Driveline Electric Vehicle Industry Report 2025-2034: Market Dynamics, Trends, And Forecasts

The Driveline Electric Vehicle Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Expected Driveline Electric Vehicle Market Size During the Forecast Period?
Over recent years, the market size for driveline electric vehicles has seen a significant surge. It is projected to increase from $3.1 billion in 2024, to a substantial $3.42 billion in 2025, with a compound annual growth rate (CAGR) of 10.4%. The accelerated growth during the historical period can be associated with a rise in cardiovascular diseases, a surging demand for less intrusive medical procedures, a dedicated focus on hindering restenosis, strong clinical evidence supporting efficiency, patients seeking improved treatment alternatives, and collaborative efforts in medical research and development.

The market size for driveline electric vehicles is predicted to witness a robust growth in the forthcoming years, escalating to $4.78 billion by 2029 with a compound annual growth rate (CAGR) of 8.7%. This surge in the projected period is due to factors such as the increasing elderly population, expansion in usage indications, shift towards ambulatory and outpatient settings, augmented adoption in developing markets, along with patient-driven healthcare trends. Upcoming trends in the prediction period encompass the emergence of bioresorbable drug-eluting balloons, advancements in coating technologies, customising drug formulations for particular applications, assimilation of nanotechnology in balloon coatings, emphasis on sequential drug delivery strategies, and the production of drug-device combinations.

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What Are the High-Growth Segments in the Driveline Electric Vehicle Market?
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

Subsegments:
1) By Series: Pure Electric Driveline, Extended Range Electric Driveline
2) By Parallel: Hybrid Electric Driveline, Plug-In Hybrid Electric Driveline
3) By Power Split: Series-Parallel Hybrid Driveline, Multi-Mode Hybrid Driveline

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What Key Drivers Are Expected to Influence Future Driveline Electric Vehicle Market Growth?
The driveline electric vehicle market is anticipated to grow, driven by the increasing popularity of electric vehicles (EVs). EVs, which run on an electric motor powered by a rechargeable battery, represent a growing sector of the automotive industry. The driveline technology in these vehicles transfers power from the motor to the wheels, impacting the car's performance and efficiency. For example, the International Energy Agency reported in April 2023 that electric car sales made up 14% of all new global car sales in 2022, a significant jump from 9% the previous year. Over 2.3 million electric cars were purchased in the first quarter of 2023, a 25% rise compared to the same period the previous year. Moreover, estimates suggest that 14 million electric cars will be sold by the end of 2023, marking a 35% year-on-year growth. Consequently, the rising popularity of electric vehicles fuels the expansion of the driveline electric vehicle market. One significant factor propelling the driveline electric vehicle market forward is the swift proliferation of charging stations across workplaces and public areas. A charging station provides the necessary power to recharge the batteries of EVs and plug-in hybrid electric vehicles, thereby underpinning the driveline mechanism in these vehicles and facilitating environmentally-friendly, energy-efficient transportation. For instance, in January 2023, the US Department of Energy reported a 4.0% increase in the number of EV charging stations, with a 3.4% rise in private ports and a 4.1% rise in public ports. Of note, DC fast ports witnessed the most considerable growth (6.1%), and public charging showed the greatest increase in the Mid-Atlantic region (7.1%) during Q2. Accordingly, the expansion of EV charging infrastructure in public spaces and workplaces significantly contributes to the growth of the driveline electric vehicle market.

Which Companies Hold the Largest Share Across Different Driveline Electric Vehicle Market Segments?
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.

What Trends Are Driving Growth in The Driveline Electric Vehicle Market?
Main players in the driveline electric vehicle market are concentrating their efforts on creating integrated e-powertrain systems as a means to boost their market revenues. An integrated E-Powertrain system is an all-inclusive electric powertrain that merges the motor, power electronics, and energy storage units, which aids in the efficient propulsion of an electric vehicle. For instance, in May 2023, ZF Friedrichshafen AG, a leading German technology company that manufactures systems for both commercial and passenger vehicles, unveiled their AXTrax 2. This is a modular and fully integrated axle-based e-powertrain system designed for the electrification of any commercial vehicle type. It facilitates sophisticated digital and telematics systems to exchange data about e-axle systems via the controller area network bus. The AxTrax 2 serves as a substitute for the engine, transmission, driveshaft, differential, and conventional axle in electrifying a commercial vehicle. This layout is designed to optimize the space for batteries and improve the manufacturer's adaptability in designing future vehicle concepts.

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What Are the Emerging Geographies for The Driveline Electric Vehicle Market Growth?
Asia-Pacific was the largest region in the driveline electric vehicle market in 2024. The regions covered in the driveline electric vehicle market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Driveline Electric Vehicle Market?
2. What is the CAGR expected in the Driveline Electric Vehicle Market?
3. What Are the Key Innovations Transforming the Driveline Electric Vehicle Industry?
4. Which Region Is Leading the Driveline Electric Vehicle Market?

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