DUBLIN--(BUSINESS WIRE)--The "Electric & Hybrid Vehicle Driveline Systems Market in China, Forecast to 2023" report has been added to Research and Markets' offering.
As the Chinese government seeks to improve the air quality and make China the global hub for cutting-edge electric vehicle technologies, the government is promoting new energy vehicles (battery and plug-in hybrid vehicles) through regulations and subsidies.
In order to avoid penalties and take advantage of the incentives, a growing number of original equipment manufacturers (OEMs) are starting to look at driveline electrification as a solution.
Moreover, there is a growing demand from consumers for technologies that offer superior performance, safety, and enhanced driving dynamics.
Propelled by favorable government policies, increasing incentives, declining lifetime cost of ownership, and falling prices of batteries, the market for electrified driveline systems which comprises front wheel drive (FWD) and all-wheel drive (AWD) is expected to grow at a compound annual growth rate (CAGR) of 21% between 2016 and 2023.
Towards the end of the decade global players are expected to offer superior electric vehicles at higher prices that cater to the individuals with higher disposable income.
FWD is expected to continue to dominate the hybrid and electric vehicle driveline systems market and also, more OEMs are likely to offer FWD based eAWD solutions as this set up offers huge weight saving potential when compared to RWD-based eAWD.
Interestingly, there is no preference among the OEMs to manufacture vehicles with RWD layout. This research service explores the future of the electrified driveline market as the industry migrates from traditional IC powered vehicles to an environmentally friendly electric and hybrid powered vehicles that offer superior driving dynamics.
Key Topics Covered:
1. Executive Summary
2. Research Scope, Objectives, Background, and Methodology
3. Definitions and Segmentation
4. Market Overview
5. Drivers and Restraints-Electric & Hybrid Vehicle Driveline Systems Market
6. Growth Opportunities and Companies to Action
7. FWD Market Analysis
8. eAWD Market Analysis
9. OEM Profiles
10. Conclusions and Future Outlook
For more information about this report visit https://www.researchandmarkets.com/research/hfx6dt/electric_and
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Related Topics: Electric and Hybrid Vehicles, Automotive Drivetrain and Transmission Components