Electric Axle Drive Systems Market Overview
The increase in fuel prices has resulted in an increase in adoption of electrical vehicles as a mode of day to day commute that is boosting the electrical axle drive systems value within the forecast amount. Rise in fuel costs has led to surge within the value of petroleum that's principally controlled by the opec countries. because of restricted petroleum sources, the costs are seemingly to travel up within the future. although there has been an increase in petrol costs, the price of electricity are low in most countries like denmark, Germany, and China. electrical cars equipped with electrical motors can facilitate to effectively maintain higher speed, increase efficiency, and reduce the total weight. therefore increase in consumer’s inclination towards hybrid and electrical cars has boosted the market growth.
The automobile remodeling is reworking at a fast rate due to economic process. reducing emissions from EVs can provide strong opportunities for the market over the forecast period. Besides, the necessity for EVs goes up at a rapid rate due to their improved fuel potency. Further, improvement in producing facilities in most emerging countries like Brazil, India, and China has increased the sales of the hybrid vehicles sales.
The high purchase price of electrical axle drive systems could act as a market restraint over the forecast amount. {the electrical|the electrical} axle system is usually utilized in various styles of cars like electric cars, commercial business cars, light-weight commercial cars, and passenger cars. The e-axle unit is provided with totally different transmission units, power electronic elements, and motor resting on the system utilized within the vehicle. Such components arepricy therefore increasing the general cost of electrical axle drive system therefore hindering the market growth.
| Report Metric | Details |
| Market size available for years | 2023–2030 |
| Base year considered | 2023 |
| Forecast period | 2024–2030 |
| Forecast unit | Value (USD Million) |
| Segments covered | System Type, Vehicle Type , and Region |
| Regions covered | North America (the U.S. and Canada), Europe (UK, Germany, France, Italy, Spain, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South East Asia, Rest of Asia Pacific), Latin America and the Middle East and Africa (Brazil, Saudi Arabia, UAE, Rest of LAMEA) |
| Companies covered | Robert Bosch,American Axle & Manufacturing Holdings Inc.,ZF Friedrichshafen AG ,GKN Plc,Magna International Inc.,Schaeffler Technologies AG & Co. KG ,Continental AG,Bonfiglioli Riduttori S.P.A. ,Borgwarner Inc.,Ziehl Abegg SE. |
The covid-19 Impact on Electric Axle Drive Systems Market:
Like several different industries, COVID-19 badly knocked the electronic and semiconductor trade. This new event has compact nearly 230 countries in exactly a couple of weeks, leading to the forced conclusion of producing and transportation activities at intervals and across the countries. This has directly affected the expansion of the sector. It's calculable that COVID-19 to depart over USD thirty billion impacts on the physics and semiconductor trade. The arena is majorly affected thanks to transport restrictions on major physics and semiconductor staple suppliers. However, the rising want for semiconductors in many industries can supply fast market recovery over the longer-term amount.
Electric Axle Drive Systems Market Segment Overview
By System Type, Hybrid electric system segment accounted major market share, The e-axle unit is provided with totally different transmission units, power electronic elements, and electric motor resting on the system used within the vehicle. Such elements are expensive therefore increasing the general price of electrical axle drive system therefore preventative the market growth.
By Vehicle Type , Passenger car segment accounted major market share owing to Electrical cars equipped with electrical motors can facilitate to effectively maintain higher speed, increase potency, and cut back the full weight. therefore, increase in consumer’s inclination towards hybrid and electric cars has boosted the market growth.
Market Analysis, Insights and Forecast – By System Type
· Electric Systems
· Hybrid Electric Systems
Market Analysis, Insights and Forecast – By Vehicle Type
· Passenger Cars
· Light Commercial Vehicles
· Heavy Commercial Vehicles
Electric Axle Drive Systems Market Regional Overview
Region-wise, in terms of regions, The APAC region can command the market over the forecast period. increased electric automobile sales in india, South Korea, Japan, and China, totally different countries rapidly adopting to the introduction of electrical cars because of reduced environmental impact and fewer pollution that helps them in tackling pollution emission issues, increasing sales of vehicles, growing demand for aftermarket components, and therefore the strong presence of o.e.m are adding to the global electrical axle drive systems market share over the forecast period.
Electric Axle Drive Systems Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Electric Axle Drive Systems Market Competitor overview
Some key developments and strategies adopted by manufacturers in the electric Axle Drive Systems are highlighted below.
· In July 2017, the UK Government declared the decision to discontinue production of recent diesel and fuel cars from 2040. This factor can fuel the electrical automotive market growth and additionally drive the requirement for electric product used to manufacture these cars, that additionally includes electrical axles. Further, rise in demand for these vehicles in motorcar sector boosts the expansion of the e-axle drive systems market.
Electric Axle Drive Systems Market, Key Players
· Robert Bosch,
· American Axle & Manufacturing Holdings Inc.,
· ZF Friedrichshafen AG ,
· GKN Plc
· Magna International Inc.,
· Schaeffler Technologies AG & Co. KG ,
· Continental AG,
· Bonfiglioli Riduttori S.P.A. ,
· Borgwarner Inc.,
· Ziehl Abegg SE.
Frequently Asked Questions (FAQ) :
Q1. What is the total CAGR expected to be recorded for the electric Axle Drive Systems market during the forecast period?
Electric Axle Drive Systems market is expected to record a CAGR of ~13.6% during the forecast period.
Q2. Which segment is projected to hold the largest share in the electric Axle Drive Systems Market?
Passenger Vehicles segment is projected to hold the largest share in the electric Axle Drive Systems Market
Q3. What are the driving factors for the electric Axle Drive Systems market?
Increasing speed , potential of vehicle and cut down the weight of vehicle are key factors that boost the growth of the electric Axle Drive Systems market progressively
Q4. Which Segments are covered in the Electric Axle Drive Systems market report?
System Type,Vehicle Type, and Region, these segments are covered in the Electric Axle Drive Systems market report.
Q5. Which are the prominent players offering Electric Axle Drive Systems?
Robert Bosch,American Axle & Manufacturing Holdings Inc.,ZF Friedrichshafen AG ,GKN Plc,Magna International Inc.,Schaeffler Technologies AG & Co. KG ,Continental AG,Bonfiglioli Riduttori S.P.A. ,Borgwarner Inc.,Ziehl Abegg SE.
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Electric Axle Drive Systems Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By System Type
- 5.2.1. Electric Systems
- 5.2.2. Hybrid Electric Systems
- 5.3. Market Analysis, Insights and Forecast – By Vehicle Type
- 5.3.1. Passenger Cars
- 5.3.2. Light Commercial Vehicles
- 5.3.3. Heavy Commercial Vehicles
- 5.4. Market Analysis, Insights and Forecast – By Region
- 5.4.1. North America
- 5.4.2. Europe
- 5.4.3. Asia Pacific
- 5.4.4. Latin America, Middle East, and Africa
6. North America Electric Axle Drive Systems Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By System Type
- 6.2.1. Electric Systems
- 6.2.2. Hybrid Electric Systems
- 6.3. Market Analysis, Insights and Forecast – By Vehicle Type
- 6.3.1. Passenger Cars
- 6.3.2. Light Commercial Vehicles
- 6.3.3. Heavy Commercial Vehicles
- 6.4. Market Analysis, Insights and Forecast – By Country
- 6.4.1. U.S.
- 6.4.2. Canada
7. Europe Electric Axle Drive Systems Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By System Type
- 7.2.1. Assembly & Packaging Services
- 7.2.2. Testing Services
- 7.3. Market Analysis, Insights and Forecast – By Vehicle Type
- 7.3.1. Copper Wire and Gold Wire Bonding
- 7.3.2. Copper Clip
- 7.3.3. Flip Chip
- 7.3.4. Wafer Level Packaging
- 7.3.5. TSV
- 7.4. Market Analysis, Insights and Forecast – By Application
- 7.4.1. Communications
- 7.4.2. Computing & Networking
- 7.4.3. Consumer Electronics
- 7.4.4. Industrial
- 7.4.5. Automotive Electronics
- 7.5. Market Analysis, Insights and Forecast – By Country
- 7.5.1. UK
- 7.5.2. Germany
- 7.5.3. France
- 7.5.4. Italy
- 7.5.5. Spain
- 7.5.6. Russia
- 7.5.7. Rest of Europe
8. Asia Pacific-electric Axle Drive Systems Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By System Type
- 8.2.1. Electric Systems
- 8.2.2. Hybrid Electric Systems
- 8.3. Market Analysis, Insights and Forecast – By Vehicle Type
- 8.3.1. Passenger Cars
- 8.3.2. Light Commercial Vehicles
- 8.3.3. Heavy Commercial Vehicles
- 8.4. Market Analysis, Insights and Forecast – By Country
- 8.4.1. China
- 8.4.2. India
- 8.4.3. Japan
- 8.4.4. Australia
- 8.4.5. South East Asia
- 8.4.6. Rest of Asia Pacific
9. Latin America, Middle East, and Africa Electric Axle Drive Systems Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By System Type
- 9.2.1. Electric Systems
- 9.2.2. Hybrid Electric Systems
- 9.3. Market Analysis, Insights and Forecast – By Vehicle Type
- 9.3.1. Passenger Cars
- 9.3.2. Light Commercial Vehicles
- 9.3.3. Heavy Commercial Vehicles
- 9.4. Market Analysis, Insights and Forecast – By Country
- 9.4.1. Brazil
- 9.4.2. Saudi Arabia
- 9.4.3. UAE
- 9.4.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. Robert Bosch
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. American Axle & Manufacturing Holdings Inc.,
- 10.6. ZF Friedrichshafen AG ,
- 10.7. GKN Plc
- 10.8. Magna International Inc.,
- 10.9. Schaeffler Technologies AG & Co. KG ,
- 10.10. Continental AG,
- 10.11. Bonfiglioli Riduttori S.P.A. ,
- 10.12. Borgwarner Inc.,
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
