10% CAGR growth by 2023 in Driveline Systems for Electric Vehicle Market| Key Vendors – Robert Bosch, GKN Driveline, Delphi Technologies, Denso Corporation, Valeo Inc., Continental AG, Schaeffler, ZF, BorgWarner, amongst others.

Market Analysis:

E-axles and differentials are used in a driveline as the end components, to transmit the motor power to wheels. E-axle reduces the weight and improves the efficiency of electric vehicles. So, is expected to gain the highest traction during the forecast period, as e-axles offer numerous advantages over other types.

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The growth of market is attributable to the favorable government policies, increasing incentives, declining lifetime cost of ownership, and falling battery prices. However, a major factor hindering the market growth is the higher cost of electric and hybrid driveline when compared to the conventional driveline. Automakers are planning to increase their R&D expenditure of electric vehicles, due to a consistent demand pattern for conventional IC engine vehicles. Therefore, the electric vehicle manufacturers are focusing on raising awareness among customers about electric vehicles, through their continuous marketing strategies aiming to meet the standards set by the governments and other associations.

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Market Segments:
Driveline Systems for Electric Vehicle Market is segmented by:
1. Architecture: Series, Parallel, Power Split
2. Transmission Type: Automatic Transmission, Dual-clutch Transmission, Electric-continuously Variable Transmission
3. Motor Type: 45-100 kW, 101-250 kW, >250 kW
4. Drive Type: Front Wheel Drive (FWD), Rear Wheel Drive (RWD), All-Wheel Drive (AWD)
5. Vehicle Type: Hybrid Vehicles, Plug in Hybrid Vehicles, Battery Electric Vehicles
6. Geography: North America, South America, Europe, Asia Pacific, Middle East & Africa

Key Developments:
• April 2018: American Axle & Manufacturing (AAM) and Liuzhou Wuling Automobile Industry Co. Ltd, a subsidiary of Guangxi Automobile Group Co., Ltd, entered a joint venture to manufacture driveline systems.

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