Electric Powertrain Market Size, Share, & Trend Analysis Report By Powertrain Product Type (Battery Electric Vehicle (BEV), Mild Hybrid, Series Hybrid, Parallel Hybrid, Series-Parallel Hybrid); By Vehicle Type (Light Vehicles, Cars, Light Trucks); By Regions, Segments & Forecast, 2019 – 2026
The Global Electric Powertrain Market size is estimated to grow at a CAGR of 11.3% during the forecast period 2019-2026. As per the analysis, the global market was valued at $257.5 billion in the year 2018 and is expected to reach $604.74 billion by the end of the year 2026.
The global electric powertrain market is driven by various growth drivers such as transition from conventional internal combustion engines in conventional automobiles to electric vehicles will boost the demand of e-powertrain in the future period. The rapid shift in automotive technologies of conventional gasoline engines attract the demand of electric vehicle powertrain technologies. Also, increasing focus towards low carbon environment to reduce global warming led to boost in demand of electric vehicles.
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The increasing electric vehicles market at rapid pace is boosting the growth in demand of electric powertrains. The electric vehicles market is witnessing major investments in electric and hybrid vehicles from vehicle manufacturers to boost their market share for the long-term. Companies that are majorly based in the United States, Europe, Japan and China are focusing to increase the production capacity of e-vehicles. Moreover, decline in cost of batteries will also support the sales of e-vehicles which in turn will boost the growth of the sale of e-powertrains. Additionally, positive regulatory policies in the form of tax sops and subsidies for both consumers and related industries will also influence the growth of the production and sales of electric vehicles worldwide.
Segmentation Overview of the Global Electric Powertrain Market
The Global Electric Powertrain Market is segmented on the basis of Product Type and Vehicle Type. These market segments are further categorized into various sub-segments go study the market in detail.
The Product Type Segment of the Global Electric Powertrain Market is Sub-Segmented into:
- Mild Hybrid
- Series Hybrid
- Parallel Hybrid
- Series-Parallel Hybrid
The Vehicle Type Segment of the Global Electric Powertrain Market is Sub-Segmented into:
- Light Vehicles
- Light Trucks
Geographic Overview of the Global Electric Powertrain Market
On the basis of geographical segmentation, the global electric powertrain market was studied across North America (U.S., Canada); Europe (Germany, UK, France); Asia Pacific (China, India, Japan); Latin America (Brazil, Mexico); Middle East & Africa. As per the analysis, the Asia-Pacific is expected to grow at substantial rate and estimated to record largest market share in the global market, owing to growth in demand of electric vehicles in China—considering it as the most significant electric vehicle market player in the region—as demand for e-powertrains is augmenting in the region. However, the global electric powertrain industrial growth can be restrained by high product prices in low economic growth countries.
Key Players Insights
AllCell Technologies LLC, BMW Motorrad International, Jayem Automotives, TM4, EptDyn, ATS Automation Tooling Systems, Inc., IET S.p.A, ALTe Technologies, ARC CORE and AVL LIST GmbH are some major players included in the research study of the global electric powertrain market. The key companies are adopting various competitive strategies to withhold the market position for the long-term. Some of the competitive strategies are product launch, technological advancement, partnership, collaboration and merger and acquisition among other strategies.
Key Topics Covered
1. Overview and Scope
2. Executive Summary
2.1. Market Definition
2.2. Market Segmentation
7. Company Profiles
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