Global Automotive Powertrain Market Valued at USD 435.3 Million in 2022 and Projected to Exceed USD 719.3 Million by 2032, Growing at a CAGR of 5.2% from 2022 to 2032 .
The report also provides an in-depth analysis of market dynamics such as drivers, constraints, opportunities and challenges. It also includes an in-depth study of the competitive landscape and key strategies adopted by key players. The report also includes an in-depth study of current and future trends in the global State Demand Analysis market. It also provides an overview of the regional market and its growth prospects during the forecast period.
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Demand for relatively inexpensive midsize cars remains high. Manufacturers focus on incorporating advanced technical features such as engine downsizing to provide improved fuel delivery and control systems, increasing vehicle efficiency and power. Growing demand for midsize vehicles is expected to boost sales of automotive powertrains. In addition, increased harshness, noise and vibration from cylinder deactivation, stop/start systems and supercharging technology, in addition to plug-in hybrid and hybrid technologies, have prompted manufacturers to integrate major technological developments into their engines. became. Automakers are integrating various features such as noise-cancelling technology and engine support to eliminate engine noise. These factors are expected to contribute significantly to the growth of the global automotive powertrain market over the forecast period.
Global Automotive Powertrain Market Segments
- By Position Type
- Front Wheel Drive
- Rear Wheel Drive
- All Wheel Drive
- By Powertrain Type
- Gasoline Powertrain Type
- Diesel Powertrain Type
- Hybrid Powertrain Type
- Battery Electric Vehicle Powertrain Type
- Fuel Cell Powertrain Type
- By Vehicle Type
- Compact Vehicles
- Mid-Sized Vehicles
- Premium Vehicles
- Luxury Vehicles
- Light Commercial Vehicles
- Heavy Commercial Vehicles
- By Region
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- MEA
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Sales of medium-sized vehicles remain at a high level
Demand for all-wheel drive vehicles is expected to remain high in the global market as the need to power all wheels of a vehicle increases. In terms of revenue, the all-wheel drive location type segment is projected to grow the fastest, accounting for over $80 million by the end of 2026 . Good CAGR during the forecast period.
Based on vehicle type, the medium-duty vehicle type segment is projected to reflect a strong CAGR through 2026. However, the light commercial vehicle type segment is projected to have strong revenue growth of over $30 million by the end of 2017.
Based on powertrain type, the battery electric vehicle segment is expected to reflect the fastest growth in the global automotive powertrain segment during the forecast period. In contrast, the gasoline powertrain segment is expected to generate significant revenue, reportedly exceeding $100 million by the end of 2026.
market leader
Major market players operating in the global automotive powertrain market include
- general motors
- ford engine
- Volkswagen Group
- hyundai
- Toyota
- BorgWarner Co., Ltd.
- JTEKT Corporation
- GKN plc.
- Magna Powertrain Co., Ltd.
- Delphi Automotive LLP
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