The powertrain is the main component in the vehicle that generates and delivers power. This includes the engine, transmission, differentials, driveshaft, and the final drive. Increasing vehicle production led to an increase in the demands for a powertrain that boosting the growth of the automotive powertrain market. A surge in the huge demand for passenger cars is also positively impacting the growth of the automotive powertrain market. Stringent government regulation about emission and growing awareness about eco-friendly powertrain is booming the growth of the market.
MARKET SCOPE
The "Global Automotive Powertrain Market Analysis to 2028" is a specialized and in-depth study of the Automotive Powertrain market with a special focus on the global market trend analysis. The report aims to provide an overview of Automotive Powertrain market with detailed market segmentation engine type, vehicle type, and geography. The global Automotive Powertrain market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Automotive Powertrain market players and offers key trends and opportunities in the Automotive Powertrain market.
MARKET SEGMENTATION
- On the basis of engine type the market is segmented ICE, electric.
- On the basis of vehicle type the market is segmented as passenger cars, commercial vehicles
MARKET DYNAMICS
Drivers:
- Rising demand for the EV due to its low emission
- Increasing demand for automated transmission and growing trend for engine downsizing
- Technical advancement and continuous development in the powertrain to increase the efficiency and to minimize emissions
Restraint -
- Disruptions in supply chain
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Automotive Powertrain market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Automotive Powertrain market in these regions.
IMPACT OF COVID-19 ON AUTOMOTIVE POWERTRAIN MARKET
COVID-19 severely impacted the automobile industry by the end of 2020 as there were several travel bans and other lockdown related restrictions imposed across the globe. The impact of the pandemic extends to all segments of the automotive and transportation industry, including Automotive Powertrain manufacturers. As a result of travel restrictions and economic slowdown due to the pandemic and the consequent fall in demand, automotive manufacturers have been focusing on reducing costs and expenses, which includes cutting back on production spending. Due to long duration of halts in the supply chain of major automotive production, the Automotive Powertrain suppliers have been facing a reduction in demand. However, as the lockdown measures start getting lifted, the demand for passenger cars with improved safety features is expected to rise. Since Automotive Powertrain are one of the vital components of automobile vehicles, the market of Automotive Powertrain is expected to regain momentum. Moreover, the rise in demand of electric vehicles in spite of the pandemic, is driving the growth of automotive powertrain.
MARKET PLAYERS
The reports cover key developments in the Automotive Powertrain market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from Automotive Powertrain market are anticipated to lucrative growth opportunities in the future with the rising demand for Automotive Powertrain market. Below mentioned is the list of few companies engaged in the Automotive Powertrain market.
The report also includes the profiles of key Automotive Powertrain market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- AISIN SEIKI Co., Ltd.
- BorgWarner Inc.
- Ford Motor Company
- General Motors Company
- GKN Automotive Limited
- Hyundai Motor Company
- JTEKT Corporation
- TOYOTA MOTOR CORPORATION
- Volkswagen AG
- ZF Friedrichshafen AG