E-Drive for Automotive Market By Electric Vehicle Type (Battery Electric Vehicle, Plugin Hybrid Vehicle, Hybrid Vehicle), By Vehicle Drive type (Front Wheel Drive, Rear Wheel Drive, All Wheel Drive), By Application (Passenger Cars, Commercial Vehicles): Global Opportunity Analysis and Industry Forecast, 2021-2031
E-drive, also referred as electric-drive, utilizes battery as a power source to provide efficient transmission in the vehicle. It converts electrical energy to mechanical energy to ensure efficient movement of the wheels in the vehicle. In addition, it comprises electric brake booster, motor generator, power booster, and a battery. Moreover, e-drive ensures improved energy utilization in the vehicle and has several advantages such as low operating costs, higher efficiency, lower noise, and clean operation.
Commercial vehicles have gained traction in the e-drive for automotive market due to increased demand for zero emission vehicles. Government regulations implemented across the globe have led to increased demand for better and efficient electric powered commercial vehicle, which leads to the growth of the market. In addition, companies operating in e-drive for automotive market are introducing new e-drives for commercial vehicles across the globe, which fuels the growth of the segment. For instance, in April 2019, ZF introduced new 170kW electric drive with functional safety for commercial vehicles in China. ZF’s new electric-drives for buses and medium-duty trucks will support China’s commitment to electro mobility.
The growth of the global e-drive for automotive market is propelling, due to stringent government rules and regulations toward vehicle emission and rise in demand for electric vehicles. However, high cost of e-drive systems is the factor hampering the growth of the market. Furthermore, technological advancements is the factor expected to offer growth opportunities during the forecast period.
The e-drive for automotive market is segmented on the basis of electric vehicle type, vehicle drive type, application, and region. By electric vehicle type, it is divided into battery electric, plug-in hybrid, and hybrid. By vehicle drive type, it is classified into front wheel drive, rear wheel drive, and all-wheel drive. By application, it is fragmented into passenger cars and commercial vehicles. By region, the report is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the e-drive for automotive market analysis from 2021 to 2031 to identify the prevailing e-drive for automotive market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the e-drive for automotive market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global e-drive for automotive market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Electric Vehicle Type
Battery Electric Vehicle
Plugin Hybrid Vehicle
Hybrid Vehicle
By Vehicle Drive type
Front Wheel Drive
Rear Wheel Drive
All Wheel Drive
By Application
Passenger Cars
Commercial Vehicles
By Region
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Netherlands
Rest Of Europe
Asia-Pacific
China
Japan
India
South Korea
Rest Of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
Toyota Motor Corporation
Continental AG
Robert Bosch GmbH
ZF Friedrichshafen AG
BorgWarner Inc.
Magna International Inc.
AISIN SEIKI Co. Ltd.
Schaeffler AG
Hitachi, Ltd
GKN PLC
E-TRACTION B.V
NISSAN MOTOR CO., LTD
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