Global Powertrain Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2020

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Global Powertrain Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020

Published Date 2015-04-02

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Powertrain Market is expected to reach USD 524.60 Billion in 2020

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Global Powertrain Market

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Global Powertrain Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2020

This market research study analyzes the powertrain market on a global level and provides estimates in terms of revenue (USD billion) from 2014 to 2020. It gives a comprehensive overview of the powertrain industry from all the important aspects of the market. It recognizes the drivers and restraints affecting the industry and analyzes their impact over the forecast period. Moreover, it identifies the significant opportunities for market growth in the coming years.

Powertrain systems find application across various automobile segments including cars, LCV’s (light commercial vehicle), HCV’s (heavy commercial vehicle), off-road vehicles, construction equipments, defense vehicles and farm tractors. Powertrain is the one of the primary components as it powers the entire system.

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http://www.transparencymarketresearch.com/global-powertrain-market.html

The exponential growth in demand for automobiles is due to increasing amount of disposable income in developing countries of Asia Pacific. This is one of the major factors fueling the demand in the powertrain market. Furthermore, the increasing awareness about environmental pollution is also boosting the growth of fuel efficient powertrains globally. Engine, differentials, drive shafts, transmission and final drive are some of the major...