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Premium Report Details
Base Year: 2023
Companies covered: 24
Tables & Figures: 410
Countries covered: 10
Pages: 320
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Europe Electric Drive Unit Market
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Europe Electric Drive Unit Market Analysis
Based on vehicle type, the BEV electric drive unit market is anticipated to surpass over USD 18.1 billion in 2032. Increasing production capacity and enhancing battery technology within the battery electric vehicle is one of the major driving factors. Surge in investment in charging infrastructure to support the growing BEV market, including fast-charging networks, home charging solutions, and workplace charging stations will further add to the market growth.
Based on sales channel, the OEM industry is set to grow at a rate of over 23.5% through 2032. Rapid increase in number of EVs across the European region owing to increasing focus on sustainability will increase the demand for aftermarket services, including maintenance, repair, and replacement of EDUs. This presents opportunities for companies offering specialized services and spare parts for EDUs, which in turn will complement the business scenario.
The Germany electric drive unit market is forecasted to exceed over USD 10.1 billion by 2032. Government support for the adoption of electric vehicles and the development of EV charging infrastructure has contributed significantly to overall industry growth. The expansion of the industry is primarily driven by rising energy costs and an increasing preference for energy-efficient solutions.