Automotive Differential Market is driven by rising adoption of autonomous vehicles
The automotive differential market comprises components that are used for transmitting power from the engine to the wheels of a vehicle. A differential allows the outer wheels of a vehicle to rotate at different speeds than the inner wheels during a turn, thereby enabling smooth maneuvering of vehicles.
Automotive Differential Market are available in various types including limited slip differential, torque sensing limited slip differential, and electronically controlled limited slip differential. Torque sensing and electronically controlled limited slip differentials offer enhanced traction and control over traditional differentials. Rising demand for enhanced safety, stability, and traction features in modern vehicles is propelling the demand for advanced differential types.
The Global Automotive Differential Market is estimated to be valued at USD 24.7 Bn in 2024 and is expected to reach USD 38.5 Bn by 2031, growing at a compound annual growth rate (CAGR) of 4.5% from 2024 to 2031.
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