Report
Description
A recent market intelligence report that is published by Data
Insights Partner on Automotive Powertrain Components Market makes an offering of in-depth analysis of segments and
sub-segments in the regional and international ABC Market. The research
study also emphasizes on the impact of restraints, drivers, and macro
indicators on the regional and world Automotive Powertrain Components Market over the short as well as long period of time. A
detailed presentation of forecast, trends, and dollar values of international Automotive
Powertrain Components Market is offered.
Market
Insights:
In accordance with the report, the Automotive Powertrain
Components Market is projected to expand at a CAGR of X.X% over the period of forecast. The global Automotive Powertrain Components
Market was valued at USD XX.X Mn in 2021 and is expected to reach USD XX.X Mn
in 2031, growing with a significant CAGR rate during the forecast period. As
the demand for fuel-efficient and high-performance automobiles grows, the
worldwide automotive powertrain industry is expected to rise at a rapid rate.
The demand for high-tech powertrains has risen dramatically in order to fulfil
increasingly rigorous pollution standards. The growing trend of downsizing
engines and the rising demand for automated transmission are some of the key
factors driving the automotive powertrain market globally. The robust
performance of the automotive powertrain systems market has been attributed to
a number of factors, including increased global vehicle production, increased demand
for passenger vehicles, and increased awareness of ecologically friendly
automobile solutions. These market drivers are projected to play a significant
impact in determining market size in the future. Businesses in the global
automotive powertrain systems market face a number of constraints and
challenges. The high cost of vehicle powertrain systems is one of the major
stumbling blocks. If organisations do not have adequate financial backing and
support, the complexity may increase even further. Another market constraint is
the restricted availability of an efficient and technically skilled staff. In a
global market system, these limitations stifle the expansion of layers. In the
global automotive powertrain systems market, there are several opportunities
that industry participants may take advantage of in the future. The primary
market opportunity is tied to the growing demand for passenger cars and other
autos. Aside from that, the development in fuel-efficient and environmentally
friendly vehicles has opened up new chances for worldwide industry players.
Businesses must take advantage of these opportunities in order to gain a larger
part of the market in the future. By 2020, Asia Pacific is expected to be the
world's largest powertrain market in terms of value. The increasing number of
vehicles being produced, as well as the increasing penetration of passenger
automobiles in emerging countries, are both important factors contributing to
the growth of the powertrain industry in this region.
Research
Methodology:
To compile
the detailed study of the global Automotive
Powertrain Components market, a robust research methodology has been adopted
that aids in determining the key insights and also evaluates the growth
prospects of the Automotive Powertrain Components Market.
Comprehensive and iterative research methodology focused on minimizing deviance
in order to provide the most accurate estimates and forecast possible. The
company utilizes a combination of bottom-up and top-down approaches for
segmenting and estimating quantitative aspects of the market. Our research
methodology implements a mix of primary as well as secondary research. Our
projects are initiated with secondary research, where we refer to a variety of
sources including trade databases; government published documents, investor
presentations, company annual reports, Industrial papers, and paid databases. To
carry out secondary research, the analysts have collected the information
through company annual reports, journals, company press releases, and paid
databases that were referred to gain and identify better opportunities in the Automotive Powertrain Components Market.
COVID-19
Scenario Analysis:
The COVID-19
outbreak has shaken the whole economy in the world. In this scenario some
industries are doing quite well while others have been crushed. This section of
the report has explored the overall status of the COVID-19 scenario. The
industry witnessed a huge decline in terms of sales. Likewise, the Automotive Powertrain Components market was
affected negatively due to the shutdown of manufacturing/processing facilities
for some time. The analysts have also focused on the key measures that the
companies are opting to withstand the harsh scenario.
Segment
Covered:
Automotive Powertrain Components Market report has been segmented By Vehicle Type, By Drive
Type, By Engine Type also includes the market size and forecast for all these
segments. Compounded annual growth rates for all segments have also been
provided for 2021 to 2031. This report is a compilation of first-hand
information, qualitative and quantitative assessment by industry analysts,
inputs from industry experts and industry participants across the value chain.
Key Segments:
Automotive Powertrain Components Market research report includes an in-depth coverage of the
industry with estimates & forecast from 2019 to 2031, for the following
segments:
Automotive
Powertrain Components Market, By Vehicle Type, 2021-2031 (USD Million)
- Passenger
Cars
- Heavy
Commercial Vehicles
- Light
Commercial Vehicles
Automotive
Powertrain Components Market, By Drive Type, 2021-2031 (USD Million)
- Front
Wheel Drive
- Rear
Wheel Drive
- All-Wheel
Drive
Automotive
Powertrain Components Market, By Engine Type, 2021-2031 (USD Million)
Report
Highlights:
The prime objective of the Automotive
Powertrain Components market report is to
help the user understand the market in terms of its definition, segmentation,
market potential, influential trends, and the challenges that the market is
facing with different major regions and more than 30 major countries across the
globe. During the report's production, extensive research and analysis were
conducted. This research will assist readers in gaining a thorough
understanding of the market.
Automotive
Powertrain Components Market, By Region, 2021-2031 (USD Million)
·
North America (
United States, Canada, Mexico)
·
Europe
(Germany, UK, France, Italy, Russia, Spain, and Rest of Europe)
·
South Asia (
India, Pakistan and Bangladesh)
·
East Asia
(China, Japan and South Korea)
·
South East Asia
(Indonesia, Thailand, Singapore, Malaysia, Rest of SE Asia)
·
Middle East
(Turkey, Saudi Arabia, Iran, UAE, Israel, Iraq, Qatar, Rest of MEA)
·
Africa
(Nigeria, South Africa, Egypt, Algeria, Rest of Africa)
·
South America
(Brazil, Argentina, Colombia, Chile, and Rest of SA)
·
Oceania
(Australia and New Zealand)
Companies
Profiled:
To enhance their position in the global
market, key suppliers/manufacturers are concentrating on business expansion and
product innovation. Manufacturers/producers are also working on boosting their
manufacturing capacity and product quality to gain a competitive advantage. The
following are some of the prominent manufacturers in the worldwide Automotive
Powertrain Components market:
·
Eaton
Corporation
·
Convertech,
Inc.
·
RSB Group
·
American Axle
& Manufacturing Holdings, Inc.
·
IFA Rotorion
- Holding GmbH
·
Dana Incorporated
·
GKN plc
·
Guansheng
automobile parts manufacture co., ltd.
·
NEAPCO
·
NTN Bearing
Corporation
·
Shou Chi
Industry Co.
·
Zhejiang
Feizhou Vehicle Industry Co ,.Ltd
·
Others
Automotive
Powertrain Components Market Report Highlights:
·
Detailed
analysis of the parent market
·
Key
players' strategies and products supplied in the competitive landscape
·
Market
segmentation in depth analysis
·
Market
size in terms of volume and value, past, present, and future scenario
·
Potential
and specialty areas, as well as geographical regions with promising growth
prospects
·
Market
players use this information to maintain and expand their market presence, thus
it's important to have an unbiased perspective on market performance.