Power Train And Power Train Parts Market Commodities, High Growth Opportunities, Segmentation, Market Trends By 2024-2033|Ford Motor Company, General Motors Company, Volkswagen AG, ZF Friedrichshafen AG, Delphi Technologies Inc.

The Power Train And Power Train Parts Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2011-2022) and extends its insights into a ten-year forecast period (2024-2033).

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According to The Business Research Company’s Power Train And Power Train Parts Global Market Report 2024, The power train and power train parts market size has grown strongly in recent years. It will grow from $417.67 billion in 2023 to $454.93 billion in 2024 at a compound annual growth rate (CAGR) of 8.9%. The growth in the historic period can be attributed to stringent emission regulations, rising demand for automated transmission, growing trend of engine downsizing, rising demand for hybrid powertrains, increasing demand for passenger cars.

The power train and power train parts market size is expected to see strong growth in the next few years. It will grow to $625.25 billion in 2028 at a compound annual growth rate (CAGR) of 8.3%. The growth in the forecast period can be attributed to electrification and hybridization, autonomous vehicles, energy efficiency, connectivity and iot, green energy and hydrogen. Major trends in the forecast period include lightweighting, advanced materials and composites, digitalization and ai, remanufacturing and circular economy, modular powertrain systems.

The power train and power train 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 power train systems that are both economical and more fuel-efficient.

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The power train and power train parts market covered in this report is segmented –

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; Defense Vehicles; Agricultural Vehicles

The power train and power train parts market report table of contents includes:

Executive Summary
Power Train And Power Train Parts Market Characteristics
Power Train And Power Train Parts Market Trends And Strategies
Power Train And Power Train Parts Market – Macro Economic Scenario
Global Power Train And Power Train Parts Market Size and Growth

Power Train And Power Train Parts Market Competitive Landscape And Company Profiles
Global Power Train And Power Train Parts Market Competitive Benchmarking
Global Power Train And Power Train Parts Market Competitive Dashboard
Key Mergers And Acquisitions In The Power Train And Power Train Parts Market
Power Train And Power Train Parts Market Future Outlook and Potential Analysis

Top Major Players