Automotive Powertrain Market by Trends, Key Players, Driver, Segmentation and Forecast to 2028

Automotive Powertrain Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles); Position/Drive Type (Front-Wheel Drive, Rear-Wheel Drive, All-Wheel Drive); Engine Type (Gasoline, Diesel) and Geography

The powertrain is the main component in the vehicle that generates and delivers power. This includes the engine, transmission, differentials, driveshaft, and the final drive. Increasing vehicle production led to an increase in the demands for a powertrain that boosting the growth of the automotive powertrain market. A surge in the huge demand for passenger cars is also positively impacting the growth of the automotive powertrain market. Stringent government regulation about emission and growing awareness about eco-friendly powertrain is booming the growth of the market.

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Companies Profiled in this report includes: AISIN SEIKI Co., Ltd., BorgWarner Inc., Ford Motor Company, General Motors Company, GKN Automotive Limited, Hyundai Motor Company, JTEKT Corporation, TOYOTA MOTOR CORPORATION, Volkswagen AG, ZF Friedrichshafen AG

MARKET SEGMENTATION

On the basis of engine type the market is segmented ICE, electric.

On the basis of vehicle type the market is segmented as passenger cars, commercial vehicles

MARKET DYNAMICS

Drivers:

Rising demand for the EV due to its low emission

Increasing demand for automated transmission and growing trend for engine downsizing

Technical advancement and continuous development in the powertrain to increase the efficiency and to minimize emissions

Restrict –

Disruptions in supply chain

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IMPACT OF COVID-19 ON AUTOMOTIVE POWERTRAIN MARKET

COVID-19 severely impacted the automobile industry by the end of 2020 as there were several travel bans and other lockdown related restrictions imposed across the globe. The impact of the pandemic extends to all segments of the automotive and transportation industry, including Automotive Powertrain manufacturers. As a result of travel restrictions and economic slowdown due to the pandemic and the consequent fall in demand, automotive manufacturers have been focusing on reducing costs and expenses, which includes cutting back on production spending. Due to long duration of halts in the supply chain of major automotive production, the Automotive Powertrain suppliers have been facing a reduction in demand. However, as the lockdown measures start getting lifted, the demand for passenger cars with improved safety features is expected to rise. Since Automotive Powertrain are one of the vital components of automobile vehicles, the market of Automotive Powertrain is expected to regain momentum. Moreover, the rise in demand of electric vehicles in spite of the pandemic, is driving the growth of automotive powertrain.

Reason to Buy

– Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Automotive Powertrain Market

– Highlights key business priorities in order to assist companies to realign their business strategies.

– The key findings and recommendations highlight crucial progressive industry trends in the Automotive Powertrain Market, thereby allowing players to develop effective long term strategies.

– Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

– Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.

– Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.

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