Automotive Powertrain System Market Is Expected To Grow At A CAGR Of 5.7% By 2023

Market Highlights:
The global automotive powertrain system market is a progressing market, and is expected to witness significant growth over the forecast period. Automotive powertrain system is one of the most crucial vehicle parts which has been gaining a lot of attention among major vehicle manufacturers. Automotive industry has become one of the major revenue generator industries and has come up with several technological advancements in the last few years, automotive powertrain system being one of them. The global automotive powertrain system market has seen remarkable growth in the global market, and it has been observed that, its demand in the future is expected to grow with the CAGR of ~5.7%.

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The automotive powertrain system performs an important function within the engine, and enhances its efficiency, enabling a smooth run of the vehicle. The automotive powertrain system majorly consists of components such as engine, transmission, drive shafts, differentials and others used to transform the stored energy into kinetic energy. These components works very efficiently, transmitting the engine performance to the powertrain system. The global automotive powertrain system market is mainly influenced by the growing factors such as low emission & improved fuel efficiency, and increasing sales of new vehicles. Strict government regulations on reducing vehicles emission, technological advancements and economically emerging economies, also influence the growth. A major hindrance that could prevent the market growth would be higher system cost. The growing demand for gasoline engine vehicles, and increasing disposable income, in many countries creates major market opportunities.

Key Players of Automotive Powertrain System Market:
The prominent players in the automotive powertrain system market include Toyota Motor Corporation (Japan), General Motors Company (US), Hyundai Motor Company (South Korea), Aisin Seiki (Japan)), Borgwarner (US), Ford Motor (US), Delphi Automobile (UK), Magna Powertrain (US), Denso Corporation (Japan), GKN PLC (UK), Jtekt Corporation (Japan), ZF Friedrichshafen (Germany) and among others.

Scope of the Report:
This study provides an overview of the global automotive powertrain system market, tracking three market segments across four geographic regions. The report studies key players, providing a six year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global automotive powertrain system market by component, by engine type, by vehicle type and by regions.

By Component
• Engine
• Transmission
• Differentials
• Drive Shafts
• Others

By Engine Type
• Gasoline
• Diesel
• By Vehicle Type
• Passenger Vehicles
• Commercial Vehicles

By Regions
• North America
• Asia Pacific
• Europe
• Rest of the World

Market Research Analysis:
Region wise, the global automotive powertrain system market has been segmented as North America, Europe, Asia Pacific and Rest of the World. Asia Pacific has accounted for the largest market share, in 2016, followed by North America and Europe. Policies regarding reducing emission in North America has become the major growth driver. Europe, has been witnessing a rise in the sales of gasoline passenger vehicles, which has augmented the demand for automotive powertrain system. Also, Germany, UK and France being the leading countries in Europe, have fuelled the growth of the market. Asia Pacific has been the fastest growing economy.

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Table of Contents:
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power of Buyers
3.1.3 Bargaining Power of Suppliers
3.1.4 Threat of Substitutes
3.1.5 Segment Rivalry
3.2 Value Chain/Supply Chain Analysis
Continue…

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