Automotive Electric Drivetrain System Market 2018 Industry Research Report – Global Forecast to 2023, is latest research report on Global Automotive Electric Drivetrain System Market published by Market Research Future. Report provides comprehensive information on Automotive Electric Drivetrain System Market forecast, historic data, with business development strategies, upcoming opportunities, and regional outlook. Global Automotive Electric Drivetrain System Market Research Report - Forecast to 2023” - Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.
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Automotive Electric Drivetrain System Market Highlights:
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 automotive electric drivetrain system market is segmented based on types, electric drivetrain types, vehicle type, and region. On the basis of type, the market as segmented as all-wheel drive, rear wheel drive, and front wheel drive. The all wheel drive is expected to witness the highest growth during the forecast period because it provides power to all the vehicles. Front-wheel-drive is expected to be the second largest market because it provides fuel efficiency and reduces emission of carbon dioxide. In case of rear wheel drive, all the power is transmitted to the rear wheel, and there is no power in the front wheels which makes it less efficient. On the basis of electric drivetrain type, the market is segmented based on BEV, PHEV, and, HEV. Battery Electric Vehicle (BEV) is expected to dominate the automotive electric drivetrain market because the battery electric vehicle has low vehicle cost and reduce emission. The increase in the sale of electric vehicle, will result in the growth of battery electric vehicle, which will drive the growth of electric drivetrains in battery electric vehicles.
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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