Global automotive drivetrain market is anticipated to grow at a CAGR of 5.8% during the forecast period (2023-2030). Passenger cars frequently offer front-wheel drive, rear-wheel drive, all-wheel drive, or four-wheel drive layouts and are intended for daily commuting and personal transportation. Drivetrains of commercial vehicles, including vans, lorries, buses, and delivery vehicles, vary in size and purpose. While bigger trucks and buses may have all-wheel drive, tandem axles, rear-wheel drive, or front-wheel drive, smaller vans may only have front- or rear-wheel drive. Sport utility vehicles and crossovers come with front-wheel drive versions for better fuel economy in addition to all-wheel drive or four-wheel drive options for off-road performance.
Browse the full report description of “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)” at https://www.omrglobal.com/industry-reports/automotive-drivetrain-market
The market’s growth is attributed to the standardization of technology. Electric powertrain technology can be substantially standardized using a common and modular approach. By promoting interoperability, the resulting standardization can make it simpler for users to locate charging stations and other accessories for their electric cars. Accordingly, market players are coming up with new products to cater to the demand for the new approach is to develop electric drivetrains. For instance, in March 2023, Nissan delivered its "X-in-1" new strategy for developing electric powertrains. The method is expected to result in a 30% decrease by allowing the main EV and e-POWER powertrain components to be shared and modularized.
Market Coverage
• The market number available for – 2022-2030
• Base year- 2022
• Forecast period- 2023-2030
• Segment Covered-
o By Drive Type
o By Vehicle Type
o By Application
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- includes Continental AG, Dana Inc., GKN Automotive Ltd., JTEKT Corp., Magna International Inc., and others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Automotive Drivetrain Market Report Segment
By Drive Type
By Vehicle Type
Global Automotive Drivetrain Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
To learn more about this report request a sample copy @ https://www.omrglobal.com/request-sample/automotive-drivetrain-market