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The North America Automotive Differential Market is anticipated to register a CAGR more than 4.9% during the forecast period (2022 – 2031).

Automotive Differential Market is an integral component of any vehicle due to its basic functionality of rotating wheels at different speeds, especially while turning, as the outer wheels cover a larger circumference. As a result, the automotive differential has always remained in demand. Now, with more extensive ownership of personal cars and growing technological advancements, the need for this differential system will only increase.

In the Asia-Pacific, the rise in the Chinese and Indian economy with increased income levels, especially among middle-class consumers , will drive the growth of the automotive market. Both China and India are world-leading Automotive Differential markets with a combined market share of over 60%. Emerging markets also include South East Asian Countries like Indonesia, Bangladesh, and Vietnam, which saw positive growth.

With EV entering the market, some automotive parts business has seen a drop in market demand. Although, in the case of the automotive differential market, the industry is thriving with an increase in electric cars. Most electric vehicles from reputable manufacturers use differentials. For 4WD models, Tesla provides differentials for front and rear motors. While 2WD models can have differentials with a single large electric unit instead of multiple ones, this makes it highly economical.

Rise of EV Will Also Increase the Demand for Automotive Differential

Differentials are used in all cars, making it impossible to replace the existing system with another form of technology. Electronics require a highly sophisticated computer program to guarantee that both wheels get equal torque in all conditions. Still, in such a safety-critical environment, it is tough to build a computer program that does so in all circumstances. Even simpler, less safety-critical settings such as electronic throttle control for Toyota’s ETCS-i system have had bugs.

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Differentials are also used in cars for a long time now, making it practically impossible for the differential market to replace it with another form of technology. Electronics require a highly sophisticated computer program to guarantee that both wheels get equal torque in all conditions.

Many car manufacturers produce components more than just a differential. Although, many of these companies are looking to develop advanced electronic differential to be equipped in electric vehicles to provide higher traction control. The function of the electronic differential is to give required torque to each driving wheel and allows different wheel speeds electronically. However, keeping safety as the primary requirement, the electric differential unit has years to come into the market segment. The mechanical differential remains a very sure way to guarantee that equal torque is distributed to both wheels indicating towards its future growth in the automotive market.

The Asia-Pacific Will Lead the Market for Automotive Differential

In China, the rise in economy and increased levels of income, especially among middle-class consumers, will drive the growth of the automotive market. This, in turn, will improve market opportunities for the automotive differential industry as well. For instance, Aisin Seiki has built the transaxle of Toyota Prius which has recorded one of the highest sales in China, includes two electric motors in an electronically controlled CVT system.

The Government of India is also encouraging to use EV. By the end of 2035, the government wants to convert all fuel-run vehicles into entirely or semi electric-run vehicles. In India, government policies such as ”Make in India’ initiative to improve the manufacturing sector in the nation, will also see a bright future for the automotive differential market. Automotive component manufacturers are investing even more in India, through various investments or new product launches in the region.

With positive manufacture growth in the Automotive components in the Asia-Pacific region, the OEM manufacturers will focus on expanding its differential production as the market is utilized in both EVs and ICE vehicles.

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The Automotive Differential Market is consolidated with existing players such as Honda, Toyota, Volkswagen, Mercedes, BMW, Maruti Suzuki, and Hyundai hold the most significant shares. To have the edge over its competitor’s companies are making joint-ventures, partnerships, launching new products with advanced technology.

SDKI Inc goal is market scenarios in various countries such as Japan, China, the United States, Canada, the United Kingdom, and Germany. We also focus on providing reliable research insights to clients around the world, including growth indicators, challenges, trends and competitive environments, through a diverse network of research analysts and consultants. With SDKI gaining trust and a customer base in more than 30 countries, SDKI is even more focused on expanding its foothold in other pristine economies.

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