Syndicated Research Studies

Automotive Powertrain Industry Overview The global automotive powertrain market size was valued at USD 694.86 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 11.6% from 2021 to 2025. Low automotive sales and new requirements amid the COVID-19 pandemic have affected the overall automotive industry, leading to a subsequent decline in the growth of the market. The growing demand for vehicle electrification in the automotive industry and the increasing sales of electric vehicles are also contributing to the demand for automotive powertrains. Moreover, the increasing demand for automated transmission and engine downsizing to improve the fuel efficiency of vehicles is projected to accelerate the growth of the market. Gather more insights about the market drivers, restrains and growth of the Global Automotive Powertrain Market Increasingly stringent carbon and nitrogen emissions regulations globally are also likely to drive market growth over the for...