Global Automotive Powertrain Market Indicating US$ 500 Mn Revenue By The End Of 2026

Posted on 2018-06-22 by Mark Hub in Automotive // 0 Comments

ROCKVILLE, US, 2018-Jun-22 — /EPR Network/ — Growth of the global automotive powertrain market is mainly bound to various macro-economic and micro-economic factors. With the increasing demand for optimize fuel ignition and ignition, sales of the automotive powertrain will continue to increase significantly. In order to improve the efficiency of the automotive engine, manufacturers are mainly focusing on integrating engine management sensors. Growing demand for increasing acceleration, high towing capacity, gaining traction and generate power in the engine is projected to rev up sales of the automotive powertrain significantly.

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As the need for enhanced automotive transmission system increases, demand for automotive powertrain is projected to increase significantly. In addition, imposition of various government regulation regarding reduction of the emission level will continue to impact the global market growth of automotive transmission positively. Fact.MR states that the global market of automotive powertrain is projected to reflect a CAGR of 5.2% over the forecast period, 2017-2026.

Government Regulations to Impact Global Market Growth

As government in various countries are increasingly focusing on developing smart cities, demand for the electric vehicles is bound to increase globally. In order to reduce the emission of carbon dioxide in the environment, government in various countries are increasingly imposing regulations regarding the level of carbon dioxide emitted in the country. Growing need to reduce the level of emission and control the pollution level has led to increasing demand for electric vehicles. Surge in demand for electric vehicles will continue to rev up demand for the automotive powertrain globally.

Technological Advancements to Underscore Lucrative Growth Opportunities

In order to reduce the consumption and fuel emission, manufacturers are increasingly focusing on incorporating engine downsizing in the vehicles. Increasing integration of engine downsizing will continue to remain a major trend in the automotive industry globally. In addition, manufacturers are also focusing on integrating engine management sensors to improve the efficiency of the engine and optimize the fuel economy. Moreover, companies in the automotive industry are further concentrating on offering vehicles equipped with sensor clusters and smart actuators. Growing need to integrate automotive components such as transmission, smart actuators and sensor clusters will continue to fuel demand for automotive powertrain globally. Manufacturers are also focusing on integrating leading technological features such as combustion control to ensure effective prevention of the environmental pollution. Bound to these factors, the global automotive powertrain market is expected to witness significant growth during the forecast period.

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Sales for Mid-Sized Vehicles to Remain High

As the need to power all wheels of the vehicles increases, demand for all wheel drive vehicles is projected to remain high in the global market. In terms of revenue, the all wheel drive position type segment is projected to witness the highest growth, representing more than US$ 80 Mn by 2026-end. During the forecast period, the all wheel drive position type segment is projected to reflect a healthy CAGR during the forecast period.

On the basis of vehicle type, the mid-sized vehicle type segment is projected to reflect a robust CAGR through 2026. However, the light commercial vehicle type segment is projected to witness robust revenue growth, accounting for more than US$ 30 Mn by 2017-end.

Based on powertrain type, the battery electric vehicle segment is projected to reflect the fastest growth in the global automotive powertrain segment throughout the forecast period. On the contrary, the gasoline powertrain type segment is projected to generate significant revenues, recording for more than US$ 100 Mn by 2026-end.

Market Players

Major players in the global market of automotive transmission include Ford Motors, General Motors, Hyundai, Volkswagen Group, BorgWarner Inc., Toyota, GKN plc, JTEKT Corp., Delphi Automobile LLP and Magna Powertrain Ltd.

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About Fact.MR
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized Automotive Market Reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.

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