Electric Vehicle Driveline Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 8.80 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Electric Vehicle Driveline Market Analysis
The driveline systems for electric vehicles market is expected to register a CAGR of over 8.8%, during the forecast period, 2020-2025.
- The growth of the marketattributable to the favorable government policies, increasing incentives, declining lifetime cost of ownership, and falling battery prices. On the other hand, a major factor hindering the market growth is the higher cost of electric and hybrid driveline, when compared tothe conventional driveline.
- The developments and improvements in the AWD system and its penetration into the growing electric vehicles market are the other major factors that are anticipated to propel the growth of the market study during the forecast period.
- E-axles and differentials are used in a driveline as the end components, in orderto transmit motor power to wheels. E-axle reduces weight and improves the efficiency of electric vehicles. Although the market for e-axle is at a nascent stage, it is expected to attract attention among manufacturers in the future.
Electric Vehicle Driveline Market Trends
This section covers the major market trends shaping the Driveline Systems For Electric Vehicle Market according to our research experts:
Driving Demand from Automatic Vehicle Driveline Systems
In the automotive industry, the demand for automatic transmission has been experiencing a positive growth, since 1980. Ease of driving has been a major factor for automatic transmission, which helped to capture a significant market share of more than 30%, in the global automotive transmission system market in 2017.
- The automatic transmission system has been offering various speed ranges. Earlier, automatic transmission was mainly of three-speed, and with the technological advancements in the field, four-speed was introduced and became common during the 1980s. Since 2000s, six-speed and eight-speed automatic transmissions have become popular in the automotive industry.
- In 2017, the automotive industry witnessed numerous launches of 9-speed and 10-speed automatic transmission vehicle models, and is expected to witness a consistent growth in the future, due to the growing competition among automakers to offer improved driveline systems, along with the necessity to adhere to the fuel economy standards set by both governments and automotive organizations.
Among the global regions, North America witnessed the highest market demand for automatic transmission systems.
With the growing focus on fuel efficiency and environmental concerns, automatic transmission manufacturers have been developing and updating the system with high-speed transmission, torque converter with improved mechanical lockup, and neutral idle control features. In order to meet the increasing demand for automatic transmission system in the future, major manufacturers have started expanding their AT production capacity.
- For instance, in 2018, Aisin AI Co. Ltd, a subsidiary of Aisin Seiki Co. Ltd, formulated plans to expand its Kira Plant to produce and complete the assembly of AT units, along with its earlier MT production. The company plans to invest about USD 102 million for the plant expansion and the production of eight-speed automatic transmission units, and is expected to start functioning by November 2019 with 400,000 units per year. Also, the company is planning to reach the manufacturing capacity of AT to 13.2 million units in 2020.
Increasing Electric Car Sales in the APAC and Europe Driving the Market
The electric vehicles market has witnessed a healthy growth in the recent years, in terms of the number of vehicles sold, which was 890,470 in 2012, and reached ~ 2.1 million units in 2018. This spike in sales is attributable to the regulatory norms imposed by various organizations and governments to control emission levels and propagate zero-emission vehicles.
This has forced automakers to increase their expenditure on R&D of electric vehicles, which eventually allowed them to market electric vehicles as the future. This strategy had a strong impact on people, as there was a considerable change in the purchase pattern from conventional IC engine vehicles to electric vehicles. The change has not decreased the sales of IC engine vehicles, but rather created a promising market for electric vehicles in the present, as well as for the future.
Governments across the world have initiated various schemes and initiatives, which encourage a buyer to choose electric vehicles over conventional vehicles. California ZEV program, which aims at having 1.5 million electric vehicles on road by 2025, is one such initiative that promotes the purchase of electric vehicles. Countries, like India, China, United Kingdom, Korea, France, Germany, Norway, Netherlands, etc., are other such countries that have various incentives for people willing to buy an electric vehicle.
The growth of electric vehicles is anticipated to increase the demand for driveline systems.
Electric Vehicle Driveline Industry Overview
Some of the major players in the driveline systems for electric vehicles include Robert Bosch, GKN, BorgWarner, Denso Corporation, Toyota Motor Corporation, etc., consistently working to improve their driveline systems to sustain in the increasing demand for lightweight and high-efficiency driveline systems for electric vehicles among automakers.
Automakers are planning to increase their R&D expenditure of electric vehicles, due to a consistent demand pattern for conventional IC engine vehicles. Therefore, the electric vehicle manufacturers are focusing on raising awareness among customers about electric vehicles, through their continuous marketing strategies, aiming to meet the standards set by the governments and other associations.
During April 2018, American Axle & Manufacturing (AAM) and Liuzhou Wuling Automobile Industry Co. Ltd, a subsidiary of Guangxi Automobile Group Co.Ltd, entered aoint ventureto manufacture driveline systems.
Electric Vehicle Driveline Market Leaders
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GKN Driveline (Melrose Industries PLC)
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Schaeffler Technologies AG & Co. KG
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BorgWarner Inc.
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ZF Friedrichshafen AG
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Continental AG
*Disclaimer: Major Players sorted in no particular order
Electric Vehicle Driveline Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Industry Attractiveness - Porter's Five Forces Analysis
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4.1.1 Threat of New Entrants
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4.1.2 Bargaining Power of Buyers/Consumers
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4.1.3 Bargaining Power of Suppliers
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4.1.4 Threat of Substitute Products
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4.1.5 Intensity of Competitive Rivalry
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4.2 Market Drivers
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4.3 Market Restraints
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5. MARKET SEGMENTATION
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5.1 Architecture Type
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5.1.1 Series
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5.1.2 Parallel
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5.1.3 Power Split
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5.2 Transmission Type
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5.2.1 Automatic Transmission
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5.2.2 Dual-clutch Transmission
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5.2.3 Electric-continuously Variable Transmission
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5.3 Motor Type
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5.3.1 45-100 kW
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5.3.2 100-250 kW
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5.3.3 >250 kW
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5.4 Vehicle Type
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5.4.1 Hybrid Vehicles
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5.4.2 Plug-in Hybrid Vehicles
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5.4.3 Battery Electric Vehicles
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5.5 Drive Type
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5.5.1 Front Wheel Drive (FWD)
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5.5.2 Rear Wheel Drive (RWD)
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5.5.3 All Wheel Drive (AWD)
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5.6 Geography
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5.6.1 North America
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5.6.1.1 United States
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5.6.1.2 Canada
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5.6.1.3 Mexico
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5.6.1.4 Rest of North America
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5.6.2 Europe
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5.6.2.1 United Kingdom
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5.6.2.2 France
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5.6.2.3 Germany
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5.6.2.4 Rest of Europe
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5.6.3 Asia-Pacific
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5.6.3.1 China
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5.6.3.2 India
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5.6.3.3 Japan
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5.6.3.4 Rest of Asia-Pacific
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5.6.4 Rest of the World
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5.6.4.1 Brazil
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5.6.4.2 South Africa
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5.6.4.3 Other Countries
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6. COMPETITIVE LANDSCAPE
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6.1 Vendor Market Share Analysis
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6.2 Company Profiles
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6.2.1 Robert Bosch GmbH
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6.2.2 GKN Driveline (Melrose Industries PLC)
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6.2.3 Delphi Technologies
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6.2.4 DENSO Corporation
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6.2.5 Valeo Inc.
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6.2.6 Continental AG
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6.2.7 Schaeffler Technologies AG & Co. KG
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6.2.8 BorgWarner Inc.
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6.2.9 ZF Friedrichshafen AG
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Electric Vehicle Driveline Industry Segmentation
The driveline systems for electric vehicle market has been segmented by architecture type, transmission type, motor type, drive type, vehicle type, and geography.
| Architecture Type | |
| Series | |
| Parallel | |
| Power Split |
| Transmission Type | |
| Automatic Transmission | |
| Dual-clutch Transmission | |
| Electric-continuously Variable Transmission |
| Motor Type | |
| 45-100 kW | |
| 100-250 kW | |
| >250 kW |
| Vehicle Type | |
| Hybrid Vehicles | |
| Plug-in Hybrid Vehicles | |
| Battery Electric Vehicles |
| Drive Type | |
| Front Wheel Drive (FWD) | |
| Rear Wheel Drive (RWD) | |
| All Wheel Drive (AWD) |
| Geography | ||||||
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Electric Vehicle Driveline Market Research FAQs
What is the current Driveline Systems For Electric Vehicle Market size?
The Driveline Systems For Electric Vehicle Market is projected to register a CAGR of greater than 8.80% during the forecast period (2024-2029)
Who are the key players in Driveline Systems For Electric Vehicle Market?
GKN Driveline (Melrose Industries PLC), Schaeffler Technologies AG & Co. KG, BorgWarner Inc., ZF Friedrichshafen AG and Continental AG are the major companies operating in the Driveline Systems For Electric Vehicle Market.
Which is the fastest growing region in Driveline Systems For Electric Vehicle Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Driveline Systems For Electric Vehicle Market?
In 2024, the North America accounts for the largest market share in Driveline Systems For Electric Vehicle Market.
What years does this Driveline Systems For Electric Vehicle Market cover?
The report covers the Driveline Systems For Electric Vehicle Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Driveline Systems For Electric Vehicle Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
EV Driveline Industry Report
Statistics for the 2024 EV Driveline market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports. EV Driveline analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
