Sales Revenue of Automotive Electric Drivetrain Components to Substantially Increase During the Forecast Period Owing to Rapid Adoption Across Key Industries

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.
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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.
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 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 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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On the regional spectrum, the Latin America automotive electric drivetrain components market is projected to expand at about 20% CAGR over the forecast period. Increasing initiatives to adopt electric vehicles for public conveyance in LATAM is set to foster regional market outlook in the forthcoming years.
Report Content
Chapter 1   Methodology and Scope
1.1    Market definitions
1.2    Base estimation & working
1.2.1    North America
1.2.2    Europe
1.2.3    Asia Pacific (APAC)
1.2.4    Latin America (LATAM)
1.2.5    Middle East & Africa (MEA)
1.3    Forecast calculations
1.3.1    COVID-19 impact calculations on industry forecast
1.4    Data Sources
1.4.1    Primary
1.4.2    Secondary
Chapter 2   Executive Summary
2.1    Global automotive electric drivetrain components industry 360° synopsis, 2017 - 2027
2.1.1    Business trends
2.1.2    Components trends
2.1.3    Vehicle trends
2.1.4    Sales channel trends
2.1.5    Regional trends
Chapter 3   Global Automotive Electric Drivetrain Components Industry Insights
3.1    Industry segmentation
3.2    Industry landscape, 2017 – 2027
3.2.1    COVID-19 impact on automotive electric drivetrain components industry
3.3    Industry ecosystem analysis
3.3.1    Raw material suppliers
3.3.2    Component manufacturers
3.3.3    Distribution channel analysis
3.3.4    Value addition at each stage
3.3.5    Vendor matrix
3.3.5.1    List of key automotive electric drivetrain components manufactures
3.3.5.2    List of key/potential customers
3.4    Pricing analysis (including COVID-19 impact)
3.4.1    Regional price trends
3.4.2    Cost structure analysis, 2020
3.5    Innovation & sustainability
3.5.1    Technology landscape
3.5.2    Future trends
3.6    Vehicle electrification scenario
3.6.1    North America
3.6.2    Europe
3.6.3    Asia Pacific (APAC)
3.6.4    Latin America (LATAM)
3.6.5    Middle East & Africa (MEA)
3.7    Regulatory landscape
3.7.1    U.S
3.7.2    Europe
3.7.3    China
3.8    Industry impact forces
3.8.1    Growth drivers
3.8.1.1    Increasing financial incentive and spending for supporting infrastructure
3.8.1.2    Stringent emission regulations and initiatives to reduce carbon footprint
3.8.1.3    Presence of multiple automotive OEMs along with investments for technology advancements
3.8.1.4    Increasing requirement for clean mobility & transportation solutions
3.8.2    Industry pitfalls & challenges
3.8.2.1    Lack of charging infrastructure
3.8.2.2    High battery cost and supply chain constraints
3.9    Growth potential analysis, 2020
3.10    Porter’s analysis
3.11    Competitive landscape
3.11.1    Top player’s analysis, 2020
3.11.2    Strategy dashboard
3.12    PESTLE analysis
3.13    COVID-19 impact on automotive industry
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