AUTOMOTIVE POWERTRAIN MARKET SIZE:
The Automotive Powertrain Market size was valued at USD 908.14 billion in 2023 and is expected to reach USD 2455.30 billion by 2032, growing at a CAGR of 11.8% over the forecast period 2024-2032.
Automotive Powertrain Market growth is highly driven by rapid technological development and environmental regulations that increasingly evolve consumer preferences. Amid such fundamental shifts in the automotive industry toward sustainability and efficiency, powertrain systems stand out brightly as the answer to improvement of vehicle performance, reduction of emissions, and emerging demands for hybrid and electric vehicles. The leading parts of the powertrain are the engines, transmissions, driveshafts, and differentials. Major components about a vehicle and directly involved in any issues concerning fuel efficiency or emissions and in general and specific driving experiences.
The automotive powertrain market is driven by the demand for increasing sales of electric vehicles as well as hybrid electric vehicles
Over 10% of vehicle sales in new vehicles in the United States by 2023 constituted electric or hybrid models indicator of shifting consumer attitudes towards greener technologies. Additionally, stricter emissions standards caused the carbon dioxide (CO₂) emissions from new light-duty vehicles to drop by 30% by 2024. This resulted in manufacturers competing to come up with innovative powertrain solutions to meet these stringent standards. It is expected that adoption of advanced powertrain technologies, such as turbocharged engines and dual-clutch transmissions, will pick up. It is said over 60 % of all new vehicles may see some form of electrification in 2030.
MARKET DYNAMICS
KEY DRIVERS:
The Rise of Electrification and Hybridization
The automotive powertrain market is highly shifting towards electric and hybrid vehicles with more investment being done by the manufacturers in advanced electric powertrains, battery technologies, and hybrid systems.
New cars sold electric or hybrid, a very high share compared to those sold in 2020, estimated to be higher than 40% across the world, up 6%. That will expand the electric powertrain business to nearly USD 300 billion. Other significant investments involve battery technology as well as EV components reaching over USD100 billion every year as of 2030. For the same time frame by the end of the decade, an electric vehicle, on average, will surpass 500 miles and become considerably more appealing. Car makers continue to advance toward a more electrified fleet; meanwhile, demand for hybrid systems and high-performance batteries picks up speed, emphasizing how the automobile industry will define its future with electrification.
Navigating Stringent Emission Regulations
For long, governments around the globe have been enforcing strict emissions standards to reduce air and climate pollution. This gives an automobile company no way but to innovate and follow cleaner powertrain technologies through which growth in fuel efficiency and low-emission system development is achieved.
Demand for cleaner automotive technologies is well-driven by stringent emission regulations that help to combat climatic change and improve atmospheric quality. The U.S. Environmental Protection Agency introduced new rules forcing automakers to produce vehicles with 55 mpg as an average fuel economy in 2026, as compared with the current 40mpg target. This change is part of a broader goal to cut greenhouse gas emissions from passenger vehicles by nearly 10 billion tons over the lifetime of these vehicles. By 2032, electric or plug-in hybrid models would comprise about 67% of new cars sold in the United States. Such regulations will force an investment wave in electric powertrains and cleaner technologies. Manufacturers will be forced to come up with innovative powertrain solutions that comply with environmental standards which are evolving. With increasingly stringent emission standards, the automotive powertrain market to witness a dramatic shift toward fuel efficiency and low emissions.
RESTRAIN:
Navigating High Development and Manufacturing Costs
Higher costs of production of the battery, and new manufacturing processes would make such a transition very expensive for an automaker, especially the small ones, to get profitable in due time. The speed of innovation and the adoption of new technologies might also be slowed down.
High development and manufacturing costs of advanced powertrain technologies are expected to challenge the automotive sector through June 2024. For instance, it would cost around USD 150 per kilowatt-hour to power an electric vehicle. That is however still above their internal combustion engine counterparts for which it is estimated to come down to about USD 100 per kWh to get to price parity. The auto majors would have to spend around USD 300 billion by 2030 for the development and manufacturing of electric vehicles based on growing consumer demand and regulations. It is at this critical period that such rising costs make the smaller manufacturers disadvantageous, as they constitute just about 20% of the automotive market. In addition, the manufacturing cost of electric vehicles is 30% higher compared to traditional vehicles. This is mainly because of R&D and manufacturing costs, which deter profitability and slow the pace of innovation in cleaner automotive technologies. The financial burden of transitioning to electric and hybrid powertrains continues to be a critical restraint on the growth of the automotive powertrain market.
KEY MARKET SEGMENTS
BY PROPULSION TYPE
In 2023, the Automotive Powertrain Market was dominated by the ICE segment, which accounted for a significant revenue share of 78.30%. Automakers are now improving the ICE technologies to reduce emissions and increase efficiency. For example, Ford recently unveiled the latest EcoBoost engine series with advanced turbocharging and direct fuel injection technologies in a bid to achieve better fuel economy while maintaining strong performance. Until March 2023, the ICE segment dominated the Automotive Powertrain Market by capturing a massive share of 78% in the global market. In 2023, about 82 million ICE vehicles were sold globally. This has established that these are not being replaced at the rate they are losing market as people are beginning to gain more interest in electric vehicles.
The Electric Vehicle (EV) segment is likely to show tremendous growth. It has the fastest CAGR during the forecast period, at 13.56%. This will represent a more significant shift in consumer behavior and increased pressure from regulators to look towards more environmentally friendly alternatives in transportation. Tesla also appears to be continuing its trend of releasing a new variant latest Model Y, which features advanced battery technology to improve range and efficiency.
BY VEHICLE TYPE
Passenger Vehicle remains the biggest contributor to the Automotive Powertrain Market, with an impressive 68% market share of the total revenue generated in 2023. The growth in personal mobility needs, advanced vehicle features, and improvements in powertrain technologies were some of the reasons behind its strong performance. Most big automobile manufacturers are introducing new models or upgrading the already existing ones to meet consumer demand. For example, Toyota introduces a new Camry generation with improved hybrid technology in terms of superior fuel efficiency and reduced emissions. As of January 2024, the Passenger Vehicle segment leads the Automotive Powertrain Market, accounting for 68% of sales. In 2023, some 66 million passenger vehicles were sold worldwide, a rise of about 3 million units from last year's sales figure of 63 million units. Growth is testimony to the continuous demand from customers for personal mobility solutions; these are driven by improving powertrain technologies and other new features.
Commercial Vehicle is expanding very fast as of now with its fastest compound annual growth rate at 13.28% by the end of the forecast period. This is because freight movement and urbanization are on the rise, and logistics technologies are progressing. Ford recently launched the all-electric E-Transit van for commercial fleets aiming to save on fuel and emission costs. Another recent innovation is Mercedes-Benz's eActros, a completely electric truck designed for urban delivery, with grounds in sustainability and efficiency.
REGIONAL ANALYSIS
Asia Pacific region emerged as the dominant player in the Automotive Powertrain Market, capturing an estimated market share of approximately 48% in 2023 due to rapid industrialization, an expansive middle class, and great investments in automotive technology. The largest growth for EV adoption comes from China, which, in its own right, accounted for around 60% of the global market share selling over 6 million electric vehicles in the same period. The region also exhibited an impressive expansion of public charging infrastructure with more than 1.5 million charging points installed in the Asia Pacific to further reinforce the shift towards electric powertrains. In addition, the electric two-wheeler markets in the region further expanded with more than 30 million units sold. This was further evidence of a trend for sustainable mobility solutions. Continuation investment in battery technology and manufacturing capabilities in Asia Pacific, especially in China, Japan, and South Korea, helped maintain Asia Pacific's lead in the landscape of the automotive powertrain. With continued innovation and its expanded electric vehicle offerings, it continues to play a key role in shaping the future of the global Automotive Powertrain Market.
European region emerged as the fastest-growing market in the Automotive Powertrain sector, with an estimated CAGR of 14.10% in the forecasted period 2024-2032. There are various reasons for this high growth, including stringent emissions rules, rising demand from consumers for electric and hybrid vehicles, and enormous investment in sustainable automotive technologies. The growth has been provided by the commitment of the European Union towards reducing the greenhouse gas emission, by 55% by 2030 against 1990 levels. Such a scenario has motivated automobile companies to innovate and use cleaner powertrain technologies. Volkswagen has promised itself a top position in the manufacturing of electric cars and will invest in more than 70 new pure electric models by 2030. Its ID family of electric vehicles, including its first ID.4 SUV model, indeed found some serious marketability due to the environmentally friendly choices available.
Key players
Some of the major players in the Automotive Powertrain Market are:
BorgWarner Inc. (Turbochargers, Electric Drive Modules (EDMs))
Continental AG (Transmission Control Units (TCUs), 48V Mild Hybrid Systems)
Magna International Inc. (Electric Axle Drive Systems, Dual-Clutch Transmission Systems)
ZF Friedrichshafen AG (8-Speed Automatic Transmissions, Electric Axles)
Allison Transmission Holdings Inc. (Fully Automatic Transmissions for Trucks, Electric Axle Series (eGen Power))
Aisin Seiki Co., Ltd. (Automatic Transmissions (AT), Electric Water Pumps)
Denso Corporation (Common Rail Fuel Injection Systems, Hybrid Inverters)
GKN Automotive Limited (Electric Drive Units (eDrive), Torque Vectoring Systems)
Valeo SA (48V Electric Motors, Dual Dry Clutch Systems)
Schaeffler AG (eAxles, Centrifugal Pendulum Absorbers (CPA))
Hyundai Transys (Automatic Transmissions, Integrated Power Modules)
JATCO Ltd. (Continuously Variable Transmissions (CVTs), Hybrid Transmission Systems)
Eaton Corporation (Variable Valve Actuation Systems, Superchargers)
AVL List GmbH (Engine Control Units (ECUs), Hybrid Powertrain Systems)
Ricardo plc (Transmission Systems, Electric Drive Systems)
Marelli Holdings Co., Ltd. (Electric Compressors, Integrated Thermal Management Systems)
Mitsubishi Electric Corporation (Electric Power Steering Motors, Inverters for EVs)
NIDEC CORPORATION (Electric Motors for EVs, In-Wheel Motor Systems)
Robert Bosch GmbH (Engine Management Systems, Electric Drive Units)
RECENT TRENDS
October 2024, Horse Powertrain Limited has affirmed a novel transmission technology that helps improve the efficiency and effectiveness of electric vehicles. In this mobility project, innovation would be constructed further to support transportation throughout the entire spectrum. This is even more critical since energy management has now become all the more crucial as more automotive companies have started focusing on the production of even more electrified powertrains production for improve the capability of their vehicle and their performance.
June 2024: Aramco announced a strategic investment to acquire a 10% equity interest in Horse Powertrain Limited. The investment is part of the portfolio diversification strategy by Aramco and further expansion into the automotive powertrain sector, particularly innovative technologies that support the transition to more sustainable energy sources. The partnership will facilitate joint research and development on advanced powertrain technologies.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 908.14 Billion |
| Market Size by 2032 | US$ 2455.30 Billion |
| CAGR | CAGR of 11.8 % From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Propulsion Type (ICE (Gasoline, Diesel, Natural Gas Vehicle), Electric Vehicle (BEV, PHEV)) • By Vehicle Type (Passenger Vehicle, Commercial Vehicle) • By Sales Channel (Original Equipment Manufacturers (OEMs), Aftermarket) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
| Company Profiles | BorgWarner Inc.. Continental AG, Magna International Inc.ZF Friedrichshafen AG, Allison Transmission Holdings Inc., Aisin Seiki Co., Ltd., Denso Corporation, GKN Automotive Limited, Valeo SA, Schaeffler AG, Hyundai Transys, JATCO Ltd., Eaton Corporation, AVL List GmbH, Ricardo plc, Marelli Holdings Co., Ltd., Mitsubishi Electric Corporation, NIDEC CORPORATION, Robert Bosch GmbH |
| Key Drivers | • The Rise of Electrification and Hybridization: Transforming the Automotive Powertrain Landscape • Navigating Stringent Emission Regulations: A Catalyst for Cleaner Automotive Powertrain Technologies |
| Restraints | • Navigating High Development and Manufacturing Costs: Challenges in Advancing Automotive Powertrain Technologies |
Ans: The Automotive Powertrain Market is expected to grow at a CAGR of 11.8% during 2024-2032.
Ans: The Automotive Powertrain Market size was USD 908.14 billion in 2023 and is expected to Reach USD 2455.30 billion by 2032.
Ans: The major growth factor of the Automotive Powertrain Market is the increasing demand for fuel-efficient and low-emission vehicles driven by stricter environmental regulations.
Ans: Passenger vehicles dominated the Automotive Powertrain Market.
Ans: Asia Pacific dominated the Automotive Powertrain Market in 2023.
Table of Content
1. Introduction
1.1 Market Definition
1.2 Scope (Inclusion and Exclusions)
1.3 Research Assumptions
2. Executive Summary
2.1 Market Overview
2.2 Regional Synopsis
2.3 Competitive Summary
3. Research Methodology
3.1 Top-Down Approach
3.2 Bottom-up Approach
3.3. Data Validation
3.4 Primary Interviews
4. Market Dynamics Impact Analysis
4.1 Market Driving Factors Analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2 PESTLE Analysis
4.3 Porter’s Five Forces Model
5. Statistical Insights and Trends Reporting
5.1 Vehicle Production and Sales Volumes, 2020-2032, by Region
5.2 Emission Standards Compliance, by Region
5.3 Vehicle Technology Adoption, by Region
5.4 Consumer Preferences, by Region
5.5 Aftermarket Trends (Data on vehicle maintenance, parts, and services)
6. Competitive Landscape
6.1 List of Major Companies, By Region
6.2 Market Share Analysis, By Region
6.3 Product Benchmarking
6.3.1 Product specifications and features
6.3.2 Pricing
6.4 Strategic Initiatives
6.4.1 Marketing and promotional activities
6.4.2 Distribution and Supply Chain Strategies
6.4.3 Expansion plans and new product launches
6.4.4 Strategic partnerships and collaborations
6.5 Technological Advancements
6.6 Market Positioning and Branding
7. Automotive Powertrain Market Segmentation, By Propulsion Type
7.1 Chapter Overview
7.2 ICE
7.2.1 ICE Market Trends Analysis (2020-2032)
7.2.2 ICE Market Size Estimates and Forecasts to 2032 (USD Billion)
7.2.3 Gasoline
7.2.3.1 Gasoline Market Trends Analysis (2020-2032)
7.2.3.2 Gasoline Market Size Estimates and Forecasts to 2032 (USD Billion)
7.2.4 Diesel
7.2.4.1 Diesel Market Trends Analysis (2020-2032)
7.2.4.2 Diesel Market Size Estimates and Forecasts to 2032 (USD Billion)
7.2.5 Natural Gas Vehicle
7.2.5.1 Natural Gas Vehicle Market Trends Analysis (2020-2032)
7.2.5.2 Natural Gas Vehicle Market Size Estimates and Forecasts to 2032 (USD Billion)
7.3 Electric Vehicle
7.3.1 Electric Vehicle Market Trends Analysis (2020-2032)
7.3.2 Electric Vehicle Market Size Estimates and Forecasts to 2032 (USD Billion)
7.3.3 BEV
7.3.3.1 BEV Market Trends Analysis (2020-2032)
7.3.3.2 BEV Market Size Estimates and Forecasts to 2032 (USD Billion)
7.3.4 PHEV
7.3.4.1 PHEV Market Trends Analysis (2020-2032)
7.3.4.2 PHEV Market Size Estimates and Forecasts to 2032 (USD Billion)
8. Automotive Powertrain Market Segmentation, By Vehicle Type
8.1 Chapter Overview
8.2 Passenger Vehicle
8.2.1 Passenger Vehicle Market Trends Analysis (2020-2032)
8.2.2 Passenger Vehicle Market Size Estimates and Forecasts to 2032 (USD Billion)
8.3 Commercial Vehicle
8.3.1 Commercial Vehicle Market Trends Analysis (2020-2032)
8.3.2 Commercial Vehicle Market Size Estimates and Forecasts to 2032 (USD Billion)
9. Automotive Powertrain Market Segmentation, By Sales Channel
9.1 Chapter Overview
9.2 Original Equipment Manufacturers (OEMs)
9.2.1 Original Equipment Manufacturers (OEMs) Market Trends Analysis (2020-2032)
9.2.2 Original Equipment Manufacturers (OEMs) Market Size Estimates and Forecasts to 2032 (USD Billion)
9.3 Aftermarket
9.3.1 Aftermarket Market Trends Analysis (2020-2032)
9.3.2 Aftermarket Market Size Estimates and Forecasts to 2032 (USD Billion)
10. Regional Analysis
10.1 Chapter Overview
10.2 North America
10.2.1 Trends Analysis
10.2.2 North America Automotive Powertrain Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.2.3 North America Automotive Powertrain Market Estimates and Forecasts, By Sales Channel (2020-2032) (USD Billion)
10.2.4 North America Automotive Powertrain Market Estimates and Forecasts, By Propulsion Type (2020-2032) (USD Billion)
10.2.5 North America Automotive Powertrain Market Estimates and Forecasts, By Vehicle Type(2020-2032) (USD Billion)
10.2.6 USA
10.2.6.1 USA Automotive Powertrain Market Estimates and Forecasts, By Sales Channel (2020-2032) (USD Billion)
10.2.6.2 USA Automotive Powertrain Market Estimates and Forecasts, By Propulsion Type (2020-2032) (USD Billion)
10.2.6.3 USA Automotive Powertrain Market Estimates and Forecasts, By Vehicle Type(2020-2032) (USD Billion)
10.2.7 Canada
10.2.7.1 Canada Automotive Powertrain Market Estimates and Forecasts, By Sales Channel (2020-2032) (USD Billion)
10.2.7.2 Canada Automotive Powertrain Market Estimates and Forecasts, By Propulsion Type (2020-2032) (USD Billion)
10.2.7.3 Canada Automotive Powertrain Market Estimates and Forecasts, By Vehicle Type(2020-2032) (USD Billion)
10.2.8 Mexico
10.2.8.1 Mexico Automotive Powertrain Market Estimates and Forecasts, By Sales Channel (2020-2032) (USD Billion)
10.2.8.2 Mexico Automotive Powertrain Market Estimates and Forecasts, By Propulsion Type (2020-2032) (USD Billion)
10.2.8.3 Mexico Automotive Powertrain Market Estimates and Forecasts, By Vehicle Type(2020-2032) (USD Billion)
10.3 Europe
10.3.1 Eastern Europe
10.3.1.1 Trends Analysis
10.3.1.2 Eastern Europe Automotive Powertrain Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.3.1.3 Eastern Europe Automotive Powertrain Market Estimates and Forecasts, By Sales Channel (2020-2032) (USD Billion)
10.3.1.4 Eastern Europe Automotive Powertrain Market Estimates and Forecasts, By Propulsion Type (2020-2032) (USD Billion)
10.3.1.5 Eastern Europe Automotive Powertrain Market Estimates and Forecasts, By Vehicle Type(2020-2032) (USD Billion)
10.3.1.6 Poland
10.3.1.6.1 Poland Automotive Powertrain Market Estimates and Forecasts, By Sales Channel (2020-2032) (USD Billion)
10.3.1.6.2 Poland Automotive Powertrain Market Estimates and Forecasts, By Propulsion Type (2020-2032) (USD Billion)
10.3.1.6.3 Poland Automotive Powertrain Market Estimates and Forecasts, By Vehicle Type(2020-2032) (USD Billion)
10.3.1.7 Romania
10.3.1.7.1 Romania Automotive Powertrain Market Estimates and Forecasts, By Sales Channel (2020-2032) (USD Billion)
10.3.1.7.2 Romania Automotive Powertrain Market Estimates and Forecasts, By Propulsion Type (2020-2032) (USD Billion)
10.3.1.7.3 Romania Automotive Powertrain Market Estimates and Forecasts, By Vehicle Type(2020-2032) (USD Billion)
10.3.1.8 Hungary
10.3.1.8.1 Hungary Automotive Powertrain Market Estimates and Forecasts, By Sales Channel (2020-2032) (USD Billion)
10.3.1.8.2 Hungary Automotive Powertrain Market Estimates and Forecasts, By Propulsion Type (2020-2032) (USD Billion)
10.3.1.8.3 Hungary Automotive Powertrain Market Estimates and Forecasts, By Vehicle Type(2020-2032) (USD Billion)
10.3.1.9 Turkey
10.3.1.9.1 Turkey Automotive Powertrain Market Estimates and Forecasts, By Sales Channel (2020-2032) (USD Billion)
10.3.1.9.2 Turkey Automotive Powertrain Market Estimates and Forecasts, By Propulsion Type (2020-2032) (USD Billion)
10.3.1.9.3 Turkey Automotive Powertrain Market Estimates and Forecasts, By Vehicle Type(2020-2032) (USD Billion)
10.3.1.10 Rest of Eastern Europe
10.3.1.10.1 Rest of Eastern Europe Automotive Powertrain Market Estimates and Forecasts, By Sales Channel (2020-2032) (USD Billion)
10.3.1.10.2 Rest of Eastern Europe Automotive Powertrain Market Estimates and Forecasts, By Propulsion Type (2020-2032) (USD Billion)
10.3.1.10.3 Rest of Eastern Europe Automotive Powertrain Market Estimates and Forecasts, By Vehicle Type(2020-2032) (USD Billion)
10.3.2 Western Europe
10.3.2.1 Trends Analysis
10.3.2.2 Western Europe Automotive Powertrain Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.3.2.3 Western Europe Automotive Powertrain Market Estimates and Forecasts, By Sales Channel (2020-2032) (USD Billion)
10.3.2.4 Western Europe Automotive Powertrain Market Estimates and Forecasts, By Propulsion Type (2020-2032) (USD Billion)
10.3.2.5 Western Europe Automotive Powertrain Market Estimates and Forecasts, By Vehicle Type(2020-2032) (USD Billion)
10.3.2.6 Germany
10.3.2.6.1 Germany Automotive Powertrain Market Estimates and Forecasts, By Sales Channel (2020-2032) (USD Billion)
10.3.2.6.2 Germany Automotive Powertrain Market Estimates and Forecasts, By Propulsion Type (2020-2032) (USD Billion)
10.3.2.6.3 Germany Automotive Powertrain Market Estimates and Forecasts, By Vehicle Type(2020-2032) (USD Billion)
10.3.2.7 France
10.3.2.7.1 France Automotive Powertrain Market Estimates and Forecasts, By Sales Channel (2020-2032) (USD Billion)
10.3.2.7.2 France Automotive Powertrain Market Estimates and Forecasts, By Propulsion Type (2020-2032) (USD Billion)
10.3.2.7.3 France Automotive Powertrain Market Estimates and Forecasts, By Vehicle Type(2020-2032) (USD Billion)
10.3.2.8 UK
10.3.2.8.1 UK Automotive Powertrain Market Estimates and Forecasts, By Sales Channel (2020-2032) (USD Billion)
10.3.2.8.2 UK Automotive Powertrain Market Estimates and Forecasts, By Propulsion Type (2020-2032) (USD Billion)
10.3.2.8.3 UK Automotive Powertrain Market Estimates and Forecasts, By Vehicle Type(2020-2032) (USD Billion)
10.3.2.9 Italy
10.3.2.9.1 Italy Automotive Powertrain Market Estimates and Forecasts, By Sales Channel (2020-2032) (USD Billion)
10.3.2.9.2 Italy Automotive Powertrain Market Estimates and Forecasts, By Propulsion Type (2020-2032) (USD Billion)
10.3.2.9.3 Italy Automotive Powertrain Market Estimates and Forecasts, By Vehicle Type(2020-2032) (USD Billion)
10.3.2.10 Spain
10.3.2.10.1 Spain Automotive Powertrain Market Estimates and Forecasts, By Sales Channel (2020-2032) (USD Billion)
10.3.2.10.2 Spain Automotive Powertrain Market Estimates and Forecasts, By Propulsion Type (2020-2032) (USD Billion)
10.3.2.10.3 Spain Automotive Powertrain Market Estimates and Forecasts, By Vehicle Type(2020-2032) (USD Billion)
10.3.2.11 Netherlands
10.3.2.11.1 Netherlands Automotive Powertrain Market Estimates and Forecasts, By Sales Channel (2020-2032) (USD Billion)
10.3.2.11.2 Netherlands Automotive Powertrain Market Estimates and Forecasts, By Propulsion Type (2020-2032) (USD Billion)
10.3.2.11.3 Netherlands Automotive Powertrain Market Estimates and Forecasts, By Vehicle Type(2020-2032) (USD Billion)
10.3.2.12 Switzerland
10.3.2.12.1 Switzerland Automotive Powertrain Market Estimates and Forecasts, By Sales Channel (2020-2032) (USD Billion)
10.3.2.12.2 Switzerland Automotive Powertrain Market Estimates and Forecasts, By Propulsion Type (2020-2032) (USD Billion)
10.3.2.12.3 Switzerland Automotive Powertrain Market Estimates and Forecasts, By Vehicle Type(2020-2032) (USD Billion)
10.3.2.13 Austria
10.3.2.13.1 Austria Automotive Powertrain Market Estimates and Forecasts, By Sales Channel (2020-2032) (USD Billion)
10.3.2.13.2 Austria Automotive Powertrain Market Estimates and Forecasts, By Propulsion Type (2020-2032) (USD Billion)
10.3.2.13.3 Austria Automotive Powertrain Market Estimates and Forecasts, By Vehicle Type(2020-2032) (USD Billion)
10.3.2.14 Rest of Western Europe
10.3.2.14.1 Rest of Western Europe Automotive Powertrain Market Estimates and Forecasts, By Sales Channel (2020-2032) (USD Billion)
10.3.2.14.2 Rest of Western Europe Automotive Powertrain Market Estimates and Forecasts, By Propulsion Type (2020-2032) (USD Billion)
10.3.2.14.3 Rest of Western Europe Automotive Powertrain Market Estimates and Forecasts, By Vehicle Type(2020-2032) (USD Billion)
10.4 Asia Pacific
10.4.1 Trends Analysis
10.4.2 Asia Pacific Automotive Powertrain Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.4.3 Asia Pacific Automotive Powertrain Market Estimates and Forecasts, By Sales Channel (2020-2032) (USD Billion)
10.4.4 Asia Pacific Automotive Powertrain Market Estimates and Forecasts, By Propulsion Type (2020-2032) (USD Billion)
10.4.5 Asia Pacific Automotive Powertrain Market Estimates and Forecasts, By Vehicle Type(2020-2032) (USD Billion)
10.4.6 China
10.4.6.1 China Automotive Powertrain Market Estimates and Forecasts, By Sales Channel (2020-2032) (USD Billion)
10.4.6.2 China Automotive Powertrain Market Estimates and Forecasts, By Propulsion Type (2020-2032) (USD Billion)
10.4.6.3 China Automotive Powertrain Market Estimates and Forecasts, By Vehicle Type(2020-2032) (USD Billion)
10.4.7 India
10.4.7.1 India Automotive Powertrain Market Estimates and Forecasts, By Sales Channel (2020-2032) (USD Billion)
10.4.7.2 India Automotive Powertrain Market Estimates and Forecasts, By Propulsion Type (2020-2032) (USD Billion)
10.4.7.3 India Automotive Powertrain Market Estimates and Forecasts, By Vehicle Type(2020-2032) (USD Billion)
10.4.8 Japan
10.4.8.1 Japan Automotive Powertrain Market Estimates and Forecasts, By Sales Channel (2020-2032) (USD Billion)
10.4.8.2 Japan Automotive Powertrain Market Estimates and Forecasts, By Propulsion Type (2020-2032) (USD Billion)
10.4.8.3 Japan Automotive Powertrain Market Estimates and Forecasts, By Vehicle Type(2020-2032) (USD Billion)
10.4.9 South Korea
10.4.9.1 South Korea Automotive Powertrain Market Estimates and Forecasts, By Sales Channel (2020-2032) (USD Billion)
10.4.9.2 South Korea Automotive Powertrain Market Estimates and Forecasts, By Propulsion Type (2020-2032) (USD Billion)
10.4.9.3 South Korea Automotive Powertrain Market Estimates and Forecasts, By Vehicle Type(2020-2032) (USD Billion)
10.4.10 Vietnam
10.4.10.1 Vietnam Automotive Powertrain Market Estimates and Forecasts, By Sales Channel (2020-2032) (USD Billion)
10.4.10.2 Vietnam Automotive Powertrain Market Estimates and Forecasts, By Propulsion Type (2020-2032) (USD Billion)
10.4.10.3 Vietnam Automotive Powertrain Market Estimates and Forecasts, By Vehicle Type(2020-2032) (USD Billion)
10.4.11 Singapore
10.4.11.1 Singapore Automotive Powertrain Market Estimates and Forecasts, By Sales Channel (2020-2032) (USD Billion)
10.4.11.2 Singapore Automotive Powertrain Market Estimates and Forecasts, By Propulsion Type (2020-2032) (USD Billion)
10.4.11.3 Singapore Automotive Powertrain Market Estimates and Forecasts, By Vehicle Type(2020-2032) (USD Billion)
10.4.12 Australia
10.4.12.1 Australia Automotive Powertrain Market Estimates and Forecasts, By Sales Channel (2020-2032) (USD Billion)
10.4.12.2 Australia Automotive Powertrain Market Estimates and Forecasts, By Propulsion Type (2020-2032) (USD Billion)
10.4.12.3 Australia Automotive Powertrain Market Estimates and Forecasts, By Vehicle Type(2020-2032) (USD Billion)
10.4.13 Rest of Asia Pacific
10.4.13.1 Rest of Asia Pacific Automotive Powertrain Market Estimates and Forecasts, By Sales Channel (2020-2032) (USD Billion)
10.4.13.2 Rest of Asia Pacific Automotive Powertrain Market Estimates and Forecasts, By Propulsion Type (2020-2032) (USD Billion)
10.4.13.3 Rest of Asia Pacific Automotive Powertrain Market Estimates and Forecasts, By Vehicle Type(2020-2032) (USD Billion)
10.5 Middle East and Africa
10.5.1 Middle East
10.5.1.1 Trends Analysis
10.5.1.2 Middle East Automotive Powertrain Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.5.1.3 Middle East Automotive Powertrain Market Estimates and Forecasts, By Sales Channel (2020-2032) (USD Billion)
10.5.1.4 Middle East Automotive Powertrain Market Estimates and Forecasts, By Propulsion Type (2020-2032) (USD Billion)
10.5.1.5 Middle East Automotive Powertrain Market Estimates and Forecasts, By Vehicle Type(2020-2032) (USD Billion)
10.5.1.6 UAE
10.5.1.6.1 UAE Automotive Powertrain Market Estimates and Forecasts, By Sales Channel (2020-2032) (USD Billion)
10.5.1.6.2 UAE Automotive Powertrain Market Estimates and Forecasts, By Propulsion Type (2020-2032) (USD Billion)
10.5.1.6.3 UAE Automotive Powertrain Market Estimates and Forecasts, By Vehicle Type(2020-2032) (USD Billion)
10.5.1.7 Egypt
10.5.1.7.1 Egypt Automotive Powertrain Market Estimates and Forecasts, By Sales Channel (2020-2032) (USD Billion)
10.5.1.7.2 Egypt Automotive Powertrain Market Estimates and Forecasts, By Propulsion Type (2020-2032) (USD Billion)
10.5.1.7.3 Egypt Automotive Powertrain Market Estimates and Forecasts, By Vehicle Type(2020-2032) (USD Billion)
10.5.1.8 Saudi Arabia
10.5.1.8.1 Saudi Arabia Automotive Powertrain Market Estimates and Forecasts, By Sales Channel (2020-2032) (USD Billion)
10.5.1.8.2 Saudi Arabia Automotive Powertrain Market Estimates and Forecasts, By Propulsion Type (2020-2032) (USD Billion)
10.5.1.8.3 Saudi Arabia Automotive Powertrain Market Estimates and Forecasts, By Vehicle Type(2020-2032) (USD Billion)
10.5.1.9 Qatar
10.5.1.9.1 Qatar Automotive Powertrain Market Estimates and Forecasts, By Sales Channel (2020-2032) (USD Billion)
10.5.1.9.2 Qatar Automotive Powertrain Market Estimates and Forecasts, By Propulsion Type (2020-2032) (USD Billion)
10.5.1.9.3 Qatar Automotive Powertrain Market Estimates and Forecasts, By Vehicle Type(2020-2032) (USD Billion)
10.5.1.10 Rest of Middle East
10.5.1.10.1 Rest of Middle East Automotive Powertrain Market Estimates and Forecasts, By Sales Channel (2020-2032) (USD Billion)
10.5.1.10.2 Rest of Middle East Automotive Powertrain Market Estimates and Forecasts, By Propulsion Type (2020-2032) (USD Billion)
10.5.1.10.3 Rest of Middle East Automotive Powertrain Market Estimates and Forecasts, By Vehicle Type(2020-2032) (USD Billion)
10.5.2 Africa
10.5.2.1 Trends Analysis
10.5.2.2 Africa Automotive Powertrain Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.5.2.3 Africa Automotive Powertrain Market Estimates and Forecasts, By Sales Channel (2020-2032) (USD Billion)
10.5.2.4 Africa Automotive Powertrain Market Estimates and Forecasts, By Propulsion Type (2020-2032) (USD Billion)
10.5.2.5 Africa Automotive Powertrain Market Estimates and Forecasts, By Vehicle Type(2020-2032) (USD Billion)
10.5.2.6 South Africa
10.5.2.6.1 South Africa Automotive Powertrain Market Estimates and Forecasts, By Sales Channel (2020-2032) (USD Billion)
10.5.2.6.2 South Africa Automotive Powertrain Market Estimates and Forecasts, By Propulsion Type (2020-2032) (USD Billion)
10.5.2.6.3 South Africa Automotive Powertrain Market Estimates and Forecasts, By Vehicle Type(2020-2032) (USD Billion)
10.5.2.7 Nigeria
10.5.2.7.1 Nigeria Automotive Powertrain Market Estimates and Forecasts, By Sales Channel (2020-2032) (USD Billion)
10.5.2.7.2 Nigeria Automotive Powertrain Market Estimates and Forecasts, By Propulsion Type (2020-2032) (USD Billion)
10.5.2.7.3 Nigeria Automotive Powertrain Market Estimates and Forecasts, By Vehicle Type(2020-2032) (USD Billion)
10.5.2.8 Rest of Africa
10.5.2.8.1 Rest of Africa Automotive Powertrain Market Estimates and Forecasts, By Sales Channel (2020-2032) (USD Billion)
10.5.2.8.2 Rest of Africa Automotive Powertrain Market Estimates and Forecasts, By Propulsion Type (2020-2032) (USD Billion)
10.5.2.8.3 Rest of Africa Automotive Powertrain Market Estimates and Forecasts, By Vehicle Type(2020-2032) (USD Billion)
10.6 Latin America
10.6.1 Trends Analysis
10.6.2 Latin America Automotive Powertrain Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.6.3 Latin America Automotive Powertrain Market Estimates and Forecasts, By Sales Channel (2020-2032) (USD Billion)
10.6.4 Latin America Automotive Powertrain Market Estimates and Forecasts, By Propulsion Type (2020-2032) (USD Billion)
10.6.5 Latin America Automotive Powertrain Market Estimates and Forecasts, By Vehicle Type(2020-2032) (USD Billion)
10.6.6 Brazil
10.6.6.1 Brazil Automotive Powertrain Market Estimates and Forecasts, By Sales Channel (2020-2032) (USD Billion)
10.6.6.2 Brazil Automotive Powertrain Market Estimates and Forecasts, By Propulsion Type (2020-2032) (USD Billion)
10.6.6.3 Brazil Automotive Powertrain Market Estimates and Forecasts, By Vehicle Type(2020-2032) (USD Billion)
10.6.7 Argentina
10.6.7.1 Argentina Automotive Powertrain Market Estimates and Forecasts, By Sales Channel (2020-2032) (USD Billion)
10.6.7.2 Argentina Automotive Powertrain Market Estimates and Forecasts, By Propulsion Type (2020-2032) (USD Billion)
10.6.7.3 Argentina Automotive Powertrain Market Estimates and Forecasts, By Vehicle Type(2020-2032) (USD Billion)
10.6.8 Colombia
10.6.8.1 Colombia Automotive Powertrain Market Estimates and Forecasts, By Sales Channel (2020-2032) (USD Billion)
10.6.8.2 Colombia Automotive Powertrain Market Estimates and Forecasts, By Propulsion Type (2020-2032) (USD Billion)
10.6.8.3 Colombia Automotive Powertrain Market Estimates and Forecasts, By Vehicle Type(2020-2032) (USD Billion)
10.6.9 Rest of Latin America
10.6.9.1 Rest of Latin America Automotive Powertrain Market Estimates and Forecasts, By Sales Channel (2020-2032) (USD Billion)
10.6.9.2 Rest of Latin America Automotive Powertrain Market Estimates and Forecasts, By Propulsion Type (2020-2032) (USD Billion)
10.6.9.3 Rest of Latin America Automotive Powertrain Market Estimates and Forecasts, By Vehicle Type(2020-2032) (USD Billion)
11. Company Profiles
11.1 BorgWarner Inc.
11.1.1 Company Overview
11.1.2 Financial
11.1.3 Products/ Services Offered
11.1.4 SWOT Analysis
11.2 Continental AG
11.2.1 Company Overview
11.2.2 Financial
11.2.3 Products/ Services Offered
11.2.4 SWOT Analysis
11.3 Magna International Inc.
11.3.1 Company Overview
11.3.2 Financial
11.3.3 Products/ Services Offered
11.3.4 SWOT Analysis
11.4 ZF Friedrichshafen AG
11.4.1 Company Overview
11.4.2 Financial
11.4.3 Products/ Services Offered
11.4.4 SWOT Analysis
11.5 Allison Transmission Holdings Inc.
11.5.1 Company Overview
11.5.2 Financial
11.5.3 Products/ Services Offered
11.5.4 SWOT Analysis
11.6 Aisin Seiki Co., Ltd.
11.6.1 Company Overview
11.6.2 Financial
11.6.3 Products/ Services Offered
11.6.4 SWOT Analysis
11.7 Denso Corporation
11.7.1 Company Overview
11.7.2 Financial
11.7.3 Products/ Services Offered
11.7.4 SWOT Analysis
11.8 GKN Automotive Limited
11.8.1 Company Overview
11.8.2 Financial
11.8.3 Products/ Services Offered
11.8.4 SWOT Analysis
11.9 Valeo SA
11.9.1 Company Overview
11.9.2 Financial
11.9.3 Products/ Services Offered
11.9.4 SWOT Analysis
11.10 Schaeffler AG
11.10.1 Company Overview
11.10.2 Financial
11.10.3 Products/ Services Offered
11.10.4 SWOT Analysis
12. Use Cases and Best Practices
13. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
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MARKET SEGMENTATION
By Propulsion Type
ICE
Gasoline
Diesel
Natural Gas Vehicle
Electric Vehicle
BEV
PHEV
By Vehicle Type
Passenger Vehicle
Commercial Vehicle
By Sales Channel
Original Equipment Manufacturers (OEMs)
Aftermarket
Request for Segment Customization as per your Business Requirement: Segment Customization Request
REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of the Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest Of Latin America
Request for Country Level Research Report: Country Level Customization Request
Available Customization
With the given market data, SNS Insider offers customization as per the company’s specific needs. The following customization options are available for the report:
Product Analysis
Criss-Cross segment analysis (e.g. Product X Application)
Product Matrix which gives a detailed comparison of product portfolio of each company
Geographic Analysis
Additional countries in any of the regions
Company Information
Detailed analysis and profiling of additional market players (Up to five)
The Automotive Collision Repair Market size is expected to reach USD 229.85 Bn by 2032 and is valued at USD 197.51 Bn in 2023, the CAGR is anticipated to be over 1.7% over the forecast period of 2024-2032.
The Forklift Market Size was valued at USD 65.20 billion in 2023 and is expected to reach $202.19 billion by 2032 and grow at a CAGR of 13.4% by 2024-2032
The Automotive Seats Market size was valued at USD 53.45 Billion in 2023 and is expected to reach USD 60.21 Billion by 2031. And grow at a CAGR of 1.5% over the forecast period of 2024-2031.
All-Terrain Vehicle (ATV) Engines Market Size was valued at USD 4.46 billion in 2023 and is expected to reach USD 5.87 billion by 2032 and grow at a CAGR of 3.1% over the forecast period 2024-2032.
The Advanced Tires Market Size was valued at USD 1.28 billion in 2023 and is expected to reach USD 3.78 billion by 2031 and grow at a CAGR of 14.5% over the forecast period 2024-2031.
The E-Scooter Sharing Market Size was valued at USD 1.29 billion in 2023 and will reach USD 6.17 billion by 2032 and grow at a CAGR of 19% by 2024-2032
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