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Electric Axle Drive And Wheel Drive Trends and Forecast
The future of the global electric axle drive and wheel drive market looks promising with opportunities in the passenger vehicle, commercial vehicle, and ICE vehicle markets. The global electric axle drive and wheel drive market is expected to reach an estimated $14.5 billion by 2030 with a CAGR of 10.7% from 2024 to 2030. The major drivers for this market are growing interest in electric vehicles and the need to reduce carbon emissions globally, improvements in power density and energy recovery capabilities in electric propulsion technologies, along with the rising interest in electric and hybrid cars.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Electric Axle Drive And Wheel Drive by Segment
The study includes a forecast for the global electric axle drive and wheel drive by motor type, vehicle type, component, end use, and region.
Electric Axle Drive And Wheel Drive Market by Motor Type [Shipment Analysis by Value from 2018 to 2030]:
• Permanent Magnet AC
• Brushless DC Motor
• Others
Electric Axle Drive And Wheel Drive Market by Vehicle Type [Shipment Analysis by Value from 2018 to 2030]:
• Pure Electric Vehicle
• Hybrid Electric Vehicle
• Plug In Hybrid Electric Vehicle
• Others
Electric Axle Drive And Wheel Drive Market by Component [Shipment Analysis by Value from 2018 to 2030]:
• Combination Motor
• Power Electronics
• Transmission
• Others
Electric Axle Drive And Wheel Drive Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
• Passenger Vehicles
• Commercial Vehicles
• ICE Vehicle
• Others
Electric Axle Drive And Wheel Drive Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Electric Axle Drive And Wheel Drive Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies electric axle drive and wheel drive companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the electric axle drive and wheel drive companies profiled in this report include-
• ZF Friedrichshafen
• ZIEHL-ABEGG
• Robert Bosch
• Magna International
• GKN Automotive
• Continental
• Dana
• American Axle and Manufacturing
• UQMs
• Schaeffler Technologies
Electric Axle Drive And Wheel Drive Market Insights
Lucintel forecasts that permanent magnet AC will remain the larger segment over the forecast period because the PMAC motors offer superior efficiency over BLDC motors, particularly at high speeds and this translates to longer driving range and lower energy consumption for electric vehicles.
APAC will remain the largest region over the forecast period due to China, Japan, and India are producing more electric vehicles, as well as, constant initiatives to tackle the issue of environmental pollution, which has resulted in the high adoption rate of electric vehicles.
Features of the Global Electric Axle Drive And Wheel Drive Market
Market Size Estimates: Electric axle drive and wheel drive market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Electric axle drive and wheel drive market size by motor type, vehicle type, component, end use, and region in terms of value ($B).
Regional Analysis: Electric axle drive and wheel drive market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different motor type, vehicle type, component, end use, and regions for the electric axle drive and wheel drive market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the electric axle drive and wheel drive market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the electric axle drive and wheel drive market size?
Answer: The global electric axle drive and wheel drive market is expected to reach an estimated $14.5 billion by 2030.
Q2. What is the growth forecast for electric axle drive and wheel drive market?
Answer: The global electric axle drive and wheel drive market is expected to grow with a CAGR of 10.7% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the electric axle drive and wheel drive market?
Answer: The major drivers for this market are growing interest in electric vehicles and the need to reduce carbon emissions globally, improvements in power density and energy recovery capabilities in electric propulsion technologies, along with the rising interest in electric and hybrid cars.
Q4. What are the major segments for electric axle drive and wheel drive market?
Answer: The future of the global electric axle drive and wheel drive market looks promising with opportunities in the passenger vehicle, commercial vehicle, and ICE vehicle markets.
Q5. Who are the key electric axle drive and wheel drive market companies?
Answer: Some of the key electric axle drive and wheel drive companies are as follows:
• ZF Friedrichshafen
• ZIEHL-ABEGG
• Robert Bosch
• Magna International
• GKN Automotive
• Continental
• Dana
• American Axle and Manufacturing
• UQMs
• Schaeffler Technologies
Q6. Which electric axle drive and wheel drive market segment will be the largest in future?
Answer: Lucintel forecasts that permanent magnet AC will remain the larger segment over the forecast period because the PMAC motors offer superior efficiency over BLDC motors, particularly at high speeds and this translates to longer driving range and lower energy consumption for electric vehicles.
Q7. In electric axle drive and wheel drive market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region over the forecast period due to China, Japan, and India are producing more electric vehicles, as well as, constant initiatives to tackle the issue of environmental pollution, which has resulted in the high adoption rate of electric vehicles.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the electric axle drive and wheel drive market by motor type (permanent magnet AC, brushless DC motor, and others), vehicle type (pure electric vehicle, hybrid electric vehicle, plug in hybrid electric vehicle, and others), component (combination motor, power electronics, transmission, and others), end use (passenger vehicles, commercial vehicles, ICE vehicle, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Electric Axle Drive And Wheel Drive Market, Electric Axle Drive And Wheel Drive Market Size, Electric Axle Drive And Wheel Drive Market Growth, Electric Axle Drive And Wheel Drive Market Analysis, Electric Axle Drive And Wheel Drive Market Report, Electric Axle Drive And Wheel Drive Market Share, Electric Axle Drive And Wheel Drive Market Trends, Electric Axle Drive And Wheel Drive Market Forecast, Electric Axle Drive And Wheel Drive Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Electric Axle Drive And Wheel Drive Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Electric Axle Drive And Wheel Drive Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Electric Axle Drive And Wheel Drive Market by Motor Type
3.3.1: Permanent Magnet AC
3.3.2: Brushless DC Motor
3.3.3: Others
3.4: Global Electric Axle Drive And Wheel Drive Market by Vehicle Type
3.4.1: Pure Electric Vehicle
3.4.2: Hybrid Electric Vehicle
3.4.3: Plug In Hybrid Electric Vehicle
3.4.4: Others
3.5: Global Electric Axle Drive And Wheel Drive Market by Component
3.5.1: Combination Motor
3.5.2: Power Electronics
3.5.3: Transmission
3.5.4: Others
3.6: Global Electric Axle Drive And Wheel Drive Market by End Use
3.6.1: Passenger Vehicles
3.6.2: Commercial Vehicles
3.6.3: ICE vehicle
3.6.4: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Electric Axle Drive And Wheel Drive Market by Region
4.2: North American Electric Axle Drive And Wheel Drive Market
4.2.2: North American Electric Axle Drive And Wheel Drive Market by End Use: Passenger Vehicles, Commercial Vehicles, ICE vehicle, and Others
4.3: European Electric Axle Drive And Wheel Drive Market
4.3.1: European Electric Axle Drive And Wheel Drive Market by Motor Type: Permanent Magnet AC, Brushless DC Motor, and Others
4.3.2: European Electric Axle Drive And Wheel Drive Market by End Use: Passenger Vehicles, Commercial Vehicles, ICE vehicle, and Others
4.4: APAC Electric Axle Drive And Wheel Drive Market
4.4.1: APAC Electric Axle Drive And Wheel Drive Market by Motor Type: Permanent Magnet AC, Brushless DC Motor, and Others
4.4.2: APAC Electric Axle Drive And Wheel Drive Market by End Use: Passenger Vehicles, Commercial Vehicles, ICE vehicle, and Others
4.5: ROW Electric Axle Drive And Wheel Drive Market
4.5.1: ROW Electric Axle Drive And Wheel Drive Market by Motor Type: Permanent Magnet AC, Brushless DC Motor, and Others
4.5.2: ROW Electric Axle Drive And Wheel Drive Market by End Use: Passenger Vehicles, Commercial Vehicles, ICE vehicle, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Electric Axle Drive And Wheel Drive Market by Motor Type
6.1.2: Growth Opportunities for the Global Electric Axle Drive And Wheel Drive Market by Vehicle Type
6.1.3: Growth Opportunities for the Global Electric Axle Drive And Wheel Drive Market by Component
6.1.4: Growth Opportunities for the Global Electric Axle Drive And Wheel Drive Market by End Use
6.1.5: Growth Opportunities for the Global Electric Axle Drive And Wheel Drive Market by Region
6.2: Emerging Trends in the Global Electric Axle Drive And Wheel Drive Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Electric Axle Drive And Wheel Drive Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Electric Axle Drive And Wheel Drive Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: ZF Friedrichshafen
7.2: ZIEHL-ABEGG
7.3: Robert Bosch
7.4: Magna International
7.5: GKN Automotive
7.6: Continental
7.7: Dana
7.8: American Axle and Manufacturing
7.9: UQMs
7.10: Schaeffler Technologies
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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