Driveline Market Size, Share & Trends Analysis Report By Vehicle Type (Hybrid Vehicles, Plug-in Electric Hybrid, Battery Electric Vehicle), By Drive Type (Front Wheel Drive, Rear Wheel Drive), By Region, And Segment Forecasts, 2023 To 2030

The driveline market refers to the automotive industry that transmits power from the engine to the wheels of the vehicle. The driveline consists of transmission, driveshaft, axels, wheels, and differentials. The driveline is a necessary part of the vehicle and allows the vehicle to move. There is growth in the driveline market as the demand for four-wheeler vehicles is increasing worldwide. For instance, in January 2023, according to an article published by The Times of India, 37.93 lakh cars were sold in 2022. The number has increased by 23.1 % from the previous year. There is an increase in the yearly sales of companies such as Kia India (40.2%), Toyota Kirloskar Motor (22.6%), and Tata Motors (58.2%). Manufacturers have adopted hybrid and electric vehicle technology due to the increased need for higher efficiency of fuel and more stringent emission restrictions by governments worldwide. Technological advancements in hybrid and electric drivelines, such as automated stop-start, E-CVT & E-axle, and regenerating brakes, are increasing the demand for hybrid and electric drivelines.

Internal Combustion Engine (ICE) vehicles are a part of the driveline market using gasoline or diesel-powered engines to generate power that transmits to wheels through driveline components. To improve performance & efficiency, new materials and technologies are launched in driveline components for ICE vehicles. For better acceleration & fuel efficiency, new transmissions are designed to have more gears. To reduce weight and boost performance lightweight, materials such as carbon fiber and aluminum are used in driveline components. There is a shift toward the demand for driveline components for electric and hybrid vehicles to reduce greenhouse gas emissions and increase fuel efficiency. According to an article published in November 2021, Indian Prime Minister Narendra Modi announced a strategy that by 2030, India would lower its economy's carbon intensity by less than 45% and reduce total expected carbon emissions by one billion tonnes.

The COVID-19 pandemic had a negative impact on the driveline market as the manufacturing and production of automotive parts were shut down. Due to the social distancing measures and restrictions to spread the infection, the production of different automotive parts components was stopped. Due to insufficiency and unavailability of raw materials, the automotive industry was affected.

Driveline Market Segmentation

• By Vehicle Type

  • Hybrid Vehicles

  • Plug-in Electric Hybrid

  • Battery Electric Vehicle

  • ICE Vehicle

• By Component

  • Front Wheel Drive

  • Rear Wheel Drive

  • All Wheel Drive

• By Region

  • North America

    • U.S.

    • Canada

  • Europe

    • UK

    • Germany

    • France

    • Italy

    • Spain

    • Denmark

    • Sweden

    • Norway

  • Asia Pacific

    • Japan

    • China

    • India

    • Australia

    • Thailand

    • South Korea

  • Latin America

    • Brazil

    • Mexico

    • Argentina

  • Middle East & Africa

    • South Africa

    • Saudi Arabia

    • UAE

    • Kuwait

• Key players

  • Schaeffler AG

  • GKN Automotive Limited

  • ZF Friedrichshafen AG

  • BorgWarner Inc.

  • Bosch Limited

  • Melrose Industries PLC

  • Ford Motor Company

  • KNL Driveline Parts Private Limited

  • 韩剧动力传动系统系统有限

  • Toyota Motor Corporation