Global automotive powertrain market is expected to represent a value of over US$ 500 Mn by the end of 2026. Demand of automotive powertrain to record a CAGR of 5.2% during the aforementioned assessment period.
Growing need for comfort, safety and performance is becoming a major concern in the automotive industry. In order to generate power in the engine, rev up acceleration, gain traction and the high towing capacity, manufacturers are increasingly integrating powertrains in the vehicles.
In addition, the manufacturers in the automotive industry are also focusing on incorporating the powertrain sensors and actuators in the vehicle for enhanced transmission system.
Surge in demand for enhanced transmission system will continue to fuel demand for automotive powertrain globally. Imposition of government regulations regarding emission of carbon dioxide will further continue to impact growth of the global automotive powertrain market positively.
Government Regulations to Impact Global Market Growth
As government in various countries are increasingly focusing on developing smart cities, demand for the electric vehicles is bound to increase globally. In order to reduce the emission of carbon dioxide in the environment, government in various countries are increasingly imposing regulations regarding the level of carbon dioxide emitted in the country.
Growing need to reduce the level of emission and control the pollution level has led to increasing demand for electric vehicles. Surge in demand for electric vehicles will continue to rev up demand for the automotive powertrain globally.
Technological Advancements to Underscore Lucrative Growth Opportunities
In order to reduce the consumption and fuel emission, manufacturers are increasingly focusing on incorporating engine downsizing in the vehicles.
Increasing integration of engine downsizing will continue to remain a major trend in the automotive industry globally. In addition, manufacturers are also focusing on integrating engine management sensors to improve the efficiency of the engine and optimize the fuel economy.
Moreover, companies in the automotive industry are further concentrating on offering vehicles equipped with sensor clusters and smart actuators. Growing need to integrate automotive components such as transmission, smart actuators and sensor clusters will continue to fuel demand for automotive powertrain globally.
Manufacturers are also focusing on integrating leading technological features such as combustion control to ensure effective prevention of the environmental pollution. Bound to these factors, the global automotive powertrain market is expected to witness significant growth during the forecast period.
Gasoline Powertrain to Represent a Leading Segment
Growing need for power in all the wheels of the vehicle is expected to rev up demand for all wheel drive in the automotive industry. On the basis of position type, the all wheel drive segment is expected to represent the highest revenue growth, accounting for a value of over US$ 80 Mn by the end of 2026.
Moreover, the all wheel drive position type segment is expected to register a robust CAGR throughout the forecast period.
Based on vehicle type, the light commercial vehicle segment is expected to generate significant revenues, recording a value of over US$ 30 Mn by the end of 2017. However, the mid-sized vehicle type segment and the compact vehicles segment is expected to register a significant CAGR through 2026.
By powertrain type, the gasoline segment is expected to witness a significant revenue growth, accounting for a value of over US$ 100 Mn by the end of 2026. In contrary, the battery electric vehicle powertrain type segment is expected to register the highest CAGR during the forecast period.
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Leading market players operating in the global automotive powertrain market include
- General Motors
- Ford Motors
- Volkswagen Group
- BorgWarner Inc.
- JTEKT Corp.
- GKN plc.
- Magna Powertrain Ltd.
- Delphi Automobile LLP
(Additional information, including cross-sectional data and country-wise analysis & forecast is available in the report)
Growing need for an effective transmission system in vehicles is expected to fuel demand for automotive powertrains globally. In addition, imposition of regulations regarding reducing the emission level is expected to impact growth of the global automotive powertrain market positively. This report, compiled by Fact.MR, provides in-depth analysis of the global automotive powertrain market for the forecast period 2017-2026, and offers key insights about future market direction.
The scope of Fact.MR’s report is to analyze the global automotive powertrain market for the forecast period 2017-2026 and provide readers an unbiased and accurate analysis. Automotive powertrain manufacturers, stakeholders, and suppliers in the global consumer goods sector can benefit from the analysis offered in this report. This report offers a comprehensive analysis, which can be of interest to leading trade magazines and journals pertaining to automotive powertrain.
The report commences with a brief information of the global automotive powertrain market. This executive summary sets the tone for the rest of the report, providing users the scope of the report. The executive summary includes important facts and statistics on the global automotive powertrain market.
The next section offers an overview of the global automotive powertrain market. This comprises an introduction to the market, along with a standard definition of the product – automotive powertrain. In this section, market value and year-over-year growth is offered to the readers. Year-over-year growth provides readers with a broader view of growth patterns over the forecast period.
The report’s succeeding section focuses on drivers, restraints and key trends from macroeconomic, demand, and supply perspectives. Impact analysis of weighted average model-based growth drivers is contained in the report for better provision of decision-making insights to clients.
In order to offer readers with up-to-date information about the latest advancements in the global automotive powertrain market, the report provides updates about market opportunities, which can benefit leading manufacturers of automotive powertrain. With continuous evolution of the consumer goods sector, keeping a record of latest developments and trends is fundamental for automotive powertrain manufacturers to formulate key business strategies. Detailed insights about raw material sourcing, supply chain, pricing analysis, list of distributors, and cost structure are provided in this section.
Considering the wide scope of the global automotive powertrain market and to offer in-depth insights, Fact.MR’s report provides segment-wise analysis and forecast. The automotive powertrain market has been categorized on the basis of position type, vehicle type, powertrain type, and region. This segmentation analysis is comprehensive, coupled with a detailed country-wise forecast provided on all parameters.
The report’s last section comprises of the global automotive powertrain market competitive landscape, to provide readers with the dashboard view of company analysis and market players. This competitive intelligence is based on the providers’ categories across value chain, and their presence in the global automotive powertrain market.
Fact.MR is committed to offer unbiased and independent market research solutions to its clients. Each market report of Fact.MR is compiled after months of exhaustive research. We bank on a mix of tried-and-tested and innovative research methodologies to offer the most comprehensive and accurate information. Our main sources of research include,
- Primary research
- Secondary research
- Trade research
- Focused interviews
- Social media analysis
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