Powertrain Market

Powertrain Market - Global Market Share, Trends, Analysis and Forecast, 2023-2032
Frequently asked questions about this report

The powertrain market is expected to reach US$ 377.84 Billion by 2032.

The powertrain market is expected grow at a CAGR of 6.8% from 2023 to 2032.

The powertrain market was estimated to be US$ 195.7 Billion in 2022.

Stringent emission regulations, increasing demand for fuel-efficient vehicles, and growing adoption of electric and hybrid powertrain technologies are the major drivers for powertrain market growth.

The engine is the largest component type in the global powertrain market. This is because the engine is the primary component that converts chemical energy into mechanical energy, which is then used to power the vehicle.

The powertrain market key players are Aisin Seiki Co., Ltd., BorgWarner Inc., Continental AG, Delphi Technologies, Denso Corporation, Eaton Corporation, Ford Motor Company, General Motors Company, GKN Automotive Limited, Honda Motor Co., Ltd., Magna International Inc., Robert Bosch GmbH, Schaeffler AG, Tenneco Inc., ZF Friedrichshafen AG and many more.

The Asia-Pacific region is a key market for the powertrain industry due to its large automotive market, rapid industrialization, and growing consumer demand.