The Global Automotive Power Train Market is expected to reach $752 Billion by 2026; with a CAGR of 8.3% from 2019 – 2026. Growth in electric vehicles across the globe is boosting the global Automotive Power Train Market during the forecast period. China occupied the largest market share in the global Automotive Power Train Market; while North America & Europe are expected to grow moderately in the coming six to seven years.
The power train is basically a vehicle component that defines the vehicle is safe, automated & easy to drive. The key market drivers in the global Automotive Power Train Market are the awareness of using electric vehicles & burgeoning pressure from the ill effects of environmental degradation. To drive safely in the difficult terrain & unforeseen weather conditions, there is a need for enlarged traction with high speed along with the higher towing capacity of the engine. Moreover, the high compliance norms from the government to reduce vehicular pollution are expected to augment the market. However, the high initial investment cost along with the lower reach to the customer may hamper the market. Large investment in research & development by the major companies would open new opportunities for the global Automotive Power Train Market.
The global Automotive Power Train Market is segmented into the industry, type of vehicle, type of engine and geography. By industry, the market is covered under rear-wheel drive, front-wheel drive & all-wheel drive. The type of vehicle is divided into heavy commercial vehicles, light commercial vehicle and passenger cars. The type of engine is classified into diesel engines & gasoline engines. By geography, the market is divided into various geographical regions such as North America, Asia- Pacific, Europe, and Rest of the World.
The country-wise analysis has been also covered under the scope of the report. North America covers the U.S., Canada, and Mexico while Europe covers Germany, France, Italy, U.K., and the Rest of Europe. Japan, China, Russia, India, South Korea, Australia, and Rest of Asia-Pacific have been analyzed under the Asia-Pacific market. The rest of the world includes Central & South America, the Middle East, and Africa.
The scope of the report covers an in-depth analysis of the market in terms of both qualitative and quantitative analysis across the segments as well as cross-sectional analysis of the segments including the geographies and its countries. The market has been analyzed both from demand as well as supply side to come to an accurate scenario. Products across application and application across geographies have been mapped to provide you a precise competitive scenario to have a leading edge in the market.
Key companies operating in this market and their company profile along with the market share analysis and competitive scenario is also part of the report. Top players are Jtekt Corporation, Toyota Motor Corporation, ZF Friedrichshafen AG etc., Hyundai Motor Corporation, GKN PLC, Volkswagen AG,General Motors Company,Aisin Seiki Co. Ltd., Ford Motor Company, Dana Incorporated and others.
The Highlights of the Report
Scope of the Global Automotive Power Train Market
By Engine Type
By Type of Vehicle