Automotive Powertrain System Market Analysis
As per the analysis by Market Research Future Reports (MRFR), the global Automotive Powertrain System Market Sizeis growing at a CAGR of 5.7% CAGR during the forecast period from 2022 to 2030. The global Automotive Powertrain System Market Sizehas experienced a notable expansion during the last few years and is likely to expand at a fast pace during the review period. The global Automotive Powertrain System Market Size2020 is primarily influenced by factors like increasing sales of new vehicles, low emission, and improved fuel efficiency. The increasing demand for gasoline engine vehicles has always played an essential role in expanding the market. Besides, the increasing disposable income in several countries has also resulted in the growth of the market over the past few years. Moreover, there has been a rapid increase in the demand from the APAC region, which has also resulted in the expansion of the market. The continuous advancements that are being made in the field of technology and the developing economies have played a crucial role in the expansion of the market. However, there are some obstacles like the expensive system price and lack of awareness.
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Automotive Powertrain System Market Segmentation
The global Automotive Powertrain System Market Sizecan be segregated on the basis of engine type, component, vehicle type, and region.
On the basis of engine type, the global Automotive Powertrain System Market Sizecan be divided into the diesel engine and gasoline engine. The gasoline engine vertical is estimated to dominate the market, followed by a diesel engine.
On the basis of component, the global Automotive Powertrain System Market Sizecan be divided into drive shafts, transmission, engine, differentials, and others. Out of all the segments, the engine and transmission is estimated to lead the market, followed by differentials and driveshafts.
On the basis of vehicle type, the global Automotive Powertrain System Market Sizecan be divided into commercial vehicles and passenger vehicles. There have been rapid sales in the passenger car segment, and the segment is likely to dominate the passenger car segment during the review period.
On the basis of region, the global Automotive Powertrain System Market Sizecan be divided into Asia Pacific, North America, Europe, and the Rest of the World (Row).
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Regional Analysis
The regional analysis of Asia Pacific, Europe, North America, and the Rest of the World (RoW) has been conducted. As per the analysis by the Market Research Future Reports (MRFR), the APAC region acquired the largest market share in 2016, followed by North America and Europe. In the APAC region, the emerging economies like India, Japan, China, and South Korea are the forefront players in the automotive powertrain system market. Asia-Pacific region has proven to be the fastest-growing economy at the global level. With the implementation of policies concerning low emission and higher fuel efficiency, Europe and the North American market have become an important growth driver. Besides, the European market is witnessing increased sales of new vehicles, which has propelled the demand for automotive powertrain systems. Europe is home to developed nations like France, Germany, and the UK and has contributed significantly to the expansion of the automotive powertrain system. The Rest of the World (Row), is estimated to show a moderate rate of growth during the review period.
Automotive Powertrain System Market Key Players
Toyota Motor Corporation (Japan)
General Motors Company (US)
Hyundai Motor Company (South Korea)
Aisin Seiki (Japan))
Borgwarner (US)
Ford Motor (US)
Delphi Automobile (UK)
Magna Powertrain (US)
Denso Corporation (Japan)
GKN PLC (UK)
Jtekt Corporation (Japan)
and ZF Friedrichshafen (Germany).