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Major Force in the Power Train And Power Train Parts Market 2025: Fuel Efficiency Drive The Catalyst For Advancements In The Powertrain And Powertrain Parts Market

03-21-2025 10:25 AM CET | Logistics & Transport

Press release from: The Business Research Company

Power Train And Power Train Parts Global Market Report 2025

Power Train And Power Train Parts Global Market Report 2025

How Will the Power Train And Power Train Parts Market Grow, and What Is the Projected Market Size?
Over the past few years, the market size for power train and power train parts has been expanding robustly. Projections indicate that it will surge from $455.51 billion in 2024 to $496.6 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 9.0%. The historical expansion period can be credited to strict emission regulations, an upsurge in demand for automatic transmission, a swelling trend of engine downsizing, escalating demand for hybrid powertrains, and a growing consumer inclination for passenger cars.

The market size for power train and power train components is anticipated to witness robust growth in the coming years, expanding to $678.29 billion by 2029 with an 8.1% CAGR. The predicted growth during this period can be credited to factors such as electrification and hybridization, autonomous vehicles, energy efficiency, connectivity and IoT, as well as green energy and hydrogen. Key trends during the forecasting period include lightweighting, the use of advanced materials and composites, digitalization and AI, remanufacturing and the circular economy, and modular powertrain systems.

What Key Elements Are Boosting Growth in the Power Train And Power Train Parts Market?
The escalating demand for enhanced fuel efficiency is a significant propellant for the power train and power train parts market. Fuel consumption is dictated by factors such as engine capabilities, fuel variety, and the aptitude at which the engine's production is transferred to the wheels. The powertrain system conveys the energy derived from the engine to the vehicle's wheels and aids in reducing engine speed to conserve fuel. Consumer Reports conducted a survey which indicated that 85% of American adults have expressed the need for automakers to persistently amplify fuel economy across all vehicle types. This necessity to upgrade fuel efficiency incites the evolution of novel power train systems, which are cost-effective and exhibit superior fuel efficiency.

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Who Are the Major Industry Players Fueling Power Train And Power Train Parts Market Expansion?
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.

Which Key Developments Are Influencing the Power Train And Power Train Parts Market?
Key players in the power train and power train components industry are focusing on the development of PowerLine transmissions in order to increase fuel efficiency, lessen emissions, improve performance, and cater to the increasing demand for sophisticated automatic transmission systems in vehicles. The PowerLine transmission is a progressive automatic transmission system primarily intended for commercial vehicles, offering improved fuel efficiency, superior driving comfort, and excellent performance. This innovative 8-speed automatic transmission is crafted to amplify fuel efficiency and performance for medium-heavy trucks, pickups, and buses. For example, in February 2024, ZF Friedrichshafen AG, a company based in Germany, introduced PowerLine CV transmissions, an automatic transmission. The PowerLine transmission has the potential to increase fuel consumption by up to 10% compared to current systems. This is accomplished through a usage-reducing overall ratio spread of 7.64 and early closure of the torque converter, which enhances power delivery and efficiency. It can support engines with torque output of up to 1200 Nm, hence making it apt for vehicles with a gross vehicle weight of up to 26 tons.

How Is the Segmentation of the Power Train And Power Train Parts Market Defined?
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, Defense Vehicles, Agricultural Vehicles

Subsegments:
1) By Engine: Internal Combustion Engine (ICE), Electric Motor, Hybrid Engine (Combination Of ICE And Electric Motor), Fuel Cell Engine
2) By Transmission: Manual Transmission (MT), Automatic Transmission (AT), Continuously Variable Transmission (CVT), Dual-Clutch Transmission (DCT), Semi-Automatic Transmission
3) By Drive Shafts: Front Drive Shafts, Rear Drive Shafts, Propeller Shafts, Half Shafts
4) By Differentials: Open Differential, Limited-Slip Differential (LSD), Locking Differential, Electronic Differential
5) By Final Drive: Front Final Drive, Rear Final Drive, All-Wheel Drive (AWD) Final Drive, Four-Wheel Drive (4WD) Final Drive

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What Is the Leading Region in the Power Train And Power Train Parts Market?
Asia-Pacific was the largest region in the power train and power train parts market in 2023. Western Europe was the second largest region in the power train and power train parts market. The regions covered in the power train and power train parts market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

What Is Covered In The Power Train And Power Train Parts Global Market Report?

- Market Size Analysis: Analyze the Power Train And Power Train Parts Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Power Train And Power Train Parts Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Power Train And Power Train Parts Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Power Train And Power Train Parts Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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