Automotive Drivetrain Market by Vehicle Type, Drive-Type and Industry Analysis by 2023

-

The automotive drivetrain is a system that act as medium to connect the transmission to the drive axles. The drivetrain includes transmission, driveshaft, axles, and wheels.  Engine is not a part of drivetrain although the function of the drivetrain is to combined the engine and driving wheels so as to provide power to vehicle. The global automotive drivetrain market is segmented in three parts based on the drive type: Front Wheel Drive (FWD), Rear Wheel Drive (RWD) and All-Wheel Drive (AWD).



Request to Get the Sample Report@ https://www.psmarketresearch.com/market-analysis/automotive-drivetrain-market/report-sample

The global automotive drivetrain market is expected to witness a CAGR of 6.5% during the forecast period (2017-2023) to reach $280.3 billion by 2022. Asia-Pacific dominates the automotive drivetrain market on account of increase in vehicle production and technological advancement in the automotive drivetrain market. Asia-Pacific region is followed by followed by Europe and North America. The growing demand for comfort, safety and need for high acceleration and towing capacity of a passenger, light commercial vehicle and heavy commercial vehicle is supporting the growth of automotive drivetrain market.

Explore Full Report Description At@ https://www.psmarketresearch.com/market-analysis/automotive-drivetrain-market

The global automotive drivetrain market is majorly driven by the growing demand in the usage of lightweight material in the manufacturing of vehicle, which result in better fuel efficiency. Automakers are coming up with light-weight drivetrain, which is expected to improve the overall performance of the vehicle. 

Some of the key players in the global automotive drivetrain market include Aisin Seki Co., Ltd. Borgwarner Inc., GKN PLC, ZF Friedrichshafen AG, Showa Corporation, Schaeffler Group and American Axle & Manufacturing, Inc.  


Comments

Post a Comment

Popular posts from this blog

Demand for Electric Bike Set for Stupendous Growth in China and Post 2020, Buoyed by the Global COVID-19 Pandemic

-
In the 1950s, less than 20% of the Chinese people were urban dwellers, and by 2018, this percentage had soared to 59%, as per the World Urbanization Prospects 2018 report of the United Nations (UN). This has led to a massive rise in the number of automobiles on the roads of China, in part, making it the largest carbon emitter in the world. As a result, its government has been strongly encouraging the public to adopt electric vehicles (EV) by implementing stringent emission regulations and offering purchase subsidies and tax rebates. Request to Get the Sample Report: https://www.psmarketresearch.com/market-analysis/china-electric-scooters-and-motorcycles-market/report-sample P&S Intelligence says that the increasing urbanization level, which is expected to touch almost 70% by 2030, will drive the electric bike market in China from $7.7 billion in 2017 to $12.5 billion by 2025, at a 6.1% CAGR during 2018–2025 (forecast period). As per the Health Effects Institute and Tsing...
Read more

Logistics Industry is Expecting Major Tech Revolution in Near Future

-
Image
 The impact of COVID-19on the logistics industry has been quite negative, as the growth of the industry has slowed down due to the nationwide lockdown in most of the affected countries. Owing to the growth in e-commerce activities, increase in the disposable income of customers, and rapid urbanization in emerging economies, such as India and China, the logistics industry had been growing in recent years. Seeing the rising need for the transportation of goods, many new companies were entering the logistics space before the pandemic arrived. TheCOVID-19 impact analysis on the  logistics industry  reveals that trading activities between nations were discontinued to contain the spread of the virus, which disrupted the supply chain. For instance, the supply chain of China is operational across countries including India, South Korea, Japan, Hong Kong, Singapore, the U.K., Spain, Italy, and Germany, all of which are badly jolted by the pandemic. Apart from China, all t...
Read more

Opportunities for the Micromobility Market in the United States

-
Image
Taking out a car for short distances doesn’t make sense anymore, since air pollution is wreaking havoc on people. As most cars on the roads are still powered by diesel or gasoline (known as petrol in Commonwealth countries), people are shifting to lighter vehicles, such as scooters and motorcycles, since they release lower amounts of greenhouse gases. Going a step forward, many have started shunning personal vehicles altogether in favor of shared mobility. The concept of shared mobility, when applied to two-wheelers, is known as micromobility, which also includes kick scooter sharing services, apart from scooter sharing and bike (bicycle) sharing services. P&S Intelligence claims that due to the various advantages of these services, the micromobility market will grow rapidly from $3.0 billion in 2018 to $9.8 billion by 2025, at a robust 19.9% CAGR during 2019–2025. The biggest reason the concept is gaining popularity is its cost-effectiveness. Since deploying bikes, scooters, and ...
Read more