Electric Powertrain Market Size, Share, and Growth Analysis

Global Electric Powertrain Market

Electric Powertrain Market By Component (Electric Motor, Battery), By Propulsion Type (Battery Electric Vehicle (BEV), Hybrid Electric Vehicle (HEV)), By Vehicle Type, By Integration Type, By Vehicle Class, By Region - Industry Forecast 2025-2032


Report ID: SQMIG25A2460 | Region: Global | Published Date: June, 2025
Pages: 186 |Tables: 90 |Figures: 71

Format - word format excel data power point presentation

Electric Powertrain Market Insights

Global Electric Powertrain Market size was valued at USD 192.6 billion in 2023 and is poised to grow from USD 244.79 billion in 2024 to USD 1667.12 billion by 2032, growing at a CAGR of 27.1% during the forecast period (2025-2032).

Governments across the globe are mandating tougher emission regulations in order to reduce the effects of global warming and air pollution. Rules such as the EU's Euro 7 regulations and China's NEV requirements compel automakers to shift from internal combustion engines (ICEs) to electric powertrains. Such regulatory pressure compels OEMs to spend on EV development, creating demand for electric powertrain products such as motors, inverters, and battery systems. With higher non-compliance penalties, automakers hasten EV output, leading to market growth.

Improved lithium-ion battery efficiency enhances EV range, performance, and affordability. Increased energy density lowers battery weight, and quicker charging options enhance convenience. Economies of scale and new materials such as solid-state electrolytes reduce the cost of producing batteries, lowering EV prices to compete with gasoline cars. Increased consumer adoption with improving battery technology drives the growth of the global electric powertrain market.

How does AI Improve Battery Efficiency in Electric Powertrains?

AI is revolutionizing electric powertrains by optimizing energy management, making batteries more efficient, and driving vehicle performance. Machine learning software interprets driver behavior and road conditions to regulate power distribution for maximum range and efficiency. Predictive maintenance with AI minimizes downtime by identifying potential motor, inverter, and battery failures before they happen. Among major developments is Tesla's AI-enabled Drive Unit Efficiency Optimization, unveiled in 2024, where real-time analysis enhances motor management and thermal operation. This improves EV performance and lifespan, speeds up market traction, and enforces AI as a driving factor behind electric powertrain innovation.

Graz University of Technology researchers launched in January 2025 the OPED (Optimization of Electric Drives) software, a system based on artificial intelligence which automates the design of electric powertrains. This significantly cuts development costs and time while optimizing components such as power electronics, electric motors, and transmissions at the same time.

How do Startups are Accelerating EV Transition Around the World?

The global electric powertrain market is witnessing an accelerated growth with the advancements in technology and transition towards green mobility. Startups play a critical role in this transformation, presenting new solutions that improve the performance, efficiency, and environmental-friendliness of vehicles. Startups concentrate on emerging areas like sophisticated motor designs, energy storage systems, and charging technologies to make a greater impact on the use of EVs globally.

Founded in 2021, DeepDrive specializes in high-efficiency electric motors with cost-effective designs. Its flagship dual-rotor electric motor enhances efficiency while reducing production costs by 30%, using fewer rare-earth materials. This enables manufacturers to produce affordable EVs with greater range. DeepDrive's master innovation—its U-shaped dual-rotor architecture—maximizes power density while reducing material waste, making EV propulsion more sustainable. This innovation has direct impacts on EV affordability and performance, accelerating widespread adoption.

Established in the year 2020, Exponent Energy specializes in super-fast EV charging solutions, eliminating range anxiety. Its e^pack battery and e^pump charging point charge to 0-100% in only 15 minutes with standard lithium-ion cells. Exponent's technology avoids battery degradation by reducing overheating and lithium plating compared to traditional fast charging. The technology provides long-lasting, low-cost battery packs, which makes EVs a more feasible option for commercial fleets and mass market users in developing markets.

Market snapshot - 2025-2032

Global Market Size

USD 192.6 billion

Largest Segment

Battery

Fastest Growth

E-Motor

Growth Rate

27.1% CAGR

Global Electric Powertrain Market ($ Bn)
Country Share by Asia Pacific (%)

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Electric Powertrain Market Segments Analysis

Global Electric Powertrain Market is segmented by Component, Propulsion Type, Vehicle Type, Integration Type, Vehicle Class, Drive Type, Sales Channel and region. Based on Component, the market is segmented into Electric Motor, Battery, Battery Management System (BMS), Controller, DC/AC Inverter, DC/DC Converter, Power Distribution Module, On-Board Charger, Regenerative Braking System, Idle Start-Stop System and Others. Based on Propulsion Type, the market is segmented into Battery Electric Vehicle (BEV), Hybrid Electric Vehicle (HEV), Plug-in Hybrid Electric Vehicle (PHEV), 48V Mild Hybrid Vehicle (MHEV) and Fuel Cell Electric Vehicle (FCEV). Based on Vehicle Type, the market is segmented into Passenger Vehicles, Commercial Vehicles, Electric Two-Wheelers and Electric Scooters & E-Bikes. Based on Integration Type, the market is segmented into Series Hybrid Powertrain, Parallel Hybrid Powertrain and Series-Parallel Hybrid Powertrain. Based on Vehicle Class, the market is segmented into Mid-Priced Vehicles and Luxury Vehicles. Based on Drive Type, the market is segmented into Front Wheel Drive (FWD), Rear Wheel Drive (RWD) and All Wheel Drive (AWD). Based on Sales Channel, the market is segmented into Original Equipment Manufacturer (OEM) and Aftermarket. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

How do Batteries Influence EV Range, Efficiency, and Cost-effectiveness?

The battery component in the global electric powertrain market is dominating with innovations in solid-state batteries, fast-charging technology, and higher energy density materials like silicon anodes. Thermal management and AI-optimized battery advances improve performance and longevity. Batteries lead the market as their impact on EV range, efficiency, and cost-effectiveness makes them the key enabler of electrification and driving worldwide EV deployment.

The E-Motor component is set to be the fastest-growing segment in the global electric powertrain market due to rising demand for high-efficiency motors, innovations in axial flux and dual-rotor designs, and reduced reliance on rare-earth materials. Advancements in power density and cost-effectiveness further accelerate adoption, making E-Motors crucial for next-gen EVs.

What Key Innovations are Driving Advancements in BEV Propulsion?

Battery Electric Vehicle (BEV) propulsion is dominating the global electric powertrain market with solid-state batteries, ultra-fast charging, and Artificial Intelligence (AI)-managed energy management, reducing efficiency and increasing range. Lightweight technology and regenerative braking further enhance performance. BEV drive leads the market due to zero emissions, reduced operating expenses, and government subsidies, and hence is the preferred option for automakers and customers in the world's transition toward green transportation.

Hybrid Electric Vehicle (HEV) drive is expected to be the fastest-growing in the global electric powertrain market with its equilibrium between fuel economy and lower emissions. Advances in regenerative braking, battery optimization, and dual-power systems make it more performance-oriented. HEVs are popular among consumers looking for greater range and less fuel dependence, and hence they are being adopted very quickly in world markets.

Global Electric Powertrain Market By Component (%)

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Electric Powertrain Market Regional Insights

Why is Asia-Pacific Considered the Hub of Electric Powertrain Innovation?

Asia-Pacific leads the global electric powertrain market, due to robust EV take-up in China, Japan, and South Korea. Government subsidies, growing charging networks, and technological innovation in batteries and motors drive expansion. Gigantic players invest in R&D for cost-effective, high-performing technologies. With a roaring automotive sector and increasing sustainability pursuits, Asia-Pacific remains the nerve center of electric powertrain tech and mass-produced EV manufacturing.

Japan Electric Powertrain Market

Japan is a leader in the Asia Pacific’s electric powertrain market, driven by automotive giants like Toyota, Nissan, and Honda. The nation invests in hybrid and battery-electric powertrains, driving innovation in solid-state batteries and e-motors. Supportive government policies, heavy R&D, and partnerships with battery makers such as Panasonic drive efficiency and range. Japan's precision engineering and energy management strengths lead the world in electric powertrain development and EV sales.

South Korea Electric Powertrain Market

South Korea is fastest growing country in the Asia Pacific’ electric powertrain market, courtesy of Hyundai, Kia, and top-notch battery makers such as LG Energy Solution and Samsung SDI. South Korea is a world leader in next-generation battery technology, ultra-fast charging, and high-performance power electronics. Government incentives, robust supply chains, and AI-optimized energy all play roles in making South Korea the world's leader in EV innovation and high-performance electric powertrains.

What role does the European Commission play in Carrier Aggregation Solution Adoption?

Europe is a major region in the global electric powertrain market, driven by stringent emissions regulations, government incentives, and a strong push for EV adoption. Germany, France, and the UK are the leaders in R&D, battery manufacturing, and e-motor technology. Auto manufacturers spend big on next-generation propulsion systems, with increasing charging infrastructure driving expansion. Europe's focus on sustainability and innovation secures its position as a leader in electric mobility and powertrain technologies.

Germany Electric Powertrain Market

Germany dominates the Europe’s electric powertrain market with its leading automakers, Volkswagen, BMW, and Mercedes-Benz. Germany is a leader in e-motor technology, battery R&D, and power electronics. Domestic EV battery production is promoted by government policies and investments in giga factories. Through firm engineering know-how and partnerships between automakers and technology companies, Germany is key to driving advanced high-performance efficient electric powertrain technologies worldwide.

UK Electric Powertrain Market

The UK is an emerging country in the Europe’s electric powertrain industry, with considerable government support for EV innovation. Jaguar Land Rover and Arrival are among the companies that propel innovation in battery systems, lightweight powertrains, and hydrogen fuel cells. Investments in gigafactories, cutting-edge battery recycling, and AI-driven powertrain optimization establish the UK as a center of next-generation EV technologies and eco-friendly transport solutions.

Why is Local Battery Manufacturing Important for North America's EV Market?

North America is steadily growing in the global electric powertrain market, spurred by high EV demand in the U.S. and Canada. Leaders such as Tesla, GM, and Ford dominate the high-performance battery, e-motor, and power electronics innovation space. Government subsidies, increasing charging infrastructure, and developments in AI-based energy management drive growth. North America's emphasis on sustainability, local battery manufacturing, and autonomous EV development enhances its global market position.

US Electric Powertrain Market

The U.S. is dominating the North America electric powertrain market, led by Tesla, GM, and Ford. The nation leads in battery technology, artificial intelligence-based energy management, and high-performance e-motors. Government policies, large-scale investments in gigafactories, and the widening of charging infrastructure accelerate growth. Innovation in autonomous EV powertrains and R&D on solid-state batteries puts the U.S. at the forefront of the next generation of electric mobility solutions globally.

Canada Electric Powertrain Market

Canada is the fastest growing country in the North America's electric powertrain market, due to huge reserves of raw materials like lithium, nickel, and cobalt, which are all essential for manufacturing batteries. Industry leaders such as Magna International lead the development of e-motor efficiency and power electronics. EV adoption-friendly government policies and domestic battery production make Canada a dominant supplier and technology center for North America's electric powertrain sector.

Global Electric Powertrain Market By Geography
  • Largest
  • Fastest

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Electric Powertrain Market Dynamics

Electric Powertrain Market Drivers

Rising Government Regulations and Incentives

  • Governments worldwide are enforcing strict emission norms and offering incentives to accelerate EV adoption. Regulations like tax incentives, subsidies, and ICE phase-outs fuel global electric powertrain market growth. These policies compel carmakers to spend on high-performance, efficient battery and e-motor technology, accelerating market growth.

Expansion of Charging Infrastructure

  • The rapid expansion of global charging networks reduces range anxiety and increases EV adoption. Governments and private enterprises are heavily investing in wireless and ultra-fast charging technologies. With increasing availability and convenience of charging, electric powertrain demand increases, prompting automakers to create sophisticated propulsion systems to address increasing market demands.

Electric Powertrain Market Restraints

Inadequate Charging Infrastructure in Emerging Markets

  • While charging networks are expanding in developed regions, many emerging markets still lack sufficient infrastructure. Limited access to fast chargers and unstable power grids bring about range anxiety, deterring EV penetration. Without the availability of charging in a larger number of places, electric powertrain demand remains limited, hindering market penetration in major global markets.

Performance Limitations in Extreme Conditions

  • Electric powertrains face efficiency challenges in extreme climates. Battery performance, along with range, suffers at low temperatures, while extreme heat hastens deterioration. Of these, the consumer's confidence for areas is limited; such is the environment experienced by someone living with very harsh weather conditions. Thermal management systems would, however, cost automotive manufacturers, but currently, limitations exist regarding electric powertrain adoption in full scale.

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Electric Powertrain Market Competitive Landscape

The global electric powertrain market is extremely competitive with major players such as Tesla, Bosch, Continental, BYD, and Magna International driving innovation in the market. Players concentrate on refined battery technology, high-efficient e-motors, and partnerships. Tesla dominates in AI-based battery management, Bosch bets on power electronics, whereas BYD vertically expands with in-house battery manufacturing, focusing on cost control as well as technological supremacy. Automakers also emphasize green manufacturing and local production for market leadership.

Top Player’s Company Profiles

  • Robert Bosch GmbH (Germany) 
  • Continental AG (Germany) 
  • Magna International Inc. (Canada) 
  • Hitachi Astemo Ltd. (Japan) 
  • BorgWarner Inc. (U.S.) 
  • ZF Friedrichshafen AG (Germany) 
  • Vitesco Technologies Group AG (Germany) 
  • Hyundai Motor Company (South Korea) 
  • GKN Automotive Limited (United Kingdom) 
  • Eaton Corporation plc (Ireland) 
  • Delta Electronics, Inc. (Taiwan) 
  • Valeo SA (France) 
  • Denso Corporation (Japan) 
  • Siemens AG (Germany) 
  • Toyota Motor Corporation (Japan) 
  • BYD Company Limited (China) 
  • Tesla, Inc. (U.S.) 
  • Nidec Corporation (Japan) 
  • Aisin Corporation (Japan)

Recent Developments in Electric Powertrain Market

  • In March 2025, BYD introduced its Super e-Platform, which enables 470 km of range with just a 5-minute charge. This advanced fast-charging technology resolves range anxiety and charging time concerns that are top of mind for consumers. BYD's innovation enhances its market competitiveness, promoting wider adoption of EVs through increased charging efficiency and consumer convenience.
  • In September 2024, Bosch announced a strategic push for hydrogen engine powertrains, targeting India and China. With increasing green hydrogen supply, Bosch sees an opportunity to transform commercial vehicle sustainability. Bosch is planning partnerships with regional manufacturers to embed hydrogen fuel technology into powertrains, cutting emissions while delivering powertrain efficiency in major high-growth automotive markets.
  • In March 2024, Nio expanded its battery-swapping network by launching a new swapping station along the G50 Shanghai-Chongqing highway. This innovation enables EV owners to exchange exhausted batteries within less than five minutes, greatly enhancing convenience. The upgrade enhances China's EV network, promoting range confidence and lowering downtime for electric vehicle consumers.

Electric Powertrain Key Market Trends

Electric Powertrain Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

As per SkyQuest analysis, the global electric powertrain industry is in a fundamental transition, fueled by stringent emission regulations, the pace of battery technology development, and AI-led innovations. Governments across the globe are implementing policies compelling automakers to drive electrification, boosting demand for high-efficiency motors, inverters, and energy storage systems. Advances in lithium-ion and solid-state battery technologies are improving the range, price point, and charging speed of EVs, accelerating electric mobility.

At the same time, entrepreneurs such as DeepDrive and Exponent Energy are speeding up innovation with affordable motors and super-fast charging technologies. With Asia-Pacific dominating EV manufacturing and North America and Europe committing significantly to green mobility, the electric powertrain industry worldwide is on the verge of explosive growth, transforming transport and setting the stage for a cleaner future.

Report Metric Details
Market size value in 2023 USD 192.6 billion
Market size value in 2032 USD 1667.12 billion
Growth Rate 27.1%
Base year 2024
Forecast period 2025-2032
Forecast Unit (Value) USD Billion
Segments covered
  • Component
    • Electric Motor
    • Battery
    • Battery Management System (BMS)
    • Controller
    • DC/AC Inverter
    • DC/DC Converter
    • Power Distribution Module
    • On-Board Charger
    • Regenerative Braking System
    • Idle Start-Stop System
    • Others
  • Propulsion Type
    • Battery Electric Vehicle (BEV)
    • Hybrid Electric Vehicle (HEV)
    • Plug-in Hybrid Electric Vehicle (PHEV)
    • 48V Mild Hybrid Vehicle (MHEV)
    • Fuel Cell Electric Vehicle (FCEV)
  • Vehicle Type
    • Passenger Vehicles
    • Commercial Vehicles
    • Electric Two-Wheelers
    • Electric Scooters & E-Bikes
  • Integration Type
    • Series Hybrid Powertrain
    • Parallel Hybrid Powertrain
    • Series-Parallel Hybrid Powertrain
  • Vehicle Class
    • Mid-Priced Vehicles
    • Luxury Vehicles
  • Drive Type
    • Front Wheel Drive (FWD)
    • Rear Wheel Drive (RWD)
    • All Wheel Drive (AWD)
  • Sales Channel
    • Original Equipment Manufacturer (OEM)
    • Aftermarket
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Robert Bosch GmbH (Germany) 
  • Continental AG (Germany) 
  • Magna International Inc. (Canada) 
  • Hitachi Astemo Ltd. (Japan) 
  • BorgWarner Inc. (U.S.) 
  • ZF Friedrichshafen AG (Germany) 
  • Vitesco Technologies Group AG (Germany) 
  • Hyundai Motor Company (South Korea) 
  • GKN Automotive Limited (United Kingdom) 
  • Eaton Corporation plc (Ireland) 
  • Delta Electronics, Inc. (Taiwan) 
  • Valeo SA (France) 
  • Denso Corporation (Japan) 
  • Siemens AG (Germany) 
  • Toyota Motor Corporation (Japan) 
  • BYD Company Limited (China) 
  • Tesla, Inc. (U.S.) 
  • Nidec Corporation (Japan) 
  • Aisin Corporation (Japan)
Customization scope

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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Electric Powertrain Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Electric Powertrain Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Electric Powertrain Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Electric Powertrain Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Electric Powertrain Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Electric Powertrain Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

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FAQs

Global Electric Powertrain Market size was valued at USD 13.04 Billion in 2023 poised to grow from USD 16.17 Billion in 2024 to USD 90.38 Billion by 2032, growing at a CAGR of 24% in the forecast period (2025-2032).

The global electric powertrain market is extremely competitive with major players such as Tesla, Bosch, Continental, BYD, and Magna International driving innovation in the market. Players concentrate on refined battery technology, high-efficient e-motors, and partnerships. Tesla dominates in AI-based battery management, Bosch bets on power electronics, whereas BYD vertically expands with in-house battery manufacturing, focusing on cost control as well as technological supremacy. Automakers also emphasize green manufacturing and local production for market leadership. 'Tesla (USA)', 'Bosch (Germany)', 'Continental AG (Germany)', ' BYD (China)', 'Magna International (Canada)', 'ZF Friedrichshafen (Germany)', ' Siemens (Germany)', ' Valeo (France)', ' Hitachi Astemo (Japan)', ' Denso Corporation (Japan)', 'Mitsubishi Electric (Japan)', 'GKN Automotive (United Kingdom)', 'BorgWarner (USA)', 'Samsung SDI (South Korea)', 'LG Energy Solution (South Korea)'

Governments worldwide are enforcing strict emission norms and offering incentives to accelerate EV adoption. Regulations like tax incentives, subsidies, and ICE phase-outs fuel global electric powertrain market growth. These policies compel carmakers to spend on high-performance, efficient battery and e-motor technology, accelerating market growth.

Rise of Next-Gen Solid-State Batteries: Solid-state batteries are emerging as a game-changer in electric powertrains, offering higher energy density, faster charging, and improved safety over lithium-ion batteries. Automakers and battery makers are speeding up R&D spending to bring this innovation to market, potentially increasing EV range, boosting efficiency, and redefining the future of electric mobility.

Why is Asia-Pacific Considered the Hub of Electric Powertrain Innovation?

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