Strategic Analysis to Understand the Competitive Outlook of the Automotive Powertrain Market April 18, 2022
Automotive Powertrain Market –
•
The automotive powertrain is the unit that comprises diverse systems, ranging from the source of power generation and the overall transmission assembly to the tire of the vehicle. For a conventional vehicle, the powertrain comprises multiple components such as an engine, transmission unit, differential, and shaft.
•
The global automotive powertrain market is anticipated to expand at a moderate pace during the forecast period; however, a significant shift in the trend towards the adoption of electric vehicles is likely to be witnessed during the forecast period.
Get a PDF brochure for Industrial Insights and business Intelligence @ https://www.transparencymarketresearch.com/sample/sample.php? flag=B&rep_id=74412
Global Automotive Powertrain Market – Drivers
•
The market for the automotive powertrain is driven by the production of vehicles and demand for aftermarket components of the power train unit.
•
Developments in technology, such as the introduction of electric and hybrid vehicles that comprise electric motor and battery in the powertrain, are likely to boost the market during the forecast period which is attributable to the high cost of the powertrain battery.
•
High demand for four-wheel drive vehicles contributes to the expansion of the automotive powertrain market, as four-wheel drive vehicles comprise a higher number of components in their powertrain units such as power differentials and transfer cases.
•
The rising stringency of emission norms across the majority of developing and developed countries is boosting the emphasis on engine downsizing, which