27 September 2018: The global automotive powertrain market is expected to drive immense growth at a high CAGR in forthcoming period due to intensive production of vehicles and environmental regulatory compliant trends. The powertrains in any vehicle are considered to be the pivotal component of that vehicle and is identified by its engine and transmission. The power, comfort and safety define the performance quotient of the vehicle.
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Currently gasoline vehicles score over diesel ones but are fast losing out because of high priced gasoline which is becoming dearer as compared to diesel oil. This is leading to manufacturers going in for hybrid powertrains to reduce fuel consumption in vehicles. Segmentation of automotive powertrain market by position includes FWD, RWD and AWD. By vehicle type, segmentation of the market includes passenger car, LCV and HCV.
By engine type, automotive powertrain market includes gasoline and diesel. By regions, segmentation of automotive powertrain market includes North America, Europe, Asia- Pacific, MEA and Latin America. Germany is expected to be largest market for power trains in the European region. U.S ranks high in North America with Mexico and Canada trailing. U.S is largest market both by volume and value in automotive powertrain market.
Transmission and related parts accounted for little less than half of entire share of regional after sales market powertrain demand in 2016 while engine and drive train components touched smaller share of automotive drive train sales market. European economy is showing signs of revival after the market slump not so long ago which also saw automobile industry slowing down but with stringent government norms regarding fuel efficiency, turbochargers are showing the way around. Fuel efficiency is on the rise once again and market for automotive powertrain market is witnessing stable growth.
Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of Automotive Powertrain in these regions, from 2013 to 2025 (forecast), covering
- United States
- South Korea
Global Automotive Powertrain market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including
- General Motors
- Ford Motor
- Hyundai Motor
On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
- Gasoline Powertrain System
- Diesel Powertrain System
- Hybrid Powertrain System
- Flex Fuel Powertrain System
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