
12.6 General Motors Co
Exhibit 127: General Motors Co – Overview
Exhibit 128: General Motors Co – Business segments
Exhibit 129: General Motors Co – Key news
Exhibit 130: General Motors Co – Key offerings
Exhibit 131: General Motors Co – Segment focus
12.7 Honda Motor Co. Ltd.
Exhibit 132: Honda Motor Co. Ltd. – Overview
Exhibit 133: Honda Motor Co. Ltd. – Business segments
Exhibit 134: Honda Motor Co. Ltd. – Key news
Exhibit 135: Honda Motor Co. Ltd. – Key offerings
Exhibit 136: Honda Motor Co. Ltd. – Segment focus
12.8 Hyundai Motor Co
Exhibit 137: Hyundai Motor Co – Overview
Exhibit 138: Hyundai Motor Co – Business segments
Exhibit 139: Hyundai Motor Co – Key news
Exhibit 140: Hyundai Motor Co – Key offerings
Exhibit 141: Hyundai Motor Co – Segment focus
12.9 Isuzu Motors Ltd.
Exhibit 142: Isuzu Motors Ltd. – Overview
Exhibit 143: Isuzu Motors Ltd. – Product / Service
Exhibit 144: Isuzu Motors Ltd. – Key offerings
12.10 Mahindra and Mahindra Ltd.
Exhibit 145: Mahindra and Mahindra Ltd. – Overview
Exhibit 146: Mahindra and Mahindra Ltd. – Business segments
Exhibit 147: Mahindra and Mahindra Ltd. – Key news
Exhibit 148: Mahindra and Mahindra Ltd. – Key offerings
Exhibit 149: Mahindra and Mahindra Ltd. – Segment focus
12.11 Mercedes Benz Group AG
Exhibit 150: Mercedes Benz Group AG – Overview
Exhibit 151: Mercedes Benz Group AG – Business segments
Exhibit 152: Mercedes Benz Group AG – Key offerings
Exhibit 153: Mercedes Benz Group AG – Segment focus
12.12 MG Motor India Pvt. Ltd.
Exhibit 154: MG Motor India Pvt. Ltd. – Overview
Exhibit 155: MG Motor India Pvt. Ltd. – Product / Service
Exhibit 156: MG Motor India Pvt. Ltd. – Key offerings
12.13 Nissan Motor Co. Ltd.
Exhibit 157: Nissan Motor Co. Ltd. – Overview
Exhibit 158: Nissan Motor Co. Ltd. – Business segments
Exhibit 159: Nissan Motor Co. Ltd. – Key news
Exhibit 160: Nissan Motor Co. Ltd. – Key offerings
Exhibit 161: Nissan Motor Co. Ltd. – Segment focus
12.14 Renault SAS
Exhibit 162: Renault SAS – Overview
Exhibit 163: Renault SAS – Product / Service
Exhibit 164: Renault SAS – Key news
Exhibit 165: Renault SAS – Key offerings
12.15 Stellantis NV
Exhibit 166: Stellantis NV – Overview
Exhibit 167: Stellantis NV – Business segments
Exhibit 168: Stellantis NV – Key news
Exhibit 169: Stellantis NV – Key offerings
Exhibit 170: Stellantis NV – Segment focus
12.16 Toyota Motor Corp.
Exhibit 171: Toyota Motor Corp. – Overview
Exhibit 172: Toyota Motor Corp. – Business segments
Exhibit 173: Toyota Motor Corp. – Key news
Exhibit 174: Toyota Motor Corp. – Key offerings
Exhibit 175: Toyota Motor Corp. – Segment focus
12.17 Volkswagen AG
Exhibit 176: Volkswagen AG – Overview
Exhibit 177: Volkswagen AG – Business segments
Exhibit 178: Volkswagen AG – Key offerings
Exhibit 179: Volkswagen AG – Segment focus
13 Appendix
13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 180: Inclusions checklist
Exhibit 181: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 182: Currency conversion rates for US$
13.4 Research methodology
Exhibit 183: Research methodology
Exhibit 184: Validation techniques employed for market sizing
Exhibit 185: Information sources
13.5 List of abbreviations
Exhibit 186: List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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SOURCE Technavio