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Automotive Drivetrain - Global Market Trajectory & Analytics

  • ID: 4804423
  • Report
  • April 2021
  • Region: Global
  • 280 Pages
  • Global Industry Analysts, Inc
Global Automotive Drivetrain Market to Reach $338.9 Billion by 2027

Amid the COVID-19 crisis, the global market for Automotive Drivetrain estimated at US$240.1 Billion in the year 2020, is projected to reach a revised size of US$338.9 Billion by 2027, growing at a CAGR of 5% over the analysis period 2020-2027. All-Wheel Drive, one of the segments analyzed in the report, is projected to record a 6.2% CAGR and reach US$42.6 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Rear Wheel Drive segment is readjusted to a revised 5% CAGR for the next 7-year period.

The U.S. Market is Estimated at $65.1 Billion, While China is Forecast to Grow at 7.7% CAGR

The Automotive Drivetrain market in the U.S. is estimated at US$65.1 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$70.1 Billion by the year 2027 trailing a CAGR of 7.8% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.8% and 4.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.1% CAGR.

Front Wheel Drive Segment to Record 4.8% CAGR

In the global Front Wheel Drive segment, USA, Canada, Japan, China and Europe will drive the 4.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$91.7 Billion in the year 2020 will reach a projected size of US$123.5 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$45.1 Billion by the year 2027, while Latin America will expand at a 5.8% CAGR through the analysis period.

Select Competitors (Total 43 Featured):
  • Aisin Seiki Co., Ltd.
  • American Axle & Manufacturing Inc.
  • BorgWarner, Inc.
  • Dana, Inc.
  • JTEKT Corporation
  • Magna International, Inc.
  • Schaeffler AG
  • Showa Corporation
  • ZF Friedrichshafen AG
Frequently Asked Questions about the Global Market for Automotive Drivetrain

What is the estimated value of the Global Market for Automotive Drivetrain?

The Global Market for Automotive Drivetrain was estimated to be valued at $240.1 Billion in 2020.

What is the growth rate of the Global Market for Automotive Drivetrain?

The growth rate of the Global Market for Automotive Drivetrain is 5.0%, with an estimated value of $338.9 Billion by 2027.

What is the forecasted size of the Global Market for Automotive Drivetrain?

The Global Market for Automotive Drivetrain is estimated to be worth $338.9 Billion by 2027.
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  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • Automotive Drivetrain - A Prelude
  • STable Automobile Production Trends Steers Market Growth
  • Global Light Vehicle Production (In Million Units) by Geographic Region/Country for the Years 2017, 2019, 2022
  • Robust Automotive Outlook in Asia Pacific Augments Market Opportunities
  • Flourishing Middle Class Population in Asia Pacific Drives Demand for New Cars: Global Middle Class Population & Spending (In Million & US$ Billion) for the Years 2020, 2025, 2030
  • Percentage (In %) Breakdown of Automobile Production in Asia-Pacific by Country for the Year 2018
  • Steady Global Demand for Heavy Commercial Vehicles Influences Market Prospects for Drivetrain Components
  • Heavy Trucks Production Volume (in Units) in Asia Pacific Region by Country (2018)
  • US Class 8 Truck Sales (In Thousands) for the Years 2016, 2018 & 2021
  • Rising Prominence of Vehicle Lightweighting Heightens Demand for Lightweight Drive Shafts
  • Carbon Fiber Drive Shafts Gain Traction in High End Variants
  • Expanding Use of Carbon Composites in Automotive Applications Presents Lucrative Opportunities for Carbon Fiber Drive Shafts: Global Carbon Composites Demand (In Thousand Tons) in Automotive Industry for the Years 2017, 2019 & 2022
  • Emerging Demand for SUVs & AWD Cars Present Untapped Growth Potential
  • With Multiple Shafts Used in All Wheel Drive Vehicles, the Robust Outlook for SUV Sales to Benefit Growth in the Market: Global Sales of SUVs (In Million) for the Years 2015, 2017, 2019, 2021
  • Strong Global Penetration of SUVs at 34% Corroborates the Healthy Outlook for SUV Sales: Global Penetration of SUVs (In %) by Country for the Year 2019
  • Increasing Penetration of Electric Vehicles to Unlock New Revenue Opportunities
  • Global Electric Vehicles Sales (In Million) for the Years 2020, 2025 & 2030
  • Growing Demand for Electric Buses Driven by Strong Government Initiatives to Improve Public Transportation Networks Promises Market Opportunities for Electric Axles: Global Municipal Electric Buses Fleet (In Units) by Geographic Region/Country for the Years 2020, 2025 & 2030


  • Total Companies Profiled: 43
Note: Product cover images may vary from those shown