Auto Powertrain Market

Auto Powertrain Market by Component Type (Engine, Transmission, Differentials, Driveshaft, Axels) by Wheel Drive (Front-wheel Drive, Rear-wheel Drive, All-wheel Drive) by Vehicle Type (Passenger Cars, Commercial Vehicles) , by Region (North America, Europe, Asia Pacific, Latin America and Middle East & Africa): Global Market Assessment, 2021 – 2028

Frequently Asked Questions

  • What is the global demand for Auto Powertrain in terms of revenue?

    The global Auto Powertrain valued at 538.42 Billion in 2020 and is expected to reach 723.54 Billion in 2028 growing at a CAGR of 4.30%%

  • Which are the prominent players in the market?

    The prominent players in the market are Honda, Nissan, FCA, General Motors, BMW, Ford, Toyota, Hyundai Motor..

  • At what CAGR is the market projected to grow within the forecast period?

    The market is project to grow at a CAGR of 4.30%% between 2021 and 2028.

  • What are the driving factors fueling the growth of the market.

    The driving factors of the Auto Powertrain include

    • The increasing stringent government regulation on vehicle emissions is one of the primary factors propelling the growth of the automotive powertrain market in the upcoming years. Owing to stringent emission norms and fuel economy, vehicle manufacturers are shifting towards engine downsizing with the assistance of turbochargers. The use of components like lithium ion batteries for transmission module of powertrain which contain less toxic metals than other batteries are generally considered to be non-hazardous waste and hence, the power train is considered to improve the fuel efficiency with responding to global environmental regulations by controlling exhaust emissions. Additionally, the European Union has set itself a target of net-zero greenhouse gas emissions by 2050. This in turn, is projected to support the growth of the market over the forecast period.
    • The rising vehicle sale and production across the globe is anticipated to augment the growth of the automotive powertrain market during the forecast period. This is owing to the rapid urbanization, increasing industrialization, increasing disposable income of the consumers, and advancement in technologies. Furthermore, the increasing adoption of personal vehicles has also increased the global sales of automobiles and its production by the manufacturers which in turn is expected to support the growth of the automotive powertrain market in the forecast period.

  • Which region accounted for the largest share in the market?

    Asia Pacific was the leading regional segment of the Auto Powertrain in 2020.

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