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Electric Axle Drive Market Status (2016-2020) and Forecast Market Analysis, Regional Outlook, Segment Growth Potential, and Competitive Market Share Analysis, 2021-2027

Format: PDF | Pages: 331 | Report ID: MRS1096


Report Description

The global electric axle drive market size is estimated at USD 7,109.6 million in 2020, expanding at a CAGR 13.6% from 2021-2027 to reach 15,067.8 million USD in 2027.

Market Dynamics

The electric axle drive market is expected to witness substantial growth over the forecast period. The eAxle is a small, low-cost electric drive system designed for battery-electric cars and hybrid applications. The electric motor, power electronics, and gearbox are all bundled into a small unit that powers the vehicle's axle directly. This contributes to making electric drives less sophisticated yet more user-friendly. Furthermore, the powertrain becomes less expensive, more compact, and more efficient.

The power electronics transform the direct current from the battery into the alternating current required by the electric motor. The electric motor transfers torque to the gearbox by converting electrical to mechanical energy. The gearbox gears the electric motor's speed to the level required by the drive shaft while also enhancing the motor's torque. The overall degree of efficiency is determined by the combined efficiency of the electric motor, power electronics, and transmission. The optimization and integration of these distinct components result in a considerable increase in inefficiency.

Regional Insights

The Asia Pacific region is likely to gain traction throughout the projection period due to increased vehicle sales, robust demand for aftermarket components, and a strong OEM presence. As a result, the Asia Pacific region is predicted to grow at a significant rate throughout the projection period. Western European nations' need for the electric axle drive market presents a potential market for the electric axle drive industry.

Segment Insights

The electric axle drive and wheel drive market is divided into four categories: motor type, drive type, vehicle type, and end-user. The electric axle drive market is divided into three categories based on motor type: permanent magnet ac motors, brushless dc motors, and others. The electric axle drive market has been divided into two segments based on drive type: totally electric and hybrid. The electric axle drive and wheel drive market has been divided into three segments based on vehicle type: pure electric vehicle, hybrid electric vehicle, and plug-in hybrid electric vehicle. Electric axle drives have also been classified according to end-user into passenger vehicles and commercial vehicles.

Competitive Insights

The Electric axle drive market is highly competitive in nature with the presence of local & international players. Major players in the industry engage in strategic merger & acquisition, partnership, and new product launches to remain competent in the market. For example, In July 2021, Vitesco, a Continental spin-off, seeks to score in the rapidly increasing sector of electromobility by offering increased power density and compact dimensions at a low weight. The new drive, codenamed EMR4 (Electronics Motor Reducer), is geared towards the mainstream of the next generation of e-cars. The Vitesco drive platform is intended for power requirements ranging from 80 to 230 kW.

The report begins with an overview of the Industry Chain structure, and describes the industry environment, then analyses market size and forecast of Electric axle drive by motor type, drive type, vehicle type, and end-user. In addition, this report introduces the market competition situation among the vendors and company profile, besides, market price analysis and value chain features are covered in this report.

Company Coverage (Company Profile, Sales Revenue, Price, Gross Margin, Main Products, etc.):

  • Dana
  • GKN
  • American Axle & Manufacturing
  • UQM Technologies
  • Robert Bosch GmbH
  • 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

Motor type Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):

  • Permanent magnet ac motors
  • Brushless dc motors
  • others

Vehicle type Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):

  • Electric
  • Others

End-User Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):

  • Passenger vehicles
  • Commercial vehicles

Region Coverage (Regional Consumption, Demand & Forecast by Countries, etc.):

  • North America (U.S., and Canada)
  • Europe (Germany, U.K., France, Italy, Spain, etc.)
  • Asia-Pacific (China, India, Japan, Indonesia, Malaysia, Australia, South Korea, etc.)
  • South America (Brazil, Mexico, Argentina, etc.)
  • Middle East & Africa (Saudi Arabia, Kuwait, UAE, South Africa, etc.)

Frequently Asked Questions

The global electric axle drive market size is estimated at USD 7,109.6 million in 2020, expanding at a CAGR 13.6% from 2021-2027 to reach 15,067.8 million USD in 2027.
North America captured the highest revenue in 2021 and is projected to continue its dominance during the study period.
The global electric axle drive market size is expanding at a CAGR 13.6% from 2021-2027 to reach 15,067.8 million USD in 2027.
Asia Pacific (especially China, and India) region is projected to grow at the fastest growth rate during the study period.
The Electric axle drive market is highly competitive in nature with the presence of local & international players. Major players in the industry engage in strategic merger & acquisition, partnership, and new product launches to remain competent in the market. For example, In July 2021, Vitesco, a Continental spin-off, seeks to score in the rapidly increasing sector of electromobility by offering increased power density and compact dimensions at a low weight. The new drive, codenamed EMR4 (Electronics Motor Reducer), is geared towards the mainstream of the next generation of e-cars. The Vitesco drive platform is intended for power requirements ranging from 80 to 230 kW.

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