Automotive Electric Drivetrain Components Market to Witness Remarkable Growth 2022-2027

Automotive Electric Drivetrain Components Market to Witness Remarkable Growth 2022-2027

Latin America automotive electric drivetrain components market is projected to expand at about 20% CAGR through 2027. Increasing initiatives to adopt electric vehicles for public conveyance in LATAM is set to foster regional market outlook in the forthcoming years.

An electric drivetrain encompasses various components, including power electronics, traction motors, and batteries, among others. Following the COVID-19 outbreak, there was an upsurge in consumer interest in owning private vehicles to protect against exposure to the novel coronavirus on public transport. Notably, rising climate consciousness and soaring awareness pertaining to sustainable mobility have boosted consumer interest in electric vehicles.

 

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 Moreover, the onset of COVID-19 disrupted the global supply chain, bringing essentially all industries to a halt. However, with successful vaccination drives as well as high government focus on accelerating post-COVID economic recovery have helped the automotive electric drivetrain components market regain its pre-covid momentum. Furthermore, supportive government initiatives to promote the uptake of electric vehicles to lower the carbon emissions of the automotive industry has further boosted the demand for electric vehicles. As a result, escalating adoption of electric vehicles has propelled product demand in recent years.

The automotive electric drivetrain components market is expected to see robust growth through 2027 owing to soaring prevalence of electric vehicles across the globe. Additionally, increased emphasis on reducing the carbon footprint of the automotive sector is primed to further support market growth through the forecast period.

The automotive electric drivetrain components market has been segmented in terms of components, vehicle type, sales channel, and region. Based on components, the market has further been categorized into DC/DC converter, electric drive module, thermal system, battery packs, power distribution module (PDM), DC/AC inverter, and others.

The electric drive module sub-segment is slated to witness notable expansion at approximately 25% CAGR through the assessment timeframe. Mounting adoption of non-conventional vehicles is likely to bolster product uptake in the coming years.

With respect to vehicle type, the automotive electric drivetrain components market has been segregated into hybrid electric vehicle (HEV), fuel cell electric vehicle (FCEV), plug-in hybrid electric vehicle (PHEV), and battery electric vehicle (BEV). The plug-in hybrid electric vehicle (PHEV) sub-segment is estimated to attain more than 10% revenue share in the industry by 2027, growing at a steady CAGR through the review period. Superior range offered by these vehicles is poised to augment segmental development over the following years.

By sales channel, the automotive electric drivetrain components market has been divided into aftermarket and OEM. The aftermarket sub-segment is anticipated to progress at a CAGR of around 30% through the analysis timeline to reach a sizable valuation by the end of 2027.

 

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Partial Chapter of the Table of Content

Chapter 4   Automotive Electric Drivetrain Components Market, By Components

4.1    Global market insights, by components

4.2    Electric drive module

4.2.1    Global market estimates and forecasts, 2017 - 2027

4.2.2    Market estimates and forecast, by region, 2017 - 2027

4.3    DC/DC converter

4.3.1    Global market estimates and forecasts, 2017 - 2027

4.3.2    Market estimates and forecast, by region, 2017 - 2027

4.4    Battery packs

4.4.1    Global market estimates and forecasts, 2017 - 2027

4.4.2    Market estimates and forecast, by region, 2017 - 2027

4.5    Thermal system

4.5.1    Global market estimates and forecasts, 2017 - 2027

4.5.2    Market estimates and forecast, by region, 2017 - 2027

4.6    DC/AC inverter

4.6.1    Global market estimates and forecasts, 2017 - 2027

4.6.2    Market estimates and forecast, by region, 2017 - 2027

4.7    Power distribution module (PDM)

4.7.1    Global market estimates and forecasts, 2017 - 2027

4.7.2    Market estimates and forecast, by region, 2017 - 2027

4.8    Others

4.8.1    Global market estimates and forecasts, 2017 - 2027

4.8.2    Market estimates and forecast, by region, 2017 - 2027

Chapter 5   Automotive Electric Drivetrain Components Market, By Vehicle

5.1    Global market insights, by vehicle

5.2    Battery electric vehicle (BEV)

5.2.1    Global market estimates and forecasts, 2017 - 2027

5.2.2    Market estimates and forecast, by region, 2017 – 2027

5.3    Hybrid electric vehicle (HEV)

5.3.1    Global market estimates and forecasts, 2017 - 2027

5.3.2    Market estimates and forecast, by region, 2017 - 2027

5.4    Plug-in hybrid electric vehicle (PHEV)

5.4.1    Global market estimates and forecasts, 2017 - 2027

5.4.2    Market estimates and forecast, by region, 2017 - 2027

5.5    Fuel cell electric vehicle (FCEV)

5.5.1    Global market estimates and forecasts, 2017 - 2027

5.5.2    Market estimates and forecast, by region, 2017 - 2027

Chapter 6   Automotive Electric Drivetrain Components Market, By Sales Channel

6.1    Global market insights, by sales channel

6.2    OEM

6.2.1    Global market estimates and forecasts, 2017 - 2027

6.2.2    Market estimates and forecast, by region, 2017 - 2027

6.3    Aftermarket

6.3.1    Global market estimates and forecasts, 2017 - 2027

6.3.2    Market estimates and forecast, by region, 2017 – 2027

 

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