The market for automotive powertrains is projected to be worth USD 435.3 million in 2022 and USD 719.3 million in 2032, growing at a 5.2% CAGR over that period. About 21% of the total market value of the global auto and vehicle industry is accounted for by the automotive powertrain market. Between 2022 and 2032, a CAGR of 3.4% is anticipated for growth. Global Automotive Powertrain Market Outlook 2017–2021 and 2022–2032 Growth Prediction
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Global Automotive Powertrain Market Segments
- By Position Type
- Front Wheel Drive
- Rear Wheel Drive
- All Wheel Drive
- By Powertrain Type
- Gasoline Powertrain Type
- Diesel Powertrain Type
- Hybrid Powertrain Type
- Battery Electric Vehicle Powertrain Type
- Fuel Cell Powertrain Type
- By Vehicle Type
- Compact Vehicles
- Mid-Sized Vehicles
- Premium Vehicles
- Luxury Vehicles
- Light Commercial Vehicles
- Heavy Commercial Vehicles
- By Region
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- MEA
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Competitive Landscape: Top Companies in Automotive Powertrain Market
Despite the rising popularity of modern engine designs, the majority of manufacturers continue to rely on old technology. Furthermore, when it comes to incorporating new concepts, the existing production infrastructure is a significant hindrance.
Furthermore, they rarely provide any cost savings for new powertrain combinations. Because conventional buildings allow limited opportunity for new concepts to advance, manufacturers must invest in building new facilities, which may not be a viable choice for many. Technological diversity and seemingly infinite combinations of technological solutions with individual requirements continue to raise the level of complexity for market participants.
For instance:
- Ford Motors launched an all-electric Ford F-100 truck with an eliminator concept in 2021 and demonstrated the numerous benefits of electric propulsion by bringing Mustang Mach-E GT Performance Edition twin rear and front electric traction motors and a battery electric powertrain that produce 480 horsepower and 634 lb.-ft. of torque.
- General Motors has committed roughly USD 2 million on a transition spring hill, Tennessee factory to produce electric vehicles by 2020.
Key Companies Profiled
- General Motors
- Ford Motors
- Volkswagen Group
- Hyundai
- Toyota
- BorgWarner Inc.
- JTEKT Corp.
- GKN plc.
- Magna Powertrain Ltd.
- Delphi Automobile LLP
- Other Key Players
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Report Benefits & Key Questions Answered
- Rear Wheel Drive Automotive Powertrain Company & brand share analysis: The report offers in-depth Rear Wheel Drive Automotive Powertrain brand share analysis to estimate percentage of the market covered by Tier 1, Tier 2, and Tier 3 companies
- Rear Wheel Drive Automotive Powertrain Historical volume analysis: The report offers a comparative analysis between historic sales of Rear Wheel Drive Automotive Powertrain and projected sales performance for 2021-2031
- Rear Wheel Drive Automotive Powertrain Category & segment level analysis: Fact MR presents a comprehensive analysis of factors enabling sales growth across key segments. It underscores chief growth drivers and offers valuable information to identify sales prospects a local and regional levels
- Rear Wheel Drive Automotive Powertrain Consumption by demographics: To offer informed recommendation, the report studies behavior and consumption pattern of consumers. The demographics analysis is intended at helping business better understand consumer preference and design their product and market strategies around it
- Post COVID consumer spending on Rear Wheel Drive Automotive Powertrain: The Fact MR market survey carefully studies consumer spending behavior post COVID-19. It gauges how prevailing trends have influenced their behavior, subsequently impacting their spending power
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