Driveline Electric Vehicle Market Analysis 2024 -2033: Forecasted Market Size, Top Segments, And Largest Region | Volkswagen AG, Ford Motor Company, General Motors Company, Mitsubishi Electric Corporation, Lion Electric Company, SAIC Motor Corp. Ltd., Rob

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The Business Research Company offers in-depth market insights through Driveline Electric Vehicle Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.

Market Size And Growth Forecast:
The driveline electric vehicle market size has grown rapidly in recent years. It will grow from $2.8 billion in 2023 to $3.1 billion in 2024 at a compound annual growth rate (CAGR) of 10.7%. The growth in the historic period can be attributed to increasing cardiovascular diseases, demand for minimally invasive procedures, focus on preventing restenosis, clinical evidence supporting efficacy, patient demand for enhanced treatment options, collaboration in medical research and development..

The driveline electric vehicle market size is expected to see strong growth in the next few years. It will grow to $4.41 billion in 2028 at a compound annual growth rate (CAGR) of 9.2%. The growth in the forecast period can be attributed to growing aging population, expansion of indications for use, shift towards ambulatory and outpatient settings, increased adoption in emerging markets, patient-centric healthcare trends.. Major trends in the forecast period include emergence of bioresorbable drug-eluting balloons, advancements in coating technologies, customization of drug formulations for specific applications, integration of nanotechnology in balloon coatings, focus on sequential drug delivery strategies, development of drug-device combinations..

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Market Segmentation:
The main types of products included in driveline electric vehicles are series, parallel, and power split. The series drivetrain is a type of hybrid configuration where the electric motor is the only means of providing power to the wheels. Various types of transmission are included, such as automatic transmission, dual-clutch transmission, and electric continuously variable transmission, with several drive types, including front-wheel drive (FWD), rear-wheel drive (RWD), and all-wheel drive (AWD). These are used in numerous types of vehicles, including hybrid vehicles, plug-in hybrid vehicles, and battery electric vehicles.

Major Driver - Rising Electric Vehicle Adoption Fuels Growth in Driveline Electric Vehicle Market
The growing number of electric vehicles is expected to propel the growth of the driveline electric vehicle market going forward. An electric vehicle (EV) is a vehicle that can be powered by an electric motor that draws electricity from a battery and is capable of being charged from an external source. Driveline systems in electric vehicles transmit power from the electric motor to the wheels, enabling propulsion and determining the vehicle's performance and efficiency. For instance, in April 2023, according to the International Energy Agency (IEA), a France-based intergovernmental organization, electric car sales accounted for 14% of all new cars sold globally in 2022, a considerable rise from 9% in 2021. Over 2.3 million electric vehicles were sold in the first quarter of 2023, representing a 25% increase from the same period of the last year. Additionally, 14 million electric cars are projected to be sold by the end of 2023, representing a 35% year-on-year increase. Therefore, the growing number of electric vehicles is driving the growth of the driveline electric vehicle market.

Competitive Landscape:
Major companies operating in the driveline electric vehicle market report are Volkswagen AG, Ford Motor Company, General Motors Company, Mitsubishi Electric Corporation, Lion Electric Company, SAIC Motor Corp. Ltd., Robert Bosch GmbH, Hyundai Motor Company, Hitachi Automotive Systems, Tesla Inc., BYD Co. Ltd., Contemporary Ampere*x Technology Co. Limited, ZF Friedrichshafen AG, Continental AG, Magna International Inc., ABB Ltd., Beijing Automotive Group Co. Ltd., Zhejiang Geely Holding Group Co. Ltd., Valeo SA, BorgWarner Inc., Chang'an Automobile Co. Ltd., Samsung SDI, Dana Incorporated, GKN Drive Line Limited, Deutz AG, Rivian Automotive Inc., Schaeffler Technologies AG & Co. KG, Fisker Inc.

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Top Trend - Integrated E-Powertrain Systems To Drive Driveline Electric Vehicle Market Revenues
Major companies operating in the driveline electric vehicle market are focused on developing integrated e-powertrain systems to drive their revenues in the market. An integrated E-Powertrain system is a comprehensive, unified electric powertrain that combines the motor, power electronics, and energy storage components to propel an electric vehicle efficiently. For instance, in May 2023, ZF Friedrichshafen AG, a Germany-based technology company that supplies systems for passenger and commercial vehicles, launched AXTrax 2, a modular and integrated axle-based e-powertrain system that enables electrification of all types of commercial vehicles. It allows advanced digital and telematics systems to communicate and exchange data about e-axle systems through the controller area network bus. The AxTrax 2 is an axle-based system that replaces the engine, transmission, driveshaft, differential, and conventional axle to electrify a commercial vehicle. This design helps to maximize the available space for batteries and enhances the manufacturer's design flexibility for future vehicle concepts.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Driveline Electric Vehicle Market Characteristics
3. Driveline Electric Vehicle Market Trends And Strategies
4. Driveline Electric Vehicle Market - Macro Economic Scenario
5. Driveline Electric Vehicle Market Size And Growth
…..
27. Driveline Electric Vehicle Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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