Automotive Drivetrain Market Share, Industry Demand, Trends, Analysis Report 2023-2028

Global Automotive Drivetrain Market Outlook:

The latest report by IMARC Group, titled, “Automotive Drivetrain Market Report: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” offers a comprehensive analysis of the industry, which comprises insights on the Automotive Drivetrain Market Share. The report also includes competitor and regional analysis, and contemporary advancements in the market. The global automotive drivetrain market size reached US$ 200.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 289.2 Billion by 2028, exhibiting a growth rate (CAGR) of 6.2% during 2023-2028. An automotive drivetrain is an assembly of multiple components that transmit power to the driving wheel of the vehicle. It comprises of a driveshaft, gearbox, universal (U) joints, constant velocity (CV) joints, wheels, and axles. The draft shaft is an extended tubular steel component, which is linked to the gearbox of the vehicle and aids in the rotary movement of the wheels. The joints supply power to the wheels and facilitate their movement at different angles, and the axles transfer power from the final drive assembly to the wheels.

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Global Automotive Drivetrain Market Trends:

The expanding automotive industry, along with the increasing adoption of hybrid and electric vehicles (H/EVs), is primarily driving the market growth. Furthermore, the drivetrains are also utilized for varying the amount of torque given to the engine, thereby providing increased acceleration, traction, and towing capabilities. Additionally, the escalating demand for lightweight driveshafts for enhanced fuel efficiencies is also augmenting the global. Besides this, several technological advancements, such as the development of all-wheel drive (AWD) for passenger cars and sports-utility vehicles (SUVs), are further propelling the market growth. In the coming years, the rapid electrification of drivetrain components is further expected to drive the market for the automotive drivetrain.

Competitive Landscape With Key Players:

Aisin Seiki Co. Ltd.
American Axle & Manufacturing Inc.
Borgwarner Inc.
Dana Incorporated
ZF Friedrichshafen AG (9Zeppelin-Stiftung)
GKN Automotive Limited (Melrose Industries)
JTEKT Corporation
Magna International Inc.
Schaeffler Technologies AG & Co. KG
Showa Corporation.

Key Market Segmentation:

Our report has categorized the market based on vehicle type and drive type.

Vehicle Type Insights:

Passenger Cars
Light Commercial Vehicles
Heavy Commercial Vehicles
Others

The report has provided a detailed breakup and analysis of the automotive drivetrain market based on the vehicle type. This includes passenger cars, light commercial vehicles, heavy commercial vehicles, and others. According to the report, passenger cars represented the largest segment.

Drive Type Insights:

All Wheel Drive
Front Wheel Drive
Rear Wheel Drive

A detailed breakup and analysis of the automotive drivetrain market based on the drive type has also been provided in the report. This includes all wheel driver, front wheel drive, and rear wheel drive. According to the report, front wheel drive type accounted for the largest market share.

Regional Insights:

North America (United States, Canada)
Europe (Germany, France, United Kingdom, Italy, Spain, Others)
Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the report:

Market Performance
Market Outlook
Porter’s Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Competitive Structure
Profiles of Key Players
Comprehensive Mapping of the Competitive Landscape

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