The report of Automotive Electric Drivetrain System Market by Type (Rear wheel drive, All-wheel drive, and Front wheel drive), Electric drivetrain type (PHEV, BEV, and, HEV), Vehicle Type (Commercial vehicle and Passenger car), and Region (North America, Asia Pacific, Europe, South America, and Middle East & Africa) is expected to reach US$ XX Mn by 2027, at a CAGR of XX% during the forecast period.
Stringent regulations for emission, rise in the sales of the electric driven vehicle, and increased fuel efficiency of vehicles are the factors that are answerable for the growth of the automotive electric drivetrain market. All over the world, governments are considering supporting the transition to electric vehicles. The International Energy Agency has taken a great initiative in support of the electric vehicle so as to control the emission from vehicles that can damage the environment. The increase in the sale of the electric vehicle will lead to a rise in the sale of drivetrain, which will indirectly result in the growth of the drivetrain market. The electric drivetrain provides better efficiency, attributable to which there will be an increase in the use of electric drivetrain in all types of vehicles. All the above factors will result in the growth of the electric drivetrain system market.
According to the type segment, the All-wheel drive is expected to hold the largest market share of XX% of the global market during the forecast period, as it provides power to all the vehicles. Front-wheel-drive is expected to be the second-largest market because it provides fuel efficiency and decreases the emission of carbon dioxide. In the case of rear-wheel drive, all the power is transmitted to the rear wheel, and there is no power in the front wheels which makes it less efficient.
Region-wise, the Asia Pacific region is expected to control the drivetrain market, because of the rise in the production of vehicles. The Asia Pacific region is usually controlled by the front-wheel vehicle segment, due to its capability to deliver better-quality fuel efficiency and performance. In the Asia Pacific region, the front-wheel-drive occurs mostly in the passenger cars that are driven by families. Along with this, the automotive manufacturers are increasing several technologies to deliver better efficiency in all-wheel-drive (AWD). In India and China, AWD is expected to lead the market in the future, thanks to the introduction of compact crossovers, which will make available a sports utility feature to the vehicle. Furthermore, Europe is expected to be the second-largest region in the automotive electric drivetrain market. According to the European Commission, most automotive manufacturers are working to improve cutting-edge hybrid, electric and fuel cell technology for vehicles that can provide better efficiency. This will drive the growth of the market in Europe.
Key players operating in the Automotive Electric Drivetrain System Market are GKN plc, TM4, Magna International Inc., BorgWarner Inc., JTEKT Corporation, AxleTech International SAS, Punch Powertrain Nv, Aisin Seiki Co., Ltd., Dana Holding Corporation, American Axle & Manufacturing, Inc., Delphi Automotive LLP, Magtec, Visedo, Parker Hannifin Corp, and AVTEC LTD.
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the Global Automotive Electric Drivetrain System Market. The report encompasses the market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the Global Automotive Electric Drivetrain System Market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain Global Automotive Electric Drivetrain System Market positioning of competitors.
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