The EV powertrain market accounted to US$ 30,095.5 Mn in 2018 and is expected to grow at a CAGR of 12.0% during the forecast period 2019 – 2027, to account to US$ 82,382.3 Mn by 2027.
Geographically, the EV powertrain market is segmented into North America, APAC, Europe, and Rest of World. Asia-Pacific led the EV powertrain market in 2018 with a significant market share, and is also anticipated to be the fastest growing region during the forecast period of 2019 to 2027. Following by Europe which has some well-developed countries, and the region has a strong automotive sector which is expected to drive the growth of the EV powertrain market in the region. Whereas in North America the OEMs and technology providers continually invest significant amounts in the development of robust solutions, which is attracting vehicular customers. China is the largest EV manufacturing country, and the adoption rate of EVs is highest worldwide, several international EV manufacturers are investing in the country and are expanding their production units to the country. For instance, Tesla is investing US$ 2.0 Bn in a new factory in Shanghai, China, for the production of the Model 3 sedan and future vehicles. Volkswagen has also adopted a similar strategy to capitalize more than US$ 10 Bn in China for over six years.
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Key players in this market include :
- Continental AG
- Robert Bosch GmbH
- Cummins, Inc.
- Maxim Integrated Products, Inc.
- Magna International Inc.
- Tata Elxsi
- Dana Limited
- Valeo SA
- Mahle GmbH
- ZF Friedrichshafen AG
The latest research report on the “EV Powertrain Market– Industry Analysis, Market Size, Opportunities and Forecast, 2019 – 2027” provides a comprehensive assessment of EV Powertrain Market for the forecast period from 2019 to 2027, including market values for the years 2018 and 2019. The investigative report provides a detailed analysis of the impact of COVID-19 on various segments in EV Powertrain Market based on product type, application, and end-use across numerous countries around the world. Further, the report also provides insights into market developments, trends, supply and demand changes across various regions across the globe. Thereby, the report provides a holistic view on EV Powertrain Market in order to help decision makers with various strategic insights and future outlook. EV Powertrain Market is expected to witness continued growth during the forecast period from 2019 to 2027.
This is a professional and in-depth study on the current state of EV Powertrain Market with a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Strategic Insights and Development plans are also discussed and manufacturing processes and cost structures analyzed. EV Powertrain Market import/export consumption, supply and demand figures and cost price and production value gross margins are also provided.
The report focuses on global major leading EV Powertrain Market players providing information such as company profiles, product picture and specification, capacity, production, price, cost, revenue and contact information. Upstream raw materials and equipment and downstream demand analysis is also carried out.
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Highlights key business priorities to assist companies realign their business strategies.
- Features key findings and crucial progressive industry trends in the global EV Powertrain Market, thereby allowing players to develop effective long-term strategies.
- Develops/modifies business expansion plans by using substantial growth offering from developed and emerging markets.
- Scrutinizes in-depth market trends as well as key market drivers and restraints.
- Enhances the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation, and industry verticals.
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