Automotive Powertrain Systems Market Growth Rate, Demands, Status and Application Forecast to 2026

According to the new market research "Automotive Powertrain Systems Market, [By Drive Type (Front-Wheel Drive Powertrain System, Rear-Wheel Drive Powertrain System and All-Wheel Drive Powertrain System); By Vehicle Type (Passenger Cars, Commercial Vehicles); By Fuel Type (Gasoline, Diesel); By Region]: Market size & Forecast, 2018 – 2026", The Automotive Powertrain Systems market is expected to reach USD 892 billion by 2026 from USD 530 billion in 2017, at a CAGR of 6.1%.

Automotive powertrain systems comprise engines to drive the vehicle wheels through transmission, incorporating a gearbox and final drive unit. The automotive powertrain system is responsible for converting the power of the engine into movement. The different components of automotive powertrain systems include engines, transmission, driveshaft, differentials, and axles.

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Major Key Player: -

• Ford Motor Company
• Hyundai Motor Company
• Volkswagen AG
• ZF Friedrichshafen AG
• Toyota Motor Corporation
• General Motors Company
• Aisin SeikiCo. Ltd.
• Delphi Automobile
• Denso Corporation
• GKN PLC.

The demand for automotive powertrain systems has increased owing to increasing modernization of vehicles, and growing demand for passenger vehicles. The increasing trend of downsized engines, and rising production of motor vehicles support the growth of the automotive powertrain systems market. The growth in global automotive industry and increasing demand for automatic transmissions has resulted in market growth. The introduction of stringent government regulations regarding carbon emissions further increases the demand for automotive powertrain systems. Growing demand from emerging economies, and technological advancements are factors expected to provide numerous growth opportunities for automotive powertrain systems market during the forecast period.

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The report provides an extensive qualitative and quantitative analysis of the market trends and growth prospects of the Global Automotive Powertrain Systems Market, 2017-2026. This report comprises a detailed geographic distribution of the market across North America, Europe, Asia-Pacific, Latin America, and MEA. North America is further segmented into U.S., Canada, and Mexico. Europe is divided into Germany, UK, Italy, France, and Rest of Europe. Asia-Pacific is bifurcated into China, India, Japan, and Rest of Asia-Pacific.

The Asia-Pacific automotive powertrain systems market generated the highest revenue in 2017 owing to increasing demand of passenger vehicles, and growing automotive production. The strict government regulations regarding vehicular emissions, and high penetration of electric vehicles in the region impacts the market growth.

Competitive Landscape

The global automotive powertrain systems market is characterized by the presence of well-diversified international and small and medium-sized vendors. These companies are consistently launching new products to enhance their offerings in the market. With the advancement of technologies, companies are innovating and introducing new customized products to cater the growing needs of the customers. Leading companies are also acquiring other companies, and enhancing their product offerings to improve their market reach. Acquisitions enable key players to increase their market potential in terms of geographic expansion and expansion of customer base.

Key Segments

Drive Type

• Front-Wheel Drive Powertrain System
• Rear-Wheel Drive Powertrain System
• All-Wheel Drive Powertrain System

Vehicle Type

• Passenger Vehicles
• Commercial Vehicles

Fuel Type

• Gasoline
• Diesel

Region

• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• UK
• France
• Italy
• Rest of Europe
• Asia-Pacific
• China
• India
• Japan
• Rest of Asia-Pacific
• Latin America
• Brazil
• Rest of Latin America

Middle East and Africa.

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Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises.