Automotive Powertrain Systems Market Analysis

Automotive Powertrain Systems Market Analysis

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The automotive powertrain systems market from Internal Combustion Engine (ICE) segment dominated around USD 654 billion revenue in 2022. The market is currently witnessing a dynamic shift in powertrain types, with the convergence of several key trends shaping the future of mobility. The Internal Combustion Engine (ICE) powertrain segment continues to evolve in response to stringent emissions regulations and the demand for increased fuel efficiency.
 

Passenger Cars segment held over 55% of the automotive powertrain systems market share in 2022, due to undergoing significant changes in response to the evolving consumer preferences, environmental concerns, and technological advancements, with distinct trends emerging across various vehicle types. In the realm of passenger cars, there is a notable shift toward electrification.
 

The Original Equipment Manufacturers (OEMs) segment accounted for 26% of the automotive powertrain systems market share in 2022. The OEM segment remains the primary distribution channel for powertrain systems. As automakers intensify their efforts to develop Electric Vehicles (EVs) and hybrid models, OEMs are increasingly integrating electric powertrains into their production lines.
 

U.S. automotive powertrain systems market size reached USD 97 billion in 2022. The U.S. plays a pivotal role in shaping the North American industry landscape. The market is characterized by a push for cleaner & more efficient powertrain systems. A key driver of this shift is stringent emission regulations, which have pushed automakers to invest heavily in electric & hybrid powertrain technologies.