In 2020, following the corona virus pandemic, the new forecasts for passenger car sales in Saudi Arabia was approximately 252 thousand units. The forecasts of passenger car sales for that year previous to the pandemic was about 387 thousand units.

Out of 575 survey participants in the U.S. who delayed purchasing a new vehicle during COVID-19 restrictions in 2020, nearly half of the participants claimed that they would feel comfortable buying a vehicle from a dealership within 30 days of the restrictions being lifted. Only three percent of respondents said that they would wait at least six months after restrictions have been lifted. Restrictions in the U.S. Like many countries worldwide, measures to slow down and control the spread of COVID-19 on a national scale were implemented across several U.S. states. Such measures included the temporary closure of schools, bars, restaurants, and movie theaters, along with the cancellation or postponement of several large public events. While online activity in the U.S. has steadily increased during the pandemic, e-tailers in the automotive industry are predicting a decrease in sales: projected auto sales growth for 2020 in the U.S. are anticipated to be 26.6 percent below the level one year earlier. Post-lockdown behavior Respondents in this survey were also asked whether they would feel comfortable performing other activities after COVID-19 restrictions were lifted. A total of 48 percent of respondents stated that they were comfortable buying a vehicle from a dealership within a month of restrictions being lifted, 67 percent claimed that they would feel comfortable returning to work, 51 percent would dine in at a restaurant, and only 22 percent would travel via airplane.

As of October 2020, North American auto demand was around 2.5 million units below 2019 levels. In terms of production in North America's largest market, output in the U.S. automotive industry was roughly 4,300 units in April 2020. U.S. plants reopened after a nine-week shutdown amid the coronavirus outbreak in the United States.

Worldwide car sales grew to around 78 million automobiles in 2024, up from around 75.3 million units in 2023. Throughout 2020 and 2021, the sector experienced a downward trend on the back of a slowing global economy, while COVID-19 and the Russian war on Ukraine contributed to shortages in the automotive semiconductor industry and further supply chain disruptions in 2022. Despite these challenges, 2023 and 2024 sales surpassed pre-pandemic levels and are forecast to keep rising through 2025. Covid-19 hits car demand It had been estimated pre-pandemic that international car sales were on track to reach 80 million. While 2023 sales are still far away from that goal, this was the first year were car sales exceeded pre-pandemic values. The automotive market faced various challenges in 2023, including supply shortages, automotive layoffs, and strikes in North America. However, despite these hurdles, the North American market was among the fastest-growing regions in 2024, along with Eastern Europe and Asia, as auto sales in these regions increased year-on-year. Chinese market recovers After years of double-digit growth, China's economy began to lose steam in 2022, and recovery has been slow through 2023. China was the largest automobile market based on sales with around 25.8 million units in 2023. However, monthly car sales in China were in free-fall in April 2022 partly due to shortages, fears over a looming recession, and the country grappling with the COVID-19 pandemic. By June of that same year, monthly sales in China were closer to those recorded in 2021.

In 2020, China, Germany, and the U.S. recorded significant slumps in passenger vehicle sales due to the lockdowns imposed by their respective governments due to the COVID-19 pandemic. In 2021, global passenger vehicle sales increased due to the relaxation of lockdowns on the one hand and stimulus policies on the other hand. However, sales volume in China, Germany, and the U.S. were still below 2019 levels.

In 2020, following the corona virus pandemic, the vehicle industry in the Gulf Cooperation Council (GCC) region had a decrease in its revenue from one time car sales of 23.9 percent compared to 2019. In that year, remote test drives were being introduced to encourage car sales.

The European motor vehicle wholesaling and retailing industry’s revenue is forecast to slump at a compound annual rate of 5.1% over the five years through 2024 to €1,321.8 billion, with a projected decline of 1.9% in 2024. The COVID-19 pandemic stalled demand for new car sales as many showrooms temporarily closed in line with social distancing restrictions and financial uncertainty dissuaded big ticket purchases. The pandemic also contributed to a semiconductor shortage, leading to a substantial backorder at many car dealerships. Revenue slumped through 2022 but made a comeback in 2023 as the semiconductor shortage eased. In the 9 months through September 2023, the EU and UK and car market grew by 16.9% and 20.2% respectively, according to the ACEA and SMMT, marking a hefty rebound in car sales. This surge in car sales boosts profitability for many car dealers. European governments are increasing their efforts to cut emissions in line with climate agreement targets. Zero- and low-emission zones are becoming widespread in European city centres, which restricts entry of high-polluting vehicles. Further, governments are incentivising the uptake of electric vehicles by offering subsidies and zero tax on new purchases. The sale of new diesel and petrol cars will be banned in many countries (2030 in the UK, 2035 in the EU), further encouraging people and fleet owners to switch to an electric vehicle for their next purchase. Over the five years through 2029, revenue is forecast to climb at a compound annual rate of 3.9% to reach €1,599.7 billion. Connected cars will also be a focus for many dealers, as infotainment systems become widely demanded by customers.

It is estimated that 2023 saw plug-in electric light vehicle (PEV) sales of around 13.7 million units. The Chinese market picked up steam after a period of slowdown in 2020, as vehicle manufacturing and demand was at a standstill due to the COVID-19 pandemic. Meanwhile, electric vehicle sales in some of Europe's five largest markets surged in 2023. Electric car sales growth
Global automobile production dropped significantly with the pandemic, with millions of jobs in the industry at risk globally. Later in the year when lockdowns were lifted, demand for new cars bounced back, but the automotive semiconductor shortage impacted supply. Despite these issues, the electric car market experienced a record year, with an increase of over three million in global electric car sales, and notable market share growth. A present task for the future
Many governments put forward green stimulus packages during the pandemic, many of which were directed towards supporting the automotive industry and securing jobs in the sector, with an emphasis on the clean transition. In China, the full new energy vehicle (NEV) subsidy program phase-out was postponed from the end of 2020 to the end of 2022. However, these investments are starting to be rolled back. In Germany, the largest car market in Europe, electric vehicle subsidies abruptly stopped at the end of 2023, following in the footsteps of countries like Norway, which have also moved away from subsidies.

The used passenger car market is a significant sector within the automotive industry. It encompasses the buying and selling of pre-owned vehicles, which are typically offered at lower prices than new cars. This market has experienced steady growth over the years, driven by factors such as rising disposable incomes, urbanization, and the increasing cost of new cars. According to a report by Fortune Business Insights, the global used passenger car market was valued at USD 1,378.92 billion in 2020 and is projected to reach USD 2,394.22 billion by 2028, exhibiting a CAGR of 7.2% during the forecast period. The used passenger car market is expected to continue its growth trajectory in the coming years, supported by several key factors. These include the increasing popularity of online marketplaces for used car sales, the growing preference for certified pre-owned vehicles, and the expansion of the used car market in developing countries. Moreover, the COVID-19 pandemic has led to an increased demand for used cars as consumers seek more affordable transportation options. As the global economy recovers from the pandemic, the used passenger car market is expected to benefit from continued consumer demand and favorable market conditions.

Motor Vehicle Sales: Automobiles data was reported at 50,722.000 Unit in Feb 2025. This records a decrease from the previous number of 50,989.000 Unit for Jan 2025. Motor Vehicle Sales: Automobiles data is updated monthly, averaging 44,106.500 Unit from Jan 1983 (Median) to Feb 2025, with 506 observations. The data reached an all-time high of 124,907.000 Unit in Dec 2016 and a record low of 6,318.000 Unit in Apr 1995. Motor Vehicle Sales: Automobiles data remains active status in CEIC and is reported by National Institute of Statistics and Geography. The data is categorized under Global Database’s Mexico – Table MX.RA003: Vehicle Sales. Refers to the sales of automobiles made to final consumer, including data on vehicle units imported by agencies and companies. Domestic car sales include the units that are manufactured or assembled using domestic and imported parts and components, which are destined for the national market. [COVID-19-IMPACT]

In 2020, motor vehicle sales dropped worldwide, following mobility restrictions amidst the COVID-19 pandemic. Latin American countries were also impacted, although in different levels. In the region's largest vehicle markets, namely Brazil and Mexico, sales decreased by 26.6 and 28.2 percent, respectively, when compared to the previous year. Meanwhile, in Ecuador and Costa Rica, sales of light and heavy motor vehicles declined by more than 35 percent. In contrast, in Uruguay, motor vehicles sales registered a year-over-year drop of 14 percent.

According to Cognitive Market Research, the global automotive LED controllers market will grow and expand at a growth rate or compound annual growth rate (CAGR) of 23.8% from 2023 to 2030. Strict Governmental Lighting Regulations for Improved Sight and Security to Accelerate Market Progress

A significant market driver for Automotive LED Controllers has been Strict lighting rules, which have driven industrialized countries to invest in the global automotive lighting business. Vehicle illumination is critical, especially while traveling on busy highways. Road accidents are a source of concern for governments all around the world.

The World Health Organization (WHO) says road accidents kill 1.3 million people yearly. Road accidents cost most countries 3% of their GDP.

(Source: who.int/news-room/fact-sheets/detail/road-traffic-injuries)

As a result, improving driving conditions is critical, which may be accomplished in part by upgrading the lighting system. To improve road safety, the European Union mandated Daytime Running Lights (DRLs) on every new motor vehicle in 2011.

Market Dynamics of Automotive LED Controller

Costly Nature of LED Lights Is Limiting Market Growth

LED bulbs emit a lot of heat, regulated by adding extra cooling equipment, raising the cost of LED lighting and limiting its expansion during the anticipated period. LED growth is further hampered by high voltage sensitivity throughout the anticipated timeframe. LED lights require a current less than the specified ratings and a voltage greater than the threshold. LED's need for a specialized power supply is expected to degrade its quality and limit its market expansion. The high cost of LED lights is a major issue for the automotive lighting sector. LED bulbs are utilized with projector headlights, which are more costly than reflector headlights and take up more interior space. Meanwhile, halogen, xenon, and LED lights are widely utilized lighting technologies in high-end or luxury automobiles due to benefits such as lower power consumption, cooler temperatures, and LED lights longer self-life.

Impact of COVID-19 on the Automotive LED Controller Market

The worldwide automotive supply chain saw significant growth fluctuations due to the COVID-19 epidemic. The pandemic hampered worldwide manufacturing and global automobile sales. Manufacturing facilities were closed, and new car sales were suspended, hurting the manufacture of vehicle lighting components. Demand for conventional and electric automobiles fell in 2020, affecting the market. Furthermore, the R&D budget was severely slashed, stifling research and development of innovative vehicle lighting systems. The need for lighting is generally proportionate to vehicle output. Vehicle manufacturing and sales have dropped significantly after the emergence of COVID-19, with a 14% drop projected in 2020. Introduction of Automotive LED Controller

New car part designs contain more electronics in considerably smaller sizes than previously. LED modules are being built with a complex light pattern that can be quickly modified with new circuit models to suit market trends while making optimal utilization of design resources. Reduced space is becoming a barrier for LED for automobile makers, and it can only be overcome by integrating LED controller building blocks that are set up quickly and allow interaction between the LED controller IC and the LEDs. Advanced LED controllers in car lighting utilize LED driver technology to deliver low-power, long-lasting, high-efficiency illumination that complies with all road safety criteria and vastly enhances driving pleasure.

For instance, Allegro MicroSystems, LLC, an established supplier and developer of powerful semiconductor remedies, introduced the A6271 DC to DC converter controller for cars' exterior lighting systems, which include fog lights, daylight running lights (DRLs), changing lights, position lights, and headlamps in August 2015. The LED controller has a programmed constant current output that may be used to drive high-power LEDs in series.

(Source: www.allegromicro.com/en/products/regulate/led-drivers/led-drivers-for-lighting/a6271-1)

Motor Vehicle Sales: VAMA: Incl MBV & Lexus: Total data was reported at 15,676.000 Unit in Jan 2025. This records a decrease from the previous number of 27,403.000 Unit for Dec 2024. Motor Vehicle Sales: VAMA: Incl MBV & Lexus: Total data is updated monthly, averaging 20,363.000 Unit from Jan 2011 (Median) to Jan 2025, with 169 observations. The data reached an all-time high of 44,978.000 Unit in Dec 2020 and a record low of 3,679.000 Unit in Feb 2013. Motor Vehicle Sales: VAMA: Incl MBV & Lexus: Total data remains active status in CEIC and is reported by Vietnam Automobile Manufacturer Association. The data is categorized under Global Database’s Vietnam – Table VN.H016: Motor Vehicle Sales: incl MBV and Lexus. [COVID-19-IMPACT]

As per Cognitive Market Research's latest published report, Automotive Rocker Panels Industry's Compound Annual Growth Rate will be 4.63% from 2023 to 2030. Factors Impacting on Automotive Rocker Panels Market

The need for vehicles has increased as the population has grown. People rely on automobiles as to commute to work, visit another state, go on vacation, and do daily errands. Vehicles, in reality, are the most extensively utilized equipment for transportation and other basic everyday necessities.

According to the study, global car sales increased to roughly 66.7 million vehicles in 2021, up from around 63.8 million units in 2020. Almost half of the worldwide customers (46 percent) are thinking about buying a car in the next 12 months, up from 35% in April 2020. 

Moreover, due to COVID-19, several people prefer personal vehicles and avoid carpooling, public transport, and ridesharing in order to eliminate the risk of catching a contagious disease while traveling.

Survey results have stated that more than 60% of respondents have stated that they prefer a personal vehicle more after COVID-19 Pandemic. This also has contributed to the growing sales of cars in the global market.

Rocker panels provide structural reinforcement which not only eliminates sagging in the middle of the vehicle but also plays a crucial role in vehicle safety. Thus, with the increasing automotive industry, the demand for rocker panels also increases driving the growth of the market. Introduction of Automotive Rocker Panels:

Rocker panels (also known as rockers) are stamped pieces of metal that strengthen the ride’s structure and also prevent sagging of the middle portion of the automotive body. It is an integral part of the automobile that connects the front and the back structural body of automobiles.

The U.S. auto industry sold nearly three million cars in 2024. That year, total car and light truck sales were approximately 15.9 million in the United States. U.S. vehicle sales peaked in 2016 at roughly 17.5 million units. Pandemic impact The COVID-19 pandemic deeply impacted the U.S. automotive market, accelerating the global automotive semiconductor shortage and leading to a drop in demand during the first months of 2020. However, as demand rebounded, new vehicle supply could not keep up with the market. U.S. inventory-to-sales ratio dropped to its lowest point in February 2022, as Russia's war on Ukraine lead to gasoline price hikes. During that same period, inflation also impacted new and used car prices, pricing many U.S. consumers out of a market with increasingly lower car stocks. Focus on fuel economy The U.S. auto industry had one of its worst years in 1982 when customers were beginning to feel the effects of the 1973 oil crisis and the energy crisis of 1979. Since light trucks would often be considered less fuel-efficient, cars accounted for about 77 percent of light vehicle sales back then. Thanks to improved fuel economy for light trucks and cheaper gas prices, this picture had completely changed in 2020. That year, prices for Brent oil dropped to just over 40 U.S. dollars per barrel. The decline occurred in tandem with lower gasoline prices, which came to about 2.17 U.S. dollars per gallon in 2020 - and cars only accounted for less than one-fourth of light vehicle sales that year. Four years on, prices are dropping again, after being the highest on record since 1990 in 2022.

Electric Vehicles (EVs) surpassed 3.1 million sales in 2020, with majority of demand derived from Europe. Europe represents more than 45% of the global electric car sales, followed by China and the US. Europe surpassed China in EV sales in 2020 with 1.4 million EVs sold. The growth was driven by both existing policies and COVID stimulus measures. Globally, EV sales grew 40.9% YOY and accounted for 4% of car sales in 2020. However, large scale commercial production of EVs by the big car makers is unlikely to take off until 2025.
The COVID-19 pandemic outbreak caused a decline in the global auto industry, yet electric car sales did the opposite. The growth was supported by quick recovery in China and strong growth in Europe. Over the long term, EV market share is also more likely to increase in China and Europe compared to the US. Innovations in battery technology coupled with favorable regulatory policies will drive EV costs down, which in turn will drive increased adoption. Battery manufacturing is also ramping up, especially in Europe. The region is catching up with Asian rivals in battery manufacturing but requires more efforts to build a complete supply chain.
Power utilities, EV charging point operators, automakers, and EV charging hardware manufacturers, along with other auto industry stakeholders are also supporting increased investment into EV charging infrastructure. Utilities have an important role to play in boosting vehicle electrification. There is a lot of opportunity for those willing to invest in EV infrastructure and customer engagement. With planned investments and policies, the companies will be able to serve new markets. Power utilities are collaborating with EV manufacturers for boosting their offerings in areas such as EV charging, vehicle-to-grid (V2G) services, energy storage and renewable energy sources. Read More

According to Cognitive Market Research, the global Car Waxes market size is USD 925.2 million in 2023 and will expand at a compound annual growth rate (CAGR) of 5.20% from 2023 to 2030. Increasing Sales of Luxury Automobiles Provide Viable Market Output

Despite the pandemic, demand for luxury products skyrocketed. Luxury car sales increased significantly in 2020 and 2021. 2021 Tesla delivered over 936,000 vehicles globally, up from slightly under 500,000 in 2020. Rolls-Royce sales increased nearly 50% to 5,586 vehicles in 2021. This trend is also clearly seen at the national level. Luxury car owners constantly strive to keep their vehicles glossy and new.

Furthermore, tiny surface scratches are highly expensive to repair in high-end vehicles. Car wax on luxury cars acts as a shield, protecting the paint from harm and preventing peeling. It also provides the car with an immaculate shine.

Increasing Sales of Pre-Owned Cars to Propel Market Growth

There is a surge in used vehicle sales. Due to the risk of transmission, many people prefer socially distant personal transportation over public transportation. The market for used cars is robust and increasing, especially for four years old or newer vehicles. These automobiles have many recent innovations but are less expensive than new vehicles. This covers previously owned electric and hybrid vehicles. As inventory shortages hamper the new vehicle market, the used-car sector will continue to attract new customers. Customers like to buy a car that still looks beautiful despite being pre-owned. Wax helps to maintain the outside appearance, which increases the resell value. As a result, the auto wax market is driven by increased pre-owned car sales.

Market Restraints of the Car Waxes market

Growing Awareness of Self-Healing Coatings to Restrict Market Growth

Self-healing coatings can fix suffered damage on their own or in response to external stimuli. Self-healing coatings are employed in vehicle refinishing applications. The self-healing technology enables extensive scratch repair and gloss return, even in previously damaged areas. For example, self-healing epoxies can be integrated into metals as corrosion inhibitors. Some coatings are designed to self-heal fine scratches using a heat gun or hot water. Other coatings are self-healing. For example, Feynlab's self-healing ceramic coating is long-lasting and resistant to chemicals, bird droppings, scratches, dings, and oxidation. If the car acquires a little scratch or ding, the coating will self-heal once heated to 60°C. Waxing the car gives gloss and protection, but to be effective, the wax must be properly reapplied every month, unlike self-healing coatings. This could slow the expansion of the car wax business.

Impact of COVID-19 on the Car Waxes market

The COVID-19 pandemic posed issues for the car wax market since lockdowns and economic uncertainty restricted consumer purchasing of non-essential products. With mobility constraints and reduced vehicle usage, demand for automobile maintenance products like waxes decreased. Social distancing techniques also harmed automotive detailing services. However, as economies improved, a resurgence in car sales and a greater emphasis on vehicle maintenance aided the market's recovery. The transition to internet selling and an increased interest in DIY car care aided the post-pandemic revival of the car wax market. What is Car Wax?

The vehicle wax industry includes compounds that improve the beauty and preservation of automotive paint surfaces. Car Waxes, generally made from natural or synthetic substances, protect against environmental elements, UV radiation, and pollutants. These compounds help to achieve a glossy sheen, depth of color, and water-beading characteristics, extending the life of a vehicle's paint. Manufacturers, retailers, and online distributors are the market's key players. Consumer preferences are determined by simplicity of use, durability, and desired finish. With a focus on protecting and improving the aesthetic appeal of automobiles, the Car Waxes market caters to automotive enthusiasts and daily vehicle owners, striking a balance between protection and visual appeal.

As per Cognitive Market Research's latest published report, Auto Parts Industry's Compound Annual Growth Rate will be 3.42% from 2023 to 2030. Factors Impacting on Auto Parts Market

With increasing population, urbanization, industrialization, and the logistic sector the demand for automobiles for mobility and transportation also increases driving the production of. As the demand for vehicles increases, the demand for auto parts also increases, driving the growth of the industry.
Due to COVID-19, several people prefer personal vehicles in order to eliminate the risk of catching a contagious disease while traveling.
Survey results have stated that more than 60% of respondents have stated that they prefer a personal vehicle more after COVID-19 Pandemic. This also has contributed to the growing sales of cars in the global market. 
An increasing number of older vehicles on the road and expanding aftermarket are also driving the demand for auto-part in the market. 
The economic growth in an emerging market, the trend of buying a car online, purchasing a used car, rising demand for electric and hybrid vehicles, (EV), and emerging E-commerce platforms are expected to bring lucrative opportunities for the growth of the auto-part market. 

What are Auto Parts?

Auto parts are the component elements and systems that make up an automobile. These component elements and systems are part of an assembly that is designed for installation in any type of automotive. The auto parts are manufactured separately and are generally designated for building or repairing automobiles (cars, trucks, motorcycles, and others).

This report covers Philippines Used Car Industry Growth, Trends, Covid-19 Impact, Size And Forecast, Market Research Report Of Philippines Used Car, Philippines Used Car Market Competition, Philippines Used Car Market Major Players, Philippines Used Car Market Sales, Philippines Used Car Market Size, Philippines Used Car Research Report.

According to Cognitive Market Research, the global Automotive Differential Gears market size is USD 20315.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 4.00 % from 2024 to 2031.

North America held the major market of more than 40% of the global revenue with a market size of USD 8126.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.2% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD 6094.56 million.
Asia Pacific held the market of around 23% of the global revenue with a market size of USD 4672.50 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.0% from 2024 to 2031.
Latin America market of more than 5% of the global revenue with a market size of USD 1015.76 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.4% from 2024 to 2031.
Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 406.30 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2031.
Strong economic growth and expanding economies stimulate consumer spending, which increases demand for automobiles across a range of geographic locations. These combined factors are driving the growth of the automotive market.
The hypoid differential gears held the highest automotive differential gears market revenue share in 2024.

Key Drivers of Automotive Differential Gears Market

Rising Demand for Automobiles to Increase the Demand Globally

There is a projected steady increase in the demand for automobiles worldwide, encompassing passenger cars, light commercial vehicles (LCVs), and heavy commercial vehicles (HCVs). Multiple factors drive its rise. First, rising disposable incomes enable people and families to own private automobiles, particularly in emerging countries. Second, fast urbanization and population expansion fuel the necessity for personal transportation, which supports car sales. Finally, growing economies that exhibit strong economic expansion encourage consumer spending, raising the demand for cars in various geographic areas. The automotive market continues to rise due to these combined forces.

Growing Popularity of SUVs and Light Trucks to Propel Market Growth

The popularity of SUVs and light trucks is rising, propelling the automotive industry's overall expansion. These cars, highly desirable because of their adaptability and power, frequently require stronger differential systems because of their bigger size and unique driving qualities. Since SUVs and light trucks are more popular among consumers for family transportation, outdoor excursions, and business applications, there is a proportional increase in demand for automobiles with improved differential systems. This tendency is driving not just the market for SUVs and light trucks but also the development of differentiated technology and innovation, which drives market expansion in the automotive industry.

Restraint Factors of Automotive Differential Gears Market

Volatile Raw Material Prices to Limit the Sales

Variable raw material costs are a major problem for manufacturers, especially regarding necessary parts like aluminum and steel used to make differential gears. The profitability of producers in the automobile industry can be directly impacted by fluctuations in the prices of various raw materials, which can significantly affect production costs. While abrupt drops in raw material prices may provide short-term respite, they can also cause supply chain disruption and market volatility. Sharp increases in raw material costs have the potential to reduce profit margins. Manufacturers commonly use tactics like hedging, supplier diversity, and process optimization to increase cost-effectiveness and efficiency and reduce risk related to fluctuating raw material costs.

Impact of Covid-19 on the Automotive Differential Gears Market

The COVID-19 epidemic had a major effect on the automotive differential gears market. Global auto production and sales have significantly decreased due to the extensive disruptions brought on by lockdowns, supply chain breakdowns, and economic downturns. The need for differential gears decreased as automakers lowered production levels to meet lower demand and get around logistical issues. Market dynamics were further compounded by ...