The Driveline Market was valued at US$5.36 billion in 2022 and is estimated to reach US$59.98 billion by 2028, with a CAGR of 15.69% from 2023 to 2028.

The driveline, which includes the gearbox, the drive shaft, the differentials, and the final transmission used to transmit torque and rotation and deliver power to the driving wheels, is one of the components of the car. The engine on the driving wheels serves as the driveline's primary purpose. The motor's force, which rotates the axle, is applied by the driving wheels. To convert and regulate the power supply to the battery, electric cars need a transmission chassis.

The growth of the driveline market is being sparked by changes in the automotive industry, such as the switch from front-wheel drive (FWD) to all-wheel drive (AWD) with the addition of the electronic control unit and the E-CVTE axle for higher fuel efficiency. Since drivelines are primarily used in electric cars during the anticipated period, rising standards and guidelines for the adoption of electric cars, such as plug-in hybrid electric vehicles (PHEVs) and battery-powered electric vehicles (BEVs), as well as public demand for green and sustainable cars, will further increase overall interest in the size of the driveline market.

Market Drivers and Restraints:

In terms of sales, the electric car market has recently experienced strong growth. Administrative requirements put in place by various groups and governments to regulate output levels and distribute automobiles with no downloads are to blame for the rise in transactions. Since they were compelled to base their production on the R&D of electric vehicles, original equipment manufacturers were able to introduce the long-term usage of electric vehicles and growth in the use of transmissions in electric vehicles. People have been significantly impacted by this system as a result of the concept of buying conventional internal combustion vehicles has changed significantly in favor of electric vehicles. As a result, during the view period, the switch to electric vehicles in developed and developing nations would have a significant impact on the driveline industry. Governments from all around the world have started a number of initiatives to persuade consumers to buy electric vehicles rather than conventional vehicles.

Variables like the pricing structure and the weighting issue with electric vehicles are thought to be barriers to the growth of this sector.

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The report is segmented as follows:

The Driveline Market is segmented by Vehicle Type; the Market is segmented by Transmission Type; the Market is segmented by Architecture:

By Vehicle Type (Hybrid Vehicles, Plug-in Electric Hybrid, Battery Electric Vehicle)

By Transmission Type (Automatic Transmission, Dual Clutch Transmission, Electronic Continuously Variable Transmission)

By Architecture (Series, Parallel, Power Split, EV Driveline)

Market Regional Segmentation:

Electric car drivelines have a rapidly expanding market in North America. Due to the presence of top automakers in countries like Germany, Europe is projected to present growth prospects in the worldwide market for electric vehicle drivelines. Due to the growing rate of powertrain ownership and the blasting area, which has led to a surge in the production of automobiles utilizing the driveline for electric cars, particularly in China and India, the Asia-Pacific region accounts for a sizeable component of the worldwide driveline market.

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Impact of the COVID-19 pandemic on the market:

Due to lockdowns that resulted in travel restrictions and business closures, COVID-19 has had an impact on the global economy in a number of nations. This has harmed the supply chain for the market for drivelines for electric and hybrid vehicles globally. Furthermore, businesses are seeing production disruptions as a result of lockdowns and societal conventions that distance people from one another. The manufacturing process was also further delayed by a lack of manpower and raw materials needed for manufacturing. Due to an increase in electric car sales, COVID-19 had a favorable effect on the market for electric vehicles. As a result, it is anticipated that the post-pandemic increase in electric car sales will propel the expansion of the global market for electric and hybrid vehicle drivelines.

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