The global automotive powertrain market size is expected to be worth around US$ 2 trillion by 2030, according to a new report by Vision Research Reports.
The global automotive powertrain market size was valued at US$ 698.86 billion in 2020 and is anticipated to grow at a CAGR of 12.6% during forecast period 2021 to 2030.
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Report Coverage
| Report Scope | Details |
| Market Size | US$ 2 trillion by 2030 |
| Growth Rate | CAGR of 12.6% From 2021 to 2030 |
| Base Year | 2021 |
| Forecast Period | 2021 to 2030 |
| Segments Covered | Vehicle type, propulsion type |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
| Companies Mentioned | BorgWarner; Continental AG; Magna International Inc.; Marelli Holdings Co., Ltd.; Mitsubishi Electric Corp; Nidec Corporation; Robert Bosch GmbH; Schaeffler AG; Valeo; ZF Friedrichshafen AG |
Growth Factors
The increasing demand for environment-friendly vehicles and increasingly stringent government regulations regarding vehicular emission are expected to favor the demand for automotive powertrains in the market. Moreover, technological advancements in powertrain systems to enhance the vehicle’s efficiency are anticipated to boost market growth prospects over the forecast period.
The adoption rate and pace of evolution of automotive powertrain vary across regions according to purchase subsidies, regulatory differences, road pricing, fuel taxation policy, state support, and consumer preferences. In Europe and countries such as China, South Korea, and Japan, stringent regulations are expected to make OEMs shift their focus on electrified powertrain options. Other significant factors that constitute the evolution of powertrain include developing charging infrastructure in different regions globally.
By Vehicle Type Analysis
The passenger vehicle segment accounted for the largest share of around 77% in 2020 and is anticipated to maintain its dominance over the forecast period as well. The shortage of computer chips in the automotive industry has affected production volumes and hindered market growth.
The commercial vehicle segment is projected to register a CAGR of over 11.7% over the forecast period owing to the increasing demand for a unified supply chain network connecting multiple transportation modes, including freight rail, air, and express delivery services, maritime transport, and truck transport.
By Propulsion Type Analysis
The Internal Combustion Engine (ICE) segment accounted for the largest share of around 91% of the overall market in 2020. The ICE segment consists of gasoline, diesel, and natural gas vehicles.
The electric vehicle segment is projected to register a CAGR of over 29.8% over the forecast period. The slowdown in the sales of internal combustion engine vehicles and restrictions on CO2 targets have helped increase the demand for electric vehicles.
By Regional Analysis
The Asia Pacific regional market accounted for the largest revenue share of more than 60% in 2020. It is anticipated to continue leading with a CAGR exceeding 12.0% over the forecast period. China remains the world’s largest manufacturer of automobiles as well as the leading automotive market.
Europe is estimated to expand at the highest CAGR of over 12.8% over the forecast period. The rapidly growing demand for hybrid and electric vehicles is expected to favor the growth of the electric powertrain market.
Key Players
- BorgWarner
- Continental AG
- Magna International Inc.
- Marelli Holdings Co., Ltd.
- Mitsubishi Electric Corp
- Nidec Corporation
- Robert Bosch GmbH
- Schaeffler AG
- Valeo
- ZF Friedrichshafen AG
Market Segmentation
- By Vehicle Type
- Passenger Vehicle
- Commercial Vehicle
- By Propulsion Type
- ICE
- Gasoline
- Diesel
- Natural Gas Vehicle
- BEV
- PHEV
- Electric Vehicle
- ICE
- Regional
- North America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- Asia Pacific
- Greater China
- Japan
- India
- South Korea
- Latin America
- Middle East & Africa
- North America
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Reasons to Purchase this Report:
– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
Table of Contents
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 Automotive Powertrain Market, By Vehicle Type
7.1. Automotive Powertrain Market, by Vehicle Type, 2021-2030
7.1.1. Passenger Vehicle
7.1.1.1. Market Revenue and Forecast (2017-2030)
7.1.2. Commercial Vehicle
7.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 8. Global Automotive Powertrain Market, By Propulsion Type
8.1. Automotive Powertrain Market, by Propulsion Type, 2021-2030
8.1.1. ICE
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. BEV
8.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 9. Global Automotive Powertrain Market, Regional Estimates and Trend Forecast
9.1. North America
9.1.1. Market Revenue and Forecast, by Vehicle Type (2017-2030)
9.1.2. Market Revenue and Forecast, by Propulsion Type (2017-2030)
9.1.3. U.S.
9.1.3.1. Market Revenue and Forecast, by Vehicle Type (2017-2030)
9.1.3.2. Market Revenue and Forecast, by Propulsion Type (2017-2030)
9.1.4. Rest of North America
9.1.4.1. Market Revenue and Forecast, by Vehicle Type (2017-2030)
9.1.4.2. Market Revenue and Forecast, by Propulsion Type (2017-2030)
9.2. Europe
9.2.1. Market Revenue and Forecast, by Vehicle Type (2017-2030)
9.2.2. Market Revenue and Forecast, by Propulsion Type (2017-2030)
9.2.3. UK
9.2.3.1. Market Revenue and Forecast, by Vehicle Type (2017-2030)
9.2.3.2. Market Revenue and Forecast, by Propulsion Type (2017-2030)
9.2.4. Germany
9.2.4.1. Market Revenue and Forecast, by Vehicle Type (2017-2030)
9.2.4.2. Market Revenue and Forecast, by Propulsion Type (2017-2030)
9.2.5. France
9.2.5.1. Market Revenue and Forecast, by Vehicle Type (2017-2030)
9.2.5.2. Market Revenue and Forecast, by Propulsion Type (2017-2030)
9.2.6. Rest of Europe
9.2.6.1. Market Revenue and Forecast, by Vehicle Type (2017-2030)
9.2.6.2. Market Revenue and Forecast, by Propulsion Type (2017-2030)
9.3. APAC
9.3.1. Market Revenue and Forecast, by Vehicle Type (2017-2030)
9.3.2. Market Revenue and Forecast, by Propulsion Type (2017-2030)
9.3.3. India
9.3.3.1. Market Revenue and Forecast, by Vehicle Type (2017-2030)
9.3.3.2. Market Revenue and Forecast, by Propulsion Type (2017-2030)
9.3.4. China
9.3.4.1. Market Revenue and Forecast, by Vehicle Type (2017-2030)
9.3.4.2. Market Revenue and Forecast, by Propulsion Type (2017-2030)
9.3.5. Japan
9.3.5.1. Market Revenue and Forecast, by Vehicle Type (2017-2030)
9.3.5.2. Market Revenue and Forecast, by Propulsion Type (2017-2030)
9.3.6. Rest of APAC
9.3.6.1. Market Revenue and Forecast, by Vehicle Type (2017-2030)
9.3.6.2. Market Revenue and Forecast, by Propulsion Type (2017-2030)
9.4. MEA
9.4.1. Market Revenue and Forecast, by Vehicle Type (2017-2030)
9.4.2. Market Revenue and Forecast, by Propulsion Type (2017-2030)
9.4.3. GCC
9.4.3.1. Market Revenue and Forecast, by Vehicle Type (2017-2030)
9.4.3.2. Market Revenue and Forecast, by Propulsion Type (2017-2030)
9.4.4. North Africa
9.4.4.1. Market Revenue and Forecast, by Vehicle Type (2017-2030)
9.4.4.2. Market Revenue and Forecast, by Propulsion Type (2017-2030)
9.4.5. South Africa
9.4.5.1. Market Revenue and Forecast, by Vehicle Type (2017-2030)
9.4.5.2. Market Revenue and Forecast, by Propulsion Type (2017-2030)
9.4.6. Rest of MEA
9.4.6.1. Market Revenue and Forecast, by Vehicle Type (2017-2030)
9.4.6.2. Market Revenue and Forecast, by Propulsion Type (2017-2030)
9.5. Latin America
9.5.1. Market Revenue and Forecast, by Vehicle Type (2017-2030)
9.5.2. Market Revenue and Forecast, by Propulsion Type (2017-2030)
9.5.3. Brazil
9.5.3.1. Market Revenue and Forecast, by Vehicle Type (2017-2030)
9.5.3.2. Market Revenue and Forecast, by Propulsion Type (2017-2030)
9.5.4. Rest of LATAM
9.5.4.1. Market Revenue and Forecast, by Vehicle Type (2017-2030)
9.5.4.2. Market Revenue and Forecast, by Propulsion Type (2017-2030)
Chapter 10. Company Profiles
10.1. BorgWarner
10.1.1. Company Overview
10.1.2. Vehicle Type Offerings
10.1.3. Financial Performance
10.1.4. Recent Initiatives
10.2. Continental AG
10.2.1. Company Overview
10.2.2. Vehicle Type Offerings
10.2.3. Financial Performance
10.2.4. Recent Initiatives
10.3. Magna International Inc.
10.3.1. Company Overview
10.3.2. Vehicle Type Offerings
10.3.3. Financial Performance
10.3.4. Recent Initiatives
10.4. Marelli Holdings Co., Ltd.
10.4.1. Company Overview
10.4.2. Vehicle Type Offerings
10.4.3. Financial Performance
10.4.4. Recent Initiatives
10.5. Nidec Corporation
10.5.1. Company Overview
10.5.2. Vehicle Type Offerings
10.5.3. Financial Performance
10.5.4. Recent Initiatives
10.6. Robert Bosch GmbH
10.6.1. Company Overview
10.6.2. Vehicle Type Offerings
10.6.3. Financial Performance
10.6.4. Recent Initiatives
10.7. Schaeffler AG
10.7.1. Company Overview
10.7.2. Vehicle Type Offerings
10.7.3. Financial Performance
10.7.4. Recent Initiatives
10.8. Valeo
10.8.1. Company Overview
10.8.2. Vehicle Type Offerings
10.8.3. Financial Performance
10.8.4. 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
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