Automotive drivetrain Market: was valued at US$ 185.36 Bn. in 2021. Global Automotive Drivetrain Market size is expected to grow at a CAGR of 7.5 through the forecast period.

Automotive drivetrain Market Overview:

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Automotive drivetrain Market Dynamic:

Market Drivers: The developing interest for electric vehicles in the automobile industry and the rising sales of electric vehicles are adding to the demand for automotive powertrains. Besides, the rising interest for automated transmission and motor cutting back to further develop the fuel efficiency of vehicles would speed up the development of the market. Increasingly tough carbon and nitrogen emission guidelines worldwide are likely to drive market development during the forecast period. Popularity for cars, increasing consumption and upgrades of automobile systems are considered to be critical market development drivers. The fluctuating costs of conventional fuel and the rising deals of electric vehicles will boost the vehicle electrification initiatives.

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Market Scope:

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Automotive drivetrain Market Segmentation:

Based on Vehicle Type, The passenger vehicle segment dominated the market with 77% share in 2021 and will continue to grow during the forecast period as well. The lack of central processors in the automotive industry has impacted manufacturing and disturbed the market development. In addition, diesel, oil, and fuel based traveler vehicle markets are seeing a shift toward electric passenger vehicles due to increasing investments by government administrations in EV infrastructure and tax breaks proposed to customers. For example, in the U.S., under the Clean Vehicle Rebate Project (CVRP), candidates are given an expense discount from the State of California from April 23, 2021, onwards.

The commercial vehicle segment will grow at CAGR of more than 11.7% during the forecast period due to the rising interest for a unified supply chain network associating various transportation modes, including cargo rail, air, and express shipment administrations, sea transport, and truck transport. The introduction of electric vehicles in the commercial vehicle area and the decentralization of production activity will increase the production volumes of commercial vehicles. Moreover, truck digitization or connected trucks is supposed to offer new business opportunities for key OEMs in the region, including Volkswagen, Daimler AG, and Volvo. These OEMs are would invest in telematics arrangements, which would indirectly drive the market of automotive drivetrain.

Automotive drivetrain 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
• Toyota Motor Corporation
• Hyundai Motor Company
• Volkswagen AG
• JTEKT Corporation
• AxleTech Corporation
• Dana Incorporated
• GKN PLC
• AVL List GmbH
• General Motors
• Ford
• Daimler Chrysler

Automotive drivetrain Market Regional Analysis:

The market's competitive landscape Automotive drivetrain contains information provided by the rival. The following topics are covered: the business overview, financials, revenue generated, market potential, R&D investment, new market efforts, global presence, production sites and facilities, production capacity, corporate strengths. The data points given above are exclusively connected to the firms' focus on the Automotive drivetrain industry.

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COVID-19 Impact Analysis on Automotive drivetrain Market: The detailed impact of the COVID-19 pandemic on the global Automotive drivetrain market has also been covered in the report.

Key Questions Answered in the Automotive drivetrain Market Report are:

Which are the key players in the Automotive drivetrain market?
Which key trends are likely to emerge in the Automotive drivetrain market in the forecast period?
What will be the Automotive drivetrain market size by 2027?
Which company had the biggest share in the Automotive drivetrain market in 2020?

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