Asia-Pacific EV Powertrain Market to 2027 - Regional Analysis and Forecasts by Product Type (Series Hybrid Powertrain, Battery Electric Vehicle Powertrain, Series-Parallel Hybrid Powertrain, Mild Hybrid Powertrain, Parallel Hybrid Powertrain); Application (Passenger Cars and Commercial Vehicles)
The EV powertrain market in Asia-Pacific is expected to grow from US$ 20.27 Bn in 2018 to US$ 59.10 Bn by the year 2027. This represents a CAGR of 12.8% from the year 2019 to 2027.
The EV powertrain market outlook is positive, as the electric vehicles are gaining popularity among the end-users. Increasing the adoption of these vehicles would enable the manufacturers to increase their production lines, thereby requiring an increased quantity of EV powertrains. This factor is expected to drive the EV powertrain market. Additionally, the presence of a large number of well-established and automotive industry recognized players in the market is allowing the end-users to technologically enhanced powertrain products, which is also a key driving force of the EV powertrain market. The volume of EV powertrain procurement is at a constant rise in the current scenario, owing to the fact that the OEMs are increasingly procuring the powertrains in large quantities to cater to the needs of the manufacturing of existing vehicle models and to test respective newer models practically.
The governments of various countries are undertaking initiatives for reducing custom duty and taxes on various EV components. For instance, in 2019, the Indian government reduced the custom duty on EV components by 5%. This led to a reduction in tax collected through electric vehicles by 5%. Thus, the support from the government and increasing awareness among the consumers about the ill effects of the emissions are creating an opportunity for ICE vehicle manufacturers to invest in electric vehicle production.
Currently, China is dominating the EV powertrain market in terms of installation, which in turn boosts the demand for the EV powertrain market in the region. China has been the largest automotive market globally over the years. The growth in the automotive sector in China has been achieved mainly through the establishment of various joint ventures with car manufacturers such as Volkswagen, General Motors, and others. According to The International Council on Clean Transportation, China produced around 1,078,000 electric vehicles (passenger cars and light commercial vehicles) in 2018. Also, according to the China Association of Automobile Manufacturers (CAAM) in 2019, battery electric vehicle (BEV) production reached around 1.02 million units, with 3.4% of growth. Whereas, the plug-in hybrid vehicle (PHV) production reached up to 220,000 units. The figure given below highlights the revenue share of India in the Asia-Pacific EV powertrain market in the forecast period:
India EV Powertrain Market Revenue and Forecasts to 2027 (US$ Mn)
Get more information on this report :
Asia-Pacific EV Powertrain Market - Segmentation
Asia-Pacific EV Powertrain Market – By Product Type
- Series Hybrid Powertrain
- Battery Electric Vehicle Powertrain
- Series-Parallel Hybrid Powertrain
- Mild Hybrid Powertrain
- Parallel Hybrid Powertrain
Asia-Pacific EV Powertrain Market – By Application
- Passenger Cars
- Commercial Vehicles
Asia-Pacific EV Powertrain Market – By Country
- China
- Japan
- India
- South Korea
Asia-Pacific EV Powertrain Market -Companies Mentioned
- Continental AG
- Cummins Inc.
- Dana Limited
- Magna International
- Mahle GmbH
- Maxim Integrated
- Robert Bosch GmbH
- Tata Elxsi
- Valeo SA
- ZF Friedrichshafen AG
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Asia-Pacific EV Powertrain Market – by Product Type
1.3.2 Asia-Pacific EV Powertrain Market – by Application
1.3.3 Asia-Pacific EV Powertrain Market – by Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Asia-Pacific EV Powertrain Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 EV Powertrain Market – APAC PEST Analysis
4.3 Ecosystem Analysis
5. Asia-Pacific EV Powertrain Market– Key Market Dynamics
5.1 Market Drivers
5.1.1 Technological Development in Conventional Engines
5.2 Market Restraints
5.2.1 Lack of expertise and high costs of electric vehicle
5.3 Market Opportunities
5.3.1 Shifting focus of ICE vehicle manufacturers towards Electric Vehicles Segment
5.4 Future Trends
5.4.1 Reduction in Powertrain Cost Would Stimulate Market Growth
5.5 Impact Analysis of Drivers and Restraints
6. EV Powertrain Market – Asia-Pacific Market Analysis
6.1 Asia-Pacific EV Powertrain Market Overview
6.2 Asia-Pacific EV Powertrain Market, Forecast and Analysis
7. Asia-Pacific EV Powertrain Market Analysis – by Product Type
7.1 Overview
7.2 EV Powertrain Market Breakdown, by Product Type, 2018 and 2027
7.3 Series Hybrid Powertrain
7.3.1 Overview
7.3.2 Series Hybrid Powertrain Market, Forecast and Analysis
7.4 Battery Electric Vehicle Powertrain
7.4.1 Overview
7.4.2 Battery Electric Vehicle Powertrain Market, Forecast and Analysis
7.5 Series-Parallel Hybrid Powertrain
7.5.1 Overview
7.5.2 Series-Parallel Hybrid Powertrain Market, Forecast and Analysis
7.6 Mild Hybrid Powertrain
7.6.1 Overview
7.6.2 Mild Hybrid Powertrain Market, Forecast and Analysis
7.7 Parallel Hybrid Powertrain
7.7.1 Overview
7.7.2 Parallel Hybrid Powertrain Market, Forecast and Analysis
8. Asia-Pacific EV Powertrain Market Analysis – by Application
8.1 Overview
8.2 EV Powertrain Market Breakdown, by Application, 2018 and 2027
8.3 Passenger Cars
8.3.1 Overview
8.3.2 Passenger Cars Market, Forecast and Analysis
8.4 Commercial Vehicles
8.4.1 Overview
8.4.2 Commercial Vehicles Market, Forecast and Analysis
9. Asia-Pacific EV Powertrain Market– CountryAnalysis
9.1.1 APAC EV Powertrain Market Breakdown, by Country
9.1.1.1 China EV Powertrain Market, Revenue and Forecast to 2027 (US$ Mn)
9.1.1.1.1 China EV Powertrain Market Breakdown, by Product Type
9.1.1.1.2 China EV Powertrain Market Breakdown, by Application
9.1.1.2 India EV Powertrain Market, Revenue and Forecast to 2027 (US$ Mn)
9.1.1.2.1 India EV Powertrain Market Breakdown, by Product Type
9.1.1.2.2 India EV Powertrain Market Breakdown, by Application
9.1.1.3 Japan EV Powertrain Market, Revenue and Forecast to 2027 (US$ Mn)
9.1.1.3.1 Japan EV Powertrain Market Breakdown, by Product Type
9.1.1.3.2 Japan EV Powertrain Market Breakdown, by Application
9.1.1.4 South Korea EV Powertrain Market, Revenue and Forecast to 2027 (US$ Mn)
9.1.1.4.1 South Korea EV Powertrain Market Breakdown, by Product Type
9.1.1.4.2 South Korea EV Powertrain Market Breakdown, by Application
10. EV Powertrain Market – Industry Landscape
10.1 Overview
10.2 Market Initiative
10.3 New Development
11. EV Powertrain Market - Company Profiles
11.1 Continental AG
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Robert Bosch GmbH
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Cummins, Inc.
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Maxim Integrated Products, Inc.
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Magna International Inc.
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Tata Elxsi
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Dana Limited
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Valeo SA
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 Mahle GmbH
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
11.10 ZF Friedrichshafen AG
11.10.1 Key Facts
11.10.2 Business Description
11.10.3 Products and Services
11.10.4 Financial Overview
11.10.5 SWOT Analysis
11.10.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Glossary of Terms
LIST OF TABLES
Table 1. Asia-Pacific EV Powertrain Market, Revenue and Forecast to 2027 (US$ Mn)
Table 2. APAC EV Powertrain Market, Revenue and Forecast to 2027 – by Product Type (US$ Mn)
Table 3. APAC EV Powertrain Market, Revenue and Forecast to 2027 – by Application (US$ Mn)
Table 4. China EV Powertrain Market, Revenue and Forecast to 2027 – by Product Type (US$ Mn)
Table 5. China EV Powertrain Market, Revenue and Forecast to 2027 – by Application (US$ Mn)
Table 6. India EV Powertrain Market, Revenue and Forecast to 2027 – by Product Type (US$ Mn)
Table 7. India EV Powertrain Market, Revenue and Forecast to 2027 – by Application (US$ Mn)
Table 8. Japan EV Powertrain Market, Revenue and Forecast to 2027 – by Product Type (US$ Mn)
Table 9. Japan EV Powertrain Market, Revenue and Forecast to 2027 – by Application (US$ Mn)
Table 10. South Korea EV Powertrain Market, Revenue and Forecast to 2027 – by Product Type (US$ Mn)
Table 11. South Korea EV Powertrain Market, Revenue and Forecast to 2027 – by Application (US$ Mn)
Table 12. Glossary of Term: EV Powertrain Market
LIST OF FIGURES
Figure 1. Asia-Pacific EV Powertrain Market Segmentation
Figure 2. Asia-Pacific EV Powertrain Market Segmentation - Country
Figure 3. Asia-Pacific EV Powertrain Market Overview
Figure 4. Asia-Pacific EV Powertrain Market, by Country
Figure 5. Asia-Pacific EV Powertrain Market, By Product Type
Figure 6. Asia-Pacific EV Powertrain Market : Competition Landscape
Figure 7. APAC - PEST Analysis
Figure 8. EV Powertrain Market Ecosystem Analysis
Figure 9. Asia-Pacific EV Powertrain Market Impact Analysis of Drivers and Restraints
Figure 10. Asia-Pacific EV Powertrain Market, Forecast and Analysis, (US$ Mn)
Figure 11. Asia-Pacific EV Powertrain Market Breakdown, by Product Type, 2018 and 2027 (%)
Figure 12. Asia-Pacific Series Hybrid Powertrain Market, Revenue and Forecast to 2027 (US$ Mn)
Figure 13. Asia-Pacific Battery Electric Vehicle Powertrain Market, Revenue and Forecast to 2027 (US$ Mn)
Figure 14. Asia-Pacific Series-Parallel Hybrid Powertrain Market, Revenue and Forecast to 2027 (US$ Mn)
Figure 15. Asia-Pacific Mild Hybrid Powertrain Market, Revenue and Forecast to 2027 (US$ Mn)
Figure 16. Asia-Pacific Parallel Hybrid Powertrain Market, Revenue and Forecast to 2027 (US$ Mn)
Figure 17. Asia-Pacific EV Powertrain Market Breakdown, by Application, 2018 and 2027 (%)
Figure 18. Asia-Pacific Passenger Cars Market, Revenue and Forecast to 2027 (US$ Mn)
Figure 19. Asia-Pacific Commercial Vehicles Market, Revenue and Forecast to 2027 (US$ Mn)
Figure 20. APAC EV Powertrain Market Breakdown, by Country, 2018 and 2027(%)
Figure 21. China EV Powertrain Market, Revenue and Forecast to 2027 (US$ Mn)
Figure 22. India EV Powertrain Market, Revenue and Forecast to 2027 (US$ Mn)
Figure 23. Japan EV Powertrain Market, Revenue and Forecast to 2027 (US$ Mn)
Figure 24. South Korea EV Powertrain Market, Revenue and Forecast to 2027 (US$ Mn)
The List of Companies - Asia-Pacific EV Powertrain Market
- Continental AG
- Cummins Inc.
- Dana Limited
- Magna International
- Mahle GmbH
- Maxim Integrated
- Robert Bosch GmbH
- Tata Elxsi
- Valeo SA
- ZF Friedrichshafen AG
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Asia-Pacific EV Powertrain market.
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the Asia-Pacific EV Powertrain market, thereby allowing players across the value chain to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth Asia-Pacific market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.