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Passenger Cars : Estimated to Be the Fastest Growing Vehicle Segment in the Automotive Drivetrain Market

Towing capability, traction, and acceleration play a crucial role in Light Commercial Vehicles (LCVs) and Heavy Commercial Vehicles (HCVs). Generally, LCVs and HCVs are equipped with Rear Wheel Drive (RWD) for better towing capability. However, in terms of traction, All-Wheel Drive (AWD) systems are more effective than conventional RWD systems. Developments in the automotive drivetrain industry could lead to advanced drivetrain technology that meets the need for better acceleration and traction. The increasing need for better acceleration and traction has compelled Tier I companies to enhance the drivetrain system. The global demand for LCVs and HCVs is increasing at a promising rate; this is expected to drive the automotive drivetrain market in the coming future.

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Passenger Cars : Estimated to Be the Fastest Growing Vehicle Segment in the Automotive Drivetrain Market

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  1. Automotive Drivetrain Market by Drive Type (AWD, RWD, FWD), Vehicle Type (Passenger car, LCV, Buses and Trucks), Electric Vehicle Drive type (BEV, PHEV, HEV), and Region - Global Forecast to 2021 www.MarketsandMarkets.com

  2. Increasing need for better acceleration, traction, and towing capabilities in vehicles is propelling the growth of the automotive drivetrain market Towing capability, traction, and acceleration play a crucial role in Light Commercial Vehicles (LCVs) and Heavy Commercial Vehicles (HCVs). Generally, LCVs and HCVs are equipped with Rear Wheel Drive (RWD) for better towing capability. However, in terms of traction, All-Wheel Drive (AWD) systems are more effective than conventional RWD systems. Developments in the automotive drivetrain industry could lead to advanced drivetrain technology that meets the need for better acceleration and traction. The increasing need for better acceleration and traction has compelled Tier I companies to enhance the drivetrain system. The global demand for LCVs and HCVs is increasing at a promising rate; this is expected to drive the automotive drivetrain market in the coming future. PDF Brochure : https://www.marketsandmarkets.com/pdfdownload.asp?id=48326627

  3. Growing demand for lightweight shafts to spur the growth of the automotive drivetrain market The heavy, rigid shafts used in Sports Utility Vehicles (SUVs)/Multi-Utility Vehicles (MUVs)/Multi-Purpose Vehicles (MPVs), LCVs, and some big saloon sedans contribute to the weight of the vehicle. The automotive industry is witnessing a growing trend of lightweight hollow shafts. The forged construction of hollow shafts, along with their drilling and heat treatment, significantly reduces the weight of the shaft without compromising its torsional stiffness. These shafts are 15% to 30% lighter than their rigid counterparts. The lightweight shafts are generally equipped in hatchbacks and small and mid-size sedans. OEMs are exhibiting a growing inclination towards lightweight hollow shafts, and are using them in SUVs/MUVs/MPVs. The global trend of vehicle weight reduction will likely propel the demand for hollow shafts, as these shafts help reduce vehicle weight. Stringent emission norms and standards are also driving the market for lightweight hollow shafts, as they help reduce emissions and increase fuel efficiency. Request for Customization : https://www.marketsandmarkets.com/requestCustomization.asp?id=48326627

  4. The All-Wheel Drive (AWD) market, in terms of value, is estimated to grow at the highest CAGR from 2016 to 2021. As AWD systems provide higher power and better control and traction, most Sports Utility Vehicles (SUVs) are equipped with these systems. AWD aids the movement of vehicles on slippery surfaces. This system distributes power to the wheels with increased traction, as the accelerator pedal is pressed. Features such as stability control and anti-slip work in conjunction with AWD. However, they add substantial weight, complexity, and cost to the vehicle. They also reduce the fuel economy owing to the increased drag on the drivetrain. Battery Electric Vehicles (BEVs) are expected to dominate the electric vehicle segment of the automotive drivetrain market. According to the International Energy Agency, 1 million electric cars were sold in 2015. Ambitious targets and policy support have lowered vehicle costs, extended vehicle range, and reduced consumer barriers in a number of countries.  Request Sample @ https://www.marketsandmarkets.com/requestsample.asp?id=184165229

  5. Asia-Pacific to be the largest market for automotive drivetrains Asia-Pacific is estimated to dominate the automotive drivetrain market, and is projected to grow at the highest CAGR during the forecast period. The region has emerged as a hub for alternative fuel passenger cars in recent years, with China and Japan as the frontrunners. Governments in the region are also trying promote the sales of alternate fuel vehicles through incentives and tax deductions. The automotivedrivetrain market is dominated by a few global players, and comprises several regional players. Some of the key manufacturers operating in the market are Aisin Seiki Co., Ltd (Japan), American Axle & Manufacturing (U.S.), BorgWarner Inc. (U.S.), GKN plc (U.K.), Magna International Inc. (Canada), Dana Holding Corporation (U.S.), JTEKT Corporation (Japan), Showa Corporation (Japan), and Schaeffler Group (Germany). Speak to analyst @ https://www.marketsandmarkets.com/speaktoanalyst.asp?id=48326627

  6. Market Ecosystem: The automotive drivetrain market ecosystem consists of drivetrain component suppliers such as Aisin Seki Co., Ltd. (Japan) and American Axle & Manufacturing, Inc. (U.S.), which supply drivetrains to automotive OEMs such as Nissan (Japan), Tata Motors (India), Chevrolet (U.S.), and Volkswagen AG (Germany). Buy Now: https://www.marketsandmarkets.com/Purchase/purchase_report1.asp?id=48326627

  7. Browse >> 69 market data tables 49figures 140 pagesand in-depth TOC “Automotive Drivetrain Market by Drive Type (AWD, RWD, FWD), Vehicle Type (Passenger car, LCV, Buses and Trucks), Electric Vehicle Drive type (BEV, PHEV, HEV), and Region - Global Forecast to 2021” Early buyers will receive 10% customization on this report. This study answers several questions for the stakeholders, primarily which market segments to focus on in the next two to five years to prioritize efforts and investments.

  8. Contact:Mr. Shelly SinghMarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 sales@marketsandmarkets.com

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