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Automotive Powertrain Market to Record 6.1% CAGR Through 2030: Precedence Research

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[150+ Pages Report] The automotive powertrain market size is projected to reach over US$ 1,266 billion by the end of the year 2030 from US$ 697.7  billion in 2020 at a steady CAGR of 6.1% from 2021 to 2030, according to Precedence Research.

The automotive powertrain market report covers a detailed analysis for the historic period 2017-2020, considering 2021 as the base year and forecast (growth) for 2021-2030.

This research report evaluates the automotive 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 automotive powertrain market for the period from 2017 to 2030.

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Market Report Scope

Market Coverage Details
Market Size USD 1,266 Billion by 2030
Growth Rate CAGR of 6.1% From 2021 and 2030
Base Year 2020
Historic Data 2017 to 2020
Forecast Period 2021 to 2030

The powertrain of a vehicle defines comfort, safety, and performance. Engines and transmissions are the main components of a powertrain system. Some of the other important components of powertrain include propeller/ drive shaft, torque/ clutch converter, differential, and axles.

Introduction to pollution control norms and other stringent government regulations for emission control have forced vehicle manufacturers to improve the efficiency of powertrain. Hence, advanced technology incorporation such as combustion control improvements applied to the existing engines for example internal combustion engine are expected to thrive the market growth for automotive powertrain in the coming years. Furthermore, the rising need for advanced driving experience has forced manufacturers to incorporate such systems in their business model to cater with the flourishing demand in the present environment. Day-to-day advancements in the automotive industry have opened up lucrative opportunity for the market growth of powertrain systems in the upcoming years.

Moreover, alarming rate of rise in the pollution has impelled governments of various regions to impose strict emission regulations and that in turn has surged the demand for high power engines and more advanced powertrain systems in order to improve the fuel economy and reduce the total carbon emission. In addition, increasing demand for automobile upgradation in order to meet the government regulationsanticipated to drive the market growth for automotive powertrain industry during the forthcoming years.

The COVID-19 pandemic outbreak in the early 2020 has drastically impacted the growth as well as operation of various industries including automotive. Automotive sales were badly affected by the country and cross-country lockdown situation in order to control the spread of COVID-19 virus across the world. However, the industry seems to recover and may take two to three years to gain the same momentum as it was prior to COVID-19 pandemic. In such scenarios, the market for automotive powertrain had also been hit badly owing to slow sales of vehicles. Nonetheless, the increasing demands for advanced powertrains from Electric Vehicle (EV) manufacturers likely to people the market for automotive powertrain in the near future.

Report Highlights

  • On the basis of position, All-wheel Drive (AWD) led the global automotive powertrain market in the year 2020 and anticipated to grow at the fastest rate over the analysis period. This is mainly because of equal torque distribution to all wheels particularly while turning that provides enhanced grip and traction to the automobile. Nowadays, AWD is also being introduced in small passenger vehicles owing to rising demand for smooth driving experience, this in turn projected to drive the market growth for AWD in the near future. Further, the developing nations such as China and Japan witnessed a stupendous rise in the purchasing power of consumer that likely to propel the sale of luxury cars and high-end vehicles and in turn prosper the growth of AWD in the coming years.
  • Based on vehicle type, passenger vehicles dominated the global automotive powertrain market in the year 2020 with more than half of the market revenue share. This is mainly attributed to the higher sales value of passenger vehicles compared to other vehicle types. In addition, rising demand for electric vehicles are likely to further drive the market of powertrains in passenger vehicles.
  • By region, the Asia Pacific is the front-runner in the global automotive powertrain market in terms of revenue in the year 2020 and projected to grow at a rapid pace during the forthcoming years. This is mainly attributed to the rising demand for passenger cars in the region coupled with the increasing demand for automated transmission systems in the emerging countries such as India, China, South Korea, Australia, and Japan. Further, increasing sales of luxury and premium cars owing to increased purchasing power of consumers particularly in the developing nations are likely to boost the demand for advanced powertrains during the coming years.

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Competition Landscape

In the final section of the research report, Precedence Research provided the global automotive 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 automotive powertrain market include:

Aisin Seiki Co. Ltd., Ford Motor Company, Borgwarner Inc., General Motors Company, Hyundai Motor Company, GKN PLC, Jtekt Corporation, Volkswagen AG, Toyota Motor Corporation, and ZF Friedrichshafen AG among others.

Market Segmentation

By Position

  • All-wheel Drive (AWD)
  • Rear-wheel Drive (RWD)
  • Front-wheel Drive (FWD)

By Engine Type

  • Diesel
  • Gasoline
  • Others

By Vehicle Type

  • Passenger Car
  • Light Commercial Vehicle (LCV)
  • Heavy Commercial Vehicle (HCV)

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

Secondary Research

It involves company databases such as Hoover’s: This assists us recognize financial information, structure of the market participants and industry competitive landscape.

The secondary research sources referred in the process are as follows:

  • Governmental bodies, and organizations creating economic policies
  • National and international social welfare institutions
  • Company websites, financial reports and SEC filings, broker and investor reports
  • Related patent and regulatory databases
  • Statistical databases and market reports
  • Corporate Presentations, news, press release, and specification sheet of Manufacturers

Primary Research

Primary research includes face-to face interviews, online surveys, and telephonic interviews.

  • Means of primary research: Email interactions, telephonic discussions and

Questionnaire based research etc.

  • In order to validate our research findings and analysis we conduct primary interviews

of key industry participants. Insights from primary respondents help in validating the

secondary research findings. It also develops Research Team’s expertise and market

understanding.

Most Asked Questions –

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

What is the expected market size by 2030?

What is the automotive powertrain market growth?

What are the key factors that positively influence market growth?

Who are the prominent players in the automotive powertrain market?

Why should you invest in this report?

If you are aiming to enter the global automotive powertrain market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for automotive powertrain are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2030, so that you can plan your strategies to enter this market accordingly.

Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

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 Automotive Powertrain Market, By Position

7.1. Automotive Powertrain Market, by Position, 2021-2030

7.1.1. All-wheel Drive (AWD)

7.1.1.1. Market Revenue and Forecast (2017-2030)

7.1.2. Rear-wheel Drive (RWD)

7.1.2.1. Market Revenue and Forecast (2017-2030)

7.1.3. Front-wheel Drive (FWD)

7.1.3.1. Market Revenue and Forecast (2017-2030)

Chapter 8. Global Automotive Powertrain Market, By Engine Type

8.1. Automotive Powertrain Market, by Engine Type, 2021-2030

8.1.1. Diesel

8.1.1.1. Market Revenue and Forecast (2017-2030)

8.1.2. Gasoline

8.1.2.1. Market Revenue and Forecast (2017-2030)

8.1.3. Others

8.1.3.1. Market Revenue and Forecast (2017-2030)

Chapter 9. Global Automotive Powertrain Market, By Vehicle Type

9.1. Automotive Powertrain Market, by Vehicle Type, 2021-2030

9.1.1. Passenger Car

9.1.1.1. Market Revenue and Forecast (2017-2030)

9.1.2. Light Commercial Vehicle (LCV)

9.1.2.1. Market Revenue and Forecast (2017-2030)

9.1.3. Heavy Commercial Vehicle (HCV)

9.1.3.1. Market Revenue and Forecast (2017-2030)

Chapter 10. Global Automotive Powertrain Market, Regional Estimates and Trend Forecast

10.1. North America

10.1.1. Market Revenue and Forecast, by Position (2017-2030)

10.1.2. Market Revenue and Forecast, by Engine Type (2017-2030)

10.1.3. Market Revenue and Forecast, by Vehicle Type (2017-2030)

10.1.4. U.S.

10.1.4.1. Market Revenue and Forecast, by Position (2017-2030)

10.1.4.2. Market Revenue and Forecast, by Engine Type (2017-2030)

10.1.4.3. Market Revenue and Forecast, by Vehicle Type(2017-2030)

10.1.5. Rest of North America

10.1.5.1. Market Revenue and Forecast, by Position (2017-2030)

10.1.5.2. Market Revenue and Forecast, by Engine Type (2017-2030)

10.1.5.3. Market Revenue and Forecast, by Vehicle Type (2017-2030)

10.2. Europe

10.2.1. Market Revenue and Forecast, by Position (2017-2030)

10.2.2. Market Revenue and Forecast, by Engine Type (2017-2030)

10.2.3. Market Revenue and Forecast, by Vehicle Type (2017-2030)

10.2.4. UK

10.2.4.1. Market Revenue and Forecast, by Position (2017-2030)

10.2.4.2. Market Revenue and Forecast, by Engine Type (2017-2030)

10.2.4.3. Market Revenue and Forecast, by Vehicle Type (2017-2030)

10.2.5. Germany

10.2.5.1. Market Revenue and Forecast, by Position (2017-2030)

10.2.5.2. Market Revenue and Forecast, by Engine Type (2017-2030)

10.2.5.3. Market Revenue and Forecast, by Vehicle Type (2017-2030)

10.2.6. France

10.2.6.1. Market Revenue and Forecast, by Position (2017-2030)

10.2.6.2. Market Revenue and Forecast, by Engine Type (2017-2030)

10.2.6.3. Market Revenue and Forecast, by Vehicle Type (2017-2030)

10.2.7. Rest of Europe

10.2.7.1. Market Revenue and Forecast, by Position (2017-2030)

10.2.7.2. Market Revenue and Forecast, by Engine Type (2017-2030)

10.2.7.3. Market Revenue and Forecast, by Vehicle Type (2017-2030)

10.3. APAC

10.3.1. Market Revenue and Forecast, by Position (2017-2030)

10.3.2. Market Revenue and Forecast, by Engine Type (2017-2030)

10.3.3. Market Revenue and Forecast, by Vehicle Type (2017-2030)

10.3.4. India

10.3.4.1. Market Revenue and Forecast, by Position (2017-2030)

10.3.4.2. Market Revenue and Forecast, by Engine Type (2017-2030)

10.3.4.3. Market Revenue and Forecast, by Vehicle Type (2017-2030)

10.3.5. China

10.3.5.1. Market Revenue and Forecast, by Position (2017-2030)

10.3.5.2. Market Revenue and Forecast, by Engine Type (2017-2030)

10.3.5.3. Market Revenue and Forecast, by Vehicle Type (2017-2030)

10.3.6. Japan

10.3.6.1. Market Revenue and Forecast, by Position (2017-2030)

10.3.6.2. Market Revenue and Forecast, by Engine Type (2017-2030)

10.3.6.3. Market Revenue and Forecast, by Vehicle Type (2017-2030)

10.3.7. Rest of APAC

10.3.7.1. Market Revenue and Forecast, by Position (2017-2030)

10.3.7.2. Market Revenue and Forecast, by Engine Type (2017-2030)

10.3.7.3. Market Revenue and Forecast, by Vehicle Type (2017-2030)

10.4. MEA

10.4.1. Market Revenue and Forecast, by Position (2017-2030)

10.4.2. Market Revenue and Forecast, by Engine Type (2017-2030)

10.4.3. Market Revenue and Forecast, by Vehicle Type (2017-2030)

10.4.4. GCC

10.4.4.1. Market Revenue and Forecast, by Position (2017-2030)

10.4.4.2. Market Revenue and Forecast, by Engine Type (2017-2030)

10.4.4.3. Market Revenue and Forecast, by Vehicle Type (2017-2030)

10.4.5. North Africa

10.4.5.1. Market Revenue and Forecast, by Position (2017-2030)

10.4.5.2. Market Revenue and Forecast, by Engine Type (2017-2030)

10.4.5.3. Market Revenue and Forecast, by Vehicle Type (2017-2030)

10.4.6. South Africa

10.4.6.1. Market Revenue and Forecast, by Position (2017-2030)

10.4.6.2. Market Revenue and Forecast, by Engine Type (2017-2030)

10.4.6.3. Market Revenue and Forecast, by Vehicle Type (2017-2030)

10.4.7. Rest of MEA

10.4.7.1. Market Revenue and Forecast, by Position (2017-2030)

10.4.7.2. Market Revenue and Forecast, by Engine Type (2017-2030)

10.4.7.3. Market Revenue and Forecast, by Vehicle Type (2017-2030)

10.5. Latin America

10.5.1. Market Revenue and Forecast, by Position (2017-2030)

10.5.2. Market Revenue and Forecast, by Engine Type (2017-2030)

10.5.3. Market Revenue and Forecast, by Vehicle Type (2017-2030)

10.5.4. Brazil

10.5.4.1. Market Revenue and Forecast, by Position (2017-2030)

10.5.4.2. Market Revenue and Forecast, by Engine Type (2017-2030)

10.5.4.3. Market Revenue and Forecast, by Vehicle Type (2017-2030)

10.5.5. Rest of LATAM

10.5.5.1. Market Revenue and Forecast, by Position (2017-2030)

10.5.5.2. Market Revenue and Forecast, by Engine Type (2017-2030)

10.5.5.3. Market Revenue and Forecast, by Vehicle Type (2017-2030)

Chapter 11. Company Profiles

11.1. Aisin Seiki Co. Ltd.

11.1.1. Company Overview

11.1.2. Product Offerings

11.1.3. Financial Performance

11.1.4. Recent Initiatives

11.2. Ford Motor Company

11.2.1. Company Overview

11.2.2. Product Offerings

11.2.3. Financial Performance

11.2.4. Recent Initiatives

11.3. Borgwarner Inc.

11.3.1. Company Overview

11.3.2. Product Offerings

11.3.3. Financial Performance

11.3.4. Recent Initiatives

11.4. General Motors Company

11.4.1. Company Overview

11.4.2. Product Offerings

11.4.3. Financial Performance

11.4.4. Recent Initiatives

11.5. Hyundai Motor Company

11.5.1. Company Overview

11.5.2. Product Offerings

11.5.3. Financial Performance

11.5.4. Recent Initiatives

11.6. GKN PLC

11.6.1. Company Overview

11.6.2. Product Offerings

11.6.3. Financial Performance

11.6.4. Recent Initiatives

11.7. Jtekt Corporation

11.7.1. Company Overview

11.7.2. Product Offerings

11.7.3. Financial Performance

11.7.4. Recent Initiatives

11.8. Volkswagen AG

11.8.1. Company Overview

11.8.2. Product Offerings

11.8.3. Financial Performance

11.8.4. Recent Initiatives

11.9. Toyota Motor Corporation

11.9.1. Company Overview

11.9.2. Product Offerings

11.9.3. Financial Performance

11.9.4. Recent Initiatives

11.10. ZF Friedrichshafen AG

11.10.1. Company Overview

11.10.2. Product Offerings

11.10.3. Financial Performance

11.10.4. Recent Initiatives

Chapter 12. Research Methodology

12.1. Primary Research

12.2. Secondary Research

12.3. Assumptions

Chapter 13. Appendix

13.1. About Us

13.2. 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.

Purchase Full Research Report (Single User License US$ 4500) @ https://www.precedenceresearch.com/checkout/1276

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