Automotive Drivetrain Market Size, Scope, Future Analysis, Demand & Opportunity Outlook 2023-2033

Global Automotive Drivetrain Market Regional Synopsis

Regionally, the global automotive drivetrain market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these markets, the market in Asia Pacific is projected to hold the largest market share by the end of 2033, backed by the presence of a strong automobile network in the region, the rising demand amongst automobile users for E-axle electric vehicle transmission along with the growing sale of electric vehicles. For instance, China marked the highest sale of electric vehicles in 2021 with around 3.3 million units.

Automotive-Drivetrain-Market-Analysis

The global automotive drivetrain market is further classified on the basis of region as follows:

North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

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Global Automotive Drivetrain Market: Growth Drivers and Challenges

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Growth Drivers

Domination of Internal Combustion Engine Powertrain – which makes it mandatory to ensure that the optimized drivetrain configuration is robust to different driving conditions as the drivetrain and shifting control strategy has an important role in the carbon monoxide CO, nitrogen oxide NOx, and hydrocarbons HC generated by the internal combustion engine (ICE). For Instance, out of 278 million vehicles registered in the United States in 2018, nearly 94% had a gasoline powertrain while ~3.5% had a diesel powertrain.
Rising Demand for Lightweight Components – as using high-efficiency engines and lightweight components enabled by advanced materials in at least ~25% of fleets in United States could save over 5 billion gallons of fuel annually by 2030.
Upsurge in the Demand for Luxury Cars – For instance, the share of new vehicles sold by luxury brands in United States was ~17% in June 2022.

Increasing Emissions Caused by the Transport Sector – where road transport accounts for ~25% of transport emissions, and ~15% of total CO2 emissions.
Growing Demand for Vehicles with Automatic Transmission - according to the statistics, ~ 96% of Americans drive automatics in 2022.

Challenges

Volatility in Material Cost
Requires Huge Investment
High Cost of Various Components Required for a Drivetrain

The global automotive drivetrain market is segmented and analyzed for demand and supply by vehicle type segment into passenger cars, buses, and trucks. Amongst these segments, the truck segment is anticipated to garner the largest revenue by the end of 2033, backed by the growing trucking industry along with the surge in the number of trucks worldwide. For instance, in the United States there were ~15 million trucks in operation in 2021.

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Top Featured Companies Dominating the Global Automotive Drivetrain Market

American Axle & Manufacturing, Inc.
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis

ZF Friedrichshafen AG
BorgWarner Inc.
Aisin Corporation
Magna International Inc.
Schaeffler Group
Volkswagen AG
Dana Limited
General Motors
Melrose Industries PLC

In The News

April 2022: IBSRELA the first and only NHE3 inhibitor for the treatment of irritable bowel syndrome with constipation (IBS-C) in adults, has been made available by the biopharmaceutical company Ardelyx. The first Ardelyx product to receive approval from the US Food and Drug Administration is IBSRELA.
March 2022: Indegene a provider of technology-driven healthcare solutions, & meta Me Health, a maker of Regulora and a Prescription Digital Therapeutics (PDT) business, teamed up to offer Regulora as a remedy for irritable bowel syndrome-related stomach pain (IBS).

Global Economic Impact

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Despite Inflation & Fearing Recession, Businesses Across the Globe Expected to Do Better in 2023:

In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.

Key Questions Answered in the Report

1) What are the major factors driving the growth of the automotive drivetrain market?

Ans: Growing sales of automobiles as well as rising emissions from road transport along with a surge in the demand for luxury cars are some of the major factors anticipated to drive the growth of the market.

2) What would be the CAGR of automotive drivetrain market over the forecast period?

Ans: The market is anticipated to attain a CAGR of ~24% over the forecast period, i.e., 2023 – 2033.

3) What are the challenges affecting the automotive drivetrain market growth?

Ans: Volatility in material cost along with huge investment requirements are some of the factors estimated to hamper the market growth.

4) Which region will provide more business opportunities for growth of automotive drivetrain market in future?

Ans: The market in Asia Pacific is projected to hold the largest market share by the end of 2033 and provide more business opportunities in the future.

5) Who are the major players dominating the automotive drivetrain market?

Ans: The major players in the market are American Axle & Manufacturing, Inc., BorgWarner Inc., Aisin Corporation, Magna International Inc., ZF Friedrichshafen AG, and others.

6) How are the company profiles selected?

Ans: The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.

7) What are the segments in the automotive drivetrain market?

Ans: The market is segmented by vehicle type, technology type, and by region.

8) Which segment captures the largest market size in vehicle type segment in the automotive drivetrain market?

Ans: The truck segment is anticipated to garner the largest market size by the end of 2033 and display significant growth opportunities.

By Vehicle Type	Passenger Cars Buses Trucks
By Technology Type	Central Motor Wheel Hub Module E-axle

Automotive Drivetrain Market