Pune, India -- (SBWire) -- 06/27/2018 --Automotive Electric Drivetrain System Global Market Overview:
Automotive Electric Drivetrain System Market is segmented by Type (All-Wheel Drive, Rear Wheel Drive, and Front Wheel Drive), Electric Vehicle Drivetrain Type (BEV, PHEV, and HEV), Vehicle Type (Passenger car and Commercial Vehicle) and Region Forecast to 2023. Report provides basic overview of the Automotive Electric Drivetrain System industry including definitions, classifications, applications and industry chain structure. Remarkable growth has repeatedly highlighted the expansion arc of Automotive Electric Drivetrain System market.
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Automotive Electric Drivetrain System Key Players Analyzed In Report:
Aisin Seiki Co., Ltd. (Japan), American Axle & Manufacturing, Inc. (U.S.), GKN plc. (U.S.), Magna International Inc. (Canada), BorgWarner Inc. (U.S.), Dana Holding Corporation (U.S.), JTEKT Corporation (Japan), TM4 (Canada), Magtec (U.K.), Delphi Automotive LLP (U.K), Visedo (Finland), Parker Hannifin Corp (U.S.), Punch Powertrain Nv (Belgium), AVTEC LTD (India), AxleTech International SAS (U.S.).
Regional Analysis:
On the basis of region, the market is segmented based on North America, Asia Pacific, Europe, and Rest of the World. In Asia Pacific region, there is an increase in the production of new vehicles in countries such as India, China, and Japan. The major growth in Asia Pacific is due to the increase in the use of front wheel drive system because of its ability to provide better fuel efficiency and traction. The growth in passenger cars is also expected to drive the automotive electric drivetrain system market during the forecast period. In India and China, AWD segment is the highest growing segment due to the compact crossover traction. According to European Commission, many automotive manufacturers are expected to develop cutting-edge hybrid, electric and fuel cell technology in the vehicles to provide fuel efficiency. Europe is expected to be the second Asia Pacific region in the electric drivetrain system market due to increase in the investment in research and development. The growing investment in R&D, is expected to drive the growth of the automotive electric drivetrain system market during the forecast period.
Automotive Electric Drivetrain System Market Growth Factors:
The factors that are responsible for the growth of automotive electric drivetrain market are stringent regulations for emission, rise in the sales of electric driven vehicle, and increased fuel efficiency of vehicles. All over the world, governments are greatly supporting the transition to electric vehicles. The International Energy Agency has taken a great initiative in support of the electric vehicle so as to restrict the emission from vehicles that can harm the environment. The increase in the sale for electric vehicle will lead to rise in the sale of drive train, which will indirectly result in the growth of the drivetrain market. The electric drivetrain provides better efficiency, due to which there will be increase in the use of electric drivetrain in all types of vehicle. All the above factors will result in the growth of the electric drivetrain system market.
Market Segmentation:
The automotive electric drivetrain system market is segmented based on types, electric drivetrain types, vehicle type, and region. On the basis of type, the market as segmented as all-wheel drive, rear wheel drive, and front wheel drive. The all wheel drive is expected to witness the highest growth during the forecast period because it provides power to all the vehicles. Front-wheel-drive is expected to be the second largest market because it provides fuel efficiency and reduces emission of carbon dioxide. In 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. On the basis of electric drivetrain type, the market is segmented based on BEV, PHEV, and, HEV. Battery Electric Vehicle (BEV) is expected to dominate the automotive electric drivetrain market because the battery electric vehicle has low vehicle cost and reduce emission. The increase in the sale of electric vehicle, will result in the growth of battery electric vehicle, which will drive the growth of electric drivetrains in battery electric vehicles.
Scope of Report:
This study provides an overview of the global automotive electric drivetrain system market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global automotive electric drivetrain systems market by its type, electric drivetrain type, vehicle type, and region
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Automotive Electric Drivetrain System Market: 2018 Global Industry Size, Share, Trends, and Growth Analysis by Electric Vehicle Drivetrain Type, Vehicle, and Region Forecast