Global Automotive Drivetrain Market 2024-2028
Global Automotive Drivetrain Market 2024-2028
The automotive drivetrain market is forecasted to grow by USD 75.5 bn during 2023-2028, accelerating at a CAGR of 6.75% during the forecast period. The report on the automotive drivetrain market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increase in demand for commercial vehicles, increasing demand for passenger cars, and increasing demand for comfort and safety for vehicles.
Technavio's automotive drivetrain market is segmented as below:
By Application
- Forward wheel drive
- Rear wheel drive
- All wheel drive
By Vehicle Type
- Passenger car
- Commercial vehicle
By Geographical Landscape
- APAC
- Europe
- North America
- South America
- Middle East and Africa
This study identifies the increasing demand for luxury vehicles as one of the prime reasons driving the automotive drivetrain market growth during the next few years. Also, increasing product launches by vendors and integration of electronics in drivetrain will lead to sizable demand in the market.
The report on the automotive drivetrain market covers the following areas:
- Automotive drivetrain market sizing
- Automotive drivetrain market forecast
- Automotive drivetrain market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading automotive drivetrain market vendors that include American Axle and Manufacturing Holdings Inc., BorgWarner Inc., Continental AG, Dana Inc., JTEKT Corp., Magna International Inc., Melrose Industries Plc, Mitsubishi Corp., Nidec Corp., Robert Bosch GmbH, Schaeffler AG, and ZF Friedrichshafen AG. Also, the automotive drivetrain market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.