FORT WORTH, Texas, May 19, 2015 /PRNewswire/ --
The North America Drivetrain Market was valued at $54,759.6 million in 2014, and is expected to reach $75,358.5 million by 2019, at a CAGR of 6.6% from 2014 to 2019.
Browse through the TOC of North America Drivetrain Market for an analysis of industry trends and segments, with the help of various tables and figures.
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The largest revenue is contributed by U.S. market which is estimated to grow from $38,318.2 million in 2014 to $53,838 million by 2019 at a CAGR of 7.0 % from 2014 to 2019. Canada and Mexico are expected to grow at a CAGR of 5.2% and 5.8%. The growth of the North American drivetrain system market is driven by factors such as enhanced driving experience and improved fuel efficiency over conventional systems. The factors that restrain the growth of the drivetrain system market include high cost of high-end drivetrain systems.
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As of 2014, U.S. is estimated to hold the largest share in the North America drivetrain system market, followed by Mexico and Canada.
Currently, U.S. is the leader in drivetrain system production by volume followed by Mexico and Canada. The major players in North America drive train system market are BorgWarner, Aisin Seki and JATCO.
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