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Allied Market Research

Automotive Powertrain Market by Component (Engine, Transmission, Driveshaft, and Differentials), by Vehicle Type (Passenger Vehicle and Commercial Vehicle), and Wheel Drive (Front-wheel drive, Rear-wheel drive, All-wheel drive, and 4-wheel drive): Global Opportunity Analysis and Industry Forecast, 2020–2027

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Jun 2021 | 317 Views
 
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Automotive Powertrain Market Outlook – 2027 

Automotive powertrain delivers power to the vehicle with the help of multiple components working together. Power is generated by engine and then transferred to axles through transmission. Powertrain components consist of engine, transmission, differentials, and driveshaft. In a wider sense, the powertrain includes all of the components used to transform stored energy into kinetic energy for propulsion purposes. Powertrain is a vital in vehicle operation as without it, the vehicle could experience a breakdown. With rise in production of vehicles, the automotive powertrain market is increasing significantly. 

Market scope and structure analysis:

Report Metric

Details

  Market size available for years

  2019–2027

  Base year considered

  2019

  Forecast period

  2020–2027

  Forecast units

  Value (USD)

  Segments covered

  Component, Vehicle type, wheel drive,

  Regions covered

North America (the U.S. and Canada), Europe (Germany, the UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), Latin America (Brazil, Mexico, and rest of LATAM) and The Middle East and Africa

  Companies covered

Toyota Motor Corporation, Hyundai Motor Corporation, ZF Friedrichshafen AG, JTEKT Corporation, Volkswagen AG, Ford Motor Company, GKN PLC, Aisin Seiki Co. Ltd, General Motors Company, Borgwarner Inc.

 

COVID-19 scenario analysis: 

  • The novel coronavirus is escalating threat on economies around the world. Besides the shutdown of industries has impacted in revenue generation and recession.
  • Additionally, due to the impact of COVID-19 and the implication of strict physical distancing norms will anticipate considerable decrease in use of public transport.
  • Moreover, the production of automotive powertrain market has been stopped due to lockdown and supply chain has been disrupted. 
  • With consumer preference shifting toward essential items, sales of new vehicles will drop significantly.
  • However, shared mobility concept will stop and consumer will prefer cost-effective and eco-friendly mobility solution. This will increase the consumer preference toward hybrid vehicle due to its cost-effectiveness and eco-friendliness factors. This will surge the automotive powertrain market growth.

Top impacting factors: market scenario analysis, trends, drivers and impact analysis

The rising demand for high-performance vehicles is driving the automotive powertrain market growth. Additionally, the growing trend for engine downsizing to reduce fuel efficiency and emission is expected to increase the sales of automotive powertrain. Likewise, stringent emission norms in various countries have propelled the demand for superior powertrain.  Moreover, the need for enhanced driving dynamics is driving the market growth. However, high cost associated for sustainable powertrain system is hampering the market growth. Furthermore, high demand for four-wheel drive is proliferating market growth.

The automotive powertrain market trends are as follows:

Electric powertrain

With rising number of electric vehicles forecasted in coming years, the demand for E-powertrain will boost. The e-Powertrain eliminates the need for an internal combustion engine. E-powertrain consist of inverter, high-power electric motor, reduction drive and power delivery module (PDM). In 2018, BMW unveiled its new i-lineup, powered by plug-in hybrid as well as electric powertrain.

Increasing adoption of 4-wheel drive

In the 4WD (Four-wheel drive), the engine sends power to the transmission, which is then split into the front and wheel axles. The torque gets transferred to the all wheels simultaneously. 4WD is highly advantageous on off-road driving. Additionally, has greater torque which can pull heavy loads at slow speeds. Moreover, when the roads are muddy, the 4WD is extremely effective. Most luxury SUVs are equipped with 4WD nowadays.

Key segments covered:

Segments

Sub-segments

  Component type

  • Engine
  • Transmission
  • Driveshaft
  • Differentials

  Wheel drive

  • Front-wheel drive
  • Rear-wheel drive
  • All-wheel drive
  • 4-wheel drive

  Vehicle type

  • Passenger vehicle
  • Commercial vehicle

 

Key benefits of the report:

  • This study presents the analytical depiction of the automotive powertrain industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed automotive powertrain market analysis based on competitive intensity and how the competition will take shape in coming years. 

Questions answered in the automotive powertrain market research report:

  • What are the leading market players active in the automotive powertrain market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What are the projections for the future that would help in taking further strategic steps?
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

  • Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
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With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, web-casts and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast


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Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develops analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth and forecasts


Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)


Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
 
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