Press release
Automotive Powertrain Market Latest Trend, Growth by Size, Application and Forecast to 2028
Automotive Powertrain Market
The powertrain is the main component in the vehicle that generates and delivers power. This includes the engine, transmission, differentials, driveshaft, and the final drive. Increasing vehicle production led to an increase in the demands for a powertrain that boosting the growth of the automotive powertrain market. A surge in the huge demand for passenger cars is also positively impacting the growth of the automotive powertrain market. Stringent government regulation about emission and growing awareness about eco-friendly powertrain is booming the growth of the market.
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Companies Profiled in this report includes: AISIN SEIKI Co., Ltd., BorgWarner Inc., Ford Motor Company, General Motors Company, GKN Automotive Limited, Hyundai Motor Company, JTEKT Corporation, TOYOTA MOTOR CORPORATION, Volkswagen AG, ZF Friedrichshafen AG
MARKET DYNAMICS
MARKET SEGMENTATION
On the basis of engine type the market is segmented ICE, electric.
On the basis of vehicle type the market is segmented as passenger cars, commercial vehicles
MARKET DYNAMICS
Drivers:
Rising demand for the EV due to its low emission
Increasing demand for automated transmission and growing trend for engine downsizing
Technical advancement and continuous development in the powertrain to increase the efficiency and to minimize emissions
Restraint -
Disruptions in supply chain
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IMPACT OF COVID-19 ON AUTOMOTIVE POWERTRAIN MARKET
COVID-19 severely impacted the automobile industry by the end of 2020 as there were several travel bans and other lockdown related restrictions imposed across the globe. The impact of the pandemic extends to all segments of the automotive and transportation industry, including Automotive Powertrain manufacturers. As a result of travel restrictions and economic slowdown due to the pandemic and the consequent fall in demand, automotive manufacturers have been focusing on reducing costs and expenses, which includes cutting back on production spending. Due to long duration of halts in the supply chain of major automotive production, the Automotive Powertrain suppliers have been facing a reduction in demand. However, as the lockdown measures start getting lifted, the demand for passenger cars with improved safety features is expected to rise. Since Automotive Powertrain are one of the vital components of automobile vehicles, the market of Automotive Powertrain is expected to regain momentum. Moreover, the rise in demand of electric vehicles in spite of the pandemic, is driving the growth of automotive powertrain.
The purposes of this analysis are:
To characterize, portray, and check the Automotive Powertrain market based on product type, application, and region.
To estimate and inspect the size of the Automotive Powertrain market (in terms of value) in six key regions, specifically, North and South America, Western Europe, Central & Eastern Europe, the Middle East, Africa, and the Asia-Pacific.
To estimate and inspect the Automotive Powertrain markets at country-level in every region.
To strategically investigate every sub-market about personal development trends and its contribution to the Automotive Powertrain market.
To look at possibilities in the Automotive Powertrain market for shareholder by recognizing excessive-growth segments of the market.
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Contact Us:
If you have any queries about this report or if you would like further information, please contact us:
Contact Person: Sameer Joshi
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876
About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.
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