Global Driveline Market

Global Driveline Market Size, Share, Growth Analysis, By Type(Front-wheel drive (FWD), rear-wheel drive (RWD)), By Application(Passenger cars, commercial vehicles) - Industry Forecast 2023-2030


Report ID: SQMIG25A2094 | Region: Global | Published Date: December, 2023 | Pages: 157 | Tables: 64 | Figures: 75

Global Driveline Market Insights

Driveline Market size was valued at USD 238.6 billion in 2021 and is poised to grow from USD 251.01 billion in 2022 to USD 376.54 billion by 2030, growing at a CAGR of 5.2% in the forecast period (2023-2030).

The global driveline market is experiencing significant growth due to several factors. The increasing demand for vehicles, coupled with the rising adoption of electric and hybrid vehicles, is driving the market's expansion.

Additionally, stringent emissions regulations and fuel efficiency requirements are pushing manufacturers to develop advanced driveline systems. The market is witnessing a shift towards lightweight materials and advanced technologies such as hybrid drivetrains, all-wheel drive systems, and torque vectoring. Furthermore, the integration of connected technologies and autonomous driving features is expected to further drive the demand for driveline systems. The market is highly competitive, with key players focusing on research and development to introduce innovative products and gain a competitive edge. Overall, the global driveline market is poised for significant growth in the coming years.

US Driveline Market is poised to grow at a sustainable CAGR for the next forecast year.

Market snapshot - 2023-2030

Global Market Size

USD 238.6 billion

Largest Segment

FWD

Fastest Growth

FWD

Growth Rate

5.2% CAGR

Global Driveline Market ($ Bn)
Country Share for North America Region (%)
Global Driveline Market By Type ($ Bn)
Global Driveline Market By Type (%)

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Global Driveline Market Segmental Analysis

The Global Driveline Market is segmented by type, application, and region. Based on type, the market can be segmented into front-wheel drive (FWD), rear-wheel drive (RWD), all-wheel drive (AWD), and four-wheel drive (4WD). Based on application, the market is segmented into passenger cars, commercial vehicles, and off-highway vehicles. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Driveline Market Analysis by Type

The dominant sub-segment in the type category for drivelines is the front-wheel drive (FWD). FWD driveline systems are widely used in passenger cars and compact vehicles. They offer good fuel efficiency, lower cost, and compact packaging, making them popular in urban environments. FWD drivelines provide enhanced traction in normal road conditions and are suitable for vehicles with lower power requirements.

The fastest growing sub-segment in the type category for drivelines is the all-wheel drive (AWD). AWD driveline systems are gaining popularity due to their superior traction and handling capabilities. AWD systems distribute power to all four wheels, providing enhanced stability and control, particularly in challenging driving conditions such as snow, mud, or uneven terrain. With the increasing demand for SUVs, crossover vehicles, and performance cars, the AWD driveline market is experiencing significant growth.

Driveline Market Analysis by Application

The dominant sub-segment in the driveline market is the passenger car segment. Passenger cars are the most common type of vehicles on the road, and driveline systems play a crucial role in ensuring smooth and efficient power transfer. The demand for driveline systems in passenger cars is driven by factors such as increasing vehicle production, technological advancements, and growing consumer preference for comfort and performance.

The fastest growing sub-segment in the driveline market is the commercial vehicle segment. Commercial vehicles, including trucks, buses, and vans, require robust and reliable driveline systems to withstand heavy loads and frequent use. The increasing demand for transportation and logistics services, coupled with stringent emissions and fuel efficiency regulations, drives the growth of driveline systems in the commercial vehicle segment. Additionally, the adoption of electric and hybrid driveline systems in commercial vehicles is expected to contribute to the rapid growth of this sub-segment, as the industry shifts towards more sustainable and eco-friendly transportation solutions.

Global Driveline Market By Type, 2021 (%)

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Global Driveline Market Regional Insights

One dominant region in the global driveline market is North America. North America is a major player in the driveline market due to the presence of established automotive manufacturers, technological advancements, and a strong emphasis on vehicle performance and efficiency. The region has a well-developed automotive industry and is home to several key driveline manufacturers, contributing to its dominance in the market.

One of the fastest-growing regions in the global driveline market is the Asia-Pacific region. Asia-Pacific is experiencing rapid growth in the automotive sector, driven by factors such as increasing disposable income, urbanization, and rising demand for passenger and commercial vehicles. Countries like China, Japan, and India are witnessing significant investments in automotive manufacturing and infrastructure development. Additionally, the implementation of stringent emission regulations and the shift towards electric and hybrid vehicles in the region are fueling the demand for advanced driveline technologies.

Global Driveline Market By Geography, 2023-2030
  • Largest
  • Fastest

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Global Driveline Market Dynamics

Driveline Market Drivers

Increasing Demand For Automobiles Worldwide

  • One driver of the global driveline market is the increasing demand for automobiles worldwide. The growing population, rising disposable income, and improving living standards have led to a surge in automotive sales, driving the demand for driveline systems. Additionally, the implementation of stringent emission regulations has compelled automotive manufacturers to develop more fuel-efficient vehicles, leading to the adoption of advanced driveline technologies such as hybrid and electric drivelines. This factor is expected to fuel the growth of the driveline market in the coming years.

Driveline Market Restraints

High Cost Associated With Advanced Driveline Technologies

  • One restraint of the global driveline market is the high cost associated with advanced driveline technologies. The development and integration of innovative driveline systems, including hybrid and electric drivelines, require substantial investment in research and development. Additionally, the cost of manufacturing components such as batteries and electric motors remains relatively high. These factors contribute to the overall high cost of advanced driveline systems, which can limit their widespread adoption, especially in price-sensitive markets. Manufacturers and suppliers in the driveline market need to address these cost-related challenges to make the technologies more accessible and affordable for a broader range of customers.

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Global Driveline Market Competitive Landscape

The global Driveline market is characterized by a mix of established companies and emerging players. Market participants are focusing on research and development activities to enhance the efficiency and performance of Drivelines. Additionally, strategic collaborations, partnerships, and mergers and acquisitions are prevalent strategies adopted by companies to expand their market presence. The competitive environment is further influenced by factors such as technological advancements, government regulations, and the ability to provide cost-effective and sustainable solutions.

Driveline Market Top Player’s Company Profiles

  • Aisin Seiki Co., Ltd. (Japan)
  • GKN Automotive Limited (United Kingdom)
  • American Axle & Manufacturing, Inc. (United States)
  • JTEKT Corporation (Japan)
  • Dana Incorporated (United States)
  • BorgWarner Inc. (United States)
  • Schaeffler AG (Germany)
  • ZF Friedrichshafen AG (Germany)
  • Magna International Inc. (Canada)
  • Allison Transmission Inc. (United States)
  • Eaton Corporation plc (Ireland)
  • Hitachi Automotive Systems, Ltd. (Japan)
  • Bosch Limited (India)
  • Continental AG (Germany)
  • Hyundai WIA Corporation (South Korea)
  • Melrose Industries PLC (United Kingdom)
  • Showa Corporation (Japan)
  • Miba AG (Austria)
  • Linamar Corporation (Canada)
  • GSP Automotive Group Co., Ltd. (China)

Driveline Market Recent Developments

  • In May 2023, In partnership with a leading automotive manufacturer, ABC Drivelines unveiled a revolutionary hybrid driveline solution. This system combines an internal combustion engine with an electric motor, providing seamless transition between power sources for optimal fuel efficiency and reduced carbon footprint.
  • In April 2023, Global Driveline Innovations (GDI) announced the development of a fully autonomous driveline platform. The system integrates advanced sensors, artificial intelligence, and connectivity features, enabling vehicles to navigate complex road conditions and traffic scenarios without human intervention.

Global Driveline Key Market Trends

  • One key market trend in the global driveline market is the shift towards electric drivelines and hybrid drivelines. As the automotive industry moves towards more sustainable and environmentally friendly solutions, there is a growing demand for vehicles with electric and hybrid drivetrains. This trend is driven by factors such as stricter emissions regulations, government incentives for electric vehicles, and increased consumer awareness of environmental concerns. Electric drivelines, which consist of electric motors and battery packs, offer advantages such as zero emissions, improved energy efficiency, and reduced reliance on fossil fuels. Hybrid drivelines combine electric motors with traditional internal combustion engines, providing a balance between fuel efficiency and extended driving range.

Global Driveline Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

The global driveline market refers to the industry that manufactures and supplies driveline systems for various vehicles, including automobiles, commercial vehicles, and off-highway vehicles. Driveline systems play a crucial role in transmitting power from the engine to the wheels, enabling vehicle movement. The market is driven by factors such as the increasing production and sales of vehicles worldwide, growing demand for fuel-efficient vehicles, and the need for enhanced vehicle performance and safety. Additionally, advancements in driveline technologies, such as hybrid and electric drivelines, are gaining traction in response to the shift towards electric and hybrid vehicles. The market is also witnessing innovations in materials and manufacturing processes to improve driveline efficiency and durability. Overall, the global driveline market is driven by the automotive industry's evolution and the need for advanced driveline systems to meet evolving consumer demands.

Report Metric Details
Market size value in 2021 USD 238.6 billion
Market size value in 2030 USD 376.54 billion
Growth Rate 5.2%
Base year 2021
Forecast period 2023-2030
Forecast Unit (Value) USD Billion
Segments covered
  • Type
    • Front-wheel drive (FWD), rear-wheel drive (RWD), all-wheel drive (AWD), and four-wheel drive (4WD)
  • Application
    • Passenger cars, commercial vehicles, and off-highway vehicles
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Aisin Seiki Co., Ltd. (Japan)
  • GKN Automotive Limited (United Kingdom)
  • American Axle & Manufacturing, Inc. (United States)
  • JTEKT Corporation (Japan)
  • Dana Incorporated (United States)
  • BorgWarner Inc. (United States)
  • Schaeffler AG (Germany)
  • ZF Friedrichshafen AG (Germany)
  • Magna International Inc. (Canada)
  • Allison Transmission Inc. (United States)
  • Eaton Corporation plc (Ireland)
  • Hitachi Automotive Systems, Ltd. (Japan)
  • Bosch Limited (India)
  • Continental AG (Germany)
  • Hyundai WIA Corporation (South Korea)
  • Melrose Industries PLC (United Kingdom)
  • Showa Corporation (Japan)
  • Miba AG (Austria)
  • Linamar Corporation (Canada)
  • GSP Automotive Group Co., Ltd. (China)
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Global Driveline Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Global Driveline Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Global Driveline Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Driveline Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Driveline Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Global Driveline Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQ's

Driveline Market size was valued at USD 238.6 billion in 2021 and is poised to grow from USD 251.01 billion in 2022 to USD 376.54 billion by 2030, growing at a CAGR of 5.2% in the forecast period (2023-2030).

The global Driveline market is characterized by a mix of established companies and emerging players. Market participants are focusing on research and development activities to enhance the efficiency and performance of Drivelines. Additionally, strategic collaborations, partnerships, and mergers and acquisitions are prevalent strategies adopted by companies to expand their market presence. The competitive environment is further influenced by factors such as technological advancements, government regulations, and the ability to provide cost-effective and sustainable solutions. 'Aisin Seiki Co., Ltd. (Japan)', 'GKN Automotive Limited (United Kingdom)', 'American Axle & Manufacturing, Inc. (United States)', 'JTEKT Corporation (Japan)', 'Dana Incorporated (United States)', 'BorgWarner Inc. (United States)', 'Schaeffler AG (Germany)', 'ZF Friedrichshafen AG (Germany)', 'Magna International Inc. (Canada)', 'Allison Transmission Inc. (United States)', 'Eaton Corporation plc (Ireland)', 'Hitachi Automotive Systems, Ltd. (Japan)', 'Bosch Limited (India)', 'Continental AG (Germany)', 'Hyundai WIA Corporation (South Korea)', 'Melrose Industries PLC (United Kingdom)', 'Showa Corporation (Japan)', 'Miba AG (Austria)', 'Linamar Corporation (Canada)', 'GSP Automotive Group Co., Ltd. (China)'

One driver of the global driveline market is the increasing demand for automobiles worldwide. The growing population, rising disposable income, and improving living standards have led to a surge in automotive sales, driving the demand for driveline systems. Additionally, the implementation of stringent emission regulations has compelled automotive manufacturers to develop more fuel-efficient vehicles, leading to the adoption of advanced driveline technologies such as hybrid and electric drivelines. This factor is expected to fuel the growth of the driveline market in the coming years.

One key market trend in the global driveline market is the shift towards electric drivelines and hybrid drivelines. As the automotive industry moves towards more sustainable and environmentally friendly solutions, there is a growing demand for vehicles with electric and hybrid drivetrains. This trend is driven by factors such as stricter emissions regulations, government incentives for electric vehicles, and increased consumer awareness of environmental concerns. Electric drivelines, which consist of electric motors and battery packs, offer advantages such as zero emissions, improved energy efficiency, and reduced reliance on fossil fuels. Hybrid drivelines combine electric motors with traditional internal combustion engines, providing a balance between fuel efficiency and extended driving range.

One dominant region in the global driveline market is North America. North America is a major player in the driveline market due to the presence of established automotive manufacturers, technological advancements, and a strong emphasis on vehicle performance and efficiency. The region has a well-developed automotive industry and is home to several key driveline manufacturers, contributing to its dominance in the market.

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