Press release
Driveline Electric Vehicle Market Size & Share - Industry Trend and Forecast 2018 - 2026
The main objective of this report is to define, describe, and forecast the global “Driveline Electric Vehicle” market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market.
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Driveline is the set of components of the automotive power train that lies between the transmission and differential. It generally consists of a drive shaft and universal joints. It is a mechanical element used to transmit torque and rotation, usually used to connect other components of a drive train that cannot be linked directly owing to the distance or the need to allow for relative movement between them.
Electric vehicles need a driveline system in order to convert and control the power supply from the battery of the electric vehicle. Increasing adoption of electric vehicles is projected to boost the driveline market during the forecast period. Rigorous norms imposed globally by regulatory bodies on carbon emissions of automobiles are also anticipated to propel the adoption of driveline in electric vehicles, as they are expected to eliminate the burning of fossil fuel and generated emission in gasoline vehicles, as there is no emission from electric vehicles. Rapid usage of renewable sources of energy is a key factor that is boosting the driveline market. Manufacturing of a driveline is highly expensive and time-consuming; thus, posing a restraint to the global Driveline market.
The driveline market for electric vehicle can be segmented based on architecture, transmission type, power output, power electronics, electric vehicles type, and geography.
Based on architecture, the driveline market for electric vehicle can be classified into series driveline and other two types. Series driveline is linked in the series combination to transmit the motion.
Based on transmission type, the driveline market for electric vehicle can be segregated into automatic transmission and other three major segments. An automatic transmission, also called auto, self-shifting transmission, is a type of motor vehicle transmission that can automatically shift gear ratios as the vehicle moves, freeing the driver from having to change the gears manually.
Driveline for electric vehicle is used to transmit the power. Based on the motor power output, the driveline market for electric vehicle can be segmented into below 40 kW, and two others. Scale of vehicle is driving factor in the use of various power output types.
In terms of power electronics the market can be classified into AC to DC converter (Rectifiers), and other two.
Based on electric vehicles, the driveline market for electric vehicles can be divided into battery electric vehicle (BEV), and two more segments. An electric propulsion engine utilizes an on-board rechargeable energy storage system for its operation.
In terms of geography, the driveline market for electric vehicle can be segmented into North America, Europe, Asia Pacific, and Rest of the World (ROW). Asia Pacific accounts for a major share of the global driveline market for electric vehicle, due to the high adoption rate of driveline and the booming automotive sector, which is leading to an increased production of vehicles that use driveline for electric vehicles, especially in China and India. North America is a rapidly expanding market for driveline for electric vehicles. Europe is likely to present growth opportunities to the driveline market for electric vehicle.
Key players operating in the global driveline market for electric vehicle include ZF, GKN, BorgWarner, Robert Bosch, Hitachi, Continental AG, Delphi Automotive, Denso Corporation, and Valeo.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
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The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market
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