According to the research report titled ‘Automotive Electric Drivetrain Components Market Size By Components (Electric Drive Module, DC/DC Converter, Battery Packs, Thermal System, DC/AC Inverter, Power Distribution Module), By Vehicle (Battery Electric Vehicle (BEV), Hybrid Electric Vehicle (HEV), Plug-in Hybrid Electric Vehicle (PHEV), Fuel Cell Electric Vehicle (FCEV)), By Sales Channel (OEM, Aftermarket), COVID-19 Impact Analysis, Regional Outlook, Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027,’ available with MarketStudyReport, global automotive electric drivetrain components market is slated to observe robust growth during 2021-2027.

Surging requirement for clean mobility & transport solutions, in consort with financial incentives and increased spending to facilitate better infrastructure are factors propelling global automotive electric drivetrain components market growth.

Request sample copy of this report: https://www.marketstudyreport.com/request-a-sample/4547852/

Moreover, presence of several original equipment manufacturers (OEMs), along with rising investments for the advancements of technology are further bolstering the development of industry.

However, huge costs involved in the production of batteries, supply chain constraints, and a lack of charging infrastructure are likely to hinder the growth of the business sphere during the review period. 

During the COVID-19 pandemic, the supply chain in the world was massively disrupted due to lockdowns and restrictions imposed by authorities to curb the spread, which negatively impacted industry trends.

Despite this, with successful vaccination drives, post-COVID economic recovery, and supportive government initiatives the market is gaining momentum, and the electric vehicles industry is expected to pick up the pace in the coming years. 

In terms of components, the electric drive module of worldwide global automotive electric drivetrain components industry is estimated to record a y-o-y growth rate of 25% during the analysis period, owing to the mounting adoption of non-conventional vehicles. 

Concerning vehicle type, plug-in hybrid electric vehicles (PHEV) segment is anticipated to hold a 10% market share by the year 2027, due to the superior range offered by these vehicles. 

Based on sales channel, the aftermarket subdivision is likely to register a 30% CAGR during the forecast period.

From a regional standpoint, Latin America market is poised to expand at 20% CAGR during the assessment timeframe, attributed to the initiatives undertaken in an effort to facilitate the adoption of EVs for public transport. 

The prominent players in global automotive electric drivetrain components market include Robert Bosch GmbH, Aisin Seiki Co. Ltd., Magna International Inc., Denso Corporation, JATCO Ltd., Hexagon AB, Hofer Powertrain, Valeo, Aptiv plc (Delphi Automotive), BorgWarner Inc., Continental AG, ZF Friedrichshafen AG, GKN Automotive Ltd., Schaeffler Group, and Univance Corporation among others.