Top Trends Driving the Global Electric Powertrain Market Trends; Revenue, Emerging Key Players, Supply-Demand, Investment Feasibility And Forecast 2025

 Electric Powertrain Market Will Reach USD 144.7 Billion by 2025. The reports forecast the electric powertrain market by powertrain type, powertrain component, vehicle type and region. It highlights COVID-19 impact on the electric powertrain industry.

Electric Powertrain Market will reach USD 144.7 billion by 2025

 Electric Powertrain Market: by Powertrain Type (BEV Powertrain, MHEV Powertrain, Series Hybrid Powertrain, Parallel Hybrid Powertrain, Series-Parallel Hybrid Powertrain), by Vehicle Type (Hybrid and Plug-In Hybrid Electric Vehicle, Battery Electric Vehicle, 48V Mild Hybrid Electric Vehicle), by Powertrain Component and by Region – Global Industry Sizing, Growth, Trend, Opportunity, and Forecast (2020–2025)

 

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 The electric powertrain market report covers a thorough analysis of the market dynamics, business models, segmental/regional analysis, and respective market shares and strategies adopted by the key market players operating in the global market. It entails an in-depth analysis of the factors influencing the global market and market statistics indicating region-wise and segment-wise market

 

share/growth analysis. The study of the report will outlook one of the most exhaustive analyses of the market, capturing all the aspects of the electric powertrain industry.

 

Electric Powertrain Market: Introduction

Electric vehicles are the next generation of vehicles and foreseeing a massive growth in their popularity across the globe. As fossil fuels are expected to exhaust in the coming years, an alternative source is needed to power the vehicles. The electric powertrain comprises the battery, electric motor and offers power transmission that helps to generate the power needed to propel the vehicle. It replaces gasoline-powered internal combustion engines with lightweight, low vibration, and instant torque generator machines. The electric powertrains are fuel-efficient, eco-friendly, and low maintenance transmission systems that support the market growth.

 

Electric Powertrain Market: Dynamics

The growing demands for automobile electrification and increasing awareness and demand for electric vehicles globally are driving the growth of the electric powertrain market. As the automotive industry moves towards more environmentally friendly and fuel-efficient transportation, the automotive industry is approaching low maintenance and zero-emission powertrain solutions. Strict rules and regulations, as well as lucrative incentives for mass deployment of electric vehicles, are projected to increase the demand for electric powertrains. Higher fuel efficiency and rising demand for engine downsizing are also fuelling the growth of the global electric powertrain market.

 

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The technological development of Lithium-ion batteries will provide the electric powertrain market with new opportunities. The fall in batteries' cost would spur the sales of electric vehicles and have a tremendous impact on the electric powertrain market. Joint ventures by different organizations to develop charging infrastructure would also significantly impact the demand for the electric powertrain. Moreover, the fast-growing demand for improved driving experience and the lightweight driving shaft boost the market's growth.

However, the unavailability of the electric charging infrastructure and the development of conventional engines are hampering electric powertrains' global market growth. Also, the high cost of electrical components is a significant challenge in the electric powertrain market.

 

Impact of COVID-19 on Electric Powertrain Market-

The recent COVID-19 pandemic has cut-off the successive growth, which was achieved over the years. Transportation has been impacted in multiple ways, with automobile prices rising, factory shutdowns, and use of public transport dwindling to disrupt supply chains. Furthermore, changes in consumer buying behaviour due to uncertainties surrounding the pandemic may have significant consequences for the near future growth of the industry. These factors will affect the electric powertrain market.

Electric Powertrain Market: Competitive Landscape

The major competitors of the electric powertrain market are Robert Bosch GmbH, Mitsubishi Electric Corporation, Magna International Incorporated, Continental AG, and Hitachi.

The other companies are BorgWarner Incorporation, ZF Friedrichshafen AG, Denso Corporation, Dana Incorporated, Valeo Group, Schaeffler AG, Nidec Corporation, Magneti Marelli Ck Holdings, GKN PLC, Cummins Incorporation, Meritor Incorporation, Bonfiglioli Riduttori SPA.

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