Global Automotive Powertrain
Market Report
2024
The global Automotive Powertrain Market will be USD 800 billion in 2024. It will show the strongest growth, with a compound annual growth rate (CAGR) of 16.0% from 2024 to 2031. This growth can be attributed to the increasing dependence on automated technology.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global Automotive Powertrain Market size will be USD 800 billion in 2024 and will expand at a compound annual growth rate (CAGR) of 16.0% from 2024 to 2031.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Automotive Powertrain Market Sales Revenue 2024 | $ 800 Billion |
Global Automotive Powertrain Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 16% |
Market Drivers: Urbanization and population growth are increasing the demand for automobiles as more people move to cities, requiring more transportation and mobility solutions. | |
Market Restrains: Technological complexities and integration challenges in hybrid and electric powertrains impose restraints on their widespread adoption. Hybrid and electric powertrains face hurdles due to intricate technology and integration issues, hindering their broad acceptance in the market. |
Market Split by Propulsion Type |
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Market Split by Vehicle type |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Report scope is customizable as we have a huge database of Automotive Powertrain industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Automotive Powertrain Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The Automotive powertrain includes all the components that generate and transmit power to the wheels, allowing the car to move. This generally includes the engine, transmission, driveshaft, differential, and axles. An engine, whether steam or electric, is the primary source of power, converting fuel or electricity into mechanical energy. The transmission then transmits this energy to the wheels, adjusting torque and speed through different gear modes or drive modes. The drive shaft transfers power from the transmission to the differential, distributing it evenly to the wheels and allowing for differential speed during turns.
Technological advancements in engine design and transmission systems - Engine design innovations such as reduction, turbocharging, and direct fuel injection improve fuel efficiency and performance while reducing emissions. Additionally, advances in automotive systems, including continuously variable transmissions (CVTs), dual-clutch transmissions (DCTs), and automatic manual transmissions (AMTs), provide faster gear changes and improved driving. This technology requires automakers to be more stringent in emissions standards; they also help meet fuel efficiency regulations and provide consumers with vehicles that offer performance and driving experience as they go forward.
Urbanization and population growth are increasing the demand for automobiles as more people move to cities, requiring more transportation and mobility solutions.
Technological complexities and integration challenges in hybrid and electric powertrains impose restraints on their widespread adoption.
Hybrid and electric powertrains face hurdles due to intricate technology and integration issues, hindering their broad acceptance in the market.
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In July 2023, Geely and Renault Group entered into a joint venture agreement wherein each entity would hold a 50% stake in the newly formed company. The primary objective of this collaboration is to establish dominance in the market for next-generation highly efficient and hybrid powertrain solutions in response to the global demand anticipated in the forthcoming years. Renault Group and Geely aim to combine their expertise, resources, and technological advancements to address the evolving needs of the automotive industry. (Source: https://media.renaultgroup.com/renault-group-and-geely-sign-joint-venture-agreement-to-launch-leading-powertrain-technology-company/)
Top Companies Market Share in Automotive Powertrain Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. North America emerged as the dominant region in the Automotive Powertrain Market due to a Strong automotive industry, coupled with technological advances and stringent emissions regulations, driving innovation and competition in powertrains. United States and Canada, as key players, attest that they will invest heavily in R&D, especially in the field of electric passenger trains, to address environmental concerns. Where demand for electric vehicles (EVs) and plug-in hybrids is growing, the presence of leading automakers and robust manufacturing and distribution infrastructure is fueling the growth of the market. However, challenges such as fuel price fluctuations, supply chain disruptions, and changing regulatory frameworks create uncertainty.
Asia-Pacific stands out as the fastest-growing region in the Automotive Powertrain Market due to the rapid urbanization and increasing disposable income. Countries such as China, Japan, and India are the major contributors to the market growth in this segment. China, being the largest automotive market in the world, exhibits a huge demand for powertrain components. Japan boasts advanced technology and innovation in power systems, with a focus on fuel efficiency and carbon reduction. India, with its growing automotive sector, is witnessing a shift towards cleaner and more efficient powertrain solutions due to stringent emission norms
The current report Scope analyzes Automotive Powertrain Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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Global Automotive Powertrain Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Automotive Powertrain Industry growth. Automotive Powertrain market has been segmented with the help of its Propulsion Type, Vehicle type , and others. Automotive Powertrain market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to Cognitive Market Research, despite advances in electric and hybrid technologies, ICE maintains its dominance in segments such as heavy-duty trucks, off-road vehicles, and sports cars, where their strengths and range lie of utmost importance despite stringent emissions regulations and growing environmental concerns Hybridization and downsizing in response is a notable shift to turbocharged engines In addition, Advances in ICE technology, such as direct injection and variable valve timing, increase performance and fuel efficiency, further solidifying its position in the market despite challenges from vehicles that have strong results; the ICE segment remains flexible and implements innovation to meet changing requirements.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Automotive Powertrain Industry. Request a Free Sample PDF!
This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities for each application of Automotive Powertrain from 2019 to 2031. This will also help to analyze the demand for Automotive Powertrain across different end-use industries. Our research team will also help acquire additional data such as Value Chain, Patent analysis, Company Evaluation Quadrant (Matrix), and much more confidential analysis and data insights.
Some of the key Vehicle type of Automotive Powertrain are:
The above Graph is for representation purposes only. This chart does not depict actual Market share.
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Senior Analyst at Cognitive Market Research
I am working as a Senior Analyst with Cognitive Market Research in the areas of Industry Survey and Market Research/Analytics. I collaborate with CXOs, VPs, and other senior executives to understand their data needs and provide solutions and business strategy building.
I am working as a Senior Analyst with Cognitive Market Research in the areas of Industry Survey and Market Research/Analytics. I collaborate with CXOs, VPs, and other senior executives to understand their data needs and provide solutions and business strategy building. I fulfill data requirements with thorough research and analytics. ME and My research team provide intelligence on industry stats, market structure, company profiles/Competition Analysis, Forecast Mapping, and Recently started providing the COVID-19 Impact Analysis.
Specialties: Industry research, Company analysis, Location Strategy, Tech Research, Change Management, Process Improvement, Peer Group Benchmarking, Startup Ecosystem, Crypto Research, COVID19 Impact Analysis, etc.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Automotive Powertrain Market is witnessing significant growth in the near future.
In 2023, the ICE segment accounted for noticeable share of global Automotive Powertrain Market and is projected to experience significant growth in the near future.
The Passenger Vehicle segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Aisin Seiki Co. , Borgwarner Inc. and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
The automotive powertrain market, which encompasses all components that create and transfer power to a vehicle's wheels, is a key player in improving vehicle performance, fuel efficiency, and emissions control.
https://www.epa.gov/regulatory-information-sector/construction-sector-naics-23
https://www.usace.army.mil/Missions/Civil-Works/Engineering-and-Construction/
https://www.abs.gov.au/statistics/industry/building-and-construction
https://business.gov.au/planning/industry-information/construction-industry
https://www.usitc.gov/research_and_analysis/tradeshifts/2021/footwear
Disclaimer:
Propulsion Type | ICE, Gasoline, Diesel, Natural Gas Vehicle, Electric Vehicle, BEV, PHEV |
Vehicle type | Passenger Vehicle, Commercial Vehicle |
List of Competitors | Aisin Seiki Co., Ltd., Borgwarner Inc., Ford Motor Company, General Motors Company, GKN PLC, Hyundai Motor Company, Jtekt Corporation, Toyota Motor Corporation, Volkswagen AG, 1 ZF Friedrichshafen AG |
This chapter will help you gain GLOBAL Market Analysis of Automotive Powertrain. Further deep in this chapter, you will be able to review Global Automotive Powertrain Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Propulsion Type Analysis 2019 -2031, will provide market size split by Propulsion Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Propulsion Type Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Vehicle type Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Automotive Powertrain market
Chapter 12 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why ICE have a significant impact on Automotive Powertrain market? |
What are the key factors affecting the ICE and Gasoline of Automotive Powertrain Market? |
What is the CAGR/Growth Rate of Passenger Vehicle during the forecast period? |
By type, which segment accounted for largest share of the global Automotive Powertrain Market? |
Which region is expected to dominate the global Automotive Powertrain Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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