The EV powertrain market accounted to US$ 30,095.5 Mn in 2018 and is expected to grow at a CAGR of 12.0% during the forecast period 2019 – 2027, to account to US$ 82,382.3 Mn by 2027.
Geographically, the EV powertrain market is segmented into North America, APAC, Europe, and Rest of World. Asia-Pacific led the EV powertrain market in 2018 with a significant market share, and is also anticipated to be the fastest growing region during the forecast period of 2019 to 2027. Following by Europe which has some well-developed countries, and the region has a strong automotive sector which is expected to drive the growth of the EV powertrain market in the region. Whereas in North America the OEMs and technology providers continually invest significant amounts in the development of robust solutions, which is attracting vehicular customers. China is the largest EV manufacturing country, and the adoption rate of EVs is highest worldwide, several international EV manufacturers are investing in the country and are expanding their production units to the country. For instance, Tesla is investing US$ 2.0 Bn in a new factory in Shanghai, China, for the production of the Model 3 sedan and future vehicles. Volkswagen has also adopted a similar strategy to capitalize more than US$ 10 Bn in China for over six years.Europe is the second-largest market in the EV powertrain market. North America remains the third-largest geographic segment in the EV powertrain market. In North America, growing popularity of electric vehicles, strong automotive industry in countries such as the US and Canada, and presence of a large number of EV powertrain providers are some of the major factors that are expected to support the growth of EV powertrain market in the region.
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EV Powertrain Market: Strategic Insights
Market Size Value in US$ 30,095.5 Million in 2018 Market Size Value by US$ 82,382.3 Million by 2027 Growth rate CAGR of 12.0% from 2019-2027 Forecast Period 2019-2027 Base Year 2019
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EV Powertrain Market: Strategic Insights
| Market Size Value in | US$ 30,095.5 Million in 2018 |
| Market Size Value by | US$ 82,382.3 Million by 2027 |
| Growth rate | CAGR of 12.0% from 2019-2027 |
| Forecast Period | 2019-2027 |
| Base Year | 2019 |
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Market Insights
Government Initiatives Toward Adoption of EV Powertrains
The global automotive industry is experiencing a significant shift from traditional vehicles to electric vehicles. Governments in various countries are taking initiatives to drive the adoption of electric vehicles. For instance, the Government of Canada invested US$ 182.5 million to develop fast charging network for electric vehicles. Also, in December 2017, the Federal Government of Canada released its Greening Government Strategy, which aims to reduce greenhouse gas emissions by 80% by 2050. Also, according to Clean Energy Canada, the Canadian government invested US$ 1 billion in 2017 for the production of EVs. In 2019, more than 40 models of electric vehicles were available in the Canadian market due to increasing production and demand. Also, electric vehicles account for 2.5% of all vehicles sold in Canada. Furthermore, according to GOV.UK, in July 2019, authorities in the UK invested up to US$ 100 million for the development of next generation electric vehicles. Thus, the government is also collaborating with industry leaders to accelerate the development of electric and hybrid vehicles.
Technological Development in Conventional Engines
Over the past years, cars have witnessed significant technological advancements, especially in the development of alternative technologies. The technologies such as electric drive systems are likely to hold a major share in the automotive sector. The engines are undergoing evolution, with new fuel economy and emission standards. Furthermore, electrification of vehicles has been considered an advancements of automotive technology.
Product Type Insights
The global EV powertrain market by type is segmented into series hybrid powertrain, battery electric vehicle powertrain, series-parallel hybrid powertrain, mild hybrid powertrain, parallel hybrid powertrain. Battery electric vehicle powertrain segment dominated the EV powertrain market heavily and is projected to continue its dominance throughout the forecast period from 2019 – 2027. The battery electric vehicle powertrain is the most popular electric powertrain in the current EV powertrain industry scenario.
Application Insights
The EV powertrain market by vehicle type is further segmented into passenger vehicle and commercial vehicle. The passenger vehicle segment of the EV powertrain market dominated the vehicle type and is expected to continue its dominance throughout the forecast period of 2019 – 2027. The rising demand for passenger cars across the globe has attributed to the increasing disposable income among the populations in developed and developing countries.
Market initiative is observed to be most adopted strategy in the global EV powertrain market. Few of the recent market initiatives are listed below:
2019:Continental AG announced that it would start mass production of its first fully integrated axle drive in China. The motors produced would be used in vehicles from both Chinese and European OEMs.
2019:Hydro-Québec announced that the company has invested $85 million to secure the growth of TM4, now called Dana TM4, and to ensure its leadership position in the electric powertrain sector. Since June 2018, Hydro-Québec has held a 45% interest in subsidiary Dana TM4 as part of a strategic partnership with Dana Incorporated.
2019:Mahle developed a fully integrated modular hybrid drive that can be used for a wide range of applications. The MAHLE Modular Hybrid Powertrain is a fully integrated plug-in hybrid drive that includes a 2- or 3-cylinder, turbocharged gasoline engine.
EV Powertrain Market Report Scope
GLOBAL EV POWERTRAIN MARKET SEGMENTATION
Global EV Powertrain Market - By Product Type
- Series Hybrid Powertrain
- Battery Electric Vehicle Powertrain
- Series-Parallel Hybrid Powertrain
- Mild Hybrid Powertrain
- Parallel Hybrid Powertrain
Global EV Powertrain Market - By Application
- Passenger Cars
- Commercial Vehicles
Global EV powertrain Market - By Geography
North America
- US
- Canada
- Mexico
Europe
- France
- Germany
- UK
- Sweden
- Netherlands
- Slovakia
- Rest of Europe
Asia Pacific (APAC)
- China
- Japan
- India
- South Korea
Rest of the World (ROW)
Global EV Powertrain Market - Company Profiles
- Continental AG
- Robert Bosch GmbH
- Cummins, Inc.
- Maxim Integrated Products, Inc.
- Magna International Inc.
- Tata Elxsi
- Dana Limited
- Valeo SA
- Mahle GmbH
- ZF Friedrichshafen AG
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product Type ; Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Canada, China, France, Germany, India, Japan, Mexico, Netherlands, Slovakia, South Korea, Sweden, United Kingdom, United States
Frequently Asked Questions
The passenger vehicle segment led the EV powertrain market, by application. The trend of procurement of passenger cars is increasing at a high rate over the years and the trend is anticipated to continue in the future. Passenger car segment undergo substantial technological advancements year on year, owing to the changes in consumer interests, emergence of new technologies. Also, the trend of procurement of passenger cars is increasing at a decent rate over the years. The increase in awareness among the vehicular customers related to the benefits of electric vehicles has resulted in downsizing of fossil fuel vehicles. Also, several governmental initiatives have propelled the growth of electric passenger cars over the years.
Key players in the automotive market are focusing on investing in the production of electric vehicles. There have been prominent collaborations in recent years between automakers and tech companies to develop technologically advanced electric vehicles. For instance, in December 2019, Fiat Chrysler planned a merger with French automaker PSA Group to focus on the development of electric vehicles. As the market is moving toward EV adaptation, due to changing business strategy in order to innovate, the ICE vehicle manufacturers are shifting their focus towards EVs. Further, with increasing awareness about the rising levels of greenhouse gas emission and negative impacts of the conventional vehicles in the form of increasing population are the major factors propelling key players to invest in electric vehicles
The growth of the EV powertrain market in the Asia-Pacific region is primarily driven by the growing automotive industry. Asia-Pacific EV powertrain market is progressing rapidly with China holding the leading position followed by Japan and South Korea. China dominates the entire Asia-Pacific region in terms of the number of electric vehicles. Pertaining to a growing middle class, high economic growth, and rapid technological advancement have created immense growth opportunities for the various industries especially automotive industry. China has been the largest automotive market globally over the years. The growth in the automotive sector in China has been achieved mainly through the establishment of various joint ventures with car manufacturers such as Volkswagen, General Motors, and others
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Global EV Powertrain Market – by Product Type
1.3.2 Global EV Powertrain Market – by Application
1.3.3 Global EV Powertrain Market – by Geography
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. EV Powertrain Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 EV Powertrain Market – North America PEST Analysis
4.2.2 EV Powertrain Market – Europe PEST Analysis
4.2.3 EV Powertrain Market – APAC PEST Analysis
4.2.4 EV Powertrain Market – RoW PEST Analysis
4.3 Ecosystem Analysis
5. EV Powertrain Market– Key Market Dynamics
5.1 Market Drivers
5.1.1 Government Initiatives Toward Adoption of EV Powertrains
5.1.2 Technological Development in Conventional Engines
5.2 Market Restraints
5.2.1 Lack of Expertise in Several Developing Countries and High Price of Vehicles is a Limitation
5.3 Market Opportunities
5.3.1 ICE Vehicle Makers Venturing into Electric Vehicle Segment
5.4 Future Trends
5.4.1 Reduction in Powertrain Cost Would Stimulate Market Growth
5.5 Impact Analysis of Drivers and Restraints
6. EV Powertrain Market – Global Market Analysis
6.1 Global EV Powertrain Market Overview
6.2 Global EV Powertrain Market, Forecast and Analysis
6.3 Market Positioning - Top Five Players
7. EV Powertrain Market Analysis – by Product Type
7.1 Overview
7.2 EV Powertrain Market Breakdown, by Product Type, 2018 and 2027
7.3 Series Hybrid Powertrain
7.3.1 Overview
7.3.2 Series Hybrid Powertrain Market, Forecast and Analysis
7.4 Battery Electric Vehicle Powertrain
7.4.1 Overview
7.4.2 Battery Electric Vehicle Powertrain Market, Forecast and Analysis
7.5 Series-Parallel Hybrid Powertrain
7.5.1 Overview
7.5.2 Series-Parallel Hybrid Powertrain Market, Forecast and Analysis
7.6 Mild Hybrid Powertrain
7.6.1 Overview
7.6.2 Mild Hybrid Powertrain Market, Forecast and Analysis
7.7 Parallel Hybrid Powertrain
7.7.1 Overview
7.7.2 Parallel Hybrid Powertrain Market, Forecast and Analysis
8. EV Powertrain Market Analysis – by Application
8.1 Overview
8.2 EV Powertrain Market Breakdown, by Application, 2018 and 2027
8.3 Passenger Cars
8.3.1 Overview
8.3.2 Passenger Cars Market, Forecast and Analysis
8.4 Commercial Vehicles
8.4.1 Overview
8.4.2 Commercial Vehicles Market, Forecast and Analysis
9. EV Powertrain Market– Geographic Analysis
9.1 Overview
9.2 North America EV Powertrain Market, Revenue and Forecast to 2027
9.2.1 North America EV Powertrain Market, Revenue and Forecast to 2027
9.2.2 North America EV Powertrain Market Breakdown, by Product Type
9.2.3 North America EV Powertrain Market Breakdown, by Application
9.2.4 North America EV Powertrain Market Breakdown, by Country
9.2.4.1 US EV Powertrain Market, Revenue and Forecast to 2027 (US$ Mn)
9.2.4.1.1 US EV Powertrain Market Breakdown, by Product Type
9.2.4.1.2 US EV Powertrain Market Breakdown, by Application
9.2.4.2 Canada EV Powertrain Market, Revenue and Forecast to 2027 (US$ Mn)
9.2.4.2.1 Canada EV Powertrain Market Breakdown, by Product Type
9.2.4.2.2 Canada EV Powertrain Market Breakdown, by Application
9.2.4.3 Mexico EV Powertrain Market, Revenue and Forecast to 2027 (US$ Mn)
9.2.4.3.1 Mexico EV Powertrain Market Breakdown, by Product Type
9.2.4.3.2 Mexico EV Powertrain Market Breakdown, by Application
9.3 Europe EV Powertrain Market, Revenue and Forecast to 2027
9.3.1 Europe EV Powertrain Market, Revenue and Forecast to 2027 (US$ Mn)
9.3.2 Europe EV Powertrain Market Breakdown, by Product Type
9.3.3 Europe EV Powertrain Market Breakdown, by Application
9.3.4 Europe EV Powertrain Market Breakdown, by Country
9.3.4.1 Germany EV Powertrain Market, Revenue and Forecast to 2027 (US$ Mn)
9.3.4.1.1 Germany EV Powertrain Market Breakdown, by Product Type
9.3.4.1.2 Germany EV Powertrain Market Breakdown, by Application
9.3.4.2 France EV Powertrain Market, Revenue and Forecast to 2027 (US$ Mn)
9.3.4.2.1 France EV Powertrain Market Breakdown, by Product Type
9.3.4.2.2 France EV Powertrain Market Breakdown, by Application
9.3.4.3 Sweden EV Powertrain Market, Revenue and Forecast to 2027 (US$ Mn)
9.3.4.3.1 Sweden EV Powertrain Market Breakdown, by Product Type
9.3.4.3.2 Sweden EV Powertrain Market Breakdown, by Application
9.3.4.4 UK EV Powertrain Market, Revenue and Forecast to 2027 (US$ Mn)
9.3.4.4.1 UK EV Powertrain Market Breakdown, by Product Type
9.3.4.4.2 UK EV Powertrain Market Breakdown, by Application
9.3.4.5 Netherlands EV Powertrain Market, Revenue and Forecast to 2027 (US$ Mn)
9.3.4.5.1 Netherlands EV Powertrain Market Breakdown, by Product Type
9.3.4.5.2 Netherlands EV Powertrain Market Breakdown, by Application
9.3.4.6 Slovakia EV Powertrain Market, Revenue and Forecast to 2027 (US$ Mn)
9.3.4.6.1 Slovakia EV Powertrain Market Breakdown, by Application
9.3.4.7 Rest of Europe EV Powertrain Market, Revenue and Forecast to 2027 (US$ Mn)
9.3.4.7.1 Rest of Europe EV Powertrain Market Breakdown, by Product Type
9.3.4.7.2 Rest of Europe EV Powertrain Market Breakdown, by Application
9.4 APAC EV Powertrain Market, Revenue and Forecast to 2027
9.4.1 APAC EV Powertrain Market, Revenue and Forecast to 2027 (US$ Mn)
9.4.2 APAC EV Powertrain Market Breakdown, by Product Type
9.4.3 APAC EV Powertrain Market Breakdown, by Application
9.4.4 APAC EV Powertrain Market Breakdown, by Country
9.4.4.1 China EV Powertrain Market, Revenue and Forecast to 2027 (US$ Mn)
9.4.4.1.1 China EV Powertrain Market Breakdown, by Product Type
9.4.4.1.2 China EV Powertrain Market Breakdown, by Application
9.4.4.2 India EV Powertrain Market, Revenue and Forecast to 2027 (US$ Mn)
9.4.4.2.1 India EV Powertrain Market Breakdown, by Product Type
9.4.4.2.2 India EV Powertrain Market Breakdown, by Application
9.4.4.3 Japan EV Powertrain Market, Revenue and Forecast to 2027 (US$ Mn)
9.4.4.3.1 Japan EV Powertrain Market Breakdown, by Product Type
9.4.4.3.2 Japan EV Powertrain Market Breakdown, by Application
9.4.4.4 South Korea EV Powertrain Market, Revenue and Forecast to 2027 (US$ Mn)
9.4.4.4.1 South Korea EV Powertrain Market Breakdown, by Product Type
9.4.4.4.2 South Korea EV Powertrain Market Breakdown, by Application
9.5 RoW EV Powertrain Market, Revenue and Forecast to 2027 (US$ Mn)
9.5.1 RoW EV Powertrain Market, Revenue and Forecast to 2027
9.5.2 RoW EV Powertrain Market Breakdown, by Product Type
9.5.3 RoW EV Powertrain Market Breakdown, by Application
10. EV Powertrain Market – Industry Landscape
10.1 Overview
10.2 Market Initiative
10.3 New Development
11. EV Powertrain Market - Company Profiles
11.1 Continental AG
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Robert Bosch GmbH
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Cummins, Inc
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Maxim Integrated Products, Inc
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Magna International Inc
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Tata Elxsi
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Dana Limited
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Valeo SA
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 Mahle GmbH
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
11.10 ZF Friedrichshafen AG
11.10.1 Key Facts
11.10.2 Business Description
11.10.3 Products and Services
11.10.4 Financial Overview
11.10.5 SWOT Analysis
11.10.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Glossary of Terms
LIST OF TABLES
Table 1. Global EV Powertrain Market, Revenue and Forecast to 2027 (US$ Mn)
Table 2. North America EV Powertrain Market, Revenue and Forecast to 2027 – by Product Type (US$ Mn)
Table 3. North America EV Powertrain Market, Revenue and Forecast to 2027 – by Application (US$ Mn)
Table 4. US EV Powertrain Market, Revenue and Forecast to 2027 – by Product Type (US$ Mn)
Table 5. US EV Powertrain Market, Revenue and Forecast to 2027 – by Application (US$ Mn)
Table 6. Canada EV Powertrain Market, Revenue and Forecast to 2027 – by Product Type (US$ Mn)
Table 7. Canada EV Powertrain Market, Revenue and Forecast to 2027 – by Application (US$ Mn)
Table 8. Mexico EV Powertrain Market, Revenue and Forecast to 2027 – by Product Type (US$ Mn)
Table 9. Mexico EV Powertrain Market, Revenue and Forecast to 2027 – by Application (US$ Mn)
Table 10. Europe EV Powertrain Market, Revenue and Forecast to 2027 – by Product Type (US$ Mn)
Table 11. Europe EV Powertrain Market, Revenue and Forecast to 2027 – by Application (US$ Mn)
Table 12. Germany EV Powertrain Market, Revenue and Forecast to 2027 – by Product Type (US$ Mn)
Table 13. Germany EV Powertrain Market, Revenue and Forecast to 2027 – by Application (US$ Mn)
Table 14. France EV Powertrain Market, Revenue and Forecast to 2027 – by Product Type (US$ Mn)
Table 15. France EV Powertrain Market, Revenue and Forecast to 2027 – by Application (US$ Mn)
Table 16. Sweden EV Powertrain Market, Revenue and Forecast to 2027 – by Product Type (US$ Mn)
Table 17. Sweden EV Powertrain Market, Revenue and Forecast to 2027 – by Application (US$ Mn)
Table 18. UK EV Powertrain Market, Revenue and Forecast to 2027 – by Product Type (US$ Mn)
Table 19. UK EV Powertrain Market, Revenue and Forecast to 2027 – by Application (US$ Mn)
Table 20. Netherlands EV Powertrain Market, Revenue and Forecast to 2027 – by Product Type (US$ Mn)
Table 21. Netherlands EV Powertrain Market, Revenue and Forecast to 2027 – by Application (US$ Mn)
Table 22. Slovakia EV Powertrain Market, Revenue and Forecast to 2027 – by Product Type (US$ Mn)
Table 23. Slovakia EV Powertrain Market, Revenue and Forecast to 2027 – by Application (US$ Mn)
Table 24. Rest of Europe EV Powertrain Market, Revenue and Forecast to 2027 – by Product Type (US$ Mn)
Table 25. Rest of Europe EV Powertrain Market, Revenue and Forecast to 2027 – by Application (US$ Mn)
Table 26. APAC EV Powertrain Market, Revenue and Forecast to 2027 – by Product Type (US$ Mn)
Table 27. APAC EV Powertrain Market, Revenue and Forecast to 2027 – by Application (US$ Mn)
Table 28. China EV Powertrain Market, Revenue and Forecast to 2027 – by Product Type (US$ Mn)
Table 29. China EV Powertrain Market, Revenue and Forecast to 2027 – by Application (US$ Mn)
Table 30. India EV Powertrain Market, Revenue and Forecast to 2027 – by Product Type (US$ Mn)
Table 31. India EV Powertrain Market, Revenue and Forecast to 2027 – by Application (US$ Mn)
Table 32. Japan EV Powertrain Market, Revenue and Forecast to 2027 – by Product Type (US$ Mn)
Table 33. Japan EV Powertrain Market, Revenue and Forecast to 2027 – by Application (US$ Mn)
Table 34. South Korea EV Powertrain Market, Revenue and Forecast to 2027 – by Product Type (US$ Mn)
Table 35. South Korea EV Powertrain Market, Revenue and Forecast to 2027 – by Application (US$ Mn)
Table 36. RoW EV Powertrain Market, Revenue and Forecast to 2027 – by Product Type (US$ Mn)
Table 37. RoW EV Powertrain Market, Revenue and Forecast to 2027 – by Application (US$ Mn)
Table 38. Glossary of Term: EV Powertrain Market
LIST OF FIGURES
Figure 1. EV Powertrain Market Segmentation
Figure 2. EV Powertrain Market Segmentation - Geography
Figure 3. EV Powertrain Market Overview
Figure 4. EV Powertrain Market, by Geography
Figure 5. EV Powertrain Market, By Product Type
Figure 6. EV Powertrain Market : Competition Landscape
Figure 7. North America- PEST Analysis
Figure 8. Europe- PEST Analysis
Figure 9. APAC - PEST Analysis
Figure 10. RoW - PEST Analysis
Figure 11. EV Powertrain Market Ecosystem Analysis
Figure 12. EV Powertrain Market Impact Analysis of Drivers and Restraints
Figure 13. Global EV Powertrain Market
Figure 14. Global EV Powertrain Market, Forecast and Analysis, (US$ Mn)
Figure 15. Global EV Powertrain Market Breakdown, by Product Type, 2018 and 2027 (%)
Figure 16. Series Hybrid Powertrain Market, Revenue and Forecast to 2027 (US$ Mn)
Figure 17. Battery Electric Vehicle Powertrain Market, Revenue and Forecast to 2027 (US$ Mn)
Figure 18. Series-Parallel Hybrid Powertrain Market, Revenue and Forecast to 2027 (US$ Mn)
Figure 19. Mild Hybrid Powertrain Market, Revenue and Forecast to 2027 (US$ Mn)
Figure 20. Parallel Hybrid Powertrain Market, Revenue and Forecast to 2027 (US$ Mn)
Figure 21. EV Powertrain Market Breakdown, by Application, 2018 and 2027 (%)
Figure 22. Passenger Cars Market, Revenue and Forecast to 2027 (US$ Mn)
Figure 23. Commercial Vehicles Market, Revenue and Forecast to 2027 (US$ Mn)
Figure 24. EV Powertrain Market Revenue Share, by Region, 2018 and 2027
Figure 25. North America EV Powertrain Market, Revenue and Forecast to 2027 (US$ Mn)
Figure 26. North America EV Powertrain Market Breakdown, by Product Type, 2018 and 2027 (%)
Figure 27. North America EV Powertrain Market Breakdown, by Application, 2018 and 2027 (%)
Figure 28. North America EV Powertrain Market Breakdown, by Country, 2018 and 2027 (%)
Figure 29. US EV Powertrain Market, Revenue and Forecast to 2027 (US$ Mn)
Figure 30. Canada EV Powertrain Market, Revenue and Forecast to 2027 (US$ Mn)
Figure 31. Mexico EV Powertrain Market, Revenue and Forecast to 2027 (US$ Mn)
Figure 32. Europe EV Powertrain Market, Revenue and Forecast to 2027 (US$ Mn)
Figure 33. Europe EV Powertrain Market Breakdown, by Product Type, 2018 and 2027 (%)
Figure 34. Europe EV Powertrain Market Breakdown, by Application, 2018 and 2027 (%)
Figure 35. Europe EV Powertrain Market Breakdown, by Country, 2018 and 2027(%)
Figure 36. Germany EV Powertrain Market, Revenue and Forecast to 2027 (US$ Mn)
Figure 37. France EV Powertrain Market, Revenue and Forecast to 2027 (US$ Mn)
Figure 38. Sweden EV Powertrain Market, Revenue and Forecast to 2027 (US$ Mn)
Figure 39. UK EV Powertrain Market, Revenue and Forecast to 2027 (US$ Mn)
Figure 40. Netherlands EV Powertrain Market, Revenue and Forecast to 2027 (US$ Mn)
Figure 41. Slovakia EV Powertrain Market, Revenue and Forecast to 2027 (US$ Mn)
Figure 42. Rest of Europe EV Powertrain Market, Revenue and Forecast to 2027 (US$ Mn)
Figure 43. APAC EV Powertrain Market, Revenue and Forecast to 2027 (US$ Mn)
Figure 44. APAC EV Powertrain Market Breakdown, by Product Type, 2018 and 2027 (%)
Figure 45. APAC EV Powertrain Market Breakdown, by Application, 2018 and 2027 (%)
Figure 46. APAC EV Powertrain Market Breakdown, by Country, 2018 and 2027(%)
Figure 47. China EV Powertrain Market, Revenue and Forecast to 2027 (US$ Mn)
Figure 48. India EV Powertrain Market, Revenue and Forecast to 2027 (US$ Mn)
Figure 49. Japan EV Powertrain Market, Revenue and Forecast to 2027 (US$ Mn)
Figure 50. South Korea EV Powertrain Market, Revenue and Forecast to 2027 (US$ Mn)
Figure 51. RoW EV Powertrain Market, Revenue and Forecast to 2027 (US$ Mn)
Figure 52. RoW EV Powertrain Market Breakdown, by Product Type, 2018 and 2027 (%)
Figure 53. RoW EV Powertrain Market Breakdown, by Application, 2018 and 2027 (%)
The List of Companies - EV Powertrain Market
- Continental AG
- Robert Bosch GmbH
- Cummins, Inc.
- Maxim Integrated Products, Inc.
- Magna International Inc.
- Tata Elxsi
- Dana Limited
- Valeo SA
- Mahle GmbH
- ZF Friedrichshafen AG
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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