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2021

Transfer Case Market

Transfer Case Market Size, Share, Competitive Landscape and Trend Analysis Report by Drive Type, Vehicle Type and Type : Global Opportunity Analysis and Industry Forecast, 2021-2030

AT : Automotive systems and accessories

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Author's: Omkar Bachal | Lalit Janardhan Katare
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Transfer Case Market Statistics 2030 -

The global transfer case market was valued at $10.94 billion in 2020, and is projected to reach $28.55 billion by 2030, registering a CAGR of 11.1% during the forecast period 2021-2030,

Transfer case is a drivetrain component of the all-wheel-drive (AWD), four-wheel-drive (4WD), and other multiple powered axle vehicles. Transfer case transfers engine power from transmission unit to the front or rear axle as per the requirements.  Transfer case performs the power transmission operations carried out through chain or gear driven. It is equipped directly to the transmission or fixed separately from vehicle transmission system as per the performance requirement of the vehicle.

Transfer-Case-Market-2021-2030

Surge in need for operational efficient vehicle dynamics are is expected to drive the growth of the transfer case market during the forecast period. In addition, the demand of transfer case is directly influenced by the automotive production and sales activities carried out across the globe. This is attributed to the fact that transfer case finds its application majorly in SUVs and off-road vehicles, wherein improved traction, safety, and operational efficiency are the priority concerns for end users.

Furthermore, factors such as increase in penetration of AWD and 4WD vehicles and improved efficiency, safety, towing capabilities, and traction under extreme surface or weather conditions are expected to drive the growth of the transfer case market. However, decrease in production and sale of automotive restrain the market growth. On the contrary, increase in demand from developing countries and contracts & agreements with automotive original equipment manufacturers (OEMs) are projected to offer lucrative growth opportunities for the market players.

The global transfer case market is segmented into drive type, type, vehicle type, and region. Depending on drive type, the market is segregated into chain and gear driven. By type, it is categorized into AWD and 4WD. On the basis of application, it is fragmented into ICE passenger car, ICE commercial vehicle, hybrid vehicles, and off-highway vehicles. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Leading players and their key business strategies have been analyzed in the report to gain a competitive insight into the market. The key players covered in the report include American Axle & Manufacturing Inc., BorgWarner Inc., Hyundai Wia Corporation, Linamar Corporation, Magna International Inc., Marmon Holdings, Inc., Melrose Industries Plc., Meritor Inc., Univance Corporation, and ZF Friedrichshafen AG.

Transfer Case Market
By Drive Type
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Chain segment is projected as the most lucrative segments

Increase in penetration of AWD and 4WD vehicles

Automotive manufacturing has technologically evolved in the area of drivetrain, powertrain, safety, and stability to improve the operational efficiency of the vehicle. Automotive consumers are demanding more output-efficient and optimum performance high-end driving operations. Moreover, the demand of end users has shifted more toward added luxury, comfort, and driving dynamics. The change in demand of end consumers is driving the sales of 4WD and AWD vehicles to attain safety and vehicle dynamic levels. OEMs are focused on these drive systems to cater to the changes in requirement of end users. In recent years, the penetration of AWD and 4WD vehicles’ has increased drastically, and is expected to continue this trend in the coming years. These drive systems require transfer case to perform the driving activities. Therefore, increase in penetration of AWD and 4WD vehicles is expected to drive the demand for the transfer case, thus augmenting the market growth.

Transfer Case Market
By Vehicle Type
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Hybrid Vehicles segment is projected as the most lucrative segments

Improved efficiency, safety, towing capabilities, and traction under extreme surface or weather conditions

In 4WD and AWD vehicles , transfer case is a crucial component of the automotive driveline. Transfer case is a central drivetrain, which synchronizes the speed and it transfers the power from engine to front and rear axles. It is equipped at the back of the transmission system that splits the engine power as per the requirement of the drive shaft. This transmission of the power to the front and rear axle as per the driving requirement leads to improved dynamic traction and towing capabilities as compared to the FWD or RWD vehicles. Moreover, such distribution of engine power improves the vehicle operational efficiency, as it operate effectively with improved safety in the extreme weather or surface conditions. Thus, abovementioned factors are anticipated to propel the demand for transfer case over the forecast period. 

Transfer Case Market
By Type
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AWD segment is projected as the most lucrative segments

Contracts and agreements with automotive OEMs

Transfer case is widely and majorly demanded by automotive manufacturers and component manufacturers for automotive production activities. This material procurement witnesses open contracts and agreements between automotive OEMs and manufacturers of transfer case. The commencement of the transfer case solution is expected to be carried out through contracts and agreements between end users and developers of transfer case. These contracts mention a set of requirements that must be met in a certain timeframe. These contracts and agreements are associated with long-term business opportunities with end users. Market participants need to focus on winning the contracts and agreements to gain a competitive advantage and retain long-term business opportunities in the global market.

Transfer Case Market
By Region
2030
Asia-pacific 
North America
Europe
LAMEA

Asia-Pacific would exhibit the highest CAGR of 12.1% during 2021-2030.

COVID-19 impact analysis

The spread of the COVID-19 pandemic has negatively impacted the global transfer case market, owing to commute restrictions and expected weak financial performance of market players in 2020. The major risk factors of the transfer case market participants are supply chain execution, regulatory & policy changes, dependency on labor, working capital management, and liquidity & solvency management. The second wave of COVID-19 hit hard more than earlier strain of COVID-19 in February 2021, and is expected to impact the overall economic outlook negatively to a greater extent. The global business outlook changed dramatically post the COVID-19 health crisis.

Key Benefits For Stakeholders

  • This study presents analytical depiction of the global transfer case market analysis along with the current trends and future estimations to depict imminent investment pockets.
  • The overall transfer case market opportunity is determined by understanding profitable trends to gain a stronger foothold.
  • The report presents information related to key drivers, restraints, and opportunities of the global transfer case market with a detailed impact analysis.
  • The current market is quantitatively analyzed from 2020 to 2030 to benchmark the financial competency.
  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.

Key Market Segments

By Drive Type

  • Chain
  • Gear Driven

By Vehicle Type

  • ICE Passenger Car
  • ICE Commercial Vehicle
  • Hybrid Vehicles
  • Off-highway Vehicles

By Type

  • AWD
  • 4WD

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Spain
    • France
    • Germany
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of Asia Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa

KEY PLAYERS

  •  
  • American Axle & Manufacturing Inc.
  • BorgWarner Inc.
  • HYUNDAI WIA CORPORATION
  • Linamar Corporation
  • Magna International Inc.
  • Marmon Holdings, Inc.
  • Melrose Industries Plc.
  • Meritor Inc.
  • Univance Corporation
  • ZF Friedrichshafen AG

Transfer Case Market Report Highlights

Aspects Details
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By Drive Type
  • Chain
  • Gear Driven
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By Vehicle Type
  • ICE Passenger Car
  • ICE Commercial Vehicle
  • Hybrid Vehicles
  • Off-highway Vehicles
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By Type
  • AWD
  • 4WD
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By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (France, Germany, Italy, Spain, UK, Russia, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Australia, Thailand, Malaysia, Indonesia, Rest of Asia-Pacific)
  • LAMEA  (Brazil, South Africa, Saudi Arabia, UAE, Argentina, Rest of LAMEA)
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Key Market Players

Univance Corporation, HYUNDAI WIA CORPORATION, Meritor Inc., Marmon Holdings, Inc., Melrose Industries Plc., Magna International Inc., ZF Friedrichshafen AG, BorgWarner Inc., American Axle & Manufacturing Inc., Linamar Corporation

Analyst Review

The global transfer case market is expected to witness significant growth, owing to increase in adoption of the AWD and 4WD vehicles and changes in vehicle dynamics end-user requirements across the globe. Transfer case is a crucial drivetrain component that demand directly influenced by the automotive sales and production activities. Increase in penetration of electric vehicles is one of the key restraining factors for global transfer case market during the forecast period. Asia-Pacific is a leader in the transfer case market, owing to changes preference of the automotive manufacturers toward the AWD or 4WD driven vehicles. The global transfer case market is a fairly consolidated market in which limited market participants are operating in the global market. Market participants are focused to develop their sales footprints by entering into long-term contracts and agreements with the automotive manufacturers. Moreover, market players are expanding the company facilities to gain competitive advantage. Numerous developments have been carried out by top companies, such as American Axle & Manufacturing, Inc., BorgWarner Inc., ZF Friedrichshafen AG, Hyundai Wia Corporation, and Meritor Inc., which supplement the growth of the global transfer case market. The impacts of COVID-19 significantly affected the global transfer case market in 2020. Furthermore, the market witnessed negative growth or significant downfall in 2020. However, this situation is expected to improve as government has started relaxing norms around the world for resuming business activities.

Author Name(s) : Omkar Bachal | Lalit Janardhan Katare
Frequently Asked Questions?

The global transfer case market was valued at $10,938.38 million in 2020, and is projected to reach $28,550.68 million by 2030, registering a CAGR of 11.1%.

BorgWarner Inc., American Axle & Manufacturing Inc.,Meritor Inc, and ZF Friedrichshafen AG are the leading manufacruers of transfer case in the global market

The report sample for global transfer case market report can be obtained on demand from the website.

BorgWarner Inc., American Axle & Manufacturing Inc.,Meritor Inc, and ZF Friedrichshafen AG are the key suppliers of the transfer case operating in the global market

The global transfer case market is registering a CAGR of 11.1%.

The company profiles of the top players of the market can be obtained from the company profile section mentioned in the report. This section includes analysis of top ten player’s operating in the industry along with their last three-year revenue, segmental revenue, product offerings, key strategies adopted, and geographical revenue generated

Growing adoption of the AWD and 4WD vehicles and changing automotive production outlook are expected to support the market growth

Product development, product launch, expansion, acquisition, Joint venture and agreement are the recent development in the global market

Contracts and agreements with autmotive OEMs is the key trend in the global market

Decrease in production and sale of automotive, and increase in demand from developing countries are the known and unknown adjacencies impacting the transfer case market

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Transfer Case Market

Global Opportunity Analysis and Industry Forecast, 2021-2030