Global Automotive Drivetrain Market is valued approximately USD 229.8 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 6.18% over the forecast period 2019-2026. Automotive drivetrains comprise of elements that transmit power to the driving wheels of the vehicles. The drivetrain system involves the wheels, drive shafts, the axles, the U joints, the CV joints, and the transmission of a vehicle. All these components that create a part of the drivetrain system are accountable for transmitting torque or power to the wheels to make the vehicle move ahead. Increasing sales and production of vehicles is one of the crucial factors towards market growth. According to the International Organization of Motor Vehicle Manufacturers (OICA), worldwide car production increased to 73.4 million units in 2017 as compared to 72.1 million units in 2016. Furthermore, the worldwide commercial vehicle production increased to 25.13 billion in 2018 from 23.84 billion in 2017 as per OICA. Further,
growing demand for comfort & safety in vehicles coupled with increasing need for better acceleration, traction, & towing capabilities in vehicles are further contributing towards market growth. Furthermore, integration of electronics in drivetrains is expected to create significant growth opportunity in the market over the forecast period. However, fluctuations in raw material prices impedes the growth of the market over the forecast period of 2019-2026.
The regional analysis of global Automotive Drivetrain market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the growing demand for comfort and safety in vehicles. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2019-2026. Factors such as development in the vehicle production, increasing usage of electric vehicles and strict government regulations would create lucrative growth prospects for the Automotive Drivetrain market across Asia-Pacific region.
Major market player included in this report are:
Aisin Seiki Co., Ltd.
American Axle & Manufacturing, Inc.
ZF Friedrichshafen AG
Magna International Inc.
Dana Holding Corporation
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Vehicle Type:
Light Commercial Vehicles
Heavy Commercial Vehicles
Heavy Commercial Vehicles: Trucks
Heavy Commercial Vehicles: Buses
By Drive Type:
Front Wheel Drive
Rear Wheel Drive
By Electric Vehicle Type:
Battery Electric Vehicles
Plug-In Hybrid Electric Vehicles
Hybrid Electric Vehicles
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2016, 2017
Base year – 2018
Forecast period – 2019 to 2026
Target Audience of the Global Automotive Drivetrain Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers