Automotive Drivetrain Market
Automotive Drivetrain Market Size, Share & Trends Analysis Report by Drive Type (Front-Wheel Drive (FWD), Rear-Wheel Drive (RWD), All-Wheel Drive(AWD) and Four-Wheel Drive (4 WD)), by Vehicle Type (Passenger Cars, Commercial Vehicles, and Electric Vehicle), Forecast Period (2023-2030) Update Available - Forecast 2024-2030
Automotive drivetrain market is anticipated to grow at a CAGR of 5.8% during the forecast period (2023-2030). The market growth is attributed to commercial trends across the globe. The availability of the APP550 highlights the continued trend toward electrification in the automobile sector. To comply with environmental rules and consumer demand for cleaner and more efficient automobiles, many automakers are investing in electric drivetrain technology. Accordingly, market players are coming up with new products to cater to the demand for new electric drivetrain. For instance, in April 2023, Volkswagen revealed the 'ID.' EV family's new generation electric drivetrain. The APP550 innovative electric drivetrain powers ID. According to maintains, the APP550 provides superior performance and more efficiency, therefore Compared to its predecessors, the range of the ID. The APP550 was created specifically for Volkswagen's MEB. The platform for (Modular Electric Drive) has been introduced.
Segmental Outlook
The global automotive drivetrain market is segmented on the drive type, absorber type, vehicle type, and application. Based on the vehicle type, the market is sub-segmented passenger cars, commercial vehicles, and electric vehicles. The passenger cars subcategory is expected to capture a significant portion of the market share within the vehicle type segment. This is attributed to the rising income levels among the population have led to an increase in consumer expenditure, on luxuries, and that essentially drives the growth of the automotive drivetrain market.
The Commercial Vehicles Sub-Segment is Anticipated to Hold a Considerable Share of the Global Automotive Drivetrain Market
Among the applications, the commercial vehicles sub-segment is expected to hold a considerable share of the global automotive drivetrain market. The segmental growth is attributed to the developments in electrification. With increasing environmental regulations, a desire for cleaner transportation options, and the possibility for long-term cost savings, the commercial vehicle market has seen a growing drive toward electrification. Delivery vans, city buses, and even some heavy-duty vehicles now frequently use electric powertrains. Accordingly, market players are coming up with new products to cater to the demand for new e-powertrain. For instance, in May 2023, ZF introduced AxTrax 2, a new e-powertrain for commercial vehicles.
Regional Outlook
The global automotive drivetrain market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia), and the Rest of the World (the Middle East & Africa, and Latin America).
Global Automotive Drivetrain Market Growth by Region 2023-2030
The Asia-Pacific Region is Expected to Grow at a Significant CAGR in the Global Automotive Drivetrain Market
Among all regions, the Asia-Pacific region is anticipated to grow at a considerable CAGR over the forecast period. Regional growth is attributed to the development of infrastructure across the region. The adoption of electric vehicles is significantly influenced by the availability of charging infrastructure. Sales of EVs can rise as more charging stations are installed across India and consumers grow more assured that they can easily charge their EVs. According to the Economics Times, in August 2023, the EV revolution in India was driven by electric two-wheelers. In 2022–2023, India's cumulative sales of electric cars (EVs) passed the 1 million signify to earn the initial time. More than 60% of all EV sales were made up of two-wheelers, an increase of 183% from 2021 to 2022. Incentives are a significant factor in the increase in sales of electric two-wheelers. Furthermore, in India, the proportion of electric vehicles to all vehicle sales has risen to around 5%. By 2030, the government intends to promote 30% of private automobiles, 70% of commercial vehicles, and 80% of two- and three-wheelers as electric vehicles.
Market Players Outlook
The major companies serving the automotive drivetrain market include Aisin Corp., Eaton Corp., Tenneco Inc., Continental AG, Dana Inc., GKN Automotive Ltd., JTEKT Corp., Magna International Inc., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in December 2022, Delta Electronics utilized NXP's S32 Automotive Platform and collaborative ecosystem to accelerate the development of platforms for the next generation of electric vehicles.
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global automotive drivetrain market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Overview
3.1.2. Financial Analysis
3.1.3. SWOT Analysis
3.1.4. Recent Developments
3.2. Key Strategy Analysis
4. Market Segmentation
4.1. Global Automotive Drivetrain Market by Drive Type
4.1.1. Front-Wheel Drive (FWD)
4.1.2. Rear-Wheel Drive (RWD)
4.1.3. All-Wheel Drive(AWD)
4.1.4. Four-Wheel Drive (4 WD)
4.2. Global Automotive Drivetrain Market by Vehicle Type
4.2.1. Passenger Vehicle
4.2.2. Commercial Vehicles
4.2.3. Electric Vehicle
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
5.4.1. Latin America
5.4.2. Middle East and Africa
6. Company Profiles
6.1. Aisin Corp.
6.2. Allison Transmission, Inc.
6.3. American Axle & Manufacturing, Inc.
6.4. BorgWarner Inc.
6.5. Continental AG
6.6. Dana Inc.
6.7. Detroit Diesel Corporation
6.8. Eaton Corp.
6.9. General Motors
6.10. GKN Automotive Ltd.
6.11. JTEKT Corp
6.12. Magna International Inc.
6.13. Melrose Industries PLC
6.14. Nidec Corp.
6.15. Robert Bosch GmbH
6.16. Schaeffler Group
6.17. SHOWA Co.
6.18. Tenneco Inc.
6.19. Volkswagen AG
6.20. ZF Friedrichshafen AG
1. GLOBAL AUTOMOTIVE DRIVETRAIN MARKET RESEARCH AND ANALYSIS BY DRIVE TYPE, 2022-2030 ($ MILLION)
2. GLOBAL FRONT-WHEEL DRIVE AUTOMOTIVE DRIVETRAIN MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
3. GLOBAL REAR-WHEEL DRIVE AUTOMOTIVE DRIVETRAIN MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
4. GLOBAL ALL-WHEEL DRIVE AUTOMOTIVE DRIVETRAIN MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
5. GLOBAL FOUR-WHEEL DRIVE AUTOMOTIVE DRIVETRAIN MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
6. GLOBAL AUTOMOTIVE DRIVETRAIN MARKET RESEARCH AND ANALYSIS BY VEHICLE TYPE, 2022-2030 ($ MILLION)
7. GLOBAL AUTOMOTIVE DRIVETRAIN BY PASSENGER CARS MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
8. GLOBAL AUTOMOTIVE DRIVETRAIN BY COMMERCIAL VEHICLES MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
9. GLOBAL AUTOMOTIVE DRIVETRAIN BY ELECTRIC VEHICLE MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
10. GLOBAL AUTOMOTIVE DRIVETRAIN MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
11. NORTH AMERICAN AUTOMOTIVE DRIVETRAIN MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
12. NORTH AMERICAN AUTOMOTIVE DRIVETRAIN MARKET RESEARCH AND ANALYSIS BY DRIVE TYPE, 2022-2030 ($ MILLION)
13. NORTH AMERICAN AUTOMOTIVE DRIVETRAIN MARKET RESEARCH AND ANALYSIS BY VEHICLE TYPE, 2022-2030 ($ MILLION)
14. EUROPEAN AUTOMOTIVE DRIVETRAIN MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
15. EUROPEAN AUTOMOTIVE DRIVETRAIN MARKET RESEARCH AND ANALYSIS BY DRIVE TYPE, 2022-2030 ($ MILLION)
16. EUROPEAN AUTOMOTIVE DRIVETRAIN MARKET RESEARCH AND ANALYSIS BY VEHICLE TYPE, 2022-2030 ($ MILLION)
17. ASIA-PACIFIC AUTOMOTIVE DRIVETRAIN MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
18. ASIA-PACIFIC AUTOMOTIVE DRIVETRAIN MARKET RESEARCH AND ANALYSIS BY DRIVE TYPE, 2022-2030 ($ MILLION)
19. ASIA-PACIFIC AUTOMOTIVE DRIVETRAIN MARKET RESEARCH AND ANALYSIS BY VEHICLE TYPE, 2022-2030 ($ MILLION)
20. REST OF THE WORLD AUTOMOTIVE DRIVETRAIN MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
21. REST OF THE WORLD AUTOMOTIVE DRIVETRAIN MARKET RESEARCH AND ANALYSIS BY DRIVE TYPE, 2022-2030 ($ MILLION)
22. REST OF THE WORLD AUTOMOTIVE DRIVETRAIN MARKET RESEARCH AND ANALYSIS BY VEHICLE TYPE, 2022-2030 ($ MILLION)
1. GLOBAL AUTOMOTIVE DRIVETRAIN MARKET RESEARCH AND ANALYSIS BY DRIVE TYPE, 2022 VS 2030 (%)
2. GLOBAL FRONT-WHEEL DRIVE AUTOMOTIVE DRIVETRAIN MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS 2030 (%)
3. GLOBAL REAR-WHEEL DRIVE AUTOMOTIVE DRIVETRAIN MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS 2030 (%)
4. GLOBAL ALL-WHEEL DRIVE AUTOMOTIVE DRIVETRAIN MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS 2030 (%)
5. GLOBAL FOUR-WHEEL DRIVE AUTOMOTIVE DRIVETRAIN MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS 2030 (%)
6. GLOBAL AUTOMOTIVE DRIVETRAIN MARKET RESEARCH AND ANALYSIS BY VEHICLE TYPE, 2022 VS 2030 (%)
7. GLOBAL AUTOMOTIVE DRIVETRAIN BY PASSENGER CARS MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS 2030 (%)
8. GLOBAL AUTOMOTIVE DRIVETRAIN BY COMMERCIAL VEHICLES MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS 2030 (%)
9. GLOBAL AUTOMOTIVE DRIVETRAIN BY ELECTRIC VEHICLE MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS 2030 (%)
10. GLOBAL AUTOMOTIVE DRIVETRAIN MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS 2030 (%)
11. US AUTOMOTIVE DRIVETRAIN MARKET SIZE, 2022-2030 ($ MILLION)
12. CANADA AUTOMOTIVE DRIVETRAIN MARKET SIZE, 2022-2030 ($ MILLION)
13. UK AUTOMOTIVE DRIVETRAIN MARKET SIZE, 2022-2030 ($ MILLION)
14. FRANCE AUTOMOTIVE DRIVETRAIN MARKET SIZE, 2022-2030 ($ MILLION)
15. GERMANY AUTOMOTIVE DRIVETRAIN MARKET SIZE, 2022-2030 ($ MILLION)
16. ITALY AUTOMOTIVE DRIVETRAIN MARKET SIZE, 2022-2030 ($ MILLION)
17. SPAIN AUTOMOTIVE DRIVETRAIN MARKET SIZE, 2022-2030 ($ MILLION)
18. REST OF EUROPE AUTOMOTIVE DRIVETRAIN MARKET SIZE, 2022-2030 ($ MILLION)
19. INDIA AUTOMOTIVE DRIVETRAIN MARKET SIZE, 2022-2030 ($ MILLION)
20. CHINA AUTOMOTIVE DRIVETRAIN MARKET SIZE, 2022-2030 ($ MILLION)
21. JAPAN AUTOMOTIVE DRIVETRAIN MARKET SIZE, 2022-2030 ($ MILLION)
22. SOUTH KOREA AUTOMOTIVE DRIVETRAIN MARKET SIZE, 2022-2030 ($ MILLION)
23. REST OF ASIA-PACIFIC AUTOMOTIVE DRIVETRAIN MARKET SIZE, 2022-2030 ($ MILLION)
24. LATIN AMERICA AUTOMOTIVE DRIVETRAIN MARKET SIZE, 2022-2030 ($ MILLION)
25. MIDDLE EAST AND AFRICA AUTOMOTIVE DRIVETRAIN MARKET SIZE, 2022-2030 ($ MILLION)
