TAEVision 3D Mechanical Design Applications
Automotive
MercedesBenz EClass E400 Coupe 2dr All-Wheel Drive AWD 4MATIC 2014-2016
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Data 575 - Sep 12, 2023
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All Wheel Drive Market Poised to Register High Growth Due to Rising Demand for Enhanced Safety
The all wheel drive market has been gaining significant traction over the recent years owing to various advantages associated with all wheel drive vehicles such as enhanced traction, stability and safety even during harsh weather conditions. All wheel drive systems help distribute the engine power to all the four wheels of a vehicle and offer improved acceleration, handling, and control. Increasing concerns regarding safety among consumers along with strict emission norms have been prompting automakers to incorporate advanced driveline technologies in vehicles. The rising demand for premium and luxury vehicles coupled with growing off-roading and winter sports activities is also augmenting the sales of all wheel drive cars.
Global all wheel drive market is estimated to be valued at US$ 38.24 Bn in 2024 and is expected to reach US$ 65.27 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 7.9% from 2024 to 2031.
Key Takeaways
Key players operating in the all wheel drive market are AB Volvo, American Axle Manufacturing, Inc., BorgWarner Inc., Continental AG, Dana Incorporated, GKN Plc, Honda Motor Company Ltd., JTEKT Corporation, Magna International Inc., Nissan Motor Co., Ltd.,, Tesla, Inc., Valeo SA, ZF Friedrichshafen AG.
The All Wheel Drive Market Growth is expected to witness lucrative growth opportunities owing to rising demand for SUVs and crossovers especially in the Asia Pacific region. Growing customer inclination towards enhanced vehicle performance even in adverse weather and road conditions is boosting the sales of all wheel drive vehicles.
Rapid urbanization along with increasing construction of roads in rural areas is further expanding the outreach of all wheel drive vehicles globally. Major automakers are focusing on geographical expansion plans to target untapped growth opportunities in developing nations.
Market drivers
Strict emission regulations concerning fuel efficiency and safety are prompting automakers to adopt advanced driveline technologies in vehicles. Proliferation of automatic transmission systems along with developments in torque vectoring and electronic stability control systems is fueling the adoption of All Wheel Drive Market Size and Trends. Increasing disposable income and changing lifestyles have augmented the demand for premium and luxury vehicles equipped with enhanced drivetrain capabilities. Demand for all wheel drive from off-roading and winter sports enthusiasts is further propelling the market growth.
PEST Analysis
Political: Regulations related to vehicle emission norms, safety standards, and taxation policies related to vehicles
Economic: Fluctuations in the disposable income levels affecting consumer spending on vehicles and rising fuel prices encouraging more sales of fuel efficient vehicles.
Social: Increasing preference of customers for comfortable, safe, and high-performance vehicles leading to higher demand for AWD vehicles.
Technological: Advancements in driveline systems, electronics, and transmission technologies helping manufacture more efficient and affordable AWD vehicles.
In terms of value, the market is currently concentrated in North America and Europe. North America is a leading revenue generator attributable to high demand for luxury and high-performance vehicles in U.S. and Canada. Moreover, extreme weather conditions necessitating better traction and control also drive sales. Similarly, Europe is another major regional market due to proliferation of high-end hatchbacks, SUVs, and crossover vehicles across major countries.
Among regions, Asia Pacific is projected to witness fastest growth during the forecast period. Factors such as rapidly growing production and sales of vehicles, extensive rural areas and mountainous roadways necessitating better handling, and improving consumer affordability are estimated to primarily drive the demand for AWD vehicles across emerging economies of India, China, and ASEAN countries. The growth is also supplemented by investments by global OEMs to tap into the regional markets.
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About Author:
Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. (https://www.linkedin.com/in/ravina-pandya-1a3984191)
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One of the indicators that it’s time to replace tires is the tread depth. Depending on the car, we start suggesting new tires around 3/32 of an inch or 4/32 of an inch. There are times, however, when tire replacement is necessary, even if plenty of tread is left.
We are recommending that all four tires on a BMW X5 be replaced. The front tires are measuring at 3/32 of an inch, while the rear tires are at 10/32 of an inch.
The SUV is all-wheel drive. If all of the tires aren’t replaced, it can lead to premature drivetrain failure and other problems.
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CHECK OUT THE 2023 KIA SELTOS
The ’23 Kia Seltos has received new acoustic glass windshields on every model of its ’23 lineup. The new windshields work to reduce road and wind noise as you fly down the highway. Additionally, Kia has added rear cross-traffic alert with automated emergency braking as a standard feature to the S trim as well as blind-spot collision avoidance. The S trim can also be ordered with a 10.3-inch infotainment touchscreen with navigation now.
POWER AND PERFORMANCE
The ’23 Seltos comes with two available powertrains. The first powertrain is the base 2.0L engine that produces a respectable 146 horsepower. This engine is paired with a smooth, continuously variable automatic transmission.
The second powertrain available with the Seltos is the 1.6L turbocharged that produces an impressive 175 horsepower with 195 lb-ft of maximum torque. This powertrain is paired with a seven-speed automatic that works to create immediate throttle responses and smooth gear changes. The Seltos comes in front-wheel drive on the S trim, but all-wheel drive is standard for the other trim levels.
CARVE YOUR PATH
INTERIOR COMFORT
The interior design of the Seltos is modern, with a spacious cabin that offers impressive passenger and cargo space. The high-quality materials in the cabin look and feel great. Choose the ’23 Seltos SX, and you have an interior ambient lighting system that can pulse to the beat of your music to provide a ride like no other.
The available heated front seats on select Seltos all-wheel drive models are excellent at keeping you warm all year round. Additionally, the available 10.25-inch touchscreen display in this SUV ensures that you have easy access to all of your favorite features, like Andriod Auto, Apple CarPlay, and navigation.
If you are looking for a compact SUV that can handle every errand and adventure you have planned this year, check out the ’23 Kia Seltos. Stop by Geweke Kia and check out our new and used inventory, including our Kia electric vehicles, today.
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What Is the Difference Between AWD and 4WD?
When it comes to vehicle drivetrains, two terms often create confusion among drivers: All-Wheel Drive (AWD) and Four-Wheel Drive (4WD). Understanding what sets these systems apart is crucial for making informed decisions, especially when purchasing a vehicle suited for specific driving conditions. The difference between AWD and 4WD lies not just in their names but in their mechanical operations,…
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TAEVision 3D Mechanical Design Applications
Automotive
MercedesBenz EClass E400 Coupe 2dr All-Wheel Drive AWD 4MATIC 2014-2016
Diamond Silver
"BETWEEN DREAMS AND REALITY" ... "DRIVING ACTION"
▸ TAEVision Engineering on Pinterest
▸ TAEVision Engineering on Google Photos
Data 574 - Sep 11, 2023
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