Press release
E-Drive Market 2018 Key Country Analysis To 2023: Global Size, Trends, And Key Players ZF Friedrichshafen, Bosch, SMR, GKN, AVL, Magnetic, ACTIA, BorgWarner, SIEMENS, And ABM Greiffenberger
E-Drive market is segmented by Drive type (Front Wheel Drive, Rear Wheel Drive and All Wheel Drive), By Electric Vehicle Type (BEV, HEV and PHEV), By Electrical Vehicle Type (Battery Electric Vehicles, Hybrid Electric Vehicles and Plug-In Hybrid Electric Vehicles), By Region.
E-Drive Market Key Companies Analyzed In Report Are:
ZF Friedrichshafen (Germany), Robert Bosch AG (Germany), SMR (India), GKN PLC (U.K.), AVL List Gmbh (Austria), Magnetic Systems Technology(Magtec) (U.K.), ACTIA Group (France), BorgWarner (U.S.), SIEMENS AG (Germany), ABM Greiffenberger (Germany).
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Market Scenario:
An e-drive is the advanced version of the traditional electric drive system. It includes a battery, electric brake booster, motor generator, and power booster. With respect to the current scenario of the global e-drive for automotive market, Market Research future (MRFR) has published a report asserting the global e-drive for automotive market to expand significantly during the forecast period and is anticipated to reach over USD 19,400 Mn by the end of 2023 from USD 8,588.8 Mn in 2017.
Market Drivers and Restraints:
The rapid technological development in automotive industry and increase in demand for electric vehicles are some of the major factors driving the global e-drive for automotive market. The increasing demand for electric vehicles all around the world has opened a broad pathway for e-drive systems in the automotive industry. The implementation of the strict regulatory framework for the reduction of carbon emission by automobiles is fueling the expansion of e-drive for automotive market, globally. The focus of automotive manufacturers towards the overall weight reduction of the vehicle is leading to the upsurge in demand for smart e-drive systems in automotive industry. The features of e-drive systems such as high reliability, higher torque reduction, compact size and more inbuilt functionalities are anticipated to boost the global e-drive for automotive market during the forecast period. The rapid adoption of advanced technology by the automotive industry is providing lucrative opportunities for the expansion of the global e-drive for automotive market. The rise in demand for increased internal vehicle space is propelling the global e-drive for automotive market towards higher verticals.
On the flip side, the lack of charging infrastructure and the high cost of the e-drive systems are likely to hinder the growth of the global e-drive for automotive market.
Market Segmentation:
The global e-drive for automotive market has been segmented on the basis of drive type, product, electric vehicle type, and region. By drive type, the e-drive for automotive market is segmented into front wheel drive, rare wheel drive and all-wheel drive. Among these, the all-wheel drive segment is anticipated to project the fastest growth during the forecast period. The all-wheel drive is a combination of front wheel drive and rare wheel drive and the incorporation of all-wheel drive in SUVs and MUVs is propelling the expansion of this segment in the global e-drive for automotive market.
The product segment of the global e-drive for automotive market includes power electronics, e-brake booster, battery, and motor. Among these products, the battery segment accounts for the largest market share in the global e-drive for automotive market and is anticipated to expand rapidly owing to the factor that the battery is the power source of the e-drive system and is extensively used for supplying power to the entire system.
Based on electric vehicle type, the global e-drive for automotive market is segmented into battery electric vehicles, hybrid electric vehicles, and plug-in hybrid electric vehicles.
Detailed Regional Analysis:
Geographically, the global e-drive for automotive market is segmented into five major regions such as North America, Europe, Asia-Pacific (APAC), South America and the Middle East and Africa. Among these regions, Europe accounts for the largest market share in the global e-drive for automotive market due to the rapid expansion of automotive industry and high adoption rate of e-drive systems in this region. The e-drive for automotive market in this region is also anticipated to grow during the forecast period due to the implementation of government subsidies on electric vehicles. Significant growth of the global e-drive for automotive market is projected in the North America region due to the rapid adoption of electric vehicles in this region. The presence of leading electric vehicle manufacturers in China and stronghold of Japan over automotive sector are acting as driving forces for the expansion of the e-drive for automotive market in the Asia-Pacific region.
Competitive Analysis:
The increasing investment of major players in research and development for new product launch is triggering competition in the global e-drive for automotive market. In June 2018, ZF Friedrichshafen (Germany) has introduced e-drive solutions such as AVE 130 electric portal axle and the new CeTrax electric central drive for city buses and transport trucks in order to make the transition of these vehicles to zero-emission city buses and low emission logistic transport trucks.
List of Tables:
TABLE 1 MARKET SYNOPSIS
TABLE 2 LIST OF ASSUMPTIONS
TABLE 3 GLOBAL E-DRIVE FOR AUTOMOTIVE MARKET, BY DRIVE TYPE, 2016-2023 (USD MILLION)
TABLE 4 GLOBAL E-DRIVE FOR AUTOMOTIVE MARKET, BY PRODUCT, 2016-2023 (USD MILLION)
TABLE 5 GLOBAL E-DRIVE FOR AUTOMOTIVE MARKET, BY ELECTRIC VEHICLE TYPE, 2016-2023 (USD MILLION)
TABLE 6 GLOBAL E-DRIVE FOR AUTOMOTIVE MARKET, BY REGION, 2016-2023 (USD MILLION)
TABLE 7 NORTH AMERICA: E-DRIVE FOR AUTOMOTIVE MARKET, BY COUNTRY, 2016-2023 (USD MILLION)
TABLE 8 NORTH AMERICA: E-DRIVE FOR AUTOMOTIVE MARKET, BY DRIVE TYPE, 2016-2023 (USD MILLION)
TABLE 9 NORTH AMERICA: E-DRIVE FOR AUTOMOTIVE MARKET, BY PRODUCT, 2016-2023 (USD MILLION)
TABLE 10 NORTH AMERICA: E-DRIVE FOR AUTOMOTIVE MARKET, BY ELECTRIC VEHICLE TYPE, 2016-2023 (USD MILLION)
List of Figures:
FIGURE 1 GLOBAL E-DRIVE FOR AUTOMOTIVE MARKET: MARKET STRUCTURE
FIGURE 2 KEY TAKEAWAYS OF THE E-DRIVE FOR AUTOMOTIVE MARKET
FIGURE 3 KEY BUYING CRITERIA OF E-DRIVE FOR AUTOMOTIVE
FIGURE 4 NORTH AMERICA MARKET SIZE & MARKET SHARE BY COUNTRY (2017 VS 2023)
FIGURE 5 EUROPE MARKET SIZE & MARKET SHARE BY COUNTRY (2017 VS 2023)
FIGURE 6 ASIA-PACIFIC & MARKET SHARE BY COUNTRY (2017 VS 2023)
FIGURE 7 ROW MARKET SIZE & MARKET SHARE BY COUNTRY (2017 VS 2023)
FIGURE 8 RESEARCH PROCESS OF MRFR
FIGURE 9 TOP DOWN & BOTTOM UP APPROACH
FIGURE 10 DROC ANALYSIS OF GLOBAL E-DRIVE FOR AUTOMOTIVE MARKET
Browse more on “E-Drive Market Research Report- Forecast 2023” at: https://www.marketresearchfuture.com/reports/edrive-automotive-market-5073
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Contact Us:
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Magarpatta Road, Hadapsar
Pune - 411028
Maharashtra, India+1 646 845 9312
sales@marketresearchfuture.com
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