Powertrain Market Research Report

the clients on the changes affecting the current value chains, solutions for the suppliers, significant transformations in the market, and challenges associated with them. Since the past few years, the automotive industry was mainly comprised of two types of powertrain- diesel and gasoline. At present, the industry is largely dependent on the stringent rules and regulations imposed by the governments that promote the usage of more efficient and environmentally friendly transportation. Thus, there is a wide mix of powertrain in the industry. The landscape of powertrain sector is starting to become more dynamic and complex owing to the rising adoption of electric and hybrid varieties. These developments are mainly fueled by the original equipment manufacturers (OEMs). So, the new entrants and suppliers are looking at the sector in a comprehensive manner. In the next five to ten years, the utilization of alternative powertrains will be driven by shifting consumer preference, total cost of ownership (TCO), infrastructure, technology, and regulations. Most of the suppliers are persistently striving to remould their strategies to respond to the shifting nature of this sector.