The global automotive powertrain market size is expected to be worth around US$ 2 trillion by 2030, according to a new report by Vision Research Reports.
The global automotive powertrain market size was valued at US$ 698.86 billion in 2020 and is anticipated to grow at a CAGR of 12.6% during forecast period 2021 to 2030.
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Automotive Powertrain Market (By Vehicle Type: Passenger Vehicle, Commercial Vehicle; By Propulsion Type: ICE, BEV) – Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 2021 – 2030
|Market Size||US$ 2 trillion by 2030|
|Growth Rate||CAGR of 12.6% From 2021 to 2030|
|Forecast Period||2021 to 2030|
|Segments Covered||Vehicle type, propulsion type|
|Regional Scope||North America, Europe, Asia Pacific, Latin America, Middle East & Africa|
|Companies Mentioned||BorgWarner; Continental AG; Magna International Inc.; Marelli Holdings Co., Ltd.; Mitsubishi Electric Corp; Nidec Corporation; Robert Bosch GmbH; Schaeffler AG; Valeo; ZF Friedrichshafen AG|
The increasing demand for environment-friendly vehicles and increasingly stringent government regulations regarding vehicular emission are expected to favor the demand for automotive powertrains in the market. Moreover, technological advancements in powertrain systems to enhance the vehicle’s efficiency are anticipated to boost market growth prospects over the forecast period.
The adoption rate and pace of evolution of automotive powertrain vary across regions according to purchase subsidies, regulatory differences, road pricing, fuel taxation policy, state support, and consumer preferences. In Europe and countries such as China, South Korea, and Japan, stringent regulations are expected to make OEMs shift their focus on electrified powertrain options. Other significant factors that constitute the evolution of powertrain include developing charging infrastructure in different regions globally.
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- Continental AG
- Magna International Inc.
- Marelli Holdings Co., Ltd.
- Mitsubishi Electric Corp
- Nidec Corporation
- Robert Bosch GmbH
- Schaeffler AG
- ZF Friedrichshafen AG
- By Vehicle Type
- Passenger Vehicle
- Commercial Vehicle
- By Propulsion Type
- Natural Gas Vehicle
- Electric Vehicle
- North America
- Asia Pacific
- Greater China
- South Korea
- Latin America
- Middle East & Africa
- North America
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In this study, the years considered to estimate the market size of Automotive Powertrain are as follows:
- History Year: 2017-2020
- Base Year: 2021
- Forecast Year 2021 to 2030
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– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
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