Global Car Drive System Market Growth (Status and Outlook) 2023-2029

Global Car Drive System Market Growth (Status and Outlook) 2023-2029

The car drive system is one of the most important systems in electric vehicles. The performance of electric vehicle is mainly determined by its driving system. The car drive system of an electric vehicle is composed of traction motor, motor controller, mechanical transmission device and wheels. Its energy storage power source is the battery pack.
LPI (LP Information)' newest research report, the “Car Drive System Industry Forecast” looks at past sales and reviews total world Car Drive System sales in 2022, providing a comprehensive analysis by region and market sector of projected Car Drive System sales for 2023 through 2029. With Car Drive System sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Car Drive System industry.
This Insight Report provides a comprehensive analysis of the global Car Drive System landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Car Drive System portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Car Drive System market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Car Drive System and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Car Drive System.
The global Car Drive System market size is projected to grow from US$ 16500 million in 2022 to US$ 125450 million in 2029; it is expected to grow at a CAGR of 33.6% from 2023 to 2029.
Currently, major global companies include BYD, Zhongshan Broad-Ocean Motor Co.,Ltd., Bosch, JEE and Hitachi, etc. The market share of top 5 companies accounted for more than 34% of global market in 2019.
The manufacturer base are located in North America, Europe, China and Japan. Among them, China accounted for approximately 63% of the global market share in 2019.
As for the product type, the car drive system is mainly divided into FWD, RWD and AWD/4WD. In 2019, FWD accounted for about 91% of the market share.
From the market application of the product, the car drive system is mainly used in passenger vehicle, commercial vehicle and engineering vehicle. In 2019, the car drive system for passenger vehicle accounted for 82% of the market share.
This report presents a comprehensive overview, market shares, and growth opportunities of Car Drive System market by product type, application, key players and key regions and countries.
Market Segmentation:
Segmentation by type
FWD
RWD
AWD/4WD
Segmentation by application
Passenger Vehicle
Commercial Vehicle
Engineering Vehicle
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
BYD
Zhongshan Broad-Ocean Motor Co.,Ltd.
Bosch
JEE
Hitachi
Jing-Jin Electric Technologies Co., Ltd.
Mitsubishi Motors
United Automotive Electronic Systems Co.,Ltd.
HASCO
MAGNA
Shenzhen Greatland Electrics Inc.
Hepu Power Co., Ltd.
Zhejiang Founder Motor Co., Ltd.

Please note: The report will take approximately 2 business days to prepare and deliver.