The Global Automotive Powertrain Market was worth US$ 873.15 billion in 2022 and is anticipated to reach a valuation of US$ 1292.99 billion by 2028 and is predicted to register a CAGR of 8.17% during 2023-2028.

Each essential component of a car's motor where gasoline is burned is called the powertrain. The motor, transmission, differentials, drive shafts, and final drive are among these components. The powertrain that propels the car generates this kinetic energy.

The main factors influencing the entire vehicle powertrain market are the strict outflow criteria, growing interest in an automatic transmission, and emerging downsizing motor patterns. Due to rising vehicle production and growing environmental awareness, it is predicted that the global market for vehicle powertrains would approach USD 650 billion in the next years.

Market Drivers and Restraints:

Growing demands for comfort, security, and performance are becoming a major concern in the automotive industry. Manufacturers are increasingly integrating powertrains in the cars to produce power in the motor, ignite acceleration, gain footing, and have a high towing capacity. Also, the auto industry's manufacturers are focusing on integrating the vehicle's actuators and sensors for an improved transmission system. Interest in car powertrains as a whole will continue to be stoked by a rise in demand for enhanced transmission frameworks. The burden of government regulations pertaining to carbon dioxide emissions will also continue to have a significant impact on the growth of the global vehicle powertrain market.

The global automotive powertrain market, nevertheless, is predicted to be hindered by poor client willingness to spend extra for a practical powertrain framework and high speculation costs associated with the framework. Moreover, strict emission rules in certain countries might serve as a test for the demand.

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The report is segmented as follows:

The Automotive Powertrain Market is segmented by Vehicle Type; the Market is segmented by Drive Type; the Market is segmented by Type:

By Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles)

By Drive Type (Front Wheel Drive Powertrain, Rear Wheel Drive Powertrain, All Wheel Drive Powertrain)

By Type (Gasoline, Diesel)

Regional Segmentation:

The powertrain industry is expected to be dominated by North America because of the region's focus on luxury and comfort, which has led to the adoption of AWD vehicles over FWD and RWD there. The Automotive Powertrain Market in this area is driven by the spike in interest in automatic transmissions and growing car deals. In this area, Level 1 provider is well-represented. Similarly to this, automakers like Toyota, Hyundai, and Honda, who are leaders in the automotive powertrain market across the board, also have a presence in this market. Manufacturers in this field are aiming to reduce the overall load of the vehicle as outflow regulations get harsher in countries like China, Japan, and India. Because of the aforementioned factors, it is anticipated that the APAC region will exhibit the highest growth rate throughout the predicted period, supporting the Automotive Powertrain Market.

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Impact of the COVID-19 pandemic on the market:

Nearly every industry has been hit by the unprecedented global public health disaster known as COVID-19, and its long-term effects are likely to restrain industrial growth for the duration of the forecast period. Market dynamics, competition, and international supply chains have all been altered by Covid-19.

Similar to how other manufacturing sectors saw a gradual decline in sales and revenue in 2020, the construction sector was severely impacted by COVID-19 due to capital limitations brought on by lockdowns and postponed construction projects. The market for test automation systems for engine dynamometers was affected by the pandemic when several automakers stopped investing in R&D and scaled back production.

Automotive test equipment may see faster growth in the post-COVID-19 scenario as a result of the auto industry's resumed output. This might be ascribed to the escalating rules relating to GHG emissions from automobiles. The market for automotive powertrain dynamometers would benefit from the rising energy-saving movements and legislation affecting autos.

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