LONDON, Aug. 13, 2015 /PRNewswire/ -- The North American Drivetrain system market is estimated to grow at a CAGR of 6.6% from 2014 to 2019. U.S. holds the largest market share in the North American Drivetrain system market and is expected to grow at the CAGR of 7.0% in the forecast period followed by Canada and Mexico.
The Passenger car segment of North American drivetrain system market is estimated to grow at the highest CAGR of 6.8 % from 2014 to 2019, followed by light commercial vehicle and heavy commercial vehicle segment. The North American drivetrain system market is segmented on the basis of vehicle type, type and geography. The vehicle type segment is categorized in three further segments: passenger car, LCV and HCV. On the basis of geography, North America drivetrain market is divided into the U.S. Mexico and Canada. The drivetrain by drive types include AWD, FWD, and RWD.
The growth of the North America drivetrain system market is driven by factors such as enhanced driving experience and improved fuel efficiency over conventional systems. The factors that restrain the growth of the drivetrain system market includes high cost of high-end drivetrain systems.
The North America drivetrain system market is a competitive market with a number of market players. Currently, the North America drivetrain system market is estimated to be dominated by Aisin Seki and JATCO, BorgWarner.
New product launches and partnerships, agreements, collaborations, joint ventures, supply contacts, investments and expansions are the major strategies adopted by most market players to achieve growth in the North America drivetrain system market.
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