Global Drive System For Automotive Market, To Register High Growth Rate During The Forecast Period

Pune, India, December 20, 2017 /MRFR Press Release/- Market Research Future published a cooked research report on global drive system for automotive market. The global market for global drive system for automotive market is expected to witness significant growth between 2022 and 2030.

The global market for drive system has been witnessing significant growth in recent times. The growing vehicle production across the globe has been aiding the market.  In addition, stringent regulatory norms, especially in Europe has fueled the growth of the market. Rapidly rising demand for high fuel efficiency and transmission system has evolved to provide better vehicle performance. Manufacturers of drive systems are competing to develop fuel efficient systems without compromising on the performance of vehicle. Automatic transmission is preferred over manual transmission, and the reason behind the inclination towards automatic transmissions, is fuel efficiency, increased power, and better comfort level.   

Browse In-depth Details [Table of Content, List of Figures, List of Tables] of Drive System Market Research Report

With almost every major manufacturer adopting advanced technologies in order to keep pace with the leading manufacturers in the automotive industry, the market for Drive System is poised for rapid growth during the forecast period. Increased investment in the automotive industry across the globe provides a positive outlook to various manufacturers operating in the automotive industry. The stringent emission norms are also driving the market for Drive System market. With major manufacturers adopting advanced technologies to keep pace with the leading manufacturers in the automotive industry, the market for drive system is poised for rapid growth during the forecast period. Increased investment in the automotive industry across the globe encourages various manufacturers operating in the automotive industry. The stringent emission norms are also driving the market for drive system market.

Taste the market data and market information presented through more than 40 market data tables and figures spread over 80 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Global Drive System for Automotive Market Research Report - Forecast to 2030”.

Global Drive System for Automotive Market:

The market for drive system systems is expected to grow with an increase in demand of automobiles, majorly in the U.S. and Europe. North America is expected to be the largest market during the forecast period.  Increasing demand for automatic manual transmission (AMT) across the region, is expected to boost the industry growth. In addition, the sophisticated manufacturing hubs and market, in terms of technology is expected to strengthen the market growth further. There is an immense demand of commercial vehicles in United States. The demand for commercial vehicles has increased the demand for drive system systems market. Major demand for fuel efficient vehicles, coupled with heavy investment in the technological development is expected to drive the demand in the drive system market in this region. The growth of the Europe region is also driven by the presence of major auto manufacturers, which are mainly focusing on meeting the increasing demand for both, passenger and commercial vehicles. Owing to all these factors, the growth of the regions is expected to grow at a rapid pace.

 The key players of global Drive System for Automotive market are Continental AG (Germany), Delphi Automotive Plc.(U.K.), Denso (Japan), Bosch (Germany), Schaeffler(Germany), Johnson Electric (China), Mitsubishi Electric(Japan), Infineon (Germany), Hitachi Automotive Systems (Japan), Valeo (France), Mahle (Germany) and Cummins (U.S.). In 2016, these companies accounted for a share of XX% of the global market.

Market Research Analysis:

Asia Pacific is the second largest market in the global automotive transmission market owing to factors such as growth in the production of passenger cars and LCV in the developing economies. Many OEMs are keen to open their production facilities, in this region, especially in the emerging nations such as China and India. The market has been experiencing rapid growth due to the rising sales of passenger cars, and the emerging economies where the global players are shifting. Technological advancements are also giving a much needed thrust to the Gasoline Direct Injection (GDI) systems market. Rampant rise in vehicle production in the Asia Pacific region is also expected to be majorly contributing in the growth of the drive system market.