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Electric Vehicle Driveline Market Share
Bosch, Continental, and ZF Friedrichshafen collectively held a substantial market share of over 10% in the electric vehicle driveline industry in 2023. Bosch is focusing on developing advanced electric powertrains system and battery management systems, leveraging its extensive experience in automotive components to enhance performance and efficiency. The company is also investing in research and development to accelerate the deployment of sustainable technologies.
Continental is emphasizing integrated solutions, combining software and hardware for smarter driveline systems. Their approach includes collaborating with startups and tech firms to drive innovation in areas like autonomous driving and connectivity, making their EV components more attractive to manufacturers.
ZF Friedrichshafen is capitalizing on its expertise in driveline technology by expanding its portfolio to include electric and hybrid drivetrains. The company is also participating in strategic partnerships with automakers to co-develop cutting-edge technologies, ensuring they remain competitive in the rapidly evolving EV market.
Electric Vehicle Driveline Market Companies
Major players operating in the electric vehicle driveline industry are:
- BorgWarner
- Bosch
- Continental
- Dana Incorporated
- GKN Automotive
- JTEKT Corporation
- Nidec Corporation
- Schaeffler
- Valeo
- ZF Friedrichshafen
How big is the global electric vehicle driveline market?
The market size of electric vehicle driveline reached USD 13.8 billion in 2023 and is set to grow at a CAGR of 8.4% from 2024 to 2032, driven by increasing consumer demand for sustainable transportation.
What is the market size of the single-speed transmission segment in the electric vehicle driveline industry?
The single-speed transmission segment accounted for over 70% of the market share in 2023 and is expected to exceed USD 19 billion by 2032, attributed to its streamlined design, reduced manufacturing costs, and enhanced vehicle efficiency and performance.
How significant is the front-wheel drive (FWD) segment in the electric vehicle driveline market?
The front-wheel drive (FWD) segment held around 59% of the market share in 2023, due to their compact design, which integrates the electric motor and battery at the front, optimizing space for passengers and cargo.
What is the U.S. electric vehicle driveline industry worth?
The U.S. market accounted for over 70% of the market share in 2023 and is expected to exceed USD 5.5 billion by 2032, propelled by increasing governmental support and incentives for electric mobility.
Who are the major players in the electric vehicle driveline market?
Major players in the industry include BorgWarner, Bosch, Continental, Dana Incorporated, GKN Automotive, JTEKT Corporation, Nidec Corporation, Schaeffler, Valeo, and ZF Friedrichshafen.