Automotive Powertrain Market Insights & Development Forecast during 2017–2026

Posted on 2019-10-07 by Mark Hub in Automotive // 0 Comments

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.

Factors Fuelling Global Market Growth

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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In addition, government in various countries are focusing on developing smart city globally. Imposition of regulations regarding clean and healthy environment has led the automotive manufacturers to focus on developing electronic vehicles for public transportation purposes. Surge in production of the electronic vehicles is projected to fuel demand for automotive powertrains globally. In addition, manufacturers in the automotive industry are significantly focusing on developing automotive powertrains equipped with sensor clusters and smart actuators that enhance the functioning of the transmission. Companies operating in the automotive industry are also focusing on developing vehicles that are equipped with leading technological features such as combustion control system. These factors are projected to contribute towards growth of the global automotive transmission market significantly during the forecast period.

Demand for the mid-sized vehicles continue to remain high attributed to comparatively cheaper prices. Manufacturers are significantly focusing on incorporating advanced technological features such as engine downsizing to offer improved fuel delivery system and control system, which improves the efficiency and power of the vehicles. Surge in demand for mid-sized vehicles is projected to rev up sales of the automotive powertrains. In addition, increase in harshness, noise and vibration due to cylinder deactivation, stop-start system, turbocharging technology along with plug-in hybrid and hybrid technology has led the manufacturers to integrate leading technological developments in the engine. The automotive manufacturers are integrating various features such as noise cancellation technologies and engine mount to eliminate noise produced due to engine. These factors are projected to contribute towards the global market growth of automotive powertrain significantly throughout the forecast period.

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.

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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 Taxonomy

Region	Position Types	Vehicle Type	Powertrain Type
North America	Front Wheel Drive	Compact Vehicles	Gasoline
Latin America	Rear Wheel Drive	Mid-Sized Vehicles	Diesel
Europe	All Wheel Drive	Premium Vehicles	Hybrid
Japan		Luxury Vehicles	Battery Electric Vehicle
APEJ		Light Commercial Vehicles	Fuel Cell
MEA		Heavy Commercial Vehicles

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.

Gasoline Powertrain to Represent a Leading Segment

Growing need for power in all the wheels of the vehicle is expected to rev up demand for all wheel drive in the automotive industry. On the basis of position type, the all wheel drive segment is expected to represent the highest revenue growth, accounting for a value of over US$ 80 Mn by the end of 2026. Moreover, the all wheel drive position type segment is expected to register a robust CAGR throughout the forecast period.

Based on vehicle type, the light commercial vehicle segment is expected to generate significant revenues, recording a value of over US$ 30 Mn by the end of 2017. However, the mid-sized vehicle type segment and the compact vehicles segment is expected to register a significant CAGR through 2026.

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By powertrain type, the gasoline segment is expected to witness a significant revenue growth, accounting for a value of over US$ 100 Mn by the end of 2026. In contrary, the battery electric vehicle powertrain type segment is expected to register the highest CAGR during the forecast period.

Competition Tracking

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

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