Automotive Drivetrain Trends and Forecast
The future of the global automotive drivetrain market looks promising with opportunities in the passenger car, commercial vehicle, and electric vehicle markets. The global automotive drivetrain market is expected to reach an estimated $293.8 billion by 2030 with a CAGR of 6.8% from 2024 to 2030. The major drivers for this market are increasing demand for vehicle's comfort and safety, rising demand for vehicles with better acceleration, traction, and towing capabilities, and growing demand for lightweight driveshafts.Automotive Drivetrain by Segment
The study includes a forecast for the global automotive drivetrain by drive type, vehicle type, and region.Automotive Drivetrain Market by Drive Type [Shipment Analysis by Value from 2018 to 2030]
- Foward Wheel Drive
- Rear Wheel Drive
- All-Wheel-Drive
Automotive Drivetrain Market by Vehicle Type [Shipment Analysis by Value from 2018 to 2030]
- Passenger Cars
- Commercial Vehicles
- Electric Vehicle
Automotive Drivetrain Market by Region [Shipment Analysis by Value from 2018 to 2030]
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Automotive Drivetrain Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies automotive drivetrain companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the automotive drivetrain companies profiled in this report include-- Aisin Seiki
- American Axle & Manufacturing
- Borgwarner
- GKN
- ZF Friedrichshafen
- Magna International
- Dana Holding
- JTEKT
- Showa
- Schaeffler Group
Automotive Drivetrain Market Insights
The publisher forecasts that forward wheel drive will remain the largest segment over the forecast period because it is particularly cost effective when compared to other drive systems, and it has several advantages relating to mass, space, fuel economy, minimal friction from the driveshaft, and the weight is balanced for traction.APAC will remain the largest region over the forecast period because of the growth in the region's expenditures, rise in car sales, development of the industrial and infrastructure sectors, and increased need for automated transmissions and sophisticated systems.
Features of the Global Automotive Drivetrain Market
- Market Size Estimates: Automotive drivetrain market size estimation in terms of value ($B).
- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
- Segmentation Analysis: Automotive drivetrain market size by drive type, vehicle type, and region in terms of value ($B).
- Regional Analysis: Automotive drivetrain market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different drive type, vehicle type, and regions for the automotive drivetrain market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the automotive drivetrain market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the automotive drivetrain market size?Answer: The global automotive drivetrain market is expected to reach an estimated $293.8 billion by 2030.
Q2. What is the growth forecast for automotive drivetrain market?
Answer: The global automotive drivetrain market is expected to grow with a CAGR of 6.8% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the automotive drivetrain market?
Answer: The major drivers for this market are increasing demand for vehicle's comfort and safety, rising demand for vehicles with better acceleration, traction, and towing capabilities, and growing demand for lightweight driveshafts.
Q4. What are the major segments for automotive drivetrain market?
Answer: The future of the global automotive drivetrain market looks promising with opportunities in the passenger car, commercial vehicle, and electric vehicle markets.
Q5. Who are the key automotive drivetrain market companies?
Answer: Some of the key automotive drivetrain companies are as follows:
- Aisin Seiki
- American Axle & Manufacturing
- Borgwarner
- GKN
- ZF Friedrichshafen
- Magna International
- Dana Holding
- JTEKT
- Showa
- Schaeffler Group
Answer: The publisher forecasts that forward wheel drive will remain the largest segment over the forecast period because it is particularly cost effective when compared to other drive systems, and it has several advantages relating to mass, space, fuel economy, minimal friction from the driveshaft, and the weight is balanced for traction.
Q7. In automotive drivetrain market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region over the forecast period because of the growth in the region's expenditures, rise in car sales, development of the industrial and infrastructure sectors, and increased need for automated transmissions and sophisticated systems.
Q.8 Do we receive customization in this report?
Answer: Yes,the publisher provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the automotive drivetrain market by drive type (foward wheel drive, rear wheel drive, and all-wheel-drive), vehicle type (passenger cars, commercial vehicles, and electric vehicle), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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Table of Contents
1. Executive Summary
2. Global Automotive Drivetrain Market: Market Dynamics
3. Market Trends and Forecast Analysis from 2018 to 2030
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Aisin Seiki
- American Axle & Manufacturing
- Borgwarner
- GKN
- ZF Friedrichshafen
- Magna International
- Dana Holding
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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