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 2023-2033

  • Report ID: 4521
  • Published Date: Feb 10, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2023-2033

Automotive Drivetrain Market size is poised to reach USD 280 Billion by the end of 2033, growing at a CAGR of 24% during the forecast period, i.e., 2023-2033. In the year 2022, the industry size of automotive drivetrain was USD 22 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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Automotive Drivetrain Sector: Growth Drivers and Challenges

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

Base Year

2022

Forecast Year

2023-2033

CAGR

24%

Base Year Market Size (2022)

USD 22 Billion

Forecast Year Market Size (2033)

USD 280 Billion

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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

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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 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.

Research Nester
Automotive-Drivetrain-Market-Size
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Companies Dominating the Automotive Drivetrain Landscape

top-features-companies
    • 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

In The News

  • 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.

Author Credits:  Harshita Srivastava, Saima Khursheed


  • Report ID: 4521
  • Published Date: Feb 10, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

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.

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

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

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.

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

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.

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

The truck segment is anticipated to garner the largest market size by the end of 2033 and display significant growth opportunities.
Automotive Drivetrain Market Report Scope
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