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Global Automotive Electric Drivetrain System Market Growth (Status and Outlook) 2024-2030
Product Code:793074
Published Date: Jan 02,2024
Pages: 106
Region: Global
Category: Automobile & Transportation
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According to our LPI (LP Information) latest study, the global Automotive Electric Drivetrain System market size was valued at US$ million in 2023. With growing demand in downstream market, the Automotive Electric Drivetrain System is forecast to a readjusted size of US$ million by 2030 with a CAGR of % during review period.
The research report highlights the growth potential of the global Automotive Electric Drivetrain System market. Automotive Electric Drivetrain System are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Automotive Electric Drivetrain System. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Automotive Electric Drivetrain System market.
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. Axle is the connected shaft between the wheels and the drive system and provides the transmission power to the wheel for making it rotate. Drivetrain is also called powertrain train. The only difference is that the powertrain consists of whole system that provides power to the wheels while drivetrain consists of components that link the driveline and wheel. In future, electric drivetrain will replace manual transmission drivetrain because of its better efficiency and environment friendliness.
Automotive is a key driver of this industry. According to data from the World Automobile Organization (OICA), global automobile production and sales in 2017 reached their peak in the past 10 years, at 97.3 million and 95.89 million respectively. In 2018, the global economic expansion ended, and the global auto market declined as a whole. In 2022, there will wear units 81.6 million vehicles in the world. At present, more than 90% of the world's automobiles are concentrated in the three continents of Asia, Europe and North America, of which Asia automobile production accounts for 56% of the world, Europe accounts for 20%, and North America accounts for 16%. The world major automobile producing countries include China, the United States, Japan, South Korea, Germany, India, Mexico, and other countries; among them, China is the largest automobile producing country in the world, accounting for about 32%. Japan is the world's largest car exporter, exporting more than 3.5 million vehicles in 2022.
Key Features:
The report on Automotive Electric Drivetrain System market reflects various aspects and provide valuable insights into the industry.
Market Size and Growth: The research report provide an overview of the current size and growth of the Automotive Electric Drivetrain System market. It may include historical data, market segmentation by Type (e.g., All-Wheel Drive, Rear Wheel Drive), and regional breakdowns.
Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Automotive Electric Drivetrain System market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.
Competitive Landscape: The research report provides analysis of the competitive landscape within the Automotive Electric Drivetrain System market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.
Technological Developments: The research report can delve into the latest technological developments in the Automotive Electric Drivetrain System industry. This include advancements in Automotive Electric Drivetrain System technology, Automotive Electric Drivetrain System new entrants, Automotive Electric Drivetrain System new investment, and other innovations that are shaping the future of Automotive Electric Drivetrain System.
Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Automotive Electric Drivetrain System market. It includes factors influencing customer ' purchasing decisions, preferences for Automotive Electric Drivetrain System product.
Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Automotive Electric Drivetrain System market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Automotive Electric Drivetrain System market. The report also evaluates the effectiveness of these policies in driving market growth.
Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Automotive Electric Drivetrain System market.
Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Automotive Electric Drivetrain System industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.
Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Automotive Electric Drivetrain System market.
Market Segmentation:
Automotive Electric Drivetrain System market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of value.
Segmentation by type
All-Wheel Drive
Rear Wheel Drive
Front Wheel Drive
Segmentation by application
Passenger Car
Commercial Vehicle
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Aisin Seiki
GKN
Magna International
BorgWarner
Dana Holding
JTEKT
Magtec
Delphi Automotive
Visedo
Parker Hannifin
Punch Powertrain
AVTEC
AxleTech International
RELATED REPORTS
- 21
Feb
2021
According to this latest study, the 2021 growth of Automotive Electric Drivetrain System will have significant change from previous year. By the most conservative estimates of global Automotive Electric Drivetrain System market size (most likely outcome) will be a year-over-year revenue growth rate of XX% in 2021, from US$ 183940 million in 2020. Over the next five years the Automotive Electric Drivetrain System market will register a 3.5% CAGR in terms of revenue, the global market size will reach US$ 211220 million by 2026.
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