DUBLIN, November 13, 2014 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/s8tp98/automotive) has announced the addition of the "Automotive Drivetrain Market by Drive Type, Vehicle Type, & Region - Industry Trends & Forecast to 2019" report to their offering.
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The Automotive Drivetrain Market is anticipated to grow at a CAGR of 6.19% to reach $314.4 Billion by 2019.
During the course of evolution in the automobile industry, drivetrain systems have greatly evolved from manual to automatic systems. The introduction of technically advanced transmission systems have offered some of the eminent features such as additional vehicle space, reduction in the vehicle's weight, increase in fuel economy, and improved performance.
The increasing demand for fuel-efficient and high performance vehicles have pushed the OEMs towards application of these advanced transmission systems such as automatic transmission, dual clutch transmission, and continuously variable transmission not only in high end premium passenger cars, but also in lower segments. The wide acceptance of these highly advanced drivetrain systems by consumers have greatly influenced the growth in the global automotive drivetrain market.
In context of vehicle type, the drivetrain market in passenger cars comprises maximum share and is estimated to grow at a faster rate compared to light commercial vehicle and heavy commercial vehicle drivetrain markets. As of 2013, the passenger cars segment is mainly dominated by front-wheel drive (FWD) systems, whereas the rear wheel drive (RWD) dominates the light commercial and heavy commercial vehicles drivetrain market, as these vehicles carry or pull heavy loads. In terms of growth rate, all-wheel drive (AWD) system is estimated to grow at a faster rate owing to the increasing demand for compact and crossover SUVs mainly in the emerging economies. As we know, SUVs are the largest adopters of AWD systems as they need improved acceleration and traction required for unfavorable terrains.
Region-wise, a major share of the automotive drivetrain market value is generated by Asia-Oceania, as it is the major hub for vehicle production. Moreover, the increasing demand for automobiles has also offered a major contribution for growth in this region. The second and third position is taken by North America and Europe, respectively. Introduction of technically advanced transmission systems, specifically automatic transmission systems, and rapid adoption of the same have had a great influence on the drivetrain market of the North American and European regions.
Some major players contributing to the global automotive drivetrain market are ZF Friedrichshafen AG (Germany), JTEKT Corp. (Japan), Aisin Seiki Co.; Ltd (Japan), American Axle and Manufacturing Inc. (U.S.), BorgWarner Inc. (U.S.), and GKN plc (U.K.).
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Drivetrain Market, By Vehicle Type
7 Drivetrain Market, By Gerography
8 Drivetrain Market, By Type
9 Competitive Landscape
10 Company Profiles
Companies Mentioned:
For more information visit http://www.researchandmarkets.com/research/s8tp98/automotive
Media Contact: Laura Wood , +353-1-481-1716, press@researchandmarkets.net
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