Automotive e-axle Market Overviews
automotive e-axle Market was valued at USD 21.63 billion in 2023. The global Automotive e-axle Market size is estimated to grow at a CAGR of 31.1 % over the forecast period.
The automobile e-axle is an electromagnetic propulsion system that combines electric motor components with axle structures and transmission units. This compact and cost-effective solution serves as an efficient electric drive for battery-powered plug-in hybrid electric vehicles (PHEVs) and hybrid applications.
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Automotive e-axle Market Scope and Methodology:
The increasing sales of electric and hybrid vehicles worldwide are generating significant demand for the automotive e-axle market. Consumers are showing a growing preference for new energy vehicles, such as battery electric vehicles (BEVs) and hybrid electric vehicles (HEVs), driven by heightened awareness of the benefits associated with electric vehicles. This shift in consumer behavior is expected to propel the growth of the automotive e-axle market. Additionally, the rising trend of electric vehicle adoption among consumers globally is contributing to the market’s expansion.
Automotive e-axle Market Regional Insights
The European region held the largest market share accounting for 46.1% in 2023. This is because of the increasing stringency of the zero-carbon emission target and the implementation of decarbonization strategies like the European Union sustainable and smart mobility strategy and action plan and the European Union green deal will fuel the market growth in this region. These are the factors that are increasing the demand for the Automobile e-axle Market through the forecast period.
Automotive e-axleMarket Segmentation
The Automobile e-axle Market is categorized by vehicle type into Passenger Cars and Commercial Vehicles. As of 2023, Passenger Cars hold the largest market share, accounting for 42%. This segment’s growth can be attributed to various government incentives and subsidies that promote electric vehicle adoption. Additionally, the lower emissions associated with electric vehicles play a significant role in driving the sales of passenger cars. These factors are expected to contribute to the continued growth of this segment throughout the forecast period.
Automotive e-axle Market 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)
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Key questions answered in the Automotive e-axle Market are:
- What is Automotive e-axle ?
- What was the Automotive e-axle market size in 2023?
- What is the growth rate of the Automotive e-axle Market?
- Which are the factors expected to drive the Automotive e-axle market growth?
- What are the different segments of the Automotive e-axle Market?
- What growth strategies are the players considering to increase their presence in Automotive e-axle ?
- What are the upcoming industry applications and trends for the Automotive e-axle Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Automotive e-axle Market?
- Who are the leading companies and what are their portfolios in Automotive e-axle Market?
- What segments are covered in the Automotive e-axle Market?
- Who are the key players in the Automotive e-axle market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by Different Segment | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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