19 March 2021
Visiongain has published a new report on Driveline for Electric and Hybrid Vehicles Market Report to 2031: Forecasts by Vehicle Type (PHEV, EV, HEV), by Architecture (Parallel Driveline, Power Split Driveline, Series Driveline, Electric Driveline), by Power Electronics (Inverter, Power control Unit, Converter), by Drive Type (RWD, FWD, AWD), by Final Drive (Differential, E-axle), by Motor Output (45-100kW, 101-250kW, 250kW), by Transmission Type (Dual Clutch Transmission, Automatic Transmission, E-CVT) and Region PLUS Profiles of Leading Driveline Market for Electric & Hybrid Vehicle Manufacturing Companies and Regional and Leading National Market Analysis. PLUS COVID-19 Recovery Scenarios.
Global Driveline Market for Electric & Hybrid Vehicle market was valued at US$ xx billion in 2019 and is projected to reach at a market value of US$ xx billion by 2031. The Driveline Market for Electric & Hybrid Vehicle Market will be leading by sales of EV and HEV in respect to need of reducing emission to the minimum.
COVID-19 Impact on Driveline Market for Electric & Hybrid Vehicle Market
As Covid-19 has caused a lot of damage in various industries, it has brought automotive industry to a halt too by causing vehicle production and supply disruptions. Analysis shows that it would be a major concern for Lower vehicle sales for automotive Vehicles for next few quarters and there will a thin chance for recovery of the market in the end of 2021.
Initiatives taken by the companies to develop advanced sensing technology is one of the major drivers. Technological advancement in field of Hybrid & Electric vehicle driveline such as E-axle, E-CVT, Automatic Start-Stop and Regenerative braking. The technologies and applications vary from Hybrid Vehicle to Electric Vehicle to Plug-in Hybrid Electric Vehicle etc. Therefore sales of electronic vehicle sales will drive the market of Driveline Electronic & Hybrid Electric Vehicle.
The introduction of new technology and autonomous vehicle has transformed to ease the commute. Driveline Market for Electric & Hybrid Vehicle technology in the market has reduced the complexity of driving having features such as Vehicle engine weight, Instant brake feature and smooth user friendly technology. The rising demand of electronic and hybrid vehicle will open new opportunity to explore/
The global Driveline Market for Electric & Hybrid Vehicle market is dominated by big players such as ZF Friedrichshafen, Schaeffler, GKN, BorgWarner, Volkswagen, Ford Motors, Toyota Motors, Mahindra & Mahindra and Robert Bosch. These companies have secure their position in the market to offer wide range of advanced assistance systems. The key strategies adopted by these companies is to sustain their market position are new technology, new product development, Contract agreement and Collaborations.
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