Global Drivetrain Market Insights, Forecast to 2030

QY Research Inc. (Global Market Report Research Publisher) announces the release of 2024 latest report "Drivetrain- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030". Based on current situation and impact historical analysis (2019-2023) and forecast calculations (2024-2030), this report provides a comprehensive analysis of the global Wire Drawing Dies market, including market size, share, demand, industry development status, and forecasts for the next few years.
 
The drivetrain system constitutes of various components that are used to deliver power for driving wheels of a vehicle.
 
【Get a free sample PDF of this report (Including Full TOC, List of Tables & Figures, Chart)】 
https://www.qyresearch.com/reports/3052000/drivetrain
 
 

New Motion Labs Secures £890K Investment to Revolutionize Drivetrain Technology

Porto, Portugal - August 19, 2024
New Motion Labs (NML), an Exeter-based company specializing in innovative drivetrain technology, has successfully raised over £890,000 in equity investment. This funding was secured through the South West Investment Fund, managed by The FSE Group, and is part of a larger £1.8 million funding round aimed at propelling the company's growth.
NML has re-engineered traditional chain and sprocket technology with its patented Enduo technology, which significantly reduces wear and energy loss, enhances component lifespan, and lowers manufacturing costs. This breakthrough has already shown promise in markets such as track cycling and e-bikes, where it has led to reduced energy consumption and maintenance needs.
The fresh capital will enable NML to accelerate product development, expand its market reach, and create new jobs. The company is now setting its sights on the global industrial sector, aiming to address the costly issue of chain failures across various industries, including automotive and food and beverage sectors.
NML's CEO, Damien Murphy, expressed his gratitude for the support, noting that this investment marks a pivotal moment in the company's journey towards broader industrial applications.

Policy Analysis
The European drivetrain industry, particularly within the automotive sector, is undergoing significant changes driven by the transition to electric vehicles (EVs) and the broader decarbonization goals outlined by the European Union. This shift presents both opportunities and challenges, which are being addressed through various policy initiatives and industry strategies.
Key Challenges:
1.Supply Chain Vulnerability: Europe faces significant challenges in securing the supply chain for critical components like batteries and semiconductors. Currently, a large portion of the battery value chain is dominated by Chinese companies, which puts European manufacturers at a strategic disadvantage. Efforts to build a self-sufficient battery production capacity within Europe are crucial but still lag behind the required scale to meet future demand.
2.Macroeconomic Pressures: The European automotive sector is also grappling with macroeconomic challenges, including high energy costs, inflation, and geopolitical tensions. These factors have made it more expensive to manufacture vehicles in Europe compared to other regions, impacting the competitiveness of European automakers on a global scale.
3.Regulatory Pressures: The EU's stringent climate goals, including the 2035 deadline for phasing out internal combustion engines, require the industry to rapidly adapt. This includes developing new technologies, scaling up EV production, and investing in sustainable supply chains. However, the industry is concerned about the long-term viability of these targets, especially in the face of global competition.
Policy Responses:
1.European Green Deal: This policy framework is central to Europe's strategy to transition to a low-carbon economy. It sets ambitious targets for reducing greenhouse gas emissions, with specific measures to promote the adoption of EVs and the development of a clean energy infrastructure. The Green Deal also emphasizes the need for a resilient and sustainable supply chain for critical materials like lithium and cobalt, which are essential for battery production.
2.Industrial Policy for EVs: To counteract the dominance of Chinese companies in the EV market, Europe is pushing for a robust industrial policy that includes significant investments in domestic battery production, EV manufacturing, and the development of new technologies. The EU is also considering tariffs on EV imports from countries that benefit from unfair subsidies, aiming to protect and incentivize local manufacturing.
3.Collaborative Ecosystem Approach: There is a strong push for collaboration across industries, including automotive, energy, and technology sectors, to create an integrated ecosystem that supports the development and deployment of EVs. This approach leverages Europe's strengths in engineering, brand value, and market size to maintain its competitive edge in the global automotive industry.
Future Outlook:
The next few years will be crucial for the European drivetrain and broader automotive industry. Success will depend on how effectively the region can scale up its manufacturing capabilities, secure its supply chains, and maintain competitiveness in a rapidly changing global market. Strategic partnerships, technological innovation, and continued policy support will be key to navigating these challenges.

Market Overview
The European drivetrain market is poised for significant growth over the next decade, driven by the increasing adoption of electric vehicles (EVs) and advancements in drivetrain technology. The market, which includes components such as transmissions, drive axles, and differentials, is set to expand as the automotive industry undergoes a transformative shift towards electrification.
Market Size and Growth
As of 2023, the global automotive drivetrain market was valued at approximately $221.58 billion and is expected to grow to $239.16 billion in 2024, representing a compound annual growth rate (CAGR) of 7.9%. By 2031, the market is projected to reach over $324 billion, fueled by the rising demand for EVs, the development of lightweight and high-efficiency materials, and the integration of advanced sensors in drivetrain systems.
Key Trends
Several key trends are shaping the European drivetrain market:
1.Electrification: The shift towards EVs is the primary driver of growth, with electric drivetrains (including battery electric vehicles (BEVs), plug-in hybrid electric vehicles (PHEVs), and hybrid electric vehicles (HEVs)) seeing substantial adoption. This trend is expected to continue as Europe pushes for more stringent emissions regulations and targets for reducing carbon footprints.
2.Technological Innovation: There is a growing focus on developing intelligent and adaptive drivetrain systems that can optimize performance and efficiency. Innovations such as dynamic controllable clutches, modular drivetrain designs, and predictive maintenance technologies are becoming more prevalent, reflecting the industry's move towards more sophisticated and integrated systems.、
3.Strategic Collaborations: Companies within the drivetrain market are increasingly forming partnerships to enhance their technological capabilities and expand their market reach. For example, collaborations between major automotive and technology firms are driving the development of next-generation drivetrain components, particularly for electric and hybrid vehicles.
Regional Focus
Europe remains a critical region for the drivetrain market, with key markets including Germany, the UK, France, Italy, and Spain. These countries are leading the adoption of EV technology, supported by strong government policies and consumer demand for more sustainable transportation options.
In summary, the European drivetrain market is set to experience robust growth driven by the electrification of vehicles, technological advancements, and strategic industry collaborations. This market is a crucial component of the broader shift towards more sustainable and efficient automotive solutions in Europe.

Regulation Differences
The regulatory landscape for the drivetrain industry in Europe is marked by both EU-wide regulations and specific national differences that can impact manufacturers and operators differently across various countries.
EU-Wide Regulations
The European Union has established several key regulations that affect the drivetrain industry, particularly in the context of environmental standards and vehicle safety. The EU Mobility Package, for instance, sets strict guidelines on aspects like driver wages, vehicle returns, and cabotage operations, which are intended to harmonize transport operations across the EU. Additionally, regulations such as mandatory remote tire pressure monitoring systems, effective from July 2022, aim to improve road safety and reduce operational costs across the region.
Moreover, the EU has been pushing for stringent emissions standards, which directly impact drivetrain technologies. For instance, only vehicles meeting Euro 6 standards or better are allowed in low-emission zones in several European cities, including those in Germany and the Netherlands. This regulatory environment encourages the adoption of cleaner drivetrain technologies, such as electric and hybrid systems.
National Differences
While the EU sets overarching regulations, individual countries often implement additional rules or vary in how they enforce these regulations:
1.Germany: Known for its rigorous environmental standards, Germany has implemented low-emission zones in many cities, where only vehicles with advanced emissions control technologies are allowed. The country also enforces a higher minimum wage for transport workers, impacting the cost structure of operations within the country.
2.France: France requires vehicles to carry specific safety equipment, such as spare light bulbs and a reflective jacket. Additionally, France has its own emissions control mechanisms, including the Crit'Air vignette system, which categorizes vehicles based on their emissions level.
3.Italy and Spain: Both countries have stringent rules regarding the entry of non-compliant vehicles into urban areas, particularly in historical city centers. Italy, for example, has ZTL (Limited Traffic Zones) that restrict access to certain areas during specific times, influencing drivetrain choices for vehicles operating in these zones.
4.UK Post-Brexit: The UK, now outside the EU, has begun to diverge slightly in its regulatory approach. While many EU regulations still apply, the UK is free to establish its own rules, particularly regarding environmental and safety standards. This could lead to regulatory discrepancies over time, affecting manufacturers and operators who need to navigate both UK and EU markets.

Key Drivers
The key drivers of the European drivetrain industry in 2024 are primarily shaped by the increasing adoption of electric vehicles (EVs), technological advancements, regulatory frameworks, and evolving consumer preferences.
1.Electrification of Vehicles: The rapid growth in EV sales is a significant driver, pushing the demand for advanced drivetrain systems tailored for electric mobility. European countries like Germany, France, and the UK are at the forefront of this shift, with robust government incentives and strict emissions regulations encouraging the transition from internal combustion engines (ICE) to electric drivetrains.
2.Technological Advancements: Innovations in drivetrain technologies, such as the development of all-wheel-drive (AWD) systems and modular drivetrain designs, are driving market growth. These advancements enhance vehicle performance, safety, and efficiency, particularly in EVs and hybrid vehicles. Additionally, the integration of intelligent and adaptive systems is becoming increasingly important as the automotive industry moves towards more autonomous and connected vehicles.
3.Regulatory Pressure: Stringent European Union regulations aimed at reducing carbon emissions are a major driver. The EU's push for lower emissions and higher efficiency standards is compelling automakers to adopt more sophisticated drivetrain technologies, including hybrid and fully electric systems. This regulatory environment not only accelerates the shift towards electrification but also fosters innovation in drivetrain components to meet environmental standards.
4.Consumer Preferences: Rising consumer demand for vehicles that offer better performance, safety, and environmental sustainability is influencing drivetrain technology development. There is a growing preference for vehicles equipped with AWD systems, especially in regions with harsh weather conditions, as these systems provide better traction and control.
5.Economic Factors: The increasing disposable incomes across Europe and the economic recovery post-COVID-19 are boosting automotive sales, particularly in the luxury and high-performance segments. This, in turn, is driving the demand for advanced drivetrain systems that cater to these market segments.

Investment Opportunities
The European drivetrain industry, particularly within the electric vehicle (EV) sector, presents several compelling investment opportunities as the region continues its transition towards greener transportation solutions. Here are some key areas for potential investment:
1.Electric Drivetrain Components: The growing demand for electric vehicles in Europe is driving the need for advanced drivetrain components, such as electric axles, batteries, and thermal management systems. Companies that specialize in these components, especially those focusing on improving efficiency and range, are well-positioned for growth. The shift towards in-house production by OEMs (Original Equipment Manufacturers) also opens opportunities for partnerships and joint ventures in this space.
2.Charging Infrastructure: As the number of EVs on the road increases, the need for robust charging infrastructure becomes critical. Investment in public charging stations, particularly fast-charging networks, is expected to be a major growth area. European governments are heavily investing in expanding charging infrastructure, making this a lucrative area for both public and private investors.
3.Battery Technology and Raw Materials: With the decline in prices of key battery materials like lithium and cobalt, there is a significant opportunity to invest in battery technology and the raw materials supply chain. Companies that can innovate in battery efficiency and longevity, as well as secure stable supplies of raw materials, will have a competitive edge.
4.EV Manufacturing Expansion: With European countries setting aggressive targets for EV adoption, including the phase-out of internal combustion engines, there is a growing need for manufacturing facilities that can meet this demand. Investments in new production lines, particularly those that can adapt to different vehicle types, from passenger cars to commercial vehicles, are likely to yield substantial returns.
5.Government Incentives and Policy Support: European governments are offering a range of subsidies and incentives to boost the adoption of electric vehicles and related infrastructure. Investors can leverage these incentives to reduce risks and enhance returns, particularly in countries like Germany, France, and the UK, where government support is robust.

Related Market Reports From QY Research
QY Research Releases Comprehensive Market Reports on the drivetrain Market, as shown in the links below. These reports provide an in-depth analysis of the current market landscape, key trends, and future growth opportunities.
Global Drivetrain Market Insights, Forecast to 2030
https://www.qyresearch.com/reports/3052000/drivetrain
Global EV Drivetrain Market Insights, Forecast to 2030
https://www.qyresearch.com/reports/2905787/ev-drivetrain
Hybrid Drivetrain - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030
https://www.qyresearch.com/reports/2559387/hybrid-drivetrain

 
 
The report provides a detailed analysis of the market size, growth potential, and key trends for each segment. Through detailed analysis, industry players can identify profit opportunities, develop strategies for specific customer segments, and allocate resources effectively.
 
The Drivetrain market is segmented as below:
By Company
    GKN
    BorgWarner
    Dana Holding
    Magtec
    Delphi Automotive
    Visedo
    Parker Hannifin
    Punch Powertrain
    AVTEC
    AxleTech International
    YASA
 
Segment by Type
    FWD
    RWD
    AWD
 
Segment by Application
    Passenger Car
    Commercial Vehicle
 
Each chapter of the report provides detailed information for readers to further understand the Drivetrain market:
Chapter 1: Introduces the report scope of the Drivetrain report, global total market size (valve, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry. (2019-2030)
Chapter 2: Detailed analysis of Drivetrain manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc. (2019-2024)
Chapter 3: Provides the analysis of various Drivetrain market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments. (2019-2030)
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.(2019-2030)
Chapter 5:  Sales, revenue of Drivetrain in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world..(2019-2030)
Chapter 6:  Sales, revenue of Drivetrain in country level. It provides sigmate data by Type, and by Application for each country/region.(2019-2030)
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc. (2019-2024)
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.
 
Benefits of purchasing QYResearch report:
Competitive Analysis: QYResearch provides in-depth Drivetrain competitive analysis, including information on key company profiles, new entrants, acquisitions, mergers, large market shear, opportunities, and challenges. These analyses provide clients with a comprehensive understanding of market conditions and competitive dynamics, enabling them to develop effective market strategies and maintain their competitive edge.
Industry Analysis: QYResearch provides Drivetrain comprehensive industry data and trend analysis, including raw material analysis, market application analysis, product type analysis, market demand analysis, market supply analysis, downstream market analysis, and supply chain analysis.
and trend analysis. These analyses help clients understand the direction of industry development and make informed business decisions.
Market Size: QYResearch provides Drivetrain market size analysis, including capacity, production, sales, production value, price, cost, and profit analysis. This data helps clients understand market size and development potential, and is an important reference for business development.
 
Other relevant reports of QYResearch:
Global Drivetrain Market Research Report 2024
Global EV Drivetrain Market Insights, Forecast to 2030
EV Drivetrain - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030
Global EV Drivetrain Market Research Report 2024
Global Hybrid Drivetrain Market Insights, Forecast to 2030
Hybrid Drivetrain - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030
Global Hybrid Drivetrain Market Research Report 2024
Global and United States Drivetrain Cleaner Market Report & Forecast 2024-2030
Global Drivetrain Cleaner Market Research Report 2024
Global Drivetrain Cleaner Market Insights, Forecast to 2030
Drivetrain Cleaner- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030
Global Bicycle Drivetrain Market Insights, Forecast to 2030
Global Motorcycle Drivetrain Market Insights, Forecast to 2030
Global Automotive Drivetrain Market Insights, Forecast to 2030
Global EV Drivetrain Systems Market Research Report 2024
Global Motorcycle Drivetrain Market Research Report 2024
Global Automotive Drivetrain Market Research Report 2024
EV Drivetrain Systems - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030
Global Drivetrain Test Benches Market Insights, Forecast to 2030
Global Wind Turbine Drivetrain Market Insights, Forecast to 2030
 
 

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