Global Automotive Powertrain Market Overview, Trends and Growth Opportunities Forecasted till 2026
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The next section offers an overview of the global automotive powertrain market. This comprises an introduction to the market, along with a standard definition of the product – automotive powertrain. In this section, market value and year-over-year growth is offered to the readers. Year-over-year growth provides readers with a broader view of growth patterns over the forecast period.
The report’s succeeding section focuses on drivers, restraints and key trends from macroeconomic, demand, and supply perspectives. Impact analysis of weighted average model-based growth drivers is contained in the report for better provision of decision-making insights to clients.
In order to offer readers with up-to-date information about the latest advancements in the global automotive powertrain market, the report provides updates about market opportunities, which can benefit leading manufacturers of automotive powertrain. With continuous evolution of the consumer goods sector, keeping a record of latest developments and trends is fundamental for automotive powertrain manufacturers to formulate key business strategies. Detailed insights about raw material sourcing, supply chain, pricing analysis, list of distributors, and cost structure are provided in this section.
Technological Advancements to Underscore Lucrative Growth Opportunities
In order to reduce the consumption and fuel emission, manufacturers are increasingly focusing on incorporating engine downsizing in the vehicles. Increasing integration of engine downsizing will continue to remain a major trend in the automotive industry globally. In addition, manufacturers are also focusing on integrating engine management sensors to improve the efficiency of the engine and optimize the fuel economy. Moreover, companies in the automotive industry are further concentrating on offering vehicles equipped with sensor clusters and smart actuators. Growing need to integrate automotive components such as transmission, smart actuators and sensor clusters will continue to fuel demand for automotive powertrain globally. Manufacturers are also focusing on integrating leading technological features such as combustion control to ensure effective prevention of the environmental pollution. Bound to these factors, the global automotive powertrain market is expected to witness significant growth during the forecast period.
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Gasoline Powertrain to Represent a Leading Segment
Growing need for power in all the wheels of the vehicle is expected to rev up demand for all wheel drive in the automotive industry. On the basis of position type, the all wheel drive segment is expected to represent the highest revenue growth, accounting for a value of over US$ 80 Mn by the end of 2026. Moreover, the all wheel drive position type segment is expected to register a robust CAGR throughout the forecast period.
Based on vehicle type, the light commercial vehicle segment is expected to generate significant revenues, recording a value of over US$ 30 Mn by the end of 2017. However, the mid-sized vehicle type segment and the compact vehicles segment is expected to register a significant CAGR through 2026.
By powertrain type, the gasoline segment is expected to witness a significant revenue growth, accounting for a value of over US$ 100 Mn by the end of 2026. In contrary, the battery electric vehicle powertrain type segment is expected to register the highest CAGR during the forecast period.
Leading market players operating in the global automotive powertrain market include General Motors, Ford Motors, Volkswagen Group, Hyundai, Toyota, BorgWarner Inc., JTEKT Corp., GKN plc., Magna Powertrain Ltd. and Delphi Automobile LLP.
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