Automotive Powertrain Systems Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Automotive Powertrain Systems Market is segmented by Component Type (Engine, Transmission, Differentials, and Driveshaft), Vehicle Type (Passenger Cars and Commercial Vehicles), Wheel Drive (Front-wheel Drive, Rear-wheel Drive, and All-wheel Drive), and Geography.

Market Snapshot

Automotive Dashboard Market_Overview
Study Period: 2018 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: Asia Pacific
CAGR: >5 %

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Market Overview

The automotive powertrain systems market is anticipated to register a CAGR of over 5% during the forecast period, 2020-2025.

  • A powertrain system is one of the main components of an automobile. A powertrain comprises all the components that produce power for the vehicle and transfer simultaneously to the wheels, thereby, enabling vehicle movement.
  • The components of the powertrain system include engine, transmission, differentials, and driveshafts. The overall performance of the vehicle and its efficiency depends on the properties of the powertrain system.
  • The market growth can be attributed to the firm government regulations, growing demand for eco-friendly vehicles, and the technological improvements in powertrain systems to enhance the overall efficiency.
  • The primary reasons contributing to the growth of the powertrain market in the region are the increasing vehicle production and the surge of passenger cars penetration in the region.
  • The introduction of stringent emission regulations in the European and North American countries has increased the demand for superior powertrains, which are lightweight, and hence, help in increasing fuel economy, decreasing emissions, and improving vehicle performance.

Scope of the report

The automotive powertrain systems market is segmented by component type (engine, transmission, differentials, and driveshaft), vehicle type (passenger cars and commercial vehicles), wheel drive (front-wheel drive, rear-wheel drive, and all-wheel drive), and geography.

The scope of the report includes:

Component Type
Engine
Transmission
Differentials
Driveshaft
Vehicle Type
Passenger Cars
Commercial Vehicles
Wheel Drive
Front-wheel Drive
Rear-wheel Drive
All-wheel Drive
Geography
North America
United States
Canada
Rest of North America
Europe
Germany
United Kingdom
France
Russia
Rest of Europe
Asia-Pacific
India
China
Japan
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
United Arab Emirates
Saudi Arabia
Rest of Middle East & Africa

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Key Market Trends

All-wheel Drive to Gain Traction

To boost the traction and control of the vehicle, power in the all-wheel-drive systems is transmitted to all the wheels. The system dispenses the torque equally to all the wheels, especially when turning, giving the automobile more grip and traction.

Currently, the AWD system is also introduced in small passenger cars and hybrid vehicles, which have been leading in the growth of the market studied. Earlier this system was only available in high-end cars. Emerging regions, like China and Japan, have been seeing an increase in the purchasing power of consumers, which has led to an increased demand for luxury and high-end vehicles with the automotive all-wheel-drive market in the Asia-Pacific region.

Although, one big constraint for the increase of the luxury automobiles and the AWD systems is the drop-off in the Chinese automobile market. Improved safety, stability, fuel efficiency, and drive control are some of the factors, which may accelerate the automotive all-wheel drive the market growth.

Many players, like Audi, Honda, Mercedes-Benz, Toyota, Hyundai, and BMW, have joined, and few other manufacturers are set to join this booming segment in India. Though the number of sport utility vehicles featuring all-wheel drive systems is limited in the emerging markets, their numbers may grow rapidly in the future. The all-wheel drive in sports utility vehicles segment may see a highest rate of growth in the segment, on account of higher sales and interest in the segment.

Automotive Powertrain Systems Market_Wheel Drive

Asia-Pacific Holds a Significant Share

The Asia-Pacific region had the largest powertrain market in terms of value. The primary reasons contributing to the growth of the powertrain market in the region are the increasing vehicle production and the surge of passenger car penetration in the region. The growth of the market studied has increased the cost of powertrain systems, which is one of the major restraints.

The increasing demand for luxury cars in the regions, such as Europe and Asia-Pacific, is expected to drive the market studied. Sustainable growth in the all-wheel-drive systems market is expected to largely depend on upcoming regulations in various countries. The growing demand for AWD equipped vehicle from the Asia-Pacific region is anticipated to increase the demand for the all-wheel-drive system market. The Asia-Pacific region has been witnessing rapid growth in sales of new vehicles equipped with powertrain systems, which has been in demand. The increase in the use of all-wheel drive in SUVs from this region has supported the growth of the market. The Asia-Pacific region is likely to boost the demand for the all-wheel-drive system market. In 2019, the total vehicles sold across the world were 89.36 million units, representing a 4.9% decline in the total sales as compared to 2018. Although there has been a decrease in vehicles sold in 2019 and the first quarter of 2020 due to economy crash and corona virus outbreak, the sales are expected to revive by the end of 2020.The increasing vehicle sales post 2020 is expected to drive the demand for powertrain systems across the world.

Automotive Powertrain Systems Market_Geography

Competitive Landscape

The automotive powertrain systems market is dominated by several players, such as Toyota Motor Corporation, Hyundai Motor Company, Ford Motor Company, ZF Friedrichshafen AG, General Motors Company, JTEKT Corporation, Aisin Seiki Co. Ltd, and Volkswagen AG. These companies have been expanding their business innovative systems so that they can have an edge over their competitors.

· In January 2020, CNH Industries announced that it would split in two and list its truck, bus, and engine division. It has been aiming to create one company to run agriculture and construction brands, such as Case and New Holland, and list a separate unit to manage Iveco trucks, Iveco and Heuliez buses, and FPT powertrains. It expects to complete the separation by early 2021.

· In February 2018, BMW showcased its new i-lineup, including a Roadster edition of the i8, along with the i3s powered by plug-in hybrid, as well as electric powertrain.

· In February 2018, Tata Motors showcased Tiago and Tigor with powertrains sourced from Electra EV.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Component Type

      1. 5.1.1 Engine

      2. 5.1.2 Transmission

      3. 5.1.3 Differentials

      4. 5.1.4 Driveshaft

    2. 5.2 Vehicle Type

      1. 5.2.1 Passenger Cars

      2. 5.2.2 Commercial Vehicles

    3. 5.3 Wheel Drive

      1. 5.3.1 Front-wheel Drive

      2. 5.3.2 Rear-wheel Drive

      3. 5.3.3 All-wheel Drive

    4. 5.4 Geography

      1. 5.4.1 North America

        1. 5.4.1.1 United States

        2. 5.4.1.2 Canada

        3. 5.4.1.3 Rest of North America

      2. 5.4.2 Europe

        1. 5.4.2.1 Germany

        2. 5.4.2.2 United Kingdom

        3. 5.4.2.3 France

        4. 5.4.2.4 Russia

        5. 5.4.2.5 Rest of Europe

      3. 5.4.3 Asia-Pacific

        1. 5.4.3.1 India

        2. 5.4.3.2 China

        3. 5.4.3.3 Japan

        4. 5.4.3.4 Rest of Asia-Pacific

      4. 5.4.4 South America

        1. 5.4.4.1 Brazil

        2. 5.4.4.2 Argentina

        3. 5.4.4.3 Rest of South America

      5. 5.4.5 Middle East & Africa

        1. 5.4.5.1 United Arab Emirates

        2. 5.4.5.2 Saudi Arabia

        3. 5.4.5.3 Rest of Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Vendor Market Share

    2. 6.2 Company Profiles

      1. 6.2.1 Toyota Motor Corporation

      2. 6.2.2 Hyundai Motor Company

      3. 6.2.3 JTEKT Corporation

      4. 6.2.4 ZF Friedrichshafen AG

      5. 6.2.5 Volkswagen AG

      6. 6.2.6 Ford Motor Company

      7. 6.2.7 General Motors Company

      8. 6.2.8 GKN plc

      9. 6.2.9 Borgwarner Inc.

      10. 6.2.10 Aisin Seiki Co. Ltd

      11. 6.2.11 Valeo

      12. 6.2.12 Hella KGaA Hueck & Co.

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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Frequently Asked Questions

The Automotive Powertrain Systems Market market is studied from 2018 - 2026.

The Automotive Powertrain Systems Market is growing at a CAGR of >5% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

Asia Pacific holds highest share in 2020.

Toyota Motor Corporation, Hyundai Motor Company, JTEKT Corporation, ZF Friedrichshafen AG, Volkswagen AG are the major companies operating in Automotive Powertrain Systems Market.

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