Research and Markets (http://www.researchandmarkets.com/research/2g5cl6/global_four_wheel) has announced the addition of the "Global Four Wheel Drive Vehicle market 2015-2019" report to their offering.
This new report estimates 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.
One restraint in the market is that vehicles equipped with 4WDs are susceptible to high maintenance costs. The vehicle provides lower mileage compared to vehicles fitted with 2WD systems.
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.
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 light vehicles in emerging economies is expected to account for over 60% of the overall automobile sales by 2019.
Companies Mentioned:
- BMW
- Dacia
- Daimler
- GM
- Hyundai
- Land Rover
- Volvo
- Audi
- Chevrolet
- FIAT
- HONDA
- Nissan
- PSA
- Skoda
- TATA
- Toyota
-
Volkswagen.
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by vehicle types
PART 07: Geographical segmentation
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
PART 14: Key vendor analysis
For more information visit http://www.researchandmarkets.com/research/2g5cl6/global_four_wheel
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