Automotive Drivetrain Market

Automotive Drivetrain Market

Growth Factors of Automotive Drivetrain Market

The global automotive drivetrain market size was valued at USD 231.20 billion in 2023 and is projected to grow from USD 252.16 billion in 2024 to USD 430.37 billion by 2032, exhibiting a CAGR of 6.9% during the forecast period of 2024-2032.

The movement throughout the automotive drivetrain market was slowed because of supply chain shutdowns and curtailment because of the pandemic, a reduction in purchaser demand and financial instability that hindered automotive drivetrain market growth.

Factors that have been increasing the Automotive Drivetrain Market include the increasing popularity of improved automobile universal performance, the rise in electric and hybrid cars, and technological improvements in the drivetrain systems. Also, creating consumer chances to increase the effective use of natural gas and tangible fun-on-road leisure time contributes to the market's evolution.

Advanced transmission technologies have significantly improved contemporary motors' driving enjoy and gas efficiency. Dual-clutch transmissions provide an unbroken and rapid moving experience, similar to a guide transmission, but without the need for motive force entry. This results in quicker acceleration and progress in the gasoline economic system, expanding the automotive drivetrain market share globally. On the other hand, continuously variable transmissions (CVTs) provide a straightforward and linear acceleration, optimising engine efficiency. While CVTs have historically faced concerns about sturdiness and overall performance, current improvements have addressed those problems, making them an excellent choice for many automobiles.

Comprehensive Analysis of Automotive Drivetrain Market

The Automotive Drivetrain Market is segmented into force types and vehicle kinds. By force kind, the marketplace consists of Front Wheel Drive (FWD), Rear Wheel Drive (RWD), and All Wheel Drive (AWD). FWD is projected to lead due to its value performance, area financial savings, and gas economic system. RWD stays popular in sports activities and luxury cars for its weight stability and performance, while AWD is gaining traction for its improved balance and traction, especially in electric cars. The marketplace covers passenger automobiles, commercial vehicles, and electric cars by car kind. Passenger automobiles dominate because of growing urbanisation and commuting needs. The commercial automobile segment is expanding with a focus on AWD for heavier vehicles, and the electrical automobile phase is developing because of advances in electric-powered drivetrains and environmental worries.

The Asia Pacific region led the medical devices market by benefitting a size of USD 97.78 billion in 2023 due to its anticipated rapid growth; the location is predicted to turn out to be the quickest-growing place at some point in the projected period.

The leading players in the automotive drivetrain market significantly influence its growth trajectory and set industry standards. These key players, including Aisin Seki Co., Ltd. (Japan), Magna International Inc. (Canada), ZF Friedrichshafen AG (Germany), Dana Limited (U.S.), American Axle & Manufacturing, Inc. (U.S.), Schaeffler AG (Germany), BorgWarner Inc. (U.S.), GKN Automotive (U.K.), Suzhou Inovance Automotive Co., Ltd. (China), and JTEKT Corporation (Japan), contribute to a competitive landscape, driving innovation and market advancement.

In March 2024, Subaru and Aisin, another Toyota Group affiliated firm, are developing a new technology drivetrain. This new EV drivetrain, developed with Aisin, could be lightweight compact and optimised to meet Subaru’s brand’s tough, year-round utilisation of necessities.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Growth Rate CAGR of 6.9% from 2024 to 2032

Unit Value (USD billion), Volume (Units)

Segmentation By Drive Type

- FWD

- RWD

- AWD

By Vehicle Type

- Passenger Cars

- Commercial Vehicles

- Electric Vehicle

By Region

- North America (By Drive Type and By Vehicle Type)

• U.S. (By Vehicle Type)
• Canada (By Vehicle Type)
• Mexico (By Vehicle Type)

- Europe ( By Drive Type and By Vehicle Type )

• U.K. (By Vehicle Type)
• Germany (By Vehicle Type)
• France (By Vehicle Type)
• Rest of Europe (By Vehicle Type)

- Asia Pacific (By Drive Type and By Vehicle Type )

• China (By Vehicle Type)
• Japan (By Vehicle Type)
• India (Vehicle Type)
• Rest of Asia Pacific (By Vehicle Type)

- Rest of the World ( By Drive Type and By Vehicle Type )