Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Automotive Drivetrain Market size was over USD 33.72 billion in 2024 and is projected to reach USD 535.42 billion by 2037, witnessing around 23.7% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of automotive drivetrain is assessed at USD 47.72 billion.
The growth of the market can primarily be attributed to the growing number of automobiles as well as the rising production of passenger cars worldwide. For instance, it was found that in 2021, over 55 million passenger cars were produced across the globe.
The automotive drivetrain is not a solitary part of any vehicle, it's a group of drivetrain parts that interact with the engine to move the wheels and numerous parts of the vehicle to push it into motion. These components consist of axles, transmission, differential, CV joints, driveshaft, and wheels. The power generated by the engine moves through the drivetrain to the wheels where they bolt to the wheel hub and rotate around the axles. For the wheels to turn and propel the car forward, the vehicle needs to have friction provided by the tires in direct and constant contact with the ground. With the recent advancements in tires as well as drivetrains, the demand for automotive drivetrains is on the rise amongst automotive manufacturers, which in turn, is expected to create massive revenue generation opportunities for the key players operating in the global automotive drivetrain market during the forecast period. For instance, a reduction of about 8% can be achieved in fuel consumption with green tires featuring the silica/silane system.
