Press release
Global Automotive Electric Drive Axle Market - By System Type (Electric Axle, Hybrid Axle), By Vehicle Type (Passenger Vehicle, Hybrid Vehicle, Commercial Vehicle) || Key Players - Continental AG, GKN plc., Magna International Inc., ZF Friedrichshafen AG
MRRSE
The study provides a decisive view of the global automotive electric drive axle market by segmenting it in terms of system type, end-users, vehicle type, and region. These segments have been analyzed based on present and future trends. Regional segmentation includes the current and forecast demand for automotive electric drive axle in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report also covers demand for individual application segments in all the regions.
Automotive electric drive axle is an advancement to the conventional axle that is used to transmit power generated by the electric motor to the driving wheels. The electric drive axle uses an electric motor as its power source unlike the conventional internal combustion engine and the market for the same is flourishing on the back of increased emphasis on reducing pollution. According to this business intelligence report, the demand in the global automotive electric drive axle market will expand at a phenomenal CAGR of 36.84% during the forecast period to 2025. The analysts of the report have estimated that the opportunities in the global automotive electric drive axle market will translate into a revenue of US$6.35 bn in 2025, substantially up from its evaluated worth of merely US$0.4 bn in 2016.
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The study includes profiles of major companies operating in the global automotive electric drive axle market. Key players in the automotive Electric drive axle market include Continental AG, GKN plc, Magna International Inc., ZF Friedrichshafen AG, American Axle & Manufacturing Inc., BONFIGLIOLI RIDUTTORI S.P.A., ZIEHL-ABEGG, BENEVELLI SRL, F P W Axles Ltd., AXLETECH INTERNATIONAL. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, recent developments, and SWOT analysis. The market for automotive electric drive axle is primarily driven by rising demand for non-polluting alternative.
The report provides the estimated market size of automotive electric drive axle for 2016 and forecast for the next nine years. The global market size of automotive electric drive axle has been provided in terms of revenue and volume. Market numbers have been estimated based on key system type, end-users, vehicle type, and regional segments of automotive electric drive axle market. Market size and forecast for each major system type, end users, and vehicle type have been provided in terms of global and regional/country markets.
In order to compile the research report, we conducted in-depth interviews and discussions with a number of key industry participants and opinion leaders. Primary research represents the bulk of research efforts, supplemented by extensive secondary research. We reviewed key players’ product literature, annual reports, press releases, and relevant documents for competitive analysis and market understanding. Secondary research also includes a search of recent trade, technical writing, internet sources, and statistical data from government websites, trade associations, and agencies. This has proven to be the most reliable, effective, and successful approach for obtaining precise market data, capturing industry participants’ insights, and recognizing business opportunities.
Secondary research sources that are typically referred to include, but are not limited to company websites, annual reports, financial reports, broker reports, investor presentations, and SEC filings, internal and external proprietary databases, and relevant patent and regulatory databases, national government documents, statistical databases, and market reports, news articles, press releases, and webcasts specific to companies operating in the market, National government documents, statistical databases, and market reports, American Automobile Association, European Automobile Manufacturers Association, Automotive Research Association of India, Organisation Internationale des Constructeurs d'Automobile (OICA), Factiva, etc.
Browse Complete Report with TOC @ https://www.mrrse.com/automotive-electric-drive-axle-market
Primary research involves e-mail interactions, telephonic interviews, and face-to-face interviews for each market, category, segment, and sub-segment across geographies. We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate the data and analysis. Primary interviews provide firsthand information on market size, market trends, growth trends, competitive landscape, and outlook, etc. These help validate and strengthen secondary research findings. These also help develop the analysis team’s expertise and market understanding.
The automotive electric drive axle market has been segmented as follows:
Global Automotive Electric Drive Axle Market: By System Type
Electric Axle
Hybrid Axle
Global Automotive Electric Drive Axle Market: By End-User
OEM
Aftermarket
Global Automotive Electric Drive Axle Market: By Vehicle Type
Passenger Vehicle
Battery Electric Vehicle
Plug in Hybrid Vehicle
Hybrid Vehicle
Commercial Vehicle
Buses & Coaches
Global Automotive Electric Drive Axle Market: By Region
North America
U.S.
Canada
Europe
Germany
U.K.
France
Italy
Spain
Rest of Europe
Asia Pacific
China
India
Japan
ASEAN
Rest of Europe
Middle East & Africa
GCC
South Africa
Rest of Middle East and Africa
Latin America
Brazil
Mexico
Rest of Latin America
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