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Automotive and Transportation

Driveline Market for Electric & Hybrid Vehicle Forecast (2016—2025) by Transmission (DCT, AT, E-CVT), Architecture (Parallel, Series, Power split), Final Drive, Drive Type, Motor Output (45-100, 101-250, >250kW), Vehicle Type, Power Electronics, and Region

  • BMR3387736
  • 218 Pages
  • December 2019
  • Automotive and Transportation
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Market Size and Forecast

The global driveline market was valued at $16.09 Billion in 2016 and $18.14 Billion in 2017, and is expected to reach $63.32 Billion by 2025, at a CAGR of 16.92% from 2016 to 2025. Growing sales of EV and HEV, due to the rise in the need to minimize vehicle emissions is boosting the growth of the global market.

Driver: Technological developments to boost the growth of the market in coming years

The growing demand for higher fuel efficiency and strict emission protocols by government authorities from all over the world have made it compulsory for manufacturers to adopt the hybrid and electric vehicle technology. Additionally, several technological developments in the electric and hybrid drivelines sector such as automatic start stop, regenerative braking, E-CVT, and E-axle are boosting the growth of the electric and hybrid driveline. The choice of technology differs for a Plug-in Hybrid Electric Vehicle (PHEV), Hybrid Electric Vehicle (HEV), or Battery Electric Vehicle (BEV). Thus, the market is reliant on the sales of hybrid and electric vehicles and the growing sales of these vehicles is pushing the overall growth of the market for the electric and hybrid driveline.

Segment Analysis

The global driveline market is segmented based on architecture, vehicle type, power electronics, final drive, transmission type, drive type, motor output, and region. Based on architecture, the market is classified into parallel driveline, power split driveline, series driveline, and electric driveline. By vehicle type, the market is categorized into plug-in hybrid electric vehicle (PHEV), hybrid electric vehicle (HEV), and electric vehicle (EV). Based on power electronics, the market is bifurcated into Power control unit (PCU), inverter, and converter. Based on final drive, the market is divided into differential and e-axle. Based on transmission type, the market is categorized into Automatic transmission (AT), Dual Clutch Transmission (DCT), and E-CVT. Based on motor output, 45—100 kW, 101-250 kW, and >250 kW. Further, by region, the market is studied across Asia Oceania, North America, Europe, and RoW.

Hybrid electric vehicle to hold the largest share of the market during the estimated period

Hybrid electric vehicle (HEV) market is anticipated to grab the largest share of the market because of its widespread acceptance from users all across the world. Moreover, the parallel architecture for hybrid vehicle was projected to grow at the fastest rate throughout the forecast period due to its benefits such as less complexity and improved efficacy.

The electric and hybrid vehicle driveline comes with with inverters as well as converters and due to this the volume of both the market is anticipated to show similar growth patterns. Besides this, the power control unit technology is a new invention which combines the inverters and converters in a single unit and is anticipated to grow at the fastest rate throughout the estimated period.

E-CVT segment to hold the largest market volume during the forecast period

The E-CVT market is projected to observe the largest market volume, which is expected to increase due to rapid implementation of the technology in the Asian market. With respect to value, DCT is anticipated to be the fastest growing segment throughout the estimated period, this is mainly because of its rapid adoption in sports and luxury cars. Europe is the largest market for DCT. Furthermore, during the forecast period, the market for final drive is expected to be dominated by differential and the e-axle segment and is anticipated to acquire a major share of the market. This segment is expected to grow at the fastest rate owing to its advantage in reducing the overall weight and improving efficacy of the driveline.

45 to 100 kW segment to grab a major share of the market during the estimated period

The performance of a motor is calculated based on its output, which is termed as the traction output. The motor output comes in a range from 12 kW to >250 kW and relies on the vehicle specification.  The 45 to 100 kW sector is projected to witness the largest market volume all through the forecast period because of increased adoption in the Asian region. With respect to value, the >250 kW segment is predicted to be the fastest growing segment throughout the estimated period.

Asia Oceania to dominate the market during the forecast period

Asia Oceania is anticipated to be the largest as well as the fastest growing market. The increased production and sales of hybrid and electric vehicles is accountable for the fastest growth of the market in this region. Besides, the increasing income of the customers in this region has formed a promising environment for the development of the electric and hybrid vehicle market in Asia Oceania. On the other hand, China has been observed as one of the top countries in auto component exports.

The major reasons limiting the progress of driveline market in developing countries are the high price of the technology as compared to conventional IC engine-powered driveline and the absence of infrastructure development for charging.

Key Players

Driveline manufacturers have implemented the strategies for new product development and regional expansion to achieve a top position in the global driveline market. The major market players prevalent in this industry are GKN (UK), Schaeffler (Germany), ZF (Germany), BorgWarner (US), and Robert Bosch (Germany); OEMs such as Volkswagen (Germany), Toyota Motors (Japan), Ford Motors (US), Mahindra & Mahindra (India); and equipment manufacturer associations such as Japan Automotive Manufacturers Association (JAMA), Automotive Component Manufacturers Association of India (ACMA), and European Automobile Manufacturers' Association (ACEA).

Key Segments

By Vehicle Type

  • Hybrid electric vehicle (HEV)
  • Electric vehicle (EV)
  • Plug-in hybrid electric vehicle (PHEV)

By Architecture

  • Series driveline
  • Parallel driveline
  • Power split driveline
  • Electric driveline

By Final Drive

  • E-axle
  • Differential

By Power Electronics

  • Inverter
  • Power control unit (PCU)
  • Converter

By Transmission Type

  • Automatic transmission (AT)
  • Dual Clutch Transmission (DCT)
  • E-CVT

By Motor Output

  • 45 — 100 kW
  • 101 — 250 kW
  • >250 kW

By Drive Type

  • Rear wheel drive (RWD)
  • Front wheel drive (FWD)
  • All-wheel drive (AWD)

By Region

  • North America
  • Asia Oceania
  • Europe
  • RoW
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