Alternative Powertrain Market

Alternative Powertrain Market (Powertrain: Battery Electric Vehicle Powertrain and Hybrid Powertrain; and Component: Battery, Motor/Generator, Battery Management System [BMS], and On-board Charger) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2022-2031

Alternative Powertrain Market Outlook 2031

  • The industry was valued at US$ 99.0 Bn in 2021
  • It is estimated to advance at a CAGR of 17.3% from 2022 to 2031 and reach US$ 567.7 Bn by the end of 2031

Analysts’ Viewpoint

Alternative powertrains are built to minimize the usage of IC engine vehicles in order to reduce carbon emissions. Electric powertrains are being increasingly adopted, as they help lower the dependence on fossil fuels or non-renewable energy sources. Increase in demand for highly efficient powertrain assembly, which does not get affected in different road terrains, is fueling market statistics. Rise in demand for fuel-efficient vehicles with higher safety features is another key factor driving market growth.

Prominent vehicle companies in the global alternative powertrain industry, such as Toyota, Volkswagen, BYD, BAIC Group, TATA Motors, Tesla, and General Motors, are focusing on the development of innovative, technologically advanced, durable, and cost-efficient electric powertrains in order to grab lucrative alternative powertrain business opportunities.

Alternative Powertrain Market

Market Introduction

Powertrain is a group of parts assembled to produce the energy needed to propel a vehicle. Electric powertrains are gaining popularity, due to the increase in demand for fuel-efficient vehicles across the globe. Demand for improvement in performance, comfort, and safety in vehicles is rising. Manufacturers are increasingly focusing on developing innovative powertrains to grab incremental opportunities. In addition to the engine and transmission system, powertrain includes other parts such as drive shaft, clutch or torque converter, and axles.

Powertrains are often used in battery electric vehicles (BEV), which run entirely on electricity. They are also employed in plug-in hybrid electric vehicles (PHEVs) and hybrid electric vehicles (HEVs). The global alternative powertrain market share is projected to increase significantly during the forecast period, owing to the growth in automobile sector and rapid adoption of zero-emission vehicles across the globe.

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Surge in Adoption of Electric Vehicles Across Globe

The popularity of electric vehicles (EVs) is rising significantly across the world. Increase in penetration of advanced technologies in automobiles is encouraging customers to opt for zero-emission vehicles. Furthermore, depletion of non-renewable energy resources and rise in concerns about carbon emissions have prompted several governments invest in electric vehicles.

Countries in Europe are among the early adopters of electric transportation. In Europe, battery electric vehicles (BEVs) accounted for 6.0% of all new car registrations in 2020, while plug-in hybrid electric vehicles (PHEVs) constituted 5.0% of the total number of newly registered passenger cars. This represents a sharp increase in usage of electric vehicles in countries in Europe. Additionally, favorable regulatory environment, including subsidies and tax exemptions, in Asia Pacific and Europe is augmenting the sale of electric vehicles.

Key manufacturers are expanding their production capabilities to meet the rising demand for electric vehicles. For instance, in 2020, Volvo Motors declared that it will produce just hybrid and electric vehicles. Thus, rise in adoption of electric vehicles across the globe is likely to augment alternative powertrain market development during the forecast period.

Increase in Trend of Engine Downsizing

Engine developers are coming up with improved strategies, such as downsizing the engine, in order to increase the fuel efficiency of internal combustion engines. Energy downsizing is the usage of a smaller engine that offers the power of a larger engine through the adoption of advanced technology.

In September 2021, Hitachi Astemo Ltd. and Hitachi Ltd. jointly announced the creation of a small, light, direct-drive assembly system for the EV market. The complete apparatus was installed inside the wheel by combining the motor, brake, and inverter into a single unit. As a result, motor power is delivered directly for electric vehicle operation, thus decreasing the loss of energy by eliminating drive shafts and other intermediary systems. Thus, rise in trend of engine downsizing is likely to boost alternative powertrain industry growth during the forecast period.

Rise in Adoption of Battery Electric Vehicle Powertrain

Based on powertrain, the alternative powertrain market has been classified into battery electric vehicle powertrain and hybrid powertrain. The battery electric vehicle powertrain segment accounted for major share of 70.4% in 2021.

BEVs use electric energy that has been stored. They have a relatively high level of efficiency compared to hybrid and internal combustion cars. Transmission system, motor, battery pack, and power converters are the primary powertrain components of a BEV. The regenerative braking feature is also gaining popularity in BEVs. This is projected to bolster alternative powertrain market development during the forecast period.

Growth in Demand for Batteries to Generate Electricity in EVs

Based on component, the industry has been segmented into battery, motor/generator, battery management system (BMS), and on-board charger. In terms of volume and revenue, the battery segment dominated the alternative powertrain market in 2021. It is anticipated to maintain its dominance throughout the forecast period.

Battery is a powerhouse or power source of an electric vehicle. In contrast to conventional vehicles, EVs completely rely on batteries to generate electricity. Therefore, batteries are regarded as the core of the EV technology. Researchers have developed a number of battery technologies that quickly replace the conventional means of powering automobiles. These include lithium-ion, lead-acid, nickel-cadmium, lithium-ion polymer, and sodium-nickel chloride batteries.

Regional Outlook of Global Alternative Powertrain Business

Asia Pacific dominated the global alternative powertrain market in 2021, owing to growth in the automobile sector in countries such as China, India, Japan, Singapore, and South Korea. Technological advancements in vehicles and rise in number of vehicle manufacturers are key factors augmenting market progress in Asia Pacific.

Asia Pacific is followed by Europe in terms of revenue and volume. Lucrative presence of prominent vehicle manufacturers such as Volkswagen Group, BMW Group, and Mercedes-Benz Group AG is contributing to market growth in the region. These players are investing significantly in research and development of alternative powertrains to minimize the dependence on fossil fuels.

Analysis of Key Players in Global Alternative Powertrain Market

The global business is consolidated, with just a few manufacturers accounting for majority of the share. Prominent companies are adopting innovative technologies to gain revenue benefits. Expansion of product portfolios, partnerships, and acquisitions are some of the key strategies adopted by leading players.

Toyota, Volkswagen, Daimler, Ford Motor, Honda, General Motors, BMW, Hyundai, BYD, BAIC Group, GAC Group, Kia, Geely, Volvo, TATA Motors, and Tesla are some of the major players operating in the global alternative powertrain market.

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Key Developments

  • In October 2022, Toyota announced its “Lexus Electrified” plan. Toyota-Lexus' first BEV model with UX 300e, a core part of the UX family, joined the new UX 200/250h announced earlier in the year, with deliveries poised to commence in spring 2023. The newly developed battery pack has been enhanced with an extended cruising range of over 40% to 450 km.
  • In October 2022, Honda presented the Prologue, an electric SUV developed in partnership with General Motors. Prologue is based on GM's Ultium platform, which is also used by other electric SUVs such as GMC Hummer, Cadillac Lyriq, and Chevrolet Blazer. Honda plans to introduce 30 electric vehicles worldwide by 2030, as part of its aggressive electrification agenda.

Key players have been profiled in the alternative powertrain market research report based on pointers such as company overview, business strategies, financial overview, product portfolio, business segments, and recent developments.

Market Snapshot

Attribute

Detail

Market Size Value in 2021

US$ 99.0 Bn

Market Forecast Value in 2031

US$ 567.7 Bn

Growth Rate

(CAGR)

17.3%

Forecast Period

2022–2031

Historical Data Available for

2017–2021

Quantitative Units

US$ Bn for Value and Thousand Units for Volume

Market Analysis

It includes cross segment analysis at global as well as regional level. Furthermore, qualitative analysis includes drivers, restraints, opportunities, key trends, Porter’s Five Forces analysis, value chain analysis, and key trend analysis.

Competition Landscape

  • Market share analysis by company (2021)
  • Company profiles section includes overview, product portfolio, sales footprint, key subsidiaries or distributors, strategy & recent developments, and key financials

Format

Electronic (PDF) + Excel

Market Segmentation

  • By Powertrain
    • Battery Electric Vehicle Powertrain
    • Hybrid Powertrain
  • By Component
    • Battery
    • Motor/Generator
    • Battery Management System (BMS)
    • On-board Charger

Regions Covered

  • North America
  • Europe
  • Asia Pacific

Countries Covered

  • U.S.
  • Canada
  • Mexico
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Hungary
  • Poland
  • China
  • India
  • ASEAN

Companies Profile

  • Toyota
  • Volkswagen
  • Daimler
  • Ford Motor
  • Honda
  • General Motors
  • BMW
  • Hyundai
  • Renault-Nissan-Mitsubishi
  • BYD
  • BAIC Group
  • GAC Group
  • Kia
  • Geely
  • Volvo
  • TATA Motors
  • Tesla

Customization Scope

Available upon request

Pricing

Available upon request

Frequently Asked Questions

How big was the global alternative powertrain market in 2021?

It was valued at US$ 99.0 Bn in 2021

How is the industry expected to grow during 2022-2031?

It is expected to advance at a CAGR of 17.3% during the forecast period

How much worth would it be in 2031?

It would be worth US$ 567.7 Bn in 2031

Which region was more lucrative in 2021?

Asia Pacific was the most lucrative region that held 54.4% share in 2021

What was the share of the battery electric vehicle powertrain segment in 2021?

The battery electric vehicle powertrain segment held 70.4% share in 2021

What are the key market drivers?

Rapid adoption of zero-emission vehicles across globe and growth in automobile industry

Who are the prominent players in the business?

Toyota, Volkswagen, Daimler, Ford Motor, Honda, General Motors, BMW, Hyundai, BYD, BAIC Group, GAC Group, Kia, Geely, Volvo, TATA Motors, and Tesla

    1. Preface

        1.1. About TMR

        1.2. Market Coverage / Taxonomy

        1.3. Assumptions and Research Methodology

    2. Executive Summary

        2.1. Market Outlook

            2.1.1. Market Size, Euro Mn, 2017-2031

        2.2. Demand & Supply Side Trends

        2.3. TMR Analysis and Recommendations

        2.4. Competitive Dashboard Analysis

    3. Market Overview

        3.1. Macro-Economic Factors

        3.2. Market Dynamics

            3.2.1. Drivers

            3.2.2. Restraints

            3.2.3. Opportunity

        3.3. Market Factor Analysis

            3.3.1. Porter’s Five Force Analysis

            3.3.2. SWOT Analysis

        3.4. Key Trend Analysis

    4. Regulatory Scenario

        4.1. National/ Country Legislation

        4.2. Norms and Subsidies by Government for electric vehicles

    5. Supply Chain Analysis

        5.1. Key Component Suppliers/ producers by Country

            5.1.1. Key Decision Maker for each key player for each of the component

                5.1.1.1. Battery

                5.1.1.2. Motor/ Generator

                5.1.1.3. Battery Management System (BMS)

                5.1.1.4. On-board Charger

        5.2. Electric Vehicle Players, by Country (Top 10 EV players for each vehicle type and each country mentioned)

        5.3. Supply Chain Constraints

    6. Battery Analysis for Electric Powertrain, by Country

        6.1. Battery Cell à Battery Module à Battery Pack

        6.2. Battery Cell

            6.2.1. Prismatic or Cylindrical

            6.2.2. Dimensions and Weight

        6.3. Battery Module

            6.3.1. Series and/ or Parallel

            6.3.2. Number of Cells

        6.4. Supply Chain Analysis

            6.4.1. Battery Cells/ Battery Modules/ Recycling

                6.4.1.1. Key Players for Cells and Modules

    7. Actual packaging needs & spend (corrugated and other materials), by Country

    8. Packaging manufacturers active in this area (offering packaging for this segment) 

        8.1. Specific packaging solution offering

    9. Global Alternative Powertrain Market, by Powertrain

        9.1. Market Snapshot

            9.1.1. Introduction, Definition, and Key Findings

            9.1.2. Market Growth & Y-o-Y Projections

            9.1.3. Base Point Share Analysis

        9.2. Global Alternative Powertrain Market Revenue (Euro Mn) Analysis & Forecast, 2017-2031, By Powertrain

            9.2.1. Battery Electric Vehicle Powertrain

            9.2.2. Hybrid Powertrain

    10. Global Alternative Powertrain Market, by Components 

        10.1. Market Snapshot

            10.1.1. Introduction, Definition, and Key Findings

            10.1.2. Market Growth & Y-o-Y Projections

            10.1.3. Base Point Share Analysis

        10.2. Global Alternative Powertrain Market Revenue (Euro Mn) Analysis & Forecast, 2017-2031, By Components

            10.2.1. Battery

            10.2.2. Motor/ Generator

            10.2.3. Battery Management System (BMS)

            10.2.4. On-board Charger

    11. Global Alternative Powertrain Market, by Region

        11.1. Market Snapshot

            11.1.1. Introduction, Definition, and Key Findings

            11.1.2. Market Growth & Y-o-Y Projections

            11.1.3. Base Point Share Analysis

        11.2. Global Alternative Powertrain Market Revenue (Euro Mn) Analysis & Forecast, 2017-2031, By Region

            11.2.1. North America

            11.2.2. Europe

            11.2.3. Asia Pacific

            11.2.4. Middle East & Africa

            11.2.5. South America

    12. North America Alternative Powertrain Market

        12.1. Market Snapshot

        12.2. Alternative Powertrain Market Revenue (Euro Mn) Analysis & Forecast, 2017-2031, By Powertrain

            12.2.1. Battery Electric Vehicle Powertrain

            12.2.2. Hybrid Powertrain

        12.3. Alternative Powertrain Market Revenue (Euro Mn) Analysis & Forecast, 2017-2031, By Components

            12.3.1. Battery

            12.3.2. Motor/ Generator

            12.3.3. Battery Management System (BMS)

            12.3.4. On-board Charger

        12.4. Key Country Analysis – North America Alternative Powertrain Market Revenue (Euro Mn) Analysis & Forecast, 2017-2031

            12.4.1. The U. S. 

            12.4.2. Canada 

            12.4.3. Mexico

    13. Europe Alternative Powertrain Market

        13.1. Market Snapshot

        13.2. Alternative Powertrain Market Revenue (Euro Mn) Analysis & Forecast, 2017-2031, By Powertrain

            13.2.1. Battery Electric Vehicle Powertrain

            13.2.2. Hybrid Powertrain

        13.3. Alternative Powertrain Market Revenue (Euro Mn) Analysis & Forecast, 2017-2031, By Components

            13.3.1. Battery

            13.3.2. Motor/ Generator

            13.3.3. Battery Management System (BMS)

            13.3.4. On-board Charger

        13.4. Key Country Analysis – Europe Alternative Powertrain Market Revenue (Euro Mn) Analysis & Forecast, 2017-2031

            13.4.1. Germany

            13.4.2. U. K.

            13.4.3. France

            13.4.4. Italy

            13.4.5. Spain

            13.4.6. Hungary

            13.4.7. Poland

            13.4.8. Rest of Europe

    14. Asia Pacific Alternative Powertrain Market

        14.1. Market Snapshot

        14.2. Alternative Powertrain Market Revenue (Euro Mn) Analysis & Forecast, 2017-2031, By Powertrain

            14.2.1. Battery Electric Vehicle Powertrain

            14.2.2. Hybrid Powertrain

        14.3. Alternative Powertrain Market Revenue (Euro Mn) Analysis & Forecast, 2017-2031, By Components

            14.3.1. Battery

            14.3.2. Motor/ Generator

            14.3.3. Battery Management System (BMS)

            14.3.4. On-board Charger

        14.4. Key Country Analysis – Asia Pacific Alternative Powertrain Market Revenue (Euro Mn) Analysis & Forecast, 2017-2031

            14.4.1. China 

            14.4.2. India 

            14.4.3. ASEAN Countries 

            14.4.4. Rest of Asia Pacific

    15. Middle East & Africa Alternative Powertrain Market

        15.1. Market Snapshot

        15.2. Alternative Powertrain Market Revenue (Euro Mn) Analysis & Forecast, 2017-2031, By Powertrain

            15.2.1. Battery Electric Vehicle Powertrain

            15.2.2. Hybrid Powertrain

        15.3. Alternative Powertrain Market Revenue (Euro Mn) Analysis & Forecast, 2017-2031, By Components

            15.3.1. Battery

            15.3.2. Motor/ Generator

            15.3.3. Battery Management System (BMS)

            15.3.4. On-board Charger

        15.4. Key Country Analysis – Middle East & Africa Alternative Powertrain Market Revenue (Euro Mn) Analysis & Forecast, 2017-2031

            15.4.1. GCC

            15.4.2. South Africa

            15.4.3. Turkey

            15.4.4. Rest of Middle East & Africa

    16. South America Alternative Powertrain Market

        16.1. Market Snapshot

        16.2. Alternative Powertrain Market Revenue (Euro Mn) Analysis & Forecast, 2017-2031, By Powertrain

            16.2.1. Battery Electric Vehicle Powertrain

            16.2.2. Hybrid Powertrain

        16.3. Alternative Powertrain Market Revenue (Euro Mn) Analysis & Forecast, 2017-2031, By Components

            16.3.1. Battery

            16.3.2. Motor/ Generator

            16.3.3. Battery Management System (BMS)

            16.3.4. On-board Charger

        16.4. Key Country Analysis – South America Alternative Powertrain Market Revenue (Euro Mn) Analysis & Forecast, 2017-2031

            16.4.1. Brazil

            16.4.2. Argentina

            16.4.3. Rest of South America

    17. Competitive Landscape

        17.1. Company Share Analysis/ Brand Share Analysis, 2021

        17.2. Company Analysis for each player (Company Overview, Company Footprints, Production Locations, Product Portfolio, Competitors & Customers, Subsidiaries & Parent Organization, Recent Developments, Financial Analysis, Profitability, Revenue Share, Executive Bios)

        17.3. Company Profile, by Components

            17.3.1. Battery

            17.3.2. Motor/ Generator

            17.3.3. Battery Management System (BMS)

            17.3.4. On-board Charger

      **Companies covering more than 75% market share for each component would be covered in the research report

        17.4. Company Profile - OEMs

      **OEMs covering more than 75% market share for alternative powertrain would be covered in the research report

        17.5. Tentative list of Key Players – Components/ System

            17.5.1. Duracell Inc.

                17.5.1.1. Company Overview

                17.5.1.2. Company Footprints

                17.5.1.3. Production Locations

                17.5.1.4. Product Portfolio

                17.5.1.5. Competitors & Customers

                17.5.1.6. Subsidiaries & Parent Organization

                17.5.1.7. Recent Developments

                17.5.1.8. Financial Analysis

                17.5.1.9. Profitability

                17.5.1.10. Revenue Share

                17.5.1.11. Executive Bios

            17.5.2. Energizer Brands, LLC

                17.5.2.1. Company Overview

                17.5.2.2. Company Footprints

                17.5.2.3. Production Locations

                17.5.2.4. Product Portfolio

                17.5.2.5. Competitors & Customers

                17.5.2.6. Subsidiaries & Parent Organization

                17.5.2.7. Recent Developments

                17.5.2.8. Financial Analysis

                17.5.2.9. Profitability

                17.5.2.10. Revenue Share

                17.5.2.11. Executive Bios

            17.5.3. Samsung SDI Co. Ltd.

                17.5.3.1. Company Overview

                17.5.3.2. Company Footprints

                17.5.3.3. Production Locations

                17.5.3.4. Product Portfolio

                17.5.3.5. Competitors & Customers

                17.5.3.6. Subsidiaries & Parent Organization

                17.5.3.7. Recent Developments

                17.5.3.8. Financial Analysis

                17.5.3.9. Profitability

                17.5.3.10. Revenue Share

                17.5.3.11. Executive Bios

            17.5.4. Toshiba Corporation

                17.5.4.1. Company Overview

                17.5.4.2. Company Footprints

                17.5.4.3. Production Locations

                17.5.4.4. Product Portfolio

                17.5.4.5. Competitors & Customers

                17.5.4.6. Subsidiaries & Parent Organization

                17.5.4.7. Recent Developments

                17.5.4.8. Financial Analysis

                17.5.4.9. Profitability

                17.5.4.10. Revenue Share

                17.5.4.11. Executive Bios

            17.5.5. Contemporary Amperex Technology Co., Limited

                17.5.5.1. Company Overview

                17.5.5.2. Company Footprints

                17.5.5.3. Production Locations

                17.5.5.4. Product Portfolio

                17.5.5.5. Competitors & Customers

                17.5.5.6. Subsidiaries & Parent Organization

                17.5.5.7. Recent Developments

                17.5.5.8. Financial Analysis

                17.5.5.9. Profitability

                17.5.5.10. Revenue Share

                17.5.5.11. Executive Bios

            17.5.6. Hitachi Chemical Co. Ltd.

                17.5.6.1. Company Overview

                17.5.6.2. Company Footprints

                17.5.6.3. Production Locations

                17.5.6.4. Product Portfolio

                17.5.6.5. Competitors & Customers

                17.5.6.6. Subsidiaries & Parent Organization

                17.5.6.7. Recent Developments

                17.5.6.8. Financial Analysis

                17.5.6.9. Profitability

                17.5.6.10. Revenue Share

                17.5.6.11. Executive Bios

            17.5.7. Automotive Energy Supply Corporation

                17.5.7.1. Company Overview

                17.5.7.2. Company Footprints

                17.5.7.3. Production Locations

                17.5.7.4. Product Portfolio

                17.5.7.5. Competitors & Customers

                17.5.7.6. Subsidiaries & Parent Organization

                17.5.7.7. Recent Developments

                17.5.7.8. Financial Analysis

                17.5.7.9. Profitability

                17.5.7.10. Revenue Share

                17.5.7.11. Executive Bios

            17.5.8. GS Yuasa International Ltd.

                17.5.8.1. Company Overview

                17.5.8.2. Company Footprints

                17.5.8.3. Production Locations

                17.5.8.4. Product Portfolio

                17.5.8.5. Competitors & Customers

                17.5.8.6. Subsidiaries & Parent Organization

                17.5.8.7. Recent Developments

                17.5.8.8. Financial Analysis

                17.5.8.9. Profitability

                17.5.8.10. Revenue Share

                17.5.8.11. Executive Bios

            17.5.9. Johnson Controls Inc.

                17.5.9.1. Company Overview

                17.5.9.2. Company Footprints

                17.5.9.3. Production Locations

                17.5.9.4. Product Portfolio

                17.5.9.5. Competitors & Customers

                17.5.9.6. Subsidiaries & Parent Organization

                17.5.9.7. Recent Developments

                17.5.9.8. Financial Analysis

                17.5.9.9. Profitability

                17.5.9.10. Revenue Share

                17.5.9.11. Executive Bios

            17.5.10. Future Hi-Tech Batteries Limited

                17.5.10.1. Company Overview

                17.5.10.2. Company Footprints

                17.5.10.3. Production Locations

                17.5.10.4. Product Portfolio

                17.5.10.5. Competitors & Customers

                17.5.10.6. Subsidiaries & Parent Organization

                17.5.10.7. Recent Developments

                17.5.10.8. Financial Analysis

                17.5.10.9. Profitability

                17.5.10.10. Revenue Share

                17.5.10.11. Executive Bios

            17.5.11. Tianjin Lishen Battery Co. Ltd.

                17.5.11.1. Company Overview

                17.5.11.2. Company Footprints

                17.5.11.3. Production Locations

                17.5.11.4. Product Portfolio

                17.5.11.5. Competitors & Customers

                17.5.11.6. Subsidiaries & Parent Organization

                17.5.11.7. Recent Developments

                17.5.11.8. Financial Analysis

                17.5.11.9. Profitability

                17.5.11.10. Revenue Share

                17.5.11.11. Executive Bios

            17.5.12. Hunan Shanshan Toda Advanced Materials Co. Ltd.

                17.5.12.1. Company Overview

                17.5.12.2. Company Footprints

                17.5.12.3. Production Locations

                17.5.12.4. Product Portfolio

                17.5.12.5. Competitors & Customers

                17.5.12.6. Subsidiaries & Parent Organization

                17.5.12.7. Recent Developments

                17.5.12.8. Financial Analysis

                17.5.12.9. Profitability

                17.5.12.10. Revenue Share

                17.5.12.11. Executive Bios

            17.5.13. Panasonic Corporation

                17.5.13.1. Company Overview

                17.5.13.2. Company Footprints

                17.5.13.3. Production Locations

                17.5.13.4. Product Portfolio

                17.5.13.5. Competitors & Customers

                17.5.13.6. Subsidiaries & Parent Organization

                17.5.13.7. Recent Developments

                17.5.13.8. Financial Analysis

                17.5.13.9. Profitability

                17.5.13.10. Revenue Share

                17.5.13.11. Executive Bios

            17.5.14. Other Key Players

      **This is not exhaustive list and we have provided few of players, while doing research report, we cover more number of key players

        17.6. Tentative list of OEMs – Alternative Powertrain

            17.6.1. Toyota

            17.6.2. Volkswagen

            17.6.3. Daimler

            17.6.4. Ford Motor

            17.6.5. Honda

            17.6.6. General Motors

            17.6.7. BMW

            17.6.8. Hyundai

            17.6.9. Renault-Nissan-Mitsubishi

            17.6.10. BYD

            17.6.11. BAIC Group

            17.6.12. GAC Group

            17.6.13. Kia

            17.6.14. Geely

            17.6.15. Volvo

            17.6.16. TATA Motors

            17.6.17. Tesla

            17.6.18. Other Key Players

    List of Tables

    Table 1: Global Alternative Powertrain Market Volume (Thousand Units) Forecast, by Powertrain, 2017‒2031

    Table 2: Global Alternative Powertrain Market Value (US$ Bn) Forecast, by Powertrain, 2017‒2031

    Table 3: Global Alternative Powertrain Market Volume (Thousand Units) Forecast, by Component, 2017‒2031

    Table 4: Global Alternative Powertrain Market Value (US$ Bn) Forecast, by Component, 2017‒2031

    Table 5: Global Alternative Powertrain Market Volume (Thousand Units) Forecast, by Region, 2017‒2031

    Table 6: Global Alternative Powertrain Market Value (US$ Bn) Forecast, by Region, 2017‒2031

    Table 7: North America Alternative Powertrain Market Volume (Thousand Units) Forecast, by Powertrain, 2017‒2031

    Table 8: North America Alternative Powertrain Market Value (US$ Bn) Forecast, by Powertrain, 2017‒2031

    Table 9: North America Alternative Powertrain Market Volume (Thousand Units) Forecast, by Component, 2017‒2031

    Table 10: North America Alternative Powertrain Market Value (US$ Bn) Forecast, by Component, 2017‒2031

    Table 11: North America Alternative Powertrain Market Volume (Thousand Units) Forecast, by Country, 2017‒2031

    Table 12: North America Alternative Powertrain Market Value (US$ Bn) Forecast, by Country, 2017‒2031

    Table 13: Europe Alternative Powertrain Market Volume (Thousand Units) Forecast, by Powertrain, 2017‒2031

    Table 14: Europe Alternative Powertrain Market Value (US$ Bn) Forecast, by Powertrain, 2017‒2031

    Table 15: Europe Alternative Powertrain Market Volume (Thousand Units) Forecast, by Component, 2017‒2031

    Table 16: Europe Alternative Powertrain Market Value (US$ Bn) Forecast, by Component, 2017‒2031

    Table 17: Europe Alternative Powertrain Market Volume (Thousand Units) Forecast, by Country, 2017‒2031

    Table 18: Europe Alternative Powertrain Market Value (US$ Bn) Forecast, by Country, 2017‒2031

    Table 19: Asia Pacific Alternative Powertrain Market Volume (Thousand Units) Forecast, by Powertrain, 2017‒2031

    Table 20: Asia Pacific Alternative Powertrain Market Value (US$ Bn) Forecast, by Powertrain, 2017‒2031

    Table 21: Asia Pacific Alternative Powertrain Market Volume (Thousand Units) Forecast, by Component, 2017‒2031

    Table 22: Asia Pacific Alternative Powertrain Market Value (US$ Bn) Forecast, by Component, 2017‒2031

    Table 23: Asia Pacific Alternative Powertrain Market Volume (Thousand Units) Forecast, by Country, 2017‒2031

    Table 24: Asia Pacific Alternative Powertrain Market Value (US$ Bn) Forecast, by Country, 2017‒2031

    Table 25: Middle East & Africa Alternative Powertrain Market Volume (Thousand Units) Forecast, by Powertrain, 2017‒2031

    Table 26: Middle East & Africa Alternative Powertrain Market Value (US$ Bn) Forecast, by Powertrain, 2017‒2031

    Table 27: Middle East & Africa Alternative Powertrain Market Volume (Thousand Units) Forecast, by Component, 2017‒2031

    Table 28: Middle East & Africa Alternative Powertrain Market Value (US$ Bn) Forecast, by Component, 2017‒2031

    Table 29: Middle East & Africa Alternative Powertrain Market Volume (Thousand Units) Forecast, by Country, 2017‒2031

    Table 30: Middle East & Africa Alternative Powertrain Market Value (US$ Bn) Forecast, by Country, 2017‒2031

    Table 31: South America Alternative Powertrain Market Volume (Thousand Units) Forecast, by Powertrain, 2017‒2031

    Table 32: South America Alternative Powertrain Market Value (US$ Bn) Forecast, by Powertrain, 2017‒2031

    Table 33: South America Alternative Powertrain Market Volume (Thousand Units) Forecast, by Component, 2017‒2031

    Table 34: South America Alternative Powertrain Market Value (US$ Bn) Forecast, by Component, 2017‒2031

    Table 35: South America Alternative Powertrain Market Volume (Thousand Units) Forecast, by Country, 2017‒2031

    Table 36: South America Alternative Powertrain Market Value (US$ Bn) Forecast, by Country, 2017‒2031

    List of Figures

    Figure 1: Global Alternative Powertrain Market Volume (Thousand Units) Forecast, by Powertrain, 2017‒2031

    Figure 2: Global Alternative Powertrain Market Value (US$ Bn) Forecast, by Powertrain, 2017‒2031

    Figure 3: Global Alternative Powertrain Market, Incremental Opportunity, by Powertrain, Value (US$ Bn), 2022‒2031

    Figure 4: Global Alternative Powertrain Market Volume (Thousand Units) Forecast, by Component, 2017‒2031

    Figure 5: Global Alternative Powertrain Market Value (US$ Bn) Forecast, by Component, 2017‒2031

    Figure 6: Global Alternative Powertrain Market, Incremental Opportunity, by Component, Value (US$ Bn), 2022‒2031

    Figure 7: Global Alternative Powertrain Market Volume (Thousand Units) Forecast, by Region, 2017‒2031

    Figure 8: Global Alternative Powertrain Market Value (US$ Bn) Forecast, by Region, 2017‒2031

    Figure 9: Global Alternative Powertrain Market, Incremental Opportunity, by Region, Value (US$ Bn), 2022‒2031

    Figure 10: North America Alternative Powertrain Market Volume (Thousand Units) Forecast, by Powertrain, 2017‒2031

    Figure 11: North America Alternative Powertrain Market Value (US$ Bn) Forecast, by Powertrain, 2017‒2031

    Figure 12: North America Alternative Powertrain Market, Incremental Opportunity, by Powertrain, Value (US$ Bn), 2022‒2031

    Figure 13: North America Alternative Powertrain Market Volume (Thousand Units) Forecast, by Component, 2017‒2031

    Figure 14: North America Alternative Powertrain Market Value (US$ Bn) Forecast, by Component, 2017‒2031

    Figure 15: North America Alternative Powertrain Market, Incremental Opportunity, by Component, Value (US$ Bn), 2022‒2031

    Figure 16: North America Alternative Powertrain Market Volume (Thousand Units) Forecast, by Country, 2017‒2031

    Figure 17: North America Alternative Powertrain Market Value (US$ Bn) Forecast, by Country, 2017‒2031

    Figure 18: North America Alternative Powertrain Market, Incremental Opportunity, by Country, Value (US$ Bn), 2022‒2031

    Figure 19: Europe Alternative Powertrain Market Volume (Thousand Units) Forecast, by Powertrain, 2017‒2031

    Figure 20: Europe Alternative Powertrain Market Value (US$ Bn) Forecast, by Powertrain, 2017‒2031

    Figure 21: Europe Alternative Powertrain Market, Incremental Opportunity, by Powertrain, Value (US$ Bn), 2022‒2031

    Figure 22: Europe Alternative Powertrain Market Volume (Thousand Units) Forecast, by Component, 2017‒2031

    Figure 23: Europe Alternative Powertrain Market Value (US$ Bn) Forecast, by Component, 2017‒2031

    Figure 24: Europe Alternative Powertrain Market, Incremental Opportunity, by Component, Value (US$ Bn), 2022‒2031

    Figure 25: Europe Alternative Powertrain Market Volume (Thousand Units) Forecast, by Country, 2017‒2031

    Figure 26: Europe Alternative Powertrain Market Value (US$ Bn) Forecast, by Country, 2017‒2031

    Figure 27: Europe Alternative Powertrain Market, Incremental Opportunity, by Country, Value (US$ Bn), 2022‒2031

    Figure 28: Asia Pacific Alternative Powertrain Market Volume (Thousand Units) Forecast, by Powertrain, 2017‒2031

    Figure 29: Asia Pacific Alternative Powertrain Market Value (US$ Bn) Forecast, by Powertrain, 2017‒2031

    Figure 30: Asia Pacific Alternative Powertrain Market, Incremental Opportunity, by Powertrain, Value (US$ Bn), 2022‒2031

    Figure 31: Asia Pacific Alternative Powertrain Market Volume (Thousand Units) Forecast, by Component, 2017‒2031

    Figure 32: Asia Pacific Alternative Powertrain Market Value (US$ Bn) Forecast, by Component, 2017‒2031

    Figure 33: Asia Pacific Alternative Powertrain Market, Incremental Opportunity, by Component, Value (US$ Bn), 2022‒2031

    Figure 34: Asia Pacific Alternative Powertrain Market Volume (Thousand Units) Forecast, by Country, 2017‒2031

    Figure 35: Asia Pacific Alternative Powertrain Market Value (US$ Bn) Forecast, by Country, 2017‒2031

    Figure 36: Asia Pacific Alternative Powertrain Market, Incremental Opportunity, by Country, Value (US$ Bn), 2022‒2031

    Figure 37: Middle East & Africa Alternative Powertrain Market Volume (Thousand Units) Forecast, by Powertrain, 2017‒2031

    Figure 38: Middle East & Africa Alternative Powertrain Market Value (US$ Bn) Forecast, by Powertrain, 2017‒2031

    Figure 39: Middle East & Africa Alternative Powertrain Market, Incremental Opportunity, by Powertrain, Value (US$ Bn), 2022‒2031

    Figure 40: Middle East & Africa Alternative Powertrain Market Volume (Thousand Units) Forecast, by Component, 2017‒2031

    Figure 41: Middle East & Africa Alternative Powertrain Market Value (US$ Bn) Forecast, by Component, 2017‒2031

    Figure 42: Middle East & Africa Alternative Powertrain Market, Incremental Opportunity, by Component, Value (US$ Bn), 2022‒2031

    Figure 43: Middle East & Africa Alternative Powertrain Market Volume (Thousand Units) Forecast, by Country, 2017‒2031

    Figure 44: Middle East & Africa Alternative Powertrain Market Value (US$ Bn) Forecast, by Country, 2017‒2031

    Figure 45: Middle East & Africa Alternative Powertrain Market, Incremental Opportunity, by Country, Value (US$ Bn), 2022‒2031

    Figure 46: South America Alternative Powertrain Market Volume (Thousand Units) Forecast, by Powertrain, 2017‒2031

    Figure 47: South America Alternative Powertrain Market Value (US$ Bn) Forecast, by Powertrain, 2017‒2031

    Figure 48: South America Alternative Powertrain Market, Incremental Opportunity, by Powertrain, Value (US$ Bn), 2022‒2031

    Figure 49: South America Alternative Powertrain Market Volume (Thousand Units) Forecast, by Component, 2017‒2031

    Figure 50: South America Alternative Powertrain Market Value (US$ Bn) Forecast, by Component, 2017‒2031

    Figure 51: South America Alternative Powertrain Market, Incremental Opportunity, by Component, Value (US$ Bn), 2022‒2031

    Figure 52: South America Alternative Powertrain Market Volume (Thousand Units) Forecast, by Country, 2017‒2031

    Figure 53: South America Alternative Powertrain Market Value (US$ Bn) Forecast, by Country, 2017‒2031

    Figure 54: South America Alternative Powertrain Market, Incremental Opportunity, by Country, Value (US$ Bn), 2022‒2031

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