Car Drive System market was valued at US$ 22800 million in 2022 and is anticipated to reach US$ 122820 million by 2029, witnessing a CAGR of 32.4% - Valuates Reports

The global Car Drive System market was valued at US$ 22800 million in 2022 and is anticipated to reach US$ 122820 million by 2029, witnessing a CAGR of 32.4% during the forecast period 2023-2029.

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The car drive system is one of the most important systems in electric vehicles. The performance of electric vehicle is mainly determined by its driving system. The car drive system of an electric vehicle is composed of traction motor, motor controller, mechanical transmission device and wheels. Its energy storage power source is the battery pack.
The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Currently, major global companies include BYD, Zhongshan Broad-Ocean Motor Co.,Ltd., Bosch, JEE and Hitachi, etc. The market share of top 5 companies accounted for more than 34% of global market in 2019.
The manufacturer base are located in North America, Europe, China and Japan. Among them, China accounted for approximately 63% of the global market share in 2019.
As for the product type, the car drive system is mainly divided into FWD, RWD and AWD/4WD. In 2019, FWD accounted for about 91% of the market share.
From the market application of the product, the car drive system is mainly used in passenger vehicle, commercial vehicle and engineering vehicle. In 2019, the car drive system for passenger vehicle accounted for 82% of the market share.

This report aims to provide a comprehensive presentation of the global market for Car Drive System, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Car Drive System.
The Car Drive System market size, estimations, and forecasts are provided in terms of and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global Car Drive System market comprehensively. Regional market sizes, concerning products by type, by application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Car Drive System companies, new entrants, and industry chain related companies in this market with information on the revenues for the overall market and the sub-segments across the different segments, by company, by type, by application, and by regions.

Segment by Type
FWD
RWD
AWD/4WD

Segment by Application
Passenger Vehicle
Commercial Vehicle
Engineering Vehicle

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