Global Automotive Powertrain Market by Heavy Commercial Vehicle (HCV), by Vehicle Type (Light Commercial Vehicle (Light Commercial Vehicle LCV) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Due to increased vehicle production and growing awareness about environmental pollution, the global automotive powertrain market will reach USD 650 billion by 2025.

In the near future, the automotive powertrain market will grow at a rate of more than 5%. Any vehicle's powertrain is crucial to its safety, performance, comfort, and security. Together with other components like torque/clutch converters, propeller/drive shafts, axles, differential, and others, the transmissions and engine are key components of a powertrain.

Automotive powertrain market growth is expected to be accelerated by rising demand for automatic transmission and rising trend in engine downsizing, which reduces fuel consumption and emissions. For safe driving on unfavorable terrain or in poor weather, there will be a growing demand for vehicles with enhanced traction, high towing capacities and greater acceleration to meet safety requirements.

Sales are expected to rise due to strict government regulations on reducing carbon dioxide emissions in order prevent global warming. Due to strict emission and fuel economy regulations, manufacturers are shifting towards engine downsizing using turbochargers. Industry growth will also be driven by increasing consumption, increased demand, and the up-gradation or the automobile system.

Growth is expected to be triggered by advanced technologies, such as combustion control improvement applied to internal combustion engine. Manufacturers have been forced to develop systems to meet this growing demand. The market is expected to grow with the development of advanced automobile features in emerging nations.

The automotive powertrain market is expected to be constrained by low customer willingness and high cost of ownership. Stringent emission standards in different countries could also pose a problem for the market.

The automotive powertrain market can be divided by vehicle type into light commercial vehicle (LCV), passenger car and heavy commercial vehicle (HCV). The industry can be divided into three types based on its position: All-wheel (AWD), Front–wheel drive, (FWD), or Rear-wheel-drive (RWD). AWD is expected to grow rapidly due to the many benefits AWD offers over FWD or RWD.

The engine type can be used to divide the industry into gasoline and diesel. Due to rising gasoline prices, many gasoline engines are being adopted. However, diesel engines will soon replace them. These factors have led to component manufacturers adopting hybrid powertrains to cut fuel consumption in their vehicles.

North America is expected to be the largest region in the industry because of its focus on luxury and comfort. This region will see more AWD vehicles than FWD, which could lead to the adoption AWD over RWD.

Asia Pacific will be an emerging region due to rising vehicle sales and growing demand for automatic transmission in countries like India and China. A substantial rise in consumers' purchasing power has led to an increase in demand for high-quality motor vehicles. This has resulted in a conscious demand for better systems. The industry is expected to be driven by extensive industrial and infrastructural developments in these areas.

China's government launched the new vehicle development program, which was combined with other programs to transform the Chinese automobile manufacturing industry.

Europe will see a steady growth rate in the future, despite the 2009 economic downturn. Germany is the region's fastest-growing market. Industry growth has been aided by the presence of key industry players in this region.

Ford Motor Company and GKN PLC are the key players in the automotive powertrain market. Industry players are launching new products, merging and acquiring companies, and forming agreements to increase their industry presence.

Up Market Research published a new report titled “Automotive Powertrain Market research report which is segmented by Heavy Commercial Vehicle (HCV), by Vehicle Type (Light Commercial Vehicle (Light Commercial Vehicle LCV), By Players/Companies GKN PLC, Aisin Seiki Co Ltd, agreements to expand their industry presence, Toyota Motor Corporation, General Motors Company, Jtekt Corporation, Ford Motor Company, Borgwarner Inc and ZF Friedrichshafen AG The industry players are adopting new product launches, Volkswagen AG, Hyundai Motor Corporation, mergers and acquisitions”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Automotive Powertrain Market Report Segments:

The market is segmented by Heavy Commercial Vehicle (HCV), by Vehicle Type (Light Commercial Vehicle (Light Commercial Vehicle LCV).

Automotive Powertrain Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Automotive Powertrain Market

Overview of the regional outlook of the Automotive Powertrain Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Automotive Powertrain Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Automotive Powertrain Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. HCV

                1. Light Commercial Vehicle LCV

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Automotive Powertrain Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

How you may use our products:

• Correctly Positioning New Products
• Market Entry Strategies
• Business Expansion Strategies
• Consumer Insights
• Understanding Competition Scenario
• Product & Brand Management
• Channel & Customer Management
• Identifying Appropriate Advertising Appeals

Reasons to Purchase the Automotive Powertrain Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.