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Accelerating Towards the $1,078.18 Billion Electric Powertrain Market by 2031

02-19-2024 08:19 AM CET | Energy & Environment

Press release from: Allied Market Research

Electric Powertrain Market

Electric Powertrain Market

According to the report published by Allied Market Research, the global electric powertrain market accrued earnings worth $83.66 billion in 2021, and is predicted to hit $1,078.18 billion by 2031, registering a CAGR of 29.1% from 2022 to 2031. The market research study provides a detailed analysis of oscillating market trends, top-most segments, value chain analysis, major investment business scenarios, regional space, and competitive landscape. The study is a key information source for giant players, entrepreneurs, shareholders, and owners in generating new strategies for the future and taking steps to improve their market position. The report displays an in-depth quantitative analysis of the market from 2022 to 2031 and guides investors in allocating funds to the rapidly emerging industry.

๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐๐š๐ ๐ž๐ฌ - https://www.alliedmarketresearch.com/request-sample/A10091

The report offers detailed segmentation of the global electric powertrain market based on component, vehicle type, vehicle class, vehicle drive type, application, and region. It provides an in-depth analysis of every segment and sub-segment in tables and figures through which consumers can derive a conclusion about market trends and insights. The market report analysis aids organizations, investors, and entrepreneurs in understanding which sub-segments are to be tapped for achieving huge growth in the years ahead.

๐๐š๐ฌ๐ž๐ ๐จ๐ง ๐ญ๐ก๐ž ๐š๐ฉ๐ฉ๐ฅ๐ข๐œ๐š๐ญ๐ข๐จ๐ง, the BEV segment contributed the largest market share in 2021, accounting for more than three-fourths of the overall share of the global electric powertrain market. Moreover, this segment is predicted to retain its dominant status during the forecast timespan. In addition, the segment is projected to record the fastest CAGR of 29.5% during the forecast period. The report also provides an overall analysis of segments such as PHEV and FCEV.

๐๐š๐ฌ๐ž๐ ๐จ๐ง ๐ญ๐ก๐ž ๐œ๐จ๐ฆ๐ฉ๐จ๐ง๐ž๐ง๐ญ, the battery segment held the largest share in 2021, contributing nearly three-fifths of the overall share of the global electric powertrain market. Moreover, this segment is predicted to contribute the highest market share by 2031. However, the on-board charger segment is also anticipated to record the fastest growth with CAGR of nearly 34.2% during the forecast timespan. The report also provides an overall analysis of segments such as power electronic controller, motor/generator, converter, and transmission.

๐๐š๐ฌ๐ž๐ ๐จ๐ง ๐ญ๐ก๐ž ๐ฏ๐ž๐ก๐ข๐œ๐ฅ๐ž ๐ญ๐ฒ๐ฉ๐ž, the passenger car segment held the largest share in 2021, contributing more than four-fifths of the overall share of the global electric powertrain market. Moreover, this segment is predicted to contribute the highest market share by 2031. However, the commercial vehicle segment is also anticipated to record the fastest growth with CAGR of nearly 31.0% during the forecast timespan.

๐๐ซ๐จ๐œ๐ฎ๐ซ๐ž ๐‚๐จ๐ฆ๐ฉ๐ฅ๐ž๐ญ๐ž ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ: https://www.alliedmarketresearch.com/electric-powertrain-market/purchase-options

๐๐š๐ฌ๐ž๐ ๐จ๐ง ๐ญ๐ก๐ž ๐ฏ๐ž๐ก๐ข๐œ๐ฅ๐ž ๐œ๐ฅ๐š๐ฌ๐ฌ, the mid-priced segment held the largest share in 2021, contributing nearly four-fifths of the overall share of the global electric powertrain market. Moreover, this segment is predicted to contribute the highest market share by 2031. However, the luxury segment is also anticipated to record the highest growth with CAGR of nearly 31.1% during the forecast timespan.

๐๐š๐ฌ๐ž๐ ๐จ๐ง ๐ญ๐ก๐ž ๐ฏ๐ž๐ก๐ข๐œ๐ฅ๐ž ๐๐ซ๐ข๐ฏ๐ž ๐ญ๐ฒ๐ฉ๐ž, the all wheel drive segment held the largest share in 2021, contributing more than two-fifths of the overall share of the global electric powertrain market. Moreover, this segment is predicted to contribute the highest market share by 2031. However, the rear wheel drive segment is also anticipated to record the fastest growth with CAGR of nearly 30.7% during the forecast timespan. The report also provides an overall analysis of segments such as front wheel drive.

๐๐š๐ฌ๐ž๐ ๐จ๐ง ๐ซ๐ž๐ ๐ข๐จ๐ง, Asia-Pacific contributed toward the highest market share in 2021, accounting for nearly half of the global electric powertrain market. The region is predicted to contribute majorly toward the global market share in 2031. Moreover, the LAMEA electric power train market is slated to record the highest CAGR of 32.0% during the forecast timeline. The research also analyzes regions including Europe and North America.

The factors such as growth in trend of downsized engines, increase in sales of electric vehicles, and stringent vehicular emission norms & regulations propel the demand for electric powertrain market. However, high manufacturing costs and range anxiety & serviceability are the factors expected to hamper the market growth. In addition, rocketing infrastructural developments of EV infrastructure and advancement in technology are some of the factors that create lucrative opportunities for the electric powertrain market during the forecast period.

๐ˆ๐ง๐ญ๐ž๐ซ๐ž๐ฌ๐ญ๐ž๐ ๐ญ๐จ ๐๐ซ๐จ๐œ๐ฎ๐ซ๐ž ๐ญ๐ก๐ž ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐‘๐ž๐ฉ๐จ๐ซ๐ญ? ๐ˆ๐ง๐ช๐ฎ๐ข๐ซ๐ž ๐๐ž๐Ÿ๐จ๐ซ๐ž ๐๐ฎ๐ฒ๐ข๐ง๐  - https://www.alliedmarketresearch.com/purchase-enquiry/A10091

๐Š๐ž๐ฒ ๐๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ:-

๐๐จ๐ซ๐ ๐–๐š๐ซ๐ง๐ž๐ซ,
๐๐ซ๐ฎ๐ฌ๐š ๐„๐ฅ๐ž๐œ๐ญ๐ซ๐จ๐ง๐ข๐ค,
๐‘๐จ๐›๐ž๐ซ๐ญ ๐๐จ๐ฌ๐œ๐ก ๐†๐ฆ๐›๐‡,
๐‚๐จ๐ง๐ญ๐ข๐ง๐ž๐ง๐ญ๐š๐ฅ ๐€๐†,
๐ƒ๐š๐ง๐š ๐ˆ๐ง๐œ๐จ๐ซ๐ฉ๐จ๐ซ๐š๐ญ๐ž๐,
๐ƒ๐ž๐ง๐ฌ๐จ,
๐‡๐ข๐ญ๐š๐œ๐ก๐ข,
๐Œ๐š๐ ๐ง๐š ๐ˆ๐ง๐ญ๐ž๐ซ๐ง๐š๐ญ๐ข๐จ๐ง๐š๐ฅ ๐ˆ๐ง๐œ.,
๐Œ๐š๐ ๐ง๐ž๐ญ๐ข ๐Œ๐š๐ซ๐ž๐ฅ๐ฅ๐ข ๐‚๐ค ๐‡๐จ๐ฅ๐๐ข๐ง๐ ๐ฌ,
๐Œ๐ข๐ญ๐ฌ๐ฎ๐›๐ข๐ฌ๐ก๐ข ๐„๐ฅ๐ž๐œ๐ญ๐ซ๐ข๐œ ๐‚๐จ๐ซ๐ฉ.,
๐’๐œ๐ก๐š๐ž๐Ÿ๐Ÿ๐ฅ๐ž๐ซ ๐€๐†,
๐™๐… ๐…๐ซ๐ข๐ž๐๐ซ๐ข๐œ๐ก๐ฌ๐ก๐š๐Ÿ๐ž๐ง ๐€๐†,
๐๐ข๐๐ž๐œ ๐‚๐จ๐ซ๐ฉ๐จ๐ซ๐š๐ญ๐ข๐จ๐ง,
๐๐š๐ง๐š๐ฌ๐จ๐ง๐ข๐œ,
๐“๐จ๐ฒ๐จ๐ญ๐š ๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐ž๐ฌ ๐‚๐จ๐ซ๐ฉ๐จ๐ซ๐š๐ญ๐ข๐จ๐ง,
๐•๐š๐ฅ๐ž๐จ,
๐Š๐ž๐ฅ๐ฅ๐ฒ ๐‚๐จ๐ง๐ญ๐ซ๐จ๐ฅ๐ฌ, ๐ˆ๐ง๐œ.

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๐€๐›๐จ๐ฎ๐ญ ๐”๐ฌ
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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