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Electric Powertrain Market Size Will Reach US$ 200 billion by 2027

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[150+ Pages Report] The electric powertrain market size is predicted to hit around US$ 200 billion by 2027 and is expected to grow at a compound annual growth rate (CAGR) of 14% from 2021 to 2027.

The electric powertrain market report covers a detailed analysis for the historic period 2017-2020, considering 2021 as the base year and forecast (growth) for 2021-2027.

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This research report evaluates the electric powertrain market on a global and regional level. It offers a thorough analysis of the market revenue status, growth, future trends, and forecast of the global electric powertrain market for the period from 2017 to 2027.

Growth Factors

Increasing sales of electric vehicles owing to stringent government norms in various regions to curb the carbon footprint along with various environmental protection laws for automotive sector expected to drive the overall market growth of electric powertrain. In the wake of same, governments of different regions also offer attractive incentives and policies to spur the adoption of electric and battery-powered vehicles in the region.

With technological development, the industry is approaching an extensive powertrain mix as the automotive industry is shifting its trend towards more efficient and environmentally friendly transportation. The overall powertrain landscape is slowly becoming dynamic and complex with the emergence of the electric powertrain. The rate of adoption of electric powertrain would be dependent on four major factors, namely technology, infrastructure, regulations, and consumer preference.

The penetration of PHEVs and BEVs would strongly determine the current as well as future adoption of electric powertrain globally. Europe and U.S. seeks rigorous regulations related to the carbon emission. Leading its way, Europe has fixed its emission limits of 95 g/km by the year 2020 and aimed at further reduction of 37.5 percent by 2030 that would result in a limit of 59 g/km. Similarly, North America has set its emission limit at over 99 g/km following passenger-vehicle Corporate Average Fuel Economy (CAFE) standards for the year 2025. To meet the targets for emission and avoid penalties, numerous OEMs have increased their focus towards electric vehicle production.

Market Report Scope

Report Highlights Details
Market Size USD 200 Billion by 2027
Growth Rate CAGR of 13.8% from 2021 to 2027
Largest Market Asia Pacific
Fastest Growing Market Europe
Base Year 2021
Forecast Period 2021 to 2027

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This report enables readers to make important decisions with regard to their business, with the help of a wealth of Information enclosed in the study. The report also provides the compound annual growth rate (CAGR) of the global electric powertrain market for the forecast period of 2021–2027. This data can help readers interpret quantitative growth aspects of the global market during the forecast period. It presents a wealth of information on key market dynamics, including drivers, market trends, and challenges, as well as the structure of the global market across the globe.

The report analyzes the historical and present-day scenario of the global electric powertrain market to accurately gauge its growth potential. The study presents detailed information about important growth factors, restraints, and key trends that are creating the landscape for growth of the global market in order to identify opportunities for stakeholders.

Key Highlights

  • In 2019, the Asia Pacific emerged as the global leader with a value share of approximately 60% attributed to the rising adoption of electric vehicles in emerging countries such as India and China
  • Europe is projected to be a significant market for electric powertrain owing to the presence of numerous OEMs along with significant rate of adoption for EV
  • By electric vehicle, the BEV segment dominated the market with nearly 70% of value share in 2019 due to stringent government policies to regulate the carbon emission
  • HEV/PHEVs analyzed to witness prominent growth over the forecast period due to its specific design that enhances the application of IEC in interaction with electric powertrain
  • Based on component, the battery segment led the global electric powertrain market accounting for a value share of nearly 36% in the year 2019
  • Motor/generator component expected to show lucrative growth over the analysis period attributed to the escalated penetration of PHEV and BEV across the globe

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Competition Landscape

In the final section of the research report, Precedence Research provided the global electric powertrain market structure and a detailed competition landscape to provide a dashboard view of key players operating in the global market along with their business strategies to report audiences. This section is primarily designed to provide clients with an objective and detailed comparative assessment of the key providers specific to a market segment in the value chain of the market.

Some of the major players in the electric powertrain market include:

  • Bosch Limited
  • BorgWarner
  • Mitsubishi Electric Corp.
  • Schaeffler AG
  • Magna International Inc.
  • ZF Friedrichshafen AG
  • Nidec Corporation
  • Valeo
  • Continental AG
  • Magneti Marelli Ck Holdings

Market Segmentation

By Electric Vehicle

  • Battery Electric Vehicle (BEV)
  • Hybrid Electric Vehicle/Plug-in Hybrid Electric Vehicle (HEV/PHEV)

By Component

  • Battery
  • Motor/Generator
  • Power Electronics Controller
  • Transmission
  • Converter
  • On-board Charger

Regional Segmentation

– North America (U.S. and Canada)

 – Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)

 – Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)

 – Latin America (Brazil and Rest of Latin America)

– Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)

Research Methodology

  • Market estimate for 2020
  • Average selling price (ASP) per region for specific product type
  • Filtrations and assortment of gathered data, to estimate the base year (2021) market size for the country
  • Gathering data from company websites, annual reports, white papers, financial reports, broker reports, investor presentations, and SEC filings
  • National government documents, statistical databases
  • News articles, press releases, and webcasts specific to companies operating in the market
  • Country wise analysis through internal and external proprietary databases, and relevant patent and regulatory databases
  • Determination of market penetration by country

Most Asked Questions –

What was the market size value of the electric powertrain in 2020?

What is the expected market size by 2027?

What is the electric powertrain market growth?

What are the key factors that positively influence market growth?

Who are the prominent players in the electric powertrain market?

Why Buy this Report?

The purpose of Precedence Research’s electric powertrain market study is to provide stakeholders with a detailed picture of potential barriers and untapped opportunities. The report contains exclusive information to assist businesses in making informed decisions about how to maintain growth throughout the assessment period.

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective
1.2. Scope of the Study
1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope

4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis

Chapter 5. Market Dynamics Analysis and Trends

5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition

Chapter 6. Competitive Landscape

6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers

Chapter 7. Global Electric Powertrain Market, By Electric Vehicle

7.1. Electric Powertrain Market, by Electric Vehicle Type, 2020-2027
7.1.1. Battery Electric Vehicle (BEV)
7.1.1.1. Market Revenue and Forecast (2016-2027)
7.1.2. Hybrid Electric Vehicle/Plug-in Hybrid Electric Vehicle (HEV/PHEV)
7.1.2.1. Market Revenue and Forecast (2016-2027)

Chapter 8. Global Electric Powertrain Market, By Component

8.1. Electric Powertrain Market, by Component, 2020-2027
8.1.1. Battery
8.1.1.1. Market Revenue and Forecast (2016-2027)
8.1.2. Motor/Generator
8.1.2.1. Market Revenue and Forecast (2016-2027)
8.1.3. Power Electronics Controller
8.1.3.1. Market Revenue and Forecast (2016-2027)
8.1.4. Transmission
8.1.4.1. Market Revenue and Forecast (2016-2027)
8.1.5. Converter
8.1.5.1. Market Revenue and Forecast (2016-2027)
8.1.6. On-board Charger
8.1.6.1. Market Revenue and Forecast (2016-2027)

Chapter 9. Global Electric Powertrain Market, Regional Estimates and Trend Forecast

9.1. North America
9.1.1. Market Revenue and Forecast, by Electric Vehicle (2016-2027)
9.1.2. Market Revenue and Forecast, by Component (2016-2027)
9.1.3. U.S.
9.1.3.1. Market Revenue and Forecast, by Electric Vehicle (2016-2027)
9.1.3.2. Market Revenue and Forecast, by Component (2016-2027)
9.1.4. Rest of North America
9.1.4.1. Market Revenue and Forecast, by Electric Vehicle (2016-2027)
9.1.4.2. Market Revenue and Forecast, by Component (2016-2027)
9.2. Europe
9.2.1. Market Revenue and Forecast, by Electric Vehicle (2016-2027)
9.2.2. Market Revenue and Forecast, by Component (2016-2027)
9.2.3. UK
9.2.3.1. Market Revenue and Forecast, by Electric Vehicle (2016-2027)
9.2.3.2. Market Revenue and Forecast, by Component (2016-2027)
9.2.4. Germany
9.2.4.1. Market Revenue and Forecast, by Electric Vehicle (2016-2027)
9.2.4.2. Market Revenue and Forecast, by Component (2016-2027)
9.2.5. France
9.2.5.1. Market Revenue and Forecast, by Electric Vehicle (2016-2027)
9.2.5.2. Market Revenue and Forecast, by Component (2016-2027)
9.2.6. Rest of Europe
9.2.6.1. Market Revenue and Forecast, by Electric Vehicle (2016-2027)
9.2.6.2. Market Revenue and Forecast, by Component (2016-2027)
9.3. APAC
9.3.1. Market Revenue and Forecast, by Electric Vehicle (2016-2027)
9.3.2. Market Revenue and Forecast, by Component (2016-2027)
9.3.3. India
9.3.3.1. Market Revenue and Forecast, by Electric Vehicle (2016-2027)
9.3.3.2. Market Revenue and Forecast, by Component (2016-2027)
9.3.4. China
9.3.4.1. Market Revenue and Forecast, by Electric Vehicle (2016-2027)
9.3.4.2. Market Revenue and Forecast, by Component (2016-2027)
9.3.5. Japan
9.3.5.1. Market Revenue and Forecast, by Electric Vehicle (2016-2027)
9.3.5.2. Market Revenue and Forecast, by Component (2016-2027)
9.3.6. Rest of APAC
9.3.6.1. Market Revenue and Forecast, by Electric Vehicle (2016-2027)
9.3.6.2. Market Revenue and Forecast, by Component (2016-2027)
9.4. MEA
9.4.1. Market Revenue and Forecast, by Electric Vehicle (2016-2027)
9.4.2. Market Revenue and Forecast, by Component (2016-2027)
9.4.3. GCC
9.4.3.1. Market Revenue and Forecast, by Electric Vehicle (2016-2027)
9.4.3.2. Market Revenue and Forecast, by Component (2016-2027)
9.4.4. North Africa
9.4.4.1. Market Revenue and Forecast, by Electric Vehicle (2016-2027)
9.4.4.2. Market Revenue and Forecast, by Component (2016-2027)
9.4.5. South Africa
9.4.5.1. Market Revenue and Forecast, by Electric Vehicle (2016-2027)
9.4.5.2. Market Revenue and Forecast, by Component (2016-2027)
9.4.6. Rest of MEA
9.4.6.1. Market Revenue and Forecast, by Electric Vehicle (2016-2027)
9.4.6.2. Market Revenue and Forecast, by Component (2016-2027)
9.5. Latin America
9.5.1. Market Revenue and Forecast, by Electric Vehicle (2016-2027)
9.5.2. Market Revenue and Forecast, by Component (2016-2027)
9.5.3. Brazil
9.5.3.1. Market Revenue and Forecast, by Electric Vehicle (2016-2027)
9.5.3.2. Market Revenue and Forecast, by Component (2016-2027)
9.5.4. Rest of LATAM
9.5.4.1. Market Revenue and Forecast, by Electric Vehicle (2016-2027)
9.5.4.2. Market Revenue and Forecast, by Component (2016-2027)

Chapter 10. Company Profiles

10.1. Bosch Limited
10.1.1. Company Overview
10.1.2. Product Offerings
10.1.3. Financial Performance
10.1.4. Recent Initiatives
10.2. BorgWarner
10.2.1. Company Overview
10.2.2. Product Offerings
10.2.3. Financial Performance
10.2.4. Recent Initiatives
10.3. Mitsubishi Electric Corp.
10.3.1. Company Overview
10.3.2. Product Offerings
10.3.3. Financial Performance
10.3.4. Recent Initiatives
10.4. Schaeffler AG
10.4.1. Company Overview
10.4.2. Product Offerings
10.4.3. Financial Performance
10.4.4. Recent Initiatives
10.5. Magna International Inc.
10.5.1. Company Overview
10.5.2. Product Offerings
10.5.3. Financial Performance
10.5.4. Recent Initiatives
10.6. ZF Friedrichshafen AG
10.6.1. Company Overview
10.6.2. Product Offerings
10.6.3. Financial Performance
10.6.4. Recent Initiatives
10.7. Nidec Corporation
10.7.1. Company Overview
10.7.2. Product Offerings
10.7.3. Financial Performance
10.7.4. Recent Initiatives
10.8. Valeo
10.8.1. Company Overview
10.8.2. Product Offerings
10.8.3. Financial Performance
10.8.4. Recent Initiatives
10.9. Continental AG
10.9.1. Company Overview
10.9.2. Product Offerings
10.9.3. Financial Performance
10.9.4. Recent Initiatives
10.10. Magneti Marelli Ck Holdings
10.10.1. Company Overview
10.10.2. Product Offerings
10.10.3. Financial Performance
10.10.4. Recent Initiatives

Chapter 11. Research Methodology

11.1. Primary Research
11.2. Secondary Research
11.3. Assumptions

Chapter 12. Appendix

12.1. About Us
12.2. Glossary of Terms

Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.

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Precedence Research

Precedence Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Precedence Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings.

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