According to a new market report published by Transparency Market
Research “Global Powertrain Market - Global Industry Analysis,Size, Share, Growth, Trends and Forecast 2014 - 2020” the market
was valued at USD 365.67 billion in 2013, which is expected to reach
USD 524.60 billion by 2020, growing at a CAGR of 5.3% from 2014 to
2020.
Exponential growth in demand for automobiles due to increasing
disposable income and fuel efficiency of powertrain systems are the
major factors fueling the demand for powertrain. Based on the
components, powertrain market can be segmented into engine,
transmission, drive shafts, differentials and final drive. Further,
by vehicle type, the powertrain market has been segmented into cars,
LCV (light commercial vehicles), ICV (infantry carrier vehicles), HCV
(heavy commercial vehicles), off road vehicles, construction
equipment, defense vehicles and farm tractors.
Browse the full Global
Powertrain Market Report
@ :
Engines held the largest market share in the powertrain market.
Engine is one of the main components in the powertrain system and
fuel combustion takes place in the engine. Among the various types of
vehicles, the cars segment held the largest market share. Increasing
disposable income among developing countries of Asia Pacific is one
of the major factors fueling demand in the automobile sector. This in
turn increases the demand for powertrain systems. India and China are
the major markets for cars in Asia Pacific. In addition, government
norms and regulations towards a cleaner environment are expected to
boost demand for the powertrain during the forecast period.
In 2013, Europe accounted for the largest market share of the
powertrain market. Presence of reputed automobile brands as BMW,
Mercedes, and Volkswagen is also boosting demand in this region.
However, with increasing disposable income Asia Pacific is one of the
fastest growing markets. Moreover, increasing awareness about the
environmental pollution is also boosting growth of the powertrain
market in this region.
Browse the full Global
Powertrain Market Press
Release @ :
Magneti Marelli SPA, BorgWArner Inc., Magna International Inc., Valeo
SA, Hitachi Automotive Sustems Ltd., ZF Friedrischshafen, Continental
AG, Denso Corporation are among some of the key players in the
powertrain market. The market has been segmented as follows:
Global Powertrain
Market: By geography
- North America
- Europe
- Asia Pacific
- Rest of the World
The report provides a cross-sectional analysis of all the below
segments with respect to the above mentioned regions.
Global Powertrain Market: By Component
- Engine
- Transmission
- Differentials
- Drive Shafts
- Final Drive
Global Powertrain Market: By Type of Vehicles
- Cars
- LCV’s
- ICV’s
- HCV’s
- Off Road Vehicles
- Construction Equipment
- Defense Vehicles
- Farm Tractors
Get Free Sample Report :
http://www.transparencymarketresearch.com/sample/sample.php?flag=s&rep_id=4270
About Us
Transparency Market Research (TMR) is a global market intelligence
company, providing global business information reports and services.
Our exclusive blend of quantitative forecasting and trends analysis
provides forward-looking insight for thousands of decision makers.
TMR’s experienced team of Analysts, Researchers, and Consultants,
use proprietary data sources and various tools and techniques to
gather and analyze information.
Our data repository is continuously updated and revised by a team of
research experts, so that it always reflects the latest trends and
information. With a broad research and analysis capability,
Transparency Market Research employs rigorous primary and secondary
research techniques in developing distinctive data sets and research
material for business reports.
No comments:
Post a Comment