EV E-Axle Market Size, Statistics, Growth Trend Analysis, and Forecast Report, 2022 – 2032

Ev E-Axle Market is segmented by Vehicle Type (Passenger Vehicle, Commercial Vehicle); Ev E-Axle Market by Drive Type (Forward Wheel Drive, Rear Wheel Drive, All-Wheel Drive); Ev E-Axle Market by Component Type (Combining Motors, Power Electronics, Transmission, Others) By Geography (U.S., Canada, Germany, France, U.K., Italy, Spain, Russia & CIS, Rest of Europe, China, Japan, India, Rest of Asia Pacific, Brazil, Mexico, Rest of Latin America, GCC, South Africa, and Rest of the Middle East & Africa).

  • Report ID : MD2934
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  • Pages : 220
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  • Tables : 75
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  • Formats :

The Ev E-Axle Market was valued at US $8.87 billion in 2022 and is projected to reach US $142.5 billion by 2032, growing at a CAGR of 32.6% during the forecast period.
An electric axle is a complete system that includes electric motors, power electronics, and transmission units. It provides power for internal combustion engine vehicles and is compatible with electric and hybrid vehicles. The system is completely incorporated either into the front or back axle, providing the capacity to convert the wheels as well as other engine-related activities. Furthermore, an Ev E-Axle is a self-contained device that includes components such as bearings, shafts, pinions, and divergent gears. The electric axle coaxial connection is located on the rear axle, whilst the front wheels are powered by an internal combustion motor or an electric motor.

The Rise in the Demand for Electric Vehicles: Key Driver
An electric axle is a complete system that includes electric motors, power electronics, and transmission units. It provides power for internal combustion engine vehicles and is compatible with hybrid and electric vehicles. The system is completely incorporated into either the front or back axle, providing power to turn the wheels as well as other engine-related activities. One of the primary factors driving the growth of the EV E-Axle market is the increase in demand for electric automobiles throughout the world. The development in demand for the system for the purpose of merging additional parts such as differential and power inverter, which allows for easier integration and compact packaging, accelerates market expansion. The increased need for structurally secure, cost-effective chassis and lightweight systems as a result of manufacturers increased emphasis on the creation of technologically innovative goods further influences the market. Furthermore, the incorporation of a regulatory environment, the increase in partnerships between the government and industry to support system deployment, and the increasing adoption of automotive EV E-Axles inside the light commercial vehicle sector all have a positive impact on the EV E-Axle market. Furthermore, the launch of automotive EV E-Axles for large commercial vehicles, as well as advancements in EV E-Axle design, provide the profitable potential for market participants from 2022 to 2029.

Technological Advancements boosts EV E-Axle Market
Recent technological improvements have enabled manufacturers to release electric vehicles with longer ranges on a single charge. Although the average commute has room for improvement, the present development is projected to have a substantial influence on market expansion for automotive EV e-axles. Furthermore, legal and policy reforms implemented by many countries throughout the world have encouraged the use of electric cars, resulting in increased sales of automotive EV e-axles. The European Unions Zero-emission Vehicles (ZEV) resolution and associated policy reforms to roll out all-electric passenger vehicles by 2030 are predicted to have a beneficial influence on the European market for EV E-Axle throughout the forecast period.

High Cost of Ev E-Axle Drive System Restraining the Market Growth
Electric axle systems are widely employed in a variety of vehicle types, including passenger automobiles, light vehicles, heavy commercial automobiles, and electric vehicles. Depending on the technology utilized in the vehicle, the Ev E-Axle unit is fitted with an electronic motor, power electrical equipment, and various transmission units. These elements are more expensive, raising the overall cost of the electric axle drive system. The high expense of the Ev E-Axle technology is accountable for the increase in automobile pricing. As a result, the adoption of electric axles in countries apart from China is constrained by high costs. As a result, the high cost of the ev e-axle drive unit is expected to stifle global Ev E-Axle market growth. However, the electric car industry is rapidly expanding, which may minimize the influence of this constraint in the coming years.

Strict Emission restrictions are in place to decrease Vehicle Weight and Emissions.
Demand for electric cars is increasing owing to their lightweight nature and enhanced efficiency. This has resulted in an increase in the installation of EV E-Axles in all types of cars. Furthermore, such an arrangement helps to minimize CO2 emissions and engine space requirements. The standard gas-powered car generates power using an internal combustion engine. In an ideal world, the combustion system completely incinerates the fuel and produces just carbon dioxide and water as waste; nevertheless, the combustion system produces a variety of greenhouse gases, resulting in environmental degradation. An electric car, on the other hand, employs an electric motor that is driven by a constant source of electricity and hence does not emit pollutants. The United States, Germany, France, and China have enacted rigorous government rules and regulations for vehicular emissions, requiring automotive makers to adopt innovative technology to battle and decrease emissions and vehicle weight. Furthermore, the California Air Resources Board (CARB) has developed a program that contains criteria for manufacturers to produce and supply zero-emission vehicles (ZEVs), significantly increasing the attractiveness of electric car adoption.

Asia-Pacific is expected to dominate the market growth for Ev E-Axle Market
Due to the substantial economic growth in the regions emerging countries, Asia-Pacific is likely to dominate the EV E-Axle market. Because of regulatory changes in the area, Europe is predicted to see rapid growth from 2022 to 2029. During the projection period, Asia Pacific is expected to witness exponential market expansion. Rapid charging infrastructure development, aggressive electrification of heavy-duty fleets and public transportation, and a reduction in the total cost of ownership of EVs will fuel market expansion in this area. During the forecast period, North America is predicted to develop rapidly in the market. State-level initiatives to enhance EV deployment and accessible EV models (especially in the SUV sector) continue to grow in the United States. Furthermore, the government has stated its desire to alter federal tax credit schemes in order to boost zero-emission car adoption and assist domestic manufacturers. These reasons will drive EV E-Axle demand in this region.

Top Companies and Recent Strategic Developments
• In September 2021, Dongfeng Passenger Car Corporation has begun the commercial introduction of its completely integrated electrical axle drives (EMR3).
• In February 2020, Nidec introduced two Ev E-Axles: a 50kW version for PHEVs/Kei vehicles, where it currently has no presence, and a 200kW version geared at Premium BEVs.
• In September 2021, Dana Limited launched the eS9000r EV E-Axle for various Class 7 & 8 medium and heavy-duty vehicles that will further advance the adoption of electric mobility in the commercial vehicle segment.
• In July 2021, Dana Limited started the market launch of its fully integrated EV E-Axle drives (EMR3) for Dongfeng Passenger car Corporation.
• In November 2022, Nidec, a Japanese automaker, plans to invest an estimated $100 billion (US$715 million) in Mexico to develop an EV E-Axle plant.
• In December 2022, American Axle & Manufacturing Inc. (AAM) (NYSE: AXL), a leading global Tier 1 automotive provider of drivetrain and metal casting technologies, and EKA Mobility, an electric vehicle, and technology company, announced a collaboration in which AAM will supply the companys 2.5T battery electric commercial vehicle with its first-ever e-Beam axle.

Years considered for this report
• Historical Years: 2019-2022
• Base Year: 2021
• Forecast Period: 2022-2032

Ev E-Axle Market Research Report Analysis Highlights
• Historical data available (as per request)
• Estimation/ projections/ forecast for revenue and unit sales (2022 - 2032)
• Data breakdown for application Industries (2022 - 2032)
• Integration and collaboration analysis of companies
• Capacity analysis with application sector breakdown
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategies adopted by emerging companies

Industry Segmentation and Revenue Breakdown
Ev E-Axle Market by Vehicle Type (Revenue, USD Million, 2022 - 2032)
• Passenger Vehicle
• Commercial Vehicle

Ev E-Axle Market by Drive Type (Revenue, USD Million, 2022 - 2032)
• Forward Wheel Drive
• Rear Wheel Drive
• All-Wheel Drive

Ev E-Axle Market by Component Type (Revenue, USD Million, 2022 - 2032)
• Combining Motors
• Power Electronics
• Transmission
• Others

Ev E-Axle Market by Geography (Revenue, USD Million, 2022 - 2032)
• North America (U.S., Canada)
• Europe (Germany, France, U.K., Italy, Spain, Nordic Region, Rest of Europe)
• Asia Pacific (China, Japan, India, ASEAN, Rest of Asia Pacific)
• Latin America (Brazil, Mexico, Rest of Latin America)
• Middle East & Africa (GCC, South Africa, Rest of the Middle East & Africa)

Global Ev E-Axle Market Key Players
• Axletch International
• BorgWarner Inc.
• Continental AG
• Dana Incorporated
• GKN Plc
• Schaeffler Technologies AG & Co. KG
• Robert Bosch GmbH
• Nidec Corporation
• ZF Friedrichshafen AG
• AVL List GmbH

Available Versions of Global Ev E-Axle Market Report:
The United States Ev E-Axle Market Report
Europe Ev E-Axle Market Report
Asia Pacific Ev E-Axle Market Report
India Ev E-Axle Market Report

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