Electric Axle Drive Market Status (2016-2020) and Forecast Market Analysis, Regional Outlook, Segment Growth Potential, and Competitive Market Share Analysis, 2021-2027
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.)
Table Of Content
TABLE OF CONTENT
1. Electric Axle Drive Market Overview
1.1. Product Overview and Scope of Electric Axle Drive
1.2. Global Market Growth Prospects and Revenue Estimates
1.3. Global Electric Axle Drive Market Size Growth Rate Analysis by Motor Type 2020 VS 2027
1.3.1. Permanent magnet ac motors
1.3.2. Brushless dc motors
1.3.3. Others
1.4. Global Electric Axle Drive Consumption Comparison by Vehicle Type: 2020 VS 2027
1.4.1. Electric
1.4.2. Hybrid
1.5. Global Electric Axle Drive Consumption Comparison by End User: 2020 VS 2027
1.5.1. Passenger vehicles
1.5.2. Commercial vehicles
1.6. Global Electric Axle Drive Market Size Estimates and Forecasts by Region: 2020 VS 2027
1.6.1. North America Electric Axle Drive Estimates
1.6.2. Europe Electric Axle Drive Estimates
1.6.3. China Electric Axle Drive Estimates
1.6.4. Japan Electric Axle Drive Estimates
2. Market Competition by Manufacturers
2.1. Global Electric Axle Drive Revenue Market Share by Manufacturers (2020)
2.2. Electric Axle Drive Market Share by Company Product Type (Tier 1, Tier 2 and Tier 3)
2.3. Global Electric Axle Drive Average Price by Manufacturers (2016-2021)
2.4. Manufacturers Electric Axle Drive Production Sites, Area Served, Product Types
2.5. Electric Axle Drive Market Competitive Situation and Trends
2.5.1. Electric Axle Drive Market Concentration Rate
2.5.2. Mergers & Acquisitions, Expansion
3. Global Electric Axle Drive Consumption by Region (2016-2021)
3.1. Global Electric Axle Drive Consumption by Region
3.2. Global Electric Axle Drive Consumption Market Share by Region
3.2.1. North America
3.2.2. North America Electric Axle Drive Consumption Growth Rate (2016-2021)
3.2.3. North America Electric Axle Drive Consumption, Price and Gross Margin (2016-2021)
3.2.4. North America Electric Axle Drive Consumption by Country
3.2.4.1. U.S.
3.2.4.2. Canada
3.2.5. Europe
3.2.6. Europe Electric Axle Drive Consumption Growth Rate (2016-2021)
3.2.7. Europe Electric Axle Drive Consumption, Price and Gross Margin (2016-2021)
3.2.8. Europe Electric Axle Drive Consumption by Country
3.2.8.1. Germany
3.2.8.2. U.K.
3.2.8.3. France
3.2.8.4. Italy
3.2.8.5. Spain
3.2.9. Asia Pacific
3.2.10. Asia Pacific Electric Axle Drive Consumption Growth Rate (2016-2021)
3.2.11. Asia Pacific Electric Axle Drive Consumption, Price and Gross Margin (2016-2021)
3.2.12. Asia Pacific Electric Axle Drive Consumption by Country
3.2.12.1. China
3.2.12.2. India
3.2.12.3. Japan
3.2.12.4. Indonesia
3.2.12.5. Malaysia
3.2.12.6. Australia
3.2.12.7. South Korea
3.2.13. South America
3.2.14. South America Electric Axle Drive Consumption Growth Rate (2016-2021)
3.2.15. South America Electric Axle Drive Consumption, Price and Gross Margin (2016-2021)
3.2.16. South America Electric Axle Drive Consumption by Country
3.2.16.1. Brazil
3.2.16.2. Mexico
3.2.16.3. Argentina
3.2.17. Middle East and Africa
3.2.18. Middle East and Africa Electric Axle Drive Consumption Growth Rate (2016-2021)
3.2.19. Middle East and Africa Electric Axle Drive Consumption, Price and Gross Margin (2016-2021)
3.2.20. Middle East and Africa Electric Axle Drive Consumption by Country
3.2.20.1. Saudi Arabia
3.2.20.2. Kuwait
3.2.20.3. UAE
3.2.20.4. South Africa
4. Global Electric Axle Drive Consumption by Motor Type (2016-2021)
4.1. Global Electric Axle Drive Price by Motor Type (2016-2021)
4.2. Global Electric Axle Drive Revenue Market Share by Motor Type (2016-2021)
4.2.1. Permanent magnet ac motors
4.2.2. Brushless dc motors
4.2.3. Others
5. Global Electric Axle Drive Consumption by Vehicle Type (2016-2021)
5.1. Global Electric Axle Drive Price by Vehicle Type (2016-2021)
5.2. Global Electric Axle Drive Revenue Market Share by Vehicle Type (2016-2021)
5.2.1. Electric
5.2.2. Hybrid
6. Global Electric Axle Drive Consumption by End User (2016-2021)
6.1. Global Electric Axle Drive Price by End User (2016-2021)
6.2. Global Electric Axle Drive Revenue Market Share by End User (2016-2021)
6.2.1. Passenger vehicles
6.2.2. Commercial vehicles
7. Key Companies Profiled
7.1. Dana
7.1.1. Dana Electric Axle Drive Corporation Information
7.1.2. Dana Electric Axle Drive Product Portfolio
7.1.3. Dana Electric Axle Drive Consumption, Price and Gross Margin (2016-2021)
7.1.4. Dana Main Business and Markets Served
7.1.5. Dana Recent Developments/Updates
7.2. GKN
7.3. American Axle & Manufacturing
7.4. UQM Technologies
7.5. Robert Bosch GmbH
7.6. ZF Friedrichshafen AG
7.7. GKN Plc
7.8. Magna International Inc.
7.9. Schaeffler Technologies AG & Co. KG
7.10. Continental AG
7.11. Bonfiglioli Riduttori S.P.A.
7.12. Borgwarner Inc.
7.13. Ziehl Abegg SE
8. Marketing Channel, Distributors and Customers
8.1. Marketing Channel
8.2. Electric Axle Drive Distributors List
8.3. Electric Axle Drive Customers
9. Market Dynamics
9.1. Electric Axle Drive Industry Trends
9.2. Electric Axle Drive Growth Drivers
9.3. Electric Axle Drive Market Challenges
9.4. Electric Axle Drive Market Restraints
10. Global Electric Axle Drive Consumption and Demand Forecast, by Region (2022-2027)
10.1. Global Forecasted Demand Analysis of Electric Axle Drive, by Regions and Country
10.1.1. North America Forecasted Consumption of Electric Axle Drive by Country
10.1.2. Europe Market Forecasted Consumption of Electric Axle Drive by Country
10.1.3. Asia Pacific Market Forecasted Consumption of Electric Axle Drive by Region
10.1.4. Latin America Forecasted Consumption of Electric Axle Drive by Country
10.1.5. Middle East and Africa Forecasted Consumption of Electric Axle Drive by Country
11. Global Electric Axle Drive Consumption and Demand Forecast, by Motor Type Segments (2022-2027)
11.1. Global Forecasted Consumption of Electric Axle Drive by Motor Type Segments (2022-2027)
11.2. Global Consumption and Price Forecast by Motor Type Segments (2022-2027)
11.3. Global Forecasted Growth Rate of Electric Axle Drive by Motor Type Segments (2022-2027)
12. Global Electric Axle Drive Consumption and Demand Forecast, by Vehicle Type Segments (2022-2027)
12.1. Global Forecasted Consumption of Electric Axle Drive by Vehicle Type Segments (2022-2027)
12.2. Global Consumption and Price Forecast by Vehicle Type Segments (2022-2027)
12.3. Global Forecasted Growth Rate of Electric Axle Drive by Vehicle Type Segments (2022-2027)
13. Global Electric Axle Drive Consumption and Demand Forecast, by End User Segments (2022-2027)
13.1. Global Forecasted Consumption of Electric Axle Drive by End User Segments (2022-2027)
13.2. Global Consumption and Price Forecast by End User Segments (2022-2027)
13.3. Global Forecasted Growth Rate of Electric Axle Drive by End User Segments (2022-2027)
14. Research Finding and Conclusion
15. Methodology and Data Source
15.1. Methodology/Research Approach
15.1.1. Research Programs/Design
15.1.2. Market Size Estimation
15.1.3. Market Breakdown and Data Triangulation
15.2. Data Source
15.2.1. Secondary Sources
15.2.2. Primary Sources
15.3. Author List
15.4. Disclaimer
Research Methodology
Our research studies are primarily performed in five phases which include Secondary Research, Primary Research, Subject Matter Expert Advice, Quality Check, and Final Review. The process opted for conducting thorough research to make authentic business reports is briefly described below-
Secondary Research-
- Based on the understanding of requirements, we conducted secondary research to identify the Segment specifications, qualitative and quantitative data along with the factors responsible for the growth of the market.
- The secondary sources referred for the study include press releases, company annual reports, and research papers related to the industry.
- Various sources such as industry magazines, trade journals, government websites, and associations were also reviewed for gathering precise analysis on opportunities for business expansions in the market.
- Moreover, quantitative as well as qualitative data were also extracted from paid databases, which included Reuters, Factiva, Bloomberg, One Source, and Hoovers, which proved to be useful for in-depth technical study of the market.
Primary Research-
- The research carried out during the desk research was verified by primary interviews. Primary research was scheduled with a number of industry experts for conducting telephonic interviews, and also our team send questionnaires through their official emails.
- The secondary data collected was then verified by various industry participants which included Segment managers, marketing managers, VPs, CEOs, purchasing managers, subject matter experts.
- An interview with the mentioned participants aids invalidation of our research findings regarding the Segment.
- It helps in the provision of first-hand data on factors such as market size, growth, regional trends, market trends, and competition in the industry. This approach makes our findings precise in order to help our clients in strategic decision-making processes.
Subject Matter Advice-
- The secondary and primary research key findings were then validated by the in-house subject matter experts having extensive experience in the market research industry.
- Specific requirements of the clients were reviewed by the experts to check for completion of the market study. Experts help in channelizing the representation skills of the analyst in terms of providing data that can be easily understood by our customers.
Quality Check-
- The analysis done by the research team was further reviewed to check for data accuracy provided to suit the clients’ specific requirements.
- This revision was done in various phases to check the data authenticity and to remove negligible errors in the final compilation.
Final Review-
- After the quality check, a final review of the report was done to look after the presentation, formatting, and to recheck if all the requirements of the clients were addressed. The next phase remains dispatch of the report to the client.
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