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(Transportation-News.com, September 28, 2018 ) The powertrain is the significant component that generates power & delivers it to the road surface through wheels. The components that are included in the whole process are engine, transmission, differentials & drive shafts. Driveline is the portion of a vehicle after the transmission which changes depending on the vehicle wheel types such as front-wheel drive, rear-wheel drive & all-wheel drive.
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EMERGING DEMAND FOR THE AUTOMATIC POWERTRAINS IS ENHANCING THE GROWTH OF GLOBAL POWERTRAIN MARKET:
Increasing demand for automatic powertrains is boosting the global powertrain market growth.Since, automatic powertrains give better, faster & smarter equipment which provide automated powertrains with specialization in manufacturing equipment solutions. Solutions are present in automotive, general industry, aerospace, alternative energy & heavy industry applications. Based on global powertrain market outlook, automotive powertrain market size is estimated to proliferate due to demand for a rising in automated powertrains. Some of the powertrain market trends have Toyota announced a new powertrain unit based on TNGA. According to global powertrain market analysis, global powertrain market size will increase eventually high in forecast period from 2019-2025.
ELECTRONIC COMPONENTS ARE ESTIMATED TO GROW FASTER IN GLOBAL POWERTRAIN MARKET:
Increase in use of electronic components in the powertrain market is boosting the electronic components market. Since, the use of powertrains is growing in various applications as it is used in automotive, aerospace, general industry, alternative energy & heavy industry applications. Automotive powertrain market size is likely to grow positively and remain stable in the coming years owing to the increasing emergence of innovative automotive technologies and electric vehicles.
APAC IS EXPECTED TO SHOW ITS DOMINANCE IN THE GLOBAL POWERTRAIN MARKET SHARE&EUROPE IS ESTIMATED TO WITNESS RAPID GROWTH RATE DURING 2019 - 2025:
APAC has accounted China for the significant global powertrainmarket share, and leading revenue generators as Japan and India as the promising market after to Japan. For the industry significant boosting growth of the market, there is a force of dispersion on the powertrain for the multiple end users through the increased advancement of technology for the massive presence of significant players. Economies like South Korea and some other emerging nations also present significant opportunities. Based onthe Powertrain Market Overview, the market in Europe is growing at a rapid rate when compared to the American countries, due to the high demand for the powertrain. The primary revenue generators in this region are U.K, Germany and others. Moreover, rising investments in a hybrid powertrains&automation powertrain systems in the Europe region have outlook the sales of powertrain for demanding towards automation powertrain systems.
By Component:
• Engine
• Transmission
• Differentials
• Drive Shafts
• Electronic Components
• Others
By Vehicle:
• Passengers vehicles
• Commercial Vehicles
By Wheel Drive:
• Front-Wheel Drive
• Rear-Wheel Drive
• All-Wheel Drive
The Powertrain market report provides an in-depth and full analysis of the key technological and product development aspects for all the key companies operating in the market in each region.
Key Players:
• Ford (US)
• Volkswagen AG (Germany)
• General Motors Company (US)
• Continental (Germany)
• Chevrolet (US)
• BorgWarner (US)
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