Home > Automotive > Automotive Parts > Transmission and Drivetrain > Automotive Electric Drivetrain Components Market
Automotive Electric Drivetrain Components Market Size
- Report ID: GMI5156
- Published Date: Oct 2023
- Report Format: PDF
Automotive Electric Drivetrain Components Market Size
Automotive Electric Drivetrain Components Market size was valued at USD 52.2 billion in 2022 and is estimated to grow at over 23.7% CAGR from 2023 to 2032. The global shift towards electric and hybrid vehicles has spurred a remarkable increase in the market for automotive electric drivetrain components in recent years.
Electric motors, power electronics, and battery systems have become crucial parts of the electrification of automobiles, with technological improvements, cost-cutting measures, and increased energy efficiency playing key roles. Companies are boosting their research and development spending while also focusing on improving the charging infrastructure to improve the performance and longevity of these components.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Automotive Electric Drivetrain Components Market Size in 2022: | USD 52.2 Billion |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 23.7% |
| 2032 Value Projection: | USD 436.2 Billion |
| Historical Data for: | 2018 to 2022 |
| No. of Pages: | 150 |
| Tables, Charts & Figures: | 191 |
| Segments covered: | Components, Vehicle type, Sales channel, Region |
| Growth Drivers: |
|
| Pitfalls & Challenges: |
|
Governmental incentives and harsher emissions restrictions are accelerating the industry's growth further, creating a competitive environment with the potential for significant innovation and market growth soon.
Frequently Asked Questions (FAQ) :
Automotive Electric Drivetrain Components Market Scope
