Pune, 18, April, 2023: Maximize Market Research, an Automotive and Transportation business research firm has published a report on the “Automotive Drivetrain Market”. The total market opportunity for Automotive Drivetrains was USD 185.36 Bn in 2021 and is expected to grow at 7.5 percent CAGR through the forecast period to reach USD 315 Bn by 2029.
Automotive Drivetrain Market Report Scope and Research Methodology
The report offers a detailed analysis of drivers, restraints, opportunities and challenges for the Automotive Drivetrain Market. Both primary and secondary data were thoroughly analyzed and combined in order to offer an accurate and error-free report and to estimate and authenticate global and regional Automotive Drivetrain Market size, the bottom-up approach was used. The primary research employed includes email interactions, telephonic interviews and face-to-face interviews for detailed and unbiased reviews on the Automotive Drivetrain industry, while the secondary data were collected from official databases of various organizations and government sites, annual or financial reports, industry journals, etc. Furthermore, Porter’s Five Forces analysis explains buyers’ bargaining power, the threat of new entrants, suppliers’ bargaining power, the threat of substitutes and the degree of competition in the Automotive Drivetrain Market. SWOT analysis was used to provide the strengths, weaknesses, opportunities and challenges for the key players in the Automotive Drivetrain industry. PESTLE analysis employed helps to understand the Automotive Drivetrain Market from various different perspectives.
Automotive Drivetrain Market Dynamics
The market growth is primarily driven by the increasing developments in all-wheel drive (AWD) for passenger cars and SUVs. The factors that are creating various growth opportunities for the Automotive Drivetrain market growth are the increasing demand for luxury features and the use of advanced technologies. The major factor that is restraining the market growth is the fluctuating prices of raw materials. The high initial and maintenance cost of vehicles equipped with AWD is also expected to restrain the market growth.
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Automotive Drivetrain Market Regional Insights
During the forecast period, the North America region is expected to experience strong revenue growth. The increasing sales of vehicles and increasing consumer preference for pollution-free commute and comfortable driving experiences.
In 2021, the Asia Pacific region held the largest Automotive Drivetrain market share due to the high adoption rates of smart mobility services and the increasing trend towards the adoption of non-fossil fuel vehicles.
Automotive Drivetrain Market Segmentation
By Vehicle Type
By Drive Type
Automotive Drivetrain Market Key Competitors include:
Table of Content for Automotive Drivetrain Market
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Key questions answered in the Automotive Drivetrain Market are:
Key Offerings:
Maximize Market Research is leading Automotive and Transportation research firm, has also published the following reports:
Automotive DC-DC Converter Market – The market size is expected to reach USD 8.4 billion by 2029 at a CAGR of 31.73 percent during the forecast period. The market is expected to be driven by the increasing demand for electric vehicles due to the rising environmental awareness in society.
Automotive Glow Plug Market – The market size is expected to reach USD 4.03 billion by 2029 at a CAGR of 4.2 percent during the forecast period. The market is expected to be driven by the increasing sales of new ad used cars in the market.
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical Vehicle Types and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, Vehicle Typeion and demand analysis, and client impact studies.
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