Strategic Analysis of the Global Automotive Powertrain Market, Forecast To 2027

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 Automotive Powertrain Market –

  • The automotive powertrain is the unit that comprises diverse systems, ranging from the source of power generation and the overall transmission assembly to the tire of the vehicle. For a conventional vehicle, the powertrain comprises multiple components such as an engine, transmission unit, differential, and shaft.
  • The global automotive powertrain market is anticipated to expand at a moderate pace during the forecast period; however, a significant shift in the trend towards the adoption of electric vehicles is likely to be witnessed during the forecast period.

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Global Automotive Powertrain Market – Drivers

  • The market for the automotive powertrain is driven by the production of vehicles and demand for aftermarket components of the power train unit.
  • Developments in technology, such as the introduction of electric and hybrid vehicles that comprise electric motor and battery in the powertrain, are likely to boost the market during the forecast period which is attributable to the high cost of the powertrain battery.
  • High demand for four-wheel drive vehicles contributes to the expansion of the automotive powertrain market, as four-wheel drive vehicles comprise a higher number of components in their powertrain units such as power differentials and transfer cases.
  • The rising stringency of emission norms across the majority of developing and developed countries is boosting the emphasis on engine downsizing, which requires additional power boosters such as turbochargers and superchargers, and other additional components. This, in turn, is expected to propel the automotive powertrain market.
  • Increasing preference for fast and powerful vehicles is anticipated to be the key factor that is projected to boost the automotive powertrain market, as these vehicles comprise high capacity engines as well as other high strength powertrain components.

Global Automotive Powertrain Market – Restraints

  • High dependence of the automotive powertrain market on vehicle production can be a restraining factor, as the decline in production for vehicles, due to the economic downturn, is expected to hamper the powertrain market
  • Local governments of majority high population urban areas across the globe are emphasizing on the adoption of public transport, which in turn is estimated to hinder the automotive powertrain market

Global Automotive Powertrain Market – Opportunities

  • Rising inclination toward electric vehicles is likely to offer significant opportunity for the market players who have a presence in the manufacturing of electric vehicle drivetrains during the forecast period, thus development and production of components for hybrid and electric vehicles is expected to consolidate the position of that particular manufacturer in the automotive powertrain market

Asia Pacific to hold a prominent share during the forecast period

  • Asia Pacific is a prominent producer of automotive components across the globe and the region is an emerging market for electric vehicles. China and India are major producers of automotive components, and China is likely to lead the global production of electric vehicles, which is anticipated to drive the automotive powertrain market in China.
  • Europe is another prominent market for automotive powertrain due to the presence of a large number of automotive manufacturers, such as Volkswagen AG, BMW AG, and Daimler AG, who are leading manufacturers of luxury vehicles that comprise powerful, advanced powertrain units.

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Global Automotive Powertrain Market – Competitive Landscape

Automotive powertrains comprise a large number of components and hence, the market comprises a large number of key players who hold a notable share of the automotive powertrain market. Some of the leading players in the market are:

  • Aisin Seiki Co., Ltd.
  • BorgWarner Inc.
  • GKN PLC
  • ZF Friedrichshafen AG
  • Robert Bosch GmbH
  • Showa Corporation
  • Cummins Inc.
  • Magneti Marelli S.p.A.
  • Continental AG
  • Schaeffler AG
  • AVTEC
  • Altair Nanotechnologies Inc. 
  • Aptiv PLC
  • Eaton

Global Automotive Powertrain Market – Research Scope

Global Automotive Powertrain Market, by Vehicle

  • Passenger Vehicle
  • Light Commercial Vehicle
  • Heavy Commercial Vehicle

Global Automotive Powertrain Market, by Powertrain

  • Battery Electric Vehicle
  • Hybrid Electric Vehicle
  • ICE Powered Vehicle

Global Automotive Powertrain Market, by Sales Channel

  • OEM
  • Aftermarket

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