Growing Demand for Comfort and Safety in Vehicles is Driving the Automotive Drivetrain Market

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Automotive Drivetrain Market by Drive Type (AWD,
RWD, FWD), Vehicle Type (Passenger car, LCV,
Buses and Trucks), Electric Vehicle Drive type
(BEV, PHEV, HEV), and Region - Global Forecast to
2021
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Increasing need for better acceleration,
traction, and towing capabilities in vehicles is
propelling the growth of the automotive
drivetrain market Towing capability, traction,
and acceleration play a crucial role in Light
Commercial Vehicles (LCVs) and Heavy Commercial
Vehicles (HCVs). Generally, LCVs and HCVs are
equipped with Rear Wheel Drive (RWD) for better
towing capability. However, in terms of traction,
All-Wheel Drive (AWD) systems are more effective
than conventional RWD systems. Developments in
the automotive drivetrain industry could lead to
advanced drivetrain technology that meets the
need for better acceleration and traction. The
increasing need for better acceleration and
traction has compelled Tier I companies to
enhance the drivetrain system. The global demand
for LCVs and HCVs is increasing at a promising
rate this is expected to drive the automotive
drivetrain market in the coming future. PDF
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Growing demand for lightweight shafts to spur the
growth of the automotive drivetrain market The
heavy, rigid shafts used in Sports Utility
Vehicles (SUVs)/Multi-Utility Vehicles
(MUVs)/Multi-Purpose Vehicles (MPVs), LCVs, and
some big saloon sedans contribute to the weight
of the vehicle. The automotive industry is
witnessing a growing trend of lightweight hollow
shafts. The forged construction of hollow shafts,
along with their drilling and heat treatment,
significantly reduces the weight of the shaft
without compromising its torsional stiffness.
These shafts are 15 to 30 lighter than their
rigid counterparts. The lightweight shafts are
generally equipped in hatchbacks and small and
mid-size sedans. OEMs are exhibiting a growing
inclination towards lightweight hollow shafts,
and are using them in SUVs/MUVs/MPVs. The global
trend of vehicle weight reduction will likely
propel the demand for hollow shafts, as these
shafts help reduce vehicle weight. Stringent
emission norms and standards are also driving the
market for lightweight hollow shafts, as they
help reduce emissions and increase fuel
efficiency. Request for Customization
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The All-Wheel Drive (AWD) market, in terms of
value, is estimated to grow at the highest CAGR
from 2016 to 2021. As AWD systems provide higher
power and better control and traction, most
Sports Utility Vehicles (SUVs) are equipped with
these systems. AWD aids the movement of vehicles
on slippery surfaces. This system distributes
power to the wheels with increased traction, as
the accelerator pedal is pressed. Features such
as stability control and anti-slip work in
conjunction with AWD. However, they add
substantial weight, complexity, and cost to the
vehicle. They also reduce the fuel economy owing
to the increased drag on the drivetrain.
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Asia-Pacific to be the largest market for
automotive drivetrains Asia-Pacific is estimated
to dominate the automotive drivetrain market, and
is projected to grow at the highest CAGR during
the forecast period. The region has emerged as a
hub for alternative fuel passenger cars in recent
years, with China and Japan as the frontrunners.
Governments in the region are also trying promote
the sales of alternate fuel vehicles through
incentives and tax deductions. The
automotivedrivetrain market is dominated by a few
global players, and comprises several regional
players. Some of the key manufacturers operating
in the market are Aisin Seiki Co., Ltd (Japan),
American Axle Manufacturing (U.S.), BorgWarner
Inc. (U.S.), GKN plc (U.K.), Magna International
Inc. (Canada), Dana Holding Corporation (U.S.),
JTEKT Corporation (Japan), Showa Corporation
(Japan), and Schaeffler Group (Germany). Speak
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• Market Ecosystem
• The automotive drivetrain market ecosystem
  consists of drivetrain component suppliers such
  as Aisin Seki Co., Ltd. (Japan) and American Axle
  Manufacturing, Inc. (U.S.), which supply
  drivetrains to automotive OEMs such as Nissan
  (Japan), Tata Motors (India), Chevrolet (U.S.),
  and Volkswagen AG (Germany).
• Target Audience
• Automotive drivetrain manufacturers
• Automotive drivetrain component suppliers
• Raw material suppliers
• Automobile organizations/associations
• Traders and distributors of drivetrain systems
• Automotive Original Equipment Manufacturers
  (OEMs)
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Browse gtgt 69 market data
tables 49 figures
140 pages and in-depth TOC Automotive
Drivetrain Market by Drive Type (AWD, RWD, FWD),
Vehicle Type (Passenger car, LCV, Buses and
Trucks), Electric Vehicle Drive type (BEV, PHEV,
HEV), and Region - Global Forecast to
2021 Early buyers will receive 10
customization on this report. This study
answers several questions for the stakeholders,
primarily which market segments to focus on in
the next two to five years to prioritize efforts
and investments.
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