Apr 7, 2020   SOURCE: BusinessWire

2020 Powertrain and Powertrain Parts Global Market Report - Identify Growth Segments for Investment - ResearchAndMarkets.com

The "Powertrain and Powertrain Parts Global Market Report 2020" report has been added to ResearchAndMarkets.com's offering.

The global powertrain and powertrain parts market was worth $607.1 billion in 2019. It is expected to grow at a compound annual growth rate (CAGR) of 8.76% and reach $849.38 billion by 2023.

Powertrain and Powertrain Parts Global Market Report 2020 from the publisher provides the strategists, marketers and senior management with the critical information they need to assess the global powertrain and powertrain parts market.

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The powertrain and powertrain parts market covered in this report is segmented by components into engine, transmission, drive shafts, differentials and final drive. It is segmented by technology into hybrid and automated and by vehicle type into passenger car (PC), commercial vehicle (CV), off-road vehicles, construction equipment, defense vehicles, and agricultural vehicles.

The powertrain and powertrain parts market consist of sales of powertrain and powertrain parts and related services. The powertrain refers to a system that converts power of the engine into vehicle's movement. The powertrain parts include the engine, transmission, the driveshaft, differentials, and axles among others. The vehicle's performance and efficiency are defined by its powertrain system and its related parts.

The powertrain and powertrain parts market has been geographically segmented into North America, Western Europe, Asia-Pacific, Eastern Europe, South America and Middle East & Africa. Asia Pacific was the largest region in the powertrain and powertrain parts market in 2019.

The powertrain and powertrain parts market is driven by the increasing demand for improved fuel efficiency. The amount of fuel consumed depends on the engine, the type of fuel used, and the efficiency with which the output of the engine is transmitted to the wheels. The powertrain system transmits the engine energy to the wheels of the vehicle and helps in reducing the speed of the engine to save fuel. According to a survey by Consumer Reports in 2018, 85% of American adults demanded that automakers should continue to improve fuel economy for all types of vehicles. The need to increase the fuel efficiency promotes the development of new powertrain systems that are economical and more fuel efficient.

Key Topics Covered:

1. Executive Summary

2. Powertrain and Powertrain Parts Market Characteristics

3. Powertrain and Powertrain Parts Market Size and Growth

3.1. Global Powertrain and Powertrain Parts Historic Market, 2015 - 2019, $ Billion

3.1.1. Drivers of the Market

3.1.2. Restraints on the Market

3.2. Global Powertrain and Powertrain Parts Forecast Market, 2019 - 2023F, 2025F, 2030F, $ Billion

3.2.1. Drivers of the Market

3.2.2. Restraints on the Market

4. Powertrain and Powertrain Parts Market Segmentation

4.1. Global Powertrain and Powertrain Parts Market, Segmentation by Components, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

4.2. Global Powertrain and Powertrain Parts Market, Segmentation by Technology, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

4.3. Global Powertrain and Powertrain Parts Market, Segmentation Vehicle Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

5. Powertrain and Powertrain Parts Market Regional and Country Analysis

5.1. Global Powertrain and Powertrain Parts Market, Split by Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

5.2. Global Powertrain and Powertrain Parts Market, Split by Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Companies Mentioned

  • Aisin Seiki
  • Allison Transmission
  • American Axle & Manufacturing
  • Aw North Carolina
  • BorgWarner Inc.
  • Borgwarner Transmission Systems
  • Capco Automotive Products Corporation
  • Cloyes Gear and Products
  • Delphi Technologies
  • Delphi Technologies
  • Dexter Axle Company
  • Fabco Automotive Corporation
  • Ford Motor Company
  • General Motors Company
  • Hyundai Motor Company
  • John Deere Coffeyville Works
  • JTEKT Corporation
  • Jtekt Corporation
  • Kyklos Bearing International
  • Powertech America
  • Reliance Electric Company
  • The Gleason Works
  • Thyssenkrupp Crankshaft Company
  • Toyota Motor Corporation
  • Volkswagen AG
  • Warner Electric
  • ZF Friedrichshafen AG

For more information about this report visit https://www.researchandmarkets.com/r/xxyw4g