The new developments in the designs and control of drivetrain systems are under progress which is expected drive the global automotive drivetrain market during the forecast period.
New York, NY -- (SBWIRE) -- 03/29/2017 -- Global Automotive drivetrain Market: Drivers and Restraints:
Configuration of the engine has effect on weight distribution across the vehicle. The global automotive drivetrain market is primarily driven by the increasing demand for the lightweight which in turn influences the fuel economy of the vehicle. Also, factors such as increased traction, acceleration are fuelling the global drivetrain market. The strict emissions norms and standards aid in driving the global drivetrain market.
However, from drivetrain manufacturers perspective the drivetrain deigns and architecture are involving complex structures due to the stringent norms on emissions as well as customers performance requirement. The new developments in the designs and control of drivetrain systems are under progress which is expected drive the global automotive drivetrain market during the forecast period.
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Global Automotive drivetrain market: Key Players
Some of the key players identified in the global automotive drivetrain market includes:
- Magna International Inc.
- American Axle & Manufacturing
- GKN plc
- Aisin Seiki Co., Ltd
- Schaeffler Group
- BorgWarner Inc.
- Dana Holding Corporation
- JTEKT Corporation
- Showa Corporation
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Global Automotive drivetrain Market: Region Wise Outlook
The global automotive drivetrain market is divided into seven regions, namely North America, Latin America, Asia Pacific excluding Japan (APEJ), Western Europe, Eastern Europe, Japan and Middle East and Africa (MEA). APAC holds major share in the consumption of automotive drivetrain materials. This is attributed by increasing sales of automotive in China, India, South Korea, and Taiwan. North America and Japan followed by Europe are expected to expand at single-digit CAGR during the forecast period. The automotive drivetrain market in MEA and Latin America are expected to sluggish growth during the forecast period.
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