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Market Trends

The rising popularity of electric vehicles (EVs) is one of the key factors driving the e-axle market. In line with this, the elevating levels of urbanization and the inflating income levels of consumers are further catalyzing the market growth. Additionally, the growing consumer awareness towards the harmful effects of fossil fuel-based automobiles on human health and the climate is also propelling the product demand. Besides this, the expanding utilization of e-axles to enhance energy efficiency and improve the noise, vibration and harshness (NVH) performance is acting as another significant growth-inducing factor. Moreover, various government bodies across several countries are regulating or banning the sales of fossil fuel-based passenger cars to minimize vehicle-based carbon emissions, which is further augmenting the global market. Apart from this, numerous prominent manufacturers are focusing on developing advanced product variants that are equipped with high-strength casings and can also accommodate high torque and input speeds. This, in turn, is projected to bolster the global e-axle market over the forecasted period.

Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

• AVL List GmbH

• Axletech International (Meritor Inc)

• Borgwarner Inc

• Continental AG

• Dana Incorporated

• GKN Plc (Melrose Industries)

• Nidec Corporation

• Robert Bosch GmbH

• Schaeffler Technologies AG & Co. KG

• ZF Friedrichshafen AG (Zeppelin-Stiftung).

The report has segmented the market based on component type, vehicle type and drive type.

Breakup by Component Type:

• Combining Motors

• Power Electronics

• Transmission

• Others

Breakup by Vehicle Type:

• ICE Vehicles

• Passenger Vehicle

• Commercial Vehicle

• Electric Vehicle

Breakup by Drive Type:

• Forward Wheel Drive

• Rear Wheel Drive

• All Wheel Drive

Breakup by Region:

• North America

• Asia-Pacific

• Europe

• Latin America

• Middle East and Africa

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