Overview and Scope
The automotive drivetrain is a mechanical system inside a vehicle that connects the vehicle’s transmission to the drive axles. The automotive drivetrain is used to transfer the rotational power created by the vehicle’s engine to the wheels of the vehicle for movement.
Sizing and Forecast
The automotive drivetrain market size has grown strongly in recent years. It will grow from $221.58 billion in 2023 to $239.16 billion in 2024 at a compound annual growth rate (CAGR) of 7.9%. The growth in the historic period can be attributed to early automobile development, shift from horse-drawn to motorized vehicles, industrialization of automotive manufacturing, introduction of four-wheel drive systems, evolution of transmission technologies.
The automotive drivetrain market size is expected to see strong growth in the next few years. It will grow to $324.38 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%. The growth in the forecast period can be attributed to electrification of vehicles, integration of advanced sensors in drivetrain, lightweight and high-efficiency materials, autonomous vehicle development, continued emphasis on fuel efficiency. Major trends in the forecast period include hybrid and electric drivetrains, intelligent and adaptive drivetrain systems, modular drivetrain designs, integration of predictive maintenance technologies, development of all-wheel drive (awd) systems for performance vehicles.
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Segmentation & Regional Insights
The automotive drivetrain market covered in this report is segmented –
1) By Drive Type: Front-Wheel Drive, Rear-Wheel Drive, All-Wheel Drive
2) By Vehicle Type: Passenger Cars, Light Commercial Vehicle(LCV), Heavy Commercial Vehicle(HCV), Electric Vehicle
3) By Transmission: Manual Transmission, Automatic Transmission, Continuous Variable Transmission, Automated Manual Transmission, Dual-Clutch Transmission
4) By Technology: Central Motor, E-Axle, Wheel Hub Module
Asia-Pacific was the largest region in the automotive drivetrain market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive drivetrain market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The increasing adoption of electric vehicles is expected to propel the growth of the automotive drivetrain market going forward. Electric vehicles are those that are partially or fully powered by electricity. The increasing adoption of electric vehicles helps increase the demand for automotive drivetrains. Electric drivetrains have a single-speed transmission that sends power from the motor to the wheels. For instance, in October 2022, according to the World Economic Forum, a Switzerland-based international non-governmental and lobbying organization, around 4.3 million new battery-powered electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs) were sold globally in the first half of 2022. BEV sales grew by 75% on the year and PHEVs by 37%. Therefore, the increase in the adoption of electric vehicles will make the demand greater for the growth of the automotive drivetrains.
Key Industry Players
Major companies operating in the automotive drivetrain market report are Aisin Seiki Co Ltd., BorgWarner Inc., ZF Friedrichshafen AG, Showa Corporation, Schaeffler Group, American Axle & Manufacturing Inc., Magna International Inc., JTEKT Corporation, Axletech International, Continental AG, Nidec Corporation, AVL List GmbH, Marelli Holdings Co. Ltd., Mitsubishi Electric Corporation, Robert Bosch GmbH, Valeo SA, Toyota Motor Corporation, Hyundai Motor Company, Volkswagen AG, Dana Incorporated, GKN Ltd., General Motors Company, Ford Motor Company, Daimler AG, Allison Transmission Inc., Eaton Corporation plc, Meritor Inc., Dana Limited, Linamar Corporation, Miba AG
The automotive drivetrain market report table of contents includes:
1. Executive Summary
2. Automotive Drivetrain Market Characteristics
3. Automotive Drivetrain Market Trends And Strategies
4. Automotive Drivetrain Market – Macro Economic Scenario
5. Global Automotive Drivetrain Market Size and Growth
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26. South America Automotive Drivetrain Market
27. Brazil Automotive Drivetrain Market
28. Middle East Automotive Drivetrain Market
29. Africa Automotive Drivetrain Market
30. Automotive Drivetrain Market Competitive Landscape And Company Profiles
Top Major Players:
- Aisin Seiki Co Ltd
- BorgWarner Inc.
- ZF Friedrichshafen AG
- Showa Corporation
- Schaeffler Group
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