[Start of Market Research Report Handling] Global Automotive Powertrain Market Report 2023-2030

The global market for automotive powertrains, estimated at $834.5 billion in 2023, is projected to reach $1.6 trillion by 2030, with a CAGR of 9.4% during the analysis period from 2023 to 2030. One of the segments analyzed in this report, all-wheel drive (AWD) powertrains, is expected to record a CAGR of 10.6%, reaching $351.3 billion by the end of the analysis period. The growth rate for front-wheel drive (FF) powertrains is estimated to have a CAGR of 9.4% during the analysis period.
The automotive powertrain market in the United States is estimated to be $225.4 billion in 2023. China, the world's second-largest economy, is projected to reach a market size of $348.4 billion by 2030, with a CAGR of 13.3% during the analysis period from 2023 to 2030. Other notable regional markets include Japan and Canada, with projected CAGRs of 6.6% and 7.5%, respectively, during the analysis period. In Europe, Germany is expected to grow at a CAGR of approximately 7.3%.
■ Issued by
Global Industry Analysts, Inc.

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