Automotive Electric Drivetrain System Market to Earn USD 256 Billion in Revenues By 2023

Pune, India, July, 2018 /press release/- Market Research Future Published a Half Cooked Research Report on Global Automotive Electric Drivetrain System Market Research Report. Automotive Electric Drivetrain System Market – Overview

The use of manual transmission has dipped considerably in the past few years to give way to electrification. Market focused reports linked with the automobile industry among others recently have been made available by Market Research Future which issues reports on this industry. The market is projected to earn USD 256 billion by 2023 while growing at a CAGR of 5.98 percent approximately in the forecast period.

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.

Industry Segments

The automotive electric drivetrain system market is segmented based on vehicle type, electric drivetrain types, types, and region. On the basis of type, the market as consists of rear wheel drive, all-wheel drive, and front wheel drive. The all-wheel drive is likely to observe the highest growth rate in the course of the forecast period since it provides power to the vehicles. The electric drivetrain type segment of the market comprises of PHEV, BEV, and, HEV.  Battery Electric Vehicle (BEV) is estimated to lead the automotive electric drivetrain market since the battery electric vehicle has low vehicle price and reduces emission. The vehicle type segment of the market consists of commercial vehicle and passenger car.

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Detailed

Regional Analysis

The regions included in the regional analysis of the market consists of Asia Pacific, North America, Europe, and Rest of the World. The Asia Pacific region is anticipated to control the drivetrain market owing to the rise in the production of vehicles. The Asia Pacific region is typically controlled by the front wheel vehicle segment because of its capability to deliver improved fuel efficiency and performance. In the Asia Pacific region, the front wheel drive occurs mainly in the passenger cars that are driven by families. In addition to this, the automotive manufacturers are increasing various technologies to deliver improved efficiency in all-wheel-drive (AWD). In India and China, AWD is anticipated to lead the market, in the future due to the introduction of compact crossovers, which will make available a sports utility feature to the vehicle. The European region is foreseen to be the next biggest region in this market. As most automotive manufacturers are working to advance cutting-edge hybrid, electric and fuel cell technology for vehicles that can deliver better efficiency will fuel the development of the market in the European region.

Global Competitive Analysis

The stimulus for the market’s growth has changed the competitive backdrop of the market. By making certain supply and demand are in balance, the competitors can reveal new opportunities for growth. The prominent trends and players have led to a positive tone for development. The important trends and players have established a positive tone for development. The prospects for growth and innovation have amplified at a rapid pace transforming the market. Engaging and converting prospective opportunities is modifying the growth pace of the market considerably. The competitors in the market have been encouraged to plan strategic road-maps that capitalize on the positive market cues.

The noteworthy contenders in the market are GKN plc. (U.S.), TM4 (Canada), Magna International Inc. (Canada), BorgWarner Inc. (U.S.),  JTEKT Corporation (Japan), AxleTech International SAS (U.S.).Punch Powertrain Nv (Belgium), Aisin Seiki Co., Ltd. (Japan), Dana Holding Corporation (U.S.),  American Axle & Manufacturing, Inc. (U.S.), Delphi Automotive LLP (U.K), Magtec (U.K.), Visedo (Finland), Parker Hannifin Corp (U.S.) and AVTEC LTD (India).

Industry Updates:

June 2018 The global leader in advanced high-efficiency zero emissions plug-in hybrid and electric vehicle drivetrain solutions, Efficient Drivetrains, Inc. of late announced the launch of its EDI PowerDrive 6000ev. The system has already been included into significant OEM platforms and is a perfect fit for the port, logistics, and utility vehicle applications.