Automotive Drivetrain Market 2019-2023 | Surging Demand for Automobiles to Boost
Posted by sarahbennu on February 25th, 2020
The automotive drivetrain market and it is poised to grow by USD 45.36 billion during 2019-2023, progressing at a CAGR of 3% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.Surging demand for automobiles has been instrumental in driving the growth of the market. However, improper balancing of propeller shafts might hamper market growth.
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Automotive Drivetrain Market 2019-2023: Segmentation
Automotive Drivetrain Market is segmented as below:
• North America
• South America
Automotive Drivetrain Market 2019-2023: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our automotive drivetrain market report covers the following areas:
• Automotive Drivetrain Market Size
• Automotive Drivetrain Market Trends
• Automotive Drivetrain Market Industry Analysis
This study identifies use of carbon fiber for making drivetrain components as one of the prime reasons driving the automotive drivetrain market growth during the next few years.
Automotive Drivetrain Market 2019-2023: Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the automotive drivetrain market, including some of the vendors such as American Axle & Manufacturing, BorgWarner, GKN (Melrose Industries), Magna International and ZF Friedrichshafen. Backed with competitive intelligence and benchmarking, our research reports on the automotive drivetrain market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
Automotive Drivetrain Market 2019-2023: Key Highlights
• CAGR of the market during the forecast period 2019-2023
• Detailed information on factors that will assist automotive drivetrain market growth during the next five years
• Estimation of the automotive drivetrain market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the automotive drivetrain market
• Analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of automotive drivetrain market vendors