According to the latest report by IMARC Group, titled, “E-Axle Market Trends: Global Industry, Share, Size, Growth, Opportunity and Forecast 2022-2027“, the global E-axle market reached a value of US$ 2.88 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 9.42 Billion by 2027, exhibiting at a CAGR of 21.49% during 2022-2027.
An e-axle refers to an electro-mechanical propulsion system equipped with axle structures, electric motors, power electronics, and transmission units. It acts as a compact and cost-efficient electric drive solution for battery electric vehicles (BEVs). E-axles are manufactured utilizing lightweight and high-strength metals, such as aluminum. They assist in reducing the complexity of BEVs and customizing power, torque, installation space, etc. Automotive Original Equipment Manufacturers (OEMs) rely on e-axle solutions to make optimum usage of the internal volume of vehicles for extra battery capacity and passenger space.
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Market Trends
The rising popularity of electric vehicles (EVs) is one of the key factors driving the e-axle market. In line with this, the elevating levels of urbanization and the inflating income levels of consumers are further catalyzing the market growth. Additionally, the growing consumer awareness towards the harmful effects of fossil fuel-based automobiles on human health and the climate is also propelling the product demand. Besides this, the expanding utilization of e-axles to enhance energy efficiency and improve the noise, vibration and harshness (NVH) performance is acting as another significant growth-inducing factor. Moreover, various government bodies across several countries are regulating or banning the sales of fossil fuel-based passenger cars to minimize vehicle-based carbon emissions, which is further augmenting the global market. Apart from this, numerous prominent manufacturers are focusing on developing advanced product variants that are equipped with high-strength casings and can also accommodate high torque and input speeds. This, in turn, is projected to bolster the global e-axle market over the forecasted period.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
- AVL List GmbH
- Axletech International (Meritor Inc)
- Borgwarner Inc
- Continental AG
- Dana Incorporated
- GKN Plc (Melrose Industries)
- Nidec Corporation
- Robert Bosch GmbH
- Schaeffler Technologies AG & Co. KG
- ZF Friedrichshafen AG (Zeppelin-Stiftung).
The report has segmented the market based on component type, vehicle type and drive type.
Breakup by Component Type:
- Combining Motors
- Power Electronics
- Transmission
- Others
Breakup by Vehicle Type:
- ICE Vehicles
- Passenger Vehicle
- Commercial Vehicle
- Electric Vehicle
Breakup by Drive Type:
- Forward Wheel Drive
- Rear Wheel Drive
- All Wheel Drive
Breakup by Region:
- North America
- Asia-Pacific
- Europe
- Latin America
- Middle East and Africa
Table of Content:
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global E-Axle Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Component Type
6.1 Combining Motors
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Power Electronics
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Transmission
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Others
6.4.1 Market Trends
6.4.2 Market Forecast
7 Market Breakup by Vehicle Type
7.1 ICE Vehicles
7.1.1 Market Trends
7.1.2 Key Segments
7.1.2.1 Passenger Vehicle
7.1.2.2 Commercial Vehicle
7.1.3 Market Forecast
7.2 Electric Vehicle
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Drive Type
8.1 Forward Wheel Drive
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Rear Wheel Drive
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 All Wheel Drive
8.3.1 Market Trends
8.3.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 AVL List GmbH
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.1.3 Financials
14.3.2 Axletech International (Meritor Inc)
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.3 Borgwarner Inc
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 Financials
14.3.3.4 SWOT Analysis
14.3.4 Continental AG
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.5 Dana Incorporated
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.5.3 Financials
14.3.5.4 SWOT Analysis
14.3.6 GKN Plc (Melrose Industries)
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.6.3 Financials
14.3.7 Nidec Corporation
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.7.3 Financials
14.3.7.4 SWOT Analysis
14.3.8 Robert Bosch GmbH
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.8.3 Financials
14.3.9 Schaeffler Technologies AG & Co. KG
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.9.3 Financials
14.3.10 ZF Friedrichshafen AG (Zeppelin-Stiftung)
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.10.3 Financials
14.3.10.4 SWOT Analysis
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