Market overview:
European powertrain market was estimated at US$ 289 billion in 2019 and is expected to register a compound annual growth rate of 12.87% over the forecast period.
The powertrain of any vehicle defines its performance, comfort and safety. The engine and transmission are considered the main components of the powertrain, and other key elements include the clutch/torque converter, the drive shaft/propeller shaft, the differential and the axles.
Recent developments:
• In September 2017: Bosch and Nikola established a partnership to develop an electric powertrain, using Bosch e-Axle technology which transmits the engine transmission. These electric powertrains are being designed for long-distance trucks.
• In August 2017, Bosch launched electronic axle transmission for electric cars. The engine, power electronics and drive transmission that are essential in the movement of car shaft are recorded to improve the efficiency of the electric drive.
Market Drivers:
One of the main drivers of the automotive engine market is the expansion of the electric and hybrid vehicle market. The electric vehicle market has grown considerably around the world. Sales of electric vehicles are expected to increase due to lower battery costs and technological improvements, such as increased storage capacity which has led to greater consumer adoption. As global temperatures rise at an alarming rate, governments and industry around the region are committed to reducing greenhouse gas emissions.
The transport sector was one of the main areas of intervention since transport and mobility represent the second share in terms of emissions after the production of electricity. The production and sales of electric vehicles in Europe have increased at a high rate due to a favourable regulatory environment, such as subsidies and tax exemptions for industry and consumers in Europe and the Asia-Pacific regions.
Market Opportunities:
Growing demand for automated transmissions and the growing trend to reduce engine size, which reduces emissions and fuel consumption, are expected to drive growth in the powertrain market. The increasing need for better traction, higher towing capacity and increased vehicle acceleration for safe driving in order to navigate adverse terrain and inclement weather are expected to stimulate demand during the forecast period.
The increased development of advanced automotive features should provide lucrative opportunities for market growth.
Market Restraints:
Customers' reluctance to pay more for a sustainable transmission system and the high investment costs associated with the system are presumed to hamper the automotive powertrain market. In addition, strict emission standards in several countries can be a challenge for demand.
Market Segmentation:
By Vehicle Type:
Based on the vehicle type, passenger cars held the prominent share in the European market due to the increasing production, rising consumer demand and disposable income, and government support initiatives.
By Engine:
Depending on the type of engine, the gasoline engines have more demand; however, they are predicted to substituted by diesel engines due to the growing difference between prices. To overcome such issues, component manufacturers are concentrating on the development of hybrid powertrains to reduce fuel consumption in vehicles.
Regional Analysis:
Europe automotive powertrain market is anticipated to experience a stable growth rate during the forecast period after the economic recession in 2009. Germany is the largest automotive powertrain market in Europe, which is also expected to be the fastest-growing market in this region over the estimated period. The presence of the leading industry players in the area has dramatically stimulated the growth of the industry.
Key Players:
The research report highlights:
• A full context analysis, which includes an evaluation of the parent market
• Significant changes in market dynamics.
• Market segmentation in the second or third level.
• Historical market size, current and projected in terms of value and volume.
• Reports and evaluation of recent industry developments.
• Market shares and strategies of the main actors.
• Niche of emerging segments and regional markets.
• An objective evaluation of the market trajectory.
• Recommendations to companies to strengthen their presence in the market.
1. Introduction
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.1.1 Drivers
4.1.2 Restaints
4.1.3 Opportunities
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.2 Products/Service
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Automotive Powertrain Market, By Vehicle Type
6.1.1 Light Commercial Vehicle (LCV)
6.1.2 Passenger Cars
6.1.3 Heavy Commercial Vehicle (HCV)
6.1.4 Market Size Estimations & Forecasts (2019-2024)
6.1.5 Y-o-Y Growth Rate Analysis
6.1.6 Market Attractiveness Index
6.2 Automotive Powertrain Market, By Engine
6.2.1 Gasoline
6.2.2 Diesel
6.2.3 Market Size Estimations & Forecasts (2019-2024)
6.2.4 Y-o-Y Growth Rate Analysis
6.2.5 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2018 - 2024)
7.2.1 By Country
7.2.1.1 USA
7.2.1.2 Canada
7.2.2 By Vehicle Type
7.2.3 By Engine
7.3 Europe
7.3.1 By Country
7.3.1.1 UK
7.3.1.2 France
7.3.1.3 Germany
7.3.1.4 Spain
7.3.1.5 Italy
7.3.1.6 Rest of Europe
7.3.2 By Vehicle Type
7.3.3 By Engine
7.4 Asia Pacific
7.4.1 By Country
7.4.1.1 China
7.4.1.2 India
7.4.1.3 Japan
7.4.1.4 South Korea
7.4.1.5 South East Asia
7.4.1.6 Australia & NZ
7.4.1.7 Rest of Asia-Pacific
7.4.2 By Vehicle Type
7.4.3 By Engine
7.5 Latin America
7.5.1 By Country
7.5.1.1 Brazil
7.5.1.2 Argentina
7.5.1.3 Mexico
7.5.1.4 Rest of Latin America
7.5.2 By Vehicle Type
7.5.3 By Engine
7.6 Middle East and Africa
7.6.1 By Country
7.6.1.1 Middle East
7.6.1.2 Africa
7.6.2 By Vehicle Type
7.6.3 By Engine
8. Key Player Analysis
8.1 Volkswagen AG
8.1.1 Business Description
8.1.2 Products/Service
8.1.3 Financials
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 BMW
8.3 Ford Motor Company
8.4 General Motors Company
8.5 Toyota Motor Corporation
8.6 Nissan
8.7 Hyundai Motor
8.8 ZF Friedrichshafen AG
8.9 Borgwarner Inc
8.10 GKN Plc
9. Market Outlook & Investment Opportunities
Appendix
List of Tables
List of Figures
