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Automotive Drivetrain Market Size & Share, by Vehicle Type (Passenger Cars, Buses, Trucks), Technology Type (Central Motor, Wheel Hub Module, E-axle) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2025-2037

  • Report ID: 4521
  • Published Date: Dec 20, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2025-2037

Automotive Drivetrain Market size was over USD 33.72 billion in 2024 and is projected to reach USD 535.42 billion by 2037, witnessing around 23.7% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of automotive drivetrain is assessed at USD 47.72 billion.

The growth of the market can primarily be attributed to the growing number of automobiles as well as the rising production of passenger cars worldwide. For instance, it was found that in 2021, over 55 million passenger cars were produced across the globe.

The automotive drivetrain is not a solitary part of any vehicle, it's a group of drivetrain parts that interact with the engine to move the wheels and numerous parts of the vehicle to push it into motion. These components consist of axles, transmission, differential, CV joints, driveshaft, and wheels. The power generated by the engine moves through the drivetrain to the wheels where they bolt to the wheel hub and rotate around the axles. For the wheels to turn and propel the car forward, the vehicle needs to have friction provided by the tires in direct and constant contact with the ground. With the recent advancements in tires as well as drivetrains, the demand for automotive drivetrains is on the rise amongst automotive manufacturers, which in turn, is expected to create massive revenue generation opportunities for the key players operating in the global automotive drivetrain market during the forecast period. For instance, a reduction of about 8% can be achieved in fuel consumption with green tires featuring the silica/silane system.

Automotive-Drivetrain-Market
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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

Automotive Drivetrain Market: Key Insights

Report Attribute Details

Base Year

2024

Forecast Year

2025-2037

CAGR

23.7%

Base Year Market Size (2024)

USD 33.72 billion

Forecast Year Market Size (2037)

USD 535.42 billion

Regional Scope

  • North America (U.S., and Canada)
  • Asia Pacific (Japan, China, India, Indonesia, Malaysia, Australia, South Korea, Rest of Asia Pacific)
  • Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Latin America (Mexico, Argentina, Brazil, Rest of Latin America)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Automotive Drivetrain Segmentation

Our in-depth analysis of the global market includes the following segments:

      By Vehicle Type
  • Passenger Cars
  • Buses
  • Trucks

      By Technology Type
  • Central Motor
  • Wheel Hub Module
  • E-axle
Vishnu Nair
Vishnu Nair
Head - Global Business Development

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Automotive Drivetrain Industry - 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 Asia Pacific industry is estimated to account for largest revenue share of 39% by 2037, 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-Size
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Companies Dominating the Automotive Drivetrain Landscape

    • 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

Recent Developments

  • American Axle & Manufacturing, Inc. – revealed that its electric driveline technology powers AMG's first plug-in hybrid electric (PHEV) model, the Mercedes-AMG GT 63 S E PERFORMANCE.

  • ZF Friedrichshafen AG - presented a new modular drive system for special vehicles that guarantees manufacturers maximum flexibility and reliability for extreme use cases.

  • Report ID: 4521
  • Published Date: Dec 20, 2024
  • Report Format: PDF, PPT
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Frequently Asked Questions (FAQ)

In the year 2025, the industry size of automotive drivetrain is assessed at USD 47.72 billion.

The automotive drivetrain market size was over USD 33.72 billion in 2024 and is projected to reach USD 535.42 billion by 2037, witnessing around 23.7% CAGR during the forecast period i.e., between 2025-2037. Growing sales of automobiles as well as rising emissions from road transport along with a surge in the demand for luxury cars will propel the market growth.

Asia Pacific industry is estimated to account for largest revenue share of 39% by 2037, backed by rising demand amongst automobile users for E-axle electric vehicle transmission along with the growing sale of electric vehicles in the region.

The major players in the market are American Axle & Manufacturing, Inc., ZF Friedrichshafen AG, BorgWarner Inc., Aisin Corporation, Magna International Inc., Schaeffler Group, Volkswagen AG, Dana Limited, General Motors, Melrose Industries PLC

Automotive Drivetrain Market Report Scope

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