Automotive Drivetrain Technology Market 2020 Covid-19 Impact Introduction, Definition, Demand, Opportunities, Future Plans and Industry Scope by 2027

Allied Market Research recently published a report, titled, “Automotive Drivetrain Technology Market by Vehicle Type (Passenger Car, Buses, and Trucks) and Technology Type (Central Motor, E-axle, and Wheel Hub Module): Global Opportunity Analysis and Industry Forecast, 2019–2030”. According to the report, the global automotive drivetrain technology market was pegged at $17.94 billion in 2018 and is projected to reach $269.27 billion by 2030, registering a CAGR of 24.8% from 2019 to 2030.

Browse Full Report with TOC @

https://www.alliedmarketresearch.com/automotive-drivetrain-technology-market

Driving factors for the market

Surge in sale of electric and hybrid vehicles across the globe and rise in technological advancement have boosted the growth of the global automotive drivetrain technology market. However, high cost of electric vehicles and low economy of scale is hindering the market growth. On the contrary, stringent emission regulations to reduce vehicle weight and emission and increase in adoption of smart marketing strategy are expected to create lucrative opportunities in the near future.

Passenger car segment held the largest share

The passenger car segment held the largest share in 2018, contributing to nearly 88% of the global automotive drivetrain technology market, owing to increase in demand for passenger vehicles and upsurge in consumer demand for driving comfort in their vehicles. However, the truck segment is projected to register the fastest CAGR of 28.3% during the forecast period, owing to government initiative to reduce tailpipe emissions, increase in electrification of trucks and rise in introduction of electric trucks by key players.

Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/6205

Wheel hub module segment to portray the fastest growth through 2030

The wheel hub module segment is anticipated to manifest the fastest CAGR 29.2% during the forecast period, owing to growing R&D activities on drivetrain technology. However, the central motor segment dominated the global automotive drivetrain technology market in 2018, contributing to nearly four-fifths of the market, due to the rise in pollution free vehicles, and developments of electric drives by the key players.

LAMEA to portray highest growth rate, North America to follow

The global automotive drivetrain technology market across the LAMEA region is expected to manifest the fastest CAGR of 27.7% during the forecast period. The economic development and developing automobile industrial scenario and rise in use of super, hybrid, and premium cars in emerging countries of this region have boosted the growth. On the other hand, North America is expected to portray the second highest growth rate of 26.2%. However, the market across Asia-Pacific held the largest share in 2018, contributing to nearly half of the market. This is due to the higher adoption rates of smart mobility services, increase in government regulations, surge in fuel prices, and rise in trend toward adopting non-fossil fuel-based vehicles. Moreover, increase in automotive manufacturing plants and rise in demand for the electric vehicles further boost the growth of automotive drivetrain technology market in the region.

For purchase inquiry at: https://www.alliedmarketresearch.com/purchase-enquiry/6205

Major market players

ZF Friedrichshafen AG
Nidec Corporation
Robert Bosch GmbH
Schaeffler Technologies AG & Co. KG
Borgwarner Inc
Axletech International
Dana Limited
GKN Plc
AVL List GmbH
Continental AG

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.