Global Driveline Market for Electric & Hybrid Vehicle Market is projected to grow at a significant CAGR during the forecast period. Stringent emission regulations set by the governments are force OEM’s to adopt the hybrid and electric vehicle technology which is positively impacting the growth of the market. Moreover, increasing demand for better fuel efficiency and increasing sales of electric & hybrid vehicles are expected to push the driveline market for electric & hybrid vehicle in the coming years. However, novel COVID-19 disease is resulting in low vehicle sales which might hamper the growth of the market in 2021.
In terms of regional analysis, APAC is expected to be the largest market of driveline market for electric & hybrid vehicle market during the forecast period due to heavy production and sales of hybrid and electric vehicles and the rising per capita income.
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Some of the major players operating in Global Driveline Market for Electric & Hybrid Vehicle Market are GKN PLC, Valeo, Hitachi Ltd, Denso Corporation, Continental AG, Robert Bosch GMBH, Borg Warner, Inc, Delphi Technologies, ZF Friedrichshafen AG, Schaeffler AG. Major companies are developing advanced technologies and launching new products to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new product developments.
Years considered for this report:
Historical Years: 2016-2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022–2026
Objective of the Study:
- To analyse and forecast the market size of Driveline Market for Electric & Hybrid Vehicle, in terms of value and volume.
- To classify and forecast Global Driveline Market for Electric & Hybrid Vehicle based on vehicle type, transmission type, motor output, architecture, and regional distribution.
- To identify drivers and challenges for Global Driveline Market for Electric & Hybrid Vehicle.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Global Driveline Market for Electric & Hybrid Vehicle.
- To conduct the pricing analysis for Driveline Market for Electric & Hybrid Vehicle.
- To identify and analyse the profile of leading players involved in the manufacturing of Global Driveline Market for Electric & Hybrid Vehicle.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analysed the service offerings, distribution channels and presence of all major collaboration manufacturers across the globe.
TechSci Research calculated the market size of Global Driveline Market for Electric & Hybrid Vehicle using a bottom-up approach, where data for various end user industries and its application across various product types were recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analysing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company website, news articles, press releases, company annual reports, investor presentations and financial reports were also used by TechSci Research.
Key Target Audience:
- Original Equipment Manufacturers
- Electric driveline Manufacturers
- Raw Material Suppliers
- Traders, Distributors, and Suppliers
- Industry associations and experts
- Research organizations and consulting companies.
- Research Institutes
- Industry associations
- Market research and consulting firm.
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as collaboration service providers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
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About TechSci Research:
TechSci Research is a research-based management consulting firm providing market research and advisory solutions to its customers worldwide, spanning a range of industries. TechSci Research’s core values are value, integrity and insight. Led by a team of dynamic industry experts, TechSci Research provides its customers with high value market research and advisory services that helps them identify new market opportunities, growth engines and innovative ways to capture the market share. As a result, TechSci’s client leads rather than follow market trends. Not bound by legacy, TechSci’s cutting-edge research model leverages its decades of research knowledge and an increased use of technology as engines of innovation to deliver unique research value. Provided as an alternative to traditional market research, TechSci Research reports do not just deliver data and knowledge rather highlights the insights in a more usable and interactive format for its clients.
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