The power train and power train parts market size has grown strongly in recent years. It will grow from $440.01 billion in 2025 to $471.1 billion in 2026 at a compound annual growth rate (CAGR) of 7.1%. The growth in the historic period can be attributed to growth in global vehicle production, demand for fuel efficiency, expansion of commercial vehicles, drivetrain technology improvements, automotive industrialization.
The power train and power train parts market size is expected to see strong growth in the next few years. It will grow to $636.55 billion in 2030 at a compound annual growth rate (CAGR) of 7.8%. The growth in the forecast period can be attributed to electric vehicle powertrain adoption, demand for low emission drivetrains, autonomous vehicle development, growth in off road vehicles, advanced transmission innovation. Major trends in the forecast period include shift toward electrified powertrains, integration of hybrid powertrain technologies, demand for lightweight drivetrain components, growth of advanced transmission systems, expansion of AWD and 4WD systems.
The growing demand for electric vehicles is expected to drive the expansion of the power train and power train parts market in the coming years. Electric vehicles are automobiles powered by electricity, primarily using electric motors for propulsion. These vehicles rely on electric powertrains composed of electric motors, power electronics, and battery systems. The design, development, and manufacturing of these components are central to the growth of the powertrain parts market, generating increased demand for electric motors, inverters, and other components specific to electric vehicles. For example, in January 2024, according to the U.S. Energy Information Administration, a US-based government agency, combined sales of hybrid vehicles, plug-in hybrid electric vehicles, and battery electric vehicles accounted for 16.3% of all new light-duty vehicle sales in the United States in 2023, rising from 12.9% in 2022. Therefore, the increasing adoption of electric vehicles is driving the growth of the power train and power train parts market.
Major companies operating in the power train and power train parts market are focusing on the development of hybrid transmission technologies to improve fuel efficiency, lower emissions, and enhance overall vehicle performance by integrating electric propulsion with internal combustion engines. Hybrid transmissions are vehicle transmission systems designed for hybrid powertrains that combine an internal combustion engine with one or more electric motors. These systems are developed to support decarbonization efforts while preserving the performance advantages of conventional combustion-based drivetrains. For instance, in July 2024, ZF Friedrichshafen AG, a Germany-based automotive technology company, introduced the TraXon 2 Hybrid transmission. This hybrid transmission is designed for seamless integration into existing vehicle platforms, enabling manufacturers to adopt hybrid technology with minimal modifications to current vehicle architectures. It supports both full-hybrid and plug-in hybrid configurations, increasing its suitability across a wide range of commercial vehicle applications.
In June 2025, Allison Transmission, a US-based manufacturer of propulsion, drivetrain, and transmission solutions for commercial and heavy-duty vehicles, acquired the off-highway business of Dana Incorporated for an undisclosed amount. Through this acquisition, Allison Transmission aims to significantly expand its global powertrain and drivetrain portfolio across commercial, industrial, construction, agricultural, and off-road segments, thereby broadening its addressable market and strengthening its full powertrain offerings. Dana’s off-highway business is a US-based provider of axles, propulsion solutions, drivetrain components, and hybrid and electric drive systems serving off-highway vehicles and equipment in more than 25 countries.
Major companies operating in the power train and power train parts market report include Ford Motor Company, General Motors Company, Volkswagen AG, ZF Friedrichshafen AG, Delphi Technologies Inc., Toyota Motor Corporation, JTEKT Corporation, Allison Transmission Holdings Inc., BorgWarner Inc., Hyundai Motor Company, Aisin Seiki Co. Ltd., JTEKT North America Corporation, AW North Carolina Inc., Dexter Axle Company, Kyklos Bearing International LLC, Deere & Company (John Deere Coffeyville Works), Altra Industrial Motion Corp. (Warner Electric LLC), Fabco Automotive Corporation, American Axle & Manufacturing Holdings Inc., Cloyes Gear and Products Inc., Powertech America Inc., Reliance Electric Company LLC, thyssenkrupp Crankshaft Company LLC, BorgWarner Transmission Systems Inc., Capco Automotive Products Corporation, The Gleason Works, MAHLE GmbH, AVL List GmbH, American Axle & Manufacturing Inc.
Asia-Pacific was the largest region in the power train and power train parts market in 2025. Western Europe was the second largest region in the power train and power train parts market. The regions covered in the power train and power train parts market report include Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the power train and power train parts market report include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The power train and power train parts market consist of sales of CV joints and the wheels. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 1-3 business days.
The power train and power train parts market size is expected to see strong growth in the next few years. It will grow to $636.55 billion in 2030 at a compound annual growth rate (CAGR) of 7.8%. The growth in the forecast period can be attributed to electric vehicle powertrain adoption, demand for low emission drivetrains, autonomous vehicle development, growth in off road vehicles, advanced transmission innovation. Major trends in the forecast period include shift toward electrified powertrains, integration of hybrid powertrain technologies, demand for lightweight drivetrain components, growth of advanced transmission systems, expansion of AWD and 4WD systems.
The growing demand for electric vehicles is expected to drive the expansion of the power train and power train parts market in the coming years. Electric vehicles are automobiles powered by electricity, primarily using electric motors for propulsion. These vehicles rely on electric powertrains composed of electric motors, power electronics, and battery systems. The design, development, and manufacturing of these components are central to the growth of the powertrain parts market, generating increased demand for electric motors, inverters, and other components specific to electric vehicles. For example, in January 2024, according to the U.S. Energy Information Administration, a US-based government agency, combined sales of hybrid vehicles, plug-in hybrid electric vehicles, and battery electric vehicles accounted for 16.3% of all new light-duty vehicle sales in the United States in 2023, rising from 12.9% in 2022. Therefore, the increasing adoption of electric vehicles is driving the growth of the power train and power train parts market.
Major companies operating in the power train and power train parts market are focusing on the development of hybrid transmission technologies to improve fuel efficiency, lower emissions, and enhance overall vehicle performance by integrating electric propulsion with internal combustion engines. Hybrid transmissions are vehicle transmission systems designed for hybrid powertrains that combine an internal combustion engine with one or more electric motors. These systems are developed to support decarbonization efforts while preserving the performance advantages of conventional combustion-based drivetrains. For instance, in July 2024, ZF Friedrichshafen AG, a Germany-based automotive technology company, introduced the TraXon 2 Hybrid transmission. This hybrid transmission is designed for seamless integration into existing vehicle platforms, enabling manufacturers to adopt hybrid technology with minimal modifications to current vehicle architectures. It supports both full-hybrid and plug-in hybrid configurations, increasing its suitability across a wide range of commercial vehicle applications.
In June 2025, Allison Transmission, a US-based manufacturer of propulsion, drivetrain, and transmission solutions for commercial and heavy-duty vehicles, acquired the off-highway business of Dana Incorporated for an undisclosed amount. Through this acquisition, Allison Transmission aims to significantly expand its global powertrain and drivetrain portfolio across commercial, industrial, construction, agricultural, and off-road segments, thereby broadening its addressable market and strengthening its full powertrain offerings. Dana’s off-highway business is a US-based provider of axles, propulsion solutions, drivetrain components, and hybrid and electric drive systems serving off-highway vehicles and equipment in more than 25 countries.
Major companies operating in the power train and power train parts market report include Ford Motor Company, General Motors Company, Volkswagen AG, ZF Friedrichshafen AG, Delphi Technologies Inc., Toyota Motor Corporation, JTEKT Corporation, Allison Transmission Holdings Inc., BorgWarner Inc., Hyundai Motor Company, Aisin Seiki Co. Ltd., JTEKT North America Corporation, AW North Carolina Inc., Dexter Axle Company, Kyklos Bearing International LLC, Deere & Company (John Deere Coffeyville Works), Altra Industrial Motion Corp. (Warner Electric LLC), Fabco Automotive Corporation, American Axle & Manufacturing Holdings Inc., Cloyes Gear and Products Inc., Powertech America Inc., Reliance Electric Company LLC, thyssenkrupp Crankshaft Company LLC, BorgWarner Transmission Systems Inc., Capco Automotive Products Corporation, The Gleason Works, MAHLE GmbH, AVL List GmbH, American Axle & Manufacturing Inc.
Asia-Pacific was the largest region in the power train and power train parts market in 2025. Western Europe was the second largest region in the power train and power train parts market. The regions covered in the power train and power train parts market report include Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the power train and power train parts market report include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The power train and power train parts market consist of sales of CV joints and the wheels. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 1-3 business days.
Table of Contents
1. Executive Summary
2. Power Train and Power Train Parts Market Characteristics
3. Power Train and Power Train Parts Market Supply Chain Analysis
4. Global Power Train and Power Train Parts Market Trends and Strategies
5. Power Train and Power Train Parts Market Analysis of End Use Industries
7. Global Power Train and Power Train Parts Strategic Analysis Framework, Current Market Size, Market Comparisons and Growth Rate Analysis
8. Global Power Train and Power Train Parts Total Addressable Market (TAM) Analysis for the Market
9. Power Train and Power Train Parts Market Segmentation
10. Power Train and Power Train Parts Market Regional and Country Analysis
11. Asia-Pacific Power Train and Power Train Parts Market
12. China Power Train and Power Train Parts Market
13. India Power Train and Power Train Parts Market
14. Japan Power Train and Power Train Parts Market
15. Australia Power Train and Power Train Parts Market
16. Indonesia Power Train and Power Train Parts Market
17. South Korea Power Train and Power Train Parts Market
18. Taiwan Power Train and Power Train Parts Market
19. South East Asia Power Train and Power Train Parts Market
20. Western Europe Power Train and Power Train Parts Market
21. UK Power Train and Power Train Parts Market
22. Germany Power Train and Power Train Parts Market
23. France Power Train and Power Train Parts Market
24. Italy Power Train and Power Train Parts Market
25. Spain Power Train and Power Train Parts Market
26. Eastern Europe Power Train and Power Train Parts Market
27. Russia Power Train and Power Train Parts Market
28. North America Power Train and Power Train Parts Market
29. USA Power Train and Power Train Parts Market
30. Canada Power Train and Power Train Parts Market
31. South America Power Train and Power Train Parts Market
32. Brazil Power Train and Power Train Parts Market
33. Middle East Power Train and Power Train Parts Market
34. Africa Power Train and Power Train Parts Market
36. Power Train and Power Train Parts Market Competitive Landscape and Company Profiles
37. Power Train and Power Train Parts Market Other Major and Innovative Companies
40. Power Train and Power Train Parts Market High Potential Countries, Segments and Strategies
41. Appendix
Executive Summary
Power Train and Power Train Parts Market Global Report 2026 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses power train and power train parts market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for power train and power train parts? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The power train and power train parts market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market. This section also examines key products and services offered in the market, evaluates brand-level differentiation, compares product features, and highlights major innovation and product development trends.
- The supply chain analysis section provides an overview of the entire value chain, including key raw materials, resources, and supplier analysis. It also provides a list competitor at each level of the supply chain.
- The updated trends and strategies section analyses the shape of the market as it evolves and highlights emerging technology trends such as digital transformation, automation, sustainability initiatives, and AI-driven innovation. It suggests how companies can leverage these advancements to strengthen their market position and achieve competitive differentiation.
- The regulatory and investment landscape section provides an overview of the key regulatory frameworks, regularity bodies, associations, and government policies influencing the market. It also examines major investment flows, incentives, and funding trends shaping industry growth and innovation.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.
- The total addressable market (TAM) analysis section defines and estimates the market potential compares it with the current market size, and provides strategic insights and growth opportunities based on this evaluation.
- The market attractiveness scoring section evaluates the market based on a quantitative scoring framework that considers growth potential, competitive dynamics, strategic fit, and risk profile. It also provides interpretive insights and strategic implications for decision-makers.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
- Expanded geographical coverage includes Taiwan and Southeast Asia, reflecting recent supply chain realignments and manufacturing shifts in the region. This section analyzes how these markets are becoming increasingly important hubs in the global value chain.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The company scoring matrix section evaluates and ranks leading companies based on a multi-parameter framework that includes market share or revenues, product innovation, and brand recognition.
Report Scope
Markets Covered:
1) By Components: Engine; Transmission; Drive Shafts; Differentials; Final Drive2) By Technology: Hybrid; Automated
3) By Vehicle Type: Passenger Car (PC); Commercial Vehicle (CV); Off-Road Vehicles; Construction Equipment; Defense Vehicles; Agricultural Vehicles
Subsegments:
1) By Engine: Internal Combustion Engine (ICE); Electric Motor; Hybrid Engine (Combination of ICE and Electric Motor); Fuel Cell Engine2) By Transmission: Manual Transmission (MT); Automatic Transmission (AT); Continuously Variable Transmission (CVT); Dual-Clutch Transmission (DCT); Semi-Automatic Transmission
3) By Drive Shafts: Front Drive Shafts; Rear Drive Shafts; Propeller Shafts; Half Shafts
4) By Differentials: Open Differential; Limited-Slip Differential (LSD); Locking Differential; Electronic Differential
5) By Final Drive: Front Final Drive; Rear Final Drive; All-Wheel Drive (AWD) Final Drive; Four-Wheel Drive (4WD) Final Drive
Companies Mentioned: Ford Motor Company; General Motors Company; Volkswagen AG; ZF Friedrichshafen AG; Delphi Technologies Inc.; Toyota Motor Corporation; JTEKT Corporation; Allison Transmission Holdings Inc.; BorgWarner Inc.; Hyundai Motor Company; Aisin Seiki Co. Ltd.; JTEKT North America Corporation; AW North Carolina Inc.; Dexter Axle Company; Kyklos Bearing International LLC; Deere & Company (John Deere Coffeyville Works); Altra Industrial Motion Corp. (Warner Electric LLC); Fabco Automotive Corporation; American Axle & Manufacturing Holdings Inc.; Cloyes Gear and Products Inc.; Powertech America Inc.; Reliance Electric Company LLC; thyssenkrupp Crankshaft Company LLC; BorgWarner Transmission Systems Inc.; Capco Automotive Products Corporation; the Gleason Works; MAHLE GmbH; AVL List GmbH; American Axle & Manufacturing Inc.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Taiwan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; South East Asia; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: Word, PDF or Interactive Report + Excel Dashboard
Added Benefits:
- Bi-Annual Data Update
- Customisation
- Expert Consultant Support
Companies Mentioned
The companies featured in this Power Train and Power Train Parts market report include:- Ford Motor Company
- General Motors Company
- Volkswagen AG
- ZF Friedrichshafen AG
- Delphi Technologies Inc.
- Toyota Motor Corporation
- JTEKT Corporation
- Allison Transmission Holdings Inc.
- BorgWarner Inc.
- Hyundai Motor Company
- Aisin Seiki Co. Ltd.
- JTEKT North America Corporation
- AW North Carolina Inc.
- Dexter Axle Company
- Kyklos Bearing International LLC
- Deere & Company (John Deere Coffeyville Works)
- Altra Industrial Motion Corp. (Warner Electric LLC)
- Fabco Automotive Corporation
- American Axle & Manufacturing Holdings Inc.
- Cloyes Gear and Products Inc.
- Powertech America Inc.
- Reliance Electric Company LLC
- thyssenkrupp Crankshaft Company LLC
- BorgWarner Transmission Systems Inc.
- Capco Automotive Products Corporation
- The Gleason Works
- MAHLE GmbH
- AVL List GmbH
- American Axle & Manufacturing Inc.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 250 |
| Published | January 2026 |
| Forecast Period | 2026 - 2030 |
| Estimated Market Value ( USD | $ 471.1 Billion |
| Forecasted Market Value ( USD | $ 636.55 Billion |
| Compound Annual Growth Rate | 7.8% |
| Regions Covered | Global |
| No. of Companies Mentioned | 30 |
