Automotive Differential Market Growing Trade Among Emerging Economies Opening New Opportunities To 2023-2031

According to the report published by Allied Market Research, the global automotive differential market generated $20.53 billion in 2020, and is expected to reach $32.29 billion by 2030, witnessing a CAGR of 4.7% from 2021 to 2030. The report provides a detailed analysis of changing market dynamics, top investment pockets, regional landscape, key segments, value chain, and competitive scenario.

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Covid-19 Scenario of Automotive Differential Market:

  • There have been hindrances in supply chain execution, unavailability of raw materials, changes in regulatory & policy guidelines, and difficulty in capital management and liquidity & solvency management during the Covid-19 pandemic.
  • Moreover, restraints in manufacturing activities and decline in automotive sales impacted the automotive differential market. Original equipment manufacturers needed to lower production volumes due to lack of demand from the automotive sector. However, the market is expected to recover post-lockdown.

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Based on region, Asia-Pacific accounted for the largest share in 2020, holding more than two-fifths of the total share, and is projected to maintain its dominant share by 2030. Moreover, this region is projected to portray the fastest CAGR of 5.4% during the forecast period. 

Prominent players of the global automotive differential market analyzed in the research include BorgWarner Inc., American Axle & Manufacturing, Inc. (AAM), Eaton, Dana Incorporated, JTEKT Corporation, Hyundai Wia Corporation, Melrose Industries PLC, Linamar Corporation, ZF Friedrichshafen AG, and Schaeffler Group.

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About Allied Market Research

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