Global Automotive E-Axle Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Automotive E-Axle Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

E-Axle is a compact, attractive cost electric drive solution for battery electric vehicles and hybrid applications. The electric motor, power electronics and gearbox are combined in a compact unit that directly powers the vehicle's axles.

Market Overview:

The latest research study on the global Automotive E-Axle market finds that the global Automotive E-Axle market reached a value of USD 8270.45 million in 2022. It’s expected that the market will achieve USD 30881.62 million by 2028, exhibiting a CAGR of 24.56% during the forecast period.

Affect the normal operation of the industry

The raging COVID-19 has plunged the global economic environment into depression. The influence of COVID-19 on Automotive E-Axle industry will involve all major links and entities in the industrial chain. The management efficiency of the company declined, commuting was hindered, production plans were hindered, and the company's development strategy and marketing methods were forced to adjust. In addition, during the COVID-19 period, the logistics speed slowed down or even stopped, and the supply of raw materials for Automotive E-Axle production was tight. The company's production is limited to some extent, and the production of related enterprises in the hardest hit areas is greatly affected.
In addition, due to the rapid spread of the epidemic, in the factory environment, employees need greater physical distance and more personal protective equipment (PPE), which increases the financial expenditure of enterprises.

Market demand fluctuates in the short term and lasts for a long time

At the beginning of 2020, the epidemic has already impacted the whole automobile industry chain. From the supply side, in March 2020, most OEM factories in Europe announced that they would stop working for 1-3 weeks, and the supply would be tightened in the short term. From the demand side, countries with severe epidemic began to take measures to restrict public travel in March, which will inevitably affect the auto market turnover in the first quarter. The global new energy auto market is more resilient than the traditional auto market, and its market share is also increasing. Under the dual influence of tightening emission regulations and subsidy policies, the global new energy market sales have been increasing since the second half of 2020, and the annual sales of electric vehicles exceeded 3 million for the first time. Affected by the new energy vehicle market as a whole, the sales volume of the Automotive E-Axle industry was affected to some extent in the first half of 2020, but it still showed an increasing trend throughout the year.

Technical Progress

Electric drive system is developing towards high efficiency, miniaturization and light weight, and integrated design is an effective way to meet this trend. Three-in-one E-Axle. has gradually become the mainstream in the development process of electric vehicles, and the operation of improving efficiency and reducing cost has also become the current development direction of three-in-one E-Axle.
The increasing demand for lightweight, structurally safe and cost-effective chassis and automotive systems forces manufacturers to focus on the development of technologically advanced products. In 2017; GKN Automotive announced that the company has developed a semi-integrated coaxial single-speed electric bridge system. According to the company, this eAxle will provide hybrid and electric modes and energy-saving AWD functions to maximize customer benefits. In January 2019, BorgWarner introduced an integrated automobile bridge called iDM. There are three different versions of the newly developed products, which are suitable for the front and back applications of passenger cars and light commercial vehicles.
The intense attention to the research and development of automotive electronic bridge technology has led to the reduction of the overall component weight and given an effective and compact design. The enhanced design enables integrators to accommodate more batteries, which ultimately extends the cruising range of electric vehicles. Technological progress drives the continuous growth of Automotive E-Axle market.

Intense market competition

For most industries the intensity of competitive rivalry is the major determinant of the competitiveness of the industry. Having an understanding of industry rivals is vital to successfully market a product. Positioning pertains to how the public perceives a product and distinguishes it from competitors. A business must be aware of its competitors marketing strategy and pricing and also be reactive to any changes made.
Automotive E-Axle industry is developing continuously, and the market competition is intensified with good development prospects. It poses some challenges to the product quality, sales channels and after-sales guarantee of Automotive E-Axle.
In the future market competition, if manufacturers fail to surpass their competitors in terms of product quality, sales channels and R&D strength, they will be unable to maintain their existing competitive position in the Automotive E-Axle market and lose their original market share, and there will be a risk that the operating performance of manufacturers will decline.

Region Overview:

In 2021, the share of the Automotive E-Axle market in China stood at 45.74%.

Company Overview:

Melrose Industries PLC (GKN) is one of the major players operating in the Automotive E-Axle market, holding a share of 24.21% in 2022.

Melrose Industries PLC (GKN)

GKN Limited produces automotive components and aerospace vehicles. The Company manufactures and provides driveline systems, vehicle chassis assemblies, sub-assemblies, and power take-off shafts in addition to aircraft transmissions and helicopters. GKN serves customers worldwide.

Dana Incorporated

Dana is a leader in the design and manufacture of highly efficient propulsion and energy-management solutions for all mobility markets across the globe. The company's conventional and clean-energy solutions support nearly every vehicle manufacturer with drive and motion systems; electrodynamic technologies, including software and controls; and thermal, sealing, and digital solutions.

Segmentation Overview:

By type, Forward Wheel Drive (FWD) segment accounted for the largest share of market in 2021.

Application Overview:

By application, the EV Car segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Automotive E-Axle market covered in Chapter 3:

Borgwarner
Continental AG
Robert Bosch GmbH
Linamar Corporation
Melrose Industries PLC (GKN)
Dana Incorporated
Magna International
ZF Friedrichshafen AG
Schaeffler AG
Nidec Corporation

In Chapter 4 and Chapter 14.2, on the basis of types, the Automotive E-Axle market from 2018 to 2029 is primarily split into:

Forward Wheel Drive (FWD)
Rear Wheel Drive (RWD)
All-wheel Drive (AWD)

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Automotive E-Axle market from 2018 to 2029 covers:

EV Car
Hydrogen Car

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)