North America 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 North America is expected to grow from US$ 4.40 Bn in 2018 to US$ 9.71 Bn by the year 2027. This represents a CAGR of 9.3% from the year 2019 to 2027.
The automotive industry is expanding at a rapid rate over the years across the globe. The internal combustion engine (ICE) vehicles, as well as the electric vehicles (EV) manufacturers, are pacing up their production volumes to meet the continually rising demand from the customers. The auto industry is expected to be driven by electric vehicles in the near future, owing to the rising awareness among the vehicle customers, governmental strategies to reduce carbon emission and subsidies towards procuring EVs. These factors are prominently acting as crucial parameters for the growth of EVs.
The automotive industry is experiencing a significant shift from traditional vehicles to electric vehicles. Governments in various countries are taking initiatives to drive the adoption of electric vehicles. For instance, the Government of Canada invested US$ 182.5 million to develop a fast-charging network for electric vehicles. Also, in December 2017, the Federal Government of Canada released its Greening Government Strategy, which aims to reduce greenhouse gas emissions by 80% by 2050.
Currently, the US is dominating the EV powertrain market in terms of installation, which in turn boosts the demand for the EV powertrain market in the region. The electric vehicle market in the US is comprised of battery electric vehicles (BEVs), plug-in hybrid electric vehicles (PHEVs), and hybrid electric vehicles (HEVs). Alone among these vehicles, the BEV does not require gasoline at any point during operation, relying solely upon pure electric battery power. The figure given below highlights the revenue share of Mexico in the North America EV powertrain market in the forecast period:
Mexico EV Powertrain Market Revenue and Forecasts to 2027 (US$ Mn)
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North America EV Powertrain Market - Segmentation
North America EV Powertrain Market – By Product Type
- Series Hybrid Powertrain
- Battery Electric Vehicle Powertrain
- Series-Parallel Hybrid Powertrain
- Mild Hybrid Powertrain
- Parallel Hybrid Powertrain
North America EV Powertrain Market – By Application
- Passenger Cars
- Commercial Vehicles
North America EV Powertrain Market – By Country
- US
- Canada
- Mexico
North America 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 North America EV Powertrain Market – by Product Type
1.3.2 North America EV Powertrain Market – by Application
1.3.3 North America EV Powertrain Market – by Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America EV Powertrain Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 EV Powertrain Market – North America PEST Analysis
4.3 Ecosystem Analysis
5. North America EV Powertrain Market– Key Market Dynamics
5.1 Market Drivers
5.1.1 Supporting government initiatives to increase the demand of EV Powertrains
5.1.2 Technological Advancements in Conventional Engines
5.2 Market Restraints
5.2.1 High Costs related to electric vehicles
5.3 Market Opportunities
5.3.1 ICE Vehicle Makers Venturing into Electric Vehicle Segment
5.4 Future Trends
5.4.1 Designing low-cost Powertrain Would Stimulate Market Growth
5.5 Impact Analysis of Drivers and Restraints
6. North America EV Powertrain Market –Market Analysis
6.1 North America EV Powertrain Market Overview
6.2 North America EV Powertrain Market, Forecast and Analysis
7. North America 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. North America 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. North America EV Powertrain Market– Country Analysis
9.1.1 North America EV Powertrain Market Breakdown, by Country
9.1.1.1 US EV Powertrain Market, Revenue and Forecast to 2027 (US$ Mn)
9.1.1.1.1 US EV Powertrain Market Breakdown, by Product Type
9.1.1.1.2 US EV Powertrain Market Breakdown, by Application
9.1.1.2 Canada EV Powertrain Market, Revenue and Forecast to 2027 (US$ Mn)
9.1.1.2.1 Canada EV Powertrain Market Breakdown, by Product Type
9.1.1.2.2 Canada EV Powertrain Market Breakdown, by Application
9.1.1.3 Mexico EV Powertrain Market, Revenue and Forecast to 2027 (US$ Mn)
9.1.1.3.1 Mexico EV Powertrain Market Breakdown, by Product Type
9.1.1.3.2 Mexico 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. North America EV Powertrain Market, Revenue and Forecast to 2027 (US$ Mn)
Table 2. North America EV Powertrain Market, Revenue and Forecast to 2027 – by Product Type (US$ Mn)
Table 3. North America EV Powertrain Market, Revenue and Forecast to 2027 – by Application (US$ Mn)
Table 4. US EV Powertrain Market, Revenue and Forecast to 2027 – by Product Type (US$ Mn)
Table 5. US EV Powertrain Market, Revenue and Forecast to 2027 – by Application (US$ Mn)
Table 6. Canada EV Powertrain Market, Revenue and Forecast to 2027 – by Product Type (US$ Mn)
Table 7. Canada EV Powertrain Market, Revenue and Forecast to 2027 – by Application (US$ Mn)
Table 8. Mexico EV Powertrain Market, Revenue and Forecast to 2027 – by Product Type (US$ Mn)
Table 9. Mexico EV Powertrain Market, Revenue and Forecast to 2027 – by Application (US$ Mn)
Table 10. Glossary of Term: EV Powertrain Market
LIST OF FIGURES
Figure 1. North America EV Powertrain Market Segmentation
Figure 2. North America EV Powertrain Market Segmentation – Country
Figure 3. North America EV Powertrain Market Overview
Figure 4. North America EV Powertrain Market, by Country
Figure 5. North America EV Powertrain Market, By Product Type
Figure 6. North America EV Powertrain Market : Competition Landscape
Figure 7. North America- PEST Analysis
Figure 8. EV Powertrain Market Ecosystem Analysis
Figure 9. North America EV Powertrain Market Impact Analysis of Drivers and Restraints
Figure 10. North America EV Powertrain Market, Forecast and Analysis, (US$ Mn)
Figure 11. North America EV Powertrain Market Breakdown, by Product Type, 2018 and 2027 (%)
Figure 12. North America Series Hybrid Powertrain Market, Revenue and Forecast to 2027 (US$ Mn)
Figure 13. North America Battery Electric Vehicle Powertrain Market, Revenue and Forecast to 2027 (US$ Mn)
Figure 14. North America Series-Parallel Hybrid Powertrain Market, Revenue and Forecast to 2027 (US$ Mn)
Figure 15. North America Mild Hybrid Powertrain Market, Revenue and Forecast to 2027 (US$ Mn)
Figure 16. North America Parallel Hybrid Powertrain Market, Revenue and Forecast to 2027 (US$ Mn)
Figure 17. EV Powertrain Market Breakdown, by Application, 2018 and 2027 (%)
Figure 18. Passenger Cars Market, Revenue and Forecast to 2027 (US$ Mn)
Figure 19. Commercial Vehicles Market, Revenue and Forecast to 2027 (US$ Mn)
Figure 20. North America EV Powertrain Market Breakdown, by Country, 2018 and 2027 (%)
Figure 21. US EV Powertrain Market, Revenue and Forecast to 2027 (US$ Mn)
Figure 22. Canada EV Powertrain Market, Revenue and Forecast to 2027 (US$ Mn)
Figure 23. Mexico EV Powertrain Market, Revenue and Forecast to 2027 (US$ Mn)
The List of Companies - North America 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 North America 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 North America 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 North America 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.