Automotive E-Axle Market Research Report Forecast till 2035

Automotive E-Axle Market Research Report Forecast till 2035

Automotive E-Axle Market is anticipated to register a healthy CAGR of 17.7% during the review period. The Automotive E-Axle Market is expected to develop fundamentally over the forecast period due to several variables. The development of the Automotive E-Axle Market is expected to be driven by key factors, for example, increasing demand for electric vehicles and advantages of automotive e-axles over conventional powertrains propelling its reception among the OEMS. However, factors, for example, high beginning expense is expected to hamper the development of the market are expected to restrict market development. Then again, developing demand for electric vehicles in developing countries, development of new automotive e-axle technologies and developing demand for automotive e-axles in commercial vehicles pose lucrative opportunities for the Worldwide market.

To help an environment that is effective, clean, and sustainable, more and more people are changing to electric automobiles. For the market, this has meant profitable development potential. The market for electric vehicles has developed because of worries about climate change and vehicular contamination. People are pushing toward electric vehicles because of the depletion of petroleum product supplies and increases in the expense of gasoline and diesel. This has accelerated market development.

Sales of electric drive axles are predicted to increase, in line with the yearly development in sales of electric vehicles. The development of electric drive axle technology is important for numerous huge auto technology businesses. The business guarantees that to optimize customer advantage, this Axle will provide energy-efficient AWD usefulness notwithstanding cross breed and electric modes. In 2020, there were around 370 different types of electric vehicles available, as per the International Energy Agency's (IEA) worldwide yearly EV standpoint report, which was released in April 2021. This indicates a 40% yearly rise. The most significant expansion and numerous models were noted in the famous SUV market in 2020. Electric SUVs hold the greatest market share in the United States and are quickly building up momentum in China and Europe. For example, compared to the overall SUV market, the extent of electric games utility vehicles is higher in Europe.

Market Segmentation

Based on component, the Automotive E-Axle Market is classified into Electric Motor, Inverter, Transmission and Others. Based on Power, the market is classified into Up to 50 kW, 51-100 kW, 101-300 kW, 301-600 kW and 601 kW & above. Based on the Drive Type, the Automotive E-Axle Market is categorized into Front-Wheel Drive, Rear-Wheel Drive and All-Wheel Drive.

Based on Vehicle Propulsion, the market id segmented into BEVs, HEVs, PHEVs and FCEVs. Based on Vehicle Category, the market is bifurcated into Passenger Cars and Commercial Vehicles.

Major Players

The major players in the market include Dana Incorporated, GKN, Robert Bosch GmbH, Schaeffler AG, ZF Friedrichshafen AG, and others.