-- Complimentary Web Conference on the Future of Global Powertrain and Electric Vehicle Market
LONDON, March 25, 2014 /PRNewswire/ -- The global passenger vehicle powertrain market promises dynamic shifts and interesting changes this year. While 2013 focused on 3-cylinder engines and breakthroughs in hybrid technologies, 2014 is expected to be the year of high-speed automatic transmissions (8-, 9-, 10-speeds) and OEM (original equipment manufacturers) powertrain strategy plans for post 2018. As the European Union (EU) gears up for the adoption of the Euro 6 emission norms, a discussion of immense interest is that of Diesel Powertrains.
What does the future hold? In an upcoming complimentary web conference, entitled Future of the Global Powertrain and Electric Vehicles Market – 2014 Outlook, taking place on Wednesday, 2nd April 2014, at 4.00 pm BST, Frost & Sullivan will provide a global outlook of the passenger vehicle powertrain and electric vehicle landscape in 2014. Industry Analyst, Yeswant Abhimanyu, together with Principal Consultant, Edward Hanawalt, will reveal how the overall diesel market share in Europe is to decline by about 0.5–2.0 percent in 2014.
To participate in this complimentary web conference, please email Katja Feick at email@example.com with your full contact details. Upon receipt of the above information, a registration link will be e-mailed to you. You may also register to receive a recorded version of the briefing at anytime by submitting the aforementioned contact details.
"The diesel share in many key European markets has witnessed a decline in 2013," outlines Abhimanyu. "Of profound importance was France—traditionally a diesel powertrain fortress—where the diesel market share had fallen almost 6 percent to about 67 percent in 2013, reaching the level it was almost a decade ago. Amongst other key markets, Norway, Sweden, and Belgium also witnessed a decline of more than four percent each."
With the exception of Italy, which saw a slight 0.8 percent growth in diesel share and a decrease of about 2.6 percent in gasoline share from 2012, the gasoline market share in four of the G5 countries experienced growth. CNG vehicle registrations gained almost 1.7 percent over their previous year's share.
"The CNG market in Italy, Germany, and Sweden will grow this year. Local incentives and support, comparatively better refuelling infrastructure, and a push by local OEMs are amongst the key drivers for the expected growth," Abhimanyu continues.
The 2014 diesel markets outside of Europe, in India and the United States, however, are expected to grow depending on the economic and political dynamics. As an example, although the market in India last year witnessed accelerated growth to about 53 percent, its sustained increase will heavily depend on fuel prices, the diesel deregulation status, and possibly even on the outcome of the 2014 General Elections.
"The increase in cost of diesel powertrains with additive technologies economically challenges the uptake of price sensitive A- and B-segment vehicles," Abhimanyu concludes. "The fact that these segments currently account for more than 30 percent of the total vehicle sales in Western Europe further magnifies the reasons for decline in diesel share. As a consequence, vehicles not only experience reduced market competition but also a decline in consumer interest, resulting in OEMs going to the extent of removing/reducing their diesel variant vehicle portfolio."
To view some taster slides on the Future of Powertrain and Electric Vehicles Market – 2014 Outlook, visit Slideshare: http://slideshare.net/FrostandSullivan/teaser-slides-ptev-outlook
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.
Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.
- The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
- The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.
For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?
SOURCE Frost & Sullivan