According to the latest report released by Global Industry Analysts, Inc. (GIA), a global business analyst firm, the company predicts that the total sales volume of global automotive powertrain systems in 2017 will reach 116 million sets.
In its report, global industry analysts pointed out that due to the resumption of growth in gross domestic product (GDP), rising employment, higher income levels, and rising consumer confidence, new car demand continues to increase, the market for automotive powertrain systems Demand is also increasing, which is particularly prominent in the OEM business.
The company further pointed out in its report that due to the increasing environmental awareness of people, coupled with constant fluctuations in fuel prices and increasingly stringent regulatory restrictions, alternative energy vehicles such as hybrid vehicles and electric vehicles are bound to drive hybrid and electric vehicles. Powertrain development.
The company also pointed out that the Asia Pacific region is the largest consumer market for the global automotive powertrain system. As the demand for new cars in emerging markets such as China and India continues to grow, the demand for automotive products in the region is also relatively strong.
Although gasoline power accounts for the largest proportion of the global automotive powertrain system business, the company believes that because of the high fuel efficiency of the diesel powertrain system, it is easier to meet emission standards and, most importantly, it is better than the gasoline powertrain. The cost is low. Therefore, the company expects that the diesel powertrain system will begin to grab the market share of the gasoline powertrain system in 2017.
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