Press release
Electric Vehicle E-Axle Market Growth to be Driven by Emerging Trends | $84.65 Billion by 2029
Electric Vehicle E-Axle
What is the Projected Market Size of the Electric Vehicle E-Axle Industry?
In recent times, the e-axle market for electric vehicles has experienced significant growth. The market, which is projected to surge from $41.63 billion in 2024 to $47.83 billion in 2025, is expected to have a compound annual growth rate (CAGR) of 14.9%. Factors contributing to this growth during the historical period include strict emission rules, governmental incentives and subsidies, heightened investments in research and development, urbanization, the electrification of public transport, and the rise of startups operating within the electric vehicle sector.
What Will Be the Size of the Electric Vehicle E-Axle Market by 2029?
The e-axle market for electric vehicles is predicted to experience a swift expansion in the coming years, with a projected increase to $84.65 billion in 2029, indicating a compound annual growth rate (CAGR) of 15.3%. The surge in the projection period is linked to the expansion of autonomous electric vehicles, standardization efforts by OEMs, policies favoring urban electrification, the rise in electrification of shared mobility, and the growth of renewable energy and smart grids. The forecast period will be marked by significant trends such as the incorporation of high-tech power electronics, lightweight and compact designs, integrated sensor systems, design optimization powered by AI, and advanced solutions for noise, vibration, and harshness (NVH) mitigation.
Explore The Complete Report Now:
https://www.thebusinessresearchcompany.com/report/electric-vehicle-e-axle-global-market-report
What Are the Key Drivers Accelerating Growth in the Electric Vehicle E-Axle Market?
The electric vehicle e-axle market's expansion is anticipated to be fueled by the growing acceptance of electric vehicles. Electric vehicles (EVs) are those that run on electric motors using energy from rechargeable batteries, as opposed to traditional internal combustion engines. This surge in electric vehicle adoption can be attributed to a heightened environmental consciousness, government incentives, advancements in battery technology, and a growing demand for sustainable modes of transport. The E-Axle of an electric vehicle fuses the motor, transmission, and power electronics into one integrated unit. This leads to better efficiency, diminished weight, and optimized space utilization, thereby enhancing the electric vehicle's performance, range, and total energy efficiency. As per a report by the US-based non-profit organization, International Council on Clean Transportation, in January 2024, there was a rise in the proportion of new vehicle sales attributed to plug-in electric vehicles. The share escalated from about 3% in the first quarter of 2021 to roughly 7% in 2022, and exceeded 10% by the third quarter of 2023. Thus, the adoption of electric vehicles is propelling the growth of the electric vehicle e-axle market.
Get Free Sample Report Here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=21450&type=smp
How Is the Electric Vehicle E-Axle Market Segmented by Type, Application, and Region?
The electric vehicle e-axle market covered in this report is segmented -
1) By Component: Motor, Transmission, Power Electronics, Other Components
2) By Technology: Permanent Magnet Synchronous Motor, Induction Motor, Switched Reluctance Motor
3) By Propulsion: Hybrid, Electric
4) By Vehicle Type: Passenger Car, Commercial Vehicle
Subsegments:
1) By Motor: Permanent Magnet Synchronous Motor (PMSM), Induction Motor, Switched Reluctance Motor
2) By Transmission: Single-Speed Transmission, Multi-Speed Transmission
3) By Power Electronics: Inverters, Converters, Control Units
4) By Other Components: Bearings, Differential Gears, Cooling Systems
What Are the Key Trends Driving Growth in the Electric Vehicle E-Axle Market?
Leading businesses in the e-axle market for electric vehicles are prioritizing the creation of cutting-edge products, like compact e-axles, to boost the functionality and efficiency of vehicles. Compact e-axles function as a unified electric drive system that merges an electric motor, transmission, and power electronics, all in one unit. The design intention is to maximize space, elevate efficiency, and ensure steady power output in electric and hybrid vehicles. For example, in September 2024, AVL, a pioneer in powertrain technology based in the US, unveiled an efficient and compact e-axle crafted for heavy-duty long-haul trucks up to 40 tons. This caters to the demands of the electric mobility market. The e-axle features an integrated unit with an electric motor, power electronics, and transmission, thereby simplifying design complexities in electric vehicles and raising efficiency. The e-axle's performance can be adjusted from 50 to 300 kW, making it versatile for different vehicle models. Additionally, the induction of silicon carbide semiconductor technology warrants efficiency up to 96%, providing either an extended driving range or minimized battery capacity needs.
Customize Your Insights And Get The Full Report Here:
https://www.thebusinessresearchcompany.com/customise?id=21450&type=smp
Who Are the Leading Companies Driving Growth in the Electric Vehicle E-Axle Market?
Major companies operating in the electric vehicle e-axle market are Robert Bosch GmbH, Siemens AG, ZF Friedrichshafen AG, Continental AG, Magna International Inc., Cummins Incorporated, Aisin Seiki Co Ltd., Valeo S.A., Nidec Corporation, Schaeffler Technologies GmbH & Co KG, BorgWarner Inc., Dana Incorporated, Vitesco Technologies Group AG, Linamar Corporation, American Axle & Manufacturing Inc., Garrett Motion Inc., AVL List GmbH, Allison Transmission Holdings Inc., Hitachi Astemo Ltd., Brogen EV Solutions
Which Is the Leading Region in the Global Electric Vehicle E-Axle Market?
Asia-Pacific was the largest region in the electric vehicle e-axle market in 2024 and it is expected to be the fastest-growing region in the forecast period. The regions covered in the electric vehicle e-axle market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Speak With Our Expert:
Saumya Sahay,
Americas: +1 310-496-7795,
Asia: +44 7882 955267 & +91 8897263534,
Europe: +44 7882 955267,
Email: saumyas@tbrc.info
The Business Research Company - www.thebusinessresearchcompany.com
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Electric Vehicle E-Axle Market Growth to be Driven by Emerging Trends | $84.65 Billion by 2029 here
News-ID: 4176977 • Views: …
More Releases from The Business Research Company
2025-2034 Bentonite Market Roadmap: Insights for Competitive Advantage
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
How Large Will the Bentonite Market Size By 2025?
The bentonite market has experienced rapid growth in the past few years. The market, which was pegged at $6.98 billion in 2024, is expected to expand to $8.04 billion in 2025, with a compound annual growth rate (CAGR) of 15.2%.…
Emerging Low-Carbon Copper Market Trends: Increasing Focus On Advanced Products …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Low-Carbon Copper Market Size Growth Forecast: What to Expect by 2025?
The market size for low-carbon copper has seen robust growth in the past few years. It is projected to rise from $78.07 billion in 2024 to $84.47 billion in 2025, with a compound annual growth rate (CAGR) of…
Golf Club Market Rides High On Increasing Government Initiatives To Promote Golf …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Golf Club Market Through 2025?
The size of the golf club industry has been progressively expanding over the recent years. The market, which was worth $7.76 billion in 2024, is poised to increase to $7.97 billion in 2025, corresponding to a compound…
Talc: Critical Driver Shaping the Rising Paints And Coatings Industry Demand Fue …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Talc Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In the past few years, the talc market has seen significant expansion. It is projected to rise from $5.45 billion in 2024 to $5.73 billion in 2025, showcasing a compound annual growth rate (CAGR) of 5.1%.…
More Releases for Electric
Electrical Isolators Market 2023: Mitsubishi Electric, Orient Electric, Schneide …
The Electrical Isolators Market size (volume and value) and industry chain structure published by The Insight Partners through its high quality database which is a valuable source of guidance and direction for companies and individual interested in the industry.
An electrical isolator is a material in which electric current does not flow freely. The atoms of the insulator have tightly bound electrons which cannot readily move. Other materials, semiconductors and conductors…
Electric Motors for Electric Vehicle Market by Manufacturers: Hitachi Automotive …
Electric Motors for Electric Vehicle Market research report analyzes and studies the Electric Motors for Electric Vehicle Market's production, value, financial status, and capacity. It also provides information about market share and development plans during the projected period. Moreover, the Electric Motors for Electric Vehicle Market research report provides data about key manufacturers and focuses on the market competition landscape by analyzing the market by application, product type, and region.
Click…
Thermal Overload Relay Market 2021 Precise Outlook - ABB, Schneider Electric, Ea …
Global Thermal Overload Relay Market Size, Status and Forecast 2021
The Global Thermal Overload Relay Market report offers in-depth information and comprehensive analysis of the market. It provides a complete overview of the market with detailed insights on key aspects including the current market situation, potential size, volume, and dynamics of the market. This research report makes a thorough assessment of the COVID-19 pandemic and its impact on the current market…
Global Electric Motors for Electric Vehicles Market 2025 | MAHLE GmbH, Protean E …
Researchmoz added Most up-to-date research on "Global Electric Motors for Electric Vehicles Market Insights, Forecast to 2025" to its huge collection of research reports.
This report presents the worldwide Electric Motors for Electric Vehicles market size (value, production and consumption), splits the breakdown (data status 2013-2018 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities…
Yokogawa Electric, General Electric Profiled in Smart Factory Solutions Market 2 …
Global Smart Factory Solutions Market which focuses on effective strategies of the business framework. It highlights the recent market trends stringent energy regulations and growing pressure to conform to energy efficiency. The research methods and tools used to analyze the studies are both primary and secondary research.
This market research report on analyzes the growth prospects for the key vendors operating in this market space including Siemens, ABB, Honeywell International, Yokogawa…
Global Quartz Heat Lamps Market 2017 : Indu Electric Gerber, Schneider Electric, …
The Market Research Store report offers majority of the latest and newest industry data that covers the overall market situation along with future prospects for Quartz Heat Lamps market around the globe. The research study includes significant data and also forecasts of the global market which makes the research report a helpful resource for marketing people, analysts, industry executives, consultants, sales and product managers, and other people who are in…
