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North American Drivetrain Market 2020 Revenue, Business Growth, Demand And Applications by 2030
North American Drivetrain Market
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The key factors driving the North American drivetrain market are enhanced driving experience and improved fuel efficiency over conventional systems, increasing need for better acceleration, traction, & towing capabilities in vehicles, and better vehicle control in unfavorable terrains. Increasing fuel prices and high initial & maintenance cost are factors restraining the growth of the market. However, emerging markets for SUV & cars present opportunities for growth of the market.
The North American drivetrain market is segmented based on drive type, vehicle type, and geography. The market is further categorized based on drive type into FWD, RWD, and AWD. On the basis of vehicle type, the market is further classified into Passenger Car, LCV, and HCV. Geographically, the market is segmented into the U.S., Mexico, and Canada.
The prominent manufacturers operating in the market are Magna Internationals Inc., Aisin Seiki Co., JATCO, Borg Warner, Allison Transmission, ATC Drivetrain, Showa Corp., American Axle & Manufacturing Inc., GKN PLC, and Dana Holding Corporation. They have implemented strategies, such as mergers & acquisitions, partnerships, collaborations, and others to strengthen their position in the market.
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NORTH AMERICAN DRIVETRAIN MARKET KEY SEGMENTS:
Market By Drive Type
FWD
RWD
AWD
Market By Vehicle Type
Passenger Car
LCV
HCV
Market By Country
U.S.
Mexico
Canada
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