Global four wheel drive vehicle market outlook
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Technavios market research analysts estimate four wheel drive
(4WD) vehicle shipments to cross over 7 million, in terms of unit sales by
2019. The rising demand for sports utility vehicles (SUVs) fitted with MWD
propels the growth of this market.
In the automotive market in China, SUVs are the fastest-growing
vehicle segment. The growing demand for these vehicles among the emerging
middle class drives the demand for 4WDs. As per this forecast, the market is
predicted to witness increased adoption of 4WDs in hybrid vehicles until 2019.
For instance, GKN Automotive is designing and developing advanced drivetrain
technologies to support hybrid electric vehicles (EVs).
Issues
concerning four wheel drive
Vehicles equipped with 4WDs are susceptible to high maintenance
costs. The vehicle provides lower mileage compared to vehicles fitted with 2WD
systems.
The utility of a 4WD vehicle is best realized when driven on
rugged terrains. But their tires and brakes wear out quickly and therefore it
necessitates periodic changes of differential fluids. If these vehicles are
constantly driven in rough conditions, the span between general maintenance is
further shortened
In the current price-sensitive market, customers look for
vehicles that give them maximum value for money. Hence, it has become difficult
for manufacturers to shift this cost pressure onto customers. As per this
market forecast, manufacturers are predicted to keep their margins low through
2019.
Market
segmentation by vehicle type
Standard 4WD
Premium 4WD
The growth of the global standard 4WD vehicle market is expected to be fueled by the steady growth of the global light vehicle market. The steady demand of light vehicles in emerging economies is expected to account for over 60% of the overall automobile sales by 2019.
Premium 4WD
The growth of the global standard 4WD vehicle market is expected to be fueled by the steady growth of the global light vehicle market. The steady demand of light vehicles in emerging economies is expected to account for over 60% of the overall automobile sales by 2019.
Market
segmentation of 4WDs by geography
APAC
Americas
EMEA
The global 4WD vehicle market is well diversified across all geographies, with the Americas holding the major share of the market currently. The market in the Americas is mainly based in core markets such as the US, Brazil, and Canada. The Americas ids followed by the APAC.
Americas
EMEA
The global 4WD vehicle market is well diversified across all geographies, with the Americas holding the major share of the market currently. The market in the Americas is mainly based in core markets such as the US, Brazil, and Canada. The Americas ids followed by the APAC.
Leading
vendor analysis of the global 4WD market
BMW
Dacia
Daimler
GM
Hyundai
Land Rover
Volvo
The global 4WD vehicle market is dominated by several international players that are expanding their footprint in developing nations of the APAC region. During the forecast period, market vendors are anticipated to increase their focus on matching stringent fuel efficiency standards. The other prominent vendors of this market include Audi, Chevrolet, FIAT, HONDA, Nissan, PSA, Skoda, TATA, Toyota, and Volkswagen.
Dacia
Daimler
GM
Hyundai
Land Rover
Volvo
The global 4WD vehicle market is dominated by several international players that are expanding their footprint in developing nations of the APAC region. During the forecast period, market vendors are anticipated to increase their focus on matching stringent fuel efficiency standards. The other prominent vendors of this market include Audi, Chevrolet, FIAT, HONDA, Nissan, PSA, Skoda, TATA, Toyota, and Volkswagen.
Key
questions answered in the report
What are the key factors driving the global 4WD market
What are the key market trends impacting the growth of the global 4WD market
What are the various opportunities and threats faced by the vendors in the global 4WD market
Trending factors influencing the market shares for the global 4WD market
Market shares for APAC, Americas, and Europe
Key outcome of the five forces analysis on the global 4WD market
Growth forecast of the global 4WD market
Technavio also offers customization on reports based on specific client requirement
What are the key market trends impacting the growth of the global 4WD market
What are the various opportunities and threats faced by the vendors in the global 4WD market
Trending factors influencing the market shares for the global 4WD market
Market shares for APAC, Americas, and Europe
Key outcome of the five forces analysis on the global 4WD market
Growth forecast of the global 4WD market
Technavio also offers customization on reports based on specific client requirement
Access Report @ https://www.wiseguyreports.com/reports/274454-global-four-wheel-drive-vehicle-market-2015-2019-one
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