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Automotive E-axle Market | Business Growth, Development Factors, Current and Future Trends till 2031 | Space Perspective World View Enterprises, Inc. Zero 2 Infinity S.L

09-04-2024 11:42 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: orion market research

Automotive E-axle Market

Automotive E-axle Market

Automotive e-axle market is anticipated to grow at a significant CAGR of 17.4% during the forecast period (2024-2031). An automotive e-axle, or electric axle, is a consolidated propulsion system present in electric vehicles (EVs) that combines the electric motor, power electronics, and gearbox into a single unit.

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Growing demand for electric vehicles (EVs) is a primary driver, pushing the adoption of e-axle systems as a key component in electric propulsion. Electric car markets are seeing exponential growth as sales exceeded 10 million in 2022. A total of 14.0% of all new cars sold were electric in 2022, up from around 9.0% in 2021 and less than 5.0% in 2020. Three markets dominated global sales. China was the frontrunner once again, accounting for around 60.0% of global electric car sales. More than half of the electric cars on roads worldwide are now in China and the country has already exceeded its 2025 target for new energy vehicle sales.

full report of Automotive E-axle Market available @ https://www.omrglobal.com/industry-reports/automotive-e-axle-market

• Market Coverage
• Market number available for - 2024-2030
• Base year- 2023
• Forecast period- 2024-2030
• Segment Covered- By Source, By Product Type, By Applications
• Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
• Inc., and others

Global Automotive E-axle Market Report Segment
By Vehicle Type
• Passenger Cars
• Commercial Vehicles

By Propulsion Type
• Battery Electric Vehicles (BEV)
• Hybrid Electric Vehicles (HEV)

By Application
• Front E-Axle
• Rear E-Axle
• All-wheel-drive (AWD) E-Axle

Global Automotive E-axle Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa

The Report Covers
• Market value data analysis of 2023 and forecast to 2031.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global automotive e-axle market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying 'who-stands-where' in the market.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/automotive-e-axle-market

About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 780-304-0404

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