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The driveline market had a value of $16.09 billion in 2022 and is anticipated to grow at a CAGR of 17.92% to reach $63.32 billion by 2030.
The automotive business that transfers power from the engine to the wheels of the vehicle is referred to as the driveline market. The gearbox, driveshaft, axels, wheels and differentials make up the driveline. The driveline enables the vehicle to move and is a crucial component. The driveline market is expanding as a result of the rising demand for four-wheeled vehicles globally. For instance, 37.93 lakh cars were sold in 2022, according to a Times of India report from January 2023. The number has increased from the prior year by 23.1%. The annual sales of businesses like Kia India (40.2%), Toyota Kirloskar Motor (22.6%), and Tata Motors (58.2%) have increased. The adoption of hybrid and electric vehicle technology by manufacturers is a result of the rising demand for fuel with improved efficiency and the stricter emission regulations imposed by governments all over the world. The demand for hybrid and electric drivelines is rising as a result of technological developments in these areas, such as autonomous stop-start, E-CVT & E-axle, and regenerating brakes.
Internal Combustion Engine (ICE) vehicles are a subset of the driveline market. ICE vehicles generate power from petrol or diesel engines, which is then transmitted to the wheels via driveline components. New materials and technologies are being introduced in ICE car driveline components to increase performance and efficiency. More gears are built into contemporary transmissions for enhanced acceleration and fuel economy. Driveline components are made of lightweight materials like carbon fibre and aluminium to reduce weight and improve performance. To cut greenhouse gas emissions and boost fuel economy, there is a shift in demand for driveline components for electric and hybrid vehicles. According to a November 2021 article, Indian Prime Minister Narendra Modi revealed a plan to reduce total anticipated carbon emissions by one billion tonnes and reduce India's economy's carbon intensity by less than 45% by 2030.
Due to the suspension of automotive part manufacturing and production, the COVID-19 pandemic had a severe effect on the driveline market. The production of several automotive parts components was halted as a result of the social isolation policies and limitations put in place to prevent the infection. The automotive sector suffered from a lack of raw materials and their unavailability.
This driveline market report details recent developments, trade regulations, import/export analysis, production analysis, value chain optimisation, market share, and the effects of domestic and localised market players. It also analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic ex Contact Data Bridge Market Research for an Analyst Brief to learn more about the driveline market. Our staff will assist you in making an informed choice to build your market.
Report Coverage
Global Driveline research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Driveline report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Driveline competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Driveline market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Driveline market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Driveline market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Melrose Industries PLC, Schaeffler AG, ZF Friedrichshafen AG, Bosch Limited, Xlerate Driveline, American Axle & Manufacturing, Inc., BorgWarner Inc, Hitachi, Ltd., Continental AG, DENSO CORPORATION, Valeo, AVTEC, Mahindra & Mahindra Ltd, BISHOP-WISECARVER, TOYOTA MOTOR CORPORATION, MSL Driveline Systems Limited, KNL Driveline Parts Private Limited, Ford Motor Company, AVL and Volkswagen
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global Driveline market based on the below-mentioned segments:
Global Driveline Market, By Vehicle Type
Hybrid Vehicles
Plug-in Electric Hybrid
Battery Electric Vehicle
ICE Vehicle
Global Driveline market, By Component
Front Wheel Drive
Rear Wheel Drive
All Wheel Drive
Global Driveline market, Regional Analysis
The automotive business that transfers power from the engine to the wheels of the vehicle is referred to as the driveline market. The gearbox, driveshaft, axels, wheels and differentials make up the driveline. The driveline enables the vehicle to move and is a crucial component. The driveline market is expanding as a result of the rising demand for four-wheeled vehicles globally. For instance, 37.93 lakh cars were sold in 2022, according to a Times of India report from January 2023. The number has increased from the prior year by 23.1%. The annual sales of businesses like Kia India (40.2%), Toyota Kirloskar Motor (22.6%), and Tata Motors (58.2%) have increased. The adoption of hybrid and electric vehicle technology by manufacturers is a result of the rising demand for fuel with improved efficiency and the stricter emission regulations imposed by governments all over the world. The demand for hybrid and electric drivelines is rising as a result of technological developments in these areas, such as autonomous stop-start, E-CVT & E-axle, and regenerating brakes.
Internal Combustion Engine (ICE) vehicles are a subset of the driveline market. ICE vehicles generate power from petrol or diesel engines, which is then transmitted to the wheels via driveline components. New materials and technologies are being introduced in ICE car driveline components to increase performance and efficiency. More gears are built into contemporary transmissions for enhanced acceleration and fuel economy. Driveline components are made of lightweight materials like carbon fibre and aluminium to reduce weight and improve performance. To cut greenhouse gas emissions and boost fuel economy, there is a shift in demand for driveline components for electric and hybrid vehicles. According to a November 2021 article, Indian Prime Minister Narendra Modi revealed a plan to reduce total anticipated carbon emissions by one billion tonnes and reduce India's economy's carbon intensity by less than 45% by 2030.
Due to the suspension of automotive part manufacturing and production, the COVID-19 pandemic had a severe effect on the driveline market. The production of several automotive parts components was halted as a result of the social isolation policies and limitations put in place to prevent the infection. The automotive sector suffered from a lack of raw materials and their unavailability.
This driveline market report details recent developments, trade regulations, import/export analysis, production analysis, value chain optimisation, market share, and the effects of domestic and localised market players. It also analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic ex Contact Data Bridge Market Research for an Analyst Brief to learn more about the driveline market. Our staff will assist you in making an informed choice to build your market.
Report Coverage
Global Driveline research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Driveline report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Driveline competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Driveline market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2020 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2019 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Melrose Industries PLC, Schaeffler AG, ZF Friedrichshafen AG, Bosch Limited, Xlerate Driveline, American Axle & Manufacturing, Inc., BorgWarner Inc, Hitachi, Ltd., Continental AG, DENSO CORPORATION, Valeo, AVTEC, Mahindra & Mahindra Ltd, BISHOP-WISECARVER, TOYOTA MOTOR CORPORATION, MSL Driveline Systems Limited, KNL Driveline Parts Private Limited, Ford Motor Company, AVL and Volkswagen |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Driveline Market from 2021 to 2030.
- Market Forecast for Driveline Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Driveline competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Driveline
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Driveline market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Driveline market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Melrose Industries PLC, Schaeffler AG, ZF Friedrichshafen AG, Bosch Limited, Xlerate Driveline, American Axle & Manufacturing, Inc., BorgWarner Inc, Hitachi, Ltd., Continental AG, DENSO CORPORATION, Valeo, AVTEC, Mahindra & Mahindra Ltd, BISHOP-WISECARVER, TOYOTA MOTOR CORPORATION, MSL Driveline Systems Limited, KNL Driveline Parts Private Limited, Ford Motor Company, AVL and Volkswagen
Primary Target Market
- Market Players of Driveline
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global Driveline market based on the below-mentioned segments:
Global Driveline Market, By Vehicle Type
Hybrid Vehicles
Plug-in Electric Hybrid
Battery Electric Vehicle
ICE Vehicle
Global Driveline market, By Component
Front Wheel Drive
Rear Wheel Drive
All Wheel Drive
Global Driveline market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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