Electric Powertrain Market Size, Share and Growth Analysis Report: Forecast Trends and Outlook (2026-2035)

Global Electric Powertrain Market Trends

EVs are powered by an electric powertrain, which eliminates the need for an internal combustion engine. An electric powertrain is a small and lightweight mechanism that creates very little vibration and produces immediate torque. These factors work together to produce a high-quality, fluid, and highly responsive drive.

Electric powertrain systems are essential in producing and delivering power to the road surface in electric, hybrid, and plug-in hybrid electric vehicle applications.

• The growing efficiency and sustainability of the transportation sector are expected to surge the usage of a wide variety of electric powertrains in the electric vehicles sector.

• As traditional fuel cars are likely to become less common in the coming years, the popularity of electric vehicles is expected to grow owing to their environmental advantages and low ownership costs. This is anticipated to fuel the market for electric powertrains in the coming years.

• Governments globally have started implementing favourable regulations to promote the use of electric vehicles and other alternative fuel vehicles. In addition, they are offering attractive incentives to boost the domestic production of electric vehicles, which is expected to favour the electric powertrain market growth.

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Global Electric Powertrain Market Opportunities and Challenges

There is a substantial increase in oil and gas prices, the surging depletion of global oil deposits, and rising concerns regarding the environmental impact of fossil fuels. Hence, the automotive sector is witnessing a shift towards green energy. This is driving the focus of automotive manufacturers to develop e-powertrains that consume little energy and emit low amount of greenhouse gases.

Despite the rapid and large-scale penetration of electric vehicles, the market for electric powertrains is hindered by the lack of charging stations. In addition, the rise in battery costs can negatively impact the expansion of electric powertrains.

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Global Electric Powertrain Market Segmentation

Electric Powertrain Market Share by Component

The battery segment is anticipated to hold a significant market share owing to the increasing advancements in battery technologies. Batteries in electric vehicles are either used as a single source of power or are utilised with other power sources.

The transmission segment is likely to cover a significant market share as electric vehicles are usually equipped with single-speed transmissions. Besides, major manufacturers are developing transmissions with load-shifting capabilities and multispeed transmission sailing operations for electric vehicles.

Passenger Cars are Expected to Hold a Considerable Position in the Market for Electric Powertrain

The passenger car segment is expected to hold a considerable position in the market owing to the increasing demand for personal vehicles. The increasing disposable incomes of consumers, coupled with the cost-effectiveness offered by electric vehicles, are increasing their adoption in both developing and developed countries. The sales of passenger vehicles are further supported by technological advancements, which is reducing their overall costs, thereby driving the development of the market in the forecast period.

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Purchase the Regional Overview for USD 1099

If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Purchase the Regional Overview for USD 1099

If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Purchase the Regional Overview for USD 1099

If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Market Share by Region

Europe is expected to hold a considerable position in the market owing to the rising focus on green energy generation and utilisation. Stringent policies implemented by governments of various countries in the region to reduce greenhouse emissions from the automotive sector are prompting auto manufacturers to utilise electric powertrain. In addition, the increasing adoption of electric passenger vehicles and the significant reduction in acceptance of combustion engine-based vehicle in Europe are favouring the market demand.

The Asia Pacific region is likely to register a rapid growth owing to the rapidly rising fuel prices and increasing promotion of electric vehicles by governments. Countries like India and China are implementing favourable regulations aimed at aiding sales of EVs, which is anticipated to further propel the electric powertrain market development in the forecast period.

Competitive Landscape

Other market players include Denso Corporation, Hitachi Automotive, Magna International Inc., Marelli Holdings Co., Ltd., Panasonic Holdings Corporation, Valeo Group, and Schaeffler AG, among others.