Global Automotive Drivetrain Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Vehicle Type;

Passenger Car, LCV, and HCV (Trucks, Buses).

By Electric Vehicle Type;

BEV, HEV, and PHEV.

By Drive Type;

AWD, FWD, and RWD.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa, and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn395275129 Published Date: May, 2024 Updated Date: June, 2024

Introduction

Global Automotive Drivetrain Market (USD Million), 2020 - 2030

In the year 2023, the Global Automotive Drivetrain Market was valued at USD 214,028.61 million. The size of this market is expected to increase to USD 357,402.62 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 7.6%.

The Global Automotive Drivetrain Market is a dynamic and crucial segment within the automotive industry, playing a pivotal role in the performance and functionality of vehicles. Drivetrain systems are responsible for transmitting power from the engine to the wheels, encompassing components such as the transmission, driveshaft, differential, and axles. As automotive technology continues to advance, the drivetrain sector is undergoing significant transformations driven by factors such as evolving consumer preferences, stringent emission regulations, and the rapid integration of electric and hybrid drivetrains.

One of the prominent trends shaping the global automotive drivetrain market is the increasing demand for fuel-efficient and environment friendly vehicles. This has led to a surge in the adoption of electric and hybrid drivetrain technologies, as automakers strive to meet stringent emission standards and reduce their carbon footprint. Advancements in battery technology and electric propulsion systems are driving the development of more efficient and powerful electric drivetrains, further bolstering the market growth.

Another key driver fueling the expansion of the automotive drivetrain market is the growing consumer preference for vehicles equipped with advanced safety and driver-assistance features. Modern drivetrain systems are increasingly integrated with technologies such as adaptive cruise control, lane-keeping assistance, and automatic emergency braking, enhancing both the safety and driving experience. As a result, automakers are investing heavily in research and development to innovate and incorporate these advanced features into their drivetrain systems, thus stimulating market growth.

The proliferation of autonomous vehicles and the advent of connected car technology are expected to have a profound impact on the automotive drivetrain market in the coming years. Autonomous driving requires highly sophisticated drivetrain systems capable of seamlessly integrating with sensor arrays, onboard computers, and communication networks to enable precise control and navigation. Automakers and technology companies are collaborating to develop next-generation drivetrain solutions that can meet the unique requirements of autonomous and connected vehicles, opening up new avenues for growth and innovation in the global automotive drivetrain market.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Vehicle Type
    2. Market Snapshot, By Electric Vehicle Type
    3. Market Snapshot, By Drive Type
    4. Market Snapshot, By Region
  4. Global Automotive Drivetrain Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Growing Demand for Fuel-efficient Vehicles
        2. Stringent Emission Regulations
        3. Electrification Trend

        4. Rising Disposable Income in Developing Countries
        5. Urbanization and Infrastructure Development
      2. Restraints
        1. Lack of Charging Infrastructure
        2. Complexity of Integration
        3. Range Limitations of Electric Vehicles
        4. Regulatory Uncertainities
      3. Opportunities
        1. Increasing Investment in R&D
        2. Emergence of Autonomous Vehicles
        3. Shift towards Mobility-as-a-Service (MaaS)
        4. Government Incentives and Subsidies
        5. Partnerships and Collaborations
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Automotive Drivetrain Market, By Vehicle Type, 2020 - 2030 (USD Million)
      1. Passenger Car
      2. LCV
      3. HCV
        1. Trucks
        2. Buses
    2. Global Automotive Drivetrain Market, By Electric Vehicle Type, 2020 - 2030 (USD Million)
      1. BEV
      2. HEV
      3. PHEV
    3. Global Automotive Drivetrain Market, By Drive Type, 2020 - 2030 (USD Million)
      1. AWD
      2. FWD
      3. RWD
    4. Global Automotive Drivetrain Market, By Geography, 2020 - 2030 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Aisin Seiki Co., Ltd
      2. American Axle & Manufacturing, Inc
      3. Borgwarner Inc
      4. GKN PLC
      5. ZF Friedrichshafen AG
      6. Magna International Inc
      7. Dana Holding Corporation
      8. JTEKT Corporation
      9. Showa Corporation
      10. Schaeffler Group
  7. Analyst Views
  8. Future Outlook of the Market