Overview
Electric vehicles need a driveline system in order to convert and control the power supply from the battery of the electric vehicle. An electric propulsion engine utilizes an on-board rechargeable energy storage system for its operation. Increasing adoption of electric vehicles is projected to boost the car driveline market during the forecast period. Rigorous norms imposed globally by regulatory bodies on carbon emissions of automobiles are also anticipated to propel the adoption of driveline in electric vehicles, as they are expected to eliminate the burning of fossil fuel and generated emission in gasoline vehicles, as there is no emission from electric vehicles. Rapid usage of renewable sources of energy is a key driving factor that is boosting the car driveline market. Manufacturing of a driveline is highly expensive and time-consuming; thus, posing a restraint to the global car driveline market. The major factors hampering the growth of the driveline market for automotive vehicle are the high cost of technology as compared to conventional IC engine-powered driveline and the lack of infrastructure development for charging in developing countries. By product type, the global car driveline market can be segmented into Series Driveline, Parallel Driveline and Power Split Driveline. The parallel Driveline for automotive hybrid vehicle was estimated to grow at the fastest rate during the forecast period owing to its benefits such as better efficiency and less complexity. Series driveline is linked in the series combination to transmit the motion. The power split device is a universal gear set. The electric motor is attached to the ring gear of the gear set. It is also directly attached to the differential, which drives the wheels. So, whatever speed the electric motor and ring gear spin at determines the speed of the car.
As per application side, the global automotive car driveline market is categorized into 45-100, 101-250, >250kW. The performance of a motor is measured by its output, which is known as the traction output. The motor output differs from 12 kW to >250 kW and depends on the vehicle specification. The 45 to 100 kW market is projected to showcase the largest market volume over the forecast period due to high adoption in the Asian region. In terms of value, the >250 kW segment is expected to be the fastest growing segment during the forecast period. Geographically, the global automotive car driveline market has been divided into four major regions such as North America, Europe, Asia-Pacific, and The Rest of the World. Asia Pacific is expected to be the largest and the fastest growing market. The major reason for the fastest growth is heavy production and sales of hybrid and electric vehicles in the region, especially in China and India. Also, the rising per capita income of the region’s widespread consumer base has created a favourable environment for the growth of the electric and hybrid vehicle market in Asia Pacific. China is one of the leading player in auto component exports. North America is a rapidly expanding market for driveline for electric vehicles. Europe is expected to present growth opportunities to the car driveline market for electric vehicle. Driveline manufacturers have implemented the strategies of new product development and geographical expansion to gain grip in the car driveline market for automotive. The key market players are ZF (Germany), Schaeffler (Germany), GKN (UK), BorgWarner (US), Robert Bosch (Germany), Volkswagen (Germany), Ford Motors (US), Toyota Motors (Japan), and Mahindra & Mahindra (India). These players are progressively undertaking mergers and acquisitions, and product launches to develop and present new technologies and products in the market. Employment of research and development activities to develop fuel-efficient systems by these market players is assumed to capture higher market shares.
Major players in the Market are identified through secondary research and their Market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top manufacturers; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and Marketing executives. The percentage splits, Market shares, growth rate and breakdowns of the product Markets are determined through using secondary sources and verified through the primary sources. Inquiry about report OR ask for Sample Report @ https://www.profsharemarketresearch.com/inquiry/car-driveline-market-reportinquiry/ Global Car Driveline Market: Product Type Series Driveline Parallel Driveline Power Split Driveline
Global Car Driveline Market: Application 45-100 101-250 >250kW Global Car Driveline Market: Competitive Analysis ZF Schaeffler BorgWarner GKN Robert Bosch Volkswagen Ford Motors Toyota Motors Mahindra & Mahindra Car Driveline Market: Regional Analysis North America U.S.A Canada Europe France Germany Spain UK Rest of Europe Asia Pacific China Japan India South East Asia Latin America Brazil Middle East and Africa
Access Full Report @ https://www.profsharemarketresearch.com/car-driveline-market/ Car Driveline Market Report delivers comprehensive analysis of : Market Forecast for 2019-27 Market growth drivers Challenges and Opportunities Emerging and Current market trends Market player Capacity, Production, Revenue (Value) Supply (Production), Consumption, Export, Import analysis End user/application Analysis About Profshare Profshare Market Research is a full service market research company that delivers in depth market research globally. We operate within consumer and business to business markets offering both qualitative and quantitative research services. We work for private sector clients, along with public sector and voluntary organisations. Profshare Market Research publishes high quality, in-depth market research studies, to help clients obtain granular level clarity on current business trends and expected future developments. We are committed to our client’s needs, providing custom solutions best fit for strategy development and implementation to extract tangible results. For more information, visit https://www.profsharemarketresearch.com/ OR Email us at sales@profsharemarketresearch.com Contact : Mia Cox Sales Manager miacox@profsharemarketresearch.com