Global Automotive Powertrain Market – Introduction
Automotive powertrain is the unit that comprises diverse systems, ranging from the source of power generation and the overall transmission assembly to the tire of the vehicle. For a conventional vehicle, the powertrain comprises multiple components such as engine, transmission unit, differential, and shaft.
The global automotive powertrain market is anticipated to expand at a moderate pace during the forecast period; however, a significant shift in trend towards adoption of electric vehicles is likely to be witnessed during the forecast period.
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Market for automotive powertrain is driven by the production of vehicles and demand for aftermarket components of the power train unit.
Developments in technology, such as the introduction of electric and hybrid vehicles that comprise electric motor and battery in the powertrain, are likely to boost the market during the forecast period which is attributable to high cost of the powertrain battery.
High demand for four-wheel drive vehicles contributes to the expansion of automotive powertrain market, as four-wheel drive vehicles comprise higher number of components in their powertrain units such as power differentials and transfer case.
Rising stringency of emission norms across majority of developing and developed countries is boosting the emphasis on engine downsizing, which requires additional power boosters such as turbocharger and supercharger and other additional components. This, in turn, is expected to propel the automotive powertrain market.
Increasing preference for fast and powerful vehicles is anticipated to be key factor that is projected to boost the automotive powertrain market, as these vehicles comprise high capacity engine as well as other high strength powertrain components.
Global Automotive Powertrain Market – Competitive Landscape Automotive powertrains comprise a large number of components and hence, the market comprises a large number of key players who hold a notable share of the automotive powertrain market. Some of the leading players in the market are:
Aisin Seiki Co., Ltd.
BorgWarner Inc.
GKN PLC
ZF Friedrichshafen AG
Robert Bosch GmbH
Showa Corporation
Cummins Inc.