Report ID: SQMIG25C2066
Automotive Powertrain Market Size, Share, Growth Analysis, By Vehicle Type(Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles), By Position/Drive Type(Front-Wheel Drive (Fwd) Powertrain, Rear-Wheel Drive (Rwd) Powertrain, All-Wheel Drive (Awd) Powertrain), By Automotive Engine Type(Gasoline, Diesel), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG25C2066 |
Region:
Global |
Published Date: September, 2024
Pages:
197
|
Tables:
59 |
Figures:
77
Automotive Powertrain Market Regional Insights
In terms of market share among the key market regions, the Asia Pacific region is expected to have the biggest share, at 60.0%, in 2023. among the main markets and countries for the manufacture of automobiles, along with Japan, China, and India. The Asia Pacific area's expansion is mostly attributed to rising disposable income, accelerating urbanization, and a fiercely competitive market that encourages car ownership throughout the region.
The projected period is expected to see the greatest CAGR of 12.8% in the European area. The rapidly growing automotive powertrain market in the region can be attributed to the region's increasing demand for electric vehicles as a result of the adoption of carbon emissions restrictions by the European Union and other national governments.
Automotive Powertrain Market Report Snapshots
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