Drive System Market Overview:
The global drive system market size will develop at a 8.40% of CAGR during the forecast
period 2022- 2030, states the latest Market Research Future (MRFR) analysis.
The drive system is the type of system driving one’s car. Drive system
manufacturers are competing to create fuel efficient systems sans compromising
on the performance of the vehicle. The automatic transmission is highly
preferred over manual transmission owing to its fuel efficiency, better comfort
level, and increased power. AWD, RWD, and others are its different types that
have wide applications in commercial vehicles and passenger vehicles.
Various factors are fuelling the
global drive system market growth. As per the recent MRFR market estimates,
such factors include the growing vehicle production, highly growing need for
high fuel efficiency and transmission system, increasing use of alternative
fuel like ethanol, increasing trend of engine downsizing, increasing demand for
automobiles, and surging need for automatic manual transmission (AMT).
On the contrary, high cost of
advanced transmission system may limit the global drive system market growth
over the forecast period. Besides the halt in production of vehicles and
closing of manufacturing facilities due to lockdowns and social distancing
trends owing to the ongoing COVID-19 pandemic may also impact market growth.
Get a Free
sample report of Drive System Market
Key Players
The eminent players profiled in the global drive system
market report include Cummins (U.S.), Mahle (Germany), Valeo
(France), Hitachi Automotive Systems (Japan), Infineon (Germany), Mitsubishi
Electric(Japan), Johnson Electric (China), Schaeffler (Germany), Bosch
(Germany), Denso (Japan), Delphi Automotive Plc.(U.K.), and Continental AG
(Germany), among others.
Drive System: A drive
system refers to a mechanism or arrangement that transmits power from a source
to a machine or a component within a machine, enabling it to perform its
intended function. The drive system typically involves components such as
motors, gears, belts, chains, and shafts, which work together to transfer
energy and motion.
Drive and its Types: In the context
of mechanical systems, "drive" refers to the means by which power is
transmitted to achieve movement or operation. There are several types of
drives:
- Mechanical Drives: These use mechanical components such as gears, belts, chains, and
shafts to transmit power. They are widely used in various applications
where precise control and mechanical advantage are necessary.
- Electrical Drives: These convert electrical energy into mechanical motion. They are
commonly used in electric vehicles, industrial machinery, and appliances.
- Hydraulic Drives: These use pressurized fluid to transmit power. They are prevalent
in heavy machinery, construction equipment, and hydraulic presses.
- Pneumatic Drives: These use compressed air to transmit power. They are found in
pneumatic tools, automation systems, and some types of industrial
machinery.
Mechanical Drive System: A
mechanical drive system specifically refers to a system that uses mechanical
components like gears, pulleys, chains, or belts to transmit power from one
part of a machine to another. It is crucial in various applications, from
simple mechanisms to complex industrial machinery, where precise control over
speed, torque, and direction is required.
Uses of Drives: Drives are
essential in numerous applications across industries and everyday life. Some
common uses include:
- Industrial Machinery: Drives are integral in manufacturing processes, assembly lines,
and automated systems.
- Transportation: Drives power vehicles such as cars, trains, ships, and aircraft.
- Consumer Electronics: Drives are used in appliances like washing machines,
refrigerators, and HVAC systems.
- Renewable Energy: Drives are critical in wind turbines and solar tracking systems.
- Robotics: Drives enable precise movement and operation in robotic systems.
Market
Segmentation
The MRFR report throws light on an
inclusive segmental analysis of the global drive system market based on
operation, vehicle type, and type.
By operation, the global drive
system market is segmented into manual and automatic.
By vehicle type, the global drive
system market is segmented into commercial vehicle and passenger vehicle.
By type, the global drive system
market is segmented into AWD, RWD, and others.
Regional
Analysis
By region, the global drive system
market covers the recent trends and growth opportunity across Europe, the Asia
Pacific (APAC), North America, and Rest of the World (RoW). Of these, North
America will head the market over the forecast period. Increasing demand for
automobiles in the US, growing need for automatic manual transmission (AMT)
across the region, sophisticated manufacturing market and hubs with regards to
technology, immense demand for commercial vehicles in the US that in turn is
increasing the demand for drive systems, major demand for fuel efficient cars,
and heavy investment in the technological development are adding to the global
drive system market growth in the region.
In the APAC region, the global drive
system market is predicted to hold the second-largest share over the forecast
period. Growth in the production of LCV and passenger cars in the developing
economies, OEMs keen to open production facilities in the region particularly
in India and China, rising sale of passenger cars, emerging economies where
global players are shifting, technological advances, and rampant increase in
vehicle production are adding to the global drive system market in the region.
In Europe, the global drive system
market is predicted to have healthy growth over the forecast period for the
presence of some major auto manufacturers that are chiefly focusing to meet the
growing need for both commercial vehicles and passenger vehicles.
In RoW, the global drive system
market is predicted to have sound growth over the forecast period.
The global drive system market is fragmented and also competitive with the presence of many
domestic as well as international industry players. They have incorporated
assorted strategies to stay at the forefront and also cater to the surging
needs of the customers, including collaborations, partnerships, contracts,
geographic expansions, new product launches, joint ventures, and more.
Additionally, these players are also making heavy investments in research and
development activities for strengthening their portfolios and also creating a
hold in the market.
Read more
report:
automotive
regenerative braking system market
automotive
navigation systems market
automotive
garage equipment market
No comments:
Post a Comment