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The global Automotive Powertrain Components market size was valued at US$ 12.450 billion in 2024 and is projected to reach US$ 16.779 billion by 2030, at a CAGR of 5.1% during the forecast period 2024-2030.
The United States Automotive Powertrain Components market size was valued at US$ 3.23 billion in 2024 and is projected to US$ 4.25 billion by 2030, at a CAGR of 4.7% during the forecast period 2024-2030.
Automotive powertrain components encompass essential parts of vehicle propulsion systems, including engines, transmissions, and drivetrain components.
The market shows robust growth, driven by vehicle electrification. In 2023, production volume reached 82.5 million units, with ICE components representing 65% of demand. Electric powertrain parts grow at 12.4% annually. Market saw 35% increase in hybrid system components in 2023. Traditional ICE parts lead with 58% share, while EV components grow at 15.2% annually. Asia Pacific dominates with 42% market share, while Europe shows 6.8% CAGR.
Report Overview
This report provides a deep insight into the global Automotive Powertrain Components market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.
The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Automotive Powertrain Components Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.
In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Automotive Powertrain Components market in any manner.
Global Automotive Powertrain Components Market: Market Segmentation Analysis
The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.
Key Company
Market Segmentation (by Type)
Market Segmentation (by Application)
Geographic Segmentation
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