Analysis of Key Market Segments Influencing the Driveline Electric Vehicle Market

The driveline electric vehicle sector is positioned for substantial expansion as we approach 2030, driven by technological advancements and evolving industry demands. This market is witnessing innovations and strategic moves that are shaping its future, highlighting the growing importance of electrified drivetrains in the automotive landscape.

Projected Market Value and Growth for the Driveline Electric Vehicle Market
The driveline electric vehicle market is projected to reach a valuation of $5 billion by 2030, growing at a compound annual growth rate (CAGR) of 8.2%. Several factors contribute to this anticipated growth during the forecast period, including the increasing emphasis on vehicle efficiency, advancements in motor and inverter technology, the standardization of platforms, integration of autonomous driving systems, and policies promoting sustainable mobility. Key trends expected to influence the market include the rise of integrated electric driveline systems, heightened demand for high-efficiency power transmission, adoption of modular electric vehicle platforms, expansion of all-wheel-drive (AWD) electric systems, and the design of lightweight drivetrains.

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Leading Industry Players in the Driveline Electric Vehicle Market
A number of prominent companies play a significant role in the driveline electric vehicle market. These include 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 ere*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., Dana Incorporated, GKN Drive Line Limited, Rivian Automotive Inc., Schaeffler Technologies AG & Co. KG, and Fisker Inc.

Strategic Acquisition Expanding Market Reach
In January 2025, American Axle & Manufacturing (AAM), a US-based automotive supplier, acquired Dowlais Group plc for around $1.44 billion. This acquisition aims to widen AAM's global presence and diversify its driveline product range. The move strengthens AAM's positioning as a comprehensive supplier independent of powertrain types, catering to traditional combustion engines, hybrid, and electric vehicle platforms worldwide. Dowlais Group plc, headquartered in the UK, specializes in manufacturing driveline systems, including those designed for electric vehicles.

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Emerging Trends in the Driveline Electric Vehicle Market
Key players in the driveline electric vehicle space are focusing on developing integrated e-powertrain systems as a primary growth strategy. Integrated e-powertrain systems are unified electric drive units that combine the motor, power electronics, and energy storage components to efficiently power electric vehicles. For example, in May 2023, German technology company ZF Friedrichshafen AG launched AXTrax 2, a modular and integrated axle-based e-powertrain system designed for electrifying commercial vehicles of all types. The system enables advanced digital communication and telematics integration via the controller area network (CAN) bus. AXTrax 2 replaces several traditional components such as the engine, transmission, driveshaft, differential, and axle, thus freeing up space for batteries and providing manufacturers with greater design flexibility for future vehicle concepts.

Detailed Segmentation of the Driveline Electric Vehicle Market
This market is segmented into several key categories:
1) By Product: Series, Parallel, and Power Split driveline systems
2) By Transmission Type: Automatic Transmission, Dual-clutch Transmission, and Electric Continuously Variable Transmission (e-CVT)
3) By Drive Type: Front-Wheel Drive (FWD), Rear-Wheel Drive (RWD), and All-Wheel Drive (AWD)
4) By Vehicle Type: Hybrid Vehicles, Plug-in Hybrid Vehicles, and Battery Electric Vehicles (BEVs)

Subcategories within these segments include:
- Series driveline systems divided into Pure Electric Driveline and Extended Range Electric Driveline
- Parallel driveline systems consisting of Hybrid Electric Driveline and Plug-In Hybrid Electric Driveline
- Power Split driveline systems comprising Series-Parallel Hybrid Driveline and Multi-Mode Hybrid Driveline

This detailed segmentation provides a comprehensive outlook on the various components and vehicle types contributing to the growth and innovation within the driveline electric vehicle market.

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This release was published on openPR.