Powertrain Market Report 2025 (Global Edition)

Global Powertrain Market Report 2025 Market Size Split by Components Outlook: (Engine, Transmission, Drive Shafts, Differentials, Final Drive), by Technology Type Outlook: (Hybrid, Automated), by Engi...

Powertrain Market Report Description

We have various report editions of Powertrain Market, hence please contact our sales team and author directly to obtain/purchase a desired Edition eg, Global Edition, Regional Edition, Country Specific Report Edition, Company Profiles, Forecast Edition, etc. Request for your Free Sample PDF/Online Access.

Powertrain Market Insights Video

Competitive Landscape of the Powertrain Market

In the Powertrain market's competitive landscape, numerous key competitors are driving innovation and growth. These companies focus on R&D to enhance fuel efficiency, reduce emissions, and improve performance. Additionally, collaborations with automakers and the growing demand for electric vehicles (EVs) are intensifying competition. Emerging players in EV powertrains are also shaping market dynamics, driving innovation and competition.

In January 2023, Tata Motors Electric completed the purchase of Ford India's Sanand factory. Tata Motors Electric has taken a big stride in strengthening its position in the electric vehicle (EV) market and increasing its manufacturing capacity with this breakthrough. Tata Motors Electric will have access to a cutting-edge infrastructure for the production of electric vehicles thanks to the purchase of the Sanand plant. The Gujarat, India, factory is strategically located and provides the infrastructure needed for effective manufacturing operations. (Source: https://www.tatamotors.com/press-releases/tata-passenger-electric-mobility-limited-completes-acquisition-of-ford-indias-sanand-plant/) In December 2023, Chinese automakers Geely and Nio formed a strategic partnership agreement centred on battery-swapping technology. The understanding entails extensive collaboration on battery regulations, battery-swapping technology, the growth and operations of battery-swapping organizations, the development of swappable models, and battery asset management. (Source: https://www.nio.com/news/Geely-Holding-and-NIO-Sign-Strategic-Partnership-Agreement-on-Battery-Swapping-Technology?&noredirect=) In February 2024, Arval, a well-known provider of car leasing services and mobility plans, announced a strategic alliance with BYD (Build Your Dreams), a world leader in the manufacture of electric vehicles. This organization emphasizes Arval's commitment to improving its electric vehicle (EV) rental contributions for corporate armadas and individual clients, as established through a Reminder of Figuring Out (MoU). (Source: https://www.arval.com/arval-announces-major-european-partnership-with-car-manufacturer-byd-build-your-dreams)

Top Companies Market Share in Powertrain Industry: (In no particular order of Rank)

• * BorgWarner Inc.
• * Continental AG
• * Magna International Inc.
• * Marelli Holdings Co.
• Ltd.
• * Mitsubishi Electric Corporation
• * NIDEC CORPORATION
• * Robert Bosch GmbH
• * Schaeffler AG
• * ZF Friedrichshafen AG
• * VALEO
• Confidential Data
• Access The Paid Version
• Data Hidden

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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.

Regional Analysis of the Powertrain Market

Which Region Dominates the Powertrain Market in 2024?

According to Cognitive Market Research, North America currently dominates the Powertrains market, and the region is expected to have significant growth during the projected period. This is due to the presence of major automotive manufacturers, significant technological advancements in electric and hybrid powertrains, and strong demand for high-performance vehicles. Additionally, government regulations supporting clean energy and sustainability drive investments in advanced powertrain technologies.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR). This growth is driven by the increasing demand for electric vehicles (EVs), advancements in automotive technology, and significant investments by leading automotive manufacturers in countries like China, India, and Japan.

The current report Scope analyzes 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

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Switzerland, Luxembourg, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, India, Australia, Singapore, Taiwan, South East Asia, Rest of APAC)
• Latin America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East (Saudi Arabia, Turkey, UAE, Egypt, Qatar, Rest of Middle East)
• Africa (Nigeria, South Africa, Rest of Africa)

The above graph is for illustrative purposes only.

North America Powertrain Market Analysis

According to Cognitive Market Research, the global Powertrain market size was estimated at USD 192451.5 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 76980.60 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Powertrain market with a market size of USD 60737.69 million in 2024 and is projected to grow at a CAGR of 5.0% during the forecast period. The US market's Stringent governmental regulations against plastic pollution.
• The Canada Powertrain market had a market share of USD 9237.67 million in 2024 and is projected to grow at a CAGR of 6.0% during the forecast period. Canada’s rising awareness among the population.
• The Mexico Powertrain market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 7005.23 million in 2024.

Europe Powertrain Market Analysis

According to Cognitive Market Research, the global Powertrain market size was estimated at USD 192451.5 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 57735.45 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.5% from 2024 to 2031.

• The United Kingdom Powertrain market had a market share of USD 9699.56 million in 2024 and is projected to grow at a CAGR of 6.3% during the forecast period. In the UK, Powertrain sales witness an upswing due to the increasing focus on environmental sustainability.
• The France Powertrain market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 5311.66 million in 2024.
• According to Cognitive Market Research, the German Powertrain market size was valued at USD 11431.62 million in 2024 and is projected to grow at a CAGR of 5.7% during the forecast period. In Germany, Powertrain surged due to the Increased focus of the manufacturers and major market players.
• The Italy Powertrain market is projected to witness growth at a CAGR of 4.9% during the forecast period, with a market size of USD 4965.25 million in 2024.
• The Russian powertrain market is projected to witness growth at a CAGR of 4.5% during the forecast period, with a market size of USD 8948.99 million in 2024.
• The Spain Powertrain market is projected to witness growth at a CAGR of 4.6% during the forecast period with a market size of USD 4734.31 million in 2024
• The Luxembourg Powertrain market is projected to witness growth at a CAGR of 5.6% during the forecast period, with a market size of USD 1789.80 million in 2024.
• The Portugal Powertrain market is projected to witness growth at a CAGR of 5.3% during the forecast period, with a market size of USD 1212.44 million in 2024.
• The Greece Powertrain market is projected to witness growth at a CAGR of 5.8% during the forecast period, with a market size of USD 692.83 million in 2024.
• The Rest of Europe's Powertrain market is projected to witness growth at a CAGR of 4.2% during the forecast period, with a market size of USD 8948.99 million in 2024.

Asia Pacific Powertrain Market Analysis

According to Cognitive Market Research, the global Powertrain market size was estimated at USD 192451.5 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 44263.85 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.0% from 2024 to 2031.

• According to Cognitive Market Research, the China Powertrain market size was valued at USD 19918.73 million in 2024 and is projected to grow at a CAGR of 8.5% during the forecast period. Powertrain surged in China due to the Increased focus of the manufacturers and major market players.
• The Japan Powertrain market is projected to witness growth at a CAGR of 7.5% during the forecast period, with a market size of USD 6108.41 million in 2024.
• The India Powertrain market had a market share of USD 5311.66 million in 2024 and is projected to grow at a CAGR of 10.8% during the forecast period. India's rising awareness among the populations .
• The South Korean Powertrain market is projected to witness growth at a CAGR of 8.1% during the forecast period, with a market size of USD 4426.38 million in 2024.
• The Australian Powertrain market is projected to witness growth at a CAGR of 8.7% during the forecast period, with a market size of USD 2301.72 million in 2024.
• The South East Asia Powertrain market is projected to witness growth at a CAGR of 10.0% during the forecast period, with a market size of USD 3054.21 million in 2024.
• The Rest of Asia Pacific Powertrain market is projected to witness growth at a CAGR of 8.8% during the forecast period, with a market size of USD 3142.73 million in 2024.

South America Powertrain Market Analysis

According to Cognitive Market Research, the global Powertrain market size was estimated at USD 192451.5 Million, out of which Latin America held the market share of around 5% of the global revenue with a market size of USD 9622.58 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.4% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Powertrain market size was valued at USD 4118.46 million in 2024 and is projected to grow at a CAGR of 7.0% during the forecast period. Powertrains flourished in Brazil due to increasing demand for packaged food and beverages.
• Argentina's Powertrain market had a market share of USD 1616.59 million in 2024 and is projected to grow at a CAGR of 7.3% during the forecast period. Argentina's rising personal disposable income .
• Colombia Powertrain market is projected to witness growth at a CAGR of 6.2% during the forecast period, with a market size of USD 856.41 million in 2024.
• Peru Powertrain market is projected to witness growth at a CAGR of 6.6% during the forecast period, with a market size of USD 789.05 million in 2024.
• Chile Powertrain market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD 692.83 million in 2024.
• The Rest of Latin America's Powertrain market is projected to witness growth at a CAGR of 5.5% during the forecast period, with a market size of USD 1549.23 million in 2024.

Middle East Powertrain Market Analysis

According to Cognitive Market Research, the global Powertrain market size was estimated at USD 192451.5 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 3849.03 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.7% from 2024 to 2031..

• The GCC Countries Powertrain market is projected to witness growth at a CAGR of 7.5% during the forecast period, with a market size of USD 1647.38 million in 2024. Powertrain sales flourish due to the presence of major market players.
• The Egypt Powertrain market is projected to witness growth at a CAGR of 7.0% during the forecast period, with a market size of USD 404.15 million in 2024.
• The South Africa Powertrain market is projected to witness growth at a CAGR of 7.7% during the forecast period, with a market size of USD 608.15 million in 2024. Powertrain sales flourished in South Africa due to increasing demand and regulatory support.
• The Turkey Powertrain market is projected to witness growth at a CAGR of 6.2% during the forecast period, with a market size of USD 331.02 million in 2024.
• The Nigeria Powertrain market is projected to witness growth at a CAGR of 5.8% during the forecast period, with a market size of USD 404.15 million in 2024.
• The Rest of the MEA Powertrain market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 454.19 million in 2024.

Powertrain Market Analysis

Powertrain Market Components Segment Analysis

According to Cognitive Market Research, The internal combustion engine (ICE) continues to hold the largest share of the growing powertrain market due to its established infrastructure, widespread use in traditional vehicles, and consistent advancements in efficiency and emissions reduction technologies. Despite the rise of electric vehicles (EVs), ICEs remain dominant due to their cost-effectiveness, fuel availability, and the global preference for gasoline and diesel-powered vehicles. However, the increasing push for sustainable transportation is driving innovation in hybrid and electric powertrains, shaping the future of the market.

In the Powertrain market, the rapidly growing sector is on transmissions are experiencing rapid growth in the powertrain market due to their superior efficiency, performance, and ability to adapt to evolving automotive trends. With the shift towards electric vehicles (EVs) and hybrid powertrains, on transmissions offer enhanced energy efficiency, reducing energy loss and improving fuel economy. Their ability to support advanced features like regenerative braking, improved torque delivery, and seamless gear shifting contributes to their increasing demand, making them a key player in the fastest-growing powertrain market segment.

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 Powertrain Industry. Request a Free Sample PDF!

Powertrain Market Technology Type Segment Analysis

According to Cognitive Market Research, Hybrid powertrains hold the largest growing share in the automotive powertrain market due to their balance of fuel efficiency and performance. With increasing demand for eco-friendly vehicles and stricter emissions regulations, hybrids provide an optimal solution by combining internal combustion engines with electric motors. This configuration offers reduced fuel consumption, lower emissions, and improved driving range, making them an attractive option for consumers and automakers. Advancements in battery technology further enhance hybrid vehicle efficiency, fueling market growth.

In the Powertrain market, the rapidly growing sector is Automated systems are driving the fastest growth in the powertrain market by improving efficiency, performance, and reducing emissions. These systems enable advanced control over powertrain components, optimizing fuel consumption, and enhancing vehicle performance. Automation, including electric and hybrid technologies, is key in the transition to more sustainable powertrains. Additionally, advancements in AI, machine learning, and predictive analytics help streamline manufacturing and maintenance processes, making automated solutions increasingly attractive for automakers seeking innovation and cost-efficiency in powertrain development.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Powertrain Engine Outlook: Segment Analysis

Powertrain Market Engine Segment Analysis

According to Cognitive Market Research, Gasoline holds the largest growing share in the powertrain market due to its widespread use in internal combustion engines (ICE), offering high energy density, affordability, and convenience. With a strong infrastructure for fueling and established consumer demand, gasoline-powered vehicles remain the preferred choice for many consumers. Additionally, technological improvements in fuel efficiency and engine performance continue to sustain its dominance, even as electric and hybrid alternatives emerge, ensuring gasoline's significant role in global automotive powertrain markets.

In the Powertrain market, the rapidly growing sector is Diesel holds the fastest-growing share in the powertrain market due to its high fuel efficiency, longer driving range, and strong torque performance, making it ideal for heavy-duty vehicles and commercial applications. Technological advancements, such as cleaner diesel engines with lower emissions, also help improve its market appeal. Additionally, the ongoing demand for vehicles with low operational costs, particularly in regions with robust logistics sectors, continues to drive the growth of diesel-powered powertrains.

• Gasoline
• Diesel

Powertrain Position Outlook: Segment Analysis

Powertrain Market Position Segment Analysis

According to Cognitive Market Research, Front-Wheel Drive (FWD) powertrains dominate the growing powertrain market due to their efficiency and cost-effectiveness. FWD systems provide better fuel economy by reducing weight and improving traction, especially in adverse weather conditions. Their simpler design and lower manufacturing costs make them ideal for a wide range of vehicles, from compact cars to mid-sized sedans. Additionally, the rising demand for eco-friendly, fuel-efficient cars has further bolstered the popularity of FWD, driving its growth in the global powertrain market.

In the Powertrain Market, Rear-Wheel Drive (RWD) powertrains are experiencing rapid growth due to increasing consumer demand for enhanced vehicle performance, better handling, and improved driving dynamics, particularly in sports cars and performance vehicles. RWD offers superior weight distribution, driving stability, and traction, which appeals to both high-performance enthusiasts and luxury vehicle manufacturers. Additionally, advancements in electric vehicle (EV) technology, which integrates RWD for better power delivery, are contributing to its fast growth in the powertrain market, particularly in emerging EV segments.

• Front-Wheel Drive
• Rear-Wheel Drive
• All-Wheel Drive

Powertrain Vehicle Outlook: Segment Analysis

How are Segments Performing in the Global Powertrain Market?

Powertrain Market Vehicle Type Segment Analysis

According to Cognitive Market Research, Passenger cars hold the largest share of the powertrain market due to the high demand for fuel-efficient, performance-driven vehicles. Increasing consumer preference for advanced technologies, such as electric, hybrid, and high-performance internal combustion engines (ICE), drives this dominance. Regulatory pressures for lower emissions and improved fuel efficiency further encourage automakers to innovate in powertrain systems. The mass adoption of passenger cars globally, coupled with continuous advancements in powertrain technology, ensures their leadership in the market.

Commercial vehicles are driving the fastest growth in the powertrain market due to increasing demand for efficient, environmentally friendly, and cost-effective transportation solutions. LCVs are used in logistics, delivery, and urban mobility, sectors experiencing significant growth. The shift toward electric and hybrid powertrains for LCVs, driven by stricter emissions regulations and advancements in battery technology, further accelerates this trend. Additionally, the adoption of lightweight materials and fuel-efficient powertrains enhances operational efficiency, contributing to LCVs’ market dominance.

• Passenger Cars
• Commercial Vehicles
• Off- Road Vehicle
• Construction Equipment
• Defence Vehicle
• Agriculture Vehicles

Author's Detail

Sumedha Gosavi

Research Associate at Cognitive Market Research

LinkedIn

Profile

Author's Conclusion