Power Train And Power Train Parts Market Size, Trends, Share Analysis, Size And Forecast To 2033

The new report published by The Business Research Company, titled Power Train And Power Train Parts Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033, delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the power train and power train parts market size has grown strongly in recent years. It will grow from $417.67 billion in 2023 to $454.93 billion in 2024 at a compound annual growth rate (CAGR) of 8.9%. The power train and power train parts market size is expected to see strong growth in the next few years. It will grow to $625.25 billion in 2028 at a compound annual growth rate (CAGR) of 8.3%.

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Fuel Efficiency Drive The Catalyst For Advancements In The Powertrain And Powertrain Parts Market
The power train and power train parts market are driven by the increasing demand for improved fuel efficiency. The amount of fuel consumed depends on the engine, the type of fuel used, and the efficiency with which the output of the engine is transmitted to the wheels. The powertrain system transmits the engine energy to the wheels of the vehicle and helps in reducing the speed of the engine to save fuel. According to a survey by Consumer Reports, 85% of American adults demanded that automakers should continue to improve fuel economy for all types of vehicles. The need to increase fuel efficiency promotes the development of new power train systems that are both economical and more fuel-efficient.

Punch Powertrain'S Innovative E-Propulsion Technology Kit Revolutionizes The Powertrain And Powertrain Parts Market
Major companies operating in the power train and power train parts market are innovating new technological products such as E-Propulsion Technology Kit to increase their profitability in the market. The E-Propulsion Technology Kit is a modular electric propulsion system made up of the transmission, electric motor, and power electronics that make up an Electric Drive Unit (EDU). For instance, in November 2021, Punch Powertrain NV automotive parts company launched E-Propulsion Technology Kit. The kit is intended to give automakers a variety of e-drive configuration possibilities, allowing customers worldwide to create unique e-propulsion applications to suit their customers' and businesses' demands. Electric outboard motors for sailboats, fishing boats, dinghies, tenders, inflatable ribs, and more are some uses for the E-Propulsion Technology Kit.

The power train and power train parts market covered in this report is segmented -

1) By Components: Engine, Transmission, Drive Shafts, Differentials, Final Drive
2) By Technology: Hybrid, Automated
3) By Vehicle Type: Passenger Car (PC), Commercial Vehicle (CV), Off-Road Vehicles, Construction Equipment, Defence Vehicles, Agricultural Vehicles

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Major companies operating in the power train and power train parts market include Ford Motor Company, General Motors Company, Volkswagen AG, ZF Friedrichshafen AG, Delphi Technologies Inc., Toyota Motor Corporation, JTEKT Corporation, Allison Transmission Holdings Inc., BorgWarner Inc., Hyundai Motor Company, Aisin Seiki Co. Ltd., JTEKT North America Corporation, AW North Carolina Inc., Dexter Axle Company, Kyklos Bearing International LLC, Deere & Company (John Deere Coffeyville Works), Altra Industrial Motion Corp. (Warner Electric LLC), Fabco Automotive Corporation, American Axle & Manufacturing Holdings Inc., Cloyes Gear and Products Inc., Powertech America Inc., Reliance Electric Company LLC, thyssenkrupp Crankshaft Company LLC, BorgWarner Transmission Systems Inc., Capco Automotive Products Corporation, The Gleason Works, MAHLE GmbH, AVL List GmbH, American Axle & Manufacturing Inc.

Contents of the report:
1. Executive Summary
2. Power Train And Power Train Parts Market Report Structure
3. Power Train And Power Train Parts Market Trends And Strategies
4. Power Train And Power Train Parts Market - Macro Economic Scenario
5. Power Train And Power Train Parts Market Size And Growth
…..
27. Power Train And Power Train Parts Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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