Driveline Market - Forecast(2021 - 2026)

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Driveline Market Forecast, Demand Analysis,
Market Share, Market Report (2021-2026)
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• 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.

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• 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.

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By Distribution Channel- Segment Analysis 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.
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• Driveline Market  Industry Outlook 
• ZF Friedrichshafen AG
• Schaeffler AG
• GKN Automotive Limited
• BorgWarner Inc
• Robert Bosch GmbH
• Volkswagen

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Driveline Market - Forecast(2021 - 2026) Learn
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m/Research/Driveline-Market-Research-501113
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• Data Tables
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