#Electric & Hybrid Vehicle Driveline Market Trends
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#Electric & Hybrid Vehicle Driveline Market#Electric & Hybrid Vehicle Driveline Market Size#Electric & Hybrid Vehicle Driveline Market Share#Electric & Hybrid Vehicle Driveline Market Trends#Electric & Hybrid Vehicle Driveline Market Forecast#Electric & Hybrid Vehicle Driveline Market Statistics
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Automotive eAxle Market - Industry Outlook, Growth Prospects and Key Opportunities
Automotive eAxle Market: Introduction
Rise in consumer preference toward new energy vehicles such as battery electric vehicle (BEVs) and hybrid electric vehicle (HEVs) attributing to an increase in awareness about the advantages offered by electric vehicles is likely to drive the global automotive eAxle market
An eAxle, also known as electric axle, acts as a power source for new energy vehicles such as hybrid electric vehicles and battery electric vehicles. An eAxle is can be installed on either front or the rear axle of the vehicle. In case of hybrid vehicles, if the eAxle is mounted on the rear axle, the front wheel is powered by means of an internal combustion engine or vice versa. Both these drive systems, i.e. electric and IC-engine, operate together with a hybrid battery pack, which provides required amount of power to drive the vehicle.
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Key Drivers of Automotive eAxle Market
Rise in trends toward electric vehicles among consumers across the globe is the prominent factor boosting the global automotive eAxle market. According to Bloomberg New Energy Finance (BNEF), over 500 different electric vehicle models are expected to be available globally by 2022. Automakers are pushing their EV launch plans in order to comply with increasing enactment of stringent regulations in Europe and China, which is anticipated to offer lucrative opportunity for major players engaged in manufacturing of electric motors in the global automotive eAxle market.
Technological advancements, in terms of electric vehicles, are anticipated to propel the global automotive eAxle market. Major players are anticipated to increase investments toward R&D of electric driveline technology in order to increase efficiency of electric vehicles. For instance, in 2016, Toyota Motors launched a vehicle Toyota RAV4 Hybrid, which utilizes a 2.5-liter, four-cylinder engine and has two electric motors, dedicated one on each axle. Toyota Motors was the first company to mount an electric motor on the rear axle of a front-wheel-drive model, which transformed the vehicle into an all-wheel-drive vehicle.
Globally, several government organizations are increasingly adopting stringent vehicle emission standards, thereby compelling automakers to produce alternate propulsion systems for their vehicles. This, in turn is expected to propel the global automotive eAxle market. Major players in the automotive industry, including GKN Driveline (GKN plc), Dana Incorporated and ZF Friedrichshafen AG, are focused on the development of eAxle technology.
Additionally, electric propulsion systems are being increasingly adopted across the commercial vehicle segment. For instance, in 2019, ZF Friedrichshafen AG announced the development of AxTrax AVE electric drive axle, which was to be installed in 31 London double-decker buses. This bus is powered solely by electricity.
The coronavirus pandemic outbreak has resulted in a 25% decline in demand for EVs during the first quarter of year 2020, as compared to EV sales in 2019; however, according to a report published by Bloomberg New Energy Finance (BNEF), electric vehicles are expected to contribute to around 10% of global passenger vehicle sales by 2025, which is estimated to increase to 28% in 2030 and 58% in 2040. This, is likely to offer lucrative opportunity for key players engaged in the supply chain of the automotive eAxle market.
Additionally, major strategies adopted by automakers such as investments & expansions, contracts & agreements, and new product launches, mergers & acquisitions have emerged as a key strategy among key players, as companies look to strengthen their service offerings in terms of electric vehicles and expand geographic market reach by offering their products.
North America and Europe cumulatively to account for prominent share of global automotive eAxle market
In terms of region, the global automotive eAxle market can be segmented into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa
North America and Europe have presence of economically stable countries. These regions are also home to technologically advanced research institutes catering to the development of electric vehicles. Additionally, major players have established their technological centers and manufacturing facilities in various countries including the U.S., Germany, the U.K., and France
Several new players emerging from these regions are focused on the development of electric vehicle powertrain systems to increase efficiency of electric vehicles. All the factors mentioned above contributed to the major share held by these regions in the global automotive eAxle market.
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Key Players Operating in Automotive eAxle Market
The global automotive eAxle market is highly concentrated owing to the presence of top manufacturers. A few key players operating in the global automotive eAxle market are:
AxleTech (Meritor, Inc.)
Continental AG
Dana Incorporated
GKN Automotive Limited (GKN plc.)
Linamar Corporation
Magna International Inc.
Melrose Industries PLC (GKN plc)
Nidec Corporation
Robert Bosch GmbH
Schaeffler AG
ZF Friedrichshafen AG
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Integration of Smart and Advanced Gearing Technology are Inflating the Global Automotive Axle Market: Forecast Period 2021| Revenue, Covid-19 Impact Analysis, Regional Trends, Company Profile, Developments and Opportunity Assessment 2022
Market Analysis
The global automotive axle market is a prevalent one as this is considered to be an integral part of the wheeled vehicle, which helps for better steering and handling control. The market is expanding at a much faster rate, which in no time, will reach a high CAGR in the forecast period 2016-2022, reveals Market Research Future (MRFR). The growth of the automotive industry directly relates to the increasing demand for automotive axle market owing to the integration of smart and advanced gearing technology. Such technological advantages of automotive axle characterize its continued penetration.
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Factors Driving the Market
Depending upon the application axle functions differently in steering and transmission, hence, making the market more prominent for the consumers. Along with it, increasing acceptance of hybrid and electric vehicles coupled with the integration of smart and advanced gearing technology acts as a significant driving force for the global automotive axle market.
On the same time, the advancements in engineering for improving the performance of vehicles with increased demands of it are the most propelling yet essential factors for the market to grow in recent times. Moreover, the increased focus on improving power and drivetrain system encompassing components such as a clutch, transmission, and propeller shaft is also making the global automotive axle market to expand in substantial ways.
On the flip side, the emergence of new vendors is functioning well in the automotive axle market and are challenging other well-established players, as they grapple with high consistency, technological advancements, and innovations. Due to this, the automotive axle market is hampered with its growth.
Market Segmentation of Automotive Axle Market
The global automotive axle market is segmented by type, by material, by propeller shaft type, and by region.
By mode of the type, the market is segmented into the front axle and read axle.]
By mode of material, the market is segmented into alloy, and carbon fiber.
By mode of propeller shaft type, the market is segmented into the single, and multi-piece.
Automotive Axle Market: Regional Analysis
The global automotive axle market is segmented into regions like North America, Europe, Asia Pacific, Middle East, and Africa.
The Asia Pacific accounts for the most significant share of the market owing to the impressive automotive sales. Countries such as India and China have the sizeable automotive industry which is the critical reason for the market to grasp a strong position. Also, factors such as availability of low-cost labor and innovations in engineering have risen the production and automotive manufacturing hub
On the other hand, Europe accounts for the second largest market share led by the large automotive industry mainly set up in Germany, the U.K., and Italy. The vast speed trains network in Europe is another driver of the market.
Market Key Players
The vital player operating in the market of global automotive axle are ZF Friedrichshafen AG (Germany), American Axle & Manufacturing, Inc. (U.S.), Meritor, Inc. (U.S.), Showa Corporation (Japan), GKN Plc (U.K.) and ELBE Gelenkwellen-Service GmbH(Germany) and others.
Industry News
March 2018 - Melrose Industries took over GKN with a hostile bid of USD 11 billion after a three-month battle. GKN unsuccessfully tried to avert the proposal with its £ 4.4bn planned merger of its Driveline automotive business with US rival Dana.
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Key Questions Addressed by the Report
What was the historic market size?
Which segmentation (Product/ Capacity) is driving market?
What will be the growth rate?
How are the key players in this market?
What are the strategies adopted by key players?
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY
2 SCOPE OF THE REPORT
2.1 MARKET DEFINITION
2.2 SCOPE OF THE STUDY
2.2.1 DEFINITION
2.2.2 RESEARCH OBJECTIVE
2.2.3 ASSUMPTIONS
2.2.4 LIMITATIONS
2.3 RESEARCH PROCESS
2.3.1 PRIMARY RESEARCH
2.3.2 SECONDARY RESEARCH
2.4 MARKET SIZE ESTIMATION
2.5 FORECAST MODEL
3 MARKET LANDSCAPE
3.1.1 THREAT OF NEW ENTRANTS
3.1.2 BARGAINING POWER OF BUYERS
3.1.3 THREAT OF SUBSTITUTES
3.1.4 SEGMENT RIVALRY
3.1.5 BARGAINING POWER OF BUYERS
3.2 VALUE CHAIN/SUPPLY CHAIN ANALYSIS
4 MARKET DYNAMICS
4.1 INTRODUCTION
4.2 MARKET DRIVERS
4.3 MARKET RESTRAINTS
4.4 MARKET OPPORTUNITIES
4.5 MARKET TRENDS
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Automotive Aluminum Alloy (OE) Market Analysis 2020 | Share, Global Demand, Leading Players and Forecast to 2027
Transparency Market Research has published a new report titled, “Automotive Aluminum Alloy OE Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026”. According to the report, the global automotive aluminum alloy OE market is anticipated to surpass US$ 46 Bn by 2026, expanding at a CAGR of more than 5% during the forecast period.
Aluminum being light in weight is gradually replacing the steel content in automobiles. The usage of aluminum alloy reduces the load on the vehicle and hence, less power is required by the engine to drive the vehicle, which increases fuel-efficiency and reduces pollution. Rising consumer demand for fuel-efficient vehicles is estimated to drive the automotive aluminum alloy OE market.
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Increase in level of pollutants in the environment is compelling governments to enforce regulations leading to light weighting of vehicles and reduction of emissions. Europe has raised its average CO2 emission target of 95g/Km by 2020 for passenger vehicles, from its target of 150g/Km in 2015. Therefore, automakers are preferring to adopt light weighting in order to achieve such a significant drop in emission. This, in turn, is projected to boost the demand for automotive aluminum alloy during the forecast period. Aluminum can absorb two times more collision energy than mild steel. Hence, the utilization of aluminum alloy in body panels improves the crash worthiness of the vehicle. The lower weight of the vehicle enabled by utilization of aluminum alloy improves vehicle handling and also reduces braking distance, thus enhancing safety. High demand for pedestrian safety is expected to boost the adoption of aluminum alloy in vehicle body panel parts, which in turn is likely to propel the aluminum alloy OE market.
In terms of application, the body segment is estimated to expand at a significant growth rate during the forecast period. Usage of aluminum body closures such as door panels and hoods is rising even in premium cars. Automakers can utilize more material and improve the dent resistance of the body panel due to the low weight of the material. Luxury car makers such as Jaguar Land Rover have switched from steel to aluminum body-in-white due its light weight and recycling capabilities. Utilization of aluminum alloy for body-in-white structure reduces the vehicle weight by nearly 70 Kg in a passenger vehicle. Adoption of aluminum alloy in body structures and panels by automakers is expected to rise in order to achieve fuel economy and emission targets and hence, the demand for aluminum alloy is expected to rise.
Aluminum alloys are also employed in driveline and engine component products due to their high casting ability. In electric vehicles, light weighting becomes highly crucial due to the additional weight of the battery. Adoption of aluminum alloy in engine components and driveline in plug-in hybrid vehicles and hybrid electric vehicles is expected to rise during the forecast period. Usage of two-stage transmission and direct drives in electric vehicles is a major opportunity for the expansion of the aluminum alloy OE market.
Asia Pacific is expected to dominate the global automotive aluminum market owing to high volume production of vehicles and changing emission norms in China and India in order to achieve Euro 6 equivalent emission norms. High affordability and stringent emission norms in Europe are expected to boost the aluminum alloy OE market in the region.
Key players operating in global aluminum alloy OE market include Arconic, AUSTEM COMPANY LTD., Constellium N.V., Bharat Forge, UACJ Corporation, FLEX-N-GATE CORPORATION, GORDON AUTO BODY PARTS CO., LTD., KIRCHHOFF Automotive GmbH , ALERIS, Magna International Inc., Novelis, Norsk Hydro ASA , NanShan Group, and Granges.
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The global automotive aluminum alloy OE market is segmented as follows:
Engine Component
Wheels
Driveline
Heat Exchanger
Body
Others
Total
Engine Component
Wheels
Driveline
Heat Exchanger
Body
Others
Total
Passenger Vehicles
Light Commercial Vehicle
Heavy Commercial Vehicle
Electric Vehicle
U.S.
Canada
Germany
France
U.K.
Spain
Italy
Rest of Europe
Japan
China
India
Rest of Asia Pacific
GCC Countries
South Africa
Rest of Middle East & Africa
Brazil
Mexico
Rest of Latin America
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Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
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DRIVELINE ADDITIVES MARKET ANALYSIS (2019-2027)
Driveline Additives Market 2017–2027
Definition of Market/Industry:
Driveline additives are referred to the additives that are widely used in automobiles for lubrication in the manual transmission, axles, automatic transmission, and differentials. The additives are classified into dispersants, detergents, viscosity index improvers, anti-wear agents, corrosion inhibitors, antioxidants, emulsifiers, and friction modifiers. These additives help in the enhancing the fuel effecting of the vehicle and reduce emissions.
The global driveline additives market US$ 7,619.0 Mn in terms of value and is projected to reach US$ 12,845.5 Mn by the end of 2027, growing at a CAGR of 5.9% during the forecast period (2019 to 2027).
Drivers
The increasing launch of innovative lubricant additive is expected to foster the market growth of driveline additives. For instance, in April 2019, Lanxess has launched an organic additive for passenger car and high-performance engine oils. The new Addition RC 3502 has been specifically developed to reduce friction and deliver sustained performance and anti-wear protection. Moreover, it is non-corrosive, compatible with all synthetic and mineral engine oils, and has zero SAPS (sulphated ash, phosphorous, sulphur).
Rising production of the vehicle around the globe coupled with an increasing number of on-road and off-road vehicles in operation is expected to fuel the market growth of the driveline additive. Also, the growing adoption of Continuously Variable Transmission (CVT) and the introduction of transmissions with high operational temperatures is projected to propel the market growth. Moreover, increasing demand for longer drain intervals from the OEMs are projected to create high demand for driveline additives over the forecast timeframe.
Figure 1. Global Driveline Additives Market Share, By Region, 2018
Europe region dominated the global driveline additives market in 2018, accounting for 31.4% share in terms of value, followed by Asia Pacific and North America.
Market Restraints
Fluctuating prices of driveline additives around the globe has negatively impacted the market growth of driveline additives. Volatility in the supply of raw materials coupled with the general impact of higher crude oil prices is expected to hinder the market growth of driveline additives. Moreover, strict export/import laws and regulations are restricting trading around the globe. This factor is also projected to restrict the market growth of driveline additives.
Increasing adoption of the hybrid electric vehicle due to strict emission norms is projected to hamper the market growth of driveline additives. The hybrid electric vehicle is powered by a battery and hence are fuel-efficient, the government of various countries is taking initiatives to promote the usage of hybrid electric vehicles which is expected to restrict the usage of driveline additives. This is turn expected to hinder the market growth.
Market Opportunities
Increasing number of partnerships for manufacturing of additives is projected to propel the market growth over the forecast timeframe. GE Additive, Concept Laser and Arcam AB have signed a Memorandum of Understanding (MoU) with GKN to collaborate on Additive Manufacturing (AM) for the aerospace and automotive industry. The agreement encompasses the provision of additive machines and services to GKN that offer them to be a GE Additive Production Partner. Hence, this is expected to propel the market growth.
An increasing number of R&D programs and centers for driveline additive is expected to augment the market growth over the forecast period. Moreover, the rising focus of manufacturer to develop the bio-based driveline additive is also expected to foster the market growth of driveline additive. Therefore rising demand for bio-based additive is encouraging the government to invest in the R& D in order to develop an innovative product, which in turn is propelling the market growth.
Figure 2. Global Driveline Additives Market – Opportunity Analysis
Market Trends/Key Takeaways
Rising investment by major players for developing the additives for catering to the rising demand for additives is projected to propel the market growth. For instance, in January 2019, the Lubrizol Corporation announced its decision to proceed with a 10-year phased investment plan to upgrade operations and increase global capacity in additives. Lubrizol aims to respond to lubricant growth in Asia and better match its manufacturing footprint with global demand patterns.
Increasing collaboration among major players coupled with the rising strict environmental rules and regulations for reducing the emission is projected to propel the market growth over the forecast period. Moreover, increasing the launch of highly efficient products at a lower cost is another major trend that has been observed in the market. Hence these factors are projected to fuel the market growth over the forecast period.
Figure 3. Global Driveline Additives Market – Value Chain Analysis
Global driveline additives market is segmented into passenger cars, commercial vehicles, and off-highway vehicles on the basis of application. Wherein, passenger cars segment dominated the global market for driveline additives market in 2018 and contributed for 59.1% share, in terms of revenue in the global driveline additives market, followed by commercial vehicles and off-highway vehicles.
Figure 4. Global Driveline Additives Market Share, By Application, 2018
Competitive Section:
Company Profiles
Lubrizol Corporation, BASF SE, Afton Chemical Corporation, Vanderbilt Chemicals, LLC, Infineum International Limited, BRB International B.V, Chevron Oronite Company, LLC, and Lubrilic
Few Recent Developments
The Lubrizol Corporation
In May 2015, The Lubrizol Corporation introduced a new brand of additive, Lubrizol PV1116, to produce higher-performance, fuel-efficient lubricants
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Global Driveline Market Research Report by Regional Outlook, Trend, Share, Size, Application, Growth and Forecast to 2026
Global driveline market is set to witness a substantial CAGR in the forecast period of 2019- 2026. The report contains data of the base year 2018 and historic year 2017. Increasing environmental concerns and rising awareness regarding electric vehicles are the major factor for the growth of this market.
Key Market Competitors: Global Driveline Market
Few of the major competitors currently working in the global driveline market are Melrose Industries PLC, Schaeffler Group, ZF Friedrichshafen AG, Bosch Limited, BorgWarner Inc, Hitachi, Ltd., Continental AG, Delphi Technologies, DENSO CORPORATION, Valeo, Mahindra & Mahindra Ltd, TOYOTA MOTOR CORPORATION, Ford Motor Company, AVL, Volkswagen.
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Driveline or drivetrain are that part of the motor vehicle which usually have the parts of the powertrain except for engine. They are mainly used to provide power to the driving wheels. They usually consist of universal joints and drive shaft. They have different component depend upon the type of type of vehicles like automatic transmission car consist of propeller shaft, rear axle, torque converter, transmission among others.
Competitive Analysis: Global Driveline Market
Global driveline market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of driveline market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Segmentation: Global Driveline Market
By Vehicle Type (Hybrid Vehicles, Plug-In Electric Hybrid, Battery Electric Vehicle, ICE Vehicles),
By Transmission Type (Automatic Transmission, Dual Clutch Transmission, Electronic Continuously Variable Transmission)
By Final Drive (Differential, E- Axle)
By Motor Output for Electric Vehicle (45–100 kW, 101–250 kW, >250 kW), Drive Type (Front Wheel Drive, Rear Wheel Drive, All Wheel Drive)
By Architecture (Series, Parallel, Power Split, EV Driveline)
By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)
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Market Drivers:
Rising trend of parallel hybrid architecture is the major factor driving market growth
Increasing adoption of new technologies like E-Axle and E-CVT in electric vehicles is another factor driving market growth
Rising demand for electric buses and trucks will propel market growth
Use of alternate materials for overall weight reduction so that new technologies can be used in electric vehicles will also act as a driver for this market growth
Market Restraints:
Unavailability of proper charging facilities of electric vehicles will hamper the market growth
High price of the driveline vehicles will hinder market growth
High research and development cost will also act as restrain for this market growth
Key Insights in the report:
Complete and distinct analysis of the market drivers and restraints
Key market players involved in this industry
Detailed analysis of the market segmentation
Competitive analysis of the key players involved
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Global Modular Trailer Market
#Driveline Market#Driveline#Driveline Market Trends#Driveline Market Industry#Driveline Market News#Driveline Market Research#Driveline Market Analysis
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Global Car Driveline Market is estimated to reach USD 54021.74 million by 2027, growing at a CAGR of 14.7 % between 2019 and 2027
Overview
Electric vehicles need a driveline system in order to convert and control the power supply from the battery of the electric vehicle. An electric propulsion engine utilizes an on-board rechargeable energy storage system for its operation. Increasing adoption of electric vehicles is projected to boost the car driveline market during the forecast period. Rigorous norms imposed globally by regulatory bodies on carbon emissions of automobiles are also anticipated to propel the adoption of driveline in electric vehicles, as they are expected to eliminate the burning of fossil fuel and generated emission in gasoline vehicles, as there is no emission from electric vehicles.
Rapid usage of renewable sources of energy is a key driving factor that is boosting the car driveline market. Manufacturing of a driveline is highly expensive and time-consuming; thus, posing a restraint to the global car driveline market. The major factors hampering the growth of the driveline market for automotive vehicle are the high cost of technology as compared to conventional IC engine-powered driveline and the lack of infrastructure development for charging in developing countries.
By product type, the global car driveline market can be segmented into Series Driveline, Parallel Driveline and Power Split Driveline. The parallel Driveline for automotive hybrid vehicle was estimated to grow at the fastest rate during the forecast period owing to its benefits such as better efficiency and less complexity. Series driveline is linked in the series combination to transmit the motion. The power split device is a universal gear set. The electric motor is attached to the ring gear of the gear set. It is also directly attached to the differential, which drives the wheels. So, whatever speed the electric motor and ring gear spin at determines the speed of the car.
As per application side, the global automotive car driveline market is categorized into 45-100, 101-250, >250kW. The performance of a motor is measured by its output, which is known as the traction output. The motor output differs from 12 kW to >250 kW and depends on the vehicle specification. The 45 to 100 kW market is projected to showcase the largest market volume over the forecast period due to high adoption in the Asian region. In terms of value, the >250 kW segment is expected to be the fastest growing segment during the forecast period.
Geographically, the global automotive car driveline market has been divided into four major regions such as North America, Europe, Asia-Pacific, and The Rest of the World. Asia Pacific is expected to be the largest and the fastest growing market. The major reason for the fastest growth is heavy production and sales of hybrid and electric vehicles in the region, especially in China and India. Also, the rising per capita income of the region’s widespread consumer base has created a favourable environment for the growth of the electric and hybrid vehicle market in Asia Pacific. China is one of the leading player in auto component exports. North America is a rapidly expanding market for driveline for electric vehicles. Europe is expected to present growth opportunities to the car driveline market for electric vehicle.
Driveline manufacturers have implemented the strategies of new product development and geographical expansion to gain grip in the car driveline market for automotive. The key market players are ZF (Germany), Schaeffler (Germany), GKN (UK), BorgWarner (US), Robert Bosch (Germany), Volkswagen (Germany), Ford Motors (US), Toyota Motors (Japan), and Mahindra & Mahindra (India). These players are progressively undertaking mergers and acquisitions, and product launches to develop and present new technologies and products in the market. Employment of research and development activities to develop fuel-efficient systems by these market players is assumed to capture higher market shares.
Major players in the Market are identified through secondary research and their Market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top manufacturers; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and Marketing executives. The percentage splits, Market shares, growth rate and breakdowns of the product Markets are determined through using secondary sources and verified through the primary sources.
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Global Car Driveline Market: Product Type
· Series Driveline
· Parallel Driveline
· Power Split Driveline
Global Car Driveline Market: Application
· 45-100
· 101-250
· >250kW
Global Car Driveline Market: Competitive Analysis
· ZF
· Schaeffler
· BorgWarner
· GKN
· Robert Bosch
· Volkswagen
· Ford Motors
· Toyota Motors
· Mahindra & Mahindra
Car Driveline Market: Regional Analysis
· North America
· U.S.A
· Canada
· Europe
· France
· Germany
· Spain
· UK
· Rest of Europe
· Asia Pacific
· China
· Japan
· India
· South East Asia
· Latin America
· Brazil
· Middle East and Africa
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Car Driveline Market Report delivers comprehensive analysis of :
· Market Forecast for 2019-27
· Market growth drivers
· Challenges and Opportunities
· Emerging and Current market trends
· Market player Capacity, Production, Revenue (Value)
· Supply (Production), Consumption, Export, Import analysis
· End user/application Analysis
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Electric Truck Market Size | Industry Report, 2020-2025 | Covid-19 Impact Analysis
The latest research report on Electric Truck Market delivers a comprehensive study on current market trends. The outcome also includes revenue forecasts, statistics, market valuations which illustrate its growth trends and competitive landscape as well as the key players in the business.
Global Electric Truck Market valued approximately USD xxxx billion in 2016 is anticipated to grow with a healthy growth rate of more than xx% over the forecast period 2017-2025. Growing penetration of electric and hybrid power technologies in commercial vehicles, especially within city limits, will drive the demand for new types of drivelines. E-Axles and motors mounted adjacent to wheel hubs are new technologies that are gaining traction in heavy-duty trucking applications. Battery prices have decreased by about 50% since 2010 and are expected to further decrease by 50% in the coming years. In batteries, Lithium sulfur is likely to be adopted as the next battery chemistry; however, advancement in lithium-ion technology will be seen.
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The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type :
o Light Duty Truck (LDTs)
o Medium Duty Truck (MDTs)
o Heavy Duty Truck (HDTs)
By Application:
o Rural
o Urban
o Long Haul
By Regions:
o North America
o U.S.
o Canada
o Europe
o UK
o Germany
o Asia Pacific
o China
o India
o Japan
o Latin America
o Brazil
o Mexico
o Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2015
Base year – 2016
Forecast period – 2017 to 2025
Some of the key manufacturers involved in the market are – Bosch, Denso, Johnson Control, ZF, Hitachi Automotive System, Magna, Infenion, Eaton, Seimens & Cisco .Acquisitions and effective mergers are some of the strategies adopted by the key manufacturers. New product launches and continuous technological innovations are the key strategies adopted by the major players.
Target Audience of the Global Electric Truck Market In Market Study:
o Key Consulting Companies & Advisors
o Large, medium-sized, and small enterprises
o Venture capitalists
o Value-Added Resellers (VARs)
o Third-party knowledge providers
o Investment bankers
o Investors
TABLE OF CONTENTS
Chapter 1. Global Electric Truck Market Definition and Scope
1.1. Research Objective
1.2. Market Definition
1.3. Scope of The Study
1.4. Years Considered for The Study
1.5. Currency Conversion Rates
1.6. Report Limitation
Chapter 2. Research Methodology
2.1. Research Process
2.1.1. Data Mining
2.1.2. Analysis
2.1.3. Market Estimation
2.1.4. Validation
2.1.5. Publishing
2.2. Research Assumption
Chapter 3. Executive Summary
3.1. Global & Segmental Market Estimates & Forecasts, 2015-2025 (USD Billion)
3.2. Key Trends
Chapter 4. Global Electric Truck Market Dynamics
4.1. Growth Prospects
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.2. Industry Analysis
4.2.1. Porter’s 5 Force Model
4.2.2. PEST Analysis
4.2.3. Value Chain Analysis
4.3. Analyst Recommendation & Conclusion
Chapter 5. Global Electric Truck Market, By Type
5.1. Market Snapshot
5.2. Market Performance - Potential Model
5.3. Global Electric Truck Market, Sub Segment Analysis
5.3.1. Light Duty Truck (LTDs)
5.3.1.1. Market estimates & forecasts, 2015-2025 (USD Billion)
5.3.1.2. Regional breakdown estimates & forecasts, 2015-2025 (USD Billion)
5.3.2. Medium-duty trucks (MDTs)
5.3.2.1. Market estimates & forecasts, 2015-2025 (USD Billion)
5.3.2.2. Regional breakdown estimates & forecasts, 2015-2025 (USD Billion)
5.3.3. Heavy-duty trucks (HDTs)
5.3.3.1. Market estimates & forecasts, 2015-2025 (USD Billion)
5.3.3.2. Regional breakdown estimates & forecasts, 2015-2025 (USD Billion)
Continued…
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Global Automotive Aluminium Alloy Market
Global Automotive Aluminium Alloy Market
was valued US$ 31.83 Bn in 2018 and is expected to reach US$ XX Bn by 2026, at a CAGR of XX % during a forecast period.
The driving factor of aluminum alloy reduces the load on the vehicle and hence, less power is required by the engine to drive the vehicle, which increases fuel efficiency and reduces pollution. The share of aluminum alloys in automobiles is estimated to increase since automobile manufacturers are developing lightweight vehicles with aluminum alloys. Reduction in the vehicle’s weight enables OEMs to reduce emissions, improve fuel efficiency and driving dynamics for the end users. The changing regulatory requirements and rising demand for fuel-efficient vehicles is estimated to drive the growth of aluminum alloys in automobiles. The major restraints factors include high cost and engineering barriers. These factors could negatively affect the demand for adoption of lightweight alloys.
The automotive aluminium alloy market is segmented into an application, electric vehicle, vehicle type, sales channel, and region. In terms of application, automotive aluminium alloy market is segmented into engine component, wheels, driveline, heat exchanger, body, others, and total. Based on the electric vehicle segment, automotive aluminium alloy market is classified into battery electric vehicle, hybrid electric vehicle, and plug-in hybrid electric vehicles. Further vehicle type, automotive aluminium alloy market is divided into passenger vehicles, light commercial vehicle, heavy commercial vehicle, and an electric vehicle. In terms of sales channel, automotive aluminium alloy market is classified into the OEM market, and after the OEM market.
In terms of electric vehicles, battery electric vehicles dominate the market due to battery vehicles uses chemical energy stored in rechargeable battery packs. Further, a hybrid electric vehicle combines a conventional internal combustion engine system with an electric propulsion system. Plugin hybrid electric vehicles are dominating the market due to charging the battery from the grid, cost less than using the onboard engine, helping to reduce operating cost.
On the basis of region allergy relieving eye drops market divided into five regions such as Asia Pacific, North America, Europe, Latin America, and Middle East Africa. Among all the regions, the Asia Pacific had the XX% market share in 2018 and is projected to lead the market during the forecast period, thanks to high volume production of vehicles and changing emission norms in China and India in order to achieve Euro 6 equivalent emission norms. High affordability and stringent emission norms in Europe are expected to boost the aluminum alloy market in the region.
The objective of the report is to present comprehensive analysis of Global Automotive Aluminium Alloy market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of industry with dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give clear futuristic view of the industry to the decision makers. The report also helps in understanding Global Automotive Aluminium Alloy market dynamics, structure by analyzing the market segments, and project the Global Automotive Aluminium Alloy market size. Clear representation of competitive analysis of key players by Global Automotive Aluminium Alloy market Type, price, financial position, product portfolio, growth strategies, and regional presence in the Global Automotive Aluminium Alloy market make the report investor’s guide.
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The Scope of Global Automotive Aluminium Alloy Market:
Global Automotive Aluminium Alloy Market, by Application:
• Engine Component
• Wheels
• Driveline
• Heat Exchanger
• Body
• Others
• Total
Global Automotive Aluminium Alloy Market, by Electric Vehicle:
• Battery electric vehicle
• Hybrid electric vehicle
• Plugin hybrid electric vehicles
Global Automotive Aluminium Alloy Market, by Vehicle Type:
• Passenger Vehicles
• Light Commercial Vehicle
• Heavy Commercial Vehicle
• Electric Vehicle
Global Automotive Aluminium Alloy Market, by Sales Channel:
• OEM Market
• After OEM Market
Global Automotive Aluminium Alloy Market, by Region:
• North America
• Europe
• Middle East & Africa
• Asia Pacific
• Latin America
Key player’s operating in Global Automotive Aluminium Alloy Market:
• Arconic
• AUSTEM COMPANY LTD.
• Constellium N.V.
• Bharat Forge
• UACJ Corporation
• FLEX-N-GATE CORPORATION
• GORDON AUTO BODY PARTS CO., LTD.
• KIRCHHOFF Automotive GmbH
• ALERIS, Magna International Inc.
• Novelis, Norsk Hydro ASA
• Nanshan Group
• Granges.
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Automotive Axle Market Business Revenue, Future Scope, Market Trends, Key Players And Forecast To 2022
Summary
Global Automotive Axle Market, by Type (front axle, rear axle), By Material (alloy, and carbon fiber), By Propeller Shaft Type (single, and multi piece) - Forecast 2016-2022
Automotive Axle Market Scenario
An axle is a central shaft of a rotating wheel or gear assembly, used ubiquitously in automotive and industries with rotating mechanisms. The automotive axle is the central shaft between two wheels, which helps the wheel rotate in an aligned way.
Growth Of Automotive Industries Is The Prime Driver Of Market Demand
Automotive axle being an integral part of wheeled vehicle assembly, the growth of automotive industry directly is a direct driver for the demand for automotive axle market. Growing demand for hybrid and electric vehicles coupled with an increase in off-road vehicles is another driver of the market. Developments of advanced materials and adoption of front-wheel drive automobiles, which combine the transmission and axle into a single unit, is a stable driver of the market.
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Integration of smart and advanced gearing technology is resulting in faster market adoption owing to better steering and handling control and ultimately the performance of the vehicle. The growth of heavy trucking is resulting in a focus on improving power and drivetrain systems encompassing components such as clutch, transmission, and propeller shaft and rear axle. The growth of heavy trucking is driving the growth of lift axle, which can be mechanically raised or lowered to increase the weight capacity and to distribute the weight over more wheels.
High Cost Is A Restraint On The Market
Increased component cost and growing market fragmentation is a barrier for the market. The high durability of materials used for axle manufacture also results in replacement a rare opportunity for the market.
Key Vendors
The dominant player operating in the global automotive axle market are ZF Friedrichshafen AG (Germany), American Axle & Manufacturing, Inc. (U.S.), Meritor, Inc. (U.S.), Showa Corporation (Japan), GKN Plc (U.K.) and ELBE Gelenkwellen-Service GmbH(Germany) and others.
Industry News
April 2017 - American Axle acquired Metaldyne for USD 3.3 billion. The deal is projected to generate a revenue of 7 billion.
March 2018 - Melrose Industries took over GKN with a hostile bid of USD 11 billion after a three-month battle. GKN unsuccessfully tried to avert the proposal with its £ 4.4bn planned merger of its Driveline automotive business with US rival Dana.
Regional Analysis
The Asia Pacific accounts for the most significant share of the market owing to massive automotive sales. Both India and China have a large automotive industry, which is driving the Asia Pacific region market. Factors such as availability of low-cost labor and innovations in engineering rising vehicle production and development of globally competitive automotive manufacturing hub are driving the demand for automotive Axle. The development of speed trains is another driver of the market.
Europe accounts for the second largest market share led by the large automotive industry of Germany, U.K., and Italy. The enormous speed trains network of Europe is another driver of the market. The North America region is dominated by the U.S. and is driven by heavy vehicle segment.
Segmentation
To generate a better assessment of the market potential, the global automotive axle market is segmented into type, material, propeller shaft type and regions.
Based on the type, the market is bisected into the front axle and rear axle.
Based on material, the market is segmented into alloy, and carbon fiber.
Based on propeller shaft type, the market is segmented into the single, and multi-piece.
Based on regions, the market is segregated into North America, Europe, Asia Pacific, Middle East and Africa.
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#Automotive Axle Market#Automotive Axle Market Size#Automotive Axle Industry#Automotive Axle Market Share#Automotive Axle Market Trends#Automotive Axle Market Growth#Automotive Axle Market Analysis
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Automotive Aluminum Alloy OE Market Expected to Surpass US$ 46 Bn, by 2026
Car manufacturers across the globe are focusing on light weighting their vehicles for better fuel efficiency by utilizing aluminum in the body and different parts of vehicles. Use of aluminum is increasing in modern cars. Aluminum casting, extrusion, forging, and sheets are used to manufacture car parts such as closures, chassis, suspensions, and wheels. Employment of aluminum allows direct weight saving of up to 50%, as compared to other materials that are used in vehicles. Manufacturers are focusing on reducing mass of the vehicle to achieve benefits such as better acceleration, which is directly reflected by the power-to-weight ratio. Light weighting allows downsizing of breaks, improves road handling by reducing the weight of the vehicle, thus increasing vehicle stability.
Regulatory bodies of different countries across the globe have started implementing stringent CO2 emission standards in order to reduce global warming. The average CO2 emission from vehicles in Europe is projected to decrease by an average of 3.9% from 2010 to 2020. Similarly, countries such the U.S., China, and India are imposing tough emission norms. This is anticipated to drive the automotive aluminum alloy OE market at a rapid pace during the forecast period. Growing demand for electric vehicles across the globe, owing to stricter emission norms by regulatory bodies and rise in preference for battery electric vehicles by consumers, is anticipated to boost the usage of aluminum alloy during the forecast period. Rise in demand for vehicle safety and fuel-efficient vehicles among consumers is expected to drive the automotive aluminum alloy OE market during the forecast period.
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The global automotive aluminum alloy OE market has been segmented based on application, vehicle type, electric vehicle type, and region. In terms of application type, the automotive aluminum alloy OE market has been segregated into engine components, wheels, driveline, heat exchangers, and others. In order to reduce overall weight of the vehicle, manufacturers are opting for lightweight wheels which provide better acceleration and stability, increase comfort, and reduce the weight of the wheels and hammering effect on uneven roads. Therefore, the wheels sub-segment is likely to grow during the forecast period. Heat exchangers are extensively employed in vehicles for various applications such as engine cooling, fuel cooling, condenser and evaporators for air conditioning system. Aluminum alloy has high thermal conductivity, corrosion resistance property and good formability owing to which aluminum is used in heat exchangers. Hence, the heat exchanger segment is projected to expand at a significant pace during the forecast period.
In terms of electric vehicle, the automotive aluminum alloy OE market has been classified into battery electric vehicles, hybrid electric vehicles, and plug-in hybrid electric vehicles. Demand for aluminum alloys is likely to increase during the forecast period due to the introduction of lightweight alternative power trains in electric vehicles and the rise in demand for heat exchangers to cool electronics and batteries. Light weighting is an easy way to make electric vehicles energy-efficient. Implementation of stringent emission norms by governments and green transport initiatives are likely propel the demand for electric vehicles across the globe. These, in turn, are anticipated to drive the aluminum alloy market during the forecast period.
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In terms of regions, the automotive aluminum alloy OE market has been divided into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Geographical analysis is based on production trends, political reforms, regulation changes, and demand. Asia Pacific dominates the global automotive aluminum alloy OE market owing to the presence of a prominent automotive industry in China, Japan, and India. Rise in vehicle production across this region is anticipated to boost the automotive aluminum alloy OE market during the forecast period. Increase in production and sales of electric vehicles, especially in China, is expected to drive the automotive aluminum alloy OE market in the country during the forecast period. In Europe, an average of 140 kg aluminum is used in vehicles. Rising trend of electric vehicles in Europe is anticipated to boost the usage of aluminum in the automotive industry. Increase in the number of lightweight vehicles and stringent emission norms are expected to drive the aluminum alloy market in North America during the forecast period.
Key players operating in the global automotive aluminum alloy OE market are expected to benefit from the formation of strategic alliances with other global players. These players have strong global presence, firm establishments, and diverse product portfolios. Prominent players operating in the global automotive aluminum alloy OE market include Arconic, AUSTEM COMPANY LTD., Constellium N.V., Bharat Forge, UACJ Corporation, FLEX-N-GATE CORPORATION, GORDON AUTO BODY PARTS CO., LTD., KIRCHHOFF Automotive GmbH , ALERIS, Magna International Inc., Novelis, Norsk Hydro ASA , NanShan Group, and Granges
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Increasing use of Trailer Terminal Tractor Rise the Demand in the Metal Industry
Transparency Market Research has published a new report titled, “Global Trailer Terminal Tractor Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2027” According to the report, the global trailer terminal tractor market is projected to surpass US$ 650 Mn by 2027, expanding at a CAGR of above 3% during the forecast period.
According to the report, the global trailer terminal tractor market is likely to be driven by a range of macroeconomic and industry-specific factors. North America is expected to be at the forefront of global demand, with the market in the region expanding at a CAGR of more than 2% between 2019 and 2027.
Companies such as Cargotec, Konecranes, and Mol CY nv are providing innovative options for trailer terminal tractors such as fully electric trailer terminal tractor, autonomous trailer terminal tractor. This coupled with availability of engine with alternative fuel options is anticipated to boost the demand for trailer terminal tractor during the forecast period. Furthermore, port operator logistic handling companies are also constantly looking for new systems to cater to their requirements. High rate of adoption of diesel powered engines and growing use of LNG powered trailer terminal tractors by consumers, owing to the comfort offered while driving coupled with extra space, and more air and light, are expected to boost the trailer terminal tractor market during the forecast period. Stringent emission norms by port authorities have prompted manufacturers to develop more refined diesel engines. Moreover, a few trailer terminal tractor manufacturers are developing the electric trailer terminal tractor, which is expected to offer significant opportunities to the trailer terminal tractor market. Trailer terminal tractors offer numerous benefits over road trucks, such as the layout of the driveline, visibility, maneuverability, and chassis construction with an elevating fifth wheel. Consequently, adoption of trailer terminal tractors in port activities for handling of goods is increasing. Furthermore, trailer terminal tractor manufacturers are focusing more on the development of trailer terminal tractors for terminal operations.
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In terms of fuel, the global trailer terminal tractor market has been divided into diesel, hybrid, and electric trailer terminal tractor. Electric trailer terminal tractors are easy to maintain, as they contain less number of moving parts are easy to maintain, and are almost zero-emission. Consequently, the demand for electric trailer terminal tractor is likely to remain high. It is expected to drive the trailer terminal tractor market during the forecast period. However, manufacturers are also focusing on alternative fuel options, such as LNG based engines for terminal tractors and the development of more refined diesel engines, in order to meet stringent emission norms.
Trailer terminal tractors are mostly used at sea ports for material handling, such as loading and unloading of materials. Fast turnaround time, low operating cost, excellent maneuverability, unique comfort, and easily accessible service points are boosting the adoption of trailer terminal tractors significantly. Furthermore, applications of trailer terminal tractors in the logistic industry, manufacturing facilities, and at industrial sites are increasing, which in turn is offering significant opportunities to trailer terminal tractor manufacturers.
In terms of region, the global trailer terminal tractor market has been segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America is projected to dominate the global trailer terminal tractor market during the forecast period. Consumption of trailer terminal tractors in North America is relatively higher than that in other regions across the globe.
Prominent players operating in the global trailer terminal tractor market include AB Volvo, AUTOCAR, LLC., BYD Company Limited, CAPACITY TRUCKS, CARGOTEC (Kalmar), CVS FERRARI S.P.A., Hoist Liftruck Mfg., LLC, Konecranes, MAFI Transport Systems GmbH, Mol CY nv, Orange EV, SINOTRUK (HONG KONG) LIMITED, TERBERG SPECIAL VEHICLES, and TICO TRACTORS.
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Global Electric Axle Drive Market to Witness Rapid Development During the Period 2017 - 2025
Electric Axle Drive: Market Overview
An axle in the automotive industry is a central shaft for a wheel or gear. It may rotate along with the wheels or with the rotation of wheels around the axle. The electric axle drive system is a platform used by the automakers to make electrification accessible. The electric axel drive is flexible for various platforms and collaborates each component to be a system. The axle is the part of driveline of a vehicle. The electric axle drive is expected to gain traction especially due to rise in demand from the automotive industries. The electric axle drive is gaining traction considering its ease of operation and popularity in the vehicles. It is used in passenger cars, light commercial vehicles, and heavy commercial vehicles. With increasing demand for the hybrid and electric vehicles enabled with latest technologies manufacturers opt for various such components such as the clutch, transmission, and axle, which triggers the demand for electric axle drive market in the forecast period 2017-2027.
Electric Axle Drive: Market Dynamics
The demand for the global electric axle drive market is majorly driven by the automotive industries. The axle is used in various vehicles as a part of electrification. The demand for the automotive electric axle drive market is fueled by the global vehicle production and technological advancement. The manufacturers focus on the longer product life cycle, light weight vehicles, cost advantages and comfort level for the customers. The latest trend forcing the manufacturers to opt for the latest technology drives the global electric axle drive market in the forecast period. Moreover, due to the advent of electric axle drive, the manufacturers offer minimum power losses which otherwise could be caused by the mechanical actions.
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The macro economic factors such as high spending power of the customers, standardized life style, governmental rules, and regulation for the automakers all positively affect the demand for the electric axle drive market.
However, the factors such as high purchase price, constant innovation in the technologies, strong competitors’ presence forcing the manufacturers to opt for continuous innovation in the mechanism, etc. affect the global demand for the electric axle drive market.
Electric Axle Drive: Segmentation
By vehicle type, the automotive electric axle drive market is segmented into:
Passenger cars
Light Commercial vehicle
Heavy Commercial Vehicle
By type, the automotive electric axle drive market is segmented into:
Live
Dead
Tandem
By position, the automotive electric axle drive market is segmented into:
Front
Rear
Electric Axle Drive: Segment Overview
The global electric axle drive market based on type is powered by the live axle segment is projected to show significant growth in the forecast period. The rise in the preference for SUVs and other passenger cars have fueled the growth of the live axle market. The rise in the vehicle production at global level favors the global electric axle drive market. These factors thus propel the live axle market is thus expected to have significant CAGR in the forecast period. The market is also segmented into types of vehicles where electric axle drive is used. It includes heavy vehicles, passenger vehicles, and light commercial vehicles. By position of the axle drive in the vehicles, the global electric axle drive market is segmented into front and rare axle.
Electric Axle Drive: Regional Overview
The global electric axle drive market is segmented geographically into seven regions namely Latin America, North America, Middle East and Africa, Japan, Asia Pacific, Eastern Europe and Western Europe. The Asia Pacific is expected to gain traction in the forecast period owing to increase in sales for the vehicles, prominent demand for aftermarket components, and a strong presence of OEM. The Asia Pacific is thus expected to show notable CAGR in the forecast period. The demand for the electric axle drive market from the Western European countries creates the potential market for the electric axle drive market.
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Electric Axle Drive: Market Players
Some of the prominent players in the electric axle drive market includes Dana Limited, ZF Friedrichshafen AG, GKN Plc., American Axle & Manufacturing, Inc., Robert Bosch GmbH, and UQM Technologies
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