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Global & United States Automotive Powertrain Market to 2031

Publisher Business Market Insights
Published Jul 01, 2025
Length 107 Pages
SKU # BMKS20221651

Description

The U.S. automotive powertrain market is a significant contributor to North American economic growth, expected to be worth $76 billion in 2024 and projected to grow at a compound annual growth rate (CAGR) of 8.1% through 2031. Electric vehicle (EV) sales in 2024 reached 1.3 million units—up 7.3% from the previous year—making up 12.4% of all vehicle sales. This growth is largely supported by federal incentives like the Inflation Reduction Act and competitive EV lineups from automakers such as Ford and General Motors. Hybrid electric vehicles (HEVs) also experienced a sharp rise, with registrations jumping 33.1% in December 2024 and capturing 33.6% of the market. Despite this shift, internal combustion engine (ICE) vehicles still held a dominant 87.6% market share in 2024, though they are under increasing pressure due to tightening Corporate Average Fuel Economy (CAFE) standards. Passenger vehicles account for 70% of the market, driven by the continued popularity of SUVs, which represent 54% of all vehicle registrations. The industry faces ongoing challenges such as semiconductor shortages and uncertainty around future policy, especially potential changes to EV incentives under a possible Trump administration. Leading manufacturers like Toyota, Tesla, and GM are ramping up investments in advanced electric powertrain systems and battery innovations to keep pace with growing demand for environmentally friendly transportation.

Table of Contents

107 Pages
1. Introduction
1.1 Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
3. Research Methodology
3.1 Secondary Research
3.2 Primary Research
3.2.1 Data Triangulation and Validation:
4. United States Automotive Powertrain Market Landscape
4.1 Overview
4.2 Ecosystem Analysis
4.2.1 List of Vendors in the Value Chain
5. Automotive Powertrain Market Key Market Dynamics
5.1 Automotive Powertrain Market – Key Market Dynamics
5.2 Market Drivers
5.3 Market Restraints
5.4 Market Opportunities
5.5 Future Trends
5.6 Impact of Drivers and Restraints
6. United States Automotive Powertrain Market – Analysis
6.1 United States Automotive Powertrain Market Revenue (US$ Million), 2021–2031
6.2 United States Automotive Powertrain Market Revenue and Forecast Analysis
7. United States Automotive Powertrain Market Analysis – by Vehicle Type
7.1 United States Automotive Powertrain Market – Revenue and Forecast, 2021–2031 (US$ Million) – by Vehicle Type
8. United States Automotive Powertrain Market Analysis – by Drive Type
8.1 United States Automotive Powertrain Market – Revenue and Forecast, 2021–2031 (US$ Million) – by Drive Type
9. United States Automotive Powertrain Market Analysis – by Propulsion Type
9.1 United States Automotive Powertrain Market – Revenue and Forecast, 2021–2031 (US$ Million) – by Propulsion Type
10. United States Automotive Powertrain Market Analysis – by Ice Propulsion Type
10.1 United States Automotive Powertrain Market – Revenue and Forecast, 2021–2031 (US$ Million) – by Ice Propulsion Type
11. United States Automotive Powertrain Market Analysis – by Electric Propulsion Type
11.1 United States Automotive Powertrain Market – Revenue and Forecast, 2021–2031 (US$ Million) – by Electric Propulsion Type
12. United States Automotive Powertrain Market Analysis – by Sales Channel
12.1 United States Automotive Powertrain Market – Revenue and Forecast, 2021–2031 (US$ Million) – by Sales Channel
13. Competitive Landscape
13.1 Heat Map Analysis by Key Players
13.1 Company Positioning and Concentration
14. Industry Landscape
14.1 Overview
14.2 Market Initiative
14.2 Partnerships and Collaborations
14.2 Other Developments
15. Company Profiles
15.1 Robert Bosch GmbH
15.1. 1 Key Facts
15.1. 2 Business Description
15.1. 3 Products and Services
15.1. 4 Financial Overview
15.1. 5 SWOT Analysis
15.1. 6 Key Developments
15.2 Aisin Corp
15.2. 1 Key Facts
15.2. 2 Business Description
15.2. 3 Products and Services
15.2. 4 Financial Overview
15.2. 5 SWOT Analysis
15.2. 6 Key Developments
15.3 BorgWarner Inc
15.3. 1 Key Facts
15.3. 2 Business Description
15.3. 3 Products and Services
15.3. 4 Financial Overview
15.3. 5 SWOT Analysis
15.3. 6 Key Developments
15.4 GKN Automotive Ltd
15.4. 1 Key Facts
15.4. 2 Business Description
15.4. 3 Products and Services
15.4. 4 Financial Overview
15.4. 5 SWOT Analysis
15.4. 6 Key Developments
15.5 JTEKT Corp
15.5. 1 Key Facts
15.5. 2 Business Description
15.5. 3 Products and Services
15.5. 4 Financial Overview
15.5. 5 SWOT Analysis
15.5. 6 Key Developments
15.6 Magna International Inc
15.6. 1 Key Facts
15.6. 2 Business Description
15.6. 3 Products and Services
15.6. 4 Financial Overview
15.6. 5 SWOT Analysis
15.6. 6 Key Developments
15.7 Schaeffler AG
15.7. 1 Key Facts
15.7. 2 Business Description
15.7. 3 Products and Services
15.7. 4 Financial Overview
15.7. 5 SWOT Analysis
15.7. 6 Key Developments
15.8 Marelli Holdings Co Ltd
15.8. 1 Key Facts
15.8. 2 Business Description
15.8. 3 Products and Services
15.8. 4 Financial Overview
15.8. 5 SWOT Analysis
15.8. 6 Key Developments
15.9 ZF Friedrichshafen AG
15.9. 1 Key Facts
15.9. 2 Business Description
15.9. 3 Products and Services
15.9. 4 Financial Overview
15.9. 5 SWOT Analysis
15.9. 6 Key Developments
15.10 Valeo SE
15.10. 1 Key Facts
15.10. 2 Business Description
15.10. 3 Products and Services
15.10. 4 Financial Overview
15.10. 5 SWOT Analysis
15.10. 6 Key Developments
16. Appendix
16.1 About Business Market Insights
16.2 List of Abbreviations
TABLE OF TABLES
Table 1. United States Automotive Powertrain Market Segmentation
Table 2. List of Vendors
Table 3. United States Automotive Powertrain Market – Revenue, 2021–2024 (US$ Million)
Table 4. United States Automotive Powertrain Market – Revenue Forecast, 2025–2031 (US$ Million)
Table 5. United States Automotive Powertrain Market – Revenue, 2021–2024 (US$ Million) – by Vehicle Type
Table 6. United States Automotive Powertrain Market – Revenue Forecast, 2025–2031 (US$ Million) – by Vehicle Type
Table 7. United States Automotive Powertrain Market – Revenue, 2021–2024 (US$ Million) – by Drive Type
Table 8. United States Automotive Powertrain Market – Revenue Forecast, 2025–2031 (US$ Million) – by Drive Type
Table 9. United States Automotive Powertrain Market – Revenue, 2021–2024 (US$ Million) – by Propulsion Type
Table 10. United States Automotive Powertrain Market – Revenue Forecast, 2025–2031 (US$ Million) – by Propulsion Type
Table 11. United States Automotive Powertrain Market – Revenue, 2021–2024 (US$ Million) – by Ice Propulsion Type
Table 12. United States Automotive Powertrain Market – Revenue Forecast, 2025–2031 (US$ Million) – by Ice Propulsion Type
Table 13. United States Automotive Powertrain Market – Revenue, 2021–2024 (US$ Million) – by Electric Propulsion Type
Table 14. United States Automotive Powertrain Market – Revenue Forecast, 2025–2031 (US$ Million) – by Electric Propulsion Type
Table 15. United States Automotive Powertrain Market – Revenue, 2021–2024 (US$ Million) – by Sales Channel
Table 16. United States Automotive Powertrain Market – Revenue Forecast, 2025–2031 (US$ Million) – by Sales Channel
Table 17. List of Abbreviations
TABLE OF FIGURES
Figure 1. Impact Analysis of Drivers and Restraints
Figure 2. United States Automotive Powertrain Market Revenue, (US$ Million), 2021–2031
Figure 3. Heat Map Analysis by Key Players
Figure 4. Company Positioning and Concentration

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