Strategic Overview of Electric & Hybrid Vehicle Driveline Systems Market in Europe
While original equipment manufacturers (OEMs) are facing increasing pressure from governmental authorities to meet the stringent emission and fuel efficiency targets, there is a growing demand from consumers for technologies that offer superior performance, safety, and enhanced driving dynamics. As a result, more OEMs are looking at driveline electrification as a solution to meet these demands. The market for electrified driveline systems comprised of front wheel drive (FWD), rear wheel drive (RWD), and all wheel drive (AWD) is expected to grow at a compound annual growth rate (CAGR) of 20% between 2015 and 2022.
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