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Driveline Electric Vehicle Global Market Report 2025
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A driveline electric vehicle (EV) refers to a system of automotive components responsible for transmitting power from the electric motor to the vehicle's wheels. It typically includes the motor, transmission, and axles, enabling the electric vehicle to move and control its speed. This system is known for its simplicity, having fewer components compared to vehicles powered by internal combustion engines.

The main types of driveline electric vehicles are series, parallel, and power split. In a series drivetrain, the electric motor is the sole means of providing power to the wheels. Various transmission types, such as automatic transmission, dual-clutch transmission, and electric continuously variable transmission, may be included. Drive types can encompass front-wheel drive (FWD), rear-wheel drive (RWD), and all-wheel drive (AWD). These driveline electric vehicle configurations are utilized in various types of vehicles, including hybrid vehicles, plug-in hybrid vehicles, and battery electric vehicles.

The driveline electric vehicle market research report is one of a series of new reports from The Business Research Company that provides driveline electric vehicle market statistics, including driveline electric vehicle industry global market size, regional shares, competitors with a driveline electric vehicle market share, detailed driveline electric vehicle market segments, market trends and opportunities, and any further data you may need to thrive in the driveline electric vehicle industry. This driveline electric vehicle market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

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.

The anticipated increase in the number of electric vehicles is set to drive the growth of the driveline electric vehicle market in the future. Electric vehicles (EVs) are powered by electric motors drawing electricity from batteries, with the capability of being charged from external sources. Driveline systems in EVs play a crucial role in transmitting power from the electric motor to the wheels, determining the vehicle's performance and efficiency. In April 2023, the International Energy Agency (IEA) reported that electric car sales constituted 14% of all new cars sold globally in 2022, a significant increase from 9% in 2021. The first quarter of 2023 witnessed a 25% rise in electric vehicle sales, totaling over 2.3 million units. Projections indicate the sale of 14 million electric cars by the end of 2023, marking a 35% year-on-year increase. Hence, the growing prevalence of electric vehicles is a driving force behind the expansion of the driveline electric vehicle market.

The increasing number of charging stations in workplaces and public areas is expected to further boost the growth of the driveline electric vehicle market. Charging stations, specialized infrastructure providing electric power for recharging electric vehicle batteries, play a vital role in supporting the driveline of electric vehicles. The expansion of charging station infrastructure enables sustainable and efficient electric transportation. According to the U.S. Department of Energy in January 2023, the Station Locator reported a 4.0% increase in the number of EV charging stations, with 3.4% more private and 4.1% more public ports. Notably, DC fast ports experienced the highest percentage growth at 6.1%, and public charging increased significantly in the Mid-Atlantic area by 7.1%. The growing availability of charging stations in workplaces and public areas contributes to the positive momentum of the driveline electric vehicle market.

Major players in the driveline electric vehicle market are strategically focused on developing integrated e-powertrain systems to enhance their market revenues. Integrated e-powertrain systems combine the motor, power electronics, and energy storage components into a unified electric powertrain, optimizing the efficiency of electric vehicles. In May 2023, ZF Friedrichshafen AG launched AXTrax 2, a modular and integrated axle-based e-powertrain system designed for the electrification of various commercial vehicles. This system facilitates advanced communication and data exchange among digital and telematics systems through the controller area network bus. The axle-based design replaces conventional components such as the engine, transmission, driveshaft, differential, and axle in commercial vehicles. This innovative approach maximizes space for batteries and enhances design flexibility for future vehicle concepts.

In August 2022, Cummins Inc. acquired Meritor Inc. for approximately $3.7 billion, reinforcing Cummins' portfolio of powertrain components and accelerating the development of electrified power solutions. Meritor Inc., a manufacturer of driveline electric vehicles based in the U.S., complements Cummins' capabilities in the realm of electrification in the automotive industry.

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.

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.

The countries covered in the driveline electric vehicle market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The driveline electric vehicle market consists of sales of electric motors, inverters, power electronics, axles, differentials, drivetrains, and control systems. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Driveline Electric Vehicle Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on driveline electric vehicle market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

Where is the largest and fastest growing market for driveline electric vehicle ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The driveline electric vehicle market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.

Scope

Table of Contents

1. Executive Summary

2. Driveline Electric Vehicle Market Characteristics

3. Driveline Electric Vehicle Market Trends And Strategies

4. Driveline Electric Vehicle Market - Macro Economic Scenario Including The Impact Of Interest Rates, Inflation, Geopolitics, Covid And Recovery On The Market

5. Global Driveline Electric Vehicle Growth Analysis And Strategic Analysis Framework

6. Driveline Electric Vehicle Market Segmentation

7. Driveline Electric Vehicle Market Regional And Country Analysis

8. Asia-Pacific Driveline Electric Vehicle Market

9. China Driveline Electric Vehicle Market

10. India Driveline Electric Vehicle Market

11. Japan Driveline Electric Vehicle Market

12. Australia Driveline Electric Vehicle Market

13. Indonesia Driveline Electric Vehicle Market

14. South Korea Driveline Electric Vehicle Market

15. Western Europe Driveline Electric Vehicle Market

16. UK Driveline Electric Vehicle Market

17. Germany Driveline Electric Vehicle Market

18. France Driveline Electric Vehicle Market

19. Italy Driveline Electric Vehicle Market

20. Spain Driveline Electric Vehicle Market

21. Eastern Europe Driveline Electric Vehicle Market

22. Russia Driveline Electric Vehicle Market

23. North America Driveline Electric Vehicle Market

24. USA Driveline Electric Vehicle Market

25. Canada Driveline Electric Vehicle Market

26. South America Driveline Electric Vehicle Market

27. Brazil Driveline Electric Vehicle Market

28. Middle East Driveline Electric Vehicle Market

29. Africa Driveline Electric Vehicle Market

30. Driveline Electric Vehicle Market Competitive Landscape And Company Profiles

31. Driveline Electric Vehicle Market Other Major And Innovative Companies

32. Global Driveline Electric Vehicle Market Competitive Benchmarking And Dashboard

33. Key Mergers And Acquisitions In The Driveline Electric Vehicle Market

34. Recent Developments In The Driveline Electric Vehicle Market

35. Driveline Electric Vehicle Market High Potential Countries, Segments and Strategies

36. Appendix

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