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Driveline Market Advanced Technologies, Trends, Current Trends and Revenue Market Forecast 2027

02-23-2021 01:48 PM CET | Industry, Real Estate & Construction

Press release from: Allied Market Research

Automotive Driveline Market

Automotive Driveline Market

Driveline is one of the components of the vehicle comprising transmission. Drive shafts, differentials, and the final drive used to transmit torque and rotation and deliver power to the driving wheels. The prime function of the driveline is coupling the engine to the driving wheels. The driving wheels utilize the power produced by the engine to rotate the axle. Driveline provides sufficient power and superb acceleration to the driving wheels. The driveline is efficient and easy to install. It provides better traction. The increasing demand for four-wheeler vehicles especially cars around the globe can create great opportunities for the global driveline market.

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Regions covered
North America (the U.S. and Canada), Europe (Germany, the UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), Latin America (Brazil, Mexico, and rest of LATAM) and The Middle East and Africa

Companies covered
ZF, Schaeffler, Borg Warner, GKN, Robert Bosch, Volkswagen, Ford motors, Toyota motors, Mahindra and Mahindra

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Top impacting factors: Market scenario analysis, trends, drivers and impact analysis

The significant factors impacting the growth of automotive driveline market are growing demand of comfort and safety in vehicles and rise in demand for lightweight driveshaft. However, high initial and maintenance cost and fluctuations in raw material pricesare expected to hinder the growth of the automotive driveline market. On the other hand, emerging markets for SUVs and premium cars and integration of electronics in drivetrains positively impact the growth of this market.

Growth in demand of comfort and safety in vehicles

With an increase in road accidents, the demand for safety in vehicles has increased. Moreover, with an increasing demand for luxury vehicles, the demand for comfortable vehicles has been increased. This increase in demand has resulted in the growth of the automotive driveline market in present as well as in near future.

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Rise in demand for lightweight driveshaft

Heavy adoption of environment friendly vehicles in the developed countries has allowed high deployment of drive shaft in the new vehicles. Moreover, consequent increase in production of these vehicles; thereby, contribute toward the growth of the market. Another major reason contributing toward the growth of the automotive driveline market is growing demand of AWD vehicles, as two drive shafts are deployed in each vehicle.

Contact:
David Correa
Portland, OR, United States
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help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
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About Us
Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.

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