What are the factors driving the demand for electric drive unit in Germany?

Germany electric drive unit market revenue is estimated to exceed USD 10.1 billion by 2032, favored by government support for the adoption of EVs.

Which are the main companies involved in Europe electric drive unit industry?

Aisin Corporation, AVL, BorgWarner Inc., C.F.R. Srl., DANA TM4 INC., ElringKlinger AG, Equipmake, FRIWO Ger

How big is Europe electric drive unit market?

The European market for electric drive unit was reached USD 5.4 billion in 2023 and is envisioned to record a CAGR of 23.1% through 2032, attributed to rising adoption of electric vehicles along with increasing focus on EV performance & efficiency.

Why is the demand for electric drive unit for BEVs growing in Europe?

The BEV segment of Europe electric drive unit market is anticipated to surpass USD 18.1 billion by 2032, driven by increasing production capacity and enhancing battery technology.

Europe Electric Drive Unit Market Size

Report ID: GMI8649

Published Date: March 2024

Report Format: PDF

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Europe Electric Drive Unit Market Size

Europe Electric Drive Unit Market was valued at USD 5.4 billion in 2023 and is envisioned to grow at a CAGR of 23.1% between 2024 and 2032. Rising adoption of electric vehicles along with increasing focus on EV performance & efficiency are key drivers shaping the product adoption worldwide. In addition, international efforts focused on regulating energy-efficient measures to diminish carbon footprints are poised to enhance the business prospects.

Europe Electric Drive Unit Market

Expansion of the product into new applications including electric buses & commercial vehicles along with rising industrial automation & robotics will sway the product adoption. For instance, in September 2022, Robert Bosch launched an electric mobility solution for its commercial vehicles and commenced large-scale production of novel drive units tailored for light commercial vans and medium-sized trucks. Electric EDUs offer significant advantages for these applications, including reduced emissions and quieter operation, contributing to cleaner air quality in urban areas.

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Question(FAQ) :

What are the factors driving the demand for electric drive unit in Germany?: Germany electric drive unit market revenue is estimated to exceed USD 10.1 billion by 2032, favored by government support for the adoption of EVs.
Which are the main companies involved in Europe electric drive unit industry?: Aisin Corporation, AVL, BorgWarner Inc., C.F.R. Srl., DANA TM4 INC., ElringKlinger AG, Equipmake, FRIWO Ger
How big is Europe electric drive unit market?: The European market for electric drive unit was reached USD 5.4 billion in 2023 and is envisioned to record a CAGR of 23.1% through 2032, attributed to rising adoption of electric vehicles along with increasing focus on EV performance & efficiency.
Why is the demand for electric drive unit for BEVs growing in Europe?: The BEV segment of Europe electric drive unit market is anticipated to surpass USD 18.1 billion by 2032, driven by increasing production capacity and enhancing battery technology.

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Authors: Preeti Wadhwani, Aishvarya Ambekar

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Base Year: 2023

Companies covered: 24

Tables & Figures: 410

Countries covered: 10

Pages: 320

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Europe Electric Drive Unit Market Size

Europe Electric Drive Unit Market Size

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