Global Automotive Powertrain Market Size, Share, Growth, Trends, and Forecast (2024 - 2031)
Global Automotive Powertrain Market Scope: Historical Data (2021 – 2022), Base Year (2023), Forecast Period (2024 – 2031)
Market Segmentation: By Propulsion Type (ICE (Gasoline, Diesel, and Natural Gas Vehicle), and Electric Vehicle (BEV, and PHEV)), Vehicle Type (Passenger Vehicle, and Commercial Vehicle), and Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa)
Market Overview
The Global Automotive Powertrain Market was valued at USD 917,902.0 million in 2023 and is expected to reach USD 2,968,006.2 million by 2031 while growing at a CAGR of 15.8% during the forecast period (2024-2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Market Dynamics
This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global automotive powertrain market growth. The automotive powertrain, crucial for vehicle movement, is a system of components that generate and deliver power to the wheels. It typically includes the engine or motor, transmission, driveshaft, differentials, and wheels, with configurations varying based on the vehicle type and intended use.
Increasing demand for fuel efficiency, along with continuous advancements in automotive powertrain technologies such as engine efficiency improvements, transmission innovations, and electrification, is driving the growth of the automotive powertrain market. However, obstacles such as high initial costs, technological challenges, and reliability concerns may hinder market expansion.
Furthermore, the global automotive powertrain industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.
Segmentation – By Propulsion Type Analysis
The Global Automotive Powertrain Market is segmented among ICE (Gasoline, Diesel, and Natural Gas Vehicle), and Electric Vehicle (BEV, and PHEV), based on Propulsion Type. In 2023, ICE accounted for the majority of the market share*.
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Segmentation – By Vehicle Type Analysis
The Global Automotive Powertrain Market is segmented among Passenger Vehicle, and Commercial Vehicle, based on Vehicle Type. In 2023, Passenger Vehicle accounted for the majority of the market share*.
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Global Automotive Powertrain Market: Regional Analysis
Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, Asia Pacific dominated the market with the highest market share, while Europe is expected to grow with the highest CAGR during the forecast period (2024 – 2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Competitive Landscape
Some of the key players operating in the market are BorgWarner Inc., Continental AG, Magna International Inc., Marelli Holdings Co., Ltd., Mitsubishi Electric Corporation, NIDEC CORPORATION, Robert Bosch GmbH, Schaeffler AG, Friedrichshafen AG, and VALEO.
Table of Contents:
1. Research Methodology and Market Scope
Research Methodology
Market Scope
2. Executive Summary
3. Global Automotive Powertrain Market Dynamics
Drivers
Restraints
Opportunity
4. Global Automotive Powertrain Industry Analysis
PEST Analysis
Porter's Five Force Analysis
Recent Deals Analysis
5. Global Automotive Powertrain Market Segmentation, By Propulsion Type
Global Automotive Powertrain Market Share Analysis, By Propulsion Type
Global Automotive Powertrain Market Growth Analysis, By Propulsion Type
Global Automotive Powertrain Market Trends, By Propulsion Type
o ICE
Ø Gasoline
Ø Diesel
Ø Natural Gas Vehicle
o Electric Vehicle
Ø BEV
Ø PHEV
6. Global Automotive Powertrain Market Segmentation, By Vehicle Type
Global Automotive Powertrain Market Share Analysis, By Vehicle Type
Global Automotive Powertrain Market Growth Analysis, By Vehicle Type
Global Automotive Powertrain Market Trends, By Vehicle Type
o Passenger Vehicle
o Commercial Vehicle
7. Global Automotive Powertrain Market Segmentation, By Application
Global Automotive Powertrain Market Share Analysis, By Application
Global Automotive Powertrain Market Growth Analysis, By Application
Global Automotive Powertrain Market Trends, By Application
o Research Laboratories and Institutes
o Biotechnology and Biopharmaceutical Companies
o Other Application
8. Global Automotive Powertrain Market Segmentation, By Region
Global Automotive Powertrain Market Share Analysis, By Region
Global Automotive Powertrain Market Growth Analysis, By Region
Global Automotive Powertrain Market Trends, By Region
o North America
o Europe
o Asia Pacific
o Latin America
o Middle East
o Africa
9. Competitive Landscape
BorgWarner Inc.*
o Company Overview
o Financial Performance
o Key Development/Strategies
o SWOT Analysis
Continental AG
Magna International Inc.
Marelli Holdings Co., Ltd.
Mitsubishi Electric Corporation
NIDEC CORPORATION
Robert Bosch GmbH
Schaeffler AG
Friedrichshafen AG
VALEO
*Similar analysis will be provided for each company listed above.