Automotive Drivetrain Market report represents the revenue opportunities in the market through to 2019, highlights the market size and growth by technology, geography, type and size. The report outlines the evolution of the industry and identifies and assesses the best performing vendors in the market.
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Automotive Drivetrain Market highlights key players such as Aisin Seiki Co., Ltd, American Axle & Manufacturing, Inc, BorgWarner Inc, GKN plc, Dana Holding Corporation, ZFTRW, Magna International Inc., Schaeffler Group, Showa Corporation, JTEKT Corporation.
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The automotive drive train market is projected to grow at a CAGR of 6.18%,to reach a market size of USD 278.57 billion by 2021. Several countries are attempting to shift to greener and lighter transportation solutions.
The heavy, rigid shafts used in Sports Utility Vehicles (SUVs)/Multi-Utility Vehicles (MUVs)/Multi-Purpose Vehicles (MPVs), LCVs, and some big saloon sedans contribute to the weight of the vehicle.
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The automotive industry is witnessing a growing trend of lightweight hollow shafts. The forged construction of hollow shafts, along with their drilling and heat treatment, significantly reduces the weight of the shaft without compromising its torsional stiffness.
These shafts are 15% to 30% lighter than their rigid counterparts. The lightweight shafts are generally equipped in hatchbacks and small and mid-size sedans.
OEMs are exhibiting a growing inclination towards lightweight hollow shafts, and are using them in SUVs/MUVs/MPVs.
Battery Electric Vehicles (BEVs) are expected to dominate the electric vehicle segment of the automotive drive train market. According to the International Energy Agency,1 million electric cars were sold in 2015.
Ambitious targets and policy support have lowered vehicle costs, extended vehicle range, and reduced consumer barriers in a number of countries. The market share of electric cars rose above 1% in seven countries in 2015: Norway, The Netherlands, Sweden, Denmark, France, China, and the U.K.
Industries, governments, and early adopters have succeeded in demonstrating that electric cars can deliver the practicality, sustainability, safety, and affordability expected from them.
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A vehicle loses traction in accident-prone conditions such as heavy rain, icy roads, and watery surfaces. In countries such as the U.S., Canada, and Germany, where roads are frequently covered with heavy snow, vehicles require additional grip and better traction to be sufficiently under the control of the driver.
In such situations, vehicles equipped with All-Wheel Drive (AWD) perform well. In rough terrain conditions such as uneven, rocky surfaces, where the traction on all four wheels is never equal, the need for the distribution of torque to different wheels at different times is met by AWD systems.
These systems can send an optimal amount of torque to the tires on demand, providing better traction and stability to the vehicle. Owing to these factors, the demand for AWDs is estimated to increase in regions where the aforementioned conditions exist.
The study contains insights provided by various industry experts, ranging from equipment suppliers to Tier1 companies and OEMs. The break-up of the primaries is as follows:
- By Company Type–Tier1 - 31 %, Tier2 - 57%, and OEMs- 12%
- By Designation - C level - 41%, D level - 19%, and Others- 40%
- By Region - North America -23%, Europe - 34%, and Asia-Pacific - 43%
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The report provides insights with reference to the following points:
Market Development: Comprehensive information about lucrative emerging markets. The report analyzes the automotive drivetrain market across regions
Product Development/Innovation: Detailed insights into R&D activities, upcoming technologies, and new product launches in the automotive drivetrain market
Market Diversification: Detailed information about untapped markets, investments, new products, and recent developments in the automotive drivetrain market
Competitive Assessment: In-depth assessment of strategies, products, and manufacturing capabilities of leading players in the automotive drivetrain market.
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