Automotive Powertrain Market is projected to grow at a CAGR of 8.17% to reach $658.3 Billion by 2019.

The global automotive powertrain market is estimated to grow at a significant rate as the need for fuel-efficient and high performance automobiles is increasing. The need for high-tech powertrains has greatly increased in order to meet the stringent emission norms. 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 Asia-Oceania region is estimated to be the largest powertrain market in terms of value by 2019. The vital aspect contributing to the growth of the powertrain market in this region is the increasing number of vehicles being produced as well as the increasing penetration of passenger cars in the developing countries. The markets in North America and Europe are estimated to hold the second and third position, respectively. The introduction of stringent emission norms in European and North American countries have given rise to the increased demand for advanced powertrains which are lighter in weight and help in increasing fuel efficiency, reducing emissions, and improving the performance of vehicles.

With respect to vehicle type, the passenger cars segment is expected to hold the maximum share, followed by light commercial vehicles and heavy commercial vehicles. Currently, in the passenger cars segment, the front-wheel drive (FWD) type is estimated to dominate the market; whereas rear-wheel drive (RWD) is widely being adopted in light commercial vehicles and heavy commercial vehicles. In the coming years, the all-wheel drive (AWD) system is anticipated to replace the FWD and RWD systems owing to the growing demand for comfort and safety; and the increasing need for better acceleration, traction, and towing capacity in vehicles.

The global automotive powertrain market is dominated by a few major players in the market such as Aisin Seiki Co. (Japan), ZF Friedrichshafen AG (Germany), GKN plc (U.K.), BorgWarner Inc. (U.S.), American Axle and Manufacturing Inc., (U.S.), and JTEKT Corp. (Japan).

Automotive Powertrain Market Size, By Region, 2014 Vs. 2019 ($Million)

Source: MarketsandMarkets Analysis

 Automotive Powertrain Market Size, By Vehicle Type, 2014 Vs. 2019 ($Million)

Source: MarketsandMarkets Analysis