Global Power Train And Power Train Parts Market Report 2021 – Opportunities And Strategies, Market Forecast And Trends
The Global Power Train And Power Train Parts Market Report by The Business Research Company covers power train and power train parts market drivers and restraints, power train and power train parts market size, major players, and the impact of COVID-19 on the power train and power train parts market.
The powertrain and powertrain parts market consist of sales of powertrain and powertrain parts and related services. The powertrain refers to a system that converts power of the engine into vehicle’s movement. The powertrain parts include the engine, transmission, the driveshaft, differentials, and axles among others. The vehicle’s performance and efficiency are defined by its powertrain system and its related parts.
The powertrain and powertrain parts market is 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 global power train and power train parts market is expected to grow from $577.95 billion in 2020 to $605.94 billion in 2021 at a compound annual growth rate (CAGR) of 4.8%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $811.83 billion in 2025 at a CAGR of 8%.
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Some power train and power train parts market trends include manufacturers increasingly investing towards the development of new engine management and optimization technology for powertrains. Advance powertrain systems are being developed to increase the efficiency of the engine and reducing fuel combustion. The popularity of electric vehicles has resulted in the manufacturers of powertrain and powertrain parts to invest in powertrains suitable for these electric vehicles.
Global power train and power train parts market segments include:
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.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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The Power Train And Power Train Parts Global Market Report 2021: COVID 19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides power train and power train parts market overviews, analyzes and forecasts market size, share, power train and power train parts market players, power train and power train parts market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The power train and power train parts market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Power Train And Power Train Parts Global Market Report 2021: COVID 19 Impact and Recovery to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries.
Market Players Covered: Ford Motor Company, General Motors Company, Volkswagen AG, ZF Friedrichshafen AG, Delphi Technologies, Toyota Motor Corporation, JTEKT Corporation, Allison Transmission, BorgWarner Inc., Hyundai Motor Company, Aisin Seiki, Jtekt Corporation, Aw North Carolina, Dexter Axle Company, Kyklos Bearing International, John Deere Coffeyville Works, Warner Electric, Fabco Automotive Corporation, American Axle & Manufacturing, Cloyes Gear and Products, Powertech America, Reliance Electric Company, Thyssenkrupp Crankshaft Company, Borgwarner Transmission Systems, Capco Automotive Products Corporation, The Gleason Works, Delphi Technologies.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The power train and power train parts Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The power train and power train parts Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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