Automotive Electric Drivetrain System Market Perceives A Flourishing Growth At 5.98%; Global Forecast to 2023

Market Research Future published a research report on “Automotive Electric Drivetrain System Market Research Report- Forecast 2022” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2022.

Automotive Electric Drivetrain System Market Information Report by Type (All-Wheel Drive, Rear Wheel Drive, Front Wheel Drive), Electric Vehicle Drivetrain Type (BEV, PHEV, HEV), Vehicle Type (Passenger car and Commercial Vehicle) and Region.

 

Aisin Seiki Co., Ltd. (Japan), American Axle & Manufacturing, Inc. (U.S.), GKN plc. (U.S.), Magna International Inc. (Canada), BorgWarner Inc. (U.S.), Dana Holding Corporation (U.S.), JTEKT Corporation (Japan), TM4 (Canada), Magtec (U.K.), Delphi Automotive LLP (U.K), Visedo (Finland), Parker Hannifin Corp (U.S.), Punch Powertrain Nv (Belgium), AVTEC LTD (India),  AxleTech International SAS (U.S.). and others are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Automotive Electric Drivetrain System Market.

 

Automotive Electric Drivetrain System Global Market – Overview 

The Global Automotive Electric Drivetrain System Market is growing with the rapid pace. According to a recent study report published by the Market Research Future, The global market of Automotive Electric Drivetrain System will grow at a rapid pace over the forecast period. The market is forecasted to witness slow but steady growth by 2027, which will be a surplus growth at a moderate CAGR during the projected period (2016 -2027).  

The shift to electrification from manual transmission is one of the biggest changes in the automotive industry. The automotive drivetrain is the component of the vehicle that includes drive shafts, wheel, axles, U Joints, CV joints, and transmission. All the parts of the drivetrain are responsible for providing transmission so as to move the wheels of the vehicle forward. In other words, it transfers power to the wheels of the vehicle. The driveshaft is the long steel structure in tubular form that is linked with the gearbox of the vehicle to provide the rotary movement in the wheel. Universal joint is the main component that allows the wheel to move in different angles. Axle is the connected shaft between the wheels and the drive system and provides the transmission power to the wheel for making it rotate. Drivetrain is also called powertrain train. The only difference is that the powertrain consists of whole system that provides power to the wheels while drivetrain consists of components that link the driveline and wheel. In future, electric drivetrain will replace manual transmission drivetrain because of its better efficiency and environment friendliness.    

 

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The factors that are responsible for the growth of automotive electric drivetrain market are stringent regulations for emission, rise in the sales of electric driven vehicle, and increased fuel efficiency of vehicles. All over the world, governments are greatly supporting the transition to electric vehicles. The International Energy Agency has taken a great initiative in support of the electric vehicle so as to restrict the emission from vehicles that can harm the environment. The increase in the sale for electric vehicle will lead to rise in the sale of drive train, which will indirectly result in the growth of the drivetrain market. The electric drivetrain provides better efficiency, due to which there will be increase in the use of electric drivetrain in all types of vehicle. All the above factors will result in the growth of the electric drivetrain system market. The market is expected to reach USD 256 billion by 2023, at a CAGR of 5.98% during the forecast period.

 

Industry/ Innovation/ Related News: 

March, 2017 – American Axle & Manufacturing (AAM) has developed completely new, significantly improved axle technology. QUANTUM driveline technology is scalable across a wide range of vehicle segments and provides substantial advantages regardless of vehicle size – reduced mass, increased power density, improved noise vibration and harshness (NVH) and efficiency gains in a more compact system package 

September, 2017– GKN Driveline will revealed an all-new electric axle concept at the 67th Frankfurt International Motor Show (IAA) this week, representing the world’s most advanced electrified driveline technology. The state-of-the-art concept is a showcase for GKN’s expertise in efficient and high-performance compact driveline systems. GKN’s new eAxle is called ‘eTwinsterX’ and offers three key advantages over conventional electric drivelines. 

November, 2016 – GKN Driveline continued its global electric axle (eAxle) drive partnership with the BMW Group, supplying eAxle technology for a plug-in hybrid version of the BMW X1 for the Chinese market. The system is part of the same scalable family of eAxles used in the plug-in hybrid BMW 2 Series Active Tourer 225xe.

 

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Automotive Electric Drivetrain System Market – Segmentation

The Global Automotive Electric Drivetrain System Market is segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;

Segmentation by Type                  : Comprises All-Wheel Drive, Rear Wheel Drive, Front Wheel Drive.

Segmentation by Drivetrain Type   : Comprises BEV, PHEV, HEV

Segmentation by Vehicle Type  : Comprises Passenger car and Commercial Vehicle

Segmentation by Regions            : Comprises Geographical regions – North America, Europe, APAC and Rest of the World.

 

Automotive Electric Drivetrain System Market: Regional Analysis

On the basis of regions, the market is segmented based on North America, Asia Pacific, Europe, and Rest of the World. The Asia Pacific region is expected to dominate the drivetrain market due to the increase in the production of vehicle. The Asia Pacific region is mainly dominated by front wheel vehicle segment because of its ability to provide better fuel efficiency and performance. In Asia Pacific, the front wheel drive exists mainly in the passenger cars that are drive by families. In addition to this, automotive manufacturers are developing different technologies to provide better efficiency in all-wheel-drive (AWD). In China and India, AWD is expected to dominate the market, in the future because of the introduction of compact crossovers, which provide a sport utility feature to the vehicle. Europe is expected to be the second largest region in this market. According to European Commission, most automotive manufacturers are working to develop cutting-edge hybrid, electric and fuel cell technology for vehicles that can provide better efficiency. This will drive the growth of the market in Europe.

 

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