Automotive Drivetrain Market Report

The rising sales rate of electric vehicles (EVs), continuous technological developments, and the increasing demand for lightweight driveshafts represent some of the key factors driving the market. The global automotive drivetrain market size reached US$ 213.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 350.0 Billion by 2032, exhibiting a growth rate (CAGR) of 5.5% during 2024-2032.