Electric All-Wheel Drive (AWD) Market: Top Key Vendors, Segmentation, And SWOT Analysis By 2018 - 2026

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 The front and rear wheels of an electric AWD vehicle are powered by an electric motor. The front and rear wheels may or may not be operated by the same motor. Two motors, one for each axle, can be used in vehicle configuration to divide the torque among all four wheels.

Rising demand for superior ride handling and traction control is expected to drive the demand for electric AWD. AWD systems save energy during low load running. Power distribution obtained at the wheels by using two or more motors of the AWD improves efficiency and reduces power loss. Demand for enhanced electric vehicle mileage is expected to drive the demand for electric AWD systems. Tesla Model S utilizes two motors to provide AWD.

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Rate of adoption of electric vehicles is low, as the technology is at a nascent stage owing to its high price. Adoption of AWD in electric vehicles is estimated to further increase the price of electric vehicles, which in turn is likely to act as a cost barrier. Integration of AWD in electric vehicles is challenging, as the vehicle control unit needs advanced designing.

Based on vehicle type, the electric AWD market can be split into passenger vehicle, light commercial vehicle, and heavy commercial vehicle. The passenger vehicle segment is anticipated to expand at a prominent pace demand during the forecast period owing to increase in sales of passenger electric vehicles.

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Based on geography, the electric AWD market can be classified into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is expected to dominate the global electric AWD market. China has emerged as a global leader for electric vehicle technology and is expected to maintain its dominance. Consequently, Asia Pacific is anticipated to lead the global electric AWD market during the forecast period.

Key players operating in the electric AWD market are Tesla, Inc., AB Volvo, Honda Motor Company Ltd., Nissan Motor Co., Ltd., and Dr.-Ing. h. c. F. and Porsche AG.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

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