Electric Powertrain Market

The global electric powertrain market size is to grow by USD 760 billion by 2030 at a CAGR of 32% from the early figures of USD 61 billion in 2021.

The value chain of the electric powertrain market includes tier 2+ suppliers, tier 1 suppliers, integrated electric chassis solution providers, Original Equipment Manufacturers (OEMs), and new electric vehicle startups. Steel, plastic, aluminum, rubber, aluminum alloys, nickel, lithium, and cobalt are some of the raw materials used to make electric powertrain parts. Motor, reducer, battery, on-board charger, and battery management system are the main parts of an electric powertrain. In the automotive industry, the value chain from tier 2+ to tier 1 suppliers to OEMs has been the norm for the past few decades. With the improvement of electric vehicle technology, the supply chain has changed into an ecosystem where the lines between industries are not fixed.