Driveline market size was valued at $19.45 billion in 2019, and it is estimated to grow at a CAGR of 15.88% during 2020-2025. 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 2020-2025.

Key Takeaways

Asia-Pacific dominates the Driveline market in 2019 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.

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Geography – Segment Analysis

APAC dominated the Driveline market with a market share of 42.88% in 2019, 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.

Drivers – Driveline Market :

Growing demand for electric vehicles

Market Landscape : 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.

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