Global Powertrain Market

Global Powertrain Market to Represent a Value of US$365.6 bn and by 2020
A report from Transparency Market Research, titled Global Powertrain Market - Global
Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020,” provides the
latest market intelligence. According to the report, the global powertrain market is projected
to expand at a CAGR of 5.30% during the forecast period from 2014 to 2020. In 2013, the
global powertrain market was worth around US$365.6 bn and by 2020, the market is
projected to be worth US$524.6 bn.
A powertrain system forms one of the key, primary components of a vehicle. The powertrain
features all of the components that generate power for the vehicle and transmit the same to
the wheels, allowing the vehicle to move. The components of a powertrain system include
transmission, drive shafts, engine, final drive, and differentials. Furthermore, the overall
performance of the vehicle and its fuel economy depend on the attributes of the powertrain
system.
The global powertrain market is driven by the growing demand for environment-friendly
vehicles, stringent government regulations, and the technological advancement in
powertrain systems to improve fuel efficiency. On the other hand, the global powertrain
system market is suppressed by the elevated cost of powertrain systems. Moreover, the
global powertrain system market will also be challenged by the trend of oligopolistic
powertrain suppliers.
Broadly, the global powertrain market is segmented by component, vehicle type, and
geography. On the basis of component, the global powertrain market is segmented into final
drive, differentials, drive shafts, transmission, and engine. By vehicle type, the global
powertrain market is divided into farm tractors, defense vehicles, off-road vehicles, HCVs,
ICVs, LCVs, cars, and construction equipment.
According to region, the global powertrain market is classified into Asia Pacific, Europe,
North America, and Rest of the World (RoW). Presently, Asia Pacific is one of the most
lucrative regions in the global powertrain market. The elevated demand for automobiles in
Asia Pacific is projected to drive this regional market. In APAC economies such as China,
India, and Japan, the production of a huge number of vehicles is positively impacting the
powertrain systems market. Other factors driving the APAC powertrain market are the
growing consumption expenditure and upgradation of automobile powertrain systems.
Moreover, the ongoing infrastructure development in APAC will also drive the automotive
market, in turn driving the powertrain market.
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The RoW region followed APAC in terms of market attractiveness in the global powertrain
market. The presence of the UAE and Brazil has led to considerable growth of the
powertrain market in RoW due to the elevated demand for automobiles in these economies.
Nevertheless, Europe still continues to be the largest market for powertrains due to the
presence of elite automobile brands such as Volkswagen, Mercedes, and BMW in this
region.
Players in the global powertrain market will benefit by investing in market opportunities
such as hybrid powertrain systems. Moreover, companies can also capitalize on the
opportunity presented by the rising demand for noiseless and eco-friendly powertrain
systems. Players can also focus on developing powertrain systems capable of functioning on
alternative fuels. The key players profiled in the global powertrain market are Continental
AG, Hyundai Motor Company, ZF Friedrichshafen, Valeo, Ford Motor Company, Magna
International, and General Motors Company.
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A report from Transparency Market Research, titled Global Powertrain Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020,” provides the latest market intelligence. According to the report, the global powertrain market is projected to expand at a CAGR of 5.30% during the forecast period from 2014 to 2020. In 2013, the global powertrain market was worth around US$365.6 bn and by 2020, the market is projected to be worth US$524.6 bn.

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