Car Powertrain Market Size, Share & Analysis Report, 2022-2030
The global Car Powertrain market gathered revenue around USD 698.96 billion in 2021 and market is set to grow USD 1.2 Trn by the end of 2030 and is estimated to expand at a modest CAGR of 3.69% during the prediction period 2022 to 2030.
Growth Factors:
Growing consumer trend toward battery electric vehicle is likely to enhance the demand for battery powertrain systems in a vehicle, which is likely to propel the car powertrain market across the globe. Stringent emission regulations enacted by various governments and regulatory authorities to reduce vehicle emission are prompting automakers to adopt technologies focused on increasing fuel-efficiency in their vehicles, including camshaft and other transmission component. Lightweight vehicles and lightweight engines enhance fuel efficiency, which in turn requires lightweight components that would help reduce fuel consumption of vehicles. This is likely to increase the demand for powertrain components across the globe.
Report Coverage
| Report Scope | Details |
| Market Size | USD 1.2 Trn by 2030 |
| Growth Rate | CAGR of 3.69% From 2022 to 2030 |
| Base Year | 2021 |
| Forecast Period | 2022 to 2030 |
| Report coverage | Growth Factors, Revenue Status, Competitive Landscape, and Future Trends |
| Segments Covered | Car Type, Category, Region |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA) |
| Companies Mentioned | Mahle GmbH, American Axle & Manufacturing, Tenneco Inc., Linamar, ThyssenKrupp, Rheinmetall AG, Sanjo Machine Works, Yasunaga, Bharat Forge, Art Metal Mfg. Co., Ltd, Continental AG, Robert Bosch GmbH, Denso Corporation, ZF Friedrichshafen AG, Magna International Inc., Bridgestone Corporation, Michelin , Faurecia, Clarios, and Valeo SA.. |
Expansion of Car Powertrain Market
Advanced materials used to achieve weight reduction of vehicle powertrain components include magnesium alloys, aluminum alloys, hybrid materials, alloys of beryllium, alloys of titanium aluminum composite, are utilized to reduce the weight of the vehicle weight. This, in turn, offers lucrative opportunity for raw material suppliers catering to the car powertrain market. For instance, in 2009, the production volume of the automobiles was 61,768,224 units and in 2019; it increased to 91,786,969 units, which indicates increase in volume by 48.9%. The automotive industry has witnessed steady expansion for the last few years at a CAGR of 4.09% Therefore, rising vehicle demand is expected to propel the car powertrain market.
Based on car type, the global car powertrain market has been segmented into compact, midsize, luxury and SUV. The compact segment is estimated to hold a major market share during the forecast period owing to an increase in vehicle production across the globe. Rise in consumer trend toward lightweight and fuel-efficient vehicles is likely to enhance the use of compact vehicles.
Based on category, the drivetrain segment dominated the car powertrain market across the globe. Automotive drivetrains includes components that transfer power to the driving wheels of vehicles. The drivetrain system includes the drive shafts, the wheels, the axles, the U joints, the CV joints, and the transmission of a vehicle. All these components, which form a part of the drivetrain system, are responsible for transmitting power or torque to the wheels to drive the vehicle move forward, which in turn is projected to boost the car automotive powertrain market.
Car Powertrain Market Segmentation
· The global car powertrain market has been segmented based on car type, category, and region & country
· Based on car type, the global car powertrain market has been segmented into compact, midsize, luxury, and SUV. The compact segment dominated the global car powertrain market, in terms of volume and revenue. Demand for compact vehicles across the globe is increasing, as they are more fuel efficient and easy to maneuver. Followed by the compact segment, the SUV segment also held a notable share of the global market, in terms of revenue.
· Based on category, the drivetrain segment dominated the car powertrain market across the globe. The drivetrain is an essential part of a vehicle; hence, an increase in production of vehicles boosts the drivetrain market. Rise in consumer trend toward comfort features in vehicles is likely to boost vehicle sales globally, which, in turn, is projected to propel the car powertrain market.
Regional & Country Analysis of Car Powertrain Market
The global car powertrain market has been segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Europe dominated the global car powertrain market in 2020. It is anticipated to hold a leading share of the global market during the forecast period due to a rise in vehicle sales. The auto industry in Europe is highly developed and hence, the rate of adoption of advanced technologies is higher, which helps to increase the demand for powertrain components, which, in turn, anticipated to propel the car powertrain market.
Competitive Rivalry
Foremost players in the market are attentive on adopting corporation strategies to enhance their market share. Some of the prominent tactics undertaken by leading market participants in order to sustain the fierce market completion include collaborations, acquisitions, substantial spending in R&D and the improvement of new-fangled products or reforms among others.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
Some of the prominent players in the Car Powertrain Market include: Mahle GmbH, American Axle & Manufacturing, Tenneco Inc., Linamar, ThyssenKrupp, Rheinmetall AG, Sanjo Machine Works, Yasunaga, Bharat Forge, Art Metal Mfg. Co., Ltd, Continental AG, Robert Bosch GmbH, Denso Corporation, ZF Friedrichshafen AG, Magna International Inc., Bridgestone Corporation, Michelin , Faurecia, Clarios, and Valeo SA.
Segments Covered in the Report
This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for the period of 2017 to 2030 and covers subsequent region in its scope:
Global Car Powertrain Market: Segmentation
By Geography
North America
Europe
Asia Pacific
Latin America
Middle East & Africa (MEA)
Highlights of the Report:
Research Methodology
In the study, a unique research methodology is utilized to conduct extensive research on the growth of the Car Powertrain market, and reach conclusions on the future growth parameters of the market. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the conclusions.
Secondary resources referred to by analysts during the production of the Car Powertrain market study are as follows - statistics from government organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, all of whom have contributed to the development of this report as a primary resource.
Comprehensive information acquired from primary and secondary resources acts as a validation from companies in the market, and makes the projections on the growth prospects of the Car Powertrain markets more accurate and reliable.
Secondary Research
It involves company databases such as Hoover's: This assists us recognize financial information, structure of the market participants and industry competitive landscape.
The secondary research sources referred in the process are as follows:
Primary Research
Primary research includes face-to face interviews, online surveys, and telephonic interviews.
Industry participants involved in this research study include:
Key Points Covered in Car Powertrain Market Study:
Cross-segment Market Size and Analysis for Mentioned Segments
Additional Company Profiles
(Upto 5 With No Cost)
Additional Countries (Apart
From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers