Global Car Driveline Market Overview:
A car driveline is a vehicle system that pushes an automobile forward or backward direction. It runs between a vehicle’s transmission and drive axles and transmits power that turns the wheels. Without a driveline, the power created in the engine would stop in the transmission and never turn the wheels. It generally consists of a drive shaft and universal joints. It is a mechanical element used to transmit torque and rotation used to connect other components of a drive train that cannot be linked directly owing to the distance or the need to allow for relative movement between them
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
The trend for engine downsizing is rising and Technologies such as combustion control improvement are introduced for better performances of car driveline
Market Growth Drivers:
The increasing demand for automated transmission leads to the growth for car driveline and The enhanced traction, high towing capacity and increased acceleration in cars for safe driving in poor weather conditions demand car driveline
Challenges:
Manufacturing costs are high
Restraints:
Government stringent regulation of emission norms may affect the growth for car driveline
Opportunities:
The rising demand for electric cars is rising as it is not harmful to the environment
Competitive Landscape:
The key players are focusing on strategic partnerships and new product launches to improve their products and services, along with increasing their client base to strengthen their market position and enhance their product and service offerings.
Some of the key players profiled in the report are Schaeffler Technologies AG & Co (Germany), ZF Friedrichshafen AG (Germany), BorgWarner Inc. (United States), GKN Automotive (United Kingdom), Siemens AG (Germany), Conductix-Wampfler (Germany), American Axle & Manufacturing, Inc. (United States), GKN Automotive Limited (United Kingdom), Korea Flange Co., Ltd. (South Korea) and Wanxiang Qianchao Co., Ltd. (China). Additionally, following companies can also be profiled that are part of our coverage like Dana Incorporated (United States), Smart Manufacturing Technology Ltd. (United Kingdom), JTEKT Corporation (Japan), NTN-SNR Roulements S.A. (France) and Ruland Manufacturing Company, Inc. (United States). Analyst at AMA Research see United States & European Vendors to retain maximum share of Global Car Driveline market by 2028. Considering Market by Transmission Types, the sub-segment i.e. Manual Transmission will boost the Car Driveline market. Considering Market by Automatic transmission types, the sub-segment i.e. Automated Manual Transmission (AMT) will boost the Car Driveline market.
Latest Market Insights:
In August 2022, Cummins Inc. acquired Meritor, Inc., a leading global supplier of drivetrain, braking, mobility, aftermarket, and electric powertrain solutions for commercial vehicle and industrial markets.
In October 2019, ZF Friedrichshafen AG, a German car parts manufacturer is the Official Powertrain Partner of Mahindra Racing, one of the founding teams in the ABB FIA Formula E Championship. It includes development both a single-gear, highly efficient transmission & power electronics, which have been specifically designed for the application in motorsports
What Can be Explored with the Car Driveline Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Car Driveline Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Car Driveline
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Car Driveline market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Car Driveline market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Manufacturers of Car Driveline, New Entrants/Investors, Analysts and Strategic Business Planners and Providers, Raw Material Suppliers, Dealers, Suppliers, Traders, and Distributors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industry.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.