Automotive Powertrain

Automotive Powertrain Market Outlook

The global automotive powertrain market is projected to reach USD 500 billion by 2035, expanding at a compound annual growth rate (CAGR) of approximately 7% from 2025 to 2035. This growth is fueled by several factors, including the increasing demand for fuel-efficient and environmentally friendly vehicles, advancements in powertrain technologies, and the rising adoption of electric and hybrid vehicles. Furthermore, stringent government regulations aimed at reducing carbon emissions continue to push manufacturers toward developing innovative powertrain solutions. The global shift toward sustainable transportation solutions, coupled with the growing trend of automation in vehicles, is likely to create new opportunities for the powertrain market in the coming years. As such, the automotive powertrain sector is at the forefront of technological advancements, contributing significantly to the overall dynamics of the automotive industry.

Growth Factor of the Market

The automotive powertrain market is experiencing robust growth driven by several interconnected factors. Firstly, the rising environmental awareness among consumers and regulatory bodies is pushing manufacturers toward the development of cleaner and more efficient powertrain systems. This shift is particularly evident in the increasing investment in electric vehicle (EV) technologies, which are gaining traction globally. Additionally, advancements in internal combustion engine (ICE) technologies, including turbocharging and downsizing, are enhancing performance while reducing emissions, further bolstering market growth. The ongoing trend toward connectivity and automation in vehicles is also a crucial growth factor, as powertrain systems become more integrated with advanced driver-assistance systems (ADAS) and internet of things (IoT) technologies. Finally, the expanding middle class in emerging economies is leading to higher vehicle ownership rates, fueling demand for various powertrain technologies.

Key Highlights of the Market

• The market is projected to reach USD 500 billion by 2035, growing at a CAGR of 7%.
• Electric vehicle adoption is significantly influencing powertrain innovations.
• Advanced ICE technologies are enhancing performance and reducing emissions.
• The rise of connected vehicles is driving integration with powertrain systems.
• Emerging economies are witnessing increased vehicle ownership, boosting demand.

By Component

Engine :

The engine segment is a pivotal component of the automotive powertrain market, representing a significant share due to its role in vehicle propulsion. Traditional internal combustion engines (ICEs) are still widely used, particularly in passenger and commercial vehicles, owing to their established technology and widespread manufacturing capabilities. However, the shift toward electrification has led to increased focus on electric motors and hybrid systems, which are designed for enhanced efficiency and reduced emissions. Innovations in engine technology, including turbocharging and direct fuel injection, have improved performance metrics and reduced fuel consumption, thereby appealing to environmentally-conscious consumers. As the global market transitions toward sustainable transportation, the engine segment is poised for notable changes, particularly with the ongoing development of hydrogen fuel cells and advanced battery systems, which are set to redefine powertrain architectures.

Transmission :

The transmission segment is integral to the overall powertrain system, responsible for transmitting power from the engine to the wheels. This component is undergoing significant evolution, with advancements in automatic and dual-clutch transmissions improving efficiency and performance. Continuous variable transmissions (CVTs) have also gained popularity, especially in smaller vehicles, thanks to their ability to provide seamless acceleration and optimal fuel economy. Moreover, the advent of electric vehicles is reshaping transmission designs, as many electric vehicles utilize single-speed transmissions that simplify the powertrain setup. The transition towards more sophisticated transmission systems is driven by consumer demand for better driving experiences, fuel efficiency, and performance, making this segment a key focus area for automotive manufacturers in the coming years.

Drive Shaft :

The drive shaft plays a critical role in the automotive powertrain by transferring power from the transmission to the wheels. This component is particularly vital in all-wheel-drive (AWD) and four-wheel-drive (4WD) vehicles, where optimal power distribution is essential for performance and handling. As vehicle designs evolve and manufacturers strive to reduce weight and improve efficiency, advancements in materials and design techniques have led to the development of lighter and stronger drive shafts. Carbon fiber and aluminum are increasingly used to manufacture drive shafts, contributing to lower overall vehicle weight and improved fuel efficiency. Additionally, with the rise of electric and hybrid vehicles, new drive shaft configurations are being explored to accommodate different powertrain layouts, indicating ongoing innovation in this segment.

Differential :

The differential is a crucial component in any automotive powertrain, allowing for the distribution of torque to the wheels while enabling them to rotate at different speeds, especially during turns. This functionality is essential for maintaining vehicle stability and control. The market for differentials is witnessing advancements in technologies such as limited-slip differentials and electronic differentials, which improve traction and handling under varying conditions. The increasing adoption of advanced vehicle dynamics systems within modern vehicles is driving demand for more sophisticated differential technologies. Furthermore, the trend toward electrification has opened new avenues for the development of electronic differentials, which can enhance vehicle responsiveness and performance. As manufacturers continue to innovate and enhance the capabilities of differentials, this segment remains vital in the ongoing evolution of automotive powertrains.

Others :

The 'Others' category encompasses various components that play supportive roles within the automotive powertrain system. This includes elements such as exhaust systems, fuel pumps, and cooling systems, which are essential for the overall functionality and efficiency of vehicles. The focus on reducing emissions is driving innovation in exhaust systems, particularly with the incorporation of catalytic converters and particulate filters to meet stringent environmental regulations. Similarly, the rise of electric vehicles has increased the demand for efficient cooling systems to manage battery temperatures and maintain optimal performance. These ancillary components are critical to enhancing the overall performance and compliance of modern vehicles, thus holding substantial importance within the automotive powertrain market.

By Vehicle Type

Passenger Cars :

The passenger car segment constitutes a major share of the automotive powertrain market, driven by the high demand for personal transportation. As consumers increasingly prioritize fuel efficiency and sustainability, manufacturers are responding by developing innovative powertrain technologies that cater to these preferences. The growing popularity of hybrid and electric passenger vehicles is reshaping this segment, with manufacturers investing heavily in electric drivetrains and battery technologies. Moreover, advancements in autonomous driving technologies are also influencing powertrain designs, as vehicles need to be equipped with sophisticated systems to support autonomous functionalities. This segment is expected to see continued growth as urbanization and population expansion drive further demand for passenger vehicles, leading to a more competitive and technologically advanced powertrain market.

Commercial Vehicles :

The commercial vehicle segment is experiencing significant growth due to the rising demand for logistics and transportation services. This category includes trucks, buses, and vans, which require robust and efficient powertrain systems to handle heavy loads and long distances. As environmental regulations become more stringent, the commercial vehicle sector is increasingly adopting alternative powertrain solutions, including natural gas and electric drivetrains, to reduce emissions. The push for electrification is particularly notable in urban delivery vehicles and public transit buses, where achieving lower emissions is a priority. Additionally, advancements in telematics and connected vehicle technologies are enhancing operational efficiency and performance in this segment, driving further investments in powertrain innovations tailored for commercial applications.

Electric Vehicles :

The electric vehicle (EV) segment is rapidly transforming the automotive powertrain market, driven by the global push toward sustainability and reduced dependence on fossil fuels. With advancements in battery technologies and charging infrastructure, EVs are becoming increasingly accessible to consumers. The transition from traditional internal combustion engines to electric drivetrains is creating significant opportunities for manufacturers to innovate in powertrain design, focusing on efficiency, range, and performance. Additionally, government incentives and support for EV adoption are further stimulating market growth, as consumers are encouraged to transition to cleaner transportation options. As battery technology continues to evolve, improving energy density and reducing costs, the electric vehicle segment is expected to dominate the powertrain market in the coming years.

Others :

The 'Others' category in the vehicle type segment includes specialized vehicles such as construction equipment, agricultural vehicles, and recreational vehicles. These vehicles often require unique powertrain solutions tailored to their specific operational needs. As the demand for specialized vehicles grows across various sectors, there is an increasing focus on developing powertrain technologies that enhance performance in challenging environments. Additionally, the integration of smart technologies and telematics is becoming more prevalent, allowing for improved efficiency and operational monitoring in these vehicles. The ongoing trend towards sustainability is also influencing the powertrain development in this category, as manufacturers seek to implement greener technologies that align with environmental goals.

By Fuel Type

Gasoline :

The gasoline fuel type segment remains a dominant force in the automotive powertrain market, primarily due to its long-standing presence and widespread availability. Traditional internal combustion engines powered by gasoline are still prevalent in many passenger vehicles, offering a balance of performance, affordability, and convenience. However, the segment is now facing challenges from the growing demand for electric vehicles and stricter emissions regulations worldwide. In response, manufacturers are innovating gasoline engine technologies, focusing on enhancing fuel efficiency through methods such as turbocharging and direct injection. While the gasoline segment is expected to see gradual decline, it will continue to be a significant player in the automotive powertrain market for the foreseeable future, particularly in regions where electric vehicle infrastructure is still developing.

Diesel :

The diesel fuel type segment has historically been favored for its efficiency and torque characteristics, particularly in commercial vehicles and heavy-duty applications. Diesel engines are known for their longevity and fuel efficiency, making them a preferred choice for long-haul transportation and industrial applications. However, increasing environmental concerns and regulatory pressure surrounding diesel emissions are prompting manufacturers to innovate and adapt. The introduction of cleaner diesel technologies, such as diesel particulate filters and selective catalytic reduction systems, has become essential for compliance with emissions standards. Despite facing challenges from the electrification trend, the diesel segment is expected to maintain a solid presence in the market, particularly in regions where diesel remains the primary fuel for commercial vehicles.

Electric :

The electric fuel type segment is witnessing unprecedented growth, driven by the global shift toward sustainable transportation. Electric vehicles (EVs) are becoming more mainstream as advancements in battery technology lead to improved range and affordability. This segment is characterized by its reliance on electric motors and battery packs, eliminating the need for traditional fuel sources. As governments around the world implement incentives and regulations to promote EV adoption, manufacturers are investing heavily in research and development to enhance battery performance and charging infrastructure. The electric segment is expected to dominate the automotive powertrain market in the coming years, as consumer preferences shift toward greener alternatives and the urgency to combat climate change grows.

Others :

The 'Others' category in the fuel type segment encompasses alternative fuels such as biofuels, hydrogen, and natural gas. These fuels are gaining traction as viable options to reduce carbon emissions and dependency on traditional fossil fuels. The development of hydrogen fuel cell vehicles represents a promising area of innovation, with numerous manufacturers exploring this technology as a zero-emission alternative. Similarly, natural gas vehicles are becoming increasingly popular in specific markets, particularly in public transportation and heavy-duty applications, due to their lower emissions and cost-effectiveness. As the automotive industry continues to explore diverse fuel options, the 'Others' category is expected to grow, contributing to a more sustainable and varied powertrain landscape.

By Sales Channel

OEMs :

The OEM (Original Equipment Manufacturer) sales channel holds a substantial share of the automotive powertrain market, as it represents the primary route through which powertrain components are supplied to vehicle manufacturers. OEMs typically provide integrated powertrain systems that are designed to meet specific performance and regulatory requirements. This channel has seen significant growth as vehicle production ramps up in response to rising consumer demand. Furthermore, OEMs are increasingly collaborating with technology companies to develop advanced powertrain solutions that enhance efficiency and performance. As the automotive industry evolves with the introduction of innovative technologies, the OEM channel remains crucial for ensuring the seamless integration of powertrain systems into new vehicles, particularly as electric and hybrid models become more prevalent.

Aftermarket :

The aftermarket sales channel is becoming increasingly important in the automotive powertrain market, driven by the need for repair, replacement, and upgrading of existing systems. As vehicles age, the demand for aftermarket powertrain components, including engines, transmissions, and other critical systems, rises significantly. This segment is characterized by a diverse range of products and services, catering to both consumers and automotive repair shops. With the growing trend of vehicle customization, aftermarket components that enhance performance and efficiency are gaining popularity among automotive enthusiasts. Moreover, the shift toward sustainability is influencing the aftermarket, as consumers become more aware of the benefits of using eco-friendly and energy-efficient powertrain solutions. As such, the aftermarket channel is expected to experience continued growth, complementing the OEM segment and contributing to the overall dynamics of the automotive powertrain market.

By Region

The automotive powertrain market exhibits significant regional variations, shaped by varying demand, regulations, and technological advancements. In North America, the market is projected to grow at a CAGR of about 6%, with the increasing adoption of electric vehicles and the ongoing development of advanced powertrain technologies driving growth. The presence of major automotive manufacturers and a robust aftermarket sector further contribute to the market's expansion in this region. Additionally, stringent emissions regulations are pushing manufacturers to innovate, particularly in the areas of fuel efficiency and hybrid powertrains, aligning with the growing consumer demand for sustainable transportation options.

In Europe, the automotive powertrain market is expected to remain strong, driven by the European Union's aggressive climate targets and regulations aimed at reducing carbon emissions. This region is leading the way in electric vehicle adoption, with initiatives to enhance charging infrastructure and promote cleaner powertrains. The market in Europe is projected to grow at a CAGR of approximately 8% as manufacturers invest heavily in electrification and hybrid technologies to meet stringent requirements. The increasing focus on sustainability and technological advancements in powertrain design will continue to shape the landscape of the automotive powertrain market in Europe, presenting opportunities for growth in the coming years.

Opportunities

The automotive powertrain market is ripe with opportunities for growth, particularly in the context of the global shift toward electric and hybrid vehicles. As advancements in battery technology continue to reduce costs and improve performance, there is a significant opportunity for manufacturers to capitalize on the growing demand for electric drivetrains in passenger and commercial vehicles. The increasing focus on sustainability and environmental regulations will further propel this transition, creating the need for innovative powertrain solutions that enhance efficiency and minimize emissions. Additionally, the rise of autonomous vehicles presents a unique opportunity for powertrain manufacturers to develop systems that integrate with advanced driver-assistance technologies, thereby enhancing overall vehicle performance and safety. Furthermore, the expanding middle class in emerging markets is driving demand for personal and commercial transportation, leading to significant opportunities for powertrain solutions tailored to diverse consumer needs.

Moreover, the burgeoning aftermarket segment presents additional growth opportunities for companies in the automotive powertrain market. As vehicles age and consumer preferences shift, there is increasing demand for aftermarket components that enhance performance, efficiency, and sustainability. Manufacturers can leverage this trend by developing a range of aftermarket powertrain solutions, including eco-friendly and performance-enhancing components that cater to the growing number of automotive enthusiasts and environmentally-conscious consumers. Additionally, the integration of smart technologies and telematics into powertrain systems offers an opportunity for manufacturers to create value-added products that improve vehicle performance and operational efficiency. Overall, the current landscape of the automotive powertrain market is filled with multifaceted opportunities that manufacturers can harness to drive innovation and growth.

Threats

The automotive powertrain market faces several threats that could impact its growth trajectory. One of the most significant threats is the rapid advancement of electric vehicle technologies, which may pose challenges for traditional internal combustion engine (ICE) manufacturers. As consumer preferences shift toward sustainable transportation options, manufacturers heavily reliant on gasoline and diesel powertrains may experience decreased demand for their products. Additionally, stringent emissions regulations and government policies aimed at promoting electric vehicles can further exacerbate this issue, potentially leading to a decline in the market for traditional powertrain components. As a result, manufacturers must continuously innovate and adapt to remain competitive in an evolving landscape characterized by a growing emphasis on sustainability and environmental responsibility.

Moreover, the automotive powertrain market is also susceptible to fluctuations in raw material prices, which can significantly impact production costs and profitability. The rise in demand for lightweight materials, such as carbon fiber and advanced alloys, coupled with geopolitical tensions and supply chain disruptions, can lead to increased costs for manufacturers. Furthermore, the COVID-19 pandemic has highlighted vulnerabilities in global supply chains, affecting production schedules and leading to component shortages. Manufacturers must navigate these challenges while ensuring that their products meet evolving consumer preferences and regulatory requirements. In summary, the automotive powertrain market is confronted with threats that necessitate proactive strategies and adaptability to mitigate risks and sustain growth.

Competitor Outlook

• General Motors
• Ford Motor Company
• Toyota Motor Corporation
• Volkswagen AG
• Honda Motor Co., Ltd.
• BMW AG
• Mercedes-Benz AG
• Tesla, Inc.
• Hyundai Motor Company
• SAIC Motor Corporation
• Renault-Nissan-Mitsubishi Alliance
• Fiat Chrysler Automobiles (Stellantis)
• Volvo Cars
• BYD Company Limited
• Kia Corporation

The overall competitive landscape of the automotive powertrain market is characterized by a mix of established automotive giants and emerging players striving to innovate and capture market share. Leading companies are focusing on research and development to enhance their powertrain technologies, particularly in the context of electrification and hybridization. Strategic partnerships and collaborations are becoming increasingly common as manufacturers seek to combine their expertise with that of technology companies to develop cutting-edge powertrain systems. Furthermore, companies are investing in sustainable manufacturing practices and supply chain optimization to address evolving consumer preferences for environmentally-friendly products. As competition intensifies, agility and innovation will be critical for success in this dynamic and rapidly changing market.

Major players such as General Motors and Ford continue to lead the charge in powertrain development, with significant investments in electric and hybrid technologies. General Motors, for instance, has committed to transitioning its entire fleet to electric vehicles by 2035, showcasing its determination to adapt to changing market dynamics. Ford, on the other hand, is actively expanding its electric vehicle lineup and enhancing its powertrain offerings through partnerships with battery suppliers and technology firms. Additionally, Toyota has long been a pioneer in hybrid technology, and its continued focus on fuel cell and electric vehicle advancements positions it as a formidable competitor in the powertrain market.

European auto manufacturers like Volkswagen and BMW are also making substantial strides in powertrain innovation. Volkswagen's ambitious electrification strategy aims to produce millions of electric vehicles by the end of the decade, while BMW is investing in advanced battery technologies to improve its electric vehicle offerings. These companies are not only focused on the development of new powertrain systems but are also committed to creating sustainable supply chains and reducing their overall carbon footprints. The presence of established European manufacturers in the powertrain market highlights the region's commitment to sustainability and innovation, further intensifying competition.

• 1 Appendix

  • 1.1 List of Tables
  • 1.2 List of Figures

• 2 Introduction

  • 2.1 Market Definition
  • 2.2 Scope of the Report
  • 2.3 Study Assumptions
  • 2.4 Base Currency & Forecast Periods

• 3 Market Dynamics

  • 3.1 Market Growth Factors
  • 3.2 Economic & Global Events
  • 3.3 Innovation Trends
  • 3.4 Supply Chain Analysis

• 4 Consumer Behavior

  • 4.1 Market Trends
  • 4.2 Pricing Analysis
  • 4.3 Buyer Insights

• 5 Key Player Profiles

  • 5.1 BMW AG
    • 5.1.1 Business Overview
    • 5.1.2 Products & Services
    • 5.1.3 Financials
    • 5.1.4 Recent Developments
    • 5.1.5 SWOT Analysis
  • 5.2 Volvo Cars
    • 5.2.1 Business Overview
    • 5.2.2 Products & Services
    • 5.2.3 Financials
    • 5.2.4 Recent Developments
    • 5.2.5 SWOT Analysis
  • 5.3 Tesla, Inc.
    • 5.3.1 Business Overview
    • 5.3.2 Products & Services
    • 5.3.3 Financials
    • 5.3.4 Recent Developments
    • 5.3.5 SWOT Analysis
  • 5.4 Volkswagen AG
    • 5.4.1 Business Overview
    • 5.4.2 Products & Services
    • 5.4.3 Financials
    • 5.4.4 Recent Developments
    • 5.4.5 SWOT Analysis
  • 5.5 General Motors
    • 5.5.1 Business Overview
    • 5.5.2 Products & Services
    • 5.5.3 Financials
    • 5.5.4 Recent Developments
    • 5.5.5 SWOT Analysis
  • 5.6 Kia Corporation
    • 5.6.1 Business Overview
    • 5.6.2 Products & Services
    • 5.6.3 Financials
    • 5.6.4 Recent Developments
    • 5.6.5 SWOT Analysis
  • 5.7 Mercedes-Benz AG
    • 5.7.1 Business Overview
    • 5.7.2 Products & Services
    • 5.7.3 Financials
    • 5.7.4 Recent Developments
    • 5.7.5 SWOT Analysis
  • 5.8 Ford Motor Company
    • 5.8.1 Business Overview
    • 5.8.2 Products & Services
    • 5.8.3 Financials
    • 5.8.4 Recent Developments
    • 5.8.5 SWOT Analysis
  • 5.9 BYD Company Limited
    • 5.9.1 Business Overview
    • 5.9.2 Products & Services
    • 5.9.3 Financials
    • 5.9.4 Recent Developments
    • 5.9.5 SWOT Analysis
  • 5.10 Honda Motor Co., Ltd.
    • 5.10.1 Business Overview
    • 5.10.2 Products & Services
    • 5.10.3 Financials
    • 5.10.4 Recent Developments
    • 5.10.5 SWOT Analysis
  • 5.11 Hyundai Motor Company
    • 5.11.1 Business Overview
    • 5.11.2 Products & Services
    • 5.11.3 Financials
    • 5.11.4 Recent Developments
    • 5.11.5 SWOT Analysis
  • 5.12 SAIC Motor Corporation
    • 5.12.1 Business Overview
    • 5.12.2 Products & Services
    • 5.12.3 Financials
    • 5.12.4 Recent Developments
    • 5.12.5 SWOT Analysis
  • 5.13 Toyota Motor Corporation
    • 5.13.1 Business Overview
    • 5.13.2 Products & Services
    • 5.13.3 Financials
    • 5.13.4 Recent Developments
    • 5.13.5 SWOT Analysis
  • 5.14 Renault-Nissan-Mitsubishi Alliance
    • 5.14.1 Business Overview
    • 5.14.2 Products & Services
    • 5.14.3 Financials
    • 5.14.4 Recent Developments
    • 5.14.5 SWOT Analysis
  • 5.15 Fiat Chrysler Automobiles (Stellantis)
    • 5.15.1 Business Overview
    • 5.15.2 Products & Services
    • 5.15.3 Financials
    • 5.15.4 Recent Developments
    • 5.15.5 SWOT Analysis

• 6 Market Segmentation

  • 6.1 Automotive Powertrain Market, By Component
    • 6.1.1 Engine
    • 6.1.2 Transmission
    • 6.1.3 Drive Shaft
    • 6.1.4 Differential
    • 6.1.5 Others
  • 6.2 Automotive Powertrain Market, By Fuel Type
    • 6.2.1 Gasoline
    • 6.2.2 Diesel
    • 6.2.3 Electric
    • 6.2.4 Others
  • 6.3 Automotive Powertrain Market, By Vehicle Type
    • 6.3.1 Passenger Cars
    • 6.3.2 Commercial Vehicles
    • 6.3.3 Electric Vehicles
    • 6.3.4 Others

• 7 Competitive Analysis

  • 7.1 Key Player Comparison
  • 7.2 Market Share Analysis
  • 7.3 Investment Trends
  • 7.4 SWOT Analysis

• 8 Research Methodology

  • 8.1 Analysis Design
  • 8.2 Research Phases
  • 8.3 Study Timeline

• 9 Future Market Outlook

  • 9.1 Growth Forecast
  • 9.2 Market Evolution

• 10 Geographical Overview

  • 10.1 Europe - Market Analysis
    • 10.1.1 By Country
      • 10.1.1.1 UK
      • 10.1.1.2 France
      • 10.1.1.3 Germany
      • 10.1.1.4 Spain
      • 10.1.1.5 Italy
  • 10.2 Asia Pacific - Market Analysis
    • 10.2.1 By Country
      • 10.2.1.1 India
      • 10.2.1.2 China
      • 10.2.1.3 Japan
      • 10.2.1.4 South Korea
  • 10.3 Latin America - Market Analysis
    • 10.3.1 By Country
      • 10.3.1.1 Brazil
      • 10.3.1.2 Argentina
      • 10.3.1.3 Mexico
  • 10.4 North America - Market Analysis
    • 10.4.1 By Country
      • 10.4.1.1 USA
      • 10.4.1.2 Canada
  • 10.5 Automotive Powertrain Market by Region
  • 10.6 Middle East & Africa - Market Analysis
    • 10.6.1 By Country
      • 10.6.1.1 Middle East
      • 10.6.1.2 Africa

• 11 Global Economic Factors

  • 11.1 Inflation Impact
  • 11.2 Trade Policies

• 12 Technology & Innovation

  • 12.1 Emerging Technologies
  • 12.2 AI & Digital Trends
  • 12.3 Patent Research

• 13 Investment & Market Growth

  • 13.1 Funding Trends
  • 13.2 Future Market Projections

• 14 Market Overview & Key Insights

  • 14.1 Executive Summary
  • 14.2 Key Trends
  • 14.3 Market Challenges
  • 14.4 Regulatory Landscape

Segments Analyzed in the Report

The global Automotive Powertrain market is categorized based on

By Component

• Engine
• Transmission
• Drive Shaft
• Differential
• Others

By Vehicle Type

• Passenger Cars
• Commercial Vehicles
• Electric Vehicles
• Others

By Fuel Type

• Gasoline
• Diesel
• Electric
• Others

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Key Players

• General Motors
• Ford Motor Company
• Toyota Motor Corporation
• Volkswagen AG
• Honda Motor Co., Ltd.
• BMW AG
• Mercedes-Benz AG
• Tesla, Inc.
• Hyundai Motor Company
• SAIC Motor Corporation
• Renault-Nissan-Mitsubishi Alliance
• Fiat Chrysler Automobiles (Stellantis)
• Volvo Cars
• BYD Company Limited
• Kia Corporation