Global Automotive Powertrain Systems Market
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Global Automotive Powertrain Systems Market was valued US$ XX Mn in 2019 and is expected to reach US$ XX Mn by 2027, at a CAGR of XX% during the forecast period.
Global Automotive Powertrain Systems Market, By RegionMarket Overview:
The automotive powertrain system generates and transmits power to the vehicle, and enables the movement of vehicles. The automotive powertrain system includes the engine, transmission, the driveshaft, differentials, and axles, which are mechanical components required to propel vehicles. The engine is a main component of the automotive powertrain system. The engine produces power and torque through controlled explosions in the cylinders, which forces pistons to move, causing the crankshaft to rotate quickly. The transmission is accountable for translating the rotation of the engine into usable force. Market players are gradually emerging advanced powertrain systems to improve efficiency, functionality, reduce weight, and cost because of increasing regulations about vehicular emissions and fuel efficiency.The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.
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Last Update : Jul 08, 2020 2:55 AM
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