Market Overview -
According to Market Research Future (MRFR), the global automotive electric drive train system market is projected to reach USD 256 billion at a CAGR of 5.98% from (forecast period). The study offers a broad analysis of the effects of the COVID-19 pandemic on the global automotive electric drivetrain system market size.
The switch from manual transmission to electrification is one of the most significant developments in the automotive industry. The automotive drivetrain is a vehicle component that includes drive shafts, wheels, axles, U joints, CV joints, and transmission. All parts of the drivetrain are responsible for providing the transmission to move the wheels of the vehicle forward. In other words, it's transferring power to the wheels of the vehicle.
The driveshaft is the long steel structure in a tubular form attached to the vehicle gearbox to provide a rotary movement in the wheel. The universal joint is the key component that allows the wheel to move at various angles.
The axle is the connected shaft between the wheels and the drive system and provides the transmitting power to the wheel to make it rotate. The drivetrain is also known as the powertrain train. The only variation is that the powertrain consists of a complete system that provides power to the wheels while the drivetrain consists of components that connect the driveline and wheel. In the future, the electric drivetrain will replace the manual drivetrain because of its improved efficiency and environmental friendliness.
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Top Vendors
AxleTech International SAS (U.S.), Dana Holding Corporation (U.S.), Parker Hannifin Corp (U.S.), GKN plc. (U.S.), AVTEC LTD (India), JTEKT Corporation (Japan), TM4 (Canada), Magtec (U.K.), Delphi Automotive LLP (U.K), Visedo (Finland), Aisin Seiki Co. Ltd. (Japan), Punch Powertrain Nv (Belgium), BorgWarner Inc. (U.S.), American Axle & Manufacturing, Inc. (U.S.), Magna International Inc. (Canada), are among the top vendors in the market for automotive electric drivetrain system.
Market Segmentation
The research on the automotive electric drivetrain system market size covers segments like types, electric drivetrain types and vehicle type.
The segments, with respect to the type, include rear wheel drive, front wheel drive and all-wheel drive. The highest growth can be exhibited by all-wheel drive in the market, given its ability to offer power to every type of vehicle. Front-wheel-drive can be the second most lucrative segment, among all the types, since it helps offer fuel efficiency while bringing down the carbon emission.
The electric drivetrain types studied are PHEV, HEV and BEV. BEV or Battery Electric Vehicle is all set to gain the highest share in the automotive electric drivetrain market because of their low cost and tendency to bring down the CO2 emission. The rising sale of electric vehicles can lead to excellent growth for battery electric vehicles in the coming years.
Vehicles types covered by MRFR experts are commercial and passenger.
Regional Outlook
The regional outlook of the automotive electric drivetrain system market size covers Asia Pacific (APAC), North America, Europe, and the Rest of the World (RoW).
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