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Answer : According to Precedence Research, the automotive powertrain market was valued at USD 697.7 billion in 2020 and is predicted to reach around USD 1,264.75 billion by 2030.

Answer : The automotive powertrain market is growing at a CAGR of 6.1% over the forecast period 2022 to 2030.

Answer : Government regulations supporting the advancement and technological development in powertrain systems along with rising demand for environment friendly vehicle are some of the prime factors that are likely to drive the market growth for automotive powertrain during the upcoming years. In addition, surge in the vehicle production particularly across developing nations are anticipated to further propel the automotive powertrain market during the forthcoming years. In 2020, China registered a rise of 5.7% in the car production reaching to 2.84 million units. Similarly, other Asian nations such as India, Japan, and South Korea are witnessing significant rise in the production of passenger cars owing to exponential rise in the demand.

Answer : On the basis of engine type, gasoline engines capture majority of market revenue share in the year 2020 and expected to grow at a steady pace during the forecast timeframe.

Answer : The Asia Pacific is the major revenue contributor for the year 2020 and anticipated to maintain the same trend over the analysis period. This is mainly attributed to the increasing sale of vehicles along with surge in demand for automated transmission in Asian countries that include India and China.

Answer : Some of the prominent players covered under the global automotive powertrain market report include Aisin Seiki Co. Ltd., Ford Motor Company, Borgwarner Inc., General Motors Company, Hyundai Motor Company, GKN PLC, Jtekt Corporation, Volkswagen AG, Toyota Motor Corporation, and ZF Friedrichshafen AG among others.