Transparency Market
Research (TMR), a market intelligence and research firm, has recently
published a research study on the global powertrain market,
estimating its market value by 2020 at US$524.60 billion, developing
at a CAGR of 5.3% during the period from 2014 to 2020.The report,
titled “Global Powertrain Market - Global Industry Analysis,
Size, Share, Growth, Trends and Forecast 2014 - 2020”,
determines the overall value of the global powertrain market in 2013
at US$365.67 billion. It analyzes the global market for powertrains
on the basis of the vehicle type, component used, and the regional
markets.On the basis of vehicle type, cars, ICV, LCV, HCV,
construction equipment, farm tractors, off-road vehicles, and defense
vehicles are the major segments of the global powertrain market. The
cars market occupied the leading position in the overall market in
2013.
Get FREE Sample
PDF file of Global Powertrain Market :
The automotive
sector is one of the booming sectors currently and is expected to
witness considerable growth during the forecast period. The
powertrain market is presently more inclined towards fuel economy by
downsizing the engines and reduction in emissions to make the
vehicles environmental friendly with improved performance.
Powertrain system is
one of the primary components of the vehicle. It consists of all the
components that generates power for the vehicle and enables it to
move. The powertrain system includes engine, drive shafts,
transmission, differentials and final drive. The fuel economy,
emissions or in short the overall performance of the vehicle depends
on the total powertrain system.
Based on type of
vehicle, the market can be sub-divided into cars, LCV’s, ICV’s,
HCV”s, Off Road Vehicles, Construction Equipment, Defense Vehicles
and Farm Tractors. Increasing demand for cars in Asia Pacific is one
of the major factors fueling the demand for powertrain systems.
Consumers are becoming more environment conscious which provides an
opportunity to develop more fuel efficient and environmental friendly
powertrain systems. The increase in demand for petroleum provides an
opportunity to develop powertrain which runs on alternative fuel
source.
Browse The Market
Research Report of Global Powertrain Market :
In addition, the
demand for cars and construction vehicles are expected to experience
exponential growth owing to increasing disposable income and
development of new infrastructures in developing countries such as
India, China, Japan and among others.
Major market
participants profiled in this report include Continental AG, Denso
Corporation, Robert Bosch, General Motors Company, Delphi Automotive
Plc and Hyundai Mobis Co. Ltd. among others.
About Us :
Transparency Market
Research 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. Our 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