전기차 파워트레인 시장 : 점유율 분석, 업계 동향 및 통계, 성장 예측(2026-2031년)

According to Mordor Intelligence, the electric vehicle powertrain market size was valued at USD 217.81 billion in 2025 and estimated to grow from USD 259.92 billion in 2026 to reach USD 687.64 billion by 2031, at a CAGR of 21.48% during the forecast period (2026-2031).

This report is Segmented by Component (Battery Motors, Transmission, and More), Propulsion Type (Battery Electric Vehicle (BEV) and More), Vehicle Class (Passenger Cars, Light Commercial Vehicles, and More), Voltage Architecture (Less Than Equal To 800 V Systems and More), Sales Channel (OEM-Fitted Powertrains and More) and Geography. The Market Forecasts are Provided in Terms of Value (USD).

Global Electric Vehicle Powertrain Market Trends and Insights

Surging Global Electric Vehicle Sales Volumes

Global registrations of battery-electric and plug-in hybrid vehicles have increased significantly, prompting Tier-1 suppliers to establish dedicated e-drive lines instead of sharing production space with combustion engines. China has emerged as a dominant market, with automakers offering battery-swap services and complimentary charging to lower the total cost of ownership for consumers. In Europe, logistics providers have rapidly adopted electric vans to comply with urban low-emission zone regulations. In North America, the focus on pickups and sport utility vehicles has driven up the powertrain content value per vehicle. The growing demand is pressuring suppliers to localize operations, as revised trade rules now impose tariffs on cross-border shipments of complete e-axles..

Stringent Tail-Pipe and Zero-Emission Vehicle Regulations

Starting mid-2025, Euro 7 standards will impose stricter nitrogen-oxide limits and set new brake-particulate thresholds. These changes challenge the viability of small-battery plug-in hybrids . California's Advanced Clean Cars II mandates a 68% penetration of zero-emission vehicles (ZEVs) by 2030, a target already embraced by 11 states across the United States. In China, a dual-credit system incentivizes longer-range battery electric vehicles (BEVs) and penalizes those with subpar fleet-average fuel economies. This system steers original equipment manufacturers (OEMs) towards high-energy-density chemistries. Additionally, tradable-credit programs empower manufacturers to produce excess electric vehicles in regions where they comply with regulations. They can then sell these credits to competitors, further solidifying the trend of clustering e-drive plants close to final assembly hubs.

Public DC-Fast-Charging Gap in Emerging Markets

India operates a limited number of public charging points, resulting in a significant vehicle-to-charger ratio that heightens range anxiety. In Brazil, charging infrastructure is heavily concentrated in a few metropolitan areas, leaving inter-city corridors underserved. Thailand approved a substantial number of highway DC chargers, but only a fraction became operational due to delays in permitting. Sparse networks hurt residual values, with used battery electric vehicles (BEVs) trading at notable discounts compared to combustion models in these markets. Governments are intervening with subsidies and mandates to address the ongoing stalemate between the adoption of electric vehicles and the utilization of charging infrastructure.

Other drivers and restraints analyzed in the detailed report include:

1. Rapid Cost Decline in High-Nickel Battery Chemistries
2. OEM Shift to 800-Volt Architectures
3. Critical-Mineral Supply Volatility

For complete list of drivers and restraints, kindly check the Table Of Contents.

Segment Analysis

Power electronics revenue is forecast to post a 29.42% CAGR between 2026 and 2031 as silicon-carbide inverters and integrated converters become standard on 800-volt platforms. Battery packs held a 38.32% share of the electric vehicle powertrain market size in 2025; however, price pressure from Chinese cell oversupply is driving OEMs to treat packs as commoditized, while seeking a competitive edge through proprietary battery-management software.

Electric motors account for a significant portion of component expenditure, with permanent-magnet designs leading in terms of torque density. Single-speed e-axle systems hold a notable share, while niche multigear units are designed to support heavy trucks requiring enhanced gradeability. Thermal loops are evolving into refrigerant heat-pump systems, which help recover a portion of cold-weather range losses. High-voltage wiring, controllers, and bidirectional on-board chargers complete the mix, as OEM vertical integration captures margins previously held by Tier-1 suppliers.

Battery electric vehicles generated 71.24% of 2025 revenue and are projected to grow at a 24.80% CAGR through 2031, narrowing the total-cost-of-ownership gap with combustion variants in regions where electricity prices remain below USD 0.15/kWh. Plug-in hybrids face diminishing returns once Euro 7 real-world testing exposes the gaps between laboratory and road emissions, eroding regulatory credits and consumer appeal.

Fuel-cell powertrains, once a niche technology, are now primarily adopted by heavy-duty fleets, capitalizing on hydrogen's rapid refueling advantage. With the introduction of high-energy-density packs, such as those developed by leading manufacturers, long-range BEVs are overshadowing the need for the complexities of PHEVs. While off-highway equipment and certain regions with limited charging infrastructure still find value in PHEVs, ongoing advancements in chemistry are steadily diminishing that advantage.

Complete Report Scope:

• By Component
  • Electric Motors
    • Permanent-Magnet Synchronous
    • Induction
    • Switched-Reluctance
  • Transmission / e-Axle Systems
    • Single-Speed
    • Multi-Speed
  • Power Electronics
    • Inverters
    • DC-DC Converters
    • On-Board Chargers
  • Battery Pack
  • Thermal Management Systems
  • High-Voltage Cabling & Controllers
• By Propulsion Type
  • Battery Electric Vehicle (BEV)
  • Plug-in Hybrid Electric Vehicle (PHEV)
  • Fuel-Cell Electric Vehicle (FCEV)
• By Vehicle Class
  • Passenger Cars
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles
  • Two and Three-Wheelers
  • Off-Highway Vehicles
• By Voltage Architecture
  • Less than equal to 400 V Systems
  • 800 V Systems
  • Above 800 V Systems
• By Sales Channel
  • OEM-Fitted Powertrains
  • Aftermarket Retrofit Kits
• By Geography
  • North America
    • United States
    • Canada
    • Rest of North America
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Europe
    • Germany
    • United Kingdom
    • France
    • Italy
    • Spain
    • Netherlands
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Thailand
    • Vietnam
    • Rest of Asia-Pacific
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Turkey
    • South Africa
    • Egypt
    • Rest of Middle East and Africa

Geography Analysis

Asia-Pacific commanded 57.66% of the electric vehicle powertrain market in 2025 and is projected to grow at a 26.64% CAGR through 2031. China's comprehensive ecosystem, spanning from lithium refining to final assembly, solidifies its cost leadership. In contrast, India's production-linked incentive program, which mandates a significant domestic value addition for subsidies, has catalyzed the establishment of planned cell capacity, albeit with some delays in land acquisition. Meanwhile, Japan and South Korea are shifting their focus from combustion engines to e-drive components. Notably, LG Energy Solution's Ochang plant has produced pouch cells, primarily targeting European contracts. Concurrently, Nidec has successfully shipped traction motors. Southeast Asia is positioning itself as a burgeoning hub: Thailand is offering tax holidays for projects that achieve a substantial local content, and Vietnam's VinFast has commenced export shipments to North America.

Europe contributes a significant share of powertrain revenue. The Important Projects of Common European Interest initiative has allocated substantial funding towards gigafactories. This funding is set to bolster Northvolt, ACC, and CATL, granting them a combined capacity in the years to come. However, Germany's established OEMs are grappling with hefty retooling costs for each plant. On another front, the United Kingdom's Advanced Propulsion Centre is investing in silicon-carbide research and development, aiming to reduce its reliance on rare-earth magnets. Spain and Italy are emerging as hotspots for battery assembly projects, lured by their competitive labor costs. Additionally, the Port of Rotterdam is playing a pivotal role in re-export logistics, handling both Chinese-made electric vehicles and lithium imports.

North America accounts for a notable share of global revenue. The Inflation Reduction Act's Section 45X is a game-changer, offering cell credits. This incentive has spurred significant investments in batteries and electric drives. In the United States, newly announced gigafactories are ambitiously targeting substantial annual output. Meanwhile, Canada is securing a notable capacity, thanks to provincial subsidies. Mexico is capitalizing on USMCA regulations, facilitating the establishment of new plants by BMW and Tesla, ensuring they can serve the United States market without tariffs. In contrast, South America, the Middle East, and Africa collectively account for a smaller market share. Highlights from these regions include Brazil witnessing a surge in sales, Saudi Arabia's commitment to Lucid's plant, and South Africa's trials with battery-electric haul trucks, aiming to reduce mine ventilation costs.

1. Tesla, Inc.
2. BYD Co. Ltd.
3. Bosch Mobility (Robert Bosch GmbH)
4. Magna International Inc.
5. BorgWarner Inc.
6. ZF Friedrichshafen AG
7. Dana Incorporated
8. GKN Automotive
9. Hitachi Astemo, Ltd.
10. Mitsubishi Electric Corporation
11. AVL List GmbH
12. Cummins Inc.
13. Siemens AG (eMobility)
14. Nidec Corporation
15. Continental AG
16. Valeo SA
17. Vitesco Technologies Group AG
18. AISIN Corporation
19. Denso Corporation
20. Schaeffler AG
21. Hyundai Mobis Co., Ltd.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

TABLE OF CONTENTS

1 Introduction

• 1.1 Study Assumptions and Market Definition
• 1.2 Scope of the Study

2 Research Methodology

3 Executive Summary

4 Market Landscape

• 4.1 Market Overview
• 4.2 Market Drivers
  • 4.2.1 Surging Global Electric Vehicle Sales Volumes
  • 4.2.2 Stringent Tail-pipe and Zero-Emission Vehicle (ZEV) Regulations
  • 4.2.3 Rapid Cost Decline in High-nickel Battery Chemistries
  • 4.2.4 Original Equipment Manufacturer (OEM) Shift to 800-volt Architectures
  • 4.2.5 Localization Incentives for E-drive Manufacturing
  • 4.2.6 Tier-1 Vertical Integration of E-Axle Bundles
• 4.3 Market Restraints
  • 4.3.1 Public DC-fast-charging Gap in Emerging Markets
  • 4.3.2 Critical-mineral Supply Volatility
  • 4.3.3 Thermal-runaway Safety and Warranty-cost Exposure
  • 4.3.4 High-voltage Talent Shortage in Manufacturing Hubs
• 4.4 Value / Supply-Chain Analysis
• 4.5 Regulatory Landscape
• 4.6 Technological Outlook
• 4.7 Porter's Five Forces
  • 4.7.1 Threat of New Entrants
  • 4.7.2 Bargaining Power of Buyers
  • 4.7.3 Bargaining Power of Suppliers
  • 4.7.4 Threat of Substitutes
  • 4.7.5 Intensity of Competitive Rivalry

5 Market Size and Growth Forecasts (Value in USD)

• 5.1 By Component
  • 5.1.1 Electric Motors
    • 5.1.1.1 Permanent-Magnet Synchronous
    • 5.1.1.2 Induction
    • 5.1.1.3 Switched-Reluctance
  • 5.1.2 Transmission / e-Axle Systems
    • 5.1.2.1 Single-Speed
    • 5.1.2.2 Multi-Speed
  • 5.1.3 Power Electronics
    • 5.1.3.1 Inverters
    • 5.1.3.2 DC-DC Converters
    • 5.1.3.3 On-Board Chargers
  • 5.1.4 Battery Pack
  • 5.1.5 Thermal Management Systems
  • 5.1.6 High-Voltage Cabling & Controllers
• 5.2 By Propulsion Type
  • 5.2.1 Battery Electric Vehicle (BEV)
  • 5.2.2 Plug-in Hybrid Electric Vehicle (PHEV)
  • 5.2.3 Fuel-Cell Electric Vehicle (FCEV)
• 5.3 By Vehicle Class
  • 5.3.1 Passenger Cars
  • 5.3.2 Light Commercial Vehicles
  • 5.3.3 Heavy Commercial Vehicles
  • 5.3.4 Two and Three-Wheelers
  • 5.3.5 Off-Highway Vehicles
• 5.4 By Voltage Architecture
  • 5.4.1 Less than equal to 400 V Systems
  • 5.4.2 800 V Systems
  • 5.4.3 Above 800 V Systems
• 5.5 By Sales Channel
  • 5.5.1 OEM-Fitted Powertrains
  • 5.5.2 Aftermarket Retrofit Kits
• 5.6 By Geography
  • 5.6.1 North America
    • 5.6.1.1 United States
    • 5.6.1.2 Canada
    • 5.6.1.3 Rest of North America
  • 5.6.2 South America
    • 5.6.2.1 Brazil
    • 5.6.2.2 Argentina
    • 5.6.2.3 Rest of South America
  • 5.6.3 Europe
    • 5.6.3.1 Germany
    • 5.6.3.2 United Kingdom
    • 5.6.3.3 France
    • 5.6.3.4 Italy
    • 5.6.3.5 Spain
    • 5.6.3.6 Netherlands
    • 5.6.3.7 Rest of Europe
  • 5.6.4 Asia-Pacific
    • 5.6.4.1 China
    • 5.6.4.2 Japan
    • 5.6.4.3 India
    • 5.6.4.4 South Korea
    • 5.6.4.5 Thailand
    • 5.6.4.6 Vietnam
    • 5.6.4.7 Rest of Asia-Pacific
  • 5.6.5 Middle East and Africa
    • 5.6.5.1 Saudi Arabia
    • 5.6.5.2 United Arab Emirates
    • 5.6.5.3 Turkey
    • 5.6.5.4 South Africa
    • 5.6.5.5 Egypt
    • 5.6.5.6 Rest of Middle East and Africa

6 Competitive Landscape

• 6.1 Market Concentration
• 6.2 Strategic Moves
• 6.3 Market Share Analysis
• 6.4 Company Profiles (Includes Global-level Overview, Market-level Overview, Core Segments, Financials, Strategic Information, Market Rank/Share, Products & Services, Recent Developments)
  • 6.4.1 Tesla, Inc.
  • 6.4.2 BYD Co. Ltd.
  • 6.4.3 Bosch Mobility (Robert Bosch GmbH)
  • 6.4.4 Magna International Inc.
  • 6.4.5 BorgWarner Inc.
  • 6.4.6 ZF Friedrichshafen AG
  • 6.4.7 Dana Incorporated
  • 6.4.8 GKN Automotive
  • 6.4.9 Hitachi Astemo, Ltd.
  • 6.4.10 Mitsubishi Electric Corporation
  • 6.4.11 AVL List GmbH
  • 6.4.12 Cummins Inc.
  • 6.4.13 Siemens AG (eMobility)
  • 6.4.14 Nidec Corporation
  • 6.4.15 Continental AG
  • 6.4.16 Valeo SA
  • 6.4.17 Vitesco Technologies Group AG
  • 6.4.18 AISIN Corporation
  • 6.4.19 Denso Corporation
  • 6.4.20 Schaeffler AG
  • 6.4.21 Hyundai Mobis Co., Ltd.

7 Market Opportunities and Future Outlook

• 7.1 White-Space and Unmet-Need Assessment