The global Automotive Powertrain Market is witnessing a transformational shift, driven by the increasing adoption of electric vehicles, evolving emission norms, and significant advancements in automotive technologies. According to a comprehensive report by Kings Research, Global automotive powertrain market size was valued at USD 794.15 billion in 2023, which is estimated to be valued at USD 855.62 billion in 2024 and reach USD 1509.13 billion by 2031, growing at a CAGR of 8.44% from 2024 to 2031. This upward trajectory reflects the industry’s commitment to achieving sustainability, improving vehicle performance, and reducing carbon footprints through next-generation powertrain systems.
The powertrain, comprising the engine, transmission, driveshaft, and differential, plays a critical role in converting energy into mechanical power to drive vehicles. Over the past decade, the Automotive Powertrain Market has evolved significantly, especially with the integration of electrified systems like hybrid and fully electric drivetrains. The global push toward cleaner energy sources and zero-emission vehicles has encouraged OEMs and Tier-1 suppliers to invest heavily in developing powertrains that not only enhance fuel efficiency but also align with stringent regulatory frameworks.
218 shubham sector 16 faridabad haryana
$121,002.00 (Negotiable)
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