Auto Powertrain Market

The global Auto Powertrain market was valued at USD 538.42 Billion in 2020 and is projected to reach USD 723.54 Billion by 2028, growing at a CAGR of 4.30%% from 2021 to 2028.

An automotive powertrain is an assembly of every component that pushes vehicle in the forward direction. Car's powertrain creates power from the engine and delivers it to the wheels on the ground. The key components of a powertrain include an engine, transmission, driveshaft, axles, and differential. As a source of power generation, a good quality powertrain is a key to a better operating range, acceleration, and top speed. It improves fuel economy and controls exhaust emissions.

This report provides an analysis of the Auto Powertrain market for the historic period of 2016–2019 and forecasts for 2021–2028 while 2020 is considered as a base year for estimations. The report includes exhaustive analysis of segments, regions and countries comprising of market size and estimations in terms of revenue for the years 2016–2028. There regional section of the report is bifurcated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Moreover, the report also covers exhaustive information on growth factors/drivers, restraints, opportunities, regulatory landscape and technology roadmap among others. Moreover, the report also includes exhaustive SWOT analysis, PEST analysis, value chain analysis, and Porter’s five forces analysis on Auto Powertrain market. This data is likely to help the industry stakeholders and stimulate the decision-making process.

The COVID-19 outbreak has affected various industries worldwide. The Auto Powertrain market is no exception. Governments across the world took severe actions like border seals, lockdown, and implementing strict social distancing measures, in order to stop swift spread of COVID-19. These actions led to severe impact on the global economy. Industrialist across the globe were forced to halt their production, leading to supply chain disruptions and impairing of various industries. However, it is expected that reopening of trade activities, the market will witness steady growth in demand in the coming years. The impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends for all the regions and countries.

The report provides a completely separate chapter for COVID-19 Impact Analysis. This chapter includes:

o   Impact Assessment of COVID-19 Pandemic

o   Pre & Post COVID-19 Market Size

o   Qualitative analysis on the short term & long-term impact of COVID-19 on the market

o   The analysis provides foremost strategies adopted by competitors to minimize the impact of the pandemic on their business activities and scope for future developments.

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. 

The high cost associated with the powertrain system is likely to restrain the growth of the automotive powertrain market. This is due to the low consumer willingness to pay extra for sustainable powertrain system. Furthermore, automotive powertrain market is highly dependent on the vehicle production which may also hamper the growth of the market as decline in production for vehicles, due to economic downturn will also decline in manufacturing of automotive powertrain system.

The report delivers an acute breakdown of the market based on various segments such as Component Type, Wheel Drive, Vehicle Type, and region. The report includes market size and forecast for each segment by region/country for the years 2016–2028. Moreover, it also covers a thorough analysis of growth factors and opportunities impacting segmental growth.

On the basis of Component Type, the market is divided into Engine, Transmission, Differentials, Driveshaft, Axels. Transmission dominated the global Auto Powertrain market in 2020 and is projected to witness the same trend during the forecast period.

Based on Wheel Drive, the market is segmented into Front-wheel Drive, Rear-wheel Drive, All-wheel Drive. All-wheel drive accounted for the highest market share and is expected to grow at a significant CAGR from 2021 to 2028. 

Based on the geography, the global Auto Powertrain market is segmented into North America, Latin America, Asia Pacific, Europe, and the Middle East & Africa. Moreover, the regional sections if further bifurcated into key country level markets for better understanding of the market.

The report covers detailed analysis on drivers, business opportunities, regulatory norms, supplier concertation and such other factors impacting regional growth. Moreover, it also covers market estimations and forecast for each segment for each region for the years 2016–2028. 

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • France
  • Germany
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Rest of Latin America
• Middle East and Africa
  • GCC Countries
  • South Africa
  • Rest of MEA

The global Auto Powertrain market report provides an exhaustive competitive landscape to give a comprehensive synopsis of the global market. Major players in the Auto Powertrain market are Honda, Nissan, FCA, General Motors, BMW, Ford, Toyota, Hyundai Motor..  This section of the report provides in depth analysis on key market players based on various parameters such as business overview, portfolio analysis, business strategies, financial performance, geographical presence, and recent developments among others. It will also include information on key strategies adopted by major market players. 

• The global Auto Powertrain market was valued at USD 538.42 Billion in 2020
• The global Auto Powertrain Market is projected to reach USD 723.54 Billion by 2028
• Asia Pacific held the highest share of the Auto Powertrain market in 2020
• Some of the major companies operating in the Auto Powertrain market are Honda, Nissan, FCA, General Motors, BMW, Ford, Toyota, Hyundai Motor.