Automotive Drivetrain Market dominated by few global players Aisin Seiki Co., Ltd, American Axle & Manufacturing, BorgWarner Inc.
The report "Automotive Drivetrain Market by Drive Type
(AWD, RWD, FWD), Vehicle Type (Passenger car, LCV, Buses and Trucks), Electric
Vehicle Drive type (BEV, PHEV, HEV), and Region - Global Forecast to
2021", The automotive drivetrain market is projected to grow at a CAGR of
6.18%, to reach a market size of USD 278.57 Billion by 2021. The market is
driven by factors such as the increasing need for better acceleration,
traction, and towing capabilities in vehicles and the growing demand for
comfort and safety in vehicles.
Browse 69 market data tables and 49 figures spread through
140 pages and in-depth TOC on “Automotive
Drivetrain Market”
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“Increasing need for
better acceleration, traction, and towing capabilities in vehicles is
propelling the growth of the automotive drivetrain market”
Towing capability, traction, and acceleration play a crucial
role in Light Commercial Vehicles (LCVs) and Heavy Commercial Vehicles (HCVs).
Generally, LCVs and HCVs are equipped with Rear Wheel Drive (RWD) for better
towing capability. However, in terms of traction, All-Wheel Drive (AWD) systems
are more effective than conventional RWD systems. Developments in the
automotive drivetrain industry could lead to advanced drivetrain technology
that meets the need for better acceleration and traction. The increasing need
for better acceleration and traction has compelled Tier I companies to enhance
the drivetrain system. The global demand for LCVs and HCVs is increasing at a
promising rate; this is expected to drive the automotive drivetrain market in
the coming future.
“Growing demand for
lightweight shafts to spur the growth of the automotive drivetrain market”
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. 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. The global
trend of vehicle weight reduction will likely propel the demand for hollow
shafts, as these shafts help reduce vehicle weight. Stringent emission norms
and standards are also driving the market for lightweight hollow shafts, as
they help reduce emissions and increase fuel efficiency.
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“Asia-Pacific to be
the largest market for automotive drivetrains”
Asia-Pacific is estimated to dominate the automotive
drivetrain market and is projected to grow at the highest CAGR during the
forecast period. The region has emerged as a hub for alternative fuel passenger
cars in recent years, with China and Japan as the frontrunners. Governments in
the region are also trying to promote the sales of alternate fuel vehicles
through incentives and tax deductions.
The automotive drivetrain market is dominated by a few
global players and comprises several regional players. Some of the key
manufacturers operating in the market are Aisin Seiki Co., Ltd (Japan),
American Axle & Manufacturing (U.S.), BorgWarner Inc. (U.S.), GKN plc
(U.K.), Magna International Inc. (Canada), Dana Holding Corporation (U.S.),
JTEKT Corporation (Japan), Showa Corporation (Japan), and Schaeffler Group
(Germany).
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