Global Automotive Drivetrain Market Growth 2023-2029

Global Automotive Drivetrain Market Growth 2023-2029

Automotive drivetrains includes components which transfer power to the driving wheels of the vehicles. The drivetrain system includes the drive shafts, the wheels, the axles, the U joints, the CV joints, and the transmission of a vehicle. All these components which form a part of the drivetrain system are responsible for transmitting power or torque to the wheels to make the vehicle move forward. Drive shafts are long tubular steel structures which are linked to the transmission or gear box of a vehicle and helps in the rotary movement of the wheels. Universal joints or U joints are flexible pivots which transmits power to the wheels in a way which allows the wheels to move in varying angles. Similarly, constant velocity joints or CV joints are also part of the drive shafts. These joints can bend in any direction while allowing the wheels to move at a constant velocity. Axles are single rotating shafts which delivers power from the final drive assembly to the wheels. Transmissions are responsible for transmitting power from the engine to the drive shaft and the rear wheels. Therefore, the functions of all these components comprise the functions of a drivetrain, where transmission of power forms the integral part of the function of the system. Drivetrains are also sometimes referred to as powertrain or driveline. Powertrain comprises everything that is responsible for the vehicle’s movement while the driveline includes everything that comes in between the engine of the vehicle and its wheels. The difference between powertrain, driveline and the drivetrain lies in the absence of engine in a drivetrain.

LPI (LP Information)' newest research report, the “Automotive Drivetrain Industry Forecast” looks at past sales and reviews total world Automotive Drivetrain sales in 2022, providing a comprehensive analysis by region and market sector of projected Automotive Drivetrain sales for 2023 through 2029. With Automotive Drivetrain sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Automotive Drivetrain industry.

This Insight Report provides a comprehensive analysis of the global Automotive Drivetrain landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Automotive Drivetrain portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Automotive Drivetrain market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Automotive Drivetrain and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Automotive Drivetrain.

The global Automotive Drivetrain market size is projected to grow from US$ 143890 million in 2022 to US$ 170920 million in 2029; it is expected to grow at a CAGR of 170920 from 2023 to 2029.

The All-Wheel Drive (AWD) market, in terms of value, is estimated to grow at the highest CAGR from 2018 to 2023. As AWD systems provide higher power and better control and traction, most Sports Utility Vehicles (SUVs) are equipped with these systems.

This report presents a comprehensive overview, market shares, and growth opportunities of Automotive Drivetrain market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
AWD
FWD
RWD

Segmentation by application
Passenger car
LCV
HCV

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Aisin Seiki
American Axle
Borgwarner
GKN
ZF
Magna
Dana
JTEKT
Showa
Schaeffler

Key Questions Addressed in this Report

What is the 10-year outlook for the global Automotive Drivetrain market?

What factors are driving Automotive Drivetrain market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Automotive Drivetrain market opportunities vary by end market size?

How does Automotive Drivetrain break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.