Electric Vehicle Powertrain Market Research Report - Global Forecast till 2027

Global Electric Vehicle Powertrain Market Research Report: Information, by Component (Battery, E-Motor, Power Electronics, Thermal Management Modules and others), Propulsion (Battery Electric Vehicle (BEV), Hybrid Electric Vehicle (HEV), Plug-in Hybrid Electric Vehicles (PHEV)), Vehicle Type (Passenger Car and Commercial Vehicle) and Region (North America, Europe, Asia-Pacific and Rest of the World) - Forecast till 2027

ID: MRFR/AM/6804-HCR | February 2021 | Region: Global | 100 pages

Please note that the assessment period of report has been updated from 2018-2025 to 2020-2027. Cordially fill the sample form for updated data.

Market Synopsis


An electric powertrain is a closed-loop system, mainly constituted by battery, inverter, high-power electric motor, reduction drive and power delivery module (PDM). In electric vehicles, powertrains are used to enhance the range of efficiency for the vehicle. Powertrain systems can be used flexibly in electric vehicles such as battery, hybrid, and plug-in electric vehicle as well as they are easy to integrate. Hence, the deployment of powertrain systems in EV is also helps to reduces development times and costs.


The global increase in production and sales of electric cars, improving electric vehicle infrastructure in countries such as China, Germany, South Korea, the US, and Japan, stringent emission regulations, increasing new energy vehicles (NEV) demand, and the growing demand for energy-efficient EV drivetrain system are the key factors driving electric vehicle market size over the forecast period . Hence, the global electric vehicle powertrain market is projectd to reach USD 120 billion by 2025 and is estimated to witness ~16% CAGR during the period from 2019 to 2025.


The lack of standard development protocols for electric vehicle powertrain component and lack of infrastructure for electric vehicles from emerging nations are considered as the key factors restraining the growth of this market. However, the growing adoption of electrified powertrain (e-powertrain) for commercial vehicles globally, raising trend of electromobility (e-mobility), growing demand for e-City Truck powertrain solutions, growing deployment of simulation technology in powertrain system, and economic improvement in developing countries are expected to offer opportunities to the global EV powertrain market players.


Segmentation: Electric Vehicle Powertrain Market  Electric Vehicle Powertrain Market


The global electric vehicle powertrain market is segmented based on component, propulsion, vehicle type, and region. The global market is segmented on the basis of component as battery, e-motor, power electronics, thermal management modules, and others. The battery segment is projected to witness a significant growth over the forecast period. On the basis of propulsion, the global market has been segmented into battery, hybrid, and plug-in hybrid electric vehicle. The battery electric vehicle powertrain segment is projected to be dominant throughout the forecast period, whereas the hybrid electric vehicle powertrain segment is projected to grow at a substantial rate over the forecast period. The global market is segmented on the basis of vehicle type as passenger car and commercial vehicle. The passenger car segment holds the larger share in the global electric vehicle powertrain market over the forecast period.


Geographically, the global electric vehicle powertrain market has been segmented into four major regions, namely, Europe, Asia-Pacific, North America, and the rest of the world. The global market was led by Asia-Pacific in 2018, followed by Europe and North America. Asia-Pacific is expected to dominate in terms of market share during the forecast period owing to the massive increase in the production and sales of e-vehicles, resulting in the increased installation of powertrain system and solutions in electric vehicles. Furthermore, the increasing investments by private and public players and the rise in demand for safety features in vehicles are expected to develop electric car powertrains such as power inverters and power modules, driving the growth of the market in Asia-Pacific.


The North America market is growing due to factors such as increased government backing and support for the development of EV powertrain industry, investments in research and development, large potential consumer base in the US and Canada, and the demand for environment-friendly vehicles contribute to the EV powertrain sales.


Regulatory laws by the European Union (EU) for vehicle emissions and timelines for creating zero-emission zones in countries such as the UK and France increase the demand for electric vehicles in these countries, which in turn drives the EV powertrain market.


Key Players


The Key Players operating in the global electric vehicle powertrain market are ZF Friedrichshafen AG (Germany), EPT Co., Inc. (South Korea), WEG (Brazil), Bonfiglioli Riduttori S.P.A (Italy), IET S.p.A. (Italy), Automation Tooling Systems Inc. (Canada), GKN PLC (UK), NXP Semiconductors (the Netherlands), Robert Bosch GmbH (Germany), BorgWarner Inc. (US), Continental AG (Germany), AVL List GmbH (Austria), Mitsubishi Electric Corp (Japan), Magna International Inc. (Canada), and Dana Incorporated (US).


The report for the global electric vehicle powertrain market of Market Research Future covers extensive primary research. This is accompanied by a detailed analysis of qualitative and quantitative aspects by various industry experts and key opinion leaders to gain deeper insights into the market and industry performance. The report gives a clear picture of the current market scenario, which includes the historic and forecasted market size, in terms of value and volume, technological advancement, macroeconomic, and governing factors of the market. The report provides comprehensive information about the strategies of the top companies in the industry, along with a broad study of the different market segments and regions.


Intended Audience:



  • Electric vehicle powertrain manufacturers

  • Electric vehicle powertrain distributors and suppliers

  • State and national regulatory authorities

  • Consulting companies in the powertrain industry

  • Investors/shareholders

  • Government and industry associations

  • Research organizations



Frequently Asked Questions (FAQ) :


The upswing in production and sales of electric cars is estimated to be a critical determining factor for success in the market.

A 16% CAGR is estimated to induce favourable momentum in the global market.

BorgWarner Inc. (US), Continental AG (Germany), Robert Bosch GmbH (Germany), AVL List GmbH (Austria) are the distinguished contributors to the market’s success.

The regional market in the Asia Pacific is estimated to hold greater sway in the market’s progress.

An income figure reaching USD 120 billion by 2025 is forecasted for the global market.

Table of Contents

1. Executive Summary

2. Scope of the Report

2.1. Market Definition

2.2. Scope of the Study

2.2.1. Definition

2.2.2. Research Objective

2.2.3. Assumptions

2.2.4. Limitations

2.3. Research Process

2.3.1. Primary Research

2.3.2. Secondary Research

2.4. Market size Estimation

2.5. Forecast Model

3. Market Landscape

3.1. Porter’s Five Forces Analysis

3.1.1. Threat of New Entrants

3.1.2. Bargaining power of Buyers

3.1.3. Threat of Substitutes

3.1.4. Segment Rivalry

3.1.5. Bargaining Power of Buyers

3.2. Value Chain/Supply Chain Analysis

4. Market Dynamics

4.1. Introduction

4.2. Market Drivers

4.3. Market Restraints

4.4. Market Opportunities

4.5. Market Trends

5. Global Electric Vehicle Powertrain Market, by Component

5.1. Introduction

5.2. Battery

5.2.1. Market Estimates & Forecast, 2020-2027

5.2.2. Market Estimates & Forecast, by Region, 2020-2027

5.3. E-Motor

5.3.1. Market Estimates & Forecast, 2020-2027

5.3.2. Market Estimates & Forecast, by Region, 2020-2027

5.4. Power Electronics

5.4.1. Market Estimates & Forecast, 2020-2027

5.4.2. Market Estimates & Forecast, by Region, 2020-2027

5.5. Thermal Management Modules

5.5.1. Market Estimates & Forecast, 2020-2027

5.5.2. Market Estimates & Forecast, by Region, 2020-2027

5.6. Others

5.6.1. Market Estimates & Forecast, 2020-2027

5.6.2. Market Estimates & Forecast, by Region, 2020-2027

6. Global Electric Vehicle Powertrain Market, by Propulsion

6.1. Introduction

6.2. Battery Electric Vehicle (BEV)

6.2.1. Market Estimates & Forecast, 2020-2027

6.2.2. Market Estimates & Forecast, by Region, 2020-2027

6.3. Hybrid Electric Vehicle (HEV)

6.3.1. Market Estimates & Forecast, 2020-2027

6.3.2. Market Estimates & Forecast, by Region, 2020-2027

6.4. Plug-in Hybrid Electric Vehicle (PHEV)

6.4.1. Market Estimates & Forecast, 2020-2027

6.4.2. Market Estimates & Forecast, by Region, 2020-2027

7. Global Electric Vehicle Powertrain Market, by Vehicle Type

7.1. Introduction

7.2. Passenger Car

7.2.1. Market Estimates & Forecast, 2020-2027

7.2.2. Market Estimates & Forecast, by Region, 2020-2027

7.3. Exhaust Gas Recirculation (EGR)

7.3.1. Market Estimates & Forecast, 2020-2027

7.3.2. Market Estimates & Forecast, by Region, 2020-2027

7.4. Commercial Vehicle

7.4.1. Market Estimates & Forecast, 2020-2027

7.4.2. Market Estimates & Forecast, by Region, 2020-2027

8. Global Electric Vehicle Powertrain Market, by Region

8.1. Introduction

8.2. North America

8.2.1. Market Estimates & Forecast, by Country, 2020-2027

8.2.2. Market Estimates & Forecast, by Component, 2020-2027

8.2.3. Market Estimates & Forecast, by Propulsion, 2020-2027

8.2.4. Market Estimates & Forecast, by Vehicle Type, 2020-2027

8.2.5. US

8.2.5.1. Market Estimates & Forecast, by Component, 2020-2027

8.2.5.2. Market Estimates & Forecast, by Propulsion, 2020-2027

8.2.5.3. Market Estimates & Forecast, by Vehicle Type, 2020-2027

8.2.6. Canada

8.2.6.1. Market Estimates & Forecast, by Component, 2020-2027

8.2.6.2. Market Estimates & Forecast, by Propulsion, 2020-2027

8.2.6.3. Market Estimates & Forecast, by Vehicle Type, 2020-2027

8.3. Europe

8.3.1. Market Estimates & Forecast, by Country, 2020-2027

8.3.2. Market Estimates & Forecast, by Component, 2020-2027

8.3.3. Market Estimates & Forecast, by Propulsion, 2020-2027

8.3.4. Market Estimates & Forecast, by Vehicle Type, 2020-2027

8.3.5. UK

8.3.5.1. Market Estimates & Forecast, by Component, 2020-2027

8.3.5.2. Market Estimates & Forecast, by Propulsion, 2020-2027

8.3.5.3. Market Estimates & Forecast, by Vehicle Type, 2020-2027

8.3.6. Germany

8.3.6.1. Market Estimates & Forecast, by Component, 2020-2027

8.3.6.2. Market Estimates & Forecast, by Propulsion, 2020-2027

8.3.6.3. Market Estimates & Forecast, by Vehicle Type, 2020-2027

8.3.7. France

8.3.7.1. Market Estimates & Forecast, by Component, 2020-2027

8.3.7.2. Market Estimates & Forecast, by Propulsion, 2020-2027

8.3.7.3. Market Estimates & Forecast, by Vehicle Type, 2020-2027

8.3.8. Italy

8.3.8.1. Market Estimates & Forecast, by Component, 2020-2027

8.3.8.2. Market Estimates & Forecast, by Propulsion, 2020-2027

8.3.8.3. Market Estimates & Forecast, by Vehicle Type, 2020-2027

8.3.9. Rest of Europe

8.3.9.1. Market Estimates & Forecast, by Component, 2020-2027

8.3.9.2. Market Estimates & Forecast, by Propulsion, 2020-2027

8.3.9.3. Market Estimates & Forecast, by Vehicle Type, 2020-2027

8.4. Asia-Pacific

8.4.1. Market Estimates & Forecast, by Country, 2020-2027

8.4.2. Market Estimates & Forecast, by Component, 2020-2027

8.4.3. Market Estimates & Forecast, by Propulsion, 2020-2027

8.4.4. Market Estimates & Forecast, by Vehicle Type, 2020-2027

8.4.5. China

8.4.5.1. Market Estimates & Forecast, by Component, 2020-2027

8.4.5.2. Market Estimates & Forecast, by Propulsion, 2020-2027

8.4.5.3. Market Estimates & Forecast, by Vehicle Type, 2020-2027

8.4.6. Japan

8.4.6.1. Market Estimates & Forecast, by Component, 2020-2027

8.4.6.2. Market Estimates & Forecast, by Propulsion, 2020-2027

8.4.6.3. Market Estimates & Forecast, by Vehicle Type, 2020-2027

8.4.7. India

8.4.7.1. Market Estimates & Forecast, by Component, 2020-2027

8.4.7.2. Market Estimates & Forecast, by Propulsion, 2020-2027

8.4.7.3. Market Estimates & Forecast, by Vehicle Type, 2020-2027

8.4.8. Rest of Asia-Pacific

8.4.8.1. Market Estimates & Forecast, by Component, 2020-2027

8.4.8.2. Market Estimates & Forecast, by Propulsion, 2020-2027

8.4.8.3. Market Estimates & Forecast, by Vehicle Type, 2020-2027

8.5. RoW

8.5.1. Market Estimates & Forecast, by Region, 2020-2027

8.5.2. Market Estimates & Forecast, by Component, 2020-2027

8.5.3. Market Estimates & Forecast, by Propulsion, 2020-2027

8.5.4. Market Estimates & Forecast, by Vehicle Type, 2020-2027

8.5.5. Middle East and Africa

8.5.5.1. Market Estimates & Forecast, by Region, 2020-2027

8.5.5.2. Market Estimates & Forecast, by Component, 2020-2027

8.5.5.3. Market Estimates & Forecast, by Propulsion, 2020-2027

8.5.5.4. Market Estimates & Forecast, by Vehicle Type, 2020-2027

8.5.6. South America

8.5.6.1. Market Estimates & Forecast, by Region, 2020-2027

8.5.6.2. Market Estimates & Forecast, by Component, 2020-2027

8.5.6.3. Market Estimates & Forecast, by Propulsion, 2020-2027

8.5.6.4. Market Estimates & Forecast, by Vehicle Type, 2020-2027

9. Competitive Landscape

10. Company Profile

10.1. ZF Friedrichshafen AG

10.1.1. Company Overview

10.1.2. Products/Services Offered

10.1.3. Financial Overview

10.1.4. Key Developments

10.1.5. Key Strategies

10.1.6. SWOT Analysis

10.2. GKN PLC

10.2.1. Company Overview

10.2.2. Products/Services Offered

10.2.3. Financial Overview

10.2.4. Key Developments

10.2.5. Key Strategies

10.2.6. SWOT Analysis

10.3. NXP Semiconductors

10.3.1. Company Overview

10.3.2. Products/Services Offered

10.3.3. Financial Overview

10.3.4. Key Developments

10.3.5. Key Strategies

10.3.6. SWOT Analysis

10.4. Robert Bosch GmbH

10.4.1. Company Overview

10.4.2. Products/Services Offered

10.4.3. Financial Overview

10.4.4. Key Developments

10.4.5. Key Strategies

10.4.6. SWOT Analysis

10.5. BorgWarner Inc.

10.5.1. Company Overview

10.5.2. Products/Services Offered

10.5.3. Financial Overview

10.5.4. Key Developments

10.5.5. Key Strategies

10.5.6. SWOT Analysis

10.6. Continental AG

10.6.1. Company Overview

10.6.2. Products/Services Offered

10.6.3. Financial Overview

10.6.4. Key Developments

10.6.5. Key Strategies

10.6.6. SWOT Analysis

10.7. AVL List GmbH

10.7.1. Company Overview

10.7.2. Products/Services Offered

10.7.3. Financial Overview

10.7.4. Key Developments

10.7.5. Key Strategies

10.7.6. SWOT Analysis

10.8. Mitsubishi Electric Corp

10.8.1. Company Overview

10.8.2. Products/Services Offered

10.8.3. Financial Overview

10.8.4. Key Developments

10.8.5. Key Strategies

10.8.6. SWOT Analysis

10.9. Magna International Inc.

10.9.1. Company Overview

10.9.2. Products/Services Offered

10.9.3. Financial Overview

10.9.4. Key Developments

10.9.5. Key Strategies

10.9.6. SWOT Analysis

10.10. Dana Incorporated

10.10.1. Company Overview

10.10.2. Products/Services Offered

10.10.3. Financial Overview

10.10.4. Key Developments

10.10.5. Key Strategies

10.10.6. SWOT Analysis

10.11. EPT Co., Inc.

10.11.1. Company Overview

10.11.2. Products/Services Offered

10.11.3. Financial Overview

10.11.4. Key Developments

10.11.5. Strategy

10.11.6. SWOT Analysis

10.12. WEG

10.12.1. Company Overview

10.12.2. Products/Services Offered

10.12.3. Financial Overview

10.12.4. Key Developments

10.12.5. Strategy

10.12.6. SWOT Analysis

10.13. Bonfiglioli Riduttori S.P.A

10.13.1. Company Overview

10.13.2. Products/Services Offered

10.13.3. Financial Overview

10.13.4. Key Developments

10.13.5. Strategy

10.13.6. SWOT Analysis

10.14. IET S.p.A.

10.14.1. Company Overview

10.14.2. Products/Services Offered

10.14.3. Financial Overview

10.14.4. Key Developments

10.14.5. Strategy

10.14.6. SWOT Analysis

10.15. Automation Tooling Systems Inc.

10.15.1. Company Overview

10.15.2. Products/Services Offered

10.15.3. Financial Overview

10.15.4. Key Developments

10.15.5. Strategy

10.15.6. SWOT Analysis 


List of Tables

Table 1 Global Electric Vehicle Powertrain Market, by Region, 2020-2027

Table 2 North America: Electric Vehicle Powertrain Market, by Country, 2020-2027

Table 3 Europe: Electric Vehicle Powertrain Market, by Country, 2020-2027

Table 4 Asia-Pacific: Electric Vehicle Powertrain Market, by Country, 2020-2027

Table 5 RoW: Electric Vehicle Powertrain Market, by Region, 2020-2027

Table 6 Global Electric Vehicle Powertrain Market, by Component, by Regions, 2020-2027

Table 7 North America: Electric Vehicle Powertrain Market, by Component, by Country, 2020-2027

Table 8 Europe: Electric Vehicle Powertrain Market, by Component, by Country, 2020-2027

Table 9 Asia-Pacific: Electric Vehicle Powertrain Market, by Component, by Country, 2020-2027

Table 10 RoW: Electric Vehicle Powertrain Market, by Component, by Region, 2020-2027

Table 12 Global Electric Vehicle Powertrain, by Propulsion Market, by Regions, 2020-2027

Table 13 North America: Electric Vehicle Powertrain Market, by Propulsion, by Country, 2020-2027

Table 14 Europe: Electric Vehicle Powertrain Market, by Propulsion, by Country, 2020-2027

Table 15 Asia-Pacific: Electric Vehicle Powertrain Market, by Propulsion, by Country, 2020-2027

Table 16 RoW: Electric Vehicle Powertrain Market, by Propulsion, by Region, 2020-2027

Table 17 Global Electric Vehicle Powertrain, by Vehicle Type Market, by Regions, 2020-2027

Table 18 North America: Electric Vehicle Powertrain Market, by Vehicle Type, by Country, 2020-2027

Table 19 Europe: Electric Vehicle Powertrain Market, by Vehicle Type, by Country, 2020-2027

Table 20 Asia-Pacific: Electric Vehicle Powertrain Market, by Vehicle Type, by Country, 2020-2027

Table 21 RoW: Electric Vehicle Powertrain Market, by Vehicle Type, by Region, 2020-2027

Table 22 Global Electric Vehicle Powertrain Market, by Component, 2020-2027

Table 23 Global Electric Vehicle Powertrain Market, by Propulsion, 2020-2027

Table 24 Global Electric Vehicle Powertrain Market, by Vehicle Type, 2020-2027

Table 25 North America: Electric Vehicle Powertrain Market, by Component, 2020-2027

Table 26 North America: Electric Vehicle Powertrain Market, by Propulsion, 2020-2027

Table 27 North America: Electric Vehicle Powertrain Market, by Vehicle Type, 2020-2027

Table 28 Europe: Electric Vehicle Powertrain Market, by Component, 2020-2027

Table 29 Europe: Electric Vehicle Powertrain Market, by Propulsion, 2020-2027

Table 30 Europe: Electric Vehicle Powertrain Market, by Vehicle Type, 2020-2027

Table 31 Asia-Pacific: Electric Vehicle Powertrain Market, by Component, 2020-2027

Table 32 Asia-Pacific: Electric Vehicle Powertrain Market, by Propulsion, 2020-2027

Table 33 Asia-Pacific: Electric Vehicle Powertrain Market, by Vehicle Type, 2020-2027

Table 34 RoW: Electric Vehicle Powertrain Market, by Component, 2020-2027

Table 35 RoW: Electric Vehicle Powertrain Market, by Propulsion, 2020-2027

Table 36 RoW: Electric Vehicle Powertrain Market, by Vehicle Type, 2020-2027


List of Figures

Figure 1 Research Process of MRFR

Figure 2 Top-Down and Bottom-Up Approach

Figure 3 Market Dynamics

Figure 4 Impact Analysis: Market Drivers

Figure 5 Impact Analysis: Market Restraints

Figure 6 Porter's Five Forces Analysis

Figure 7 Value Chain Analysis

Figure 8 Global Electric Vehicle Powertrain Market Share, by Component, 2020 (%)

Figure 9 Global Electric Vehicle Powertrain Market, by Component, 2020-2027 (USD MILLION)

Figure 10 Global Electric Vehicle Powertrain Market Share, by Propulsion, 2020 (%)

Figure 11 Global Electric Vehicle Powertrain Market, by Propulsion, 2020-2027 (USD MILLION)

Figure 12 Global Electric Vehicle Powertrain Market Share, by Vehicle Type, 2020 (%)

Figure 13 Global Electric Vehicle Powertrain Market, by Vehicle Type, 2020-2027 (USD MILLION)

Figure 14 Global Electric Vehicle Powertrain Market Share (%), by Region, 2020

Figure 15 Global Electric Vehicle Powertrain Market, by Region, 2020-2027 (USD MILLION)

Figure 16 North America: Electric Vehicle Powertrain Market Share (%), 2020

Figure 17 North America: Electric Vehicle Powertrain Market, by Country, 2020-2027 (USD MILLION)

Figure 18 Europe: Electric Vehicle Powertrain Market Share (%), 2020

Figure 19 Europe: Electric Vehicle Powertrain Market, by Country, 2020-2027 (USD MILLION)

Figure 20 Asia-Pacific: Electric Vehicle Powertrain Market Share (%), 2020

Figure 21 Asia-Pacific: Electric Vehicle Powertrain Market, by Country, 2020-2027 (USD MILLION)

Figure 22 RoW: Electric Vehicle Powertrain Market Share (%), 2020

Figure 23 RoW: Electric Vehicle Powertrain Market, by Region, 2020-2027 (USD MILLION)