Global Driveline Market Size By Vehicle Type, By Transmission Type, By Architecture, By Geographic Scope And Forecast

Driveline Market Size And Forecast

Driveline Market size was valued at USD 24.04 Billion in 2020 and is projected to reach USD 86.55 Billion by 2028, growing at a CAGR of 16.98% from 2021 to 2028.

The growing demand for four-wheeled vehicles, particularly cars, all around the world may open up new opportunities for the Global Driveline Market. The Global Driveline Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Driveline Market Definition

The driveline is a vehicle component that contains the transmission, driveshafts, differentials, and the final drive to transfer torque and rotation and supply power to the driving wheels. The primary purpose of the driveline is to connect the engine to the driving wheels. The power produced by the engine is being used to rotate the axle by the driving wheels. Driveline systems are components of the powertrain that are used for power control and vehicle movement. The driveline industry is increasing rapidly in response to the sales growth of hybrid and electric vehicles.

Driveline is classified as Battery Electric Vehicle, Plug-In Electric, and Hybrid Vehicle. Plug-in electric vehicles use grid electricity to power large battery packs, which are used to power an electric motor. They are powered primarily by electricity instead of liquid fuels and emit no tailpipe emissions. Hybrid electric vehicles are powered by an internal combustion engine and an electric engine that uses battery storage.

The driveline of the vehicle transfers power from the engine and transmission to the wheels. It consists of axles, driveshafts, wheels, joints, and differentials. These components endure the full force of the vehicle.

Global Driveline Market Overview

With the significant development in parallel hybrid architect's rising trend over other driveline architectures, the Driveline Market has a huge potential for growth during the forecast period. Moreover, the widespread use of sophisticated technology in electric cars, such as e-axle and e-CVT, is affecting the growth of the Driveline Market. Additionally, the growing market for four-wheeler vehicles, particularly cars, all around the world is boosting the growth of the Driveline Market, which, in turn, is fueling the growth of the target market.

Furthermore, the driveline provides sufficient energy and excellent acceleration to the driving wheels, and it is proficient and simple to install, which contributes to the Driveline Market's growth in the forecasted period. The rising popularity of parallel hybrid architecture over the other driveline architectures drives up product demand. Moreover, governments' strict emission regulations are attempting to force OEMs to implement hybrid and electric vehicle technology, which is driving the Driveline Market. The massive development of fuel injections, gasoline direct injections, as well as other related equipment also drives the growth of the Driveline Market.

The complexity of attaining and sustaining an ideal power-to-weight ratio act as a market restraint for driveline in the forecasted period, whereas inadequate charging infrastructure for electric vehicles in developing nations can affect the growth of the Global Driveline Market over the forecasted period. The increase in the supply of electric buses and trucks, as well as the increasing use of alternate materials for a whole weight reduction to open up new avenues in electric vehicle technologies, provides various opportunities for growth for the Driveline Market.

Global Driveline Market: Segmentation Analysis

The Global Driveline Market is segmented on the basis of Vehicle Type, Transmission Type, Architecture, And Geography.

Driveline Market, By Vehicle Type

• Hybrid Vehicles (HEV)
• Battery Electric Vehicle (BEV)
• Plug-In Electric Hybrid (PHEV)

Based on Vehicle Type, The market is segmented into Hybrid Vehicles (HEV), Battery Electric Vehicle (BEV), and Plug-In Electric Hybrid (PHEV). Hybrid Vehicles (HEV) have the highest growing segment of the Global Driveline Market. With the severity of the current energy situation, emission levels are decreasing and the preservation of vitality has progressively become for automobiles. Since these segments are used widely in HEVs, substituting the direct gas infusion system or fueling vehicles with these parts to reduce carbon emissions fuels the Driveline Market.

Driveline Market, By Transmission Type

• Electronic Continuously Variable Transmission (E-CVT)
• Automatic Transmission (AT)
• Dual Clutch Transmission (DCT)

Based on Transmission Type, The market is segmented into Electronic Continuously Variable Transmission (E-CVT), Automatic Transmission (AT), and Dual Clutch Transmission (DCT). Automatic Transmission (AT) is a type of motor-driven car transmission that changes gear ratios naturally as the car is moving, liberating the driver from physical gear shifting, and therefore is likely to be in high demand during the forecasted period.

Driveline Market, By Architecture

• Power Spilt
• Series
• EV Driveline
• Parallel

Based on Architecture, The market is segmented into Power Spilt, Series, EV Driveline, and Parallel. The Series has the largest growing segment of the Global Driveline Market. The serial transmission connects to the serial mix to communicate movement that is expected to expand at a fast pace as compared to others through the forecasted period.

Driveline Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the world
• On the basis of Geography, The Global Driveline Market is segmented into North America, Europe, Asia-Pacific, and the Rest of the world. North America has the largest growing segment of the Global Driveline Market. The increased pace of powertrain owning and blasting region, leading to an increase in car production using the driveline for electric cars, especially in China and India.

Key Players

The "Global Driveline Market" study report will provide valuable insight with an emphasis on the global market. The major players in the market are Borgwarner, Continental, Denso, Robert Bosch, GKN, Delphi, Valeo, Hitachi, Schaeffler, ZF. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.