Automotive Drivetrain Components Market
is expected to grow at significant rate in the forthcoming years. Drivetrain
components are a cluster of components that enables power to the driving
wheels. Primary function of automotive drivetrain components comprises coupling
the engine to produce the power to driving wheels that uses the mechanical
power. Conceptually, the drive train serves two functions, one, it transmits
power from engine to wheel and second it differences the amount of torque.
Commercially, the market for automotive drivetrain components market is gaining
a positive traction owing to demand for automatic vehicles.
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Driving factors responsible
for the growth of automotive drivetrain components industry mainly attributes
to the growth in comfort and safety in vehicles. Also, the rise in vehicle
production is another major driver for the growth of automotive drivetrain components
market. The market for front wheel drive vehicles is expected to gain a
positive traction in forthcoming years.
Based on segmentation by drive
type, automotive drivetrain components market includes Front Wheel (FWD), Rear
Wheel Drive (RWD), 4 Wheel Drive (4WD), All Wheel Drive (AWD). Based on
segmentation by location of engine, automotive drivetrain components industry
includes front engine and rear engine. Based on segmentation by transmission,
automotive drivetrain components market includes automatic transmission and
manual transmission.
Geographically, automotive
drivetrain components industry spans North America, Latin America, Europe,
Asia-Pacific, Middle-East and Africa. APAC market dominates the market growth
in the estimated period and also it is expected to continue its dominance in
the forthcoming years. Europe and North America market is also expected to grow
at a significant CAGR in the forthcoming years owing to rise in sales of
automotive and automotive components. MEA regions are also expected to grow at
a higher CAGR in the forthcoming years.
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