Automotive Powertrain Market Size, Share, and Trends 2024 to 2034

The global automotive powertrain market size is calculated at USD 1014.49 billion in 2025 and is forecasted to reach around USD 3804.52 billion by 2034, accelerating at a CAGR of 15.82% from 2025 to 2034. The Asia Pacific automotive powertrain market size surpassed USD 628.98 billion in 2025 and is expanding at a CAGR of 15.87% during the forecast period. The market sizing and forecasts are revenue-based (USD Million/Billion), with 2024 as the base year.

  • Last Updated : January 2025
  • Report Code : 1276
  • Category : Automotive

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis 

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

5.1. Market Dynamics

5.1.1. Market Drivers

5.1.2. Market Restraints

5.1.3. Market Opportunities

5.2. Porter’s Five Forces Analysis

5.2.1. Bargaining power of suppliers

5.2.2. Bargaining power of buyers

5.2.3. Threat of substitute

5.2.4. Threat of new entrants

5.2.5. Degree of competition

Chapter 6. Competitive Landscape

6.1.1. Company Market Share/Positioning Analysis

6.1.2. Key Strategies Adopted by Players

6.1.3. Vendor Landscape

6.1.3.1. List of Suppliers

6.1.3.2. List of Buyers

Chapter 7. Global Automotive Powertrain Market, By Position

7.1. Automotive Powertrain Market, by Position,

7.1.1. All-wheel Drive (AWD)

7.1.1.1. Market Revenue and Forecast

7.1.2. Rear-wheel Drive (RWD)

7.1.2.1. Market Revenue and Forecast

7.1.3. Front-wheel Drive (FWD)

7.1.3.1. Market Revenue and Forecast

Chapter 8. Global Automotive Powertrain Market, By Engine Type

8.1. Automotive Powertrain Market, by Engine Type,

8.1.1. Diesel

8.1.1.1. Market Revenue and Forecast

8.1.2. Gasoline

8.1.2.1. Market Revenue and Forecast

8.1.3. Others

8.1.3.1. Market Revenue and Forecast

Chapter 9. Global Automotive Powertrain Market, By Vehicle Type

9.1. Automotive Powertrain Market, by Vehicle Type,

9.1.1. Passenger Car

9.1.1.1. Market Revenue and Forecast

9.1.2. Light Commercial Vehicle (LCV)

9.1.2.1. Market Revenue and Forecast

9.1.3. Heavy Commercial Vehicle (HCV)

9.1.3.1. Market Revenue and Forecast

Chapter 10. Global Automotive Powertrain Market, Regional Estimates and Trend Forecast

10.1. North America

10.1.1. Market Revenue and Forecast, by Position

10.1.2. Market Revenue and Forecast, by Engine Type

10.1.3. Market Revenue and Forecast, by Vehicle Type

10.1.4. U.S.

10.1.4.1. Market Revenue and Forecast, by Position

10.1.4.2. Market Revenue and Forecast, by Engine Type

10.1.4.3. Market Revenue and Forecast, by Vehicle Type

10.1.5. Rest of North America

10.1.5.1. Market Revenue and Forecast, by Position

10.1.5.2. Market Revenue and Forecast, by Engine Type

10.1.5.3. Market Revenue and Forecast, by Vehicle Type

10.2. Europe

10.2.1. Market Revenue and Forecast, by Position

10.2.2. Market Revenue and Forecast, by Engine Type

10.2.3. Market Revenue and Forecast, by Vehicle Type

10.2.4. UK

10.2.4.1. Market Revenue and Forecast, by Position

10.2.4.2. Market Revenue and Forecast, by Engine Type

10.2.4.3. Market Revenue and Forecast, by Vehicle Type

10.2.5. Germany

10.2.5.1. Market Revenue and Forecast, by Position

10.2.5.2. Market Revenue and Forecast, by Engine Type

10.2.5.3. Market Revenue and Forecast, by Vehicle Type

10.2.6. France

10.2.6.1. Market Revenue and Forecast, by Position

10.2.6.2. Market Revenue and Forecast, by Engine Type

10.2.6.3. Market Revenue and Forecast, by Vehicle Type

10.2.7. Rest of Europe

10.2.7.1. Market Revenue and Forecast, by Position

10.2.7.2. Market Revenue and Forecast, by Engine Type

10.2.7.3. Market Revenue and Forecast, by Vehicle Type

10.3. APAC

10.3.1. Market Revenue and Forecast, by Position

10.3.2. Market Revenue and Forecast, by Engine Type

10.3.3. Market Revenue and Forecast, by Vehicle Type

10.3.4. India

10.3.4.1. Market Revenue and Forecast, by Position

10.3.4.2. Market Revenue and Forecast, by Engine Type

10.3.4.3. Market Revenue and Forecast, by Vehicle Type

10.3.5. China

10.3.5.1. Market Revenue and Forecast, by Position

10.3.5.2. Market Revenue and Forecast, by Engine Type

10.3.5.3. Market Revenue and Forecast, by Vehicle Type

10.3.6. Japan

10.3.6.1. Market Revenue and Forecast, by Position

10.3.6.2. Market Revenue and Forecast, by Engine Type

10.3.6.3. Market Revenue and Forecast, by Vehicle Type

10.3.7. Rest of APAC

10.3.7.1. Market Revenue and Forecast, by Position

10.3.7.2. Market Revenue and Forecast, by Engine Type

10.3.7.3. Market Revenue and Forecast, by Vehicle Type

10.4. MEA

10.4.1. Market Revenue and Forecast, by Position

10.4.2. Market Revenue and Forecast, by Engine Type

10.4.3. Market Revenue and Forecast, by Vehicle Type

10.4.4. GCC

10.4.4.1. Market Revenue and Forecast, by Position

10.4.4.2. Market Revenue and Forecast, by Engine Type

10.4.4.3. Market Revenue and Forecast, by Vehicle Type

10.4.5. North Africa

10.4.5.1. Market Revenue and Forecast, by Position

10.4.5.2. Market Revenue and Forecast, by Engine Type

10.4.5.3. Market Revenue and Forecast, by Vehicle Type

10.4.6. South Africa

10.4.6.1. Market Revenue and Forecast, by Position

10.4.6.2. Market Revenue and Forecast, by Engine Type

10.4.6.3. Market Revenue and Forecast, by Vehicle Type

10.4.7. Rest of MEA

10.4.7.1. Market Revenue and Forecast, by Position

10.4.7.2. Market Revenue and Forecast, by Engine Type

10.4.7.3. Market Revenue and Forecast, by Vehicle Type

10.5. Latin America

10.5.1. Market Revenue and Forecast, by Position

10.5.2. Market Revenue and Forecast, by Engine Type

10.5.3. Market Revenue and Forecast, by Vehicle Type

10.5.4. Brazil

10.5.4.1. Market Revenue and Forecast, by Position

10.5.4.2. Market Revenue and Forecast, by Engine Type

10.5.4.3. Market Revenue and Forecast, by Vehicle Type

10.5.5. Rest of LATAM

10.5.5.1. Market Revenue and Forecast, by Position

10.5.5.2. Market Revenue and Forecast, by Engine Type

10.5.5.3. Market Revenue and Forecast, by Vehicle Type

Chapter 11. Company Profiles

11.1. Aisin Seiki Co. Ltd.

11.1.1. Company Overview

11.1.2. Product Offerings

11.1.3. Financial Performance

11.1.4. Recent Initiatives

11.2. Ford Motor Company

11.2.1. Company Overview

11.2.2. Product Offerings

11.2.3. Financial Performance

11.2.4. Recent Initiatives

11.3. Borgwarner Inc.

11.3.1. Company Overview

11.3.2. Product Offerings

11.3.3. Financial Performance

11.3.4. Recent Initiatives

11.4. General Motors Company

11.4.1. Company Overview

11.4.2. Product Offerings

11.4.3. Financial Performance

11.4.4. Recent Initiatives

11.5. Hyundai Motor Company

11.5.1. Company Overview

11.5.2. Product Offerings

11.5.3. Financial Performance

11.5.4. Recent Initiatives

11.6. GKN PLC

11.6.1. Company Overview

11.6.2. Product Offerings

11.6.3. Financial Performance

11.6.4. Recent Initiatives

11.7. Jtekt Corporation

11.7.1. Company Overview

11.7.2. Product Offerings

11.7.3. Financial Performance

11.7.4. Recent Initiatives

11.8. Volkswagen AG

11.8.1. Company Overview

11.8.2. Product Offerings

11.8.3. Financial Performance

11.8.4. Recent Initiatives

11.9. Toyota Motor Corporation

11.9.1. Company Overview

11.9.2. Product Offerings

11.9.3. Financial Performance

11.9.4. Recent Initiatives

11.10. ZF Friedrichshafen AG

11.10.1. Company Overview

11.10.2. Product Offerings

11.10.3. Financial Performance

11.10.4. Recent Initiatives

Chapter 12. Research Methodology

12.1. Primary Research

12.2. Secondary Research

12.3. Assumptions

Chapter 13. Appendix

13.1. About Us

13.2. Glossary of Terms

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Frequently Asked Questions

According to Precedence Research, the automotive powertrain market was valued at USD 875.92 billion in 2024 and is predicted to reach around USD 3804.52 billion by 2034.

The automotive powertrain market is growing at a CAGR of 15.82% over the forecast period 2025 to 2034.

Government regulations supporting the advancement and technological development in powertrain systems along with rising demand for environment friendly vehicle are some of the prime factors that are likely to drive the market growth for automotive powertrain during the upcoming years. In addition, surge in the vehicle production particularly across developing nations are anticipated to further propel the automotive powertrain market during the forthcoming years. In 2022, China registered a rise of 5.7% in the car production reaching to 2.84 million units. Similarly, other Asian nations such as India, Japan, and South Korea are witnessing significant rise in the production of passenger cars owing to exponential rise in the demand.

On the basis of engine type, gasoline engines capture majority of market revenue share in the year 2024 and expected to grow at a steady pace during the forecast timeframe.

The Asia Pacific is the major revenue contributor for the year 2024 and anticipated to maintain the same trend over the analysis period. This is mainly attributed to the increasing sale of vehicles along with surge in demand for automated transmission in Asian countries that include India and China.

Some of the prominent players covered under the global automotive powertrain market report include Aisin Seiki Co. Ltd., Ford Motor Company, Borgwarner Inc., General Motors Company, Hyundai Motor Company, GKN PLC, Jtekt Corporation, Volkswagen AG, Toyota Motor Corporation, and ZF Friedrichshafen AG among others.

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