Global Driveline Systems for Electric Vehicle Market 2021 is expected to register a CAGR of 10%, during forecast period with Impact of Covid 19 Analysis

Driveline

Global “Driveline Systems for Electric Vehicle Market” Report 2021 (value and volume) by company, regions, product types, end industries, history data and estimate data. Also, Report contains a comprehensive analysis of the important segments like market opportunities, import/export details, market dynamics, key manufacturers, growth rate, and key regions. This report focuses on the Driveline Systems for Electric Vehicle in the Global market, especially in the United States, Europe, China, Japan, South Korea, North America, India. Driveline Systems for Electric Vehicle Market report categorizes the market based on manufacturers, regions, type, and application. Driveline Systems for Electric Vehicle Market reports offer a detailed assessment of the Driveline Systems for Electric Vehicle including enabling technologies, current market situation, market assumptions, restraining factors.

The Global Driveline Systems for Electric Vehicle market swot is provided for the international markets including progress trends, competitive landscape breakdown, and key in regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed.

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The market for driveline systems for electric vehicles, which includes front wheel drive (FWD) and all-wheel drive (AWD), is expected to register a CAGR of over 10% during 2018-2023 (the forecast period). This growth is attributable 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 to the conventional driveline.

E-axle Technology is Expected to Grow at the Fastest Pace

E-axles and differentials are used in a driveline as the end components, to transmit the motor power to wheels. E-axle reduces the weight and improves the efficiency of electric vehicles. Although the market for e-axle is at a nascent stage, it is expected to gain the highest traction during the forecast period, as e-axles offer numerous advantages over other types. However, the high production cost associated with e-axle can add a lot to the final price of the vehicle, which may become a huge challenge for car manufacturers.

Growing Demand for Electric Vehicles is expected to drive the Driveline Systems 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 ~ 2,447,807 in 2016. 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.

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.

However, consumers still prefer IC engine vehicles, due to the limited or no availability of charging stations and high cost associated with electric vehicles. However, with the growing environmental concerns and increasing pollution, along with the rising awareness regarding electric vehicles (through EV manufacturers marketing strategies), the future of the electric vehicles looks promising in the coming years.

The market study on driveline systems for electric vehicles is segmented by type of architecture (series, parallel, and power split), transmission type (automatic transmission, dual-clutch transmission, and electric-continuously variable transmission), motor type (45-100 kW, 101-250 kW, and >250 kW), drive type (forward wheel drive, rear wheel drive, and all-wheel drive), and vehicle type (hybrid vehicles, plug-in hybrid vehicles, and battery electric vehicles). This study covers all the major countries of North America, Europe, Asia-Pacific, and Rest of the World (which includes South America and the Middle East & Africa).

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The global Driveline Systems for Electric Vehicle market covers the vision of participant analysis by product types, market share, applications, sales, and revenue.

Driveline Systems for Electric Vehicle Market Report covers the Top Key-players in 2021:-

  • Robert Bosch
  • GKN Driveline
  • Delphi Technologies
  • Denso Corporation
  • Valeo Inc.
  • Continental AG
  • Schaeffler
  • ZF
  • BorgWarner

Highlighted points of Driveline Systems for Electric Vehicle Market Size:

  • Covers the varying market dynamics of the industry.
  • In-depth analysis of market risks, opportunities, limitations, and growth of the market.
  • Includes market driving and restraining factors.
  • Participants profiles along with product description, overview, and business data.
  • Include details of five years of forecast analysis by types, regions, and applications.

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This Driveline Systems for Electric Vehicle Market Research/analysis Report Contains Answers to your following Questions

  • Which Manufacturing Technology is Used for Driveline Systems for Electric Vehicle? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
  • Who Are the Global Key Players in This Driveline Systems for Electric Vehicle Market? What’s Their Company Profile, Their Product Information, Contact Information?
  • What Was Global Market Status of Driveline Systems for Electric Vehicle Market? What Was Capacity, Production Value, Cost and PROFIT of Driveline Systems for Electric Vehicle Market?
  • What Is Current Market Status of Driveline Systems for Electric Vehicle Industry? What’s Market Competition in This Industry, Both Company, and Country Wise? What’s Market Analysis of Driveline Systems for Electric Vehicle Market by Taking Applications and Types in Consideration?
  • What Are Projections of Global Driveline Systems for Electric Vehicle Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What About Import and Export?
  • What Is Driveline Systems for Electric Vehicle Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
  • What Is Economic Impact On Driveline Systems for Electric Vehicle Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
  • What Are Market Dynamics of Driveline Systems for Electric Vehicle Market? What Are Challenges and Opportunities?
  • What Should Be Entry Strategies, Countermeasures to Economic Impact, Marketing Channels for Driveline Systems for Electric Vehicle Industry?

Key Developments in the Driveline Systems for Electric Vehicle Market:

  • April 2018: American Axle & Manufacturing (AAM) and Liuzhou Wuling Automobile Industry Co. Ltd, a subsidiary of Guangxi Automobile Group Co., Ltd, entered a joint ventureto manufacture driveline systems.

    Reasons to Purchase this Report:

  • The current and future market outlook in the developed and emerging markets
  • Various perspectives of the market, with the help of Porter’s five forces analysis
  • Segment that is expected to dominate the market
  • Regions that are expected to witness the fastest growth rates during the forecast period
  • The latest developments, market shares, and strategies employed by the major market players
  • 3-month analyst support, along with the Market Estimate sheet (in Excel)

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    Finally, the report Global Driveline Systems for Electric Vehicle Market 2021 describes the Driveline Systems for Electric Vehicle industry expansion game plan, the Driveline Systems for Electric Vehicle industry knowledge supply, appendix, analysis findings, and the conclusion.

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