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Automotive Powertrain Market Size, Share & Trends Analysis Report By Vehicle Type (Passenger Vehicle, Commercial Vehicle), By Propulsion Type (ICE, Electric Vehicle), By Region, And Segment Forecasts, 2023 - 2030

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    Report

  • 110 Pages
  • October 2023
  • Region: Global
  • Grand View Research
  • ID: 5899547
Description Jump to:
The global automotive powertrain market size is expected to reach USD 2446.74 billion by 2030 registering a CAGR of 15.8%. The increasing demand for environment-friendly vehicles and increasingly stringent government regulations regarding vehicular emission are expected to favor the demand for automotive powertrains in the market. Moreover, technological advancements in powertrain systems to enhance the vehicle's efficiency are anticipated to boost market growth prospects over the forecast period.

The adoption rate and pace of evolution of automotive powertrain vary across regions according to purchase subsidies, regulatory differences, road pricing, fuel taxation policy, state support, and consumer preferences. In Europe and countries such as China, South Korea, and Japan, stringent regulations are expected to make OEMs shift their focus on electrified powertrain options. Other significant factors that constitute the evolution of powertrain include developing charging infrastructure in different regions globally.

Increasing vehicle sales and the growing adoption of automated transmission vehicles in emerging countries such as India, China, Indonesia, Japan, and Brazil, are expected to drive the market. The substantial rise in the purchasing power of consumers has increased the demand for state-of-the-art motor vehicles, driving the demand for upgraded systems. The rising use of All Wheel Drive in SUVs in emerging regions is also expected to support the growth of the powertrain market. The growing demand for AWD-equipped vehicles in the Asia Pacific region is expected to boost the growth of the all-wheel-drive system market.

The COVID-19 pandemic has hampered the growth prospects of several industries in 2020; powertrain manufacturers are facing a year-on-year decline in unit volumes sales and revenues. For instance, BorgWarner Inc., a prominent market player in the electric powertrain market, witnessed a decrease in the e-Propulsion & Drivetrain business segment. However, the demand for vehicles with upgraded safety features is likely to increase post-pandemic. Since automotive powertrain plays a vital role in automobiles, the market could regain momentum. Furthermore, despite the pandemic, the growing demand for electric vehicles is anticipated to boost the demand for automotive powertrains.

Automotive Powertrain Market Report Highlights

  • In terms of vehicle type, the commercial vehicle segment is estimated to register the highest CAGR of 17.0% over the forecast period, owing to the increasing demand for a unified supply chain network connecting multiple transportation modes, including freight rail, air, express delivery services, maritime transport, and truck transport.
  • In terms of propulsion type, the internal combustion engine (ICE) segment accounted for the largest share of 87.7% in 2022. The ICE segment consists of gasoline, diesel, and natural gas vehicles. Currently, gasoline engines are widely adopted and are projected to be replaced by diesel engines owing to the increasing difference between diesel and gasoline prices.
  • Asia Pacific accounted for the largest market share of 61.6% in 2022. Home to the largest automobile manufacturing nations and markets, such as India, China, and Japan. The growth in the Asia Pacific region is mainly attributed to rising disposable income, increasing urbanization, and a highly competitive market that favors car ownership across the region.

Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.1.1. Propulsion type
1.1.2. Vehicle type
1.1.3. Regional scope
1.1.4. Estimates and forecast timeline
1.2. Research Methodology
1.3. Information Procurement
1.3.1. Purchased database
1.3.2. internal database
1.3.3. Secondary sources
1.3.4. Primary research
1.3.5. Details of primary research
1.4. Information or Data Analysis
1.5. Market Formulation & Validation
1.6. Model Details
1.7. List of Secondary Sources
1.8. List of Primary Sources
1.9. Objectives
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segment Outlook
2.2.1. Propulsion type outlook
2.2.2. Vehicle type outlook
2.2.3. Regional outlook
2.3. Competitive Insights
Chapter 3. Automotive Powertrain Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.2. Industry Value Chain Analysis
3.3. Market Dynamics
3.3.1. Market driver analysis
3.3.2. Market restraint analysis
3.3.3. Market opportunity analysis
3.4. Automotive Powertrain Market Analysis Tools
3.4.1. Industry analysis - Porter’s
3.4.1.1. Supplier power
3.4.1.2. Buyer power
3.4.1.3. Substitution threat
3.4.1.4. Threat of new entrant
3.4.1.5. Competitive rivalry
3.4.2. PESTEL analysis
3.4.2.1. Political landscape
3.4.2.2. Technological landscape
3.4.2.3. Economic landscape
Chapter 4. Automotive Powertrain Market: Propulsion Type Estimates & Trend Analysis
4.1. Automotive Powertrain Market: Key Takeaways
4.2. Automotive Powertrain Market: Movement & Market Share Analysis, 2022 & 2030
4.3. Internal Combustion Engine (ICE)
4.3.1. Internal Combustion Engine (ICE) market estimates and forecasts, 2017 to 2030 (USD Billion)
4.3.2. Gasoline
4.3.1.1 Gasoline market estimates and forecasts, 2017 to 2030 (USD Billion)
4.3.3. Diesel
4.3.1.2 Diesel market estimates and forecasts, 2017 to 2030 (USD Billion)
4.3.4. Natural gas vehicle
4.3.1.3 Natural gas vehicle market estimates and forecasts, 2017 to 2030 (USD Billion)
4.4. Electric vehicle
4.4.1. Electric vehicle market estimates and forecasts, 2017 to 2030 (USD Billion)
4.4.2. BEV
4.3.1.4 BEV market estimates and forecasts, 2017 to 2030 (USD Billion)
4.4.3. PHEV
4.3.1.5 PHEV market estimates and forecasts, 2017 to 2030 (USD Billion)
Chapter 5. Automotive Powertrain Market: Vehicle Type Estimates & Trend Analysis
5.1. Automotive Powertrain Market: Key Takeaways
5.2. Automotive Powertrain Market: Movement & Market Share Analysis, 2022 & 2030
5.3. Passenger vehicle
5.3.1. Passenger vehicle market estimates and forecasts, 2017 to 2030 (USD Billion)
5.4. Commercial Vehicle
5.4.1. Commercial vehicle market estimates and forecasts, 2017 to 2030 (USD Billion)
Chapter 6. Automotive Powertrain Market: Regional Estimates & Trend Analysis
6.1. Regional Outlook
6.2. Automotive Powertrain Market by Region: Key Takeaway
6.3. North America
6.3.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Billion)
6.3.2. U.S.
6.3.2.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Billion)
6.3.3. Canada
6.3.3.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Billion)
6.4. Europe
6.4.1. UK
6.4.1.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Billion)
6.4.2. Germany
6.4.2.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Billion)
6.4.3. France
6.4.3.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Billion)
6.5. Asia Pacific
6.5.1. Japan
6.5.1.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Billion)
6.5.2. China
6.5.2.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Billion)
6.5.3. India
6.5.3.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Billion)
6.5.4. Australia
6.5.4.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Billion)
6.5.5. South Korea
6.5.5.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Billion)
6.6. Latin America
6.6.1. Brazil
6.6.1.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Billion)
6.6.2. Mexico
6.6.2.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Billion)
6.7. MEA
6.7.1. Saudi Arabia
6.7.1.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Billion)
6.7.2. South Africa
6.7.2.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Billion)
6.7.3. UAE
6.7.3.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Billion)
Chapter 7. Competitive Landscape
7.1. Recent Developments & Impact Analysis, By Key Market Participants
7.2. Market Participant Categorization
7.2.1. BorgWarner Inc.
7.2.1.1. Company overview
7.2.1.2. Financial performance
7.2.1.3. Product benchmarking
7.2.1.4. Strategic initiatives
7.2.2. Continental AG
7.2.2.1. Company overview
7.2.2.2. Financial performance
7.2.2.3. Product benchmarking
7.2.2.4. Strategic initiatives
7.2.3. Magna International Inc.
7.2.3.1. Company overview
7.2.3.2. Financial performance
7.2.3.3. Product benchmarking
7.2.3.4. Strategic initiatives
7.2.4. Marelli Holdings Co., Ltd.
7.2.4.1. Company overview
7.2.4.2. Financial performance
7.2.4.3. Product benchmarking
7.2.4.4. Strategic initiatives
7.2.5. Mitsubishi Electric Corporation
7.2.5.1. Company overview
7.2.5.2. Financial performance
7.2.5.3. Product benchmarking
7.2.5.4. Strategic initiatives
7.2.6. NIDEC CORPORATION
7.2.6.1. Company overview
7.2.6.2. Financial performance
7.2.6.3. Product benchmarking
7.2.6.4. Strategic initiatives
7.2.7. Robert Bosch GmbH
7.2.7.1. Company overview
7.2.7.2. Financial performance
7.2.7.3. Product benchmarking
7.2.7.4. Strategic initiatives
7.2.8. Schaeffler AG
7.2.8.1. Company overview
7.2.8.2. Financial performance
7.2.8.3. Product benchmarking
7.2.8.4. Strategic initiatives
7.2.9. ZF Friedrichshafen AG
7.2.9.1. Company overview
7.2.9.2. Financial performance
7.2.9.3. Product benchmarking
7.2.9.4. Strategic initiatives
7.2.10. VALEO
7.2.10.1. Company overview
7.2.10.2. Financial performance
7.2.10.3. Product benchmarking
7.2.10.4. Strategic initiatives
List of Tables
Table 1 List of abbreviation
Table 2 North America automotive powertrain market, by propulsion type, 2017-2030 (USD Billion)
Table 3 North America automotive powertrain market, by vehicle type, 2017-2030 (USD Billion)
Table 4 North America automotive powertrain market, by region, 2017 to 2030 (USD Billion)
Table 5 U.S. automotive powertrain market, by propulsion type, 2017-2030 (USD Billion)
Table 6 U.S. automotive powertrain market, by vehicle type, 2017-2030 (USD Billion)
Table 7 Canada automotive powertrain market, by propulsion type, 2017-2030 (USD Billion)
Table 8 Canada automotive powertrain market, by vehicle type, 2017-2030 (USD Billion)
Table 9 Europe automotive powertrain market, by propulsion type, 2017-2030 (USD Billion)
Table 10 Europe automotive powertrain market, by vehicle type, 2017-2030 (USD Billion)
Table 11 Europe automotive powertrain market, by region, 2017 to 2030 (USD Billion)
Table 12 Germany automotive powertrain market, by propulsion type, 2017-2030 (USD Billion)
Table 13 Germany automotive powertrain market, by vehicle type, 2017-2030 (USD Billion)
Table 14 UK automotive powertrain market, by propulsion type, 2017-2030 (USD Billion)
Table 15 UK automotive powertrain market, by vehicle type, 2017-2030 (USD Billion)
Table 16 France automotive powertrain market, by propulsion type, 2017-2030 (USD Billion)
Table 17 France automotive powertrain market, by vehicle type, 2017-2030 (USD Billion)
Table 18 Asia Pacific automotive powertrain market, by propulsion type, 2017-2030 (USD Billion)
Table 19 Asia Pacific automotive powertrain market, by vehicle type, 2017-2030 (USD Billion)
Table 20 Asia Pacific automotive powertrain market, by region, 2017 to 2030 (USD Billion)
Table 21 China automotive powertrain market, by propulsion type, 2017-2030 (USD Billion)
Table 22 China automotive powertrain market, by vehicle type, 2017-2030 (USD Billion)
Table 23 Japan automotive powertrain market, by propulsion type, 2017-2030 (USD Billion)
Table 24 Japan automotive powertrain market, by vehicle type, 2017-2030 (USD Billion)
Table 25 India automotive powertrain market, by propulsion type, 2017-2030 (USD Billion)
Table 26 India automotive powertrain market, by vehicle type, 2017-2030 (USD Billion)
Table 27 Australia automotive powertrain market, by propulsion type, 2017-2030 (USD Billion)
Table 28 Australia automotive powertrain market, by vehicle type, 2017-2030 (USD Billion)
Table 29 South Korea automotive powertrain market, by propulsion type, 2017-2030 (USD Billion)
Table 30 South Korea automotive powertrain market, by vehicle type, 2017-2030 (USD Billion)
Table 31 Latin America automotive powertrain market, by propulsion type, 2017-2030 (USD Billion)
Table 32 Latin America automotive powertrain market, by vehicle type, 2017-2030 (USD Billion)
Table 33 Latin America automotive powertrain market, by region, 2017 to 2030 (USD Billion)
Table 34 Brazil automotive powertrain market, by propulsion type, 2017-2030 (USD Billion)
Table 35 Brazil automotive powertrain market, by vehicle type, 2017-2030 (USD Billion)
Table 36 Mexico automotive powertrain market, by propulsion type, 2017-2030 (USD Billion)
Table 37 Mexico automotive powertrain market, by vehicle type, 2017-2030 (USD Billion)
Table 38 Middle East and Africa automotive powertrain market, by propulsion type, 2017-2030 (USD Billion)
Table 39 Middle East and Africa automotive powertrain market, by vehicle type, 2017-2030 (USD Billion)
Table 40 Middle East and Africa automotive powertrain market, by region, 2017 to 2030 (USD Billion)
Table 41 South Africa automotive powertrain market, by propulsion type, 2017-2030 (USD Billion)
Table 42 South Africa automotive powertrain market, by vehicle type, 2017-2030 (USD Billion)
Table 43 Saudi Arabia automotive powertrain market, by propulsion type, 2017-2030 (USD Billion)
Table 44 Saudi Arabia automotive powertrain market, by vehicle type, 2017-2030 (USD Billion)
Table 45 UAE automotive powertrain market, by propulsion type, 2017-2030 (USD Billion)
Table 46 UAE automotive powertrain market, by vehicle type, 2017-2030 (USD Billion)
List of Figures
Fig. 1 Market research process
Fig. 2 Data triangulation techniques
Fig. 3 Primary research pattern
Fig. 4 Market research approaches
Fig. 5 Value-chain-based sizing & forecasting
Fig. 6 QFD modeling for market share assessment
Fig. 7 Market formulation & validation
Fig. 8 Automotive powertrain market: Market outlook
Fig. 9 Automotive powertrain market: Competitive insights
Fig. 10 Parent market outlook
Fig. 11 Related/ancillary market outlook
Fig. 12 Penetration and growth prospect mapping
Fig. 13 Industry value chain analysis
Fig. 14 Automotive powertrain market driver impact
Fig. 15 Automotive powertrain market restraint impact
Fig. 16 Automotive powertrain market strategic initiatives analysis
Fig. 17 Automotive powertrain market: Propulsion type movement analysis
Fig. 18 Automotive powertrain market: Propulsion type outlook and key takeaways
Fig. 19 ICE market estimates and forecasts, 2017-2030
Fig. 20 Electric vehicle market estimates and forecasts, 2017-2030
Fig. 21 Automotive powertrain market: Vehicle type movement analysis
Fig. 22 Automotive powertrain market: Vehicle type outlook and key takeaways
Fig. 23 Passenger vehicle market estimates and forecasts, 2017-2030
Fig. 24 Commercial vehicle market estimates and forecasts, 2017-2030
Fig. 25 Global automotive powertrain market: Regional movement analysis
Fig. 26 Global automotive powertrain market: Regional outlook and key takeaways
Fig. 27 North America market estimates and forecasts, 2017-2030
Fig. 28 U.S. market estimates and forecasts, 2017-2030
Fig. 29 Canada market estimates and forecasts, 2017-2030
Fig. 30 Europe market estimates and forecasts, 2017-2030
Fig. 31 UK market estimates and forecasts, 2017-2030
Fig. 32 Germany market estimates and forecasts, 2017-2030
Fig. 33 France market estimates and forecasts, 2017-2030
Fig. 34 Asia Pacific market estimates and forecasts, 2017-2030
Fig. 35 Japan market estimates and forecasts, 2017-2030
Fig. 36 China market estimates and forecasts, 2017-2030
Fig. 37 India market estimates and forecasts, 2017-2030
Fig. 38 Australia market estimates and forecasts, 2017-2030
Fig. 39 South Korea market estimates and forecasts, 2017-2030
Fig. 40 Latin America market estimates and forecasts, 2017-2030
Fig. 41 Brazil market estimates and forecasts, 2017-2030
Fig. 42 Mexico market estimates and forecasts, 2017-2030
Fig. 43 Middle East and Africa market estimates and forecasts, 2017-2030
Fig. 44 Saudi Arabia market estimates and forecasts, 2017-2030
Fig. 45 South Africa market estimates and forecasts, 2017-2030
Fig. 46 UAE market estimates and forecasts, 2017-2030

Companies Mentioned

  • BorgWarner Inc.
  • Continental AG
  • Magna International Inc.
  • Marelli Holdings Co., Ltd.
  • Mitsubishi Electric Corporation
  • NIDEC CORPORATION
  • Robert Bosch GmbH
  • Schaeffler AG
  • ZF Friedrichshafen AG
  • VALEO

Methodology

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