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.
List of Figures
Figure 1: Global Electric Axel Drive Systems Market Revenue Breakdown (USD Billion, %) by Region, 2019 & 2027
Figure 2: Global Electric Axel Drive Systems Market Value Share (%), By Segment 1, 2019 & 2027
Figure 3: Global Electric Axel Drive Systems Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 4: Global Electric Axel Drive Systems Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 5: Global Electric Axel Drive Systems Market Value Share (%), By Segment 2, 2019 & 2027
Figure 6: Global Electric Axel Drive Systems Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 7: Global Electric Axel Drive Systems Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 8: Global Electric Axel Drive Systems Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 9: Global Electric Axel Drive Systems Market Forecast (USD Billion), by Others, 2016-2027
Figure 10: Global Electric Axel Drive Systems Market Value Share (%), By Segment 3, 2019 & 2027
Figure 11: Global Electric Axel Drive Systems Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 12: Global Electric Axel Drive Systems Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 13: Global Electric Axel Drive Systems Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 14: Global Electric Axel Drive Systems Market Forecast (USD Billion), by Others, 2016-2027
Figure 15: Global Electric Axel Drive Systems Market Value (USD Billion), by Region, 2019 & 2027
Figure 16: North America Electric Axel Drive Systems Market Value Share (%), By Segment 1, 2019 & 2027
Figure 17: North America Electric Axel Drive Systems Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 18: North America Electric Axel Drive Systems Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 19: North America Electric Axel Drive Systems Market Value Share (%), By Segment 2, 2019 & 2027
Figure 20: North America Electric Axel Drive Systems Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 21: North America Electric Axel Drive Systems Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 22: North America Electric Axel Drive Systems Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 23: North America Electric Axel Drive Systems Market Forecast (USD Billion), by Others, 2016-2027
Figure 24: North America Electric Axel Drive Systems Market Value Share (%), By Segment 3, 2019 & 2027
Figure 25: North America Electric Axel Drive Systems Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 26: North America Electric Axel Drive Systems Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 27: North America Electric Axel Drive Systems Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 28: North America Electric Axel Drive Systems Market Forecast (USD Billion), by Others, 2016-2027
Figure 29: North America Electric Axel Drive Systems Market Forecast (USD Billion), by U.S., 2016-2027
Figure 30: North America Electric Axel Drive Systems Market Forecast (USD Billion), by Canada, 2016-2027
Figure 31: Latin America Electric Axel Drive Systems Market Value Share (%), By Segment 1, 2019 & 2027
Figure 32: Latin America Electric Axel Drive Systems Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 33: Latin America Electric Axel Drive Systems Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 34: Latin America Electric Axel Drive Systems Market Value Share (%), By Segment 2, 2019 & 2027
Figure 35: Latin America Electric Axel Drive Systems Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 36: Latin America Electric Axel Drive Systems Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 37: Latin America Electric Axel Drive Systems Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 38: Latin America Electric Axel Drive Systems Market Forecast (USD Billion), by Others, 2016-2027
Figure 39: Latin America Electric Axel Drive Systems Market Value Share (%), By Segment 3, 2019 & 2027
Figure 40: Latin America Electric Axel Drive Systems Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 41: Latin America Electric Axel Drive Systems Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 42: Latin America Electric Axel Drive Systems Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 43: Latin America Electric Axel Drive Systems Market Forecast (USD Billion), by Others, 2016-2027
Figure 44: Latin America Electric Axel Drive Systems Market Forecast (USD Billion), by Brazil, 2016-2027
Figure 45: Latin America Electric Axel Drive Systems Market Forecast (USD Billion), by Mexico, 2016-2027
Figure 46: Latin America Electric Axel Drive Systems Market Forecast (USD Billion), by Rest of Latin America, 2016-2027
Figure 47: Europe Electric Axel Drive Systems Market Value Share (%), By Segment 1, 2019 & 2027
Figure 48: Europe Electric Axel Drive Systems Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 49: Europe Electric Axel Drive Systems Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 50: Europe Electric Axel Drive Systems Market Value Share (%), By Segment 2, 2019 & 2027
Figure 51: Europe Electric Axel Drive Systems Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 52: Europe Electric Axel Drive Systems Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 53: Europe Electric Axel Drive Systems Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 54: Europe Electric Axel Drive Systems Market Forecast (USD Billion), by Others, 2016-2027
Figure 55: Europe Electric Axel Drive Systems Market Value Share (%), By Segment 3, 2019 & 2027
Figure 56: Europe Electric Axel Drive Systems Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 57: Europe Electric Axel Drive Systems Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 58: Europe Electric Axel Drive Systems Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 59: Europe Electric Axel Drive Systems Market Forecast (USD Billion), by Others, 2016-2027
Figure 60: Europe Electric Axel Drive Systems Market Forecast (USD Billion), by U.K., 2016-2027
Figure 61: Europe Electric Axel Drive Systems Market Forecast (USD Billion), by Germany, 2016-2027
Figure 62: Europe Electric Axel Drive Systems Market Forecast (USD Billion), by France, 2016-2027
Figure 63: Europe Electric Axel Drive Systems Market Forecast (USD Billion), by Italy, 2016-2027
Figure 64: Europe Electric Axel Drive Systems Market Forecast (USD Billion), by Spain, 2016-2027
Figure 65: Europe Electric Axel Drive Systems Market Forecast (USD Billion), by Russia, 2016-2027
Figure 66: Europe Electric Axel Drive Systems Market Forecast (USD Billion), by Rest of Europe, 2016-2027
Figure 67: Asia Pacific Electric Axel Drive Systems Market Value Share (%), By Segment 1, 2019 & 2027
Figure 68: Asia Pacific Electric Axel Drive Systems Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 69: Asia Pacific Electric Axel Drive Systems Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 70: Asia Pacific Electric Axel Drive Systems Market Value Share (%), By Segment 2, 2019 & 2027
Figure 71: Asia Pacific Electric Axel Drive Systems Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 72: Asia Pacific Electric Axel Drive Systems Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 73: Asia Pacific Electric Axel Drive Systems Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 74: Asia Pacific Electric Axel Drive Systems Market Forecast (USD Billion), by Others, 2016-2027
Figure 75: Asia Pacific Electric Axel Drive Systems Market Value Share (%), By Segment 3, 2019 & 2027
Figure 76: Asia Pacific Electric Axel Drive Systems Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 77: Asia Pacific Electric Axel Drive Systems Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 78: Asia Pacific Electric Axel Drive Systems Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 79: Asia Pacific Electric Axel Drive Systems Market Forecast (USD Billion), by Others, 2016-2027
Figure 80: Asia Pacific Electric Axel Drive Systems Market Forecast (USD Billion), by China, 2016-2027
Figure 81: Asia Pacific Electric Axel Drive Systems Market Forecast (USD Billion), by India, 2016-2027
Figure 82: Asia Pacific Electric Axel Drive Systems Market Forecast (USD Billion), by Japan, 2016-2027
Figure 83: Asia Pacific Electric Axel Drive Systems Market Forecast (USD Billion), by Australia, 2016-2027
Figure 84: Asia Pacific Electric Axel Drive Systems Market Forecast (USD Billion), by Southeast Asia, 2016-2027
Figure 85: Asia Pacific Electric Axel Drive Systems Market Forecast (USD Billion), by Rest of Asia Pacific, 2016-2027
Figure 86: Middle East & Africa Electric Axel Drive Systems Market Value Share (%), By Segment 1, 2019 & 2027
Figure 87: Middle East & Africa Electric Axel Drive Systems Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 88: Middle East & Africa Electric Axel Drive Systems Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 89: Middle East & Africa Electric Axel Drive Systems Market Value Share (%), By Segment 2, 2019 & 2027
Figure 90: Middle East & Africa Electric Axel Drive Systems Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 91: Middle East & Africa Electric Axel Drive Systems Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 92: Middle East & Africa Electric Axel Drive Systems Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 93: Middle East & Africa Electric Axel Drive Systems Market Forecast (USD Billion), by Others, 2016-2027
Figure 94: Middle East & Africa Electric Axel Drive Systems Market Value Share (%), By Segment 3, 2019 & 2027
Figure 95: Middle East & Africa Electric Axel Drive Systems Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 96: Middle East & Africa Electric Axel Drive Systems Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 97: Middle East & Africa Electric Axel Drive Systems Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 98: Middle East & Africa Electric Axel Drive Systems Market Forecast (USD Billion), by Others, 2016-2027
Figure 99: Middle East & Africa Electric Axel Drive Systems Market Forecast (USD Billion), by GCC, 2016-2027
Figure 100: Middle East & Africa Electric Axel Drive Systems Market Forecast (USD Billion), by South Africa, 2016-2027
Figure 101: Middle East & Africa Electric Axel Drive Systems Market Forecast (USD Billion), by Rest of Middle East & Africa, 2016-2027
List of Tables
Table 1: Global Electric Axel Drive Systems Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 2: Global Electric Axel Drive Systems Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 3: Global Electric Axel Drive Systems Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 4: Global Electric Axel Drive Systems Market Revenue (USD Billion) Forecast, by Region, 2016-2027
Table 5: North America Electric Axel Drive Systems Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 6: North America Electric Axel Drive Systems Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 7: North America Electric Axel Drive Systems Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 8: North America Electric Axel Drive Systems Market Revenue (USD Billion) Forecast, by Country, 2016-2027
Table 9: Europe Electric Axel Drive Systems Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 10: Europe Electric Axel Drive Systems Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 11: Europe Electric Axel Drive Systems Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 12: Europe Electric Axel Drive Systems Market Revenue (USD Billion) Forecast, by Country, 2016-2027
Table 13: Latin America Electric Axel Drive Systems Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 14: Latin America Electric Axel Drive Systems Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 15: Latin America Electric Axel Drive Systems Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 16: Latin America Electric Axel Drive Systems Market Revenue (USD Billion) Forecast, by Country, 2016-2027
Table 17: Asia Pacific Electric Axel Drive Systems Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 18: Asia Pacific Electric Axel Drive Systems Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 19: Asia Pacific Electric Axel Drive Systems Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 20: Asia Pacific Electric Axel Drive Systems Market Revenue (USD Billion) Forecast, by Country, 2016-2027
Table 21: Middle East & Africa Electric Axel Drive Systems Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 22: Middle East & Africa Electric Axel Drive Systems Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 23: Middle East & Africa Electric Axel Drive Systems Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 24: Middle East & Africa Electric Axel Drive Systems Market Revenue (USD Billion) Forecast, by Country, 2016-2027
Research Process
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
Primary Research
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 Research
Secondary 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 Estimation
Both, 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
