How big is the Electric Vehicle Powertrain Market?

The Electric Vehicle Powertrain Market size is expected to reach USD 188.19 billion in 2024 and grow at a CAGR of 17.70% to reach USD 425.10 billion by 2029. Read More

What is the current Electric Vehicle Powertrain Market size?

In 2024, the Electric Vehicle Powertrain Market size is expected to reach USD 188.19 billion. Read More

Who are the key players in Electric Vehicle Powertrain Market?

GKN PLC, Magna International, Hitachi Automotive Systems Ltd, Robert Bosch and Cummins Inc. are the major companies operating in the Electric Vehicle Powertrain Market. Read More

Which is the fastest growing region in Electric Vehicle Powertrain Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Electric Vehicle Powertrain Market?

In 2024, the Asia Pacific accounts for the largest market share in Electric Vehicle Powertrain Market. Read More

What years does this Electric Vehicle Powertrain Market cover, and what was the market size in 2023?

In 2023, the Electric Vehicle Powertrain Market size was estimated at USD 154.88 billion. The report covers the Electric Vehicle Powertrain Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Electric Vehicle Powertrain Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Electric Vehicle Powertrain Market Report | Industry Analysis, Size & Forecast

Electric Vehicle Powertrain Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The EV Powertrain Market Report is Segmented by Component Type (Transmission, Motors, and Battery), Propulsion Type (Battery Electric Vehicle and Plug-In Hybrid Electric Vehicle), Vehicle Type (Passenger Car and Commercial Vehicle), and Geography (North America, Europe, Asia-Pacific, and Rest of the World). The Report Offers Market Size and Forecasts for Electric Vehicle Powertrains in Terms of Value (USD) for all the Above Segments.

Electric Vehicle Powertrain Industry Overview

Few players, such as Robert Bosch GmbH, ZF Friedrichshafen AG, Cummins Inc., Dana Incorporated, GKN PLC, and Magna International, dominate the electric vehicle powertrain market. The players are making partnerships, acquisitions, launching new products, and investing to be ahead of the competition.

June 2023: Zhongshan Broad-ocean Motor Co. Ltd announced plans to build the "Broad-ocean Motor New Energy Vehicle Powertrain System and Parts (Chongqing) R&D and Manufacturing Site" in Chongqing's Yubei District. The project is planned to have a project company established in an area under the jurisdiction of the Chongqing Innovation Economy with a total investment of about CNY 1 billion (USD 139.9 million) and a land area of about 73,333 sq.m.