Global Powertrain Market, By Components (Engine, Transmission, Drive Shafts, Differentials and Final Drive), Technology Type (Hybrid and Automated), Engine (Gasoline and Diesel), Position (Front-Wheel Drive, Rear-Wheel Drive and All-Wheel Drive), Vehicle (Passenger Car, Commercial Vehicle, Off-Road Vehicle, Construction Equipment, Defence Vehicle and Agriculture Vehicles), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, South Africa, Saudi Arabia, U.A.E, Israel, Egypt, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Data Bridge Market Research analyses that the powertrain market would exhibit a CAGR of 5.10% for the forecast period. Rising technological advancements as automatic transmission, increasing passenger population and increased focus on energy efficient modes of transportation are the two major factors attributable to the growth of powertrain market. This signifies that, the global powertrain market would stand tall by USD 552.30 million by the year 2028.
Powertrain is a product of automotive industry wherein the powertrain transmits drive from the engine to rear and front axles. The powertrain incorporates the application of drive shaft and drive train to transfer power from engine to the axle of the vehicle which in turn enables mobility. It also uses every component that converts the engine's power into movement. Powertrains offer a wide range of benefits such as fuel efficient, less polluting and longer life. Various factors are to be kept in mind by the manufacturers during the manufacturing process in regards to components of the powertrain.
Increased urbanization coupled with increasing rate of car production in developing economies like China and India has resulted in growth in the powertrain market value. Growth and expansion of automotive industry in general will also create lucrative and remunerative growth opportunities for the powertrain market. Increasing demand for commercial and passenger vehicles owing to the ever-rising population and increasing personal disposable income will also foster the powertrain market growth rate. Stringent regulations on vehicular emissions will also propel the powertrain market growth rate. Increasing environmental concerns coupled with supportive initiatives by the government are some other important powertrain market growth determinants.
However, absence of information regarding the availability of sustainable powertrain solutions will pose a major slowdown the powertrain market growth rate. Also, increased initiatives by the government to promote the adoption of public transports will also hamper the powertrain market growth rate.
This powertrain market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on powertrain market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Powertrain Market Scope and Market Size
The powertrain market is segmented on the basis of components, technology type, engine, position and vehicle. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- Powertrain market on the basis of components has been segmented as engine, transmission, drive shafts, differentials and final drive.
- Based on technology type, the powertrain market has been segmented into hybrid and automated.
- On the basis of engine, the powertrain market has been segmented into gasoline and diesel.
- On the basis of position, the powertrain market has been segmented into front-wheel drive, rear-wheel drive and all-wheel drive.
- Powertrain has also been segmented on the basis of vehicle into passenger car, commercial vehicle, off-road vehicle, construction equipment, defense vehicle and agriculture vehicles.
Global Powertrain Market Country Level Analysis
Global powertrain market is analysed and market size insights and trends are provided by country, components, technology type, engine, position and vehicle as referenced above.
The countries covered in the powertrain market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), South Africa, Saudi Arabia, U.A.E, Israel, Egypt, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America and Europe collectively dominate the powertrain market and will continue to flourish its trend of dominance during the forecast period. This is because of the earliest adoption of powertrains in these regions coupled with increased focus of the manufacturers on technological advancements. Asia-Pacific on the other hand is projected to register the highest CAGR during the forecast period owing to the increase in population, rise in the purchasing power of consumers and increasing demand for passenger vehicles in major countries in the region such as China and India.
The country section of the powertrain market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Competitive Landscape and Powertrain Market Share Analysis
The powertrain market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to powertrain market.
The major players covered in the powertrain market report are Continental AG, DENSO CORPORATION, General Motors, Delphi Technologies, Hyundai Motor Company, Magna International Inc., Mahindra & Mahindra Ltd., AISIN CORPORATION, Ford Motor Company, Melrose Industries PLC, Volkswagen, Robert Bosch GmbH, Eaton, Hitachi, Ltd., BorgWarner Inc., Marelli Holdings Co,. Ltd., TOYOTA MOTOR CORPORATION, ZF Friedrichshafen AG, American Axle & Manufacturing, Inc. and JTEKT Corporation among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.