Rockville, MD -- (SBWIRE) -- 05/28/2019 -- The urge to enhance fuel economy and reduce emissions have made every powertrain and engine system component a catalyst to enhance efficiency, integrate function, and reduce cost and weight. Accordingly, demand placed on suppliers are witnessing a change at a fundamental level. As such, suppliers are vying close developmental partnerships with the automotive manufacturers. Vehicle manufacturers are heavily focusing on providing differentiated powertrain features which help to address the demands of consumers and counter environmental challenges.

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The robustly globalizing world has opened up new avenues for the automotive powertrain components, especially when it make a transition towards electronic, electric and hybrid cars. These cars are dubbed more efficient, reliable and safe for passengers. In the next decade, it will lead to newer opportunities and verticals for automotive powertrain components manufacturers, who are expected to embrace systematic research and development to adapt to change. Electric powertrain components are set to rule the roost given Silicon Valley based Efficient Drivetrains, Inc. acquired by Cummins Inc. is seen by many as the 'secret sauce' for the robust growth.

It has become indispensable for any vehicles to use the best powertrain components to help in converting the engine's power into actual movement efficiently. Consequently, automotive powertrain components manufacturers are engaged in new product developments.

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Rigorous government regulations imposed by concerned agencies for reducing carbon dioxide emissions have compelled manufacturers to propel the efficiency of the powertrain systems. However, the underlying problem with the powertrain components is the initial cash outflow in terms of high investment which is anticipated to impede the growth of the automotive powertrain components market. Nevertheless, prevalence of charade automotive powertrain components have made the life difficult for OEMs to involuntarily reduce price.

All-wheel drive vehicles have grabbed eyeballs in North America and the trend for posh vehicles have underpinned the manufacturing of sophisticated automotive powertrain in the region. Europe is reaping dividend from the expanding footprints of pertinent manufacturers, though imminent Brexit has left many perplexed. On the other hand, Asia Pacific is buoyed by the amiable response from governments across countries—Chinese government has rolled out initiatives to promote manufacturing of the vehicles and India is one of leading automotive hub.

Automotive Powertrain Components Market: Synopsis

Quantitative and qualitative analysis accentuate the in-depth and robust report on the automotive powertrain components market. In addition, the report delves on dynamics in the market that are anticipated to have the influence on the growth of the automotive powertrain components market, comprising drivers, trends, restraints, and opportunities. Additionally, the report also focuses on segmentation of the market to offer a deep-dive analysis on automotive powertrain components.

The report sheds light on executive summary and overview section, which is aimed at providing a thorough assessment on the automotive powertrain components market. Further, the overview section delves into value chain analysis, PESTLE analysis, supply chain analysis, and pricing analysis to delineate automotive powertrain components market exhaustively.

Furthermore, the report elucidates benchmarking to assess the performance of the products and business processes and compare the performances of competitor companies both inside and outside the industry in search for optimal performance.

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