Driveline For Electric Vehicle Market Growth To Propel Based On Stringent Regulations Imposed By Government Across Various Nations To Control Carbon Emissions From Automobiles

The global driveline for electric vehicle market is estimated to witness a healthy CAGR during the forecast period (2013 to 2028), according to a report available on Radiant Insights, Inc. Driveline is defined as a mechanical system that moves an automobile in forward or backward direction. It lies between differential and transmission of the vehicle. The system consists of multiple components such as universal joints and drive shaft, which are combined together to perform a specific function.  

Stringent regulations imposed by government across various nations to control carbon emissions from automobiles is anticipated to propel market growth. Automobile manufacturers are adopting electric and hybrid vehicle technology to contribute to the environment. Growing awareness among consumers regarding environmental benefits of battery operated vehicles is encouraging them to invest in the technology. This factor is likely to stimulate demand for electric driveline system in automobiles. In addition, strategic initiatives being taken by governments across the globe to boost sales is also expected to impel market growth.

To cater to rising demand for electric vehicles, manufacturers are investing in R&D to develop efficient driveline systems. For instance, in June 2019, Tata Motors launched Ultra Business Utility Vehicles (BUV) offering next generation common rail engine. Tata Ultra 814 has G-550 six speed gear box with cable shift mechanism and axle technology.

Access "104" page research report with TOC on "Driveline For Electric Vehicle Market" available with Radiant Insights, Inc. @ https://www.radiantinsights.com/research/2013-2028-report-on-global-driveline-for-electric-vehicle-market
  
The driveline for electric vehicle market is segregated on the basis of architecture type, motor type, transmission type, motor type, vehicle type, drive type, and region. Based on architecture type, the market can be categorized into parallel, series, and power split. On the basis of motor type, the market can be classified into 45-100kW, 100-250 kW, and >250kW. In terms of transmission type, the market can be segmented into dual-clutch transmission, automatic transmission, and electric continuously variable transmission. On the basis of vehicle type, the market can be divided into battery operated, hybrid, and plug-in hybrid vehicles.

Regional segmentation includes North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. Asia Pacific is anticipated to hold highest market share over the forecast period. This is attributed to increasing production and sales of electric cars in the region. Stringent regulatory policies imposed by governments in developing countries such as China and India to control carbon emission is driving regional growth.

Some of the key players in the driveline for electric vehicle market are Robert Bosch, Denso Corporation, BorgWarner, GKN, and Toyota Motor Corporation. Most companies are investing in business strategies such as mergers and acquisition or business expansion to increase production capacity. For instance, GKN Automotive is designing (Advanced Cooling and Control of High Speed e-Drive) ACeDrive system. The system is expected to be the world’s most efficient and lightest electric powertrain. GKN is doing it in partnership with Drive System Design and the University of Nottingham.