Global Four Wheel Drive Vehicle Market Key Trends, Size, Growth, Shares and Forecast Research Report 2015-2019

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Global four wheel drive vehicle market outlook

New 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.

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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...