Original Report, O. Alexy et al., McKinsey & Company, May 21, 2021
The shift to electric powertrains will ripple back to affect the machine-tool industry. Powertrain equipment demand made up more than 40 percent of the automotive industry’s share of global transportation equipment demand in 2019. Given the significance of this segment, McKinsey & Company collaborated with the Entrepreneurship Research Institute of the Technical University of Munich to explore the impact of electrification on automotive powertrain machine tool manufacturers.
