Automotive Powertrain Systems Market Size, Share, Trends, Industry Analysis Report: By Propulsion Type, Vehicles Type, and Region

Description

List of Tables

The automotive powertrain systems market size is expected to reach USD 4,377.24 billion by 2034, according to a new study by Polaris Market Research. The report "Automotive Powertrain Systems Market Size, Share, Trends, Industry Analysis Report: By Propulsion Type (Internal Combustion Engine and Electric Vehicle), Vehicles Type, and Region (North America, Europe, Asia Pacific, Latin America, the and Middle East & Africa) - Market Forecast, 2025-2034" gives a detailed insight into current market dynamics and provides analysis on future market growth.

The automotive powertrain systems market is growing due to the expansion of manufacturing capacity worldwide. The heightened production efforts by automotive manufacturers to meet the escalating demand for vehicles have led to an increased need for dependable and high-performance powertrain systems. The improved manufacturing capacity enables higher production volumes of automotive powertrain components, resulting in economies of scale and more cost-effective solutions. Additionally, urbanization also plays a crucial role as cities increasingly adopt low-emission zones and promote sustainable transportation options. This trend encourages consumers to opt for vehicles with advanced powertrains that offer better fuel economy and lower emissions, leading to the automotive powertrain systems market growth during the forecast period.

Incorporating hybrid powertrains enables the utilization of both internal combustion engines (ICE) and electric motors, resulting in increased flexibility and improved fuel efficiency. Advanced features such as regenerative braking recover energy normally dissipated during braking, enhancing overall efficiency. The emergence of advanced driver-assistance systems (ADAS) is impacting powertrain technology, as functionalities such as adaptive cruise control and automated driving necessitate flawless harmonization between powertrains and vehicle control systems. Therefore, advancements in the technology of braking systems are driving the growth of automotive powertrain systems.

Automotive Powertrain Systems Market Report Highlights

By vehicle type analysis, the commercial vehicles segment is anticipated to experience substantial growth with a significant CAGR in the global market due to the increase in the production of vans, trucks, and buses.

By propulsion type insights, The electric vehicle segment is estimated to grow at a significant CAGR during the forecast period due to the increasing consumer demand for sustainable transportation.

In 2024, Asia Pacific dominated the automotive powertrain systems market, owing to the presence of automotive manufacturing hubs in countries such as China, Japan, South Korea, and India. Moreover, the expanding middle-class population, rapid urbanization, and increased vehicle ownership rates are contributing to the market expansion in the region.

The automotive powertrain systems market in India is projected for substantial growth due to increased production in the automotive industry in the country.

North America is projected to register a substantial CAGR from 2025 to 2034 due to the rapid proliferation and rising adoption of electric vehicles in the region.

The key market players are BorgWarner Inc., Continental AG, Magna International Inc., Marelli Holdings Co. Ltd., Mitsubishi Electric Corporation, NIDEC CORPORATION, Robert Bosch GmbH, Schaeffler AG, ZF Friedrichshafen AG, and VALEO.

Polaris Market Research has segmented the automotive powertrain systems market report based on propulsion type, vehicle type, and region:

By Propulsion Type Outlook (Revenue - USD Billion, 2020-2034)

Internal Combustion Engine
Gasoline
Diesel
Natural Gas Vehicle
Electric Vehicle
Battey Electric Vehicle (BEV)
Plug-in Hybrid Electric Vehicle (PHEV)

By Vehicle Type Outlook (Revenue - USD Billion, 2020-2034)

Passenger Cars
Commercial Vehicles

By Regional Outlook (Revenue - USD Billion, 2020-2034)

North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Netherlands
Russia
Rest of Europe
Asia Pacific
China
Japan
India
Malaysia
South Korea
Indonesia
Australia
Vietnam
Rest of Asia Pacific
Middle East & Africa
Saudi Arabia
UAE
Israel
South Africa
Rest of the Middle East & Africa
Latin America
Mexico
Brazil
Argentina
Rest of Latin America

Product Code: PM1469

1. Introduction

1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
1.2. Stakeholders

2. Executive Summary

2.1. Market Highlights

3. Research Methodology

3.1. Overview
- 3.1.1. Data Mining
3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources

4. Global Automotive Powertrain Systems Market Insights

4.1. Automotive Powertrain Systems Market - Market Snapshot
4.2. Automotive Powertrain Systems Market Dynamics
- 4.2.1. Drivers and Opportunities
  - 4.2.1.1. Increasing shift toward electric vehicle ownership
  - 4.2.1.2. Rise in urbanization
- 4.2.2. Restraints and Challenges
  - 4.2.2.1. High Cost and Complexity
4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
4.4. PESTEL Analysis
4.5. Automotive Powertrain Systems Market Trends
4.6. Value Chain Analysis
4.7. COVID-19 Impact Analysis

5. Global Automotive Powertrain Systems Market, by Propulsion Type

5.1. Key Findings
5.2. Introduction
- 5.2.1. Global Automotive Powertrain Systems Market, by Propulsion Type, 2020-2034 (USD Billion)
5.3. Internal Combustion Engine
- 5.3.1. Global Automotive Powertrain Systems Market, by Internal Combustion Engine, by Region, 2020-2034 (USD Billion)
- 5.3.2. Gasoline
  - 5.3.2.1. Global Automotive Powertrain Systems Market, by Gasoline, by Region, 2020-2034 (USD Billion)
- 5.3.3. Diesel
  - 5.3.3.1. Global Automotive Powertrain Systems Market, by Diesel, by Region, 2020-2034 (USD Billion)
- 5.3.4. Natural Gas Vehicle
  - 5.3.4.1. Global Automotive Powertrain Systems Market, by Natural Gas Vehicle, by Region, 2020-2034 (USD Billion)
5.4. Electric Vehicle
- 5.4.1. Global Automotive Powertrain Systems Market, by Electric Vehicles, by Region, 2020-2034 (USD Billion)
- 5.4.2. Battery Electric Vehicle (BEV)
  - 5.4.2.1. Global Automotive Powertrain Systems Market, by Battery Electric Vehicle (BEV), by Region, 2020-2034 (USD Billion)
- 5.4.3. Plug-in-Hybrid Vehicles
  - 5.4.3.1. Global Automotive Powertrain Systems Market, by Plug-in-Hybrid Vehicles, by Region, 2020-2034 (USD Billion)

6. Global Automotive Powertrain Systems Market, by Vehicle Type

6.1. Key Findings
6.2. Introduction
- 6.2.1. Global Automotive Powertrain Systems Market, by Vehicle Type, 2020-2034 (USD Billion)
6.3. Passenger Cars
- 6.3.1. Global Automotive Powertrain Systems Market, by Passenger Cars, by Region, 2020-2034 (USD Billion)
6.4. Commercial Vehicles
- 6.4.1. Global Automotive Powertrain Systems Market, by Commercial Vehicles, by Region, 2020-2034 (USD Billion)

7. Global Automotive Powertrain Systems Market, by Geography

7.1. Key Findings
7.2. Introduction
- 7.2.1. Automotive Powertrain Systems Market Assessment, By Geography, 2020-2034 (USD Billion)
7.3. Automotive Powertrain Systems Market - North America
- 7.3.1. North America: Automotive Powertrain Systems Market, by Propulsion Type, 2020-2034 (USD Billion)
- 7.3.2. North America: Automotive Powertrain Systems Market, by Vehicle Type, 2020-2034 (USD Billion)
- 7.3.3. Automotive Powertrain Systems Market - U.S.
  - 7.3.3.1. U.S.: Automotive Powertrain Systems Market, by Propulsion Type, 2020-2034 (USD Billion)
  - 7.3.3.2. U.S.: Automotive Powertrain Systems Market, by Vehicle Type, 2020-2034 (USD Billion)
- 7.3.4. Automotive Powertrain Systems Market - Canada
  - 7.3.4.1. Canada: Automotive Powertrain Systems Market, by Propulsion Type, 2020-2034 (USD Billion)
  - 7.3.4.2. Canada: Automotive Powertrain Systems Market, by Vehicle Type, 2020-2034 (USD Billion)
7.4. Automotive Powertrain Systems Market - Europe
- 7.4.1. Europe: Automotive Powertrain Systems Market, by Propulsion Type, 2020-2034 (USD Billion)
- 7.4.2. Europe: Automotive Powertrain Systems Market, by Vehicle Type, 2020-2034 (USD Billion)
- 7.4.3. Automotive Powertrain Systems Market - UK
  - 7.4.3.1. UK: Automotive Powertrain Systems Market, by Propulsion Type, 2020-2034 (USD Billion)
  - 7.4.3.2. UK: Automotive Powertrain Systems Market, by Vehicle Type, 2020-2034 (USD Billion)
- 7.4.4. Automotive Powertrain Systems Market - France
  - 7.4.4.1. France: Automotive Powertrain Systems Market, by Propulsion Type, 2020-2034 (USD Billion)
  - 7.4.4.2. France: Automotive Powertrain Systems Market, by Vehicle Type, 2020-2034 (USD Billion)
- 7.4.5. Automotive Powertrain Systems Market - Germany
  - 7.4.5.1. Germany: Automotive Powertrain Systems Market, by Propulsion Type, 2020-2034 (USD Billion)
  - 7.4.5.2. Germany: Automotive Powertrain Systems Market, by Vehicle Type, 2020-2034 (USD Billion)
- 7.4.6. Automotive Powertrain Systems Market - Italy
  - 7.4.6.1. Italy: Automotive Powertrain Systems Market, by Propulsion Type, 2020-2034 (USD Billion)
  - 7.4.6.2. Italy: Automotive Powertrain Systems Market, by Vehicle Type, 2020-2034 (USD Billion)
- 7.4.7. Automotive Powertrain Systems Market - Spain
  - 7.4.7.1. Spain: Automotive Powertrain Systems Market, by Propulsion Type, 2020-2034 (USD Billion)
  - 7.4.7.2. Spain: Automotive Powertrain Systems Market, by Vehicle Type, 2020-2034 (USD Billion)
- 7.4.8. Automotive Powertrain Systems Market - Netherlands
  - 7.4.8.1. Netherlands: Automotive Powertrain Systems Market, by Propulsion Type, 2020-2034 (USD Billion)
  - 7.4.8.2. Netherlands: Automotive Powertrain Systems Market, by Vehicle Type, 2020-2034 (USD Billion)
- 7.4.9. Automotive Powertrain Systems Market - Russia
  - 7.4.9.1. Russia: Automotive Powertrain Systems Market, by Propulsion Type, 2020-2034 (USD Billion)
  - 7.4.9.2. Russia: Automotive Powertrain Systems Market, by Vehicle Type, 2020-2034 (USD Billion)
- 7.4.10. Automotive Powertrain Systems Market - Rest of Europe
  - 7.4.10.1. Rest of Europe: Automotive Powertrain Systems Market, by Propulsion Type, 2020-2034 (USD Billion)
  - 7.4.10.2. Rest of Europe: Automotive Powertrain Systems Market, by Vehicle Type, 2020-2034 (USD Billion)
7.5. Automotive Powertrain Systems Market - Asia Pacific
- 7.5.1. Asia Pacific: Automotive Powertrain Systems Market, by Propulsion Type, 2020-2034 (USD Billion)
- 7.5.2. Asia Pacific: Automotive Powertrain Systems Market, by Vehicle Type, 2020-2034 (USD Billion)
- 7.5.3. Automotive Powertrain Systems Market - China
  - 7.5.3.1. China: Automotive Powertrain Systems Market, by Propulsion Type, 2020-2034 (USD Billion)
  - 7.5.3.2. China: Automotive Powertrain Systems Market, by Vehicle Type, 2020-2034 (USD Billion)
- 7.5.4. Automotive Powertrain Systems Market - India
  - 7.5.4.1. India: Automotive Powertrain Systems Market, by Propulsion Type, 2020-2034 (USD Billion)
  - 7.5.4.2. India: Automotive Powertrain Systems Market, by Vehicle Type, 2020-2034 (USD Billion)
- 7.5.5. Automotive Powertrain Systems Market - Malaysia
  - 7.5.5.1. Malaysia: Automotive Powertrain Systems Market, by Propulsion Type, 2020-2034 (USD Billion)
  - 7.5.5.2. Malaysia: Automotive Powertrain Systems Market, by Vehicle Type, 2020-2034 (USD Billion)
- 7.5.6. Automotive Powertrain Systems Market - Japan
  - 7.5.6.1. Japan: Automotive Powertrain Systems Market, by Propulsion Type, 2020-2034 (USD Billion)
  - 7.5.6.2. Japan: Automotive Powertrain Systems Market, by Vehicle Type, 2020-2034 (USD Billion)
- 7.5.7. Automotive Powertrain Systems Market - Indonesia
  - 7.5.7.1. Indonesia: Automotive Powertrain Systems Market, by Propulsion Type, 2020-2034 (USD Billion)
  - 7.5.7.2. Indonesia: Automotive Powertrain Systems Market, by Vehicle Type, 2020-2034 (USD Billion)
- 7.5.8. Automotive Powertrain Systems Market - South Korea
  - 7.5.8.1. South Korea: Automotive Powertrain Systems Market, by Propulsion Type, 2020-2034 (USD Billion)
  - 7.5.8.2. South Korea: Automotive Powertrain Systems Market, by Vehicle Type, 2020-2034 (USD Billion)
- 7.5.9. Automotive Powertrain Systems Market - Australia
  - 7.5.9.1. Australia: Automotive Powertrain Systems Market, by Propulsion Type, 2020-2034 (USD Billion)
  - 7.5.9.2. Australia: Automotive Powertrain Systems Market, by Vehicle Type, 2020-2034 (USD Billion)
- 7.5.10. Automotive Powertrain Systems Market - Rest of Asia Pacific
  - 7.5.10.1. Rest of Asia Pacific: Automotive Powertrain Systems Market, by Propulsion Type, 2020-2034 (USD Billion)
  - 7.5.10.2. Rest of Asia Pacific: Automotive Powertrain Systems Market, by Vehicle Type, 2020-2034 (USD Billion)
7.6. Automotive Powertrain Systems Market - Middle East & Africa
- 7.6.1. Middle East & Africa: Automotive Powertrain Systems Market, by Propulsion Type, 2020-2034 (USD Billion)
- 7.6.2. Middle East & Africa: Automotive Powertrain Systems Market, by Vehicle Type, 2020-2034 (USD Billion)
- 7.6.3. Automotive Powertrain Systems Market - Saudi Arabia
  - 7.6.3.1. Saudi Arabia: Automotive Powertrain Systems Market, by Propulsion Type, 2020-2034 (USD Billion)
  - 7.6.3.2. Saudi Arabia: Automotive Powertrain Systems Market, by Vehicle Type, 2020-2034 (USD Billion)
- 7.6.4. Automotive Powertrain Systems Market - UAE
  - 7.6.4.1. UAE: Automotive Powertrain Systems Market, by Propulsion Type, 2020-2034 (USD Billion)
  - 7.6.4.2. UAE: Automotive Powertrain Systems Market, by Vehicle Type, 2020-2034 (USD Billion)
- 7.6.5. Automotive Powertrain Systems Market - Israel
  - 7.6.5.1. Israel: Automotive Powertrain Systems Market, by Propulsion Type, 2020-2034 (USD Billion)
  - 7.6.5.2. Israel: Automotive Powertrain Systems Market, by Vehicle Type, 2020-2034 (USD Billion)
- 7.6.6. Automotive Powertrain Systems Market - South Africa
  - 7.6.6.1. South Africa: Automotive Powertrain Systems Market, by Propulsion Type, 2020-2034 (USD Billion)
  - 7.6.6.2. South Africa: Automotive Powertrain Systems Market, by Vehicle Type, 2020-2034 (USD Billion)
- 7.6.7. Automotive Powertrain Systems Market - Rest of Middle East & Africa
  - 7.6.7.1. Rest of Middle East & Africa: Automotive Powertrain Systems Market, by Propulsion Type, 2020-2034 (USD Billion)
  - 7.6.7.2. Rest of Middle East & Africa: Automotive Powertrain Systems Market, by Vehicle Type, 2020-2034 (USD Billion)
7.7. Automotive Powertrain Systems Market - Latin America
- 7.7.1. Latin America: Automotive Powertrain Systems Market, by Propulsion Type, 2020-2034 (USD Billion)
- 7.7.2. Latin America: Automotive Powertrain Systems Market, by Vehicle Type, 2020-2034 (USD Billion)
- 7.7.3. Automotive Powertrain Systems Market - Mexico
  - 7.7.3.1. Mexico: Automotive Powertrain Systems Market, by Propulsion Type, 2020-2034 (USD Billion)
  - 7.7.3.2. Mexico: Automotive Powertrain Systems Market, by Vehicle Type, 2020-2034 (USD Billion)
- 7.7.4. Automotive Powertrain Systems Market - Brazil
  - 7.7.4.1. Brazil: Automotive Powertrain Systems Market, by Propulsion Type, 2020-2034 (USD Billion)
  - 7.7.4.2. Brazil: Automotive Powertrain Systems Market, by Vehicle Type, 2020-2034 (USD Billion)
- 7.7.5. Automotive Powertrain Systems Market - Argentina
  - 7.7.5.1. Argentina: Automotive Powertrain Systems Market, by Propulsion Type, 2020-2034 (USD Billion)
  - 7.7.5.2. Argentina: Automotive Powertrain Systems Market, by Vehicle Type, 2020-2034 (USD Billion)
- 7.7.6. Automotive Powertrain Systems Market - Rest of Latin America
  - 7.7.6.1. Rest of Latin America: Automotive Powertrain Systems Market, by Propulsion Type, 2020-2034 (USD Billion)
  - 7.7.6.2. Rest of Latin America: Automotive Powertrain Systems Market, by Vehicle Type, 2020-2034 (USD Billion)

8. Competitive Landscape

8.1. Expansion and Acquisition Analysis
- 8.1.1. Expansion
- 8.1.2. Acquisitions
8.2. Partnerships/Collaborations/Agreements/Exhibitions

9. Company Profiles

9.1. BorgWarner Inc.
- 9.1.1. Company Overview
- 9.1.2. Financial Performance
- 9.1.3. Product Benchmarking
- 9.1.4. Recent Development
9.2. Continental AG
- 9.2.1. Company Overview
- 9.2.2. Financial Performance
- 9.2.3. Product Benchmarking
- 9.2.4. Recent Development
9.3. Magna International Inc.
- 9.3.1. Company Overview
- 9.3.2. Financial Performance
- 9.3.3. Product Benchmarking
- 9.3.4. Recent Development
9.4. Marelli Holdings Co. Ltd
- 9.4.1. Company Overview
- 9.4.2. Financial Performance
- 9.4.3. Product Benchmarking
- 9.4.4. Recent Development
9.5. Mitsubishi Electric Corporation
- 9.5.1. Company Overview
- 9.5.2. Financial Performance
- 9.5.3. Product Benchmarking
- 9.5.4. Recent Development
9.6. NIDEC CORPORATION
- 9.6.1. Company Overview
- 9.6.2. Financial Performance
- 9.6.3. Product Benchmarking
- 9.6.4. Recent Development
9.7. Robert Bosch GmbH
- 9.7.1. Company Overview
- 9.7.2. Financial Performance
- 9.7.3. Product Benchmarking
- 9.7.4. Recent Development
9.8. Schaeffler AG
- 9.8.1. Company Overview
- 9.8.2. Financial Performance
- 9.8.3. Product Benchmarking
- 9.8.4. Recent Development
9.9. ZF Friedrichshafen AG
- 9.9.1. Company Overview
- 9.9.2. Financial Performance
- 9.9.3. Product Benchmarking
- 9.9.4. Recent Development
9.10. VALEO
- 9.10.1. Company Overview
- 9.10.2. Financial Performance
- 9.10.3. Product Benchmarking
- 9.10.4. Recent Development