Global All-Wheel Drive (AWD) Vehicle Market Outlook Report 2019-2027 – ResearchAndMarkets.com
ResearchAndMarkets.com’s offering. Global All-Wheel Drive (AWD) Vehicle market accounted for $405.04 billion in 2019 and is expected to reach $695.93 billion by 2027 growing at a CAGR of 7.0% during the forecast period. The increase in demand for high performance, fuel-efficient vehicles due to the enactment of emission regulation is the major factor fueling market growth. However, the high cost of vehicles is hampering the market growth. An all-wheel drive (AWD) vehicle is one with a powertrain proficient of giving power to all its wheels, whether whole-time or on-demand. The mainly genera...