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Automotive Drivetrain Market Revenue, Opportunity, Forecast and Value Chain 2014-2025
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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. Asia-Pacific region is followed by followed by Europe and North America. The growing demand for comfort, safety and need for high acceleration and towing capacity of a passenger, light commercial vehicle and heavy commercial vehicle is supporting the growth of automotive drivetrain market.
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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.
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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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