Automotive Powertrain Market size is expected to reach USD 1,125.66 billion by 2025
Automotive Powertrain Industry Overview The global automotive powertrain market size is expected to reach USD 1,125.66 billion by 2025, according to a new report by Grand View Research, Inc. The market is anticipated to register a CAGR of 11.6% from 2021 to 2025. The increasing demand for environment-friendly vehicles and increasingly stringent government regulations regarding vehicular emission are expected to favor the demand for automotive powertrains in the market. Moreover, technological advancements in powertrain systems to enhance the vehicle's efficiency are anticipated to boost market growth prospects over the forecast period. Automotive Powertrain Market Segmentation Grand View Research has segmented the global automotive powertrain market based on vehicle type, propulsion type, and region: Based on the Vehicle Type Insights, the market is segmented into Passenger Vehicle and Commercial Vehicle The passenger vehicle segment accounted fo...