Automotive Powertrain Market 2023-2032 With Strategic Trends Growth, Revenue, Demand & Future Potential Of Industry


Posted June 19, 2023 by Rajeevthakur

Automotive powertrain delivers power to the vehicle with the help of multiple components working together. Power is generated by engine and then transferred to axles through transmission.*

 
Automotive powertrain delivers power to the vehicle with the help of multiple components working together. Power is generated by engine and then transferred to axles through transmission. Powertrain components consist of engine, transmission, differentials, and driveshaft. In a wider sense, the powertrain includes all of the components used to transform stored energy into kinetic energy for propulsion purposes. Powertrain is a vital in vehicle operation as without it, the vehicle could experience a breakdown. With rise in production of vehicles, the automotive powertrain market is increasing significantly.

COVID-19 scenario analysis:
The novel coronavirus is escalating threat on economies around the world. Besides the shutdown of industries has impacted in revenue generation and recession.
Additionally, due to the impact of COVID-19 and the implication of strict physical distancing norms will anticipate considerable decrease in use of public transport.
Moreover, the production of automotive powertrain market has been stopped due to lockdown and supply chain has been disrupted.
With consumer preference shifting toward essential items, sales of new vehicles will drop significantly.
However, shared mobility concept will stop and consumer will prefer cost-effective and eco-friendly mobility solution. This will increase the consumer preference toward hybrid vehicle due to its cost-effectiveness and eco-friendliness factors. This will surge the automotive powertrain market growth.

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The automotive powertrain market trends are as follows:

Electric powertrain
With rising number of electric vehicles forecasted in coming years, the demand for E-powertrain will boost. The e-Powertrain eliminates the need for an internal combustion engine. E-powertrain consist of inverter, high-power electric motor, reduction drive and power delivery module (PDM). In 2018, BMW unveiled its new i-lineup, powered by plug-in hybrid as well as electric powertrain.

Increasing adoption of 4-wheel drive
In the 4WD (Four-wheel drive), the engine sends power to the transmission, which is then split into the front and wheel axles. The torque gets transferred to the all wheels simultaneously. 4WD is highly advantageous on off-road driving. Additionally, has greater torque which can pull heavy loads at slow speeds. Moreover, when the roads are muddy, the 4WD is extremely effective. Most luxury SUVs are equipped with 4WD nowadays

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Key benefits of the report:

This study presents the analytical depiction of the automotive powertrain industry along with the current trends and future estimations to determine the imminent investment pockets.
The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the market share.
The current market is quantitatively analyzed to highlight the market growth scenario.
Porterโ€™s five forces analysis illustrates the potency of buyers & suppliers in the market.
The report provides a detailed automotive powertrain market analysis based on competitive intensity and how the competition will take shape in coming years.

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Issued By Rajeev Thakur
Country United States
Categories Automotive , Transportation
Tags automotive powertrain market demand , automotive powertrain market share , automotive powertrain market size
Last Updated June 19, 2023