Home > Automotive > Aftermarket > Tools and Equipment > Electric Vehicle E-Axle Market

Electric Vehicle E-Axle Market Analysis

  • Report ID: GMI6908
  • Published Date: Oct 2023
  • Report Format: PDF

Electric Vehicle E-Axle Market Analysis

Global Electric Vehicle E-Axle Market Size, By Propulsion, 2021-2032 (USD Billion)

To understand key trends  
Download Free Sample
 

The hybrid segment held major market share in 2022. The adoption of hybrid propulsion systems is primarily driven by their ability to significantly enhance vehicle efficiency and extend driving range. By seamlessly combining internal combustion engines with electric motors, these systems optimize power usage, making them ideal for diverse driving scenarios. Furthermore, their reduced emissions align with global environmental goals, making Hybrid Electric Vehicles (HEVs) a popular choice. Government incentives further bolster their appeal, encouraging consumers to choose HEVs. Ongoing technological advancements, such as regenerative braking & flexible power source options, underscore the adaptability and efficiency of hybrid propulsion, vehicle their demand in the market.
 

Global Electric Vehicle E-Axle Market Revenue Share, By Vehicle, 2022, (%)

To understand key market trends  
Download Free Sample
 

The commercial segment held around 60% market share in 2022. The increasing production of e-axles for passenger vehicles is propelling the electric vehicle e-axle market forward. As automakers focus on integrating advanced e-axle systems into their passenger cars, these vehicles are becoming more efficient and eco-friendlier. For instance, in December 2021, Marelli Electric Powertrain Strasbourg, the joint venture between MARELLI and PUNCH Motive International, secured a significant contract from a global Original Equipment Manufacturer (OEM) for manufacturing e-axles. Majority-owned by Marelli, the joint venture specializes in developing and assembling tailored integrated e-axle systems designed for Battery Electric Vehicles (BEVs) and Plug-in Hybrid cars.
 

Asia Pacific Electric Vehicle E-Axle Market Size, 2021-2032 (USD Billion)

To understand regional trends  Download Free Sample
 

Asia Pacific e-axle market size exceeded USD 16.6 billion in 2022 and is anticipated to dominate the market by 2032. The increasing production of e-axles for passenger vehicles is propelling the market growth. As automakers focus on integrating advanced e-axle systems into their passenger cars, these vehicles are becoming more efficient and eco-friendlier.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of electric vehicle e-axle was worth USD 36.4 billion in 2022 and is anticipated to observe over 17% CAGR between 2023 and 2032.

The hybrid segment held major market share in 2022. The adoption of hybrid propulsion systems in the electric vehicle e-axle market is primarily driven by their ability to significantly enhance vehicle efficiency and extend driving range.

Asia Pacific EV e-axle market was valued at USD 16.6 billion in 2022 and is anticipated to grow through 2032, owing to the increasing production of e-axles for passenger vehicles in the region.

BorgWarner Inc., Continental AG, Dana Incorporated, Nidec Corporation, Robert Bosch GmbH, Siemens, and ZF Friedrichshafen.

Electric Vehicle E-Axle Market Scope

Buy Now

Access to only 1 person; cannot be shared; cannot be printed
Access for 2 to 5 users only within same department of one company
Access to a company wide audience; includes subsidiary companies or other companies within a group of companies

Premium Report Details

  • Base Year: 2022
  • Companies covered: 15
  • Tables & Figures: 359
  • Countries covered: 21
  • Pages: 300
 Download Free Sample