The rising demand for high-performance vehicles is driving the automotive powertrain market growth. Additionally, the growing trend for engine downsizing to reduce fuel efficiency and emission is expected to increase the sales of automotive powertrain. Likewise, stringent emission norms in various countries have propelled the demand for superior powertrain. Moreover, the need for enhanced driving dynamics is driving the market growth. However, high cost associated for sustainable powertrain system is hampering the market growth. Furthermore, high demand for four-wheel drive is proliferating market growth.
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Key Market Players
Toyota Motor Corporation
Hyundai Motor Corporation
ZF Friedrichshafen AG
JTEKT Corporation
Volkswagen AG
Ford Motor Company
GKN PLC
Aisin Seiki Co. Ltd
General Motors Company
Borgwarner Inc.
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COVID-19 scenario analysis:
- The novel coronavirus is escalating threat on economies around the world. Besides the shutdown of industries has impacted in revenue generation and recession.
- Additionally, due to the impact of COVID-19 and the implication of strict physical distancing norms will anticipate considerable decrease in use of public transport.
- Moreover, the production of automotive powertrain market has been stopped due to lockdown and supply chain has been disrupted.
- With consumer preference shifting toward essential items, sales of new vehicles will drop significantly.
- However, shared mobility concept will stop and consumer will prefer cost-effective and eco-friendly mobility solution. This will increase the consumer preference toward hybrid vehicle due to its cost-effectiveness and eco-friendliness factors. This will surge the automotive powertrain market growth.
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With rising number of electric vehicles forecasted in coming years, the demand for E-powertrain will boost. The e-Powertrain eliminates the need for an internal combustion engine. E-powertrain consist of inverter, high-power electric motor, reduction drive and power delivery module (PDM). In 2018, BMW unveiled its new i-lineup, powered by plug-in hybrid as well as electric powertrain.
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Key benefits of the report:
- This study presents the analytical depiction of the automotive powertrain industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the market share.
- The current market is quantitatively analyzed from 2020 to 2027 to highlight the market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed automotive powertrain market analysis based on competitive intensity and how the competition will take shape in coming years.
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