NEW YORK , Sept. 25, 2024 /PRNewswire/ -- Report on how AI is redefining market landscape - The Global Automotive Four-Wheel Drive Vehicle Market size is estimated to grow by USD 82.3 billion from 2024-2028, according to Technavio.
The market is estimated to grow at a CAGR of over 3.61% during the forecast period. Benefits associated with electrification of four-wheel drive components is driving market growth, with a trend towards replacement of drive shaft and mechanical differentials with electric drive axles However, operational issues and high maintenance costs due to poor fuel efficiency poses a challenge - Key market players include Bayerische Motoren Werke AG, BYD Co.
Ltd., Ford Motor Co., General Motors Co.
, Honda Motor Co. Ltd., Hyundai Motor Co.
, Isuzu Motors Ltd., Mahindra and Mahindra Ltd., Mazda Motor Corp.
, Mercedes Benz Group AG, MG Motor India Pvt. Ltd., Mitsubishi Motors Corp.
, Nissan Motor Co. Ltd., Renault SAS, Stellantis NV, Suzuki Motor Corp.
, Tata Motors Ltd., Toyota Motor Corp., and Volkswagen AG.
Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View the snapshot of this report The automotive four-wheel drive vehicle market is witnessing significant growth due to the integration of electrical and electronic components in place of heavy mechanical parts. OEMs are making this shift to enhance fuel economy and reduce maintenance costs.
Regulatory bodies, such as the US Department of Transportati.
