Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Driveline Electric Vehicle Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
What Are the Key Forecast Insights for the Driveline Electric Vehicle Market Growth?
The market size of the driveline electric vehicle sector has seen substantial growth in the past. The market will surge from a valuation of $3.1 billion in 2024 to $3.38 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 9.0%.
What Is the Predicted Industry Size and CAGR of the Driveline Electric Vehicle Market in 2029?
The driveline electric vehicle market is predicted to grow to a size of $4.61 billion by 2029, with a compound annual growth rate (CAGR) of 8.1%.
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Which Factors Are Driving Growth in the Driveline Electric Vehicle Market?
The key drivers in the driveline electric vehicle market are:
• Growing aging population
• Expansion of indications for use
• Increased adoption in emerging markets
• Shift towards ambulatory and outpatient settings
Which Segment Trends Are Covered in the Driveline Electric Vehicle Market Forecast?
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
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What Are the Current Market Trends in the Driveline Electric Vehicle Industry?
The key trends in the driveline electric vehicle market are:
• The shift towards electric vehicles is increasingly shaping the market.
• Advancements in electric drivetrain technologies are becoming more prevalent.
• Increased adoption in emerging markets is a significant trend.
• There is a growing emphasis on the development of more efficient and sustainable vehicles.
Who are the Key Companies in the Driveline Electric Vehicle Market?
Major players in the driveline electric vehicle market 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 Regional Trends Across the Driveline Electric Vehicle Market?
Asia-Pacific was the largest region in the driveline electric vehicle market in 2024
