© 2016 Global Market Insights, Inc. USA. All Rights Reserved Fuel Cell Market size worth $25.5bn by 2024 AWD System Market Industry Trends, Statistics, Analysis by 2024: Global Market Insights Inc.

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  Rise in demand for powerful commercial heavy duty vehicles such as trucks and lorries as well as for SUVs and vehicles with high torque driving experience will accelerate AWD systems market growth.  Earlier, these systems were available only in high-end cars but the introduction in small passenger cars and hybrid electric vehicles has led to an increase in global demand.  AWD requires different components for the drive train which are expensive, thus making this technology costly and available in high end segments. High cost of ownership and lack of awareness may hamper the industry growth. Key Insights from AWD System Market:

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  Automatic MWD includes a power transfer unit, propeller shaft used for transmitting torque and rotation, AWD couplings, Final Drive Unit (FDU) and Disconnect. The AWD Disconnect is used to disconnect the Multi-Wheel Drive System in the vehicle under normal driving conditions.  Full AWD is a permanently engaged alternative in which all the wheels of the vehicle are powered at all times. It consists of a center differential which lets each wheel travel different distances while turning.  Torque is transferred to the other axle and both rear and front axles run at same speeds until the speed difference between all wheels is eliminated and the vehicle runs back in 2WD mode. Continued...

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© 2016 Global Market Insights, Inc. USA. All Rights Reserved  Product Analysis In unfavorable terrains or for off-road driving like sand, snow or climbing slippery hills where wheel slips may occur, the 4WD helps to evenly distribute the power to front and rear axles thus controlling power in all wheels and keeping a straight traction.  Regional Analysis Europe and U.S. AWD systems market have the highest share due to high penetration of SUV’s and mini sports vehicles. Emerging economies like India, China, Japan, are seeing an increase in purchasing power of consumers which has led to an increased demand for luxury and high end vehicles with multi-wheel drive systems in APAC.  Competitive Market Share Some of the strategies used by players in the AWD systems market are mergers and acquisitions, new technological advancements and partnerships. For instance, Mitsubishi launched its electronically controlled 4WD which has 3 modes eco, auto, and lock. 360° Analysis

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