Automotive Drivetrain Market Report: Trends, Forecast and Competitive Analysis to 2030

Automotive Drivetrain Trends and Forecast

The future of the global automotive drivetrain market looks promising with opportunities in the passenger car, commercial vehicle, and electric vehicle markets. The global automotive drivetrain market is expected to reach an estimated $293.8 billion by 2030 with a CAGR of 6.8% from 2024 to 2030. The major drivers for this market are increasing demand for vehicle's comfort and safety, rising demand for vehicles with better acceleration, traction, and towing capabilities, and growing demand for lightweight driveshafts.

A more than 150-page report is developed to help in your business decisions.

Automotive Drivetrain by Segment

The study includes a forecast for the global automotive drivetrain by drive type, vehicle type, and region.

Automotive Drivetrain Market by Drive Type [Shipment Analysis by Value from 2018 to 2030]:

• Foward Wheel Drive
• Rear Wheel Drive
• All-Wheel-Drive

Automotive Drivetrain Market by Vehicle Type [Shipment Analysis by Value from 2018 to 2030]:

• Passenger Cars
• Commercial Vehicles
• Electric Vehicle

Automotive Drivetrain Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Automotive Drivetrain Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies automotive drivetrain companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the automotive drivetrain companies profiled in this report include-

• Aisin Seiki
• American Axle & Manufacturing
• Borgwarner
• GKN
• ZF Friedrichshafen
• Magna International
• Dana Holding
• JTEKT
• Showa
• Schaeffler Group

Automotive Drivetrain Market Insights

Lucintel forecasts that forward wheel drive will remain the largest segment over the forecast period because it is particularly cost effective when compared to other drive systems, and it has several advantages relating to mass, space, fuel economy, minimal friction from the driveshaft, and the weight is balanced for traction.

APAC will remain the largest region over the forecast period because of the growth in the region's expenditures, rise in car sales, development of the industrial and infrastructure sectors, and increased need for automated transmissions and sophisticated systems.

Features of the Global Automotive Drivetrain Market

Market Size Estimates: Automotive drivetrain market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Automotive drivetrain market size by drive type, vehicle type, and region in terms of value ($B).

Regional Analysis: Automotive drivetrain market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different drive type, vehicle type, and regions for the automotive drivetrain market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the automotive drivetrain market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the automotive drivetrain market size?

Answer: The global automotive drivetrain market is expected to reach an estimated $293.8 billion by 2030.

Q2. What is the growth forecast for automotive drivetrain market?

Answer: The global automotive drivetrain market is expected to grow with a CAGR of 6.8% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the automotive drivetrain market?

Answer: The major drivers for this market are increasing demand for vehicle's comfort and safety, rising demand for vehicles with better acceleration, traction, and towing capabilities, and growing demand for lightweight driveshafts.

Q4. What are the major segments for automotive drivetrain market?

Answer: The future of the global automotive drivetrain market looks promising with opportunities in the passenger car, commercial vehicle, and electric vehicle markets.

Q5. Who are the key automotive drivetrain market companies?

Answer: Some of the key automotive drivetrain companies are as follows.

• Aisin Seiki
• American Axle & Manufacturing
• Borgwarner
• GKN
• ZF Friedrichshafen
• Magna International
• Dana Holding
• JTEKT
• Showa
• Schaeffler Group

Q6. Which automotive drivetrain market segment will be the largest in future?

Answer: Lucintel forecasts that forward wheel drive will remain the largest segment over the forecast period because it is particularly cost effective when compared to other drive systems, and it has several advantages relating to mass, space, fuel economy, minimal friction from the driveshaft, and the weight is balanced for traction.

Q7. In automotive drivetrain market, which region is expected to be the largest in next 5 years?

Answer: APAC will remain the largest region over the forecast period because of the growth in the region's expenditures, rise in car sales, development of the industrial and infrastructure sectors, and increased need for automated transmissions and sophisticated systems.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the automotive drivetrain market by drive type (foward wheel drive, rear wheel drive, and all-wheel-drive), vehicle type (passenger cars, commercial vehicles, and electric vehicle), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?