Press release
Global Electric Powertrain Market to Reach US$ 262.3 Billion by 2032, Exhibiting a Strong CAGR of 12.8% from 2025 to 2032
Electric Powertrain Market
Discover Strategic Insights in the Updated 2025 Sample Report: https://www.persistencemarketresearch.com/samples/32904
Scope of the Report:
The Global Electric Powertrain Market Report by Persistence Market Research provides a detailed examination of historical data from 2019 to 2024, with forecasts extending through 2032. The study evaluates market size, value chain dynamics, key growth drivers, challenges, and technological innovations shaping the market. It includes an extensive analysis of primary and secondary research data, validated through industry expert interviews and global market assessments.
The report emphasizes:
Shifts in consumer preferences toward sustainable mobility.
Technological advancements in battery management systems, power electronics, and electric motors.
Comparative performance of electric and hybrid propulsion systems across regions.
Strategic developments such as mergers, acquisitions, partnerships, and capacity expansions undertaken by major OEMs and component suppliers.
Highlights and Key Insights of the Report:
• The global electric powertrain market is expected to reach US$ 262.3 billion by 2032, expanding at a CAGR of 12.8% during the forecast period.
• Battery electric vehicles (BEVs) continue to dominate, accounting for the largest revenue share due to reduced battery costs, advancements in lithium-ion technology, and expanded charging infrastructure.
• Increasing adoption of plug-in hybrid electric vehicles (PHEVs) and fuel-cell electric vehicles (FCEVs) in specific segments such as commercial fleets and off-highway vehicles.
• Strong government incentives and zero-emission mandates are accelerating adoption across Europe, North America, and East Asia.
• Technological progress in power electronics controllers, on-board chargers, and high-performance motors is enhancing overall vehicle efficiency and driving demand.
• Leading automotive manufacturers and component suppliers are heavily investing in R&D for next-generation modular powertrain platforms.
• Strategic partnerships among OEMs and energy storage companies are facilitating supply chain resilience and improving sustainability metrics.
• The market features a diverse competitive landscape, with players focusing on cost optimization, local manufacturing, and vertical integration to enhance market positioning.
Key Players Highlighted in This Report:
• Tesla, Inc.
• BYD Co. Ltd.
• Bosch Mobility
• Magna International Inc.
• BorgWarner Inc.
• ZF Friedrichshafen AG
• Dana Incorporated
• GKN Automotive
• Hitachi Astemo, Ltd.
• Mitsubishi Electric Corporation
• AVL List GmbH
• Cummins Inc.
• Siemens AG
• Nidec Corporation
• Others
These companies are at the forefront of developing innovative electric powertrain solutions-ranging from electric motors and transmission systems to battery packs and electronic control units-to support the ongoing transition toward electrification.
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Market Segmentation
By Vehicle Type:
• Passenger Cars
• Light Commercial Vehicles (LCVs)
• Two and Three-Wheelers
• Off-Highway Vehicles
By Propulsion Type:
• Battery Electric Vehicle (BEV)
• Plug-in Hybrid Electric Vehicle (PHEV)
• Fuel-Cell Electric Vehicle (FCEV)
By Component:
• Motor/Generator
• Battery
• Power Electronics Controller
• Converter
• Transmission
• On-Board Charger
By Region:
• North America
• Europe
• East Asia
• South Asia & Oceania
• Latin America
• Middle East & Africa
Read Detailed Analysis: https://www.persistencemarketresearch.com/market-research/electric-powertrain-market.asp
Regional Overview
North America:
North America continues to experience strong market growth driven by government initiatives promoting EV adoption, such as the U.S. Inflation Reduction Act, and the expansion of EV manufacturing infrastructure. The presence of leading automakers like Tesla and GM, alongside extensive R&D investments in powertrain technologies, further boosts regional demand.
Europe:
Europe remains a key market due to stringent CO2 emission targets, robust EV infrastructure, and regulatory frameworks supporting clean mobility. Germany, France, and the UK are leading the transition, supported by the presence of major OEMs and component manufacturers emphasizing sustainable vehicle architectures.
East Asia:
East Asia, led by China, Japan, and South Korea, holds a dominant position in the global electric powertrain market. The region benefits from high EV production volumes, cost-efficient manufacturing, and advancements in battery and motor technologies. China's aggressive push for electric mobility and local supply chain integration significantly contribute to global market share.
South Asia and Oceania:
Countries such as India and Australia are emerging as promising markets, supported by national EV policies, subsidies for e-mobility startups, and foreign investments in EV infrastructure and component manufacturing.
Latin America:
While still in its early growth phase, Latin America is witnessing gradual adoption of electric powertrains due to favorable import policies, public transportation electrification, and growing environmental awareness among consumers.
Middle East and Africa:
The region is slowly transitioning toward electric mobility, with countries like the UAE and South Africa investing in charging networks and sustainable transport projects, presenting moderate growth opportunities for powertrain suppliers.
Reasons to Purchase This Report
• Provides a comprehensive market outlook, including current trends, growth opportunities, and challenges.
• Delivers a quantitative and qualitative analysis of the electric powertrain market, with forecasts up to 2032.
• Offers detailed segmentation by vehicle type, propulsion type, and component category for better strategic planning.
• Analyzes regional market performance and emerging investment opportunities.
• Includes competitive intelligence featuring company market shares, product portfolios, and strategic developments.
• Provides pricing and cost structure analysis, offering insights into production and operational efficiencies.
• Highlights technological innovations shaping the next generation of electric powertrain systems.
• Supports data-driven decision-making for investors, OEMs, and policymakers.
Get Exclusive Access Now | Buy the Full Report: https://www.persistencemarketresearch.com/checkout/32904
Important Issues Resolved in the Report
1. What is the current and projected size of the global electric powertrain market through 2032?
2. Which propulsion technology-BEV, PHEV, or FCEV-will dominate during the forecast period?
3. What are the major trends influencing the development of electric powertrain systems globally?
4. Who are the leading players in the electric powertrain market, and what strategies are they employing to strengthen their presence?
5. Which regions are expected to register the highest growth in electric powertrain adoption?
6. How are advancements in power electronics, battery chemistry, and electric motors influencing market performance?
7. What opportunities exist for new entrants and suppliers in the global electric powertrain ecosystem?
The Electric Powertrain Market Report (2025-2032) by Persistence Market Research presents a meticulously researched, data-driven view of one of the fastest-growing segments in the global automotive landscape. As electric mobility accelerates across regions, this report serves as an invaluable resource for OEMs, suppliers, investors, and policymakers aiming to understand market dynamics, forecast growth, and identify strategic opportunities.
With comprehensive insights into technological innovation, cost trends, government regulations, and competitive strategies, this report empowers stakeholders to make informed decisions that align with the evolving trajectory of the global electric mobility revolution.
Purchase this report now to gain unparalleled access to data, forecasts, and expert analysis that will help shape your organization's future in the electric powertrain industry.
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About Persistence Market Research:
At Persistence Market Research, we specialize in creating research studies that serve as strategic tools for driving business growth. Established as a proprietary firm in 2012, we have evolved into a registered company in England and Wales in 2023 under the name Persistence Research & Consultancy Services Ltd. With a solid foundation, we have completed over 3600 custom and syndicate market research projects, and delivered more than 2700 projects for other leading market research companies' clients.
Our approach combines traditional market research methods with modern tools to offer comprehensive research solutions. With a decade of experience, we pride ourselves on deriving actionable insights from data to help businesses stay ahead of the competition. Our client base spans multinational corporations, leading consulting firms, investment funds, and government departments. A significant portion of our sales comes from repeat clients, a testament to the value and trust we've built over the years.
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