Global E-Axle Market, By Drive Type (Forward Wheel Drive, Rear Wheel Drive, All-wheel Drive), Component (Combining Motors, Power Electronics, Transmission, Others), Vehicle Type (Passenger Vehicle, Commercial vehicle, Electric Vehicle), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029.
Market Analysis and Insights Global E-Axle Market
The e-axle market is expected to witness market growth at a rate of 24.20% in the forecast period of 2022 to 2029. Data Bridge Market Research report on e-axle market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the automotive sector globally is escalating the growth of e-axle market.
E-Axle refers to an electro-mechanical propulsion system that is generally equipped with electric motor, transmission units, axle structures and power electronics. This device is known to acts as a cost-attractive and compact solution for battery-electric vehicles and hybrid applications. The system is utilized in conjunction with a conventional ICE or hybrid powertrain.
The increase in demand for electric vehicles across the globe acts as one of the major factors driving the growth of e-axle market. The rise in demand for the system for the purpose of combining other several elements such as differential and power inverter that allows simplified integration and neat packaging accelerate the market growth. The increase in demand for structurally safe, cost-effective chassis and lightweight systems owning to the high focus on the development of technologically-advanced products among manufacturers further influence the market. Additionally, implementation of government policies and regulations, rise in partnerships among public and private sectors to support the deployment of the systems and growing adoption of automotive e-axles in the light commercial vehicle sector positively affect the e-axle market. Furthermore, introduction of automotive e-axles for heavy commercial vehicles and improvements in the design of e-axles extend profitable opportunities to the market players in the forecast period of 2022 to 2029.
On the other hand, high cost associated with the electric axle drive system is expected to obstruct the market growth. The stringent regulations are projected to challenge the e-axle market in the forecast period of 2022-2029.
This e-axle market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on e-axle market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global E-Axle Market Scope and Market Size
The e-axle market is segmented on the basis of drive type, component and vehicle type. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of component, the e-axle market is segmented into forward wheel drive, rear wheel drive and all-wheel drive.
- On the basis of component, the e-axle market is segmented into combining motors, power electronics, transmission and others.
- On the basis of vehicle type, the e-axle market is bifurcated into passenger vehicle, commercial vehicle, and electric vehicle.
E-Axle Market Country Level Analysis
The e-axle market is analyzed and market size, volume information is provided by country, drive type, component and vehicle type as referenced above.
The countries covered in the global e-axle market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific is expected to dominate the e-axle market due to the high economic growth in the developing countries within the region. Europe is expected to witness high growth during the forecast period of 2022 to 2029 because of the change in regulations in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and E-Axle Market Share Analysis
The e-axle market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to e-axle market.
Some of the major players operating in the e-axle market report are AxleTech International, LLC, BorgWarner Inc., Continental AG, Dana Limited., GKN, Schaeffler AG, Robert Bosch GmbH, NIDEC CORPORATION, ZF Friedrichshafen AG, AVL, Linamar, Magna International Inc., Loccioni, Meritor, Inc., and Automotive Axles Limited, among others.