Global Automotive Drivetrain Market: Overview
Drivetrain of a vehicle is the combination of various components which delivers power to vehicle wheels. Drivetrain functions in transmitting the power to the engine and also varies the torque. Drivetrain are of three major types all-wheel drive (AWD), front wheel drive (FWD) and rear wheel drive (RWD). Among these, each has advantages and disadvantages with respect to the fuel economy, CO2 emissions, road track and cost. Depending on the vehicle type, condition of driving and choice of wheels the drivetrain varies. For instance, part-time AWD which is a two wheel drive operates by sending power to either of the rear or front wheels unless and until there is requirement for extra traction. Honda CR-V and Toyota RAV4 are the examples of part-time AWD type of drivetrain. Also, the transmission system play an important role since the power is transferred from transmission system to the wheels of the vehicle. The global drivetrain market is anticipated to expand at a healthy CAGR due to increase in the automotive sales.
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Global Automotive drivetrain Market: Drivers and Restraints:
Configuration of the engine has effect on weight distribution across the vehicle. The global automotive drivetrain market is primarily driven by the increasing demand for the lightweight which in turn influences the fuel economy of the vehicle. Also, factors such as increased traction, acceleration are fuelling the global drivetrain market. The strict emissions norms and standards aid in driving the global drivetrain market.
However, from drivetrain manufacturers perspective the drivetrain deigns and architecture are involving complex structures due to the stringent norms on emissions as well as customers performance requirement. The new developments in the designs and control of drivetrain systems are under progress which is expected drive the global automotive drivetrain market during the forecast period.
Global Automotive drivetrain Market: Segmentation
On the basis of vehicle type, automotive drivetrain market is segmented into: LCV, HCV, Passenger car. On the basis of drive type, automotive drivetrain market is segmented into: All-Wheel Drive (AWD), Front Wheel Drive (FWD), Rear Wheel Drive (RWD). On the basis of engine position, automotive drivetrain market is segmented into: Front engine, Rear engine. On the basis of transmission type, automotive drivetrain market is segmented into: Manual transmission, Automatic transmission, Dual Clutch transmission, Continuously Variable transmission, Automated manual transmission.
Global Automotive drivetrain Market: Region Wise Outlook
The global automotive drivetrain market is divided into seven regions, namely North America, Latin America, Asia Pacific excluding Japan (APEJ), Western Europe, Eastern Europe, Japan and Middle East and Africa (MEA). APAC holds major share in the consumption of automotive drivetrain materials. This is attributed by increasing sales of automotive in China, India, South Korea, and Taiwan. North America and Japan followed by Europe are expected to expand at single-digit CAGR during the forecast period. The automotive drivetrain market in MEA and Latin America are expected to sluggish growth during the forecast period.
Global Automotive drivetrain market: Key Players
Some of the key players identified in the global automotive drivetrain market includes: Magna International Inc., American Axle & Manufacturing, GKN plc, Aisin Seiki Co., Ltd, Schaeffler Group, BorgWarner Inc., Dana Holding Corporation, JTEKT Corporation, Showa Corporation.
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