Automotive Drivetrain Market Size, Share, Growth and Forecast 2021-2026

*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Automotive Drivetrain Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The global automotive drivetrain market grew at a CAGR of around 6% during 2015-2020. An automotive drivetrain refers to an assembly of multiple components that transmit power or torque to the driving wheel of the vehicle. It consists of a driveshaft, transmission or gearbox, universal (U) joints, constant velocity (CV) joints, wheels and axles. The draft shaft is an extended tubular steel component, which is linked to the gearbox of the vehicle and aids in the rotary movement of the wheels. The joints transmit power to the wheels and facilitate their movement in varying angles and the axles transfer power from the final drive assembly to the wheels. As a result, the drivetrain is a crucial component in manual transmission, automatic transmission, front-wheel drive and four-wheel drive cars and off-lead vehicles.

The growing automotive industry across the globe represents one of the key factors driving the market growth. Furthermore, the increasing adoption of hybrid and electric vehicles (H/EVs) is also augmenting the market growth. Automobile manufacturers are widely integrating high-quality drivetrains in the vehicles to provide enhanced comfort and safety to the passengers. The drivetrains are also used for varying the amount of torque delivered to the engine, thereby providing increased acceleration, traction and towing capabilities. In line with this, the rising demand for lightweight driveshafts for enhanced fuel efficiencies, is also contributing to the market growth. Various technological innovations, such as the development of all-wheel drive (AWD) for passenger cars and sports-utility vehicles (SUVs), are acting as other growth-inducing factors. Moreover, rising expenditure capacities of consumers, especially in the developing economies, along with the electrification of drivetrain components, are anticipated to drive the market further. Looking forward, IMARC Group expects the global automotive drivetrain market to exhibit moderate growth during the next five years.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global automotive drivetrain market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, vehicle type and drive type.

Breakup by Vehicle Type:

Passenger Cars
Light Commercial Vehicles
Heavy Commercial Vehicles
Others

Breakup by Drive Type:

All Wheel Drive
Front Wheel Drive
Rear Wheel Drive

Breakup by Region:

North America
- United States
- Canada
Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
Latin America
- Brazil
- Mexico
- Others
Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Aisin Seiki Co. Ltd., American Axle & Manufacturing Inc., Borgwarner Inc., Dana Incorporated, ZF Friedrichshafen AG (9Zeppelin-Stiftung), GKN Automotive Limited (Melrose Industries), JTEKT Corporation, Magna International Inc., Schaeffler Technologies AG & Co. KG and Showa Corporation.

Key Questions Answered in This Report:

How has the global automotive drivetrain market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global automotive drivetrain market?
What are the key regional markets?
What is the breakup of the market based on the vehicle type?
What is the breakup of the market based on the drive type?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global automotive drivetrain market and who are the key players?
What is the degree of competition in the industry?