Automotive Drivetrain Market Trends

Growth Drivers

• Domination of Internal Combustion Engine Powertrain – which makes it mandatory to ensure that the optimized drivetrain configuration is robust to different driving conditions as the drivetrain and shifting control strategy has an important role in the carbon monoxide CO, nitrogen oxide NOx, and hydrocarbons HC generated by the internal combustion engine (ICE). For Instance, out of 278 million vehicles registered in the United States in 2018, nearly 94% had a gasoline powertrain while ~3.5% had a diesel powertrain.
• Rising Demand for Lightweight Components – as using high-efficiency engines and lightweight components enabled by advanced materials in at least ~25% of fleets in United States could save over 5 billion gallons of fuel annually by 2030.
• Upsurge in the Demand for Luxury Cars – For instance, the share of new vehicles sold by luxury brands in United States was ~17% in June 2022.

• Increasing Emissions Caused by the Transport Sector – where road transport accounts for ~25% of transport emissions, and ~15% of total CO2 emissions.
• Growing Demand for Vehicles with Automatic Transmission - according to the statistics, ~ 96% of Americans drive automatics in 2022.

Challenges

• Volatility in Material Cost
• Requires Huge Investment
• High Cost of Various Components Required for a Drivetrain

The global automotive drivetrain market is segmented and analyzed for demand and supply by vehicle type segment into passenger cars, buses, and trucks. Amongst these segments, the truck segment is anticipated to garner the largest revenue by the end of 2033, backed by the growing trucking industry along with the surge in the number of trucks worldwide. For instance, in the United States there were ~15 million trucks in operation in 2021.