Automotive Electric Drivetrain System Market growing at a CAGR of 5.98 percent approximately in the forecast period. Automotive Electric Drivetrain System Market segment analyzed by Type (All-Wheel Drive, Rear Wheel Drive, Front Wheel Drive), Electric Vehicle Drivetrain Type (BEV, PHEV, HEV), Vehicle Type (Passenger car and Commercial Vehicle) and Region.
Automotive Electric Drivetrain System Market Prominent players in the global industry that are included in the report are Aisin Seiki Co., Ltd. (Japan), American Axle & Manufacturing, Inc. (U.S.), GKN plc. (U.S.), Magna International Inc. (Canada), BorgWarner Inc. (U.S.), Dana Holding Corporation (U.S.), JTEKT Corporation (Japan), TM4 (Canada), Magtec (U.K.), Delphi Automotive LLP (U.K), Visedo (Finland), Parker Hannifin Corp (U.S.), Punch Powertrain Nv (Belgium), AVTEC LTD (India), AxleTech International SAS (U.S.).
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Factors such as an upsurge in the sales of electric driven vehicle and amplified fuel efficiency of vehicles are contributing in a major way to the development of the market in the forecast period. The drivetrain market is also expected to contribute indirectly to the growth of the automotive electric drivetrain systems. The consumer demand for better fuel efficiency in vehicles is also anticipated to develop the market to a great degree in the duration of the forecast period.
The shift to electrification from manual transmission is one of the biggest changes in the automotive industry. The automotive drivetrain is the component of the vehicle that includes drive shafts, wheel, axles, U Joints, CV joints, and transmission. All the parts of the drivetrain are responsible for providing transmission so as to move the wheels of the vehicle forward. In other words, it transfers power to the wheels of the vehicle. The driveshaft is the long steel structure in tubular form that is linked with the gearbox of the vehicle to provide the rotary movement in the wheel. Universal joint is the main component that allows the wheel to move in different angles.
The automotive electric drivetrain system market is segmented based on vehicle type, electric drivetrain types, types, and region. On the basis of type, the market as consists of rear wheel drive, all-wheel drive, and front wheel drive. The all-wheel drive is likely to observe the highest growth rate in the course of the forecast period since it provides power to the vehicles. The electric drivetrain type segment of the market comprises of PHEV, BEV, and, HEV. Battery Electric Vehicle (BEV) is estimated to lead the automotive electric drivetrain market since the battery electric vehicle has low vehicle price and reduces emission. The vehicle type segment of the market consists of commercial vehicle and passenger car.
On the basis of regions, the market is segmented based on North America, Asia Pacific, Europe, and Rest of the World. The Asia Pacific region is expected to dominate the drivetrain market due to the increase in the production of vehicle.
The Asia Pacific region is mainly dominated by front wheel vehicle segment because of its ability to provide better fuel efficiency and performance. In Asia Pacific, the front wheel drive exists mainly in the passenger cars that are drive by families. In addition to this, automotive manufacturers are developing different technologies to provide better efficiency in all-wheel-drive (AWD).
In China and India, AWD is expected to dominate the market, in the future because of the introduction of compact crossovers, which provide a sport utility feature to the vehicle. Europe is expected to be the second largest region in this market. According to European Commission, most automotive manufacturers are working to develop cutting-edge hybrid, electric and fuel cell technology for vehicles that can provide better efficiency. This will drive the growth of the market in Europe.
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Table Of Contents:
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.2 Research Objective
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Threat Of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power Of Buyers
3.2 Value Chain/Supply Chain Analysis
4 Market Dynamics
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
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