Automotive E-axle Market Top Key Players, Segments, Share, and Growth Opportunity by 2030

Automotive E-Axle Market is estimated to reach USD 111.84 Billion by 2030, The rising investments by the government for the improvement and increase in the adoption of Electric Vehicles for the climate sustainability factor is worth considerable factor for automotive OEMs and for substantially for E-axle market.

The study which was conducted by the SNS Insider research team was primarily focused on providing the exact briefs about how the market will be shaping in the recent times. The analysis included the macro and the micro aspects which are responsible for the growth of E-Axle market. The innovations which are upheld and done will be a great opportunity for the automotive industry to attain growth despite of the geopolitical tensions which the industry is currently facing.      

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Market Size:

The Automotive E-Axle Market is analyzed to grow at a compound annual growth rate (CAGR) of 31.2% between 2023 and 2030. The market's base value was recorded at USD 12.73 billion in 2022. By 2030, the market is expected to reach USD 111.84 billion.

Market Scope:  

We are currently witnessing a dynamic evolution of the E-Axle market. Electric vehicles are not complete without E-Axles, or electric axles, which act as the main drivetrain and powertrain systems that propel the wheels. The increased demand for electric mobility solutions brought on by environmental concerns, government incentives, and technological advancements has given them a lot of traction. Vehicle efficiency can be increased by up to 15% with eAxles. This is so that eAxles, which typically lose energy during braking, can reclaim that energy and transform it into electrical energy.  

Key Players

The leading key players are Schaeffler AG, AxleTech, Continental AG, ZF Friedrichshafen AG, GKN Automotive Limited, Dana Limited, Robert Bosch, Nidec Corporation, Linamar Corporation, Magna International and others.

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Industry Analysis:

The automotive industry is experiencing a major tailwind if we focus on the ongoing trends. Global sales of EV are expanding quickly. EV sales made up more than 10% of all passenger car sales worldwide in 2022. It is anticipated that this share will keep increasing. As AV technology advances quickly, several automakers and tech firms intend to introduce AVs in the upcoming years. Particularly in cities, shared mobility services are gaining popularity.  

Segment Analysis:

Passenger cars, trucks, and two-wheelers are just a few of the electric vehicles that the E-Axle market offers. Because electric sedans and SUVs are becoming more and more popular, passenger cars now hold the major share of the market. Electric motors, power electronics, and transmission systems are some of the essential parts that make up an E-Axle. Depending on the power and performance requirements of the vehicle, different components are chosen. The front-wheel drive segment is expected to gain the largest share over the forecasted period.

Regional Analysis:

Production and adoption of E-Axles are leading the way in China, the largest automotive market in the world. The Chinese government has been encouraging the use of E-Axles to ensure the electrification of its transportation sector, with aggressive targets for electric vehicles. The Asia-Pacific E-Axle market is seeing notable contributions from South Korea and Japan as well. The rising investments by the major countries of APAC will be the game changer for the automotive industry and the E axle market.  

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Key Takeaways:

Manufacturers ought to concentrate on creating lighter, more cost-effective, and efficient e-axles.
In order to create integrated systems that maximize the efficiency and performance of electric vehicles, automakers should collaborate with e-axle suppliers.
To create new e-axle technologies like torque vectoring and steer-by-wire, automakers should spend money on research and development.

Recent Development:

Dana Limited: The company introduced the Spicer Electrified Zero-8 e-axle in 2023, it is intended for use in heavy-duty commercial vehicles. Among the most potent and effective e-axles available is the Zero-8 model. The expected maximum output is said to be of 2,200 horsepower and 44,000 lb.-ft of torque.

Nidec Corp: Nidec revealed in 2023 that it was working on a new series of e-axles that would be 20% lighter and 10% more efficient than its previous model. Additionally, the new e-axle has a higher torque density, this gives the cars more power.

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