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

Global 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 E-Axle market finds that the global E-Axle market reached a value of USD 6996.19 million in 2022. It’s expected that the market will achieve USD 29760.74 million by 2028, exhibiting a CAGR of 27.29% during the forecast period.

Strength

Increase in global consumer disposable income and surge in passenger car sales.
Electric and hybrid vehicle sales increase.
Large companies' increased awareness of the latest automotive technologies and increased deployment of electronic axles in automobiles.

Increased fuel costs.

Increased pollution and reduced fossil fuel reserves.

Weakness

High cost of electric shaft drive systems.
OEMs struggle to profit from the electric vehicle market.
Price pressure on raw materials.
Electric vehicles have problems with noise, vibration, and irregularity (NVH).

Opportunities

Enforce strict emission regulations to reduce vehicle weight and emissions.
Increase R & D activities to improve electric and hybrid vehicles
Proliferation of E-axis use in ICE vehicles.

Threat

Fierce competition from international companies.
Rising labor costs.
Due to the complexity of the system layout, it is difficult to promote the electric drive axle system.

Region Overview:

Geographically, Asia Pacific held the largest market share – 61.4% in 2022.

Company Overview:

Melrose Industries PLC (GKN) is one of the major players operating in the E-Axle market, holding a share of 16.75% in 2023.

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 Incorporated is an American supplier of axles, driveshafts, transmissions, and electrodynamic, thermal, sealing, and digital equipment for conventional, hybrid, and electric-powered vehicles. The company's products and services are aimed at the light vehicle, commercial vehicle, and off-highway equipment markets.

Segmentation Overview:

As for product types, the Forward Wheel Drive (FWD) segment held the largest market share in 2022.

Application Overview:

In the E-Axle market, 83.67% of the total value was generated through the Passenger Vehicle segment by application in 2022.

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

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

In Chapter 4 and Chapter 14.2, on the basis of types, the 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 E-Axle market from 2018 to 2029 covers:

Passenger Vehicle
Commercial Vehicle

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)