Global Automotive Drivetrain Market Size, Share, Development, Growth and Demand Forecast to 2023

The automotive drivetrain is a system that act as medium to connect the transmission to the drive axles. The drivetrain includes transmission, driveshaft, axles, and wheels. Engine is not a part of drivetrain although the function of the drivetrain is to combined the engine and driving wheels so as to provide power to vehicle. The global automotive drivetrain market is segmented in three parts based on the drive type: Front Wheel Drive (FWD), Rear Wheel Drive (RWD) and All-Wheel Drive (AWD).

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In FWD, the engine drives only the front wheels of a car. Most of the small and mid-size car makers offer front wheel drive as it is low-priced and easy to design and meet majority of customer requirement. The cars with FWD are generally light-weight as it does not involve a transmission and axle shaft, which increase the weight of the vehicle.

A RWD vehicle has engine in front and is connected to a transmission. The power passes through a driveshaft to the rear-axle gears followed by rear wheels. RWD equipped vehicles have better weight balance along with better acceleration and better road holding capacity. RWD offers better acceleration and is widely used in racing cars and heavy trucks.

The AWD has a front, rear and center differential that equally distribute power to all four wheels of a vehicle. The powertrain is capable of providing power to all its wheels, depending on the requirement of the driver. The AWD vehicles are generally heavy and improve an extra transmission and axle, which leads to decrease in the fuel efficiency and increase in maintenance cost.

The global automotive drivetrain market is expected to witness a CAGR of 6.5% during the forecast period (2017-2023) to reach $280.3 billion by 2022. Asia-Pacific dominates the automotive drivetrain market on account of increase in vehicle production and technological advancement in the automotive drivetrain market.

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The key trend observed in the automotive drivetrain market is the development of new technologies in the manufacturing of the AWD drivetrain for cars and SUVs so as to improve overall vehicle performance and increase fuel efficiency. This is expected to increase the demand for AWD segment in the region. Growth in the AWD vehicles is emerging as new trend in the automotive drivetrain markets in China and India due to the introduction of compact crossovers and mini SUVs.

The global automotive drivetrain market is majorly driven by the growing demand in the usage of lightweight material in the manufacturing of vehicle, which result in better fuel efficiency. Automakers are coming up with light-weight drivetrain, which is expected to improve the overall performance of the vehicle. Additionally, stringent emissions norms are driving the automotive drivetrain market globally.

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The global automotive drivetrain market reported a consolidated structure in 2016, where the top three competitors accounted for the major share. Some of the key players in the global automotive drivetrain market include Aisin Seki Co., Ltd. Borgwarner Inc., GKN PLC, ZF Friedrichshafen AG, Showa Corporation, Schaeffler Group and American Axle & Manufacturing, Inc.

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