Global All-wheel Drive Market Size & Outlook, 2023-2030
The all-wheel drive industry worldwide is expected to reach a projected revenue of US$ 68,443.0 million by 2030. A compound annual growth rate of 8.7% is expected of the worldwide all-wheel drive industry from 2024 to 2030.
Revenue, 2023 (US$M)
$38,197.6
Forecast, 2030 (US$M)
$68,443.0
CAGR, 2024 - 2030
8.7%
Report Coverage
Worldwide
Global all-wheel drive market, 2018-2030 (US$M)
Global all-wheel drive market highlights
- The global all-wheel drive market generated a revenue of USD 38,197.6 million in 2023 and is expected to reach USD 68,443.0 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 8.7% by 2030.
- In terms of segment, ice accounted for a revenue of USD 38,197.6 million in 2023.
- ICE is the most lucrative propulsion segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
Global data book summary
| Market revenue in 2023 | USD 38,197.6 million |
| Market revenue in 2030 | USD 68,443.0 million |
| Growth rate | 8.7% (CAGR from 2023 to 2030) |
| Largest segment | Ice |
| Fastest growing segment | ICE |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | ICE |
Other key industry trends
- In terms of revenue, the North America accounted for 22.0% of the global all-wheel drive market in 2023.
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All-Wheel Drive Market Scope
All-wheel drive market segmentation & scope
Vehicle Type
Passenger Vehicle
Commecial Vehicle
System Type
Automatic
Manual
Countries
U.S.
Canada
Mexico
Germany
UK
France
Italy
Spain
Denmark
Sweden
Norway
China
Japan
India
South Korea
Australia
Thailand
Brazil
Argentina
South Africa
Saudi Arabia
UAE
Kuwait
All-Wheel Drive Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global all-wheel drive market size, by regions, 2018-2030 (US$M)
Related industry reports
Related regional statistics
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