Press release
Driveline Electric Vehicle Market Sees Robust Growth, Expected to Reach $4.41 Billion by 2028
Driveline Electric Vehicle Market Report
As per the report, 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 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%.
Download Free Sample Report @ https://www.thebusinessresearchcompany.com/sample.aspx?id=13428&type=smp
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.
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 driveline electric vehicle market covered in this report is segmented -
1) By Product: Series, Parallel, Power Split
2) By Transmission Type: Automatic Transmission, Dual-clutch Transmission, Electric-continuously Variable Transmission
3) By Drive Type: Front-Wheel Drive (FWD), Rear Wheel Drive (RWD), All-Wheel Drive (AWD)
4) By Vehicle Type: Hybrid Vehicles, Plug-in Hybrid Vehicles, Battery Electric Vehicles
Buy Now & Get Exclusive Discount on this Report, Checkout link @
https://www.thebusinessresearchcompany.com/Discount?id=13428&type=discount
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., 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.
Contents of the report:
1. Executive Summary
2. Driveline Electric Vehicle Market Report Structure
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
Explore the report store to make a direct purchase of the report @ https://www.thebusinessresearchcompany.com/report/driveline-electric-vehicle-global-market-report
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Driveline Electric Vehicle Market Sees Robust Growth, Expected to Reach $4.41 Billion by 2028 here
News-ID: 3574540 • Views: …
More Releases from The Business Research Company
Comprehensive Drone-Assisted Forest Firebreak Planning Market Forecast 2025-2034 …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Drone-Assisted Forest Firebreak Planning Market Through 2025?
The market for drone-aided forest fire prevention planning has seen an impressive explosion in growth in the recent past. The market, now estimated at $1.32 billion in 2024, is projected to rise to $1.62 billion…
Global Credit Score Tracking Service Market Projected to Grow at 12.2% CAGR, Rea …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Credit Score Tracking Service Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The industry for monitoring credit scores has seen a swift expansion in the recent past. It is projected to escalate from $2.75 billion in 2024 to $3.09 billion in 2025, with a CAGR…
Rising Popularity Of Digital Wallets Driving The Market Growth Due To Increasing …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
How Large Will the Doorstep Banking Software Market Size By 2025?
The market size of doorstep banking software has experienced significant expansion in the previous years. It is projected to ascend from $1.97 billion in 2024 to approximately $2.28 billion in 2025. This suggests a compound annual growth rate…
Corporate Insolvency Service Market: Major Trends Reshaping the Future of the In …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Corporate Insolvency Service Market Through 2025?
The market size of the corporate insolvency service has seen significant growth in the past few years. The projected growth from $11.55 billion in 2024 to $12.45 billion in 2025, with a compound annual growth rate…
More Releases for Drive
Harmonic Drive Gearbox Market 7.50% CAGR Growth with GAM Cone Drive Datorker Sch …
The Harmonic Drive Gearbox market is poised for significant growth in the coming years, driven by the increasing demand for precision motion control across various industries. This specialized gearbox is known for its unique design, which allows for high torque transmission, compact size, and exceptional accuracy. These attributes make Harmonic Drive Gearboxes particularly attractive for applications in robotics, aerospace, medical devices, and industrial automation. As industries continue to advance toward…
Dream Drive Brings Self-Drive Car Rental Services to Ranchi
Ranchi, Jharkhand - Dream Drive, Ranchi's newest and most trusted self-drive car rental service, is redefining the way people travel in the city. With a fleet of brand-new, well-maintained cars, Dream Drive offers customers the freedom to drive on their own terms at affordable rates.
From compact hatchbacks to spacious SUVs and premium sedans, Dream Drive has a car for every occasion - whether it's a family outing, business trip, wedding,…
Electric Axle Drive And Wheel Drive Market Size Analysis by Application, Type, a …
USA, New Jersey- According to Market Research Intellect, the global Electric Axle Drive And Wheel Drive market in the Internet, Communication and Technology category is projected to witness significant growth from 2025 to 2032. Market dynamics, technological advancements, and evolving consumer demand are expected to drive expansion during this period.
The growing popularity of electric vehicles (EVs) and improvements in drivetrain technologies are propelling the market for electric axle drive and…
Harmonic Drive Market to Witness Stunning Growth | Major Giants Harmonic Drive S …
HTF MI recently introduced Global Harmonic Drive Market study with 143+ pages in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status (2024-2032). The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence. Some key players from the complete study are Harmonic Drive Systems Inc., Sumitomo, Cone Drive, Beijing CTKM, ABB, Nabtesco.
Download Sample Report…
Global Land Top Drive Market 2020, Land Top Drive Market, Land Top Drive Market …
Global Land Top Drive Market Growth 2020-2025 released by MarketandResearch.biz embarks with industry overview which clarifies value chain structure, industrial environment, market size, market share, regional analysis, application, and forecast. The report outlines the development factors improving or hampering the market advancement, major ruling organizations, monetary circumstance, and veritable certainties. This research is exceptionally advantageous to pursuers. This research refines variations of the global Land Top Drive market to help…
Harmonic Drive Market Forecasts – HDSI, Leaderdrive, Beijing CTKM Harmonic Dri …
For overview analysis, the report introduces Harmonic Drive Market basic information including definition, classification, application, industry chain structure, industry overview, policy analysis, and news analysis, etc.
Harmonic Drive Market :
Harmonic Drive is a compact, high performance, precision reduction gear. It is one of the key components used in robotic products such as collaborative work robots. The gear consists of only 3 basic parts (Wave Generator, Flex spline, and Circular Spline). It…
