Global Automotive E-axle Market by Application (Rear, Front), by Vehicle Type (Passenger Car, Commercial Vehicle) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

Global automotive e-axle markets were valued at USD 6,405.1 millions in 2018. They are expected to grow at a compound annual rate (CAGR of 23.7%) from 2019-2025. This market is driven primarily by increasing sales of battery electric cars and the increased adoption of automotive E-axles within the light commercial vehicle segment. The design of eaxles has improved due to the increased investment in R&D and the introduction of heavy-duty commercial vehicles with e-axles. Automotive manufacturers have been able to increase the vehicle's battery capacity using the modular e-axle design, which allows them to extend their driving range on a single charge.

The growing demand for lightweight, structurally safe, and cost-effective chassis & automotive systems has compelled manufacturers to focus on the development of technologically-advanced products. AxleTech's integrated e-axle delivers greater performance in a smaller package. The e-axle can be used for medium- and heavy-duty commercial trucks.

Manufacturers can now produce electric vehicles that have a longer range on a single charge thanks to technological advances in recent years. The average driving range can be improved, but the current increase in driving range will have a significant impact on the market growth of automotive e-axle. Global regulatory and policy reforms have facilitated the adoption of electric cars, which has resulted in an increase in sales of automotive E-axles. The European Union's Zero-emission Vehicles (ZEV), resolution, and other policy changes will have a positive impact on the European market for automotive electric-axles.

Application Insights

In 2018, the largest market share for automotive eaxle was held by the front passenger car segment. This segment is expected to grow at a 26.3% CAGR between 2019 and 2025. This is due to an increase in production of low-cost electric passenger cars, both entry-level and mid-level. Amid technological advances in commercial vehicles, the rear e-axle segment will show strong growth potential over the forecast period.

E-axles are a key driver of market growth and application diversification. They would be a welcome addition to the manufacturing industry and attract significant investments to improve R&D capabilities. The industry and end-users would benefit from highly developed and technologically advanced e-axles for commercial vehicles.

Regional Insights

In 2018, the Asia Pacific passenger car electric drive market was valued USD 3,160.1million. This market holds the largest share. The region's dominance will be maintained by developing economies like India, China, as well as industrialized countries such as Japan, South Korea, and other industrialized nations such Japan, South Korea, and China. European countries have been among the first to adopt electric vehicles. In the past, there was a slowdown in traditional fuel vehicle production.

With the new regulations that encourage ZEVs, the European electric axle market will see an increase in growth. There will be significant shifts in passenger vehicle production in North America. Market growth for automotive electric-axle is expected to be driven by the shift in preference of Americans to smaller, more powerful vehicles and larger SUVs over high-powered cars.

Market Share Insights & Key Companies

Dana Incorporated and Melrose Industries PLC are key players in the automotive e-axle market. Robert Bosch GmbH is also a major player. These companies are making increasing investments in e-axle technology. This can be attributed largely to their diverse customer base. The market is highly concentrated and is dominated currently by Robert Bosch GmbH and Dana Incorporated. In recent years, however, other notable players and startups have made significant investments. The industry's other major vendors include ZF Friedrichshafen AG and Continental AG. The following are some of the most prominent players in the automotive electronic axle market:

• Dana Incorporated

• Melrose Industries PLC

• Robert Bosch GmbH

• Schaeffler AG

• Magna International Inc.

Up Market Research published a new report titled “Automotive E-axle Market research report which is segmented by Application (Rear, Front), by Vehicle Type (Passenger Car, Commercial Vehicle), By Players/Companies Dana Incorporated, Melrose Industries PLC, Magna International Inc , Schaeffler AG, Robert Bosch GmbH”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Automotive E-axle Market Report Segments:

The market is segmented by Application (Rear, Front), by Vehicle Type (Passenger Car, Commercial Vehicle).

Automotive E-axle Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Automotive E-axle Market

Overview of the regional outlook of the Automotive E-axle Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Automotive E-axle Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Automotive E-axle Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Rear

                2. Front

                1. Passenger Car

                2. Commercial Vehicle

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Automotive E-axle Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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Reasons to Purchase the Automotive E-axle Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.