Automotive Powertrain Systems Market Driven by Demand Surge to Grow Exceptionally at CAGR of ~5.7%, 2023

Pune, India -- (SBWire) -- 12/11/2017 --Global Automotive Powertrain Systems Market Information Report, By Component (Engine, Transmission, Differentials, Drive Shafts and Others), By Engine Type (Gasoline and Diesel), By Vehicle Type (Passenger Vehicles and Commercial Vehicles and By Region - Forecast To 2023

Market Highlights:
The global automotive powertrain system market is a progressing market, and is expected to witness significant growth over the forecast period. Automotive powertrain system is one of the most crucial vehicle parts which has been gaining a lot of attention among major vehicle manufacturers. Automotive industry has become one of the major revenue generator industries and has come up with several technological advancements in the last few years, automotive powertrain system being one of them. The global automotive powertrain system market has seen remarkable growth in the global market, and it has been observed that, its demand in the future is expected to grow with the CAGR of ~5.7%.

The automotive powertrain system performs an important function within the engine, and enhances its efficiency, enabling a smooth run of the vehicle. The automotive powertrain system majorly consists of components such as engine, transmission, drive shafts, differentials and others used to transform the stored energy into kinetic energy. These components works very efficiently, transmitting the engine performance to the powertrain system. The global automotive powertrain system market is mainly influenced by the growing factors such as low emission & improved fuel efficiency, and increasing sales of new vehicles. Strict government regulations on reducing vehicles emission, technological advancements and economically emerging economies, also influence the growth. A major hindrance that could prevent the market growth would be higher system cost. The growing demand for gasoline engine vehicles, and increasing disposable income, in many countries creates major market opportunities.

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For the purpose of this study, the global automotive powertrain system market has been divided on the basis of component, engine type, vehicle type and region.

Based on components, the market has been segmented as engine, transmission, differentials, drive shafts and others. Among these components, engine and transmission are expected to dominate the market followed by differentials and drive shafts. Based on engine type, the market has been segmented as gasoline engine and diesel engine. Where, the gasoline engine is expected to lead the market followed by diesel engine. Based on vehicle types, the market has been segmented as passenger vehicles and commercial vehicles. However, the increasing sales of passenger cars is expected to dominate the passenger car segment during the forecast period.

Region wise, the global automotive powertrain system market has been segmented as North America, Europe, Asia Pacific and Rest of the World. Asia Pacific has accounted for the largest market share, in 2016, followed by North America and Europe. In Asia Pacific, countries such as China, South Korea, Japan and India are the major markets of powertrain system. In Europe and North America, policies regarding higher fuel efficiency and low emission, have become the major growth driver. Europe, has been witnessing a rise in the sales of new vehicles, which has augmented the demand for automotive powertrain systems, here. Also, Germany, UK and France being the leading countries in Europe, has fuelled the growth of the market. Asia Pacific has registered the fastest growing economy in the global market.

Key Players
The prominent players in the automotive powertrain system market include Toyota Motor Corporation (Japan), General Motors Company (US), Hyundai Motor Company (South Korea), Aisin Seiki (Japan)), Borgwarner (US), Ford Motor (US), Delphi Automobile (UK), Magna Powertrain (US), Denso Corporation (Japan), GKN PLC (UK), Jtekt Corporation (Japan), and ZF Friedrichshafen (Germany).

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BRIEF TOC:
1. EXECUTIVE SUMMARY
2. RESEARCH METHODOLOGY
3. MARKET DYNAMICS
4. GLOBAL MARKET SEGMENTATION
5. REGIONAL MARKET ANALYSIS
6. COMPETITIVE ANALYSIS
7. CONCLUSION
8. LIST OF TABLES
9. LIST OF FIGURES

The report for Global Automotive Powertrain Systems Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

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