TendieTensor TendieTensor
You’re browsing as
Guest
Free Preview
Sign in/sign up to unlock all features.

News  ›  GlobeNewswire Inc.

Electric Powertrain Market is expected to generate a revenue of USD 211.7 Billion by 2032, Globally, at 13.20% CAGR: Verified Market Research®

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Verified Market Research®
Electric Powertrain Market is expected to generate a revenue of USD 211.7 Billion by 2032, Globally, at 13.20% CAGR: Verified Market Research®

The global electric powertrain market is projected to grow at a CAGR of 13.20% from 2026 to 2032, reaching USD 211.7 billion by 2032, up from USD 85.71 billion in 2024. Growth is driven by rising EV adoption, technological advancements, and government incentives, though challenges include high initial costs, limited charging infrastructure, and battery performance concerns. Asia-Pacific leads the market, followed by North America and Europe.

Insights
PIPR   neutral

Mentioned as conference host with no specific evaluation


MIELY   positive

Key market player in the expanding electric powertrain sector with exposure to growing demand for powertrain components and technologies.