Comprehensive Market Analysis on Automotive Electric Drivetrain Components Market projected to reach USD 241.0 Billion by 2030 | CAGR of 22.9% | Forecast period 2023-2030, published by MarketDigits

Automotive Electric Drivetrain Components Market Scope:
Market size value in 2023 - USD 56.9 Billion
Market size value in 2030 - USD 241.0 Billion
CAGR (2023-2030) - 22.9%
Forecast Period - 2023-2030
Segments Covered - Components, Vehicle Type, Sales Channel & Region
Geographies Covered - North America, Europe, Asia Pacific, and Row
Sample of Companies Covered - BorgWarner, ZF Friedrichshafen AG, Schaeffler AG, UNIVANCE Corporation.

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Browse in-depth TOC on "Automotive Electric Drivetrain Components Market"
178-Tables
95-Figures
332-Pages

Asia Pacific dominates the market for Automotive Electric Drivetrain Components.
The dominating region in the global automotive electric drivetrain components market is currently Asia-Pacific, with China being the frontrunner. China has emerged as a major player in the electric vehicle industry, supported by ambitious government targets, robust infrastructure development, and strong consumer demand for electric cars. The country's dominance in the market is evident from its leading position in electric vehicle sales and production.
In terms of market share and growth potential, India is an upcoming player in the automotive electric drivetrain components market. The Indian government has announced ambitious plans to promote electric mobility, offering incentives and subsidies to both manufacturers and consumers. The push for cleaner transportation and the growing need to reduce air pollution in major cities are driving the demand for electric vehicles in India. As a result, the market for electric drivetrain components is expected to witness substantial growth in the country.
Furthermore, Brazil in South America is showing promise as an emerging market for electric vehicles and drivetrain components. The Brazilian government is taking steps to encourage the adoption of electric mobility, creating opportunities for manufacturers in the drivetrain components sector. These emerging markets present high growth potential due to a combination of supportive government policies, increasing environmental consciousness, and a growing middle-class population, which is likely to drive the demand for electric vehicles and their components.

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Top Key Players Covered in the Report-
Aisin Seiki Co., Ltd., Denso Corporation, Hexagon AB, VALEO, BorgWarner, ZF Friedrichshafen AG, Schaeffler AG, UNIVANCE Corporation, and Others.

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Recent Developments-
• In June 2020, the ATF-MFZ and ATF-SHP are two new automatic transmission fluids from AISIN. All Mazda cars that need automatic transmission fluid of the Mazda FZ type should use ATF-MFZ. All Subaru vehicles that need Subaru Type HP automatic gearbox fluid can use ATF-SHP.

https://industrytoday.co.uk/market-research-industry-today/emerging-trends-and-innovations-for-the-automotive-electric-drivetrain-components-market-projected-to-reach-usd-2410-billion-by-2030

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