Electric Axle Drive Systems Market 2018 Global Analysis By Size, Share, Trends, Key Players - Bosch, American Axle, ZF Friedrichshafen, GKN, Magna, Schaeffler, Continental, Bonfiglioli Riduttori, Borgwarner, Ziehl Abegg To 2023

April. 4, 2018 (NEWS) -- Electric Axle Drive Systems Market Research Report 2018 expands information on Electric Axle Drive Systems Market by System Type (Electric Systems, Hybrid Electric Systems), By Vehicle Type (Passenger Cars, Light Commercial Vehicles and Heavy Commercial Vehicles) and by Regions. The global market of Electric Axle Drive Systems will grow at a rapid pace over the forecast period.

Global automakers are increasingly introducing the electric cars to tackle the vehicle emission problems and reduce pollution. This has resulted in electric cars being increasingly affordable and commercially competitive with the conventional gasoline cars. One of the major drawbacks of the electric cars is the complexity of its drive and power train systems. The manufacturing of the individual components of these systems is highly costly and requires more time to test and implement the technology.

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Electric Axle Drive Systems Market Companies Analyzed in report:

Robert Bosch GmbH (Germany), American Axle & Manufacturing Holdings, Inc.(U.S.), ZF Friedrichshafen AG (Germany), GKN Plc (U.K.), Magna International Inc. (Canada), Schaeffler Technologies AG & Co. KG (Germany), Continental AG (Germany), Bonfiglioli Riduttori S.P.A. (Italy), Borgwarner Inc. (U.S.) and Ziehl Abegg SE (Germany).

Electric Axle Drive Systems are drive systems that are majorly used in the electrical and hybrid electric vehicles. These systems are developed for all vehicle segments and for both front and rear wheel drives. The use of Electric Axle Drive Systems enables high flexibility and adaptation to suit various engines and transmissions. The electric axle drives also incorporate several drive components which increases safety and enable smooth drivability of vehicles. The market is expected to reach USD 8,226.3 million by 2023 and is expected to grow at a CAGR of 12.31% during the forecast period. Global major automakers are increasingly speeding up the electrical vehicle production because of rise in demand for electric vehicles and the obligation to reduce the carbon emissions from vehicle operations. For the future mobility solutions of the electric vehicles, electric axle drive systems are considered as the way forward. The predominant driver for the market is the ability of electric drive systems to integrate wheel hub and all components required for drive such as drive and deceleration, driving safety into single a unit. Other major driver for the market is the ability of automakers to design and adapt the electric drive systems based on specific vehicle requirements such as for passenger cars and commercial vehicles.

Market Segmentation:

Electric Axle Drive Systems Market segmentation by type (Tempered glass, Laminated glass), by vehicle type (Passenger car, Light commercial vehicle, Heavy Commercial vehicle), By Application (Windscreen, Sidelite, Backlite, Sunroof).

Geographic Analysis:

Geographically, Asia Pacific region is expected to dominate the electrical axle drive systems market owing to increased electric car sales in countries such as China, Japan, South Korea and India. Many countries in the region are rapidly adopting to the introduction of electric cars as they are less polluting and has reduced environmental impact. This further enables them to tackle pollution emission problems and are further motivated by the generous tax systems for electric cars. The North America and Europe region closely follow the Asia Pacific region in the adaptation of electric cars. The electric cars are increasingly becoming cheaper in these regions and are on par with the conventional gasoline vehicles for performance and range.

Target Audience of Report:

Organizations

Manufacturer

Research Institute / Education Institute

Potential Investors

This study provides an overview of the global electric axle drive systems market, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia-Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global electric axle drive systems market by system type, by vehicle type and by regions.

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