openPR Logo
Press release

Global Powertrain Market to Progress at 5.30% CAGR 2014-2020, Propelled by High Demand for Automobiles in APAC

A report from Transparency Market Research, titled “Global Powertrain Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020,” provides the latest market intelligence. According to the report, the global powertrain market is projected to expand at a CAGR of 5.30% during the forecast period from 2014 to 2020. In 2013, the global powertrain market was worth around US$365.6 bn and by 2020, the market is projected to be worth US$524.6 bn.

A powertrain system forms one of the key, primary components of a vehicle. The powertrain features all of the components that generate power for the vehicle and transmit the same to the wheels, allowing the vehicle to move. The components of a powertrain system include transmission, drive shafts, engine, final drive, and differentials. Furthermore, the overall performance of the vehicle and its fuel economy depend on the attributes of the powertrain system.

The global powertrain market is driven by the growing demand for environment-friendly vehicles, stringent government regulations, and the technological advancement in powertrain systems to improve fuel efficiency. On the other hand, the global powertrain system market is suppressed by the elevated cost of powertrain systems. Moreover, the global powertrain system market will also be challenged by the trend of oligopolistic powertrain suppliers.

Broadly, the global powertrain market is segmented by component, vehicle type, and geography. On the basis of component, the global powertrain market is segmented into final drive, differentials, drive shafts, transmission, and engine. By vehicle type, the global powertrain market is divided into farm tractors, defense vehicles, off-road vehicles, HCVs, ICVs, LCVs, cars, and construction equipment.

According to region, the global powertrain market is classified into Asia Pacific, Europe, North America, and Rest of the World (RoW). Presently, Asia Pacific is one of the most lucrative regions in the global powertrain market. The elevated demand for automobiles in Asia Pacific is projected to drive this regional market. In APAC economies such as China, India, and Japan, the production of a huge number of vehicles is positively impacting the powertrain systems market. Other factors driving the APAC powertrain market are the growing consumption expenditure and upgradation of automobile powertrain systems. Moreover, the ongoing infrastructure development in APAC will also drive the automotive market, in turn driving the powertrain market.

Get Free Sample Report Copy :
http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=4270

The RoW region followed APAC in terms of market attractiveness in the global powertrain market. The presence of the UAE and Brazil has led to considerable growth of the powertrain market in RoW due to the elevated demand for automobiles in these economies. Nevertheless, Europe still continues to be the largest market for powertrains due to the presence of elite automobile brands such as Volkswagen, Mercedes, and BMW in this region.

Players in the global powertrain market will benefit by investing in market opportunities such as hybrid powertrain systems. Moreover, companies can also capitalize on the opportunity presented by the rising demand for noiseless and eco-friendly powertrain systems. Players can also focus on developing powertrain systems capable of functioning on alternative fuels. The key players profiled in the global powertrain market are Continental AG, Hyundai Motor Company, ZF Friedrichshafen, Valeo, Ford Motor Company, Magna International, and General Motors Company.

About Us :

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

90 Sate Street, Suite 700
Albany, NY 12207

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Global Powertrain Market to Progress at 5.30% CAGR 2014-2020, Propelled by High Demand for Automobiles in APAC here

News-ID: 344617 • Views:

More Releases for APAC

Bronchopulmonary Dysplasia APAC Market Poised for Phenomenal Expansion Across AP …
DelveInsight's "Bronchopulmonary Dysplasia- Patient Pool Analysis, Market Size and Market Forecast APAC, 2034" report comprises of detailed understanding of the Bronchopulmonary Dysplasia, historical and forecasted patient burden, treatment addressable patient population, as well as key differences in market trends in the APAC region (India, China, South Korea, Taiwan, and Australia) when compared with established markets. The APAC Bronchopulmonary Dysplasia market report provides current treatment pattern analysis, potential upcoming players, market share
Allergic Rhinitis APAC Market Poised for Phenomenal Expansion Across APAC Region …
"DelveInsight's "Allergic Rhinitis- Patient Pool Analysis, Market Size and Market Forecast APAC, 2034" report comprises of detailed understanding of the Allergic Rhinitis, historical and forecasted patient burden, treatment addressable patient population, as well as key differences in market trends in the APAC region (India, China, South Korea, Taiwan, and Australia) when compared with established markets. The APAC Allergic Rhinitis market report provides current treatment pattern analysis, potential upcoming players, market share
Epilepsy APAC Market Poised for Phenomenal Expansion Across APAC Region in the C …
DelveInsight's "Epilepsy- Patient Pool Analysis, Market Size and Market Forecast APAC, 2034" report comprises of detailed understanding of the Epilepsy, historical and forecasted patient burden, treatment addressable patient population, as well as key differences in market trends in the APAC region (India, China, South Korea, Taiwan, and Australia) when compared with established markets. The APAC Epilepsy market report provides current treatment pattern analysis, potential upcoming players, market share of approved and
Insomnia APAC Market Poised for Phenomenal Expansion Across APAC Region in the C …
DelveInsight's "Insomnia- Patient Pool Analysis, Market Size and Market Forecast APAC, 2034" report comprises of detailed understanding of the Insomnia, historical and forecasted patient burden, treatment addressable patient population, as well as key differences in market trends in the APAC region (India, China, South Korea, Taiwan, and Australia) when compared with established markets. The APAC Insomnia market report provides current treatment pattern analysis, potential upcoming players, market share of approved and
Vascular Dementia APAC Market Poised for Phenomenal Expansion Across APAC Region …
DelveInsight's "Vascular Dementia- Patient Pool Analysis, Market Size and Market Forecast APAC, 2034" report comprises of detailed understanding of the Vascular Dementia, historical and forecasted patient burden, treatment addressable patient population, as well as key differences in market trends in the APAC region (India, China, South Korea, Taiwan, and Australia) when compared with established markets. The APAC Vascular Dementia market report provides current treatment pattern analysis, potential upcoming players, market share
Frontotemporal Dementia APAC Market Poised for Phenomenal Expansion Across APAC …
"DelveInsight's "Frontotemporal Dementia- Patient Pool Analysis, Market Size and Market Forecast APAC, 2034" report comprises of detailed understanding of the Frontotemporal Dementia, historical and forecasted patient burden, treatment addressable patient population, as well as key differences in market trends in the APAC region (India, China, South Korea, Taiwan, and Australia) when compared with established markets. The APAC Frontotemporal Dementia market report provides current treatment pattern analysis, potential upcoming players, market share