Global Automotive Drivetrain Market
Automotive Drivetrain Market Size And Forecast
According to Verified Market Research, the Global Automotive Drivetrain Market was valued at USD 217.97 Billion in 2018 and is projected to reach USD 337.83 Billion by 2026, growing at a CAGR of 5.6% from 2019 to 2026.
Global Automotive Drivetrain Market Outlook
The increasing demand for the production of the automobiles with the enhancing driving experience, comfort and safety is the major factor fueling the growth of the market. In addition, the rising needs for the electric vehicles led to drive the sales for the automotive drivetrain system. Moreover, the growing utilization of the light-weighted driveshaft to enhance the fuel efficiency and performance imposes a positive outlook on the market. However, the huge cost associated with the maintenance and initial investment, and volatility in the raw material price are restraining the market growth.
Global Automotive Drivetrain Market Competitive Landscape
The Global Automotive Drivetrain Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as Aisin Seiki Co., Ltd., Borgwarner Inc., ZF Friedrichshafen AG, Dana Holding Corporation, Showa Corporation, Schaeffler Group, American Axle & Manufacturing, Inc., GKN PLC, Magna International Inc.,and JTEKT Corporation.
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