Automotive Drivetrain Market Size, Share, Growth Analysis, By Drive Type(All-Wheel Drive, Front Wheel Drive), By Vehicle Type(Passenger Car, Commercial Vehicle) - Industry Forecast 2024-2031

Automotive Drivetrain Market size was valued at USD 345.42 billion in 2021 and is poised to grow from USD 370.32 billion in 2022 to USD 646.35 billion by 2030, growing at a CAGR of 7.21% during the forecast period (2023-2030).

The Automotive Drivetrain, also known as the powertrain or driveline, is responsible for transmitting power to the driving wheels of vehicles, enabling their movement, engine performance, and wheel operation. This system incorporates various components like wheels, drive shafts, U-joints, and CV joints. It offers improved vehicle performance and fuel efficiency. The market's growth is driven by the increasing demand for automobiles that provide enhanced driving experiences, comfort, and safety. Additionally, the rise of electric vehicles has further boosted the sales of automotive drivetrain systems, as countries support their production and sales through strict regulations, subsidies, tax credits, and other incentives. Moreover, the adoption of lightweight driveshafts for better fuel efficiency and performance contributes to a positive market outlook.

The market for automotive drivetrain systems is experiencing substantial growth due to the growing consumer demand for vehicles that offer enhanced driving experience, comfort, and safety. Additionally, the increasing popularity of electric vehicles is driving the sales of automotive drivetrain systems, as these vehicles require specialized drivetrain components to function efficiently.

US Automotive Drivetrain Market is poised to grow at a sustainable CAGR for the next forecast year.