Driveline Market - Forecast (2021 - 2026)
Driveline Market size was valued at $20.1 billion in 2020, and it is estimated to grow at a CAGR of 15.2% during 2021-2026. Trend towards all-wheel drive (AWD) from front-wheel drive (FWD) has increased the demand for drivelines. Additionally, integration of electronic control unit, E-CVT E-axle in vehicles for enhanced fuel efficiency is set to boost the demand of driveline market growth. Driveline systems are part of powertrain used for power control and movement of vehicles. With the increasing sales of electric and hybrid vehicles, the driveline market is witnessing huge growth. Growing norms and regulations for the adoption of plug-In electric hybrid (PHEV), battery electric vehicles (BEV) pushing the market growth. Moreover, public interest towards sustainable and environment-friendly vehicles will further enhance the overall demand for Driveline market size during the forecast period 2021-2026. Report Coverage The report: “Driveline Market – Forecast (2021-2026)”, by IndustryARC...