Electric and Hybrid Vehicles Driveline

Global Electric and Hybrid Vehicles Driveline Market to Reach US$95.3 Billion by 2030

The global market for Electric and Hybrid Vehicles Driveline estimated at US$41.7 Billion in the year 2024, is expected to reach US$95.3 Billion by 2030, growing at a CAGR of 14.8% over the analysis period 2024-2030. Electronic Continuously Variable Transmission (E-CVT), one of the segments analyzed in the report, is expected to record a 14.5% CAGR and reach US$43.2 Billion by the end of the analysis period. Growth in the Automatic transmission (AT) segment is estimated at 14.8% CAGR over the analysis period.

The U.S. Market is Estimated at US$11.1 Billion While China is Forecast to Grow at 19.9% CAGR

The Electric and Hybrid Vehicles Driveline market in the U.S. is estimated at US$11.1 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$22.6 Billion by the year 2030 trailing a CAGR of 19.9% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 10.7% and 12.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 11.5% CAGR.

Global Electric and Hybrid Vehicles Driveline Market - Key Trends and Drivers Summarized

What Is the Role of Drivelines in Electric and Hybrid Vehicles?

The driveline in electric and hybrid vehicles is a critical component that transmits power from the engine or motor to the driving wheels. Unlike traditional internal combustion engine vehicles that rely primarily on a complex gearbox and driveshaft system, electric and hybrid drivelines often use simpler, more efficient designs that capitalize on the direct torque delivery characteristics of electric motors. These systems can include configurations such as direct drive, single-speed gearboxes, and advanced multi-speed transmissions specifically designed to handle the high torque and rapid response rates of electric motors. In hybrid vehicles, the driveline may also integrate components that allow seamless switching between electric and combustion engine power, optimizing efficiency and performance under various driving conditions.

How Are Innovations in Driveline Technology Enhancing Electric Vehicle Performance?

Innovations in driveline technology are central to enhancing the performance and appeal of electric and hybrid vehicles. One significant advancement is the development of electronically controlled all-wheel-drive systems that can distribute power dynamically between the wheels. This not only improves vehicle handling and stability but also optimizes energy use and extends the driving range. Another breakthrough is the use of lightweight materials and novel gearbox designs that reduce energy losses through mechanical inefficiencies and contribute to overall vehicle weight reduction, further increasing efficiency. Furthermore, the integration of regenerative braking systems within the driveline helps in recovering energy that would otherwise be lost during braking, converting it into electricity to recharge the battery and extend the vehicle’s range.

What Challenges and Opportunities Exist in the Development of Electric and Hybrid Vehicle Drivelines?

The development of drivelines for electric and hybrid vehicles presents both challenges and opportunities. One major challenge is the need for high initial investments in research and development to create systems that are both efficient and capable of handling the high power and torque characteristics of electric motors. Additionally, the integration of such advanced drivelines into vehicle architectures requires extensive modification to traditional vehicle design and manufacturing processes. On the opportunity side, the shift toward electric mobility opens up new markets for manufacturers specializing in advanced drivetrain components and systems, including those offering solutions for noise, vibration, and harshness (NVH) reduction, which is particularly important in the quieter running electric vehicles. Moreover, the push towards sustainability and reduction in global carbon emissions provides a strong impetus for the development and adoption of these technologies, supported by government incentives and tightening environmental regulations.

What Drives the Growth in the Electric and Hybrid Vehicle Driveline Market?

The growth in the electric and hybrid vehicle driveline market is driven by several factors, including technological advancements, increasing consumer demand for energy-efficient vehicles, and supportive government policies. As the global automotive industry moves towards electrification in response to environmental concerns and fuel economy standards, there is a growing need for driveline systems that are specifically designed for electric and hybrid applications. Consumer preferences are also evolving, with more drivers seeking vehicles that offer not only reduced emissions but also lower operating costs and high performance. Additionally, many governments around the world are offering financial incentives for electric vehicle purchases and investing in charging infrastructure, which further stimulates the market. The technological push towards connected and autonomous vehicles, which are largely electric, also contributes to the growth of the driveline market, as these future vehicles will require highly sophisticated drivelines that integrate seamlessly with electronic control systems for optimal performance. These factors, combined with ongoing research and development in driveline efficiencies, ensure a dynamic and rapidly evolving market landscape.

SCOPE OF STUDY:

The report analyzes the Electric and Hybrid Vehicles Driveline market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Transmission (Electronic Continuously Variable Transmission (E-CVT), Automatic Transmission (AT), Dual Clutch Transmission (DCT)); Vehicle Type (Hybrid Electric Vehicle (HEV), Plug-in Hybrid Electric Vehicle (PHEV), Electric Vehicle (EV))

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 46 Featured) -

• BorgWarner, Inc.
• Continental AG
• Delphi Technologies
• Denso Corporation
• GKN PLC
• Hitachi Ltd.
• Robert Bosch GmbH
• Schaeffler AG
• Valeo SA
• ZF Friedrichshafen AG

Please note: Reports are sold as single-site single-user licenses. Electronic versions require 24-48 hours as each copy is customized to the client with digital controls and custom watermarks. The Publisher uses digital controls protecting against copying and printing is restricted to one full copy to be used at the same location.

The latest version of Adobe Acrobat Reader is required to view the report. Upon ordering an electronic version, the Publisher will provide a link to download the purchased report.

Prior to fulfillment of an order, the client will be required to sign a document detailing the purchase terms for a publication from this publisher.