Automotive Powertrain Market: Battery Electric Vehicle Segment is Projected to Reflect the Fastest G
The report provides a robust analysis on the automotive powertrain market underpinned by qualitative and quantitative analysis. The report sheds light on the segregation of the market to provide an in-depth view of the market. Further, the report delineates the dynamics of the market which have significant impact on the development of the lithography market: drivers, restraints, trends and opportunities.
[ClickPress, Wed Jun 12 2019] The report provides a robust analysis on the automotive powertrain market underpinned by qualitative and quantitative analysis. The report sheds light on the segregation of the market to provide an in-depth view of the market. Further, the report delineates the dynamics of the market which have significant impact on the development of the lithography market: drivers, restraints, trends and opportunities.
Against the backdrop of unsustainable petroleum consumption, governments are propelling environmental regulations for automotive manufacturers. Sophisticated vehicle technologies have shown their mettle for lessening fuel consumption and vehicle emissions. A coherent research into vehicle electrification has become the latest automotive trend as hybrid electric vehicles (HEVs) and battery elective vehicles (BEVs) offer capacity for plethora of energy savings.
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Almost every manufacturer is downsizing its stable of engines by replacing bigger engines with smaller versions, or boosting the mix of existing smaller displacements without consolidating engine offerings. Additionally, manufacturers are heavily focusing on integrating engine management sensors to enhance the efficiency of the engine and bolster the fuel economy. According to the study, automotive manufacturers are having high hopes on automotive powertrains equipped with smart actuators and sensor clusters. These substantiate the need to integrate automotive components such as smart actuators, transmission and sensor clusters, which is anticipated to fuel the demand for automotive powertrain. Manufacturers are also vying to focus on leading technological features such as combustion control system.
According to the report, demand for mid-sized vehicles is projected to spurt in the wake of relatively cheaper prices. On the other hand, battery electric vehicle segment is expected to observe the fastest growth in the automotive powertrain market.
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Gasoline Powertrain to Represent a Leading Segment
Growing need for power in all the wheels of the vehicle is expected to rev up demand for all wheel drive in the automotive industry. On the basis of position type, the all wheel drive segment is expected to represent the highest revenue growth, accounting for a value of over US$ 80 Mn by the end of 2026. Moreover, the all wheel drive position type segment is expected to register a robust CAGR throughout the forecast period.
Based on vehicle type, the light commercial vehicle segment is expected to generate significant revenues, recording a value of over US$ 30 Mn by the end of 2017. However, the mid-sized vehicle type segment and the compact vehicles segment is expected to register a significant CAGR through 2026.
The sale of automotive powertrain is anticipated to rise substantially owing to soaring demand for high towering capacity, propelling acceleration and generating power in the engine. Meanwhile, there has been growing traction for plug-in hybrid electric vehicle (PHEV) which presents the ability to charge deplete the battery like a battery electric vehicles for improved efficiency on short trips and the ability to consumer fuel for longer trips. Accordingly, plug-in hybrid electric vehicle provides fuel saving potential vis-à-vis conventional vehicles.
Automotive Powertrain Market: Competitive Landscape
Leading market players operating in the global automotive powertrain market include General Motors, Ford Motors, Volkswagen Group, Hyundai, Toyota, BorgWarner Inc., JTEKT Corp., GKN plc., Magna Powertrain Ltd. and Delphi Automobile LLP.
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