Global EV Axle Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 2029

Global EV Axle Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 2029

According to our (Global Info Research) latest study, the global EV Axle market size was valued at USD 4212.5 million in 2022 and is forecast to a readjusted size of USD 9820.2 million by 2029 with a CAGR of 12.9% during review period.

It is equivalent to the engine + gearbox of a traditional car. The powertrain of a pure electric vehicle consists of a motor, electronic control and reducer. It is generally called the "electric drive" system. It is the heart of the electric vehicle and is equivalent to the engine + gearbox in a traditional fuel vehicle. Its functions are to control the The conversion of chemical energy into vehicle kinetic energy is also the core component that determines vehicle power, energy consumption and other performance. Compared with the engine + gearbox, the electric drive system has the advantages of simple structure, small size, and can be started with load.

Electric vehicle eAxle is a mechatronic drive system designed for electric vehicles and is the core component of the electric vehicle power system. It integrates components such as motors, transmissions and electronic controls to provide power for electric vehicles.

In the global market, the major core players of Electric Vehicle Electric Drive Axle (EV Axle) are BYD, Nidec Corporation, GKN Automotive Limited and others. The top three players within this industry account for about 45% of the market share. North America, Europe, and Asia Pacific are the major manufacturing regions for this product, with North America accounting for around 15% of the global market share. The product is categorised on the basis of peak power into less than 100 kW peak power, 100 kW to 200 kW peak power, and more than 200 kW peak power. The products are widely used in passenger cars and commercial vehicles.

The Global Info Research report includes an overview of the development of the EV Axle industry chain, the market status of Passenger Cars (Peak Output below 100kW, Peak Output between 100kW and 200kW), Commercial Vehicles (Peak Output below 100kW, Peak Output between 100kW and 200kW), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of EV Axle.

Regionally, the report analyzes the EV Axle markets in key regions. North America and Europe are experiencing steady growth, driven by government initiatives and increasing consumer awareness. Asia-Pacific, particularly China, leads the global EV Axle market, with robust domestic demand, supportive policies, and a strong manufacturing base.

Key Features:

The report presents comprehensive understanding of the EV Axle market. It provides a holistic view of the industry, as well as detailed insights into individual components and stakeholders. The report analysis market dynamics, trends, challenges, and opportunities within the EV Axle industry.

The report involves analyzing the market at a macro level:

Market Sizing and Segmentation: Report collect data on the overall market size, including the sales quantity (K Units), revenue generated, and market share of different by Peak Output (e.g., Peak Output below 100kW, Peak Output between 100kW and 200kW).

Industry Analysis: Report analyse the broader industry trends, such as government policies and regulations, technological advancements, consumer preferences, and market dynamics. This analysis helps in understanding the key drivers and challenges influencing the EV Axle market.

Regional Analysis: The report involves examining the EV Axle market at a regional or national level. Report analyses regional factors such as government incentives, infrastructure development, economic conditions, and consumer behaviour to identify variations and opportunities within different markets.

Market Projections: Report covers the gathered data and analysis to make future projections and forecasts for the EV Axle market. This may include estimating market growth rates, predicting market demand, and identifying emerging trends.

The report also involves a more granular approach to EV Axle:

Company Analysis: Report covers individual EV Axle manufacturers, suppliers, and other relevant industry players. This analysis includes studying their financial performance, market positioning, product portfolios, partnerships, and strategies.

Consumer Analysis: Report covers data on consumer behaviour, preferences, and attitudes towards EV Axle This may involve surveys, interviews, and analysis of consumer reviews and feedback from different by Application (Passenger Cars, Commercial Vehicles).

Technology Analysis: Report covers specific technologies relevant to EV Axle. It assesses the current state, advancements, and potential future developments in EV Axle areas.

Competitive Landscape: By analyzing individual companies, suppliers, and consumers, the report present insights into the competitive landscape of the EV Axle market. This analysis helps understand market share, competitive advantages, and potential areas for differentiation among industry players.

Market Validation: The report involves validating findings and projections through primary research, such as surveys, interviews, and focus groups.

Market Segmentation

EV Axle market is split by Peak Output and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for consumption value by Peak Output, and by Application in terms of volume and value.

Market segment by Peak Output
Peak Output below 100kW
Peak Output between 100kW and 200kW
Peak Output above 200kW

Market segment by Application
Passenger Cars
Commercial Vehicles

Major players covered
BYD
Nidec Corporation
GKN Automotive Limited
Vitesco Technologies
BorgWarner
UAES
Inovance
Leapmotor
Meritor
JJE
Aisin
Robert Bosch GmbH
ZF Friedrichshafen

Market segment by region, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe EV Axle product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of EV Axle, with price, sales, revenue and global market share of EV Axle from 2018 to 2023.

Chapter 3, the EV Axle competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the EV Axle breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2018 to 2029.

Chapter 5 and 6, to segment the sales by Peak Output and application, with sales market share and growth rate by peak output, application, from 2018 to 2029.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2022.and EV Axle market forecast, by regions, peak output and application, with sales and revenue, from 2024 to 2029.

Chapter 12, market dynamics, drivers, restraints, trends and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of EV Axle.

Chapter 14 and 15, to describe EV Axle sales channel, distributors, customers, research findings and conclusion.