Automotive Powertrain Trends and Forecast
The future of the global automotive powertrain market looks promising with opportunities in the passenger car, light commercial vehicle, and heavy commercial vehicle markets. The global automotive powertrain market is expected to reach an estimated $1,074.5 billion by 2030 with a CAGR of 6.2% from 2024 to 2030. The major drivers for this market are growing preference for smaller engines, increasing requirement for autonomous gearboxes, and expanding preference for electric and hybrid powertrain.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Automotive Powertrain by Segment
The study includes a forecast for the global automotive powertrain by engine type, vehicle type, position type, and region.
Automotive Powertrain Market by Engine Type [Shipment Analysis by Value from 2018 to 2030]:
• Gasoline
• Diesel
Automotive Powertrain Market by Vehicle Type [Shipment Analysis by Value from 2018 to 2030]:
• Passenger Cars (PCs)
• Light Commercial Vehicles (LCVs)
• Heavy Commercial Vehicles (HCVs)
Automotive Powertrain Market by Position Type [Shipment Analysis by Value from 2018 to 2030]:
• Front-Wheel Drive (FWD)
• Rear-Wheel Drive (RWD)
• All-Wheel Drive (AWD)
Automotive Powertrain Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Automotive Powertrain Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies automotive powertrain companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the automotive powertrain companies profiled in this report include-
• BorgWarner
• Continental
• Magna International
• Marelli Holdings
• Mitsubishi Electric Corporation
• NIDEC CORPORATION
• Robert Bosch
• Schaeffler
• ZF Friedrichshafen
• VALEO
Automotive Powertrain Market Insights
Lucintel forecasts that gasoline will remain the larger segment over the forecast period.
Within this market, passenger car will remain the largest segment over the forecast period.
APAC will remain the largest region over the forecast period.
Features of the Global Automotive Powertrain Market
Market Size Estimates: Automotive powertrain market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Automotive powertrain market size by engine type, vehicle type, position type, and region in terms of value ($B).
Regional Analysis: Automotive powertrain market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different engine types, vehicle types, position types, and regions for the automotive powertrain market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the automotive powertrain market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the automotive powertrain market size?
Answer: The global automotive powertrain market is expected to reach an estimated $1,074.5 billion by 2030.
Q2. What is the growth forecast for automotive powertrain market?
Answer: The global automotive powertrain market is expected to grow with a CAGR of 6.2% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the automotive powertrain market?
Answer: The major drivers for this market are growing preference for smaller engines, increasing requirement for autonomous gearboxes, and expanding preference for electric and hybrid powertrain.
Q4. What are the major segments for automotive powertrain market?
Answer: The future of the automotive powertrain market looks promising with opportunities in the passenger car, light commercial vehicle, and heavy commercial vehicle markets.
Q5. Who are the key automotive powertrain market companies?
Answer: Some of the key automotive powertrain companies are as follows:
• BorgWarner
• Continental
• Magna International
• Marelli Holdings
• Mitsubishi Electric Corporation
• NIDEC CORPORATION
• Robert Bosch
• Schaeffler
• ZF Friedrichshafen
• VALEO
Q6. Which automotive powertrain market segment will be the largest in future?
Answer: Lucintel forecasts that gasoline will remain the larger segment over the forecast period.
Q7. In automotive powertrain market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region over the forecast period.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the automotive powertrain market by type (gasoline and diesel), vehicle type (passenger cars (PCs), light commercial vehicles (LCVs), and heavy commercial vehicles (HCVs)), drive type (front-wheel drive (FWD), rear-wheel drive (RWD), and all-wheel drive (AWD)), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Automotive Powertrain Market, Automotive Powertrain Market Size, Automotive Powertrain Market Growth, Automotive Powertrain Market Analysis, Automotive Powertrain Market Report, Automotive Powertrain Market Share, Automotive Powertrain Market Trends, Automotive Powertrain Market Forecast, Automotive Powertrain Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.