Powertrain Market Is Projected to Be Worth US $524.6 Billion by 2020
The high degree of fragmentation observed in the global powertrain market has resulted in several players intensifying their R&D efforts in order to take up a dominant share in the market. This is likely to be a key feature of the market in the coming years, with powertrains being a crucial field linked closely with economic development and environmental conservation. The market has also become difficult for new players to enter despite the heavy competition between the established players.
View full press release