With the rapid development of the global automotive industry, especially the booming new energy vehicle market, the market demand for the automotive powertrain industry is showing a trend of diversification and intelligence. According to the statistics and forecast data given in the 2024 Automotive Powertrain Test Market Report, in 2023, the global and Chinese automotive powertrain test market sizes will reach 4394.526 billion yuan and 1330.662 billion yuan respectively. It is expected that the global automotive powertrain test market will grow at a compound annual growth rate of 5.8%, and by 2029, the total size of the global automotive powertrain test market will reach 6357.376 billion yuan.
The automobile powertrain refers to a series of components and assemblies on the vehicle that generate power and transmit it to the road. In a broad sense, the powertrain includes the engine, transmission, drive shaft, differential, clutch, etc. Among them, the engine is the heart of the car, responsible for converting other forms of energy into mechanical energy, covering crankshaft, timing, valve distribution, lubrication and other components as well as intake, exhaust, cooling, oil supply and other systems. The transmission is the central system for power transmission and conversion, mainly manual and automatic, which can change the transmission ratio to adapt to changes in driving conditions and facilitate engine starting, speed change and power output. The drive shaft can propel the loader and make the drive wheels rotate at different angular velocities, while the differential is used to distribute power to the front and rear drive wheels in four-wheel drive vehicles. Usually, the powertrain generally refers only to the engine, transmission and other parts integrated into the transmission, such as clutch, front differential, etc. The powertrain determines the power, economy and environmental protection of the car. Its structure is complex, with many parts, high mechanical precision requirements and high cost. It is one of the core technologies of automobile companies and a hot spot for the market and consumers.
Survey on the market development status of the automotive powertrain industry
In 2025, the automotive powertrain industry market will show the following significant characteristics:
Rapid penetration of new energy technologies: As global requirements for environmental protection and energy conservation increase, the new energy vehicle market continues to expand, driving innovation in powertrain technology. For example, key technologies such as chip integration, all-in-one electric drive systems, and intelligent energy management strategies are expected to achieve technological breakthroughs in new energy A-class passenger vehicles, reducing power consumption per 100 kilometers to less than 10kWh.
Development of intelligence and connectivity: The rapid development of intelligent connectivity technology requires that automotive powertrain systems not only meet basic power transmission needs, but also need to be deeply integrated with on-board intelligent computing platforms, intelligent driving systems, etc. to achieve greater efficiency. , more intelligent power management.
Diversification of competition: Traditional automotive powertrain companies, such as engine manufacturers and gearbox manufacturers, are facing competition from new energy vehicle companies, smart driving technology providers, etc. At the same time, the rapid growth of the new energy vehicle market has also attracted a large number of new players, making the competition more diversified.
Promotion of policies and regulations: Governments of various countries have continuously increased their support for the new energy vehicle industry and introduced a series of preferential policies and subsidy measures, which have promoted the rapid development of the new energy vehicle market. At the same time, the continuous improvement of automobile emission standards has also prompted automobile powertrain companies to accelerate technological innovation and transformation and upgrading.
According to the "2024-2029 China Automotive Powertrain Industry In-depth Research and Investment Opportunity Analysis Report" released by China Research Institute of Industry:
In terms of competition, traditional automotive powertrain companies such as Volkswagen of Germany and Toyota of Japan still occupy a certain market share by virtue of their deep accumulation in the fields of engines and gearboxes. However, with the rapid growth of the new energy vehicle market, new energy vehicle companies such as Tesla and BYD have rapidly emerged as new forces in the market by virtue of their innovative technologies and flexible business models. In addition, some intelligent driving technology providers such as Baidu Apollo and Mobileye are also actively deploying in the field of automotive powertrain and seeking cooperation opportunities with automobile companies.
Research and analysis on the forecast of future development prospects of the automotive powertrain industry
Looking into the future, the automotive powertrain industry market will present the following development trends:
Electrification and intelligence go hand in hand: With the continuous expansion of the new energy vehicle market and the rapid development of intelligent driving technology, the automotive powertrain system will pay more attention to the integration of electrification and intelligence. In the future, new energy vehicles will occupy a larger market share, and intelligent driving technology will become an important part of the automotive powertrain system.
Technological innovation and industrial upgrading: Driven by new energy vehicles and intelligent driving technologies, the automotive powertrain industry will accelerate the pace of technological innovation and industrial upgrading. For example, smart batteries are expected to achieve technological breakthroughs in the synchronous self-sensing of internal potential, temperature, deformation, air pressure, and key components, self-regulation of internal air pressure, and self-repair of short-circuit damage, the in-vehicle intelligent computing platform will continue to optimize the cost reduction and quality improvement strategy to promote the widespread application of intelligent driving technology.
Industry chain integration and coordinated development: In the future, the automotive powertrain industry will pay more attention to industry chain integration and coordinated development. Auto companies will strengthen cooperation with upstream and downstream companies in the industry chain, such as powertrain suppliers and smart driving technology providers, to jointly promote technological innovation and industrial upgrading.
Environmental protection and sustainable development: As global requirements for environmental protection and sustainable development increase, the automotive powertrain industry will pay more attention to environmental protection and sustainable development. In the future, the automotive powertrain system will pay more attention to energy conservation, emission reduction and recycling, and promote the automotive industry to develop in a greener and low-carbon direction.
In summary, the automotive powertrain industry market will present trends such as electrification, intelligence, technological innovation, industrial chain integration and coordinated development, as well as environmental protection and sustainable development in the future. In the face of these trends, automotive powertrain companies need to strengthen technological innovation and industrial upgrading, and actively respond to market changes to achieve sustainable development.