Global Automotive Powertrain Market to Reach 116.19 Million Units by 2017, According to New Report by Global Industry Analysts, Inc.

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GIA announces the release of a comprehensive global report on Automotive Powertrain market. Although the prolonged severity of the economic slowdown and depressed automotive industry have elicited decline in automotive powertrain sales in 2008 & 2009, the market nevertheless staged a recovery in 2010, and is projected further to register 116.19 million units in annual volume sales by 2017. Growth in the market is expected to be essentially driven by increase in automobile production as a result of post recession resurgence in consumer demand for new cars, and scheduled development and roll out of new vehicle models. Fast growing popularity of electric and hybrid car powertrains, and robust demand from developing markets, particularly Asia-Pacific also augur well for the market.

Automotive Powertrain: A Global Strategic Business Report

The automobile industry has been one of the worst hit industries by the recession, as the demand for cars witnessed hurting declines, exacerbating the already existing woes of excess production capacities. With vehicle sales nose-diving resulting in plant shutdowns, shockwaves that ripped through the automobile industry was faithfully transmitted to the automotive powertrain market. The trickle down impact of the depressing business climate in the automotive industry on the global Automotive Powertrain market is reflected in notable declines in growth rates during 2008 and 2009. Factors that have brought down the automotive industry, such as restricted access to credit, rising levels of unemployment, decline in purchasing power, reduction in household wealth, falling consumer confidence, and postponement of new car purchases, among others have also played instrumental roles in dragging down growth in the automotive powertrain segment of the auto industry. Sales in the OEM segment in particular recorded hurting declines in sync with the dip in auto production and sales. R&D investments in powertrain development also witnessed temporary deceleration during the period.

However, with recession having played out its part in full proportions and the automotive industry emerging from the previous lows, the worst is now over for automotive powertrain market, as evident from the recovery in volume sales during 2010. With vehicle production staging a comeback, thanks to increasing consumer demand for new cars as a result of resurgence in growth fundamentals such as recovery in GDP growth, improvements in employment rates, incomes levels and discretionary incomes, and rise in consumer confidence, the demand for automotive powertrain too is also on the rise, especially in the OEM segment. With companies also waking up to the fact that undeterred focus on long-term plans is critical in warding off the impact of the economic slowdown, creative designs and technology specifications will continue to come to the market, thereby creating demand for automotive technologies. Growing popularity of eco-friendly, alternate fuel powered automobiles such as hybrid and electric cars, given the volatility in fuel prices and stronger environmental regulations, will especially serve as a business case for hybrid and electric car powertrains. Although still a niche market in the transmission technology market, hybrid and electric car powertrains of late, have been eliciting huge interest, in line with the focus on use of alternate fuels. Leading automotive manufacturers continue to add hybrid powertrains to their product lineup, supported by electronic control units and software to enhance fuel efficiency and performance, thus driving market prospects for overall automotive powertrain market.

As stated by the new market research report on Automotive Powertrain, Asia-Pacific is the largest regional market for Automotive Powertrain. Growth in the market is especially driven by the robust automotive production scenario in the region, thanks to the growing demand for new cars in emerging countries such as China and India. Gasoline Powertrain represents the largest segment in the global automotive powertrain market. However, given the high fuel efficiency and better emission standards of diesel powered vehicles, and most importantly, low cost of diesel as compared to gasoline, Diesel powertrain segment is expected to gain market share from gasoline powertrain segment by 2017.

Major players in the marketplace include Atria Controls Inc., Audi Hungaria Motor Kft., BorgWarner Inc., Continental AG, Daimler AG, Dana Holding Corporation, DPH Holdings Corporation, Federal-Mogul Corporation, Fiat Powertrain Technologies S.p.A, GM Powertrain, Honda Transmission Manufacturing of America, Inc, Magna Powertrain Inc., Magneti Marelli Powertrain S.p.A, Robert Bosch GmbH, Ricardo Plc, Volvo Powertrain AB, World Industries Ace Corporation, ZF Friedrichshafen AG, among others.

The research report titled “Automotive Powertrain: A Global Strategic Business Report” announced by Global Industry Analysts, Inc., provides a comprehensive review of market trends, issues, drivers, company profiles, and key strategic industry activities. Market estimates and projections are presented for all major geographic markets including US Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific, Latin America and Rest of World. Product segments analyzed include Gasoline Powertrain, Diesel Powertrain, and Others.

For more details about this comprehensive market research report, please visit –
http://www.strategyr.com/Automotive_Powertrain_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world’s largest market research publishers. The company employs over 800 people worldwide and publishes more than 1200 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.

Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
E-mail: press(at)StrategyR(dot)com
Web Site: http://www.StrategyR.com/

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