Electric Powertrain Market Outlook 2021-2027:

The electric powertrain of a vehicle is defined by its performance, comfort, and safety, it is undergoing radical change which is driven by the challenges that the global electric powertrain market faces today. The engine and transmission are considered to be the major components of the powertrain, and other key components include the clutch or torque converter, drive shaft or propeller shaft, differential, and axles. The increasing need for less dependence on fossil fuels and improved carbon footprints is driving the growth in the technologies used in all vehicles. The increasing demand for such technologies has a direct impact on approaches to testing of powertrain components and systems all around the globe. Currently, gasoline powertrains are the most widely adopted, and are expected to be replaced by diesel ones as the difference between the prices of gasoline and diesel is increasing. As a result of this, the powertrain systems and components manufacturers have been adopting electric powertrains to reduce fuel usage in vehicles.

 Market scope and structure analysis:

COVID-19 scenario analysis:

• As the manufacturing units around the world have been shut down, footfalls in the demand due to market shut down with a huge dip in the sales of units have made a huge impact on the market.
• The highest production loss has been listed by the most productive countries around the world since the pandemic, plus the economic trade has also posted a huge impact on the manufacturing companies.
• The shutdown of manufacturing assembly plants has had a pronounced ripple effect on the rest of the industry, with thousands of suppliers and sub-suppliers being directly impacted.
• The companies have taken various measures during the pandemic and lockdown to maintain sustainability in the market but the small market players will suffer huge losses and will require more time to revive the demand back into the market.
• The global supply chain has been broken starting from China to Europe, manufacturers dependent on raw material and small components are unable to process the production cycle.

Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis 

Some of the factors such as the growing trend of downsized engines and rising demand for automatic transmissions are expected to grow the demand of the market over the forecast period. However, stringent emission norms and saturation in developing markets are anticipated to hamper the growth of the market. Furthermore, increasing car penetration in emerging countries is expected to offer lucrative opportunities for the market in the forecast period.

The electric powertrain market trends are as follows:

The growing trend of downsized engines 

The downsizing of an engine is a practice of improving fuel efficiency in an internal combustion engine (ICE) to utilize smaller combustion engines over larger ones of the same power capacity when manufacturing vehicles. Also, by reducing the frictional loss and weight while turbocharging is used to maintain the peak power from an engine. In addition, the downsizing of the engine can help in reducing fuel consumption and emissions inside the engine. Hence, the increasing trend for the downsizing of the engine has rapidly increased the demand for the electric powertrain testing market all across the globe.

Rising demand for automatic transmissions 

An automatic transmission in an engine is a type of motor vehicle transmission that automatically changes the gear ratio as the vehicle moves, meaning rather than utilizing a clutch the gear is automatically shifted. In addition, manufacturers in the industry are striving to offer cost-efficient solutions without compromising on the performance of the vehicle through their product offerings. Hence, they are adopting several growth strategies to meet the rising demand for transmission systems across the automotive industry. The increasing demand for automatic transmission in the industry as they are required to abide by stringent regulations which are expected to grow the electric powertrain testing market further in the forecast period.

Key segments covered:               

Key benefits of the report:

• This study presents the analytical depiction of the electric powertrain market 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 a detailed analysis of the electric powertrain market share.
• The current market is quantitatively analyzed from 2020 to 2027 to highlight the electric powertrain market scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
• The report provides a detailed electric powertrain market analysis based on competitive intensity and how the competition will take shape in the coming years. 

    
Questions answered in the electric powertrain market research report:

• What are the leading market players active in the electric 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?
• What are the projections for the future that would help in taking further strategic steps?