Automotive Multi-Wheel Drive Market Report 2021-26: Industry Share, Size, Growth, Opportunity and Forecast [MarketWatch]
BorgWarner Inc. (BWA)
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Source: MarketWatch
According to the latest report by IMARC Group, the global automotive multi-wheel drive market exhibited moderate growth during 2015-2020. Looking forward, the market expects to grow at a CAGR of 5.10% during 2021-2026. Automotive multi-wheel drive (MWD) refers to a system in which a vehicle's engine supplies equal power to all its tires. Also known as all-wheel drive (AWD), it does not require any driver intervention to activate all the wheels and constantly remains active. In this system, sensors are installed on each wheel to monitor traction, speed and several other data points. Unlike a four-wheel drive (4WD), a multi-wheel drive uses a center differential to send a variable amount of torque to each axle, the rod passing through the center of a wheel. This allows the front and rear wheels to rotate at the same speed, which improves stability and traction of the automobile. Request for a sample copy of this report: https://www.imarcgroup.com/automotive-multi-wheel-drive-market
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Earnings
- 2/8/24 - Miss
BWA
Sec Filings
- 4/25/24 - Form 8-K
- 3/15/24 - Form ARS
- 3/15/24 - Form DEF
- BWA's page on the SEC website