Asia-Pacific EV Powertrain Market 2027 By Product Type, and Application

Asia-Pacific EV Powertrain Market to 2027 - Regional Analysis and Forecasts by Product Type (Series Hybrid Powertrain, Battery Electric Vehicle Powertrain, Series-Parallel Hybrid Powertrain, Mild Hybrid Powertrain, Parallel Hybrid Powertrain); Application (Passenger Cars and Commercial Vehicles)

  • Report Code : TIPRE00009245
  • Category : Automotive and Transportation
  • Status : Published
  • No. of Pages : 128
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The EV powertrain market in Asia-Pacific is expected to grow from US$ 20.27 Bn in 2018 to US$ 59.10 Bn by the year 2027. This represents a CAGR of 12.8% from the year 2019 to 2027.

The EV powertrain market outlook is positive, as the electric vehicles are gaining popularity among the end-users. Increasing the adoption of these vehicles would enable the manufacturers to increase their production lines, thereby requiring an increased quantity of EV powertrains. This factor is expected to drive the EV powertrain market. Additionally, the presence of a large number of well-established and automotive industry recognized players in the market is allowing the end-users to technologically enhanced powertrain products, which is also a key driving force of the EV powertrain market. The volume of EV powertrain procurement is at a constant rise in the current scenario, owing to the fact that the OEMs are increasingly procuring the powertrains in large quantities to cater to the needs of the manufacturing of existing vehicle models and to test respective newer models practically.

The governments of various countries are undertaking initiatives for reducing custom duty and taxes on various EV components. For instance, in 2019, the Indian government reduced the custom duty on EV components by 5%. This led to a reduction in tax collected through electric vehicles by 5%.  Thus, the support from the government and increasing awareness among the consumers about the ill effects of the emissions are creating an opportunity for ICE vehicle manufacturers to invest in electric vehicle production.

Currently, China is dominating the EV powertrain market in terms of installation, which in turn boosts the demand for the EV powertrain market in the region. China has been the largest automotive market globally over the years. The growth in the automotive sector in China has been achieved mainly through the establishment of various joint ventures with car manufacturers such as Volkswagen, General Motors, and others. According to The International Council on Clean Transportation, China produced around 1,078,000 electric vehicles (passenger cars and light commercial vehicles) in 2018. Also, according to the China Association of Automobile Manufacturers (CAAM) in 2019, battery electric vehicle (BEV) production reached around 1.02 million units, with 3.4% of growth. Whereas, the plug-in hybrid vehicle (PHV) production reached up to 220,000 units. The figure given below highlights the revenue share of India in the Asia-Pacific EV powertrain market in the forecast period:

India EV Powertrain Market Revenue and Forecasts to 2027 (US$ Mn)

India EV Powertrain Market
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

Asia-Pacific EV Powertrain Market - Segmentation


Asia-Pacific EV Powertrain Market – By Product Type

  • Series Hybrid Powertrain
  • Battery Electric Vehicle Powertrain
  • Series-Parallel Hybrid Powertrain
  • Mild Hybrid Powertrain
  • Parallel Hybrid Powertrain


Asia-Pacific EV Powertrain Market – By Application

  • Passenger Cars
  • Commercial Vehicles


Asia-Pacific EV Powertrain Market – By Country

  • China
  • Japan
  • India
  • South Korea


Asia-Pacific EV Powertrain Market -Companies Mentioned

  • Continental AG
  • Cummins Inc.
  • Dana Limited
  • Magna International
  • Mahle GmbH
  • Maxim Integrated
  • Robert Bosch GmbH
  • Tata Elxsi
  • Valeo SA
  • ZF Friedrichshafen AG
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Product Type, Application

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

Australia, China, Japan, South Korea

The List of Companies - Asia-Pacific EV Powertrain Market

  1. Continental AG
  2. Cummins Inc.
  3. Dana Limited
  4. Magna International
  5. Mahle GmbH
  6. Maxim Integrated
  7. Robert Bosch GmbH
  8. Tata Elxsi
  9. Valeo SA
  10. ZF Friedrichshafen AG

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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