Automotive E-axle Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Automotive E-axle Market
The Automotive E-axle Market size was valued at USD 7.21 billion in 2020. The market is expected to grow from USD 9.71 billion in 2021 to USD 65.73 billion by 2028 at a CAGR of 31.4% during the forecast period of 2024-2032.
The COVID-19 pandemic significantly disrupted the automobile e-axle marketplace, normally because of shutdowns in manufacturing plant life and deliver chain disruptions. The decline in car earnings and production at a few level within the height of the pandemic additionally negatively affected the call for for e-axles. However, because the enterprise commenced to get better, there was a renewed consciousness on electric motors (EVs) as part of green healing initiatives with the resource of severa governments. This publish-pandemic push toward electrification, coupled with an prolonged interest in decreasing carbon emissions, is often reviving the e-axle market, putting the extent for regular increase in the coming years.
A top notch fashion in the automobile e-axle market is the integration of advanced electricity electronics for improved overall performance. Modern e-axles are being designed with inverters and electric powered powered automobiles covered right into a unmarried compact unit. This integration reduces the overall weight of the vehicle, enhances power density, and improves the efficiency of strength transmission. Additionally, improvements like silicon carbide (SiC) inverters are becoming famous because of their functionality to address better voltages, resulting in better overall performance. The shift in the direction of the ones superior, blanketed solutions is using the call for for added green and compact e-axle systems.
The key using element for the automobile e-axle market is the developing name for for electric powered vehicles (EVs) pushed thru stringent emission recommendations and purchaser opportunities for green alternatives. Governments for the duration of the globe are enforcing regulations and incentives to sell EV adoption, which encompass subsidies, tax blessings, and stricter CO2 emission objectives. These measures are encouraging automakers to put money into electric powered drivetrains, with the e-axle being a important issue. As a end result, the growing consciousness on EVs is propelling
Comprehensive Analysis of Automotive E-axle Market
The Automotive E-axle Market growth is rising at an exponential rate due to its marketplace segmentation. This market expansion correctly affords a detailed local assessments thinking about the dominant supply and call for forces that effect the enterprise. These segmentations are methodically segregated by type, by application. By Electric Vehicle Type include Battery Electric Vehicle (BEV), Plug-in Hybrid Electric Vehicle (PHEV). By Vehicle Type include Passenger Car ,Commercial Vehicle. By Drive Type include All Wheel Drive (AWD) ,Front-Wheel Drive (FWD), Rear Wheel Drive (RWD).
The Europe location lead the Automotive E-axle Market share percentage via benefitting a marketplace size of USD 3.38 billion Factors such as increasing stringency of CO2 emission targets and the implementation of decarbonization strategies such as the EU Sustainable and Smart Mobility Strategy and Action Plan and the EU Green Deal will propel the market growth in this region.
The top players in the market play a crucial role in the industry assuring market growth and setting market standards. These players include, Google LLC (Alphabet, Inc.), Magic Leap, Inc., ReWalk Robotics, SAMSUNG, B-Temia, Panasonic Holdings Corporation, NVIDIA Corporation, Microsoft, Ekso Bionics, Vuzix,these market players provide a level-playing competitive landscape.
October 2021 – Nidec introduced the implementation of Ni200Ex, the organization’s 200kW, e-axle traction motor tool, in the ZEEKR 001, an EV produced with the aid of the usage of Geely Automobile Group, taken into consideration one in every of the largest vehicle producers in China
Segmentation Table
ATTRIBUTE
DETAILS
Study Period
2017-2028
Base Year
2020
Estimated Year
2021
Forecast Period
2021-2028
Historical Period
2017-2019
Unit
Volume (Thousand Units) & Value (USD Billion)
Segmentation
By Electric Vehicle Type
Battery Electric Vehicle (BEV)
Plug-in Hybrid Electric Vehicle (PHEV)
By Vehicle Type
Passenger Car
Commercial Vehicle
By Drive Type
All Wheel Drive (AWD)
Front-Wheel Drive (FWD)
Rear Wheel Drive (RWD)
By Geography
North America (By Electric Vehicle Type, By Vehicle Type, By Drive Type)
- U.S. (By Electric Vehicle Type, By Vehicle Type, By Drive Type)
- Canada (By Electric Vehicle Type, By Vehicle Type, By Drive Type)
- Mexico (By Electric Vehicle Type, By Vehicle Type, By Drive Type)
- U.K. (By Electric Vehicle Type, By Vehicle Type, By Drive Type)
- Germany (By Electric Vehicle Type, By Vehicle Type, By Drive Type)
- France (By Electric Vehicle Type, By Vehicle Type, By Drive Type)
- Rest of Europe (By Electric Vehicle Type, By Vehicle Type, By Drive Type)
- China (By Electric Vehicle Type, By Vehicle Type, By Drive Type)
- Japan (By Electric Vehicle Type, By Vehicle Type, By Drive Type)
- India (By Electric Vehicle Type, By Vehicle Type, By Drive Type)
- South Korea (By Electric Vehicle Type, By Vehicle Type, By Drive Type)
- Rest of Asia Pacific (By Electric Vehicle Type, By Vehicle Type, By Drive Type)
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 4. Key Insights
- 4.1. Porter’s Five Forces Analysis
- 4.2. SWOT Analysis
- 4.3. Technological Developments
- 4.4. Key Industry Developments - Mergers, Acquisitions & Partnerships
- 4.5. Impact of COVID-19
- 5. Global Automotive E-axle Market Analysis, Insights and Forecast, 2017-2028
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Electric Vehicle Type
- 5.2.1. Battery Electric Vehicle (BEV)
- 5.2.2. Plug-in Hybrid Electric Vehicle (PHEV)
- 5.3. Market Analysis, Insights and Forecast – By Vehicle Type
- 5.3.1. Passenger Cars
- 5.3.2. Commercial Vehicles
- 5.4. Market Analysis, Insights and Forecast – By Drive Type
- 5.4.1. All Wheel Drive
- 5.4.2. Front Wheel Drive
- 5.4.3. Rear Wheel Drive
- 5.5. Market Analysis, Insights and Forecast – By Region
- 5.5.1. North America
- 5.5.2. Europe
- 5.5.3. Asia Pacific
- 5.5.4. Rest of the World
- 6. North America Automotive E-axle Market Analysis, Insights and Forecast, 2017-2028
- 6.1. Key Findings / Summary
- 6.2. Market Analysis – By Electric Vehicle Type
- 6.2.1. Battery Electric Vehicle (BEV)
- 6.2.2. Plug-in Hybrid Electric Vehicle (PHEV)
- 6.3. Market Analysis – By Vehicle Type
- 6.3.1. Passenger Cars
- 6.3.2. Commercial Vehicles
- 6.4. Market Analysis, Insights and Forecast – By Drive Type
- 6.4.1. All Wheel Drive
- 6.4.2. Front Wheel Drive
- 6.4.3. Rear Wheel Drive
- 6.5. Market Analysis – By Country
- 6.5.1. U.S.
- 6.5.1.1. By Electric Vehicle Type
- 6.5.1.2. By Vehicle Type
- 6.5.1.3. By Drive Type
- 6.5.2. Canada
- 6.5.2.1. By Electric Vehicle Type
- 6.5.2.2. By Vehicle Type
- 6.5.2.3. By Drive Type
- 6.5.3. Mexico
- 6.5.3.1. By Electric Vehicle Type
- 6.5.3.2. By Vehicle Type
- 6.5.3.3. By Drive Type
- 7. Europe Automotive E-axle Market Analysis, Insights and Forecast, 2017-2028
- 7.1. Key Findings / Summary
- 7.2. Market Analysis – By Electric Vehicle Type
- 7.2.1. Battery Electric Vehicle (BEV)
- 7.2.2. Plug-in Hybrid Electric Vehicle (PHEV)
- 7.3. Market Analysis – By Vehicle Type
- 7.3.1. Passenger Cars
- 7.3.2. Commercial Vehicles
- 7.4. Market Analysis, Insights and Forecast – By Drive Type
- 7.4.1. All Wheel Drive
- 7.4.2. Front Wheel Drive
- 7.4.3. Rear Wheel Drive
- 7.5. Market Analysis – By Country
- 7.5.1. U.K.
- 7.5.1.1. By Electric Vehicle Type
- 7.5.1.2. By Vehicle Type
- 7.5.1.3. By Drive Type
- 7.5.2. Germany
- 7.5.2.1. By Electric Vehicle Type
- 7.5.2.2. By Vehicle Type
- 7.5.2.3. By Drive Type
- 7.5.3. France
- 7.5.3.1. By Electric Vehicle Type
- 7.5.3.2. By Vehicle Type
- 7.5.3.3. By Drive Type
- 7.5.4. Rest of Europe
- 7.5.4.1. By Electric Vehicle Type
- 7.5.4.2. By Vehicle Type
- 7.5.4.3. By Drive Type
- 8. Asia Pacific Automotive E-axle Market Analysis, Insights and Forecast, 2017-2028
- 8.1. Key Findings / Summary
- 8.2. Market Analysis – By Electric Vehicle Type
- 8.2.1. Battery Electric Vehicle (BEV)
- 8.2.2. Plug-in Hybrid Electric Vehicle (PHEV)
- 8.3. Market Analysis – By Vehicle Type
- 8.3.1. Passenger Cars
- 8.3.2. Commercial Vehicles
- 8.4. Market Analysis, Insights and Forecast – By Drive Type
- 8.4.1. All Wheel Drive
- 8.4.2. Front Wheel Drive
- 8.4.3. Rear Wheel Drive
- 8.5. Market Analysis – By Country
- 8.5.1. China
- 8.5.1.1. By Electric Vehicle Type
- 8.5.1.2. By Vehicle Type
- 8.5.1.3. By Drive Type
- 8.5.2. Japan
- 8.5.2.1. By Electric Vehicle Type
- 8.5.2.2. By Vehicle Type
- 8.5.2.3. By Drive Type
- 8.5.3. India
- 8.5.3.1. By Electric Vehicle Type
- 8.5.3.2. By Vehicle Type
- 8.5.3.3. By Drive Type
- 8.5.4. South Korea
- 8.5.4.1. By Electric Vehicle Type
- 8.5.4.2. By Vehicle Type
- 8.5.4.3. By Drive Type
- 8.5.5. Rest of Asia Pacific
- 8.5.5.1. By Electric Vehicle Type
- 8.5.5.2. By Vehicle Type
- 8.5.5.3. By Drive Type
- 9. Rest of the World Automotive E-axle Market Analysis, Insights and Forecast, 2017-2028
- 9.1. Key Findings / Summary
- 9.2. Market Analysis – By Electric Vehicle Type
- 9.2.1. Battery Electric Vehicle (BEV)
- 9.2.2. Plug-in Hybrid Electric Vehicle (PHEV)
- 9.3. Market Analysis – By Vehicle Type
- 9.3.1. Passenger Cars
- 9.3.2. Commercial Vehicles
- 9.4. Market Analysis, Insights and Forecast – By Drive Type
- 9.4.1. All Wheel Drive
- 9.4.2. Front Wheel Drive
- 9.4.3. Rear Wheel Drive
- 10. Competitive Analysis
- 10.1. Key Industry Developments
- 10.2. Key Company Ranking Analysis (2020)
- 10.3. Competition Dashboard
- 10.4. Comparative Analysis – Major Players
- 10.5. Company Profiles (Overview, Products & services, SWOT analysis, Recent developments, strategies, financials (based on availability))
- 10.5.1. Dana Limited (Ohio, U.S.)
- 10.5.1.1. Overview,
- 10.5.1.2. Products & services,
- 10.5.1.3. SWOT analysis,
- 10.5.1.4. Recent developments,
- 10.5.1.5. strategies,
- 10.5.1.6. financials (based on availability)
- 10.5.2. Robert Bosch GmbH (Gerlingen, Germany)
- 10.5.2.1. Overview,
- 10.5.2.2. Products & services,
- 10.5.2.3. SWOT analysis,
- 10.5.2.4. Recent developments,
- 10.5.2.5. strategies,
- 10.5.2.6. financials (based on availability)
- 10.5.3. GKN Automotive Limited (London, U.K.)
- 10.5.3.1. Overview,
- 10.5.3.2. Products & services,
- 10.5.3.3. SWOT analysis,
- 10.5.3.4. Recent developments,
- 10.5.3.5. strategies,
- 10.5.3.6. financials (based on availability)
- 10.5.4. Nidec Corporation (Kyoto, Japan)
- 10.5.4.1. Overview,
- 10.5.4.2. Products & services,
- 10.5.4.3. SWOT analysis,
- 10.5.4.4. Recent developments,
- 10.5.4.5. strategies,
- 10.5.4.6. financials (based on availability)
- 10.5.5. ZF Friedrichshafen AG (Friedrichshafen, Germany)
- 10.5.5.1. Overview,
- 10.5.5.2. Products & services,
- 10.5.5.3. SWOT analysis,
- 10.5.5.4. Recent developments,
- 10.5.5.5. strategies,
- 10.5.5.6. financials (based on availability)
- 10.5.6. Continental AG (Hanover, Germany)
- 10.5.6.1. Overview,
- 10.5.6.2. Products & services,
- 10.5.6.3. SWOT analysis,
- 10.5.6.4. Recent developments,
- 10.5.6.5. strategies,
- 10.5.6.6. financials (based on availability)
- 10.5.7. Schaeffler AG (Herzogenaurach, Germany)
- 10.5.7.1. Overview,
- 10.5.7.2. Products & services,
- 10.5.7.3. SWOT analysis,
- 10.5.7.4. Recent developments,
- 10.5.7.5. strategies,
- 10.5.7.6. financials (based on availability)
- 10.5.8. AxleTech (Meritor, Inc.) (Michigan, U.S.)
- 10.5.8.1. Overview,
- 10.5.8.2. Products & services,
- 10.5.8.3. SWOT analysis,
- 10.5.8.4. Recent developments,
- 10.5.8.5. strategies,
- 10.5.8.6. financials (based on availability)
- 10.5.9. Linamar Corporation (Guelph, Canada)
- 10.5.9.1. Overview,
- 10.5.9.2. Products & services,
- 10.5.9.3. SWOT analysis,
- 10.5.9.4. Recent developments,
- 10.5.9.5. strategies,
- 10.5.9.6. financials (based on availability)
- 10.5.10. Magna International Inc. (Aurora, Canada)
- 10.5.10.1. Overview,
- 10.5.10.2. Products & services,
- 10.5.10.3. SWOT analysis,
- 10.5.10.4. Recent developments,
- 10.5.10.5. strategies,
- 10.5.10.6. financials (based on availability)
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