Automotive Electric Drivetrain System Market Size is poised to grow at 5.98 % compound annual growth rate and reach $256 Billion value by 2023 globally. Automotive Electric Drivetrain System Market 2019 Global Industry Forecast to 2023 is latest Global Automotive Electric Drivetrain System Industry
Pune, India – January 9, 2019 —
Automotive Electric Drivetrain System Market 2019 Global Industry Forecast to 2023 is latest Global Automotive Electric Drivetrain System Industry research report published by “Market Research Future”. For depth analysis, Global Automotive Electric Drivetrain System Market is segmented by Type (All-Wheel Drive, Rear Wheel Drive, Front Wheel Drive), Electric Vehicle Drivetrain Type (BEV, PHEV, HEV), Vehicle Type (Passenger car and Commercial Vehicle) and Region.
Global Automotive Electric Drivetrain System Market Highlights:
The use of manual transmission has dipped considerably in the past few years to give way to electrification. Market focused reports linked with the automobile industry among others recently have been made available by Market Research Future which issues reports on this industry.
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Automotive Electric Drivetrain System Market Key Companies Studied in this report are Controls International plc.(U.S.), Haldex Incorporated (Sweden), ZF TRW Automotive Holdings Corporation (U.S.), Hitachi Ltd.(Japan), EnerSys (U.S.), Furukawa Electric Co. Ltd. (Japan), Leoch International Tech (China), GS Yuasa Corporation (Japan), Crown Battery Manufacturing Company (U.S.), and Exide Industries Limited (India).
The shift to electrification from manual transmission is one of the biggest changes in the automotive industry. The automotive drivetrain is the component of the vehicle that includes drive shafts, wheel, axles, U Joints, CV joints, and transmission. All the parts of the drivetrain are responsible for providing transmission so as to move the wheels of the vehicle forward. In other words, it transfers power to the wheels of the vehicle. The driveshaft is the long steel structure in tubular form that is linked with the gearbox of the vehicle to provide the rotary movement in the wheel. Universal joint is the main component that allows the wheel to move in different angles. Axle is the connected shaft between the wheels and the drive system and provides the transmission power to the wheel for making it rotate. Drivetrain is also called powertrain train. The only difference is that the powertrain consists of whole system that provides power to the wheels while drivetrain consists of components that link the driveline and wheel. In future, electric drivetrain will replace manual transmission drivetrain because of its better efficiency and environment friendliness.
The stimulus for the market’s growth has changed the competitive backdrop of the market. By making certain supply and demand are in balance, the competitors can reveal new opportunities for growth. The prominent trends and players have led to a positive tone for development. The important trends and players have established a positive tone for development. The prospects for growth and innovation have amplified at a rapid pace transforming the market. Engaging and converting prospective opportunities is modifying the growth pace of the market considerably. The competitors in the market have been encouraged to plan strategic road-maps that capitalize on the positive market cues.
Factors such as an upsurge in the sales of electric driven vehicle and amplified fuel efficiency of vehicles are contributing in a major way to the development of the market in the forecast period. The drivetrain market is also expected to contribute indirectly to the growth of the automotive electric drivetrain systems. The consumer demand for better fuel efficiency in vehicles is also anticipated to develop the market to a great degree in the duration of the forecast period.
Market Segments Analysis:
The automotive electric drivetrain system market is segmented based on types, electric drivetrain types, vehicle type, and region.
On the basis of type, the market as segmented as all-wheel drive, rear wheel drive, and front wheel drive. The all wheel drive is expected to witness the highest growth during the forecast period because it provides power to all the vehicles. Front-wheel-drive is expected to be the second largest market because it provides fuel efficiency and reduces emission of carbon dioxide. In case of rear wheel drive, all the power is transmitted to the rear wheel, and there is no power in the front wheels which makes it less efficient.
On the basis of electric drivetrain type, the market is segmented based on BEV, PHEV, and, HEV. Battery Electric Vehicle (BEV) is expected to dominate the automotive electric drivetrain market because the battery electric vehicle has low vehicle cost and reduce emission. The increase in the sale of electric vehicle, will result in the growth of battery electric vehicle, which will drive the growth of electric drivetrains in battery electric vehicles.
The regions included in the regional analysis of the market consists of Asia Pacific, North America, Europe, and Rest of the World. The Asia Pacific region is anticipated to control the drivetrain market owing to the rise in the production of vehicles. The Asia Pacific region is typically controlled by the front wheel vehicle segment because of its capability to deliver improved fuel efficiency and performance.
In the Asia Pacific region, the front wheel drive occurs mainly in the passenger cars that are driven by families. In addition to this, the automotive manufacturers are increasing various technologies to deliver improved efficiency in all-wheel-drive (AWD). In India and China, AWD is anticipated to lead the market, in the future due to the introduction of compact crossovers, which will make available a sports utility feature to the vehicle. The European region is foreseen to be the next biggest region in this market. As most automotive manufacturers are working to advance cutting-edge hybrid, electric and fuel cell technology for vehicles that can deliver better efficiency will fuel the development of the market in the European region.
Table Of Contents:
1 Executive Summary
2 Research Methodology
2.1 Scope Of The Stud
2.1.2 Research Objective
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market Size Estimation
2.4 Forecast Model
3 Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Supply/Value Chain Analysis
3.4 Porter’s Five Forces Analysis
4.2 Forward Collision Warning
4.3 Dynamic Brake Support
4.4 Crash Imminent Braking
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