Electric Powertrain Market 2021-2031
New Study Reports ” Electric Powertrain Market 2021 Global Opportunities, Challenges, Strategies and Forecasts 2031″ has been Added on PersistenceMarketResearch.
Report Details:
This report provides in depth study of “Electric Powertrain Market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Electric Powertrain Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an organization such as profiling, the product outline, the quantity of production, required raw material, and the financial health of the organization.
Drivers and Constraints
The fundamental dynamics that are explored in the report hold substantial influence over the Electric Powertrain market. The report further studies on the value, volume trends, and the pricing history of the market. In addition to it, various growth factors, restraints, and opportunities are also analyzed for the market to study the in-depth understanding of the market.
Sales of Electric Powertrain is expected to grow at a CAGR of 13% to 15% during 2021 to 2031
According to latest study, electric powertrain market will grow at a positive rate during 2021-2031. Demand for powertrain will witness an optimistic growth outlook in the forecast period.
Growing demand and production of electric vehicles as well as increase in research & development of powertrain batteries among manufacturers is accelerating the market growth in the given time period.
What is Driving Demand for Electric Powertrain?
Electric powertrain comprises of the components that generate power that is required to move the vehicle and deliver it to the wheels of the vehicle. Increasing electrification of vehicles along with increasing stringent government emission norms are some of the factors that are expected to stimulate sales of automotive powertrain around the globe.
Over the forecast period, the market is likely to grow because of innovations in lithium- ion batteries as well as increasing in research & development to improve powertrain systems by leading manufacturers is surging the sales of powertrain systems. Main components of powertrain are engine, transmission and driveshaft that are important for any type of vehicle.
Manufacturers are focusing on developing innovative and efficient powertrains solutions for all types of vehicles which is also an important driving factor for the market. Growing demand of hybrid electric vehicles in many developed countries like China, Germany, US is also an important factor contributing to the growth of powertrain components.
Key Players:
The report has profiled some of the Important players prevalent in the global like – Bosch, Mitsubishi Electric, Magna International, Continental AG, Hitachi and more.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Electric Powertrain.
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Automotive Recovery Likely to Augment Electric Powertrain Sales
The pandemic has had a declining impact on automotive sales. Automotive production declined in 2020 as the manufacturing facilities were closed due to lockdown. This closing of facilities heavily impacted the production and sales of battery electric vehicles (BEV) as well as hybrid electric vehicles (HEV) in the market.
Electric vehicles and plug- in hybrid vehicles need high voltage power solutions in order to run on electricity which is an important factor contributing to the increasing demand of electric powertrain components.
Due to stringent emission regulation norms, governments of developed countries like Germany, Japan and US are promoting OEMs to engage more towards manufacturing of hybrid electric vehicles to avoid harmful carbon emissions in the environment. This factor is likely to upscale the market for automotive powertrain.
Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)
Key Stakeholders
Electric Powertrain Market Manufacturers
Electric Powertrain Market Distributors/Traders/Wholesalers
Electric Powertrain Market Subcomponent Manufacturers
Industry Association
Downstream Vendors
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Major Highlights of the Electric Powertrain Market Report:
- The Electric Powertrain Market analysis report offers an in-depth study of the potential market growth opportunities and challenges.
- The report dives deeper into the market and explains the dynamic factors bolstering market growth.
- The report deeply assesses the current, historical market size, market share, and revenue growth rates to offer accurate market projections for the forecast period.
- The report analyzes the Electric Powertrain Market presence across major regions of the world.
- It determines the production & consumption capacities and demand & supply dynamics of each regional market.
- The report further illustrates the intense competition among the key market players and highlights their effective business expansion plans and strategies.
- It provides company overview and SWOT analysis of each of the market players.
Key Questions Answered in This Report.
- What will the Market growth rate in Future?
- What are the key factors driving the global Market?
- Who are the key manufacturers in Market space?
- What are the opportunities and threats faced by the vendors in the global industry?
- What are sales, revenue, and price analysis by regions of industry?
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