Pune, Oct. 23, 2023 (GLOBE NEWSWIRE) --
The Driveline Market is projected to achieve a size of USD 501.2 billion by 2030, having been valued at USD 287 billion in 2022, and it is anticipated to exhibit a compound annual growth rate (CAGR) of 7.2% during the forecast period spanning from 2023 to 2030, as per the SNS Insider report.
Market Overview
The driveline in automotive engineering is an intricate system that bridges the gap between a vehicle's engine and its wheels, ensuring efficient power transmission and ultimately dictating its performance characteristics. This crucial system is at the heart of the dynamic performance, efficiency, and functionality of any automobile. The transmission takes the engine's power and converts it into the desired speed and torque suitable for the vehicle's operating conditions. The differential plays a crucial role in distributing power evenly to the wheels while allowing them to rotate at different speeds, facilitating smooth turning.
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Market Analysis
The global shift towards a greener, more sustainable future has led to a surge in the adoption of electric vehicles. Electric drivelines, with their potential for reduced emissions and enhanced performance, are a significant growth driver in the driveline market. The growing demand for EVs is fostering innovation in driveline technology, making it a key contributor to the market's expansion. In the wake of rising fuel prices and environmental concerns, the automotive industry is placing greater emphasis on improving fuel efficiency. Driveline components, such as transmissions and differential systems, are being redesigned and optimized to enhance fuel economy, thereby addressing a critical market demand and driving growth in the driveline segment. The ongoing trend of urbanization and the resulting traffic congestion have led to a demand for driveline systems that offer better maneuverability, such as all-wheel drive and four-wheel drive systems. These systems provide vehicles with improved traction and control, making them attractive choices for consumers in urban environments.
Driveline Market Overview & Scope:
| Report Attributes | Details |
| Market Size in 2022 | USD 501.2 billion |
| Market Size by 2030 | USD 287 billion |
| CAGR | CAGR of 7.2% over 2023-2030 |
| Key Segments | By Transmission Type (E-CVT, AT, DCT,) By Vehicle Type (HEV, BEV, PHEV) By Architecture (Power Spilt, Series, EV Driveline, Parallel) |
| Key Market Players | Hitachi, ZF, Schaeffler, BorgWarner, Bosch, Valeo, GKN, Denso, Continental, Delphi and other players |
| Pricing & Purchase Options | Avail customized purchase options to meet your exact research needs. Explore purchase options. |
Key Takeaway from Driveline Market Study
- The HEV, or Hybrid Electric Vehicle, is gaining remarkable traction in the automotive market. The pressing need for environmental sustainability has prompted automakers to invest heavily in HEV technology. These vehicles are viewed as a transitional solution towards fully electric cars, offering lower emissions and fuel consumption.
- Power Split driveline systems are emerging as the preferred choice for hybrid powertrains. Power Split systems offer superior efficiency in managing power between the internal combustion engine and electric motor. They provide seamless transitions and are exceptionally efficient in various driving conditions.
Recent Developments
- Volvo Penta, a renowned name in the world of automotive innovation, has taken a significant step towards a sustainable future with the initiation of production for an E-driveline designed for electric fire trucks. The E-driveline technology, meticulously developed by Volvo Penta, ensures that electric fire trucks can deliver an exceptional performance while maintaining the agility required to navigate through challenging and often congested urban terrains.
- Blue Streak Electronics, a renowned leader in the field of automotive electronics, has recently unveiled their latest innovation - Reman Driveline Power Inverters. By optimizing power transfer and reducing energy losses, these inverters enhance vehicle performance while simultaneously conserving energy.
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Market Dynamics Analysis
The global driveline market exhibits a dynamic landscape shaped by a combination of drivers, restraints, challenges, and potential threats. On the driver's front, the increasing demand for improved fuel efficiency and reduced emissions, driven by stringent environmental regulations, is propelling the adoption of advanced driveline technologies. Moreover, the burgeoning electric vehicle (EV) market, with its focus on electrification and the development of innovative drivetrains, further stimulates growth in this sector. However, these drivers are accompanied by a set of restraints, primarily in the form of high initial investments and complexities associated with the development and integration of advanced driveline systems. Additionally, the global supply chain disruptions, as observed in recent times, pose a significant challenge to driveline manufacturers, impacting the availability of essential components and materials. Furthermore, evolving threats in the form of intellectual property theft, patent infringement, and market competition necessitate constant vigilance in terms of innovation and protection of proprietary technologies. In navigating this ever-evolving landscape, stakeholders in the market must carefully balance these factors to achieve sustained growth and success.
Key Regional Developments
North America remains a robust driveline market, with the United States and Canada at the forefront. The region's dynamics are influenced by several factors, including a growing demand for electric vehicles (EVs) and a shift towards all-wheel-drive (AWD) and four-wheel-drive (4WD) systems in light trucks and SUVs. Europe has been a pioneer in adopting eco-friendly driveline technologies. With stringent emission regulations and a strong focus on sustainability, Europe has witnessed a surge in hybrid and electric vehicles. Moreover, the demand for automatic transmissions is on the rise, and manufacturers are continuously developing advanced driveline systems to meet the region's unique requirements. The Asia-Pacific region is a burgeoning hub for the automotive industry. Countries like China, Japan, and South Korea are witnessing rapid economic growth and urbanization, leading to increased vehicle ownership.
Impact of Recession
The ongoing recession has presented a series of challenges for the driveline market, including shifts in consumer behavior, reduced automotive production, pricing pressures, supply chain disruptions, and the need for innovation and diversification. In response to economic challenges, driveline manufacturers are prompted to enhance their production efficiency and invest in research and development to create more cost-effective and innovative driveline solutions. While this may be challenging during a recession, it can lead to improved products and processes in the long term. Some driveline manufacturers are diversifying their product portfolios to reduce dependence on the automotive sector. They explore opportunities in sectors like agriculture, construction, and industrial equipment, which may have more stable demand during recessions.
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Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value chain analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Driveline Market, By Transmission Type
8.1 E-CVT
8.2 AT
8.3 DCT
9. Driveline Market, By Vehicle Type
9.1 HEV
9.2 BEV
9.3 PHEV
10. Driveline Market, By Architecture
10.1 Power Spilt
10.2 Series
10.3 EV Driveline
10.4 Parallel
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 USA
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Eastern Europe
11.3.1.1 Poland
11.3.1.2 Romania
11.3.1.3 Turkey
11.3.1.4 Rest of Eastern Europe
11.3.2 Western Europe
11.3.2.1 Germany
11.3.2.2 France
11.3.2.3 UK
11.3.2.4 Italy
11.3.2.5 Spain
11.3.2.6 Netherlands
11.3.2.7 Switzerland
11.3.2.8 Austria
11.3.2.9 Rest of Western Europe
11.4 Asia-Pacific
11.4.1 China
11.4.2 India
11.4.3 Japan
11.4.4 South Korea
11.4.5 Vietnam
11.4.6 Singapore
11.4.7 Australia
11.4.8 Rest of Asia-Pacific
11.5 Middle East & Africa
11.5.1 Middle East
11.5.1.1 UAE
11.5.1.2 Egypt
11.5.1.3 Saudi Arabia
11.5.1.4 Qatar
11.5.1.5 Rest of Middle East
11.5.2 Africa
11.5.2.1 Nigeria
11.5.2.2 South Africa
11.5.2.3 Rest of Africa
11.6 Latin America
11.6.1 Brazil
11.6.2 Argentina
11.6.3 Colombia
11.6.4 Rest of Latin America
12 Company Profiles
12.1 ZF
12.1.1 Company Overview
12.1.2 Financial
12.1.3 Products/ Services Offered
12.1.4 SWOT Analysis
12.1.5 The SNS View
12.2 Schaeffler
12.3 GKN
12.4 Continental AG
12.5 BorgWarner
12.6 Bosch
12.7 Valeo
12.8 Hitachi
12.9 Denso
12.10 Delphi
13. Competitive Landscape
13.1 Competitive Bench marking
13.2 Market Share Analysis
13.3 Recent Developments
13.3.1 Industry News
13.3.2 Company News
13.3.3 Mergers & Acquisitions
14. Use Case and Best Practices
15. Conclusion
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