Automotive Powertrain Market Insights:
The Automotive Powertrain Market size was valued at USD 865.42 Billion in 2022, expecting a CAGR of 11.5% during the forecast period (2023-2030), and the market is projected to be worth USD 2067.41 Billion by 2030.
The increased adoption of Automotive Powertrain in the Automotive & Transportation industry is due to high workability, Stability of structure, good quality, and Demand for making things better. The demand for Automotive Powertrain also has other significant aspects, such as analysis, purchasing volume, costs, pricing analysis, and regulatory framework. Additionally, the increased demand of Automotive Powertrain in many sectors also boosts the market growth during the forecast period.
The automotive powertrain is a system of components that work together to provide the necessary power to move a vehicle. It includes the engine, transmission, driveshaft, differential, and axles. The powertrain converts the energy produced by the engine into rotational force or torque that is transmitted to the wheels to propel the vehicle forward. The engine is the primary component of the powertrain and generates the power by burning fuel or using an electric motor.
Automotive Powertrain Market Research Report” was just released by Market Research Community. It is divided into several categories, including By Vehicle Type (Passenger Vehicle, Commercial Vehicle), By Powertrain Type (Gasoline Powertrain Type, Diesel Powertrain Type, Hybrid Powertrain Type), and companies (BorgWarner, Continental AG, Magna International Inc., Marelli Holdings Co., Ltd., Mitsubishi Electric Corp, Nidec Corporation, Robert Bosch GmbH, Schaeffler AG, Valeo, ZF Friedrichshafen AG), According to the analysis of Market Research Community, The market is projected to grow at a significant pace reaching a CAGR of approximately 11.5%, over the forecast period of 2023–2030.
|Report Attributes||Report Details|
|Market Size in 2030 (USD Billion)||2067.41 Billion|
|By Vehicle Type||Passenger Vehicle, Commercial Vehicle|
|By Powertrain Type||Gasoline Powertrain Type, Diesel Powertrain Type, Hybrid Powertrain Type|
|By Geography||North America, Europe, Asia Pacific, Latin America, Middle East and Africa|
|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|
The COVID-19 pandemic has had a substantial negative influence on the Automotive Powertrain market in many different regions of the world. The factors such as limited availability of raw materials, transportation restrictions, the shutdown of manufacturing facilities, and economic slowdown are the major impacts of COVID-19 which hampered the market growth. Shipments were impacted during the initial lockdown due to halted automotive productions and stringent government rules. The overall impact of COVID-19 on the industry is estimated to be minimal because the situation has stabilised. Post covid-19, there was a positive impact on the market growth due to the increased industrial manufacturing processes and rising demand for environment-friendly alternatives.
Industry Competitive Landscape:
The research includes comprehensive profiles of the key players in the market and an analysis of the competitive landscape. The market for sample preparation has grown more quickly as a result of the spike in research and development (R&D), product innovation, different business strategies, and application releases. Key players in the market include-
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 Segment Analysis:
By Vehicle Type
- Passenger Vehicle
- Commercial Vehicle
By Powertrain Type
- Gasoline Powertrain Type
- Diesel Powertrain Type
- Hybrid Powertrain Type
The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. In 2022, some of these regions expected to contribute the largest share during the forecast period.
The factors such as the large and easy availability of basic things, rising purchasing power among the population, and favorable government policies and industrial facilities are estimated to accelerate the industry growth in the region. The growing rate of industrialization is anticipated to boost the presence of Automotive Powertrain industries in the region.
Key Automotive Powertrain Market Trends
– Based on type, sub-type, technology utilised, applications, end-users, and geographies, the research identifies, defines, and predicts the Global Automotive Powertrain Market segments.
– Largest Market Share Held by Industry to Industry for Automotive Powertrain
– Based on their expected growth, development patterns and prospects for the future, and contributions to the overall market, it analyses the micro markets.
– Demand from the geographical area is estimated to boost growth.
– Growing Market Segment Adoption in the Automotive Powertrain Industry
– Over the forecast period, higher growth rates are anticipated in in some regions
Why Purchase the Industry Report by MRC
There is a huge amount of information in the report, including market trends and business opportunities for the forecast period.
Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) statistics.
Data at the regional, sub-regional, and national levels also includes information on the market’s supply and demand dynamics.
The competitive landscape includes the proportions of important players, recent innovations, and strategy.
Comprehensive product offerings, important financial data, latest advancements, SWOT analysis, and key player tactics.
Table of Content
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