The powertrain market is expected to show a significant Compound Annual Growth Rate (CAGR) of 5.10% by the year 2028. The market analysis conducted by Data Bridge Market Research projects this growth for the forecast period.
In the automotive industry, the powertrain plays a crucial role in transmitting drive from the engine to the rear and front axles of a vehicle. This system includes components such as drive shafts and drivetrains that facilitate the transfer of power from the engine to the axle, enabling the vehicle to move. Powertrains are known for their benefits such as fuel efficiency, environmental friendliness, and durability. Manufacturers must consider various factors when producing powertrain components.
Some key players in the powertrain market include Continental AG, DENSO CORPORATION, General Motors, Delphi Technologies, Hyundai Motor Company, and more. These companies operate globally and domestically, contributing to the market share in regions like North America, Europe, Asia-Pacific, Middle East and Africa, and South America. The competitive landscape of the powertrain market involves company overviews, financials, market potential, research and development investments, and product launches.
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