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Automotive Electric Drivetrain Components Market Forecast 2023-2032 - Size, Lucrative Segments And Leading Regions
Automotive Electric Drivetrain Components
The Business Research Company's Automotive Electric Drivetrain Components Global Market Report 2023 identifies electric vehicles as the major driver for the Automotive Electric Drivetrain Components market's growth in the forecast period. An electric vehicle is any completely electric, zero-emission vehicle with an onboard electrical energy storage system that can be recharged using an external energy source.
the global automotive electric drivetrain components market is expected to grow from $40.42 billion in 2022 to $51.11 billion in 2023 at a compound annual growth rate (CAGR) of 26.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The automotive electric drivetrain components market is expected to reach $122.58 billion in 2027 at a CAGR of 24.4%.
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Major competitors in the Automotive Electric Drivetrain Components market are Volkswagen AG, Robert Bosch GmbH, Siemens AG, Panasonic Corporation, ZF Friedrichshafen AG, Denso Corporation, Continental AG
A key trend in the Automotive Electric Drivetrain Components market includes product innovation. Major companies operating in the automotive electric drivetrain components market are developing innovative products to sustain their position in the market. For instance, in April 2023, Volkswagen, a Germany-based vehicle manufacturing company, launched the improved electric vehicle drivetrain APP550. The new APP550 rear-wheel drive units offer high performance and improved vehicle efficiency. The heat management system has been improved to increase efficiency even further. The device may control its temperature by using the transmission's gear wheels.
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The Automotive Electric Drivetrain Components market is segmented -
• By Components: Electric Drive Module, DC or DC Converter, Battery Packs, Thermal System, DC or AC Inverter, Power Distribution Module (PDM), Other Components
• By Vehicle: Battery Electric Vehicle (BEV), Hybrid Electric Vehicle (HEV), Plug-In Hybrid Electric Vehicle (PHEV), Fuel Cell Electric Vehicle (FCEV)
• By Sales Channel: Original Equipment Manufacturer (OEM), Aftermarket
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Automotive Electric Drivetrain Components market.
The Business Research Company's "Global Automotive Electric Drivetrain Components Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Automotive Electric Drivetrain Components Market Include:
1. Automotive Electric Drivetrain Components Market Executive Summary
2. Automotive Electric Drivetrain Components Market Segments
3. Automotive Electric Drivetrain Components Market Size And Automotive Electric Drivetrain Components Market Growth Rate
4. Key Automotive Electric Drivetrain Components Market Trends
5. Major Automotive Electric Drivetrain Components Market Drivers
……
25. Key Mergers And Acquisitions In The Automotive Electric Drivetrain Components Market
26. Top Automotive Electric Drivetrain Components Companies
27. Automotive Electric Drivetrain Components Market Opportunities And Strategies
28. Automotive Electric Drivetrain Components Market, Conclusions And Recommendations
29. Appendix
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