Press release
Electric Axle Drive Market Sees Promising Growth by 2025
The electric axle drive is expected to gain traction especially due to rise in demand from the automotive industries. The electric axle drive is gaining traction considering its ease of operation and popularity in the vehicles. It is used in passenger cars, light commercial vehicles, and heavy commercial vehicles. With increasing demand for the hybrid and electric vehicles enabled with latest technologies manufacturers opt for various such components such as the clutch, transmission, and axle, which triggers the demand for electric axle drive market in the forecast period 2017-2027.
Read Report Overview @ https://www.persistencemarketresearch.com/market-research/electric-axle-drive-market.asp
Electric Axle Drive: Market Dynamics
The demand for the global electric axle drive market is majorly driven by the automotive industries. The axle is used in various vehicles as a part of electrification. The demand for the automotive electric axle drive market is fueled by the global vehicle production and technological advancement. The manufacturers focus on the longer product life cycle, light weight vehicles, cost advantages and comfort level for the customers. The latest trend forcing the manufacturers to opt for the latest technology drives the global electric axle drive market in the forecast period. Moreover, due to the advent of electric axle drive, the manufacturers offer minimum power losses which otherwise could be caused by the mechanical actions.
The macro economic factors such as high spending power of the customers, standardized life style, governmental rules, and regulation for the automakers all positively affect the demand for the electric axle drive market.
The global electric axle drive market based on type is powered by the live axle segment is projected to show significant growth in the forecast period. The rise in the preference for SUVs and other passenger cars have fueled the growth of the live axle market. The rise in the vehicle production at global level favors the global electric axle drive market. These factors thus propel the live axle market is thus expected to have significant CAGR in the forecast period. The market is also segmented into types of vehicles where electric axle drive is used. It includes heavy vehicles, passenger vehicles, and light commercial vehicles. By position of the axle drive in the vehicles, the global electric axle drive market is segmented into front and rare axle.
Electric Axle Drive: Regional Overview
The global electric axle drive market is segmented geographically into seven regions namely Latin America, North America, Middle East and Africa, Japan, Asia Pacific, Eastern Europe and Western Europe. The Asia Pacific is expected to gain traction in the forecast period owing to increase in sales for the vehicles, prominent demand for aftermarket components, and a strong presence of OEM. The Asia Pacific is thus expected to show notable CAGR in the forecast period. The demand for the electric axle drive market from the Western European countries creates the potential market for the electric axle drive market.
Electric Axle Drive: Market Players
Some of the prominent players in the electric axle drive market includes Dana Limited, ZF Friedrichshafen AG, GKN Plc., American Axle & Manufacturing, Inc., Robert Bosch GmbH, and UQM Technologies
You can now buy a single user license of the report @ https://www.persistencemarketresearch.com/samples/20722
About Us
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.
To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.
Contact Us
Persistence Market Research
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA – Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com
Web: http://www.persistencemarketresearch.com
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 Axle Drive Market Sees Promising Growth by 2025 here
News-ID: 970475 • Views: …
More Releases from Persistence Market Research Pvt. Ltd
Innovative Rehabilitation Technologies Drive Growth in Stroke Rehabilitation Mar …
Stroke Rehabilitation Market Size
The global stroke rehabilitation market size was valued at US$ 266.4 million in 2021 and is expected to grow at a CAGR of 9% from 2022 to 2032. Revenue generated from the sales of stroke rehabilitation solutions will surge to US$ 679.6 Million by the end of 2032.
The growth of the market is being driven by the increasing incidence of strokes, the growing demand for innovative rehabilitation…
Launch of New Laser-Based Devices by Key Players Fueling Growth of Global Aesthe …
Market Study on Aesthetic Lasers
The aesthetic lasers market reached US$2.8 billion in global revenue in 2021, and it will continue to expand quickly, with a value CAGR of 6.4%, to reach US$5.5 billion by the end of 2032. The growth of the market is being driven by the increasing demand for minimally invasive cosmetic procedures, rising disposable income, technological advancements, and growing medical tourism.
Stay Ahead with Market Intelligence Get Free…
Predictive Insights for Precision Medicine: The Global Biosimulation Market is S …
Biosimulation Market Research
The Global Biosimulation Market Size was valued at USD 2.9 billion in 2022 and is expected to reach USD 10.0 billion by 2030, registering a CAGR of 16.9% during the forecast period. The growth of the biosimulation market is being driven by the increasing use of biosimulation in a variety of applications, such as drug discovery, clinical trials, and toxicity prediction.
Market Overview
The biosimulation market has experienced rapid growth…
Wheelchair and Components Market: Growing Demand for Lightweight and Smart Wheel …
Wheelchair and Components Market
The global wheelchair and components market is projected to reach USD 17.9 billion by 2033, at a CAGR of 3.7% from 2022-2033. The growth of the market is driven by the increasing prevalence of disabilities, the rising geriatric population, and technological advancements in wheelchair design and manufacturing.
Click Here to Get Free Sample Copy of this Report@ https://www.persistencemarketresearch.com/samples/12961
The global wheelchair and components market has witnessed significant growth in…
More Releases for Axle
Rising Electric Vehicle Adoption Fuels Growth In Rear Electric Axle (E-Axle) Mar …
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 Rear Electric Axle (E-Axle) Market Size By 2025?
In recent years, the market size for the rear electric axle (E-Axle) has seen an overwhelming surge. The market that was valued at $47.24 billion in 2024 is predicted to rise to a whopping $57.79 billion in…
Key Influencer in the Rear Electric Axle (E-Axle) Market 2025: Rising Electric V …
What Is the Forecasted Market Size and Growth Rate for the Rear Electric Axle (E-Axle) Market?
Recent years have seen the market size for the rear electric axle (E-Axle) surge tremendously. Its growth is projected to escalate from $47.24 $ billion in 2024 to $57.79 $ billion in 2025, with a compound annual growth rate (CAGR) of 22.3%. Several factors have contributed to this growth in the historic era including the…
Trailer Axle Market Reliable and Efficient Axle Systems for Trailers | Hendricks …
Trailer Axle Market 2023 Forecast: Unveiling Opportunities and Growth
Global "Trailer Axle Market" is an exploration report with meticulous efforts undertaken to study the right and valuable information. The data which has been looked upon is done considering both, the existing top players and the upcoming competitors. These bits of knowledge offered in the Trailer Axle Market report would benefit request players to define systems for the future and gain a…
Automotive Axle & Propeller Shaft Market : Live Axle, Dead Axle, Tandem Axle, Si …
The automotive axle & propeller shaft market was valued at $29.3 billion in 2020, and is estimated to reach $45.3 billion by 2030, growing at a CAGR of 4.6% from 2021 to 2030.
Asia-Pacific is expected to dominate the automotive axle & propeller shaft market owing to increase in demand for passenger vehicles from China, Japan, and India. In January 2021, vehicle sales in China experienced rise of 29.5% as compared…
Driving Axle Market Forecast to 2028 - Covid-19 Impact and Global Analysis - by …
With the increasing commercialization of new technologies for reducing the overall vehicle weight as well as boosting automotive production to meet the growing living standard of the populations are the primary factor anticipated to bolster the driving axle market in the forecast period. Furthermore, the growing requirement of long trailers and heavy commercial vehicles, particularly in North America and Europe, is anticipated to increase the driving axle market.
Download Sample Copy…
Growing Trends in Truck Axle Market 2019 by Types like Variable Truck Axle, Adju …
Global Truck Axle Market report includes the estimation of market size by value (million USD) and volume (K Units) along with top-down and bottom-up approaches have been used to examine and validate the market size of Truck Axle market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares splits, and breakdowns have been…
