The driveline market refers to the automotive industry that transmits power from the engine to the wheels of the vehicle. The driveline consists of transmission, driveshaft, axels, wheels, and differentials. The driveline is a necessary part of the vehicle and allows the vehicle to move. There is growth in the driveline market as the demand for four-wheeler vehicles is increasing worldwide. For instance, in January 2023, according to an article published by The Times of India, 37.93 lakh cars were sold in 2022. The number has increased by 23.1 % from the previous year. There is an increase in the yearly sales of companies such as Kia India (40.2%), Toyota Kirloskar Motor (22.6%), and Tata Motors (58.2%). Manufacturers have adopted hybrid and electric vehicle technology due to the increased need for higher efficiency of fuel and more stringent emission restrictions by governments worldwide. Technological advancements in hybrid and electric drivelines, such as automated stop-start, E-CVT & E-axle, and regenerating brakes, are increasing the demand for hybrid and electric drivelines.
Internal Combustion Engine (ICE) vehicles are a part of the driveline market using gasoline or diesel-powered engines to generate power that transmits to wheels through driveline components. To improve performance & efficiency, new materials and technologies are launched in driveline components for ICE vehicles. For better acceleration & fuel efficiency, new transmissions are designed to have more gears. To reduce weight and boost performance lightweight, materials such as carbon fiber and aluminum are used in driveline components. There is a shift toward the demand for driveline components for electric and hybrid vehicles to reduce greenhouse gas emissions and increase fuel efficiency. According to an article published in November 2021, Indian Prime Minister Narendra Modi announced a strategy that by 2030, India would lower its economy's carbon intensity by less than 45% and reduce total expected carbon emissions by one billion tonnes.
The COVID-19 pandemic had a negative impact on the driveline market as the manufacturing and production of automotive parts were shut down. Due to the social distancing measures and restrictions to spread the infection, the production of different automotive parts components was stopped. Due to insufficiency and unavailability of raw materials, the automotive industry was affected.
By Vehicle Type
Plug-in Electric Hybrid
Battery Electric Vehicle
Front Wheel Drive
Rear Wheel Drive
All Wheel Drive
Middle East & Africa
GKN Automotive Limited
ZF Friedrichshafen AG
Melrose Industries PLC
Ford Motor Company
KNL Driveline Parts Private Limited
MSL Driveline Systems Limited
Toyota Motor Corporation
NEED A CUSTOM REPORT?
We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports, as well as offer affordable discounts for start-ups & universities. Contact us now
ESOMAR & Great Work to Place Certified
ISO 9001:2015 & 27001:2022 Certified
"The quality of research they have done for us has been excellent."