Home > Automotive > Automotive Parts > Transmission and Drivetrain > Automotive Powertrain Systems Market

Automotive Powertrain Systems Market Trends

Report ID: GMI6878
Published Date: Oct 2023
Report Format: PDF

Download Free Sample

Automotive Powertrain Systems Market Trends

Transformational Trends in the automotive & transport industry electricity reached its crescendo following the growing adoption of electric vehicles which were spurred by environmental concerns and the improvements in battery technology. On the other hand, AI-based autonomy of vehicles also took off which in turn is positively impacting the market growth.

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market was of automotive powertrain systems reached USD 831 billion in 2022 and is set to cross USD 1.77 trillion by 2032, propelled by technological advancements, regulatory shifts, and changing consumer preferences.

Passenger Cars segment held a dominant market share of around 55% in 2022, backed by the evolving consumer preferences, environmental concerns, technological advancements, and shift toward electrification.

U.S. market size was valued at USD 97 billion revenue in 2022, characterized by a push for cleaner & more efficient powertrain systems, along with stringent emission regulations.

Allison Transmission Holdings Inc., Aisin Seiki Co., Ltd., Denso Corporation, GKN Automotive Limited, Valeo SA, Schaeffler AG, Hyundai Transys, JATCO Ltd., Eaton Corporation, AVL List GmbH, Ricardo plc.