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Global Automotive Drivetrain Market 2023: Industry Segments, Growth Strategies, Demand Status And Forecast To 2032 | Major Players Are Aisin Seiki Co., BorgWarner Inc., ZF Friedrichshafen AG, Showa Corporation, Schaeffler Group
Automotive Drivetrain Market
Automotive Drivetrain Market Size, Growth Rate, And Forecast:
The global automotive drivetrain market size grew from $205.73 billion in 2022 to $227.96 billion in 2023 at a compound annual growth rate (CAGR) of 10.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The automotive drivetrain market size is expected to grow to $317.73 billion in 2027 at a CAGR of 8.7%.
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Automotive Drivetrain Market Drivers:
The increasing adoption of electric vehicles is expected to propel the growth of the automotive drivetrain market going forward. Electric vehicles are those that are partially or fully powered by electricity. The increasing adoption of electric vehicles helps increase the demand for automotive drivetrains. Electric drivetrains have a single-speed transmission that sends power from the motor to the wheels.
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Automotive Drivetrain Market Segments:
By Drive Type: Front-Wheel Drive, Rear-Wheel Drive, All-Wheel Drive
By Vehicle Type: Passenger Cars, Light Commercial Vehicle(LCV), Heavy Commercial Vehicle(HCV), Electric Vehicle
By Transmission: Manual Transmission, Automatic Transmission, Continuous Variable Transmission, Automated Manual Transmission, Dual-Clutch Transmission
By Technology: Central Motor, E-Axle, Wheel Hub Module
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Automotive Drivetrain Market.
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Automotive Drivetrain Market Key Players:
Major competitors in the automotive drivetrain market include Aisin Seiki Co., BorgWarner Inc., ZF Friedrichshafen AG, Showa Corporation, Schaeffler Group, American Axle and Manufacturing Inc., Magna International Inc.
The Business Research Company's "Global Automotive Drivetrain Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Automotive Drivetrain Market Include:
1. Executive Summary
2. Automotive Drivetrain Market Characteristics
3. Automotive Drivetrain Market Trends And Strategies
4. Automotive Drivetrain Market - Macro Economic Scenario
5. Automotive Drivetrain Market Size And Growth
……
26. Africa Automotive Drivetrain Market
27. Automotive Drivetrain Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Automotive Drivetrain Market
29. Automotive Drivetrain Market Future Outlook and Potential Analysis
30. Appendix
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