E-Drive for Automotive Market To See Huge Growth & Profitable Business | Key Players - Continental AG, ZF Friedrichshafen AG, Siemens AG, GKN PLC, Hitachi, Ltd., Magna International Inc., Magnetic Systems Technology

E-Drive for Automotive Market Outlook – 2027

A smart e-drive for automotive is an advance integrated version of the conventional electric drive system. An e-drive is an electromechanical device used for changing over electrical energy into mechanical energy that provides movement to the wheels of vehicles. E-drive uses battery as the power source and provides a direct transmission in the vehicle, which makes driving smooth and safe on the road. The e-drive for cars comprises a battery, engine, control gadgets, motor-generator electric brake booster, and power booster. It helps to save energy and improves the efficiency of the vehicle.

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Covid-19 Scenario Analysis
• The emergence of novel coronavirus has affected the global economy, industry dynamics, and the company’s top line, which is expected to take a long time to revive back to normal.
• The entire ecosystem has to suffer the impact of this pandemic, which is expected to result in significant demand & supply gap, production delay, and weak consumer demand for end products across industries.
• The automotive market has a drastic impact due to the virus as the inventories overflow with no demand in the market.
• The companies have shut-down for months now and the supply chain has been completely disrupted, which are expected to affect the profitability of companies.
• The virus is estimated to postpone new e-vehicles in the market as it is expected to witness a low pace in the coming months, thereby diluting the impression of e-vehicle companies.

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Top impacting factors: Market scenario analysis, trends, drivers, and impact analysis

Increase in innovation in the automotive industry and a rapid increase in demand for electric vehicles are expected to be the key factors to drive the smart e-drive for the automotive market. Moreover, the high price of electric drives systems is estimated to increase the price of automobiles accordingly, restraining the growth of the market. Furthermore, the increase in electric vehicle sales in emerging economies is a primary growth opportunity for e-drives.

Increase in innovation in the automotive industry

Manufacturers focus to provide consumers with a wide range of models including hatchbacks, superminis, luxury sedans, SUVs, and others. With the introduction of new models in the market, manufacturers are coming up with new technologies to provide a cutting edge to their respective models. Therefore, e-drive is one of the key factors in an automobile, which is expected to drive the growth of the market over the forecast period.

Rapid increase in demand for electric vehicles

Overall increase in the sales of hybrid and electric vehicles has been identified in the past few years. Influenced by the desire to be more environmentally conscious and to reduce carbon footprint, consumers have increased the demand for such vehicles. Governments of almost every country are concerned about pollution and increase of CO2 in the environment due to automobiles. Therefore, governments encourage buyers to opt for electric vehicles and provide subsidies to increase the demand for electric vehicles.

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Key benefits of the report:

• This study presents the analytical depiction of the global e-drive for automotive market along with current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the global e-drive for automotive market share.
• The current market is quantitatively analyzed from 2020 to 2027 to highlight the global e-drive for the automotive market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
• The report provides a detailed analysis based on competitive intensity and how the competition will take shape in the coming years.

Questions answered in the global e-drive for automotive market research report:

• Which are the leading market players active in the global e-drive for the automotive market?
• What are the current trends that will influence the market in the next few years?
• What are the driving factors, restraints, and opportunities of the market?
• What are the projections for the future that would help in taking further strategic steps?

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