Press release
E-Drive for Automotive Market Size, Outlook, Analysis Report, Regional Outlook With Forecast 2031
According to a new report published by Allied Market Research, titled, "E-Drive for Automotive Market," The e-drive for automotive market was valued at $9.6 billion in 2021, and is estimated to reach $21.5 billion by 2031, growing at a CAGR of 8.8% from 2022 to 2031.Asia-Pacific is expected to dominate the global e-drive for automotive market. E-drive for automotive industry gained immense traction across Asia-Pacific due to increased demand for vehicles equipped with advanced components & technologies. Moreover, the Asia-Pacific e-drive for automotive industry is controlled by government policies that encourage sustainable manufacturing and investments in the sector. Furthermore, increased passenger car and vehicle registration in Asia-Pacific creates lucrative opportunities for the expansion of the market. Further, various technological advancements related to electric vehicles are taking place, due to government initiatives, which further propel the e-drive for automotive market growth.
Download Report (PDF with Insights, Charts, Tables, Figures) at https://www.alliedmarketresearch.com/request-sample/10704
Key players operating in the global e-drive for automotive market include Aisin Corporation, BorgWarner Inc., Continental AG, Hitachi Ltd., Magna International Inc., Melrose Industries PLC, Nissan Motor Co., Ltd., Robert Bosch GmbH, Schaeffler AG, Siemens AG, Toyota Motor Corporation, and ZF Friedrichshafen AG.
However, it's been predicted that though the sales of electric vehicles were hampered due to the pandemic for a short term, the industry is set to bounce back with the higher growth than that of the previous year's owing to the consistently rise in fuel prices and rising concerns towards environmental pollutions coupled with provision of the subsidies by various governments.
Interested to Procure The Data? Inquire here at
https://www.alliedmarketresearch.com/purchase-enquiry/10704
KEY FINDINGS OF THE STUDY
By electric vehicle type, the battery electric vehicle segment is anticipated to exhibit significant growth in the near future.
By vehicle drive type, the rear wheel drive segment is anticipated to exhibit significant growth in the near future.
By application, the commercial vehicles segment is anticipated to exhibit significant growth in the near future.
By region, Europe is anticipated to register the highest CAGR during the forecast period.
Browse Complete Report at
https://www.alliedmarketresearch.com/e-drive-for-automotive-market-A10339
Similar Research Report:
Vehicle Electrification Market: https://www.alliedmarketresearch.com/vehicle-electrification-market
Vehicle Exhaust Hose Market: https://www.alliedmarketresearch.com/vehicle-exhaust-hose-market-A17189
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About Allied Market Research
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of ""Market Research Reports"" and ""Business Intelligence Solutions."" AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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