As government in various countries are increasingly focusing on developing smart cities, demand for the electric vehicles is bound to increase globally. In order to reduce the emission of carbon dioxide in the environment, government in various countries are increasingly imposing regulations regarding the level of carbon dioxide emitted in the country. Growing need to reduce the level of emission and control the pollution level has led to increasing demand for electric vehicles. Surge in demand for electric vehicles will continue to rev up demand for the automotive powertrain globally.
Read Report Overview: https://www.factmr.com/report/346/automotive-powertrain-market
In order to reduce the consumption and fuel emission, manufacturers are increasingly focusing on incorporating engine downsizing in the vehicles. Increasing integration of engine downsizing will continue to remain a major trend in the automotive industry globally. In addition, manufacturers are also focusing on integrating engine management sensors to improve the efficiency of the engine and optimize the fuel economy. Moreover, companies in the automotive industry are further concentrating on offering vehicles equipped with sensor clusters and smart actuators. Growing need to integrate automotive components such as transmission, smart actuators and sensor clusters will continue to fuel demand for automotive powertrain globally. Manufacturers are also focusing on integrating leading technological features such as combustion control to ensure effective prevention of the environmental pollution. Bound to these factors, the global automotive powertrain market is expected to witness significant growth during the forecast period.
Growing need for power in all the wheels of the vehicle is expected to rev up demand for all wheel drive in the automotive industry. On the basis of position type, the all wheel drive segment is expected to represent the highest revenue growth, accounting for a value of over US$ 80 Mn by the end of 2026. Moreover, the all wheel drive position type segment is expected to register a robust CAGR throughout the forecast period.
Obtain the Sample of the Report: https://www.factmr.com/connectus/sample?flag=S&rep_id=346
Based on vehicle type, the light commercial vehicle segment is expected to generate significant revenues, recording a value of over US$ 30 Mn by the end of 2017. However, the mid-sized vehicle type segment and the compact vehicles segment is expected to register a significant CAGR through 2026.
By powertrain type, the gasoline segment is expected to witness a significant revenue growth, accounting for a value of over US$ 100 Mn by the end of 2026. In contrary, the battery electric vehicle powertrain type segment is expected to register the highest CAGR during the forecast period.
Growing need for comfort, safety and performance is becoming a major concern in the automotive industry. In order to generate power in the engine, rev up acceleration, gain traction and the high towing capacity, manufacturers are increasingly integrating powertrains in the vehicles. In addition, the manufacturers in the automotive industry are also focusing on incorporating the powertrain sensors and actuators in the vehicle for enhanced transmission system. Surge in demand for enhanced transmission system will continue to fuel demand for automotive powertrain globally. Imposition of government regulations regarding emission of carbon dioxide will further continue to impact growth of the global automotive powertrain market positively.
Request for the Report Customization: https://www.factmr.com/connectus/sample?flag=RC&rep_id=346
About Us
Fact.MR’s methodology is robust and comprehensive. We employ a range of tools and assets to develop an all-encompassing coverage of a range of industries. We compile data points at local, country, regional, and global level â€" our approach to capturing the finest nuances, without losing sight of the bigger picture helps us in developing accurate and reliable forecasts and estimates.
Fact.MR has a standard set of guidelines and standards that help maintain a level of consistency across all of our research offerings. The standardization includes step-by-step documentation of the methodologies and guidelines on the sources that are to be used for incorporation of objective and accurate data.
The standardization also involves use of industry-wide analytical tools, and rigorous quality checks to validate market forecasts and sizes. Our unwavering focus on standardization ensures that clients receive the same quality of research and analysis that Fact.MR is known for.
Contact Us
FactMR
Suite 9884
27 Upper Pembroke Street,
Dublin 2, Ireland
Tel: +353-1-4434-232
Tel: +353-1-6111-593
Email: sales@factmr.com
Blog: https://theheraldmedia.com/