Driveline Market For Electric & Hybrid Vehicle Synopsis:
Vehicle driveline transmits power to the driving wheels of the vehicle which may be electrically or hybrid based. Hybrid vehicles are able to switch between electric motor and combustion engine. As various countries are switching to eco-friendly transportation solutions. Instead of using heavy & rigid shafts in Sports Utility Vehicles (SUVs), lightweight hollow shafts will be expected to manufactured and installed by automotive industries. However, lightweight hollow shafts are generally equipped in small and mid-size sedans.
Market Growth Factors:
Growth in demand for Battery Equipment Vehicles (BEV) in electric vehicle sector is expected to drive the global driveline market. Vehicles equipped with various features such as, All-wheel Drive (AWD), Anti-lock Braking System (ABS), Electronic Brakeforce Distribution (EBD) must require in vehicles to perform well in unfavourable terrains like heavy rains, icy roads, wet-muddy roads, desserts. However, these features in vehicles increased the initial and maintenance cost and act as a restraint for driveline market. Developing market for SUVs & premium cars with AWD, EBD will be the great opportunity to driveline market in upcoming years. As well as installation of electronics in drivelines creates good opportunity for this market. The challenges for driveline market will be to make the drivelines more lightweight & efficient with having less cost.
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The driveline market for electric & hybrid vehicles is segmented on the basis of vehicle type such as, passenger car, light commercial vehicles, heavy commercial vehicles (trucks, buses). Further segmentation depends on wheel drive type as, front wheel drive, rear wheel drive and all-wheel drive (AWD). Drive source vehicle types are battery equipment vehicle (BEV), plugged in hybrid electric vehicle and hybrid vehicle.
Geographically, the driveline market for electric & hybrid vehicles is segregated in
- North America
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- South Africa
- Rest of the LAMEA
In Asia Pacific region, countries includes China, India, Japan and South Korea shows highest growth in crossover vehicle production which gives better traction helps to drive the driveline market. Further, it will follow by North America and European region as government regulations about hybrid vehicles is improving consistently.
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The major key players in driveline market for electric & hybrid vehicles are
- Aisin Seiki Co. Ltd.
- American Axle & Manufacturing Inc.
- Borgwarner Inc.
- GKN PLC
- ZF Friedrichshafen AG
- Magna International Inc.
- Dana Holding Corporation
- JTEKT Corporation
- Showa Corporation
- Schaeffler Group
These players are trying to recognise the needs of market in developing countries and expanding their strategies to improve business needs.
- On February, 2018, GKN PLC announced that, GKN Driveline’s expertise in efficient, high-performance electric vehicle systems is delivering zero-emissions capability for London’s new electric taxis which is designed to minimise packaging and maximise performance.
- On January, 2018, Dana Holding Corporation announced a new, optimized axle/gearbox combination for small- and medium-sized single drum rollers that enables original-equipment manufacturers to reduce the package size of motors, pumps, and other hydraulic components.
- On December, 2017, Magna International Inc. presents its etelligentDrive systems. Magna offers automakers a variety of solutions for electrified powertrain architectures from hybrids to full electrics.
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