Automotive drivetrain market is anticipated to grow at a CAGR of 5.8% during the forecast period (2023-2030). The market growth is attributed to commercial trends across the globe. The availability of the APP550 highlights the continued trend toward electrification in the automobile sector. To comply with environmental rules and consumer demand for cleaner and more efficient automobiles, many automakers are investing in electric drivetrain technology. Accordingly, market players are coming up with new products to cater to the demand for new electric drivetrain. For instance, in April 2023, Volkswagen revealed the ‘ID.’ EV family’s new generation electric drivetrain. The APP550 innovative electric drivetrain powers ID. According to maintains, the APP550 provides superior performance and more efficiency, therefore Compared to its predecessors, the range of the ID. The APP550 was created specifically for Volkswagen’s MEB. The platform for (Modular Electric Drive) has been introduced.
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The global automotive drivetrain market is segmented on the drive type, absorber type, vehicle type, and application. Based on the vehicle type, the market is sub-segmented passenger cars, commercial vehicles, and electric vehicles. The passenger cars subcategory is expected to capture a significant portion of the market share within the vehicle type segment. This is attributed to the rising income levels among the population have led to an increase in consumer expenditure, on luxuries, and that essentially drives the growth of the automotive drivetrain market.
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- Market Coverage
- Market number available for – 2024-2030
- Base year- 2023
- Forecast period- 2024-2030
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Automotive Drivetrain Market Report Segment
By Drive Type
- Front-Wheel Drive (FWD)
- Rear-Wheel Drive (RWD)
- All-Wheel Drive(AWD)
- Four-Wheel Drive (4WD)
By Vehicle Type
- Passenger Cars
- Commercial Vehicles
- Electric Vehicle
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global automotive drivetrain market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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