SAN FRANCISCO, June 27, 2022 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Electric and Hybrid Vehicles Driveline - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
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Edition: 8; Released: January 2022
Executive Pool: 1039
Companies: 46 - Players covered include BorgWarner, Inc.; Continental AG; Delphi Technologies; Denso Corporation; GKN PLC; Hitachi Ltd.; Robert Bosch GmbH; Schaeffler AG; Valeo SA; ZF Friedrichshafen AG and Others.
Coverage: All major geographies and key segments
Segments: Transmission [E-CVT, Automatic Transmission (AT), and Dual Clutch Transmission (DCT)]; and Vehicle Type [Hybrid Electric Vehicle (HEV), Plug-in Hybrid Electric Vehicle (PHEV), and Electric Vehicle (EV)]
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
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Global Electric and Hybrid Vehicles Driveline Market to Reach $59.1 Billion by 2026
Amid the COVID-19 crisis, the global market for Electric and Hybrid Vehicles Driveline estimated at US$24.3 Billion, is projected to reach a revised size of US$59.1 Billion by 2026, growing at a CAGR of 15.7% over the analysis period. E-CVT, one of the segments analyzed in the report, is projected to record a 15.4% CAGR and reach US$30.7 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Automatic Transmission (AT) segment is readjusted to a revised 15.8% CAGR for the next 7-year period.
The U.S. Market is Estimated at $7.6 Billion in 2021, While China is Forecast to Reach $13 Billion by 2026
The Electric and Hybrid Vehicles Driveline market in the U.S. is estimated at US$7.6 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$13 Billion by the year 2026 trailing a CAGR of 20.3% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 11.3% and 13.9% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 12.4% CAGR.
Dual Clutch Transmission (DCT) Segment to Reach US$11.6 Billion by the year 2026
In the global Dual Clutch Transmission (DCT) segment, USA, Canada, Japan, China and Europe will drive the 15.4% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$3.5 Billion will reach a projected size of US$9.4 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More
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SOURCE Global Industry Analysts, Inc.