Stringent Regulations towards Carbon Emissions to Drive Global Electric Vehicle Powertrain Market 2021 | Opportunity Assessment, Market Challenges, Key vendor analysis, Vendor landscape by 2025
Research Reports
Jan 19, 2021
Global Electric Vehicle Powertrain Market Overview
An electric powertrain refers to a closed-loop system which mainly constitutes of a battery, inverter, high-power electric motor, power delivery module, and reduction drive. In electric vehicles, the powertrains are used for enhanced of the range of efficiency of the vehicle. Powertrain systems can also be used flexibly in electric vehicles like hybrid, battery, and plug-in electric vehicles, and they are easy to integrate. Therefore, the costs and development time is also observed to reduce, upon integration of powertrain systems in electric vehicles. All these features of powertrain systems are expected to primarily drive the global electric vehicle powertrain market over the forecast period.
Market Research Future (MRFR), in their latest report published by the experts of the industry has suggested that the global electric vehicle powertrain market is anticipated to witness a robust CAGR of 16% during the forecast period of 2019-2025. The global electric vehicle powertrain market is also estimated to reach a market revenue valuation of USD 120 billion through the estimate period. A rise in the stringency of the policies introduced regarding the fuel economy of vehicles in terms of carbon emissions has led to a proliferation in the demand and adoption of electric cars. This demand has led to increasing sales which is driving the global electric vehicle powertrain market. Further, growth in demand for e-mobility in vehicles is anticipated to provide various growth prospects to the market vendors present in the electric vehicle powertrain market over coming years.
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Market Segmentation
The global electric vehicle powertrain market is studied for a segmentation that is based on component, propulsion, vehicle type, and region. Based on component, the global electric vehicle powertrain market is segmented into battery, power electronics, e-motor, and thermal management modules. Among these the battery segment is estimated to amass significant growth over the forthcoming years.
Based on propulsion, the global electric vehicle powertrain market is segmented into hybrid, battery, and plug-in hybrid electric vehicle. Among these the battery electric vehicle powertrain segment is likely to witness fast-paced ascension, taking on a dominant share of the market during the forecast period. On the other hand, the hybrid electric vehicle powertrain segment is projected to exhibit substantial growth over the forecast period.
Based on vehicle type, the global electric vehicle powertrain market is segmented into passenger car and commercial car. Among these two segments, the passenger car segment is estimated to hold a larger share of the global electric vehicle powertrain market over the estimate period.
Detailed Regional Analysis
The global electric vehicle powertrain market is segmented into the regions of North America, Europe, Asia Pacifc, and Rest of the World. Among these regional segments, the global electric vehicle powertrain market is dominated by Asia Pacific at the beginning of the forecast period. Europe held second place in the global electric vehicle powertrain market in 2018, which was followed by North America. Asia Pacific is also estimated to continue retaining its dominance over the global electric vehicle powertrain market during the estimate period. This dominant stance in the global market can be accredited to massive rise in the production and sales of e-vehicles, which has promoted the rise in installation of powertrain systems, driving the market. Apart from that, mounting investments by public as well as private players in the market has contributed to the growth of the same over the forecast period.
Key Players
ZF Friedrichshafen AG (Germany), EPT Co., Inc. (South Korea), WEG (Brazil), Bonfiglioli Riduttori S.P.A (Italy), IET S.p.A. (Italy), Automation Tooling Systems Inc. (Canada), GKN PLC (UK), NXP Semiconductors (the Netherlands), Robert Bosch GmbH (Germany), BorgWarner Inc. (US), Continental AG (Germany), AVL List GmbH (Austria), Mitsubishi Electric Corp (Japan), Magna International Inc. (Canada), and Dana Incorporated (US) are some of the noteworthy players in the global electric vehicle powertrain market.
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Key Questions Addressed by the Report
- What was the historic market size?
- Which segmentation (Product/ Capacity) is driving market?
- What will be the growth rate?
- How are the key players in this market?
- What are the strategies adopted by key players?
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY
2 SCOPE OF THE REPORT
2.1 MARKET DEFINITION
2.2 SCOPE OF THE STUDY
2.2.1 DEFINITION
2.2.2 RESEARCH OBJECTIVE
2.2.3 ASSUMPTIONS
2.2.4 LIMITATIONS
2.3 RESEARCH PROCESS
2.3.1 PRIMARY RESEARCH
2.3.2 SECONDARY RESEARCH
2.4 MARKET SIZE ESTIMATION
2.5 FORECAST MODEL
3 MARKET LANDSCAPE
3.1.1 THREAT OF NEW ENTRANTS
3.1.2 BARGAINING POWER OF BUYERS
3.1.3 THREAT OF SUBSTITUTES
3.1.4 SEGMENT RIVALRY
3.1.5 BARGAINING POWER OF BUYERS
3.2 VALUE CHAIN/SUPPLY CHAIN ANALYSIS
4 MARKET DYNAMICS
4.1 INTRODUCTION
4.2 MARKET DRIVERS
4.3 MARKET RESTRAINTS
4.4 MARKET OPPORTUNITIES
4.5 MARKET TRENDS
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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Edibles.
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