The global automotive drivetrain market is projected to grow at a CAGR of 6.18% during the forecast period, to reach USD 278.57 Billion by 2021 from an estimated USD 206.43 Billion in 2016. As drivetrain is an essential part of a vehicle, the growth of the drivetrain market is primarily triggered by the increasing production of automobiles. Other factors attributing to the growth of this market are wide acceptance of technologically advanced drivetrain systems offering beneficial features such as increased fuel economy and improved vehicle performance. However, factors such as high cost of the AWD systems and increasing prices of fuel are restraining

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Research Methodology

The research methodology used in the report involves primary and secondary sources. Secondary sources include associations such as the Society of Indian Automobile Manufacturers (SIAM), Korea Automobile Manufacturers Association (KAMA), International Energy Agency (IEA), and China Association of Automobile Manufacturers (CAAM) and directories such as Factiva and Bloomberg. In the primary research stage, experts from related industries, manufacturers, and suppliers have been interviewed to understand the present situation and future trends of the market. The automotive drivetrain market, in terms of volume (‘000 units) and value (USD million/billion), for various regions, vehicle types, and drive types has been derived. The OEM prices of drivetrain components have been verified through primary sources.

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Cost reduction will be a challenge in this market. A drivetrain includes expensive components, such as transmissions, clutch/torque convertors, and differentials. In case of transmissions, AT is very expensive and reducing their cost is a huge challenge for Tier 1 suppliers. The cost reduction of these systems is largely based on new technology and innovations for cheaper products and the actions of stakeholders, such as the car industry, governments, and consumers. Considering all these facts, reducing the cost of a drivetrain is a challenge for automobile manufacturers.

The automotive drivetrain market ecosystem consists of drivetrain component suppliers such as Aisin Seki Co., Ltd. (Japan) and American Axle & Manufacturing, Inc. (U.S.), which supply drivetrains to automotive OEMs such as Nissan (Japan), Tata Motors (India), Chevrolet (U.S.), and Volkswagen AG (Germany).

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