Press release
Alternative Powertrain Market Size & Share - Industry Trends and Forecast 2017 - 2025
The main objective of this report is to define, describe, and forecast the global “Alternative Powertrain” market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market.
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The automobile sector has undergone remarkable evolution in the last 30 years, the most occurring in powertrain technology. Alternative powertrain consist of a propulsion system that does not depend upon the popular internal combustion engine. Alternative powertrain consist of hybrids engine, full battery electric, hydrogen fuel cell, compress air, gasoline kit, and others. There is significant excitement surrounding the electrical vehicles. The current powertrain technology in the automotive industry includes spark-ignited (gasoline) engines, compression engines (diesel), and electric. Furthermore, there are numerous variations on how this technology is implemented in the automotive industry such as spark-ignition internal combustion engines (gasoline), direct injection, homogeneous charge compression injection, compression ignition internal combustion engines (diesel or biodiesel), hybrid electrical vehicles (gasoline or diesel), plug-in electric vehicles, plug-in hybrid electric vehicles, extended range plug-in electric vehicles, and battery electric vehicles.
The global alternative powertrain market can be segmented based on components, vehicles, and region. In terms of components, the alternative powertrain market can be segmented into engines, transmission, drive shaft, differentiation, and final drive. Rise in the number of vehicles across the globe has led to the increase in carbon dioxide emission. Most counties have strict policies on automobiles in order to protect the environment from the increase in CO2 emission. The automobile manufacturer to produce more fuel-efficient vehicles with a less CO2 emission which in turn to increasing the demand for alternating powertrain. In terms of vehicle, the alternative powertrain market can be segmented into commercial vehicles and passenger vehicles. The passenger vehicles segment can be further sub-segmented into hatchback, sedan, MPV, and others. The number of passenger vehicles in the market is very high. The commercial vehicles segment can be further sub-segmented into light commercial vehicles and heavy commercial vehicles.
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Geographically, the alternative powertrain market can be segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. In the U.S., commercial vehicles utilize more than a quarter of all fuel burned annually. As economies grow, the number of commercial vehicles is expected to rise, and commercial and government fleet operators around the world are likely to consider investments in fuel efficiency technologies and alternative powertrains. Global commercial alternative powertrain for light and heavy commercial vehicles is increases. This is likely to propel the alternative powertrain market during the forecast period. Countries such as China, Europe, and the U.S. have strict emission regulation coupled with increase in consumer awareness about fuel efficiency and gaining the advantages of electric vehicles, hybrid vehicles, flexible fuel vehicles, and natural gas vehicles is significantly increasing the automotive powertrains by engine fuels.
Key players operating in the global alternative powertrain market are Ford Motor Company, General Motors, Toyota Motor Corporation, A123 Systems, LLC. GKN PLC, Jtekt Corporation, Aisin Seiki Co. Ltd, Volkswagen AG, Hyundai Motor Corporation, Borgwarner Inc, and ZF Friedrichshafen AG.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
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The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market
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