An electric vehicle (EV) is powered by an alternative source of power/energy, unlike fossil fuels such as diesel and petrol, it is powered by electricity with the help of a battery. The electric vehicle powertrain includes the battery, electric motor, and transmission, which helps generate power that is utilized to drive or move the vehicle. Electric vehicles powertrains incorporated in battery electric vehicles (BEV), which is an all-electric vehicle, are powered 100% by electric energy. Powertrains in plug-in-hybrid electric vehicles (PHEVs) can be charged from wall mounted electricity power supply board while, powertrains in hybrid-electric vehicles (HEVs) employ two or more types of fuels to power these vehicles.

EVs are the future of the automotive industry as fossil fuels are expected to go extinct in the next few decades. Therefore, alternative energy is required to power vehicles, which could be electricity. Several countries have formulated stringent policies for alternative fuel vehicle/ EVs. Numerous emission laws have been enacted to reduce the CO2 emission from vehicles. An EV can reduce CO2 emission and also reduce the consumption of fossil fuels. The global electric vehicle powertrain market has expanded in the last few years. It is expected to expand further during the forecast period, due to increase in demand for electric vehicles in the global market. Lack of infrastructure is a major restraint of the electric powertrain market.

The global electric vehicle powertrain market can be segmented based on technology, component, vehicle type, and region. In terms of technology, the global electric vehicle powertrain market can further be bifurcated into Battery electric vehicles (BEV), Plug-in-hybrid electric vehicle (PHEV) and Hybrid-electric vehicle (HEV). Automobile manufacturers are focusing on the reduction of the weight of the vehicle for enhanced power, performance, mileage, and efficiency. Consequently, they demand lightweight structures and components in order to manufacture parts of their vehicles. The powertrain should be lightweight; however, it should also be durable and strong. In terms of component, the electric vehicle powertrain market can further be bifurcated into battery, controller, transmission, engine and motor/generator. Based on vehicle type, the electric vehicle powertrain market can be classified into passenger vehicle, two-wheeler, three-wheeler, and commercial vehicle. The passenger vehicle segment can be further sub-segmented into hatchback, sedan, and SUV/MUV. In terms of region, the electric vehicle powertrain market can be split into Asia Pacific, Middle East & Africa, Europe, Latin America, and North America. The market in Asia Pacific is projected to expand at a prominent pace during the forecast period due to the increase in demand for vehicles and rise in per capita income of customers in the region. Furthermore, China and India are among the major producers of automobiles, which in turn is expected to be a major factor that fuels the electric vehicle powertrain market in Asia Pacific during the forecast period. Europe is anticipated to be a major market for electric vehicle powertrain, as several OEMs have their presence in Europe. Moreover, the region accounts for a major share of production of automobiles, globally. This, in turn, is anticipated to propel the electric vehicle powertrain market in the region during the forecast period.

Key players operating in the global electric vehicle powertrain market include ZF Friedrichshafen AG, GKN PLC, Cummins Inc., Meritor, Inc., Robert Bosch GmbH, Magna International, Dana Incorporated, and Bonfiglioli Riduttori S.P.A.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.