The Business Research Company’s report on the Amusement Parks Global Market Report 2025 Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
How are market drivers shaping the future growth trajectory of the driveline electric vehicle industry?
The growing number of electric vehicles is expected to propel the growth of the driveline electric vehicle market going forward. An electric vehicle (EV) is a vehicle that can be powered by an electric motor that draws electricity from a battery and is capable of being charged from an external source. Driveline systems in electric vehicles transmit power from the electric motor to the wheels, enabling propulsion and determining the vehicle’s performance and efficiency. For instance, in April 2023, according to the International Energy Agency (IEA), a France-based intergovernmental organization, electric car sales accounted for 14% of all new cars sold globally in 2022, a considerable rise from 9% in 2021. Over 2.3 million electric vehicles were sold in the first quarter of 2023, representing a 25% increase from the same period of the last year. Additionally, 14 million electric cars are projected to be sold by the end of 2023, representing a 35% year-on-year increase. Therefore, the growing number of electric vehicles is driving the growth of the driveline electric vehicle market.
Driveline Electric Vehicle Market Driver: Rapid Expansion Of Charging Stations Fuels Driveline Electric Vehicle Market Growth
The growing number of charging stations in workplaces and public areas is expected to propel the growth of the driveline electric vehicle market. Charging station is a specialized infrastructure that provides electric power to recharge the batteries of electric vehicles (EVs) and plug-in hybrid electric vehicles (PHEVs). These stations are used for supporting the driveline of electric vehicles by providing the necessary infrastructure for recharging their batteries, enabling sustainable and efficient electric transportation. For instance, in January 2023, according to the US. Department of Energy, the number of EV charging stations in the Station Locator has increased by 4.0%, with 3.4% more private and 4.1% more public ports. Further, the DC fast ports saw the highest percentage growth (6.1%) and in Q2, public charging increased most in the Mid-Atlantic area (7.1%). Therefore, the growing number of charging stations at workplaces and public areas is driving the growth of the driveline electric vehicle market.
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What is the estimated market size of the driveline electric vehicle sector by 2029, based on current forecasts?
The driveline electric vehicle market size has grown rapidly in recent years. It will grow from $3.1 billion in 2024 to $3.42 billion in 2025 at a compound annual growth rate (CAGR) of 10.4%. The growth in the historic period can be attributed to increasing cardiovascular diseases, demand for minimally invasive procedures, focus on preventing restenosis, clinical evidence supporting efficacy, patient demand for enhanced treatment options, collaboration in medical research and development.
The driveline electric vehicle market size is expected to see strong growth in the next few years. It will grow to $4.78 billion in 2029 at a compound annual growth rate (CAGR) of 8.7%. The growth in the forecast period can be attributed to growing aging population, expansion of indications for use, shift towards ambulatory and outpatient settings, increased adoption in emerging markets, patient-centric healthcare trends. Major trends in the forecast period include emergence of bioresorbable drug-eluting balloons, advancements in coating technologies, customization of drug formulations for specific applications, integration of nanotechnology in balloon coatings, focus on sequential drug delivery strategies, development of drug-device combinations.
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#Who are the top players in the driveline electric vehicle market?
Major companies operating in the driveline electric vehicle market report are Volkswagen AG, Ford Motor Company, General Motors Company, Mitsubishi Electric Corporation, Lion Electric Company, SAIC Motor Corp. Ltd., Robert Bosch GmbH, Hyundai Motor Company, Hitachi Automotive Systems, Tesla Inc., BYD Co. Ltd., Contemporary Amperex Technology Co. Limited, ZF Friedrichshafen AG, Continental AG, Magna International Inc., ABB Ltd., Beijing Automotive Group Co. Ltd., Zhejiang Geely Holding Group Co. Ltd., Valeo SA, BorgWarner Inc., Chang’an Automobile Co. Ltd., Samsung SDI, Dana Incorporated, GKN Drive Line Limited, Deutz AG, Rivian Automotive Inc., Schaeffler Technologies AG & Co. KG, Fisker Inc.
#What are the major trends in the driveline electric vehicle market?
Major companies operating in the driveline electric vehicle market are focused on developing integrated e-powertrain systems to drive their revenues in the market. An integrated E-Powertrain system is a comprehensive, unified electric powertrain that combines the motor, power electronics, and energy storage components to propel an electric vehicle efficiently. For instance, in May 2023, ZF Friedrichshafen AG, a Germany-based technology company that supplies systems for passenger and commercial vehicles, launched AXTrax 2, a modular and integrated axle-based e-powertrain system that enables electrification of all types of commercial vehicles. It allows advanced digital and telematics systems to communicate and exchange data about e-axle systems through the controller area network bus. The AxTrax 2 is an axle-based system that replaces the engine, transmission, driveshaft, differential, and conventional axle to electrify a commercial vehicle. This design helps to maximize the available space for batteries and enhances the manufacturer’s design flexibility for future vehicle concepts.
Which geography holds the highest driveline electric vehicle market share?
Asia-Pacific was the largest region in the driveline electric vehicle market in 2024. The regions covered in the driveline electric vehicle market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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How do different segments contribute to the overall expansion of the driveline electric vehicle market?
The driveline electric vehicle market covered in this report is segmented –
1) By Product: Series, Parallel, Power Split
2) By Transmission Type: Automatic Transmission, Dual-clutch Transmission, Electric-continuously Variable Transmission
3) By Drive Type: Front-Wheel Drive (FWD), Rear Wheel Drive (RWD), All-Wheel Drive (AWD)
4) By Vehicle Type: Hybrid Vehicles, Plug-in Hybrid Vehicles, Battery Electric Vehicles
Subsegments:
1) By Series: Pure Electric Driveline, Extended Range Electric Driveline
2) By Parallel: Hybrid Electric Driveline, Plug-In Hybrid Electric Driveline
3) By Power Split: Series-Parallel Hybrid Driveline, Multi-Mode Hybrid Driveline
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What defines the structure and scope of the driveline electric vehicle market?
A driveline electric vehicle (EV) refers to a system of automotive components that transmit power from the electric motor to its wheels, typically consisting of the motor, transmission, and axles, enabling the electric vehicle to move and control its speed. It is a simpler system with fewer components compared to vehicles powered by internal combustion engines,
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