Learn about the global powertrain and powertrain parts market through The Business Research Company, which provides information on powertrain and powertrain parts market size, powertrain and powertrain parts market drivers and restraints, powertrain and powertrain parts market players, the COVID-19 impact on the powertrain and powertrain parts market, and more.

The global powertrain and powertrain parts market size is expected to grow from $348.3 billion in 2021 to $384.79 billion in 2022 at a compound annual growth rate (CAGR) of 10.5%. The global powertrain and powertrain part market is then expected to grow to $551.13 billion in 2026 at a CAGR of 9.4%.

The powertrain and powertrain parts market is driven by the increasing demand for improved fuel efficiency.

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The powertrain and powertrain parts market consists of sales of powertrain and powertrain parts and related services. The powertrain refers to a system that converts the power of the engine into a vehicle’s movement. The powertrain parts include the engine, transmission, driveshaft, differentials, and axles among others. The vehicle’s performance and efficiency are defined by its powertrain system and its related parts.

Global Powertrain And Powertrain Parts Market Segments Include:

By Component: Engine, Transmission, Drive Shafts, Differentials, Final Drive

By Technology: Hybrid, Automated

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. Among these regions, Asia Pacific was the largest region in the powertrain and powertrain parts market in 2021.

Powertrain and powertrain parts manufacturers are increasingly investing in 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 reduce fuel combustion. The popularity of electric vehicles has resulted in the manufacturers of powertrain and powertrain parts investing in powertrains suitable for these electric vehicles.

TBRC’s powertrain and powertrain parts market report covers:

Major Market Players: 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.

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 (2016-21) and ten years forecast (2022-2026-2031)

The Power Train And Power Train Parts Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides powertrain and powertrain parts market overviews, analyzes and forecasts market size, share, powertrain and powertrain parts market players, powertrain and powertrain parts market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s powertrain and powertrain parts market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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