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Driveline Market Overview
Driveline Market size was valued
at $20.1 billion in
2020, and it is estimated to grow at a CAGR of 15.2% during 2021-2026. Trend
towards all-wheel drive (AWD) from front-wheel drive (FWD) has increased the
demand for drivelines. Additionally, integration of electronic control unit, E-CVT E-axle
in vehicles for enhanced fuel efficiency is set to boost the demand of
driveline market growth. Driveline systems are part of powertrain used for
power control and movement of vehicles. With the increasing sales of electric
and hybrid vehicles, the driveline market is witnessing huge growth. Growing norms
and regulations for the adoption of plug-In electric hybrid (PHEV), battery
electric vehicles (BEV) pushing the market growth. Moreover, public interest towards
sustainable and environment-friendly vehicles will further enhance the overall
demand for Driveline market size during the forecast period 2021-2026.
Report Coverage
The report: “Driveline Market – Forecast (2021-2026)”, by IndustryARC, covers
an in-depth analysis of the following segments of the Driveline Market Scope.
By Final Drive: Differential, E-Axle.
By Vehicle Type: Hybrid Vehicles, Plug-In Electric
Hybrid Vehicles, Battery Electric Vehicles.
By Drive Type: Front Wheel Drive, Rear Wheel
Drive, All Wheel Drive.
By Transmission Type: Automatic Transmission, Dual Clutch
Transmission, Electronic Continuously Variable Transmission.
By Motor Output: 45-100kW, 101-250kW, >250kW.
By Architecture: Series, Parallel, Power Split, EV
Driveline.
By Geography: North America (U.S., Canada and
Mexico); Europe (U.K.,
Germany, Italy, France, Rest of Europe); APAC (China, Japan, South Korea,
India, Rest of Europe); South America (Brazil, Argentina, Rest of Americas); RoW (Middle East & Africa).
Key Takeaways
- Asia-Pacific dominates the Driveline market in 2020 owing to significant production and consumption of hybrid and electric vehicles in the region. The significant government initiatives to propel adoption of electric vehicles will drive the market growth.
- Strict regulations and technological advancements for enhanced fuel efficiency vehicles have forced automotive OEMs to manufacture hybrid and electric vehicles which is to fuel the market demand.
- Development of fuel injections, gasoline direct injections and other related equipment set to enhance the driveline market growth.
- Innovation of new driveline systems, such as development of innovative torque driveline clutch system with low weight, advanced combustion, and less space required products is driving the driveline market growth.Driveline Market, By Final Drive, 2020
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Driveline Market Segment Analysis - Vehicle Type
Hybrid Electric
Vehicle (HEV) has been the primary market for Driveline and held major share
38.1% in 2020. Emissions reduction and energy conservation have become
increasingly significant for vehicles due to the severity of the current energy
situation. With the rising focus on fuel efficiency and environmental concerns,
automobile and other vehicle manufacturers have been developing and updating
the system with torque converter with improved mechanical lockup, and neutral
idle control features. As these components are highly used in HEVs, replacement
of gasoline direct injection system or fuel vehicles with these components in
order to reduce carbon emission is set to fuel the driveline market. Increase
in production of hybrid electric vehicles (HEVs) and high adoption of driveline
systems in these vehicles is set to drive the driveline market growth.
Driveline Market Segment Analysis - Transmission Type
Automatic Transmission is the key
transmission type and is expected to grow at a CAGR of 16.9% through 2026. Automatic
transmissions use hydraulics in order to select gears rather than using a clutch.
There has been increase in adoption of automatic transmission over manual
transmissions owing to the benefits such as easier usage, less manually
restrictive, better for hilly areas, reduced risk of stalling, and easy usage
in heavy traffic. This is poise to provide opportunities for the driveline
market during forecast period.
Driveline Market Segment Analysis - By Geography
APAC dominated the Driveline market with a market share
of 42.9% in 220, followed by North America and Europe. According to
International Energy Agency, in 2018, around 2.1 million electric cars were
sold in China. China is the major country in production and consumption of
electric cars compared to other countries. The Chinese government has spent
nearly $60 billion in the last decade to create an industry that builds
electric cars, while also reducing the number of licenses available for
gasoline-powered cars to increase demand for electric cars. China now has more
than 100 electric-car and manufactures and hundreds of additional companies that
supply components for electric cars. In 2019, Indian government has created
momentum through its faster adoption and manufacturing of hybrid and Electric
Vehicles schemes. This has created demand for the adoption of electric vehicles
(EV), with a goal of reaching 30% EV penetration by 2030. These schemes create
demand for electric vehicles which further boost the demand of driveline
systems.
Driveline Market Drivers
Growing demand for electric vehicles
The electric
vehicles market has witnessed a healthy growth in recent years 2018. For
instance, in the U.S., the number of electric vehicles that have been sold
increased from 0.89 million to 1.18 million during 2018-2019 period in U.S.
There has been 32.58% increase in sale of electric vehicles during 2018-2019
period. 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. Government regulations have forced the automotive OEMs
to increase the production of electric vehicles and this has created demand for
drivelines. This strategy had a strong impact on people, as there was a
considerable change in the purchase pattern from conventional Internal
Combustion (IC) engine vehicles to electric vehicles. Thus, the shift towards electric vehicles in the
developed and developing nations would positively impact the Driveline market
over the forecast timeframe.
Implementation of Government initiatives, norms and regulations
Governments across
the global level have initiated various schemes and initiatives, which
encourage consumers to choose electric vehicles over conventional vehicles. For
instance, in 2018, China Government had announced its New Energy Vehicle (NEV) program.
With this initiative, automotive OEMs had planned to sell over 4.6 million
electric vehicles by 2020. Another such initiative is California (Zero Emission
Vehicle) ZEV program. In this program, the California government had planned to
have 1.5 million electric vehicles on road by 2025. Increasing government
initiatives, norms across the globe set to drive the driveline market for
electric vehicles.
Driveline Market Challenges
Designing of drivelines for electric vehicles and high Cost of electric vehicles
Challenges
associated with the integration of the different components that have been
encountered in the development of electric vehicle drive units. For instance,
reducing noise from gearboxes and motors to an acceptable level in electric vehicles
has resulted in expensive delays in development. The high cost of electric
vehicles is a major challenge for OEMs. However, governments of various
countries in Asia Oceania offer incentives to increase the adoption of green
technologies, which is expected to drive the demand for driveline systems. Going
forward, the increasing trend of electrification and hybridization will
increase the demand for electric and hybrid drivelines which further creates
opportunities for drivelines.
Driveline Market Landscape
Technology launches, acquisitions and R&D
activities are key strategies adopted by players in the Driveline market. In
2020, the Driveline market top 10 companies include ZF Friedrichshafen AG,
Schaeffler AG, GKN Automotive Limited, BorgWarner Inc, Robert Bosch GmbH,
Volkswagen, Volkswagen, Ford Motors, Toyota Motors, Continental, and among
others.
Acquisitions/Technology Launches
- In March 2019, ZF has acquired WABCO in order to form a leading global integrated systems provider for cars and other commercial vehicles. This acquisition had helped both the companies in expanding their product portfolio such as driveline, chassis technology systems, active air suspension systems, and others.
- In October 2019, BorgWarner had developed innovative torque driveline clutch system for electric vehicles. The system enables the use of just one electric motor instead of the traditional two that are typically found on electric vehicles. This system is cost-effective and features a compact design, significantly reducing the vehicle space needed and the weight of the system. Development of innovative products fuel the driveline market growth.
Related Reports
Report Doe: AM 35817
1. Driveline Market Overview
1.1 Definitions and Scope
2. Driveline Market - Executive Summary
2.1 Market Revenue, Market Size and Key Trends by Company
2.2 Key trends By Vehicle Type
2.3 Key trends By Drive Type
2.4 Key trends segmented by Geography
3. Driveline Market – Market Landscape
3.1 Comparative Analysis
3.1.1 Product/Company Benchmarking-Top 5 Companies
3.1.2 Top 5 Financial Analysis
3.1.3 Market Value Split by Top 5 Companies
3.1.4 Patent Analysis
3.1.5 Pricing Analysis (Comparison of General Price of Industry Solutions)
4. Driveline Market – Industry Market Entry Scenario Premium (Premium)
4.1 Regulatory Scenario
4.2 Ease of Doing Business Index
4.3 Case Studies
4.4 Customer Analysis
5. Driveline Market – Startup Company Scenario (Premium)
5.1 Venture Capital and Funding Scenario
5.2 Startup Company Analysis
6. Driveline Market - Market Forces
6.1 Market Drivers
6.2 Market Constraints
6.3 Porters five force model
6.3.1 Bargaining power of suppliers
6.3.2 Bargaining powers of customers
6.3.3 Threat of new entrants
6.3.4 Rivalry among existing players
6.3.5 Threat of substitutes
7. Driveline Market – By Strategic Analysis (Market Size -$Million/Billion)
7.1 Value Chain Analysis
7.2 Opportunities Analysis
7.3 Product Life Cycle/Market Life Cycle Analysis
8. Driveline Market – By Drive Type (Market Size -$Million/Billion)
8.1 All Wheel Drive
8.2 Front Wheel Drive
8.3 Rear Wheel Drive
9. Driveline Market – By Architecture (Market Size -$Million/Billion)
9.1 Series
9.2 Parallel
9.3 Power Split
9.4 EV Driveline
10. Driveline Market – By Final Drive (Market Size -$Million/Billion)
10.1 Differential
10.2 E-Axle
11. Driveline Market – By Vehicle Type (Market Size -$Million/Billion)
11.1 HEV
11.2 BEV
11.3 PHEV
12. Driveline Market – By Transmission Type (Market Size -$Million/Billion)
12.1 Automatic Transmission
12.2 Dual Clutch Transmission
12.3 ECVT
13. Driveline Market – By Motor Output (Market Size -$Million/Billion)
13.1 45-100kW
13.2 101-250kW
13.3 >250kW
14. Driveline Market - By Geography (Market Size -$Million/Billion)
14.1 North America
14.1.1 U.S
14.1.2 Canada
14.1.3 Mexico
14.2 South America
14.2.1 Brazil
14.2.2 Argentina
14.2.3 Chile
14.2.4 Colombia
14.2.5 Others
14.3 Europe
14.3.1 Germany
14.3.2 France
14.3.3 UK
14.3.4 Italy
14.3.5 Spain
14.3.6 Russia
14.3.7 Netherlands
14.3.8 Others
14.4 APAC
14.4.1 China
14.4.2 Japan
14.4.3 South Korea
14.4.4 India
14.4.5 Australia
14.4.6 Indonesia
14.4.7 Malaysia
14.4.8 Others
14.5 RoW
14.5.1 Middle East
14.5.2 Africa
15. Driveline Market - Market Entropy
15.1 New product launches
15.2 M&A's, collaborations, JVs and partnerships
16. Driveline Market – Industry Competitive Landscape (Premium)
16.1 Market Share – Global
16.2 Market Share by Region
16.3 Market Share By Vehicle Type
16.4 Market Share By Drive Type
17. Driveline Market – Key Company List by Country Premium (Premium)
18. Driveline Market - Company Analysis
18.1 Company 1
18.2 Company 2
18.3 Company 3
18.4 Company 4
18.5 Company 5
18.6 Company 6
18.7 Company 7
18.8 Company 8
18.9 Company 9
18.10 Company 10
LIST OF TABLES
1.Global Driveline Market for Electric & Hybrid Vehicles By Vehicle Type Market 2019-2024 ($M)1.1 Hybrid Vehicles Market 2019-2024 ($M) - Global Industry Research
1.2 Plug-In Electric Hybrid Market 2019-2024 ($M) - Global Industry Research
1.3 Battery Electric Vehicle Market 2019-2024 ($M) - Global Industry Research
2.Global Driveline Market for Electric & Hybrid Vehicles By Power Electronics Market 2019-2024 ($M)
2.1 Power Control Unit Market 2019-2024 ($M) - Global Industry Research
3.Global Driveline Market for Electric & Hybrid Vehicles By Transmission Type Market 2019-2024 ($M)
3.1 Automatic Transmission Market 2019-2024 ($M) - Global Industry Research
3.2 Dual Clutch Transmission Market 2019-2024 ($M) - Global Industry Research
3.3 Electronic Continuously Variable Transmission Market 2019-2024 ($M) - Global Industry Research
4.Global Driveline Market for Electric & Hybrid Vehicles By Drive Type Market 2019-2024 ($M)
4.1 Front Wheel Drive Market 2019-2024 ($M) - Global Industry Research
4.2 Rear Wheel Drive Market 2019-2024 ($M) - Global Industry Research
4.3 All Wheel Drive Market 2019-2024 ($M) - Global Industry Research
5.Global Driveline Market for Electric & Hybrid Vehicles By Vehicle Type Market 2019-2024 (Volume/Units)
5.1 Hybrid Vehicles Market 2019-2024 (Volume/Units) - Global Industry Research
5.2 Plug-In Electric Hybrid Market 2019-2024 (Volume/Units) - Global Industry Research
5.3 Battery Electric Vehicle Market 2019-2024 (Volume/Units) - Global Industry Research
6.Global Driveline Market for Electric & Hybrid Vehicles By Power Electronics Market 2019-2024 (Volume/Units)
6.1 Power Control Unit Market 2019-2024 (Volume/Units) - Global Industry Research
7.Global Driveline Market for Electric & Hybrid Vehicles By Transmission Type Market 2019-2024 (Volume/Units)
7.1 Automatic Transmission Market 2019-2024 (Volume/Units) - Global Industry Research
7.2 Dual Clutch Transmission Market 2019-2024 (Volume/Units) - Global Industry Research
7.3 Electronic Continuously Variable Transmission Market 2019-2024 (Volume/Units) - Global Industry Research
8.Global Driveline Market for Electric & Hybrid Vehicles By Drive Type Market 2019-2024 (Volume/Units)
8.1 Front Wheel Drive Market 2019-2024 (Volume/Units) - Global Industry Research
8.2 Rear Wheel Drive Market 2019-2024 (Volume/Units) - Global Industry Research
8.3 All Wheel Drive Market 2019-2024 (Volume/Units) - Global Industry Research
9.North America Driveline Market for Electric & Hybrid Vehicles By Vehicle Type Market 2019-2024 ($M)
9.1 Hybrid Vehicles Market 2019-2024 ($M) - Regional Industry Research
9.2 Plug-In Electric Hybrid Market 2019-2024 ($M) - Regional Industry Research
9.3 Battery Electric Vehicle Market 2019-2024 ($M) - Regional Industry Research
10.North America Driveline Market for Electric & Hybrid Vehicles By Power Electronics Market 2019-2024 ($M)
10.1 Power Control Unit Market 2019-2024 ($M) - Regional Industry Research
11.North America Driveline Market for Electric & Hybrid Vehicles By Transmission Type Market 2019-2024 ($M)
11.1 Automatic Transmission Market 2019-2024 ($M) - Regional Industry Research
11.2 Dual Clutch Transmission Market 2019-2024 ($M) - Regional Industry Research
11.3 Electronic Continuously Variable Transmission Market 2019-2024 ($M) - Regional Industry Research
12.North America Driveline Market for Electric & Hybrid Vehicles By Drive Type Market 2019-2024 ($M)
12.1 Front Wheel Drive Market 2019-2024 ($M) - Regional Industry Research
12.2 Rear Wheel Drive Market 2019-2024 ($M) - Regional Industry Research
12.3 All Wheel Drive Market 2019-2024 ($M) - Regional Industry Research
13.South America Driveline Market for Electric & Hybrid Vehicles By Vehicle Type Market 2019-2024 ($M)
13.1 Hybrid Vehicles Market 2019-2024 ($M) - Regional Industry Research
13.2 Plug-In Electric Hybrid Market 2019-2024 ($M) - Regional Industry Research
13.3 Battery Electric Vehicle Market 2019-2024 ($M) - Regional Industry Research
14.South America Driveline Market for Electric & Hybrid Vehicles By Power Electronics Market 2019-2024 ($M)
14.1 Power Control Unit Market 2019-2024 ($M) - Regional Industry Research
15.South America Driveline Market for Electric & Hybrid Vehicles By Transmission Type Market 2019-2024 ($M)
15.1 Automatic Transmission Market 2019-2024 ($M) - Regional Industry Research
15.2 Dual Clutch Transmission Market 2019-2024 ($M) - Regional Industry Research
15.3 Electronic Continuously Variable Transmission Market 2019-2024 ($M) - Regional Industry Research
16.South America Driveline Market for Electric & Hybrid Vehicles By Drive Type Market 2019-2024 ($M)
16.1 Front Wheel Drive Market 2019-2024 ($M) - Regional Industry Research
16.2 Rear Wheel Drive Market 2019-2024 ($M) - Regional Industry Research
16.3 All Wheel Drive Market 2019-2024 ($M) - Regional Industry Research
17.Europe Driveline Market for Electric & Hybrid Vehicles By Vehicle Type Market 2019-2024 ($M)
17.1 Hybrid Vehicles Market 2019-2024 ($M) - Regional Industry Research
17.2 Plug-In Electric Hybrid Market 2019-2024 ($M) - Regional Industry Research
17.3 Battery Electric Vehicle Market 2019-2024 ($M) - Regional Industry Research
18.Europe Driveline Market for Electric & Hybrid Vehicles By Power Electronics Market 2019-2024 ($M)
18.1 Power Control Unit Market 2019-2024 ($M) - Regional Industry Research
19.Europe Driveline Market for Electric & Hybrid Vehicles By Transmission Type Market 2019-2024 ($M)
19.1 Automatic Transmission Market 2019-2024 ($M) - Regional Industry Research
19.2 Dual Clutch Transmission Market 2019-2024 ($M) - Regional Industry Research
19.3 Electronic Continuously Variable Transmission Market 2019-2024 ($M) - Regional Industry Research
20.Europe Driveline Market for Electric & Hybrid Vehicles By Drive Type Market 2019-2024 ($M)
20.1 Front Wheel Drive Market 2019-2024 ($M) - Regional Industry Research
20.2 Rear Wheel Drive Market 2019-2024 ($M) - Regional Industry Research
20.3 All Wheel Drive Market 2019-2024 ($M) - Regional Industry Research
21.APAC Driveline Market for Electric & Hybrid Vehicles By Vehicle Type Market 2019-2024 ($M)
21.1 Hybrid Vehicles Market 2019-2024 ($M) - Regional Industry Research
21.2 Plug-In Electric Hybrid Market 2019-2024 ($M) - Regional Industry Research
21.3 Battery Electric Vehicle Market 2019-2024 ($M) - Regional Industry Research
22.APAC Driveline Market for Electric & Hybrid Vehicles By Power Electronics Market 2019-2024 ($M)
22.1 Power Control Unit Market 2019-2024 ($M) - Regional Industry Research
23.APAC Driveline Market for Electric & Hybrid Vehicles By Transmission Type Market 2019-2024 ($M)
23.1 Automatic Transmission Market 2019-2024 ($M) - Regional Industry Research
23.2 Dual Clutch Transmission Market 2019-2024 ($M) - Regional Industry Research
23.3 Electronic Continuously Variable Transmission Market 2019-2024 ($M) - Regional Industry Research
24.APAC Driveline Market for Electric & Hybrid Vehicles By Drive Type Market 2019-2024 ($M)
24.1 Front Wheel Drive Market 2019-2024 ($M) - Regional Industry Research
24.2 Rear Wheel Drive Market 2019-2024 ($M) - Regional Industry Research
24.3 All Wheel Drive Market 2019-2024 ($M) - Regional Industry Research
25.MENA Driveline Market for Electric & Hybrid Vehicles By Vehicle Type Market 2019-2024 ($M)
25.1 Hybrid Vehicles Market 2019-2024 ($M) - Regional Industry Research
25.2 Plug-In Electric Hybrid Market 2019-2024 ($M) - Regional Industry Research
25.3 Battery Electric Vehicle Market 2019-2024 ($M) - Regional Industry Research
26.MENA Driveline Market for Electric & Hybrid Vehicles By Power Electronics Market 2019-2024 ($M)
26.1 Power Control Unit Market 2019-2024 ($M) - Regional Industry Research
27.MENA Driveline Market for Electric & Hybrid Vehicles By Transmission Type Market 2019-2024 ($M)
27.1 Automatic Transmission Market 2019-2024 ($M) - Regional Industry Research
27.2 Dual Clutch Transmission Market 2019-2024 ($M) - Regional Industry Research
27.3 Electronic Continuously Variable Transmission Market 2019-2024 ($M) - Regional Industry Research
28.MENA Driveline Market for Electric & Hybrid Vehicles By Drive Type Market 2019-2024 ($M)
28.1 Front Wheel Drive Market 2019-2024 ($M) - Regional Industry Research
28.2 Rear Wheel Drive Market 2019-2024 ($M) - Regional Industry Research
28.3 All Wheel Drive Market 2019-2024 ($M) - Regional Industry Research
LIST OF FIGURES
1.US Driveline Market Revenue, 2019-2024 ($M)2.Canada Driveline Market Revenue, 2019-2024 ($M)
3.Mexico Driveline Market Revenue, 2019-2024 ($M)
4.Brazil Driveline Market Revenue, 2019-2024 ($M)
5.Argentina Driveline Market Revenue, 2019-2024 ($M)
6.Peru Driveline Market Revenue, 2019-2024 ($M)
7.Colombia Driveline Market Revenue, 2019-2024 ($M)
8.Chile Driveline Market Revenue, 2019-2024 ($M)
9.Rest of South America Driveline Market Revenue, 2019-2024 ($M)
10.UK Driveline Market Revenue, 2019-2024 ($M)
11.Germany Driveline Market Revenue, 2019-2024 ($M)
12.France Driveline Market Revenue, 2019-2024 ($M)
13.Italy Driveline Market Revenue, 2019-2024 ($M)
14.Spain Driveline Market Revenue, 2019-2024 ($M)
15.Rest of Europe Driveline Market Revenue, 2019-2024 ($M)
16.China Driveline Market Revenue, 2019-2024 ($M)
17.India Driveline Market Revenue, 2019-2024 ($M)
18.Japan Driveline Market Revenue, 2019-2024 ($M)
19.South Korea Driveline Market Revenue, 2019-2024 ($M)
20.South Africa Driveline Market Revenue, 2019-2024 ($M)
21.North America Driveline By Application
22.South America Driveline By Application
23.Europe Driveline By Application
24.APAC Driveline By Application
25.MENA Driveline By Application
26.GKN, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Schaeffler, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.ZF, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Robert Bosch, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Borgwarner, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Hitachi, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Continental, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Delphi, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Denso, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Valeo, Sales /Revenue, 2015-2018 ($Mn/$Bn)