Press release
Global Automotive Powertrain Components Market Precise Scenario Covering Trends, Opportunities and Growth Forecast during 2017-2027 / Key Players Holding GmbH, Dana Incorporated, GKN plc, Guansheng automobile parts manufacture co., ltd., NEAPCO, NTN Beari
Request Brochure of this Report- https://www.factmr.com/connectus/sample?flag=B&rep_id=888
With electric automotive powertrain components being the most talked about aspect of the market and the incidents of Cummins Inc. acquiring the Silicon-Valley-based Efficient Drivetrains, Inc., manufacturer of hybrid and fully- electric power solutions, the automotive powertrain components market is expected to gain greater elevation. With the transformations in the automotive industry, the automotive powertrain components market participants are indulging in extensive developments to cater to the changing needs.
An automotive powertrain is mainly responsible for the transfer of power from the transmission to the wheels. The automotive powertrain consists of many components including drive shafts, differentials, CV joints, U joints and axle shafts. All these when assembled are known as the powertrain of the vehicle. The selection of the type of automotive powertrain component depends on the type of vehicle and the power output of the engine. Furthermore, the type of automotive powertrain components to be selected also depends on the type of drive -- if it is a rear-wheel drive, front-wheel drive, four-wheel drive or the less common eight-wheel or six-wheel drive. Numerous lightweight materials have been introduced to reduce the weight of such automotive powertrain components and aluminum is one such material which is gaining popularity in the automotive powertrain components market. Automotive powertrain components are designed in such a way that they can incorporate a wide range of operating temperatures, high shock resistance and vibrational strength, high reliability and long term stability. These components are usually sold through two sales channels, these include: OEM and aftermarket. With advancements in technology, the key manufacturers are focusing on manufacturing lightweight automotive powertrain components with improved performance characteristics. This is expected to create opportunities for the augmentation of the automotive powertrain components market in the coming years.
The growth of the automotive powertrain components market shares is directly dependent on the sales of automotive vehicles across the globe. With increasing disposable income of the population across the globe, the demand for passenger cars and other automotive vehicles as means of local commute is expected to increase significantly in the coming years. This is expected to positively affect the growth of the automotive powertrain components market in the coming years. Furthermore, the demand for automatic transmission has increased significantly and the rising trend of downsizing engine and reducing fuel consumption is expected to increase the demand of automotive powertrain components to cater to the advancing demands from the automotive industry.
The need for enhanced traction capabilities coupled with increased towing and acceleration capabilities in vehicles has increased considerably to increase the maneuverability of the vehicle in uneven terrains. This is expected to further boost the lightweight automotive powertrain components market to improve the performance of transmission systems, simultaneously promoting the growth of the automotive powertrain components market.
To know more about the Automotive Powertrain Components Market Visit the link- https://www.factmr.com/report/888/automotive-powertrain-components-market
Moreover, stringent government regulations for reducing carbon dioxide emissions has increased the emphasis of manufacturers to increase the efficiency of the overall powertrain systems. This is expected to further boost demand in the automotive powertrain components market to accommodate these regulations and to improve the performance of vehicles.
However, high investment cost associated with powertrain systems is expected to somehow derail the growth of the lightweight automotive powertrain components market in the coming years. Furthermore, counterfeit automotive powertrain components in the market put extra baggage on the OEMs to offer the same product at a much reduced price, simultaneously squeezing the profit margins of the manufacturers.
The adoption of all-wheel drive vehicles is more in North America. This coupled with increasing preference for luxury and comfort cars will increase the demand in the advanced technology automotive powertrain components market. Asia pacific is expected to create immense growth opportunities in the coming years, this can be attributed to the increasing sales of vehicles in the region and increasing purchasing power of the population in the region. The Chinese government has launched various initiatives to promote the manufacturing of vehicles in the country, which will further create opportunities for the augmentation of the automotive powertrain components market. Europe is benefitting from the presence of numerous key manufacturers in countries, such as Germany, etc. Presence of numerous players in the region further increases the opportunities of augmentation of the automotive powertrain components market in the coming years.
Automotive Powertrain Components Market: Key Players
Some of the key players identified across the value chain of the Automotive Powertrain Components market are Eaton Corporation, Convertech, Inc., RSB Group, American Axle & Manufacturing Holdings, Inc., IFA Rotorion - Holding GmbH, Dana Incorporated, GKN plc, Guansheng automobile parts manufacture co., ltd., NEAPCO, NTN Bearing Corporation, Shou Chi Industry Co., Zhejiang Feizhou Vehicle Industry Co Ltd.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
Request TOC of this Report- https://www.factmr.com/connectus/sample?flag=T&rep_id=888
About FactMR
FactMR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market insights reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United StatesContact Us
FactMR
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Email: sales@factmr.com
Web: https://www.factmr.com/
Blog: https://factmrblog.com/
Read Industry News at - https://www.industrynewsanalysis.com/
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Automotive Powertrain Components Market Precise Scenario Covering Trends, Opportunities and Growth Forecast during 2017-2027 / Key Players Holding GmbH, Dana Incorporated, GKN plc, Guansheng automobile parts manufacture co., ltd., NEAPCO, NTN Beari here
News-ID: 1360525 • Views: …
More Releases from Fact.MR
U.S. Population Health Management (PHM) Solutions Market Set to Hit US$ 34.59 Bi …
The global market for population health management (PHM) solutions in the United States is expected to expand at a compound annual growth rate (CAGR) of 14.8% between 2021 and 2028, according to a recently released Fact.MR analysis. By the end of 2028, the market is projected to reach US$ 34.59 billion. Over the projected period, there is anticipated to be an increase in demand for U.S. Population Health Management (PHM)…
Bleaching Clay Market is Anticipated to Grow at a CAGR of 7.2% to Top US$ 1.86 B …
The bleaching clay market was valued at US$ 932.2 million in 2022. Moreover, growth is anticipated to pick up speed at a robust 7.2% CAGR during the evaluation period of 2022-2032, culminating in US$ 1.86 billion. Bleaching clay has been widely utilized for edible oil purification since the nineteenth century. Variations in the yield of oilseed crops are anticipated to positively affect the global market for bleaching clay since bleaching…
Automated Microscopy Market to Reach US$ 8.5 Billion by 2027, Grow at a CAGR of …
According to the most recent analysis conducted by market research and competitive intelligence company Fact.MR, the automated microscopy market is expected to be valued US$ 8.5 billion globally by 2027.
With the use of sophisticated monitoring techniques, automated microscopy is a contemporary technology that enhances the monitoring of biological material. In addition to reducing human error, automated microscopy offers accurate, automated magnification for topic examination and analysis. Because automated microscopy is…
Toy Drone Market Trends: CAGR of 8.6% Propels Growth to US$ 951.5 Million by 203 …
It is Anticipated That the Toy Drone Market Will Reach US$ 951.5 Million by 2033 At A CAGR of 8.6% | Fact.MR growing Children's Propensity for Playing with Drones for Recreation Will Support Market Expansion the global toy drone market is anticipated to reach US$ 417 million in 2023 and develop at a compound annual growth rate (CAGR) of 8.6% over the forecast period of 2023-2033, according to Fact.MR. Because…
More Releases for Automotive
KSA Automotive Market | KSA Automotive Industry | KSA Automotive Industry Resear …
Saudi Arabia’s automotive market faced a decline in new car sales due to tripling of value-added tax (VAT) rates. Effective in July 1, 2020, Saudi Arabia hiked its VAT from 5% to 15%.
Vision 2030 trying to attract foreign investment to kick start Dammam manufacturing city to aid re-exports & fulfill domestic demand
Surge in Domestic Manufacturing to gain independence of Imports: With Vision 2030, KSA is trying to gain impendence of…
Automotive Fuel Injectors Market: Growing Automotive Sales Fueling Automotive Fu …
Automotive fuel injectors market is likely to grow at a steady pace in the long run, according to a new report by Fact.MR. The demand for automotive fuel injectors continues to remain influenced with a multitude of industry-specific and macroeconomic factors. Significant growth in the automotive sector, coupled with increasing vehicle fleet remain instrumental in driving the demand for automotive fuel injectors worldwide. Fact.MR estimates that the sales of automotive fuel injectors are expected…
Automotive Gearbox Market,Automotive Gearbox Industry, Global Automotive Gearbox …
Latest industry research report on: Global Automotive Gearbox Market : Industry Size, Share, Research, Reviews, Analysis, Strategies, Demand, Growth, Segmentation, Parameters, Forecasts
This industry study presents the global Automotive Gearbox market size, historical breakdown data (2013-2018) and forecast (2018-2025). The Automotive Gearbox production, revenue and market share by manufacturers, key regions and type;
The consumption of Automotive Gearbox in volume terms are also provided for major countries (or regions), and for each…
Automotive Windscreen Sales Market – Analysis of Automotive Windscreen Sales G …
Automotive Windscreen Market report provides an in detail study of Manufactures in the market which is based on the various objectives associated with an organization such as Analysis, Market Share, Regional Market Performance, Product Specification, and the Company Introduction.
The latest market intelligence study on Automotive Windscreen Sales market relies on statistics derived from the application of both primary and secondary research to present insights pertaining to the operational model, opportunities…
Global Automotive Windshield Pumps Market 2018- SHW AG, TRW Automotive, Delphi A …
Apex Market Reports, recently published a detailed market research study focused on the "Global Automotive Windshield Pumps Market" across the global, regional and country level. The report provides 360° analysis of "Global Automotive Windshield Pumps Market" from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the Global Automotive Windshield Pumps industry, and estimates the future…
Automotive Steering System Market Players: Mitsubishi Electric, TRW Automotive H …
Automotive steering system market is expected to grow with the CAGR of about 6% from 2016 to 2022. Due to increasing demand for the driving comfort & fuel efficient vehicle as well as increasing vehicle production globally will drive the Automotive steering system market.
Market Scenario
Steering is the connection point between car and driver. It provides control and the feel of the road and plays a key role in the vehicle’s…
