Electric Vehicle (EV) Powertrain Market Robust Expansion by Top Key Manufactures, Demand and Supply To 2025


Posted November 20, 2019 by rishikeshkuranewg

The global electric vehicle powertrain market is expected to progress with ~16% CAGR from 2019 to 2025.
 
Market Research Future published a half-cooked research report global electric vehicle Powertrain market that contains the information from 2017 to 2025.

Taste the market data and market information presented through more than 100 market data tables and figures spread in 88 numbers of pages of the project report. Avail the in-depth table of content & market synopsis on “Global Electric Vehicle Powertrain Market Information from 2017 to 2025."

Get Free Sample of “Vehicle Powertrain Market” at: https://www.marketresearchfuture.com/sample_request/8276

The powertrain system is considered as an integral part of automotive industry. The main functions of the powertrain system are transmission of power to the drive technology area of a vehicle such as front, rear, and all-wheel drive. An electric powertrain systems and solutions are used for passenger car and commercial vehicles including hybrids, plug-in and battery-powered electric vehicle. The global electric vehicle powertrain market is projectd to reach USD 120 billion by 2025 and is estimated to witness ~16% CAGR during the period from 2019 to 2025.

Rise in demand for autonomous vehicle, e-mobility, and in-vehicle comfort facilities are set to drive the global electric vehicle powertrain market. However, the major restraints for the global market are the increasing production costs due to the growing complexity of the component design and integration process for advanced vehicles.

The technological advancements in electric vehicle powertrain device and improving economies from developing regions such as Brazil, India, China, and Argentina are providing growth opportunity. Furthermore, increased investments in new product development will enable strategic mergers and acquisitions of small startup companies, which will further drive the global market during the forecast period. For instance, in June, 2018, Cummins Inc. announced the acquisition of electric and hybrid powertrain provider Silicon Valley-based Efficient Drivetrains, Inc. (EDI), which designs and offers hybrid and fully-electric power solutions for commercial markets.

The global electric vehicle powertrain market is segmented based on component, propulsion, vehicle type, and region. The global market is segmented On the basis of component, the segments are battery, e-motor, power electronics, thermal management modules, and others. The global market is segmented on the basis of propulsion as battery, hybrid, and plug-in hybrid electric vehicle. The market has been segmented based on vehicle type, into passenger car and commercial vehicle.

On the basis of component, the e-motor segment is projected to hold the largest share throughout the forecast period; it is expected to witness a significant growth rate. Increase in demand for thermal constraints in the electric vehicle will significantly improve the electric motor design and minimize the extra cost of materials to grow motor performance and vehicle efficiency, which will further be expected to enhance the demand for electric vehicle powertrain motor, which in turn drives the growth of the market. Whereas, the battery segment is projected to grow at the highest pace over the forecast period due to growing demand of lithium-ion battery.

On the basis of propulsion, in 2018, the battery electric vehicle (BEV) segment held the largest share in the global market; it is projected to witness steady growth during the forecast period. Increasing awareness about the impact of emissions of gasoline vehicles on the environment is further driving the demand for BEVs all over the world. However, the Plg-in hybrid electric vehicle segment is projected to grow at a rapid pace ove rht forecast period due to growin electric vehicle charging infrastructure from developed and developing region.

On the basis of vehicle type, in 2018, the commercial vehicle segment is projected to witness phenomenal growth during the forecast period due to increasing adoption of e-powertrain in light and heavy commercial vehicles. For instance, Volvo, GM and Daimler are focusing on electric trucks during the forecast period. The passener car segment is projected to hold largest share of the global market over the forecast period owing to the large number of manufacturers focusing on electric cars

In 2018, the global electric powertrain market was led by the Asia–Pacific region followed by Europe and North America. Among all the regions, Asia-Pacific is expected to hold largest share of the global market and is projected to grow at a rapid pace over the forecast period due to growing production and sales of electric vehicle, large customer base, and raising disposable income from the countries such as China and India. The market in North America region is projected to grow at a substantial rate over the forecast period. The stable economy, advanced technology, and growing demand for environment friendly vehicles drives the market growth in North America region. However, Europe is witnessing a significant growth over the forecast period due to stringent vehicle emissions and growing demand for e-mobility drivetrain. The market in South America is expected to grow at a phenomenal rate over the forecast period due to growing demand for electrically driven light truck from Brazil and Argentina

The prominent players in the global electric vehicle powertrain market are Continental AG (Germany), AVL List GmbH (Austria), Mitsubishi Electric Corp (Japan), Magna International Inc. (Canada), Dana Incorporated (US), ZF Friedrichshafen AG (Germany), GKN PLC (UK), NXP Semiconductors (the Netherlands), EPT Co., Inc. (South Korea), WEG (Brazil), Bonfiglioli Riduttori S.P.A (Italy), IET S.p.A. (Italy), Automation Tooling Systems Inc. (Canada), Robert Bosch GmbH (Germany), and BorgWarner Inc. (US).

This research report provides insights into various levels of analysis, such as industry analysis and market share analysis for the leading industry competitors, along with their profiles. It also helps in studying the target segments by providing views on the emerging and high-growth segments. The market data comprises the necessary assessment of the competitive scenarios and strategies in the global electric vehicle powertrain market, including high-growth regions and/or countries, and political and economic environments. The project report further provides both – historical market values and pricing and cost analysis.

Complete Report Details of “Vehicle Powertrain Market” at: https://www.marketresearchfuture.com/reports/electric-vehicle-powertrain-market-8276

List Of Tables

Table 1 Global Electric Vehicle Powertrain Market, By Region, 2017–2025

Table 2 North America: Electric Vehicle Powertrain Market, By Country, 2017–2025

Table 3 Europe: Electric Vehicle Powertrain Market, By Country, 2017–2025

Table 4 Asia-Pacific: Electric Vehicle Powertrain Market, By Country, 2017–2025

Table 5 RoW: Electric Vehicle Powertrain Market, By Region, 2017–2025

....

List Of Figures

Figure 1 Research Process Of MRFR

Figure 2 Top-Down And Bottom-Up Approach

Figure 3 Market Dynamics

Figure 4 Impact Analysis: Market Drivers

Figure 5 Impact Analysis: Market Restraints

About Us:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR) and Market Research & Consulting Services.

CONTACT US:

Market Research Future

Office No. 528, Amanora Chambers

Magarpatta Road, Hadapsar,

Pune - 411028

Maharashtra, India

+1 646 845 9312

[email protected]
-- END ---
Share Facebook Twitter
Print Friendly and PDF DisclaimerReport Abuse
Contact Email [email protected]
Issued By Market Research Future
Business Address Pune
Country India
Categories Automotive , Business
Tags electric vehicle ev powertrain market
Last Updated November 20, 2019