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

 Global Automotive Drivetrain Market Highlights Over 2023 - 2033

The global automotive drivetrain market is estimated to garner a revenue of ~USD 280 billion by the end of 2033 by growing at a CAGR of ~24% over the forecast period, i.e., 2023 – 2033. Further, the market generated a revenue of ~USD 22 billion in the year 2022. 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.

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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.

Global Automotive Drivetrain Market: 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

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.

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.

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

Market Segmentation

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

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