Published on: October 13, 2021
The Driveline for Electric & Hybrid Vehicle Market size will increase at a steady pace during 2021-2025.
This market is classified under the global auto parts & equipment industry which was valued at $ XX.X billion in 2020.
The Driveline for Electric & Hybrid Vehicle Market report provides an analysis of several companies in this marketspace including ZF, Schaeffler, GKN, BorgWarner and Robert Bosch.
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The market is highly competitive. To expand their presence in this already competitive market and make the most of new growth opportunities, vendors are engaging in several growth strategies including strategic partnerships, M&As, and new product launches. Moreover, with the growing demand from the regional and global markets, market players are also focusing on increasing production.
Increase in Demand for Electric Buses and Trucks is one of the key Driveline for Electric & Hybrid Vehicle Market trends that will fuel market demand. Increasing Trend of Parallel Hybrid Architecture Over Other Driveline Architectures & NA will also drive market growth.
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The global Driveline for Electric & Hybrid Vehicle Market has been segmented by Market Segmentation by Vehicle Type and geography. Based on Market Segmentation by Vehicle Type, the market has been further segmented into Hybrid electric vehicle (HEV), Plug-in hybrid electric vehicle (PHEV) and Electric vehicle (EV).
Based on geography, the market has been further segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa (MEA). North America will be a key market and the region will offer several growth opportunities to market players.
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The report also provides a country-level analysis of the growth opportunities and challenges in key markets including – US, Canada, Germany, France, the UK, China, India, Saudi Arabia, UAE, and Brazil.
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