Global Automotive Drivetrain Market hit USD 411.17 billion by 2026, Top Players-BorgWarner Inc., Melrose Industries PLC, Magna International Inc., Dana Limited., JTEKT Corporation.
Global Automotive Drivetrain Market report aids strengthen organization and make better decisions for steering the business on the right track. While generating Global Automotive Drivetrain Market, research and analysis has been performed with one step or the combination of several steps depending upon the business and client necessities. The rise in market value is generally pointed towards the rising growth of the applicable industries and the subsequent rise in demand of applications.
Market Analysis: Global Automotive Drivetrain Market
Global automotive drivetrain market is expected to rise to an estimated value of USD 411.17 billion by 2026, registering a substantial CAGR in the forecast period of 2019-2026.
Key Market Competitors:
Few of the major competitors currently working in the automotive drivetrain market are-AISIN SEIKI Co., Ltd., American Axle & Manufacturing, Inc., BorgWarner Inc., Melrose Industries PLC, Magna International Inc., Dana Limited., JTEKT Corporation., Schaeffler Technologies AG & Co. KG., ZF Friedrichshafen AG, SHOWA Corporation., UNIVANCE CORPORATION, Meritor, Inc., TREMEC., HYUNDAI TRANSYS., Eaton., AVTEC, Robert Bosch GmbH, DENSO CORPORATION., Continental AG, Magna International Inc., TM4, Yasa Limited amongst others.
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Market Definition: Global Automotive Drivetrain Market
A drivetrain is a bundle of components that facilitate power to the vehicles driving wheels, and include all those components which are responsible for the movement of engine. The drivetrain consists of driveshaft, transmission, wheels, and axles. The function of the drivetrain is to combine the engine which further provides power to driving wheels through the transmission. It excludes the engine, but it however works in synchrony with the engine to move the wheels of the vehicle.
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Table of Contents:
Chapter 1: Study Coverage
Chapter 2: Executive Summary
Chapter 3: Market Size-by Manufacturers
Chapter 4: Production-by Regions
Chapter 5: Consumption-by Regions
Chapter 6: Market Size-by Type
Chapter 7: Market Size-by Application
Chapter 8: Manufacturers Profiles
Chapter 9: Production Forecasts
Chapter 10: Consumption Forecast
Chapter 11: Upstream, Industry Chain and Downstream Customers Analysis
Chapter 12: Opportunities & Challenges, Threat and Affecting Factors
Chapter 13: Key Findings
Chapter 14: Appendix
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Segmentation: Global Automotive Drivetrain Market
- By Vehicle Type (Passenger Vehicles, LCV, HCV),
- By Electric Vehicle Type (BEV, HEV, PHEV),
- By Drive Type (AWD, FWD, RWD),
- By Engine Location (Front Location, Rear Location),
- By Engine Types (Gasoline, Diesel),
- By Transmission (Manual Transmission, Automatic Transmission, Continuous Variable Transmission, Automated Manual Transmission, Dual Clutch Transmission),
- By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)
Key Developments in the Market:
In March, 2019, ZF Friedrichshafen AG, global leader in automotive components enters into an agreement to acquire WABCO, a leading global distributor of technologies and services that raise the safety, efficiency and connectivity of commercial vehicles. With this agreement, they both together would be a global pioneer in integrated mobility systems provider for commercial vehicles, expanding the customer base of ZF Friedrichshafen AG.
In April 2017, American Axle and Manufacturing, Inc. acquired Metaldyne Performance Group Inc. (MPG), manufacturer and seller of components of powertrain and automotive drivetrain. This acquisition would help in expanding the scale of the business and efficiently satisfy customer needs. MPG will operate as a wholly-owned subsidiary after this acquisition is finalized.
Global automotive drivetrain market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of automotive drivetrain market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
- Rising demand for comfort and safety in vehicles is another major driver for the automotive drivetrain market during the forecast period
- The rise in the production of vehicles also acts as a driver for the growth of the drivetrain market
- The rise in the usage of electric vehicles would drive the sales for the automotive drivetrain
- Rising demand for vehicles with enhanced features like increased acceleration, traction, & towing capabilities
- Increasing demand for lightweight driveshaft in the manufacturing of automobiles, resulting in increased fuel efficiency enhance the growth of this market
Key Insights in the report:
- Complete and distinct analysis of the market drivers and restraints
- Key market players involved in this industry
- Detailed analysis of the market segmentation
- Competitive analysis of the key players involved
Reasons to Purchase this Report:
- Current and future of Global Automotive Drivetrain Market outlook in the developed and emerging markets
- The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
- Regions/Countries that are expected to witness the fastest growth rates during the forecast period
- The latest developments, market shares, and strategies that are employed by the major market players
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