The market for automotive drivetrain technology is expected to grow at a CAGR of around 6.9% from 2020 to 2027 and expected to reach the market value of around US$ 421.7 Bn by 2027.

Automotive Drivetrain Technology consists of a group of components that deliver power to the driving wheels. The overall system includes the driveshaft, CV joints, the differential, the axle shafts, and the U-joints.

Market Dynamics

The growing demand for comfort & safety in vehicles along with the increasing need for better acceleration, traction, & towing capabilities in vehicles is driving the market growth. Better vehicle control in unfavorable terrains as well as growing demand for lightweight driveshaft is additionally accelerating the market growth. Furthermore, emerging markets for SUVs & premium cars with AWD systems and integration of electronics in drivetrains are projected to create potential opportunities over the forecast timeframe.

On the other side, the high initial & maintenance cost of vehicles equipped with AWD, and fluctuations in raw material prices are projected to hamper the growth over the forecast period from 2020 to 2027.

Passenger Car is the leading segment by vehicle type

By vehicle type, passenger car has registered a major share in the global market. The segment is also projected to maintain its dominance over the forecast period from 2020 to 2027. Moreover, the increasing demand and production of passenger vehicles in the global market are bolstering the market value. Moreover, the region is further projected to experience the fastest growth with major CAGR (%) over the forecast timeframe from 2020 to 2027.

The market research study on “Automotive Drivetrain Technology Market– Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 – 2027”, offers a detailed insight into the global Automotive Drivetrain Technology market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report provides insights into the global automotive drivetrain technology market, its vehicle type, technology, drive type, and major geographic regions. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers global automotive drivetrain technology market size and volume, and segment markets by vehicle type, technology, drive type, and geography along with the information on companies operating in the market. The automotive drivetrain technology market analysis is provided for major regional markets including North America, Europe, Asia Pacific, Latin America and Middle East and Africa. For each region, the market size and volume for different segments have been covered under the scope of the report.

Asia Pacific accounted for the maximum share in the Automotive Drivetrain Technology market

In 2019, Asia Pacific has registered a major share in terms of value in the market. The region is particularly gaining growth on account of its large customer base. The major economies of the region including Japan, China, and India are majorly contributing to the regional market value. The high production of passenger vehicles in the regional market is supporting the regional market value. Moreover, the region is also projected to maintain its dominance over the forecast timeframe from 2020 to 2027. The region is further anticipated to experience the fastest growth over the forecast timeframe.

The players profiled in the report include Aisin Seiki Co., Ltd., American Axle & Manufacturing, Inc., Borgwarner Inc., Dana Holding Corporation, GKN PLC, JTEKT Corporation, Schaeffler Group, Showa Corporation, and ZF Friedrichshafen AG Magna International Inc.

Market Segmentation

Market By Vehicle Type

Passenger Car

Buses

• City Buses
• Intercity Buses
• Coaches

Trucks

• Class 1 Trucks
• Class 2 Trucks
• Class 3 Trucks
• Class 4 Trucks
• Class 5 Trucks
• Class 6 Trucks
• Class 7 Trucks
• Class 8 Trucks
  
  

Market By Technology

Central Motor

E-axle

Permanent Magnet with Gear

Market By Drive Type

AWD (All-Wheel Drive)

FWD (Front Wheel Drive)

RWD (Rear Wheel Drive)

Market By Geography

North America

• U.S
• Canada

Europe

• UK
• Germany
• France
• Spain
• Rest of Europe

Asia-Pacific

• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia-Pacific

Latin America

• Brazil
• Mexico
• Rest of Latin America

Middle East & Africa

• GCC
• South Africa
• Rest of Middle East & Africa

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