The global increase in the sales of electric and hybrid automobiles is creating a new demand for the Automotive e-axle market. Customers’ preferences for new energy vehicles such as battery electric vehicles (BEVs) and hybrid electric vehicles (HEVs) are increasing as a result of increased awareness of the benefits of electric vehicles, which is expected to drive the growth of the automotive e-axle markets. There is a substantial increase in the Trends towards electric automobiles among consumers worldwide, which is feeling the market’s expansion.
Automotive E-axle Market Scope:
This market report discusses new recent developments, trade regulations, import-export analysis, production analysis, value chain optimisation, market share, the impact of domestic and localised market players, emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, and geographic expansion. Please contact Stellar Market Research for an Analyst Brief for more information on the Automotive E-axle market; our specialists will aid you in making an informed market choice to achieve market growth.
Automotive E-axle Market Overview:
The Automotive E-axle Market competitive landscape extracts information from a competitor. The facts include a corporate overview, financials, revenue generated, market potential, investment in research and development, new market initiatives, geographical presence, firm strengths and weaknesses, product introduction, product width and breadth, and application dominance. The preceding data points are only relevant to the firms’ concentrate on the Automotive E-axle market.
Automotive E-axle Market Size was valued at USD 9.61 billion in 2021. The global Automotive e-axle Market size is estimated to grow at a CAGR of 31.1 % over the forecast period.
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Automotive E-axle Market Segmentation:
The Automobile e-axle Market is divided into two categories: passenger automobiles and commercial vehicles. Passenger cars have dominated the market, accounting for 42% of the total in 2021. The government’s rising incentives and subsidies are credited to the segment’s rise. Furthermore, the lower emissions from electric vehicles are one of the primary factors driving up passenger car sales. These are the variables that will drive the growth of this segment throughout the forecast period.
The Automobile e-axle Market is divided into three segments based on drive type: all-wheel drive (AWD), front-wheel drive (FWD), and rear-wheel drive (RWD). Front-wheel drive (FWD) has dominated the market, accounting for 41% in 2021. This is due to the unique characteristics of front-wheel drive, such as lesser weight, higher traction, and far cheaper cost and complexity in terms of design and setup. These are the variables that will drive the growth of this segment throughout the forecast period.
The Automobile e-axle Market is divided into two categories: battery electric vehicles (BEV) and plugin hybrid electric vehicles (PHEV). The battery electric vehicle sector is estimated to increase at a CAGR of 13.96% during the forecast period, accounting for 40% of the market in 2021. This is due to the unique characteristics supplied, such as improved efficiency, cheaper total ownership cost over time, and less maintenance than the plugin Hybrid electric vehicle (PHEV). These reasons are causing this segment to increase throughout the focal period.
Key Players:
Dena Limited (Ohio, U.S.)
Robert Bosch GmbH (Gerlingen, Germany)
GKN Automotive Limited (London, U.K.)
Nidec Corporation (Kyoto, Japan)
ZF Friedrichafen AG (Friedrichafen, Germany)
Continental AG (Hanover, Germany)
Schaeffler AG (Herzogenaurach, Germany)
AxleTech (Michigan. U.S)
Regional Analysis:
Individual market influencing aspects and changes in legislation in the market that effect existing and future market trends are also included in the regional component of the research. Data points such as downstream and upstream value chain analysis, technology trends, porter’s five forces analysis, and case studies are only a few of the indicators used to forecast the market scenario for various countries.
COVID-19 Market Impact Analysis:
The research also addresses the impact of COVID-19 on the Automotive E-axle market. The fundamental purpose of this study is to help the user understand the market in terms of definition, segmentation, market potential, significant trends, and industry challenges across 10 key regions. The study provides a micro and macroeconomic analysis of the total impact of COVID-19 on the Automotive E-axle Market. The detailed report focuses on market share and size, which clearly demonstrates the influence that the pandemic has had and will have on the worldwide Health Insurance Market in the next few years.
Key Questions Answered in the Automotive E-axle Market Report are:
- What will be the CAGR of the Automotive E-axle market during the forecast period (2021-2027)?
- Which segment emerged as the leading segment in the Automotive E-axle market?
- Which are the prominent players in the Automotive E-axle market?
- What key trends are likely to emerge in the Automotive E-axle market in the forecast period?
- What will be the Automotive E-axle market size by 2027?
- Which company held the largest share in the Automotive E-axle market in 2020?
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About Stellar Market Research
Established in 2018, Stellar Market Research is India Based consulting and advisory firm focused on helping clients to reach their business transformation objectives with advisory services and strategic business. The company’s vision is to be an integral part of the client’s business as a strategic knowledge partner. Stellar Market Research provides end-to-end solutions that go beyond key research technologies to help executives in any organization achieve their mission-critical goals. The company has clients from all across the globe, 23 % from India and others from Japan, Korea, Germany, United States, etc. The company uses its extensive industry knowledge, strong network, and know-how to provide complete insights that give clients a competitive advantage.
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