Power Train And Power Train Parts Global Market Report 2023

Description

“Power Train And Power Train Parts Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on power train and power train parts market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
Measure the impact of high global inflation on market growth.
Create regional and country strategies on the basis of local data and analysis.
Identify growth segments for investment.
Outperform competitors using forecast data and the drivers and trends shaping the market.
Understand customers based on the latest market shares.
Benchmark performance against key competitors.
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Where is the largest and fastest growing market for power train and power train parts ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The power train and power train parts market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Components: Engine; Transmission; Drive Shafts; Differentials; Final Drive

2) By Technology: Hybrid; Automated

3) By Vehicle Type: Passenger Car (PC); Commercial Vehicle (CV); Off-Road Vehicles; Construction Equipment; Defence Vehicles; Agricultural Vehicles

Companies Mentioned: Ford Motor Company; General Motors Company; Volkswagen AG; ZF Friedrichshafen AG; Delphi Technologies

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Major players in the powertrain and powertrain parts market are: Ford Motor Company, General Motors Company, Volkswagen AG, ZF Friedrichshafen AG, Delphi Technologies, Toyota Motor Corporation, JTEKT Corporation, Allison Transmission, BorgWarner Inc., and Hyundai Motor Company.

The global power train and power train parts market will grow from $385.88 billion in 2022 to $427.10 billion in 2023 at a compound annual growth rate (CAGR) of 10.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services effecting many markets across the globe. The power train and power train parts market is expected to grow to $616.99 billion in 2027 at a CAGR of 9.6%.

The powertrain and powertrain components market consist of sales of CV joints and the wheels. Values in this market are: 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The powertrain and powertrain components refer to the collection of each part that propels the vehicle forward. The powertrain in the vehicle uses the engine's generated force to transmit it to the wheels on the ground.

Asia Pacific was the largest region in the power train and powertrain parts market in 2022. Western Europe was the second largest market in power train and powertrain parts market. The regions covered in the powertrain and powertrain parts market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

The main types of powertrain and powertrain parts are passenger cars (PC), commercial vehicles (CV), off-road vehicles, construction equipment, defence vehicles, and agricultural vehicles. Commercial vehicles refer to vehicles that are used for commercial purposes. The technologies involved are hybrid and automated. The components of the powertrain and powertrain parts are the engine, transmission, driveshafts, differentials, and final drive.

The powertrain and powertrain parts market are driven by the increasing demand for improved fuel efficiency. The amount of fuel consumed depends on the engine, the type of fuel used, and the efficiency with which the output of the engine is transmitted to the wheels. The powertrain system transmits the engine energy to the wheels of the vehicle and helps in reducing the speed of the engine to save fuel. According to a survey by Consumer Reports, 85% of American adults demanded that automakers should continue to improve fuel economy for all types of vehicles. The need to increase fuel efficiency promotes the development of new powertrain systems that are both economical and more fuel-efficient.

The slow growth in the automobile manufacturing market is expected to limit the growth of the powertrain and powertrain parts market. Automobiles require powertrain and powertrain parts to function, and the slow growth of the industry restricts the demand for powertrain and powertrain parts. According to the International Monetary Fund, car sales fell in 2021 by 5% to 10% in the EU (European Union), but by 9% to 15% in the USA. The report also suggests that the auto sector represented a 20% slowdown in GDP and 30% of the slowdown in global trade. According to the China Passenger Car Association, in April 2022, the sales of passenger vehicles fell 35.7% . Due to the slow growth of the automobile manufacturing sector in economies like India and China, consumers are holding off on purchases of powertrains and powertrain systems, thus lowering the growth of the market.

Powertrain and powertrain parts manufacturers are increasingly investing in the development of new engine management and optimization technology for powertrains. Advanced powertrain systems are being developed to increase the efficiency of the engine and reduce fuel combustion. The popularity of electric vehicles has resulted in the manufacturers of powertrains and powertrain parts investing in powertrains suitable for these electric vehicles. Following the trend, Tata Motors, in 2020, launched the updated electric vehicle, Tata Tigor EV with Ziptron technology. The Ziptron technology that Tata introduced with its vehicles had capabilities far greater than those of the earlier, Xpres-T's powertrain. With Ziptron technology, the Tigor EV can be fast-charged from 0 to 80 percent in about an hour, a significant improvement over the Xpres-T's powertrain.

In 2022, Cummins Inc, a US-based that specializes in designing, manufacturing, and distributing engines, filtration, and power generation products, acquired Meritor for an undisclosed amount. Through acquisition of Meritor's people, products and capabilities, Cummins will position the company as a leading provider of integrated powertrain solutions across internal combustion engines and electric motor. Meritor is a US-based supplier of drivetrain, mobility, braking, aftermarket and electric powertrain solutions for commercial vehicles and industrial applications.

The countries covered in the power train and powertrain parts market include: Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, UK, USA, Australia.

The market value is defined as the revenues that enterprises gain from goods and/or services sold within the specified market and geography through sales, grants, or donations in terms of currency (in USD ($) unless otherwise specified).

The revenues for a specified geography are consumption values - that is, they are revenues generated by organizations in the specified geography within the specified market, irrespective of where they are produced. It does not include revenues from resales either further along the supply chain or as part of other products.

The powertrain and powertrain parts market research report is one of a series of new reports from The Business Research Company that provides powertrain and powertrain parts market statistics, including powertrain and powertrain parts industry global market size, regional shares, competitors with a powertrain and powertrain parts market share, detailed powertrain and powertrain parts market segments, market trends and opportunities, and any further data you may need to thrive in the powertrain and powertrain parts industry. This powertrain and powertrain parts market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.

Product Code: r2494

1. Executive Summary

2. Powertrain And Powertrain Parts Market Characteristics

3. Powertrain And Powertrain Parts Market Trends And Strategies

4. Powertrain And Powertrain Parts Market - Macro Economic Scenario

4.1 COVID-19 Impact On Powertrain And Powertrain Parts Market

4.2 Ukraine-Russia War Impact On Powertrain And Powertrain Parts Market

4.3 Impact Of High Inflation On Powertrain And Powertrain Parts Market

5. Powertrain And Powertrain Parts Market Size And Growth

5.1. Global Powertrain And Powertrain Parts Historic Market, 2017-2022, $ Billion
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints On The Market
5.2. Global Powertrain And Powertrain Parts Forecast Market, 2022-2027F, 2032F, $ Billion
- 5.2.1. Drivers Of The Market
- 5.2.2. Restraints On the Market

6. Powertrain And Powertrain Parts Market Segmentation

6.1. Global Powertrain And Powertrain Parts Market, Segmentation By Components, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Engine
Transmission
Drive Shafts
Differentials
Final Drive
6.2. Global Powertrain And Powertrain Parts Market, Segmentation By Technology, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Hybrid
Automated
6.3. Global Powertrain And Powertrain Parts Market, Segmentation By Vehicle Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Passenger Car (PC
Commercial Vehicle (CV)
Off-Road Vehicles
Construction Equipment
Defence Vehicles
Agricultural Vehicles

7. Powertrain And Powertrain Parts Market Regional And Country Analysis

7.1. Global Powertrain And Powertrain Parts Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
7.2. Global Powertrain And Powertrain Parts Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

8. Asia-Pacific Powertrain And Powertrain Parts Market

8.1. Asia-Pacific Powertrain And Powertrain Parts Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Powertrain And Powertrain Parts Market, Segmentation By Components, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8.3. Asia-Pacific Powertrain And Powertrain Parts Market, Segmentation Vehicle Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

9. China Powertrain And Powertrain Parts Market

9.1. China Powertrain And Powertrain Parts Market Overview
9.2. China Powertrain And Powertrain Parts Market, Segmentation By Components, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
9.3. China Powertrain And Powertrain Parts Market, Segmentation Vehicle Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion

10. India Powertrain And Powertrain Parts Market

10.1. India Powertrain And Powertrain Parts Market, Segmentation By Components, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
10.2. India Powertrain And Powertrain Parts Market, Segmentation Vehicle Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

11. Japan Powertrain And Powertrain Parts Market

11.1. Japan Powertrain And Powertrain Parts Market, Segmentation By Components, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11.2. Japan Powertrain And Powertrain Parts Market, Segmentation Vehicle Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

12. Australia Powertrain And Powertrain Parts Market

12.1. Australia Powertrain And Powertrain Parts Market, Segmentation By Components, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12.2. Australia Powertrain And Powertrain Parts Market, Segmentation Vehicle Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

13. Indonesia Powertrain And Powertrain Parts Market

13.1. Indonesia Powertrain And Powertrain Parts Market, Segmentation By Components, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13.2. Indonesia Powertrain And Powertrain Parts Market, Segmentation Vehicle Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

14. South Korea Powertrain And Powertrain Parts Market

14.1. South Korea Powertrain And Powertrain Parts Market, Segmentation By Components, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14.2. South Korea Powertrain And Powertrain Parts Market, Segmentation Vehicle Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

15. Western Europe Powertrain And Powertrain Parts Market

15.1. Western Europe Powertrain And Powertrain Parts Market Overview
15.2. Western Europe Powertrain And Powertrain Parts Market, Segmentation By Components, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15.3. Western Europe Powertrain And Powertrain Parts Market, Segmentation Vehicle Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

16. UK Powertrain And Powertrain Parts Market

16.1. UK Powertrain And Powertrain Parts Market, Segmentation By Components, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16.2. UK Powertrain And Powertrain Parts Market, Segmentation Vehicle Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

17. Germany Powertrain And Powertrain Parts Market

17.1. Germany Powertrain And Powertrain Parts Market, Segmentation By Components, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17.2. Germany Powertrain And Powertrain Parts Market, Segmentation Vehicle Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

18. France Powertrain And Powertrain Parts Market

18.1. France Powertrain And Powertrain Parts Market, Segmentation By Components, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18.2. France Powertrain And Powertrain Parts Market, Segmentation Vehicle Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

19. Eastern Europe Powertrain And Powertrain Parts Market

19.1. Eastern Europe Powertrain And Powertrain Parts Market Overview
19.2. Eastern Europe Powertrain And Powertrain Parts Market, Segmentation By Components, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19.3. Eastern Europe Powertrain And Powertrain Parts Market, Segmentation Vehicle Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

20. Russia Powertrain And Powertrain Parts Market

20.1. Russia Powertrain And Powertrain Parts Market, Segmentation By Components, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20.2. Russia Powertrain And Powertrain Parts Market, Segmentation Vehicle Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

21. North America Powertrain And Powertrain Parts Market

21.1. North America Powertrain And Powertrain Parts Market Overview
21.2. North America Powertrain And Powertrain Parts Market, Segmentation By Components, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21.3. North America Powertrain And Powertrain Parts Market, Segmentation Vehicle Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

22. USA Powertrain And Powertrain Parts Market

22.1. USA Powertrain And Powertrain Parts Market Overview
22.2. USA Powertrain And Powertrain Parts Market, Segmentation By Components, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22.3. USA Powertrain And Powertrain Parts Market, Segmentation Vehicle Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

23. South America Powertrain And Powertrain Parts Market

23.1. South America Powertrain And Powertrain Parts Market Overview
23.2. South America Powertrain And Powertrain Parts Market, Segmentation By Components, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23.3. South America Powertrain And Powertrain Parts Market, Segmentation Vehicle Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

24. Brazil Powertrain And Powertrain Parts Market

24.1. Brazil Powertrain And Powertrain Parts Market, Segmentation By Components, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24.2. Brazil Powertrain And Powertrain Parts Market, Segmentation Vehicle Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

25. Middle East Powertrain And Powertrain Parts Market

25.1. Middle East Powertrain And Powertrain Parts Market Overview
25.2. Middle East Powertrain And Powertrain Parts Market, Segmentation By Components, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25.3. Middle East Powertrain And Powertrain Parts Market, Segmentation Vehicle Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

26. Africa Powertrain And Powertrain Parts Market

26.1. Africa Powertrain And Powertrain Parts Market Overview
26.2. Africa Powertrain And Powertrain Parts Market, Segmentation By Components, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26.3. Africa Powertrain And Powertrain Parts Market, Segmentation Vehicle Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

27. Powertrain And Powertrain Parts Market Competitive Landscape And Company Profiles

27.1. Powertrain And Powertrain Parts Market Competitive Landscape
27.2. Powertrain And Powertrain Parts Market Company Profiles
- 27.2.1. Ford Motor Company
  - 27.2.1.1. Overview
  - 27.2.1.2. Products and Services
  - 27.2.1.3. Strategy
  - 27.2.1.4. Financial Performance
- 27.2.2. General Motors Company
  - 27.2.2.1. Overview
  - 27.2.2.2. Products and Services
  - 27.2.2.3. Strategy
  - 27.2.2.4. Financial Performance
- 27.2.3. Volkswagen AG
  - 27.2.3.1. Overview
  - 27.2.3.2. Products and Services
  - 27.2.3.3. Strategy
  - 27.2.3.4. Financial Performance
- 27.2.4. ZF Friedrichshafen AG
  - 27.2.4.1. Overview
  - 27.2.4.2. Products and Services
  - 27.2.4.3. Strategy
  - 27.2.4.4. Financial Performance
- 27.2.5. Delphi Technologies
  - 27.2.5.1. Overview
  - 27.2.5.2. Products and Services
  - 27.2.5.3. Strategy
  - 27.2.5.4. Financial Performance

29. Key Mergers And Acquisitions In The Powertrain And Powertrain Parts Market

29. Powertrain And Powertrain Parts Market Future Outlook and Potential Analysis

30. Appendix

30.1. Abbreviations
30.2. Currencies
30.3. Historic And Forecast Inflation Rates
30.4. Research Inquiries
30.5. The Business Research Company
30.6. Copyright And Disclaimer