E-Axle Market 2022-2027, Industry Share, Trends, Growth, Size, Analysis and Forecast

According to the latest report by IMARC Group, titled, "E-Axle Market: Global Industry Trends, 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.

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.

An electro-mechanical propulsion system including axle constructions, electric motors, power electronics, and transmission units is referred to as a e-axle. 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.

Get a PDF Sample for more detailed market insights: https://www.imarcgroup.com/e-axle-market/requestsample

Global E-Axle Market Trends and Drivers:

One of the main drivers propelling the e-axle industry is the growing acceptance of electric cars (EVs). 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.

Global E-Axle Market 2022-2027 Competitive Analysis and Segmentation:

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).

Key Highlights of the Report:

Market Performance (2016-2021)
Market Outlook (2022-2027)
Market Trends
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
Comprehensive mapping of the competitive landscape

Ask Customization and Browse full report with TOC & List of Figure: https://www.imarcgroup.com/e-axle-market

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

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.

Trending Reports (Book Now with 10% Discount + COVID-19 Scenario):

App Analytics Market- https://www.imarcgroup.com/app-analytics-market

Embedded Analytics Market- https://www.imarcgroup.com/embedded-analytics-market

Smart Robot Market- https://www.imarcgroup.com/smart-robot-market

Social and Emotional Learning Market- https://www.imarcgroup.com/social-emotional-learning-market

Social Robots Market: https://www.imarcgroup.com/social-robots-market

Business Process-as-a-Service (BPaaS) Market: https://www.imarcgroup.com/business-process-as-a-service-market

Generative Design Market: https://www.imarcgroup.com/generative-design-market

Contact us:

IMARC Group
30 N Gould St, Ste R
Sheridan, WY (Wyoming) 82801 USA
Website: https://www.imarcgroup.com
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

This release was published on openPR.