Automotive Drivetrain Market worth $314.4 Billion by 2019, According to a New Study on ASDReports

Thursday 13 November 2014, Amsterdam

The new report on ASDReports, "Automotive Drivetrain Market by Drive Type (FWD, RWD, & AWD), Vehicle Type (Passenger Car, LCV, & HCV), & Region (Asia-Oceania, Europe, North America, & ROW) - Industry Trends & Forecast to 2019", classifies and defines the automotive drivetrain market in terms of value and volume. The report highlights potential growth opportunities for automotive drivetrain market in the coming years, and also covers the review of - market drivers, restraints, opportunities, challenges, competitive landscape, and other key aspects related to automotive drivetrain market.


Asia-Oceania:

The Asia-Oceania region includes nations such as China, Japan, South Korea & India. With a combined population being 1/3rd of the global population, the demand for vehicles in the region is on a steady rise which is also driving the market for drivetrains. Tier 1 suppliers such as JTEKT Corp. (Japan), Aisin Seiki Co., Ltd (Japan), and GKN plc (U.K.) are some of the dominant players in this region that have strong presence in this region.


Europe:

The European economy is slowly recovering after the economic downturn experienced in 2009; this slump has affected automotive industry within the region. However, there are only a handful of countries that contribute to the growth of the European market (Germany, U.K., France, Spain & Italy). With stringent emission norms and need for better fuel efficiency, the OEMs are opting for technological advancements to improve vehicle drivetrains. The European region is projected to show a stable growth rate for the period under study. Germany is estimated to be the largest market for automotive drivetrain in the European region.


North America:

The U.S. economy is booming at a slow rate after the economic crisis, but car and truck production has been growing steadily for the past two years. The OEMs are producing a ton of attractive new products to intensify the sales and production back to pre-recession levels. They are also offering low-cost credit for the new buyers.

The report covers the automotive drivetrain market in terms of volume and value. The market size from 2012 to 2019 with regards to volume, is provided in terms of thousand units (‘000 Units), whereas the value of the market is provided in terms of USD million ($million) from 2012 to 2019. The automotive drivetrain market is broadly classified by region (Asia-Oceania, Europe, North America, and RoW), focusing on key countries in each region. Further, the market is also segmented on the basis of drive type (FWD, RWD, & AWD), and vehicle type (passenger car, LCV, & HCV). The report also gives a comprehensive review of market drivers, restraints, opportunities, challenges and other related aspects in the automotive drivetrain market. The key players in this market have also been identified and profiled.