Auto Powertrain Market
Auto Powertrain Market Global Industry Assessment & Forecast
#
Pages:
169
2021
Nov - 2021
VMR-2021-0578
Segments Covered
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
Snapshot
 Forecast
Years:
|
2021 - 2028 |
 Historical
Years:
|
2016 - 2020 |
 Revenue
2021: |
538.42 Billion |
 Revenue 2028:
|
723.54 Billion |
 Revenue CAGR
(2021 - 2028): |
4.30% |
Fastest Growing Region (2022 -
2028)
|
Asia Pacific |
Customization Offered
Cross-segment Market Size and
Analysis
for Mentioned Segments- Additional Company Profiles (Upto 5
With
No Cost)
- Additional Countries (Apart From
Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request
Customization Speak To
Analyst
Research Methodology: Auto Powertrain Market - Global Market Assessment, 2021 - 2028
Auto Powertrain Market study involves the combination of secondary and primary research for data collection and utilizes a robust and veracious methodology to attain results on quantitative and qualitative analysis for specific market research studies. Moreover, Vantage Market Research utilizes tried and tested approaches to arrive at market-related projections. The research methodology is based on the 3-dimensional model consisting of 3 phases namely: Secondary Research, Primary Research, and Data Triangulation. After the exhaustive secondary research, the procured information is revalidated through primary research.
Secondary Research
Primary Research:
The primary research was conducted to gather further information and revalidate the data collected from the secondary research. Moreover, primary research is also conducted to identify key players in the market and to gather their market-specific financial information. A typical primary interview fulfills data requirements pertaining to first-hand information on global market size, regional and segmental trends, competitive landscape expertise development, and market understandings among others.
Data Triangulation and Market Size Estimations
Top-down and bottom-up approaches are used to validate and estimate the market size of the Auto Powertrain market. After the determination of the overall market size, the market is divided into various segments and sub-segments. Moreover, these same approaches mentioned above were used to derive and estimate market numbers for mentioned segments/sub-segments in the market. The data was triangulated by employing various data models and statistical techniques to arrive at exact statics and market size for each segment/sub-segment of the market. Moreover, region-wise product mapping analysis was used to gain some more insights on the competitive trend in the global Auto Powertrain market.
FAQ
Frequently Asked Question
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.
