Driveline Market for Electric and Hybrid Vehicles | Key Players: ZF (Germany), Schaeffler (Germany), GKN (UK), Borgwarner (US) and Robert Bosch (Germany).

The Driveline Market for Electric and Hybrid Vehicles is estimated to grow at a CAGR of 16.92%, to reach $63.32 Billion by 2025.

Increasing stringency in emission regulations has triggered the development and sale of battery electric vehicles (BEV), hybrid vehicles (HEV), and Plug-In Hybrid Vehicles (PHEV). Factors such as an increase in sales of electric & hybrid vehicles, technological advancements such as E-CVT, E-axle, E-drive, and lightweight & efficient drivelines are ultimately fueling the driveline market for electric and hybrid vehicles.

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In power electronics, the power control unit (PCU) is expected to show the fastest growth for electric and hybrid driveline

A power control unit, a combination of converter & inverter to convert AC/DC power and to regulate the voltage, is a future technology that is likely to have a huge impact on the electric and hybrid vehicle driveline. In the present scenario, Toyota Prius is installed with a power control unit that is very compact, making it possible to install it directly above the transaxle and place the auxiliary battery in the engine room, which increases the interior space. Toyota is planning to equip more compact power control units in the Avalon hybrid by 2019. The market is projected to rise owing to key reasons such as the rapid adoption of electronics components in automotive, which supports the growth of power control units by the near future.

In transmission, E-CVT is expected to have the largest market over the forecast period

E-CVT is an advanced technology that offers fuel saving compared to a traditional four-speed Automatic Transmission (AT). Regionally, the market for driveline by transmission type will vary according to the transmission preferences of consumers and the increasing sales of premium vehicles. E-CVT offers fuel-saving over other transmission types, which makes E-CVT the most suitable for the Asian region. Some of the models with E-CVT are Toyota Camry Hybrid, Lexus CT200h, Lexus NX 300h, and GS 300h.

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Government subsidies, large production, and technological advancement in the field of electric and hybrid driveline would drive the driveline market for electric and hybrid vehicles in Asia Oceania

Many governments around the world are challenged with declining air quality, and they set their own emission goals. They have been working to increase the market for electric and hybrid vehicles. To spur the sale of electric and hybrid vehicles, they have used emission regulations, public-private partnerships, incentives, and provided improved charging facilities. The Chinese government is providing acquisition tax and excise tax exemption (depending on engine displacement and price) (USD 5,100 to USD 8,700). China has the largest market for electric and hybrid driveline due to its large production and sales. Technological advancements in the field of electric and hybrid drivelines, such as regenerative braking, automatic start-stop, E-axle, E-drive, and an E-CVT are the major driving forces for the electric and hybrid driveline market. With the increase in demand for electrical and electronic devices in a vehicle, the automobile industry is continuously shifting toward a higher voltage power supply. A high voltage power supply would require more efficient power electronics. Globally, various OEMs and Tier 1 players are contributing to the advancement of power electronics technology. For example, Toyota developed a combined unit of converter and inverter called the Power Control Unit.

Target Audience:

1. Hybrid driveline Manufacturers or Suppliers
2. Electric driveline Manufacturers or Suppliers
3. Original Equipment Manufacturers (OEM)
4. Raw Material Suppliers for Hybrid System Manufacturers
5. Traders, Distributors, and Suppliers of Hybrid Systems/Components
6. Regional Automobile Associations
7. Component Manufacturers of Hybrid Systems/Components

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