Automotive E-Axle Market By Size, Share and Forecast 2028

Summary

Report Description

Forecast Period	2024-2028
Market Size (2022)	USD 13 billion
CAGR (2023-2028)	5.59%
Fastest Growing Segment	Commercial Vehicle
Largest Market	Asia-Pacific

Market Overview

Global Automotive E-Axle Market has valued at USD 13 Billion in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 5.59% through 2028. The E-Axle is a type of electromechanical propulsion system that includes axle frames, an electric motor, power electronics, and transmission components. This gadget serves as a small and affordable electric drive solution for battery-electric vehicles and hybrid applications. It is also utilized in conjunction with a traditional ICE or hybrid powerplant. Furthermore, E-Axle combines various features such as a power inverter and differential, allowing for tidy packaging and easy integration. Furthermore, as economies of scale develop, electric axles are predicted to become less expensive, more compact, and efficient. Rising sales of electric and hybrid vehicles worldwide, as well as an increase in gasoline costs, are two significant factors boosting the E-Axle market share. Furthermore, the global increase in the sale of electric and hybrid vehicles, as well as the rise in gasoline costs, are driving the expansion of the E-Axle market. Furthermore, the rise in pollution, the development of the vehicle sector, and the depletion of fossil fuel reserves have spurred global market growth.

Key Market Drivers

Government Regulations and Emissions Reduction Initiatives

One of the most prominent drivers of the global automotive E-axle market is the stringent government regulations and emissions reduction initiatives aimed at curbing air pollution and mitigating climate change. Governments around the world are imposing increasingly strict emissions standards and fuel efficiency regulations on automakers to reduce greenhouse gas emissions and promote cleaner transportation. E-axles are a crucial component in electric and hybrid vehicles, which emit significantly fewer pollutants than their internal combustion engine (ICE) counterparts. They enable electric vehicles (EVs) to operate with zero tailpipe emissions, making them a key technology for automakers to meet stringent emissions targets. To comply with these regulations and avoid hefty fines, automakers are rapidly transitioning to electrified vehicle offerings, which include hybrid and fully electric models. This shift is driving the demand for E-axle systems, which are integral to the propulsion of these vehicles. Additionally, government incentives and subsidies for EV adoption, such as tax credits and rebates, further encourage consumers to embrace electric mobility. As governments worldwide continue to prioritize environmental sustainability, the automotive E-axle market is poised for substantial growth to support the electrification of the automotive industry.

Advancements in Electric Vehicle Technology

Continuous advancements in electric vehicle technology are driving the adoption of E-axles and electrified drivetrains. These advancements encompass various aspects of electric mobility, including battery technology, electric motor efficiency, and charging infrastructure. First and foremost, the improvement in battery technology is a critical driver for E-axles. High-capacity lithium-ion batteries with improved energy density have become more accessible and affordable. These advanced batteries provide the energy required to power electric motors integrated into E-axle systems, enabling longer driving ranges and enhanced performance. Electric motor technology has also seen significant innovation, resulting in more efficient and compact motor designs. High-torque electric motors that fit within the E-axle unit contribute to improved vehicle acceleration and overall performance. Moreover, the expansion of charging infrastructure, including fast-charging networks, has alleviated "range anxiety" for EV owners. As charging becomes more convenient and widespread, consumers are more willing to embrace electric vehicles, which, in turn, fuels the demand for E-axle-equipped EVs. Overall, these technological advancements are creating a positive feedback loop, where improved EV technology drives greater consumer acceptance, leading to increased E-axle adoption and further innovation in the automotive industry.

Environmental Concerns and Sustainability Initiatives

Growing environmental concerns and sustainability initiatives are driving consumers, businesses, and governments to seek cleaner and more sustainable transportation solutions. Electric vehicles powered by E-axles align perfectly with these goals, as they produce zero tailpipe emissions, reduce dependence on fossil fuels, and have a lower overall carbon footprint compared to traditional internal combustion engine (ICE) vehicles. Many companies and fleet operators are making commitments to reduce their carbon emissions and operate more sustainably. Electrifying their vehicle fleets, often through the adoption of E-axles and EVs, is a key strategy to achieve these goals. For instance, companies in the delivery and logistics sector are transitioning to electric delivery vans equipped with E-axles to reduce emissions and operating costs. Additionally, automakers are under pressure to demonstrate their commitment to sustainability. They are investing heavily in electric and hybrid vehicle offerings, including electric SUVs, sedans, and even electric trucks, all of which rely on E-axles for propulsion. Sustainability initiatives extend beyond individual companies and include entire industries and regions. Many cities and municipalities are implementing zero-emission zones or restrictions on high-emission vehicles, which further incentivizes the adoption of electric vehicles and E-axle technology. As sustainability continues to be a top priority for various stakeholders, the automotive E-axle market is expected to experience sustained growth as part of a broader effort to reduce the environmental impact of transportation.

Consumer Demand for Electric Vehicles

Consumer demand for electric vehicles is a significant driver of the automotive E-axle market. As consumers become more environmentally conscious and seek to reduce their carbon footprint, many are turning to electric vehicles as a cleaner and more sustainable mode of transportation. E-axles play a pivotal role in enhancing the driving experience of electric vehicles. They provide efficient power delivery, instant torque, and regenerative braking, making electric vehicles appealing in terms of performance and efficiency. Consumers appreciate the quiet and smooth operation of EVs, which are made possible by the integration of E-axles. The availability of a wide range of electric vehicle models, from compact electric cars to electric SUVs and luxury electric vehicles, caters to diverse consumer preferences. E-axles are adaptable to various vehicle types and sizes, enabling automakers to offer a wide selection of electric models. Furthermore, as electric vehicles become more affordable due to advancements in technology and economies of scale, the barrier to entry for consumers decreases. Government incentives and subsidies for EVs, coupled with lower operating costs, make electric vehicles increasingly attractive. As consumer demand for electric vehicles continues to grow, automakers are ramping up their electric vehicle production, resulting in a corresponding increase in the demand for E-axles.

Urbanization and Urban Mobility Challenges

The global trend of urbanization is driving the need for cleaner and more efficient urban mobility solutions. With more people living in cities, there is increased congestion, air pollution, and pressure to reduce traffic-related emissions. Electric vehicles equipped with E-axles are well-suited to address urban mobility challenges. They produce zero tailpipe emissions, reducing air pollution in urban areas. Additionally, EVs are quieter than traditional vehicles, contributing to reduced noise pollution. Many cities around the world are implementing initiatives to encourage the use of electric vehicles for urban transportation. These initiatives include incentives for EV purchases, dedicated EV charging infrastructure in urban centers, and the establishment of zero-emission zones. Shared mobility services, such as electric ride-sharing and electric taxis, are also adopting electric vehicles and E-axles to provide sustainable and eco-friendly transportation options in urban environments. These services benefit from lower operating costs and a reduced environmental impact. Moreover, the development of autonomous electric vehicles (AEVs) for urban mobility holds promise in addressing traffic congestion and improving transportation efficiency. AEVs are often equipped with E-axles and are designed to operate autonomously within predefined urban areas. As cities continue to grapple with the challenges of urbanization, the demand for electric vehicles, including those equipped with E-axles, is expected to rise, making urban transportation more sustainable and efficient.

Download Free Sample Report

Key Market Challenges

Cost and Complexity of Electric Vehicle (EV) Adoption

One of the primary challenges in the global automotive E-axle market is the cost and complexity associated with the widespread adoption of electric vehicles (EVs). While EVs offer numerous advantages, including reduced emissions and lower operating costs, they are often more expensive compared to traditional internal combustion engine (ICE) vehicles. E-axles, as integral components of EVs, contribute significantly to the overall vehicle cost. E-axles are complex systems that consist of various components, including electric motors, power electronics, and transmissions. These components are more expensive to manufacture than traditional ICE drivetrains. Additionally, EVs require high-capacity batteries, which further add to the overall cost of the vehicle. Furthermore, as EV technology matures and becomes more mainstream, it is expected that economies of scale will drive down the cost of E-axle components, making electric vehicles more accessible to a broader range of consumers.

Range Anxiety and Charging Infrastructure

Range anxiety, or the fear of running out of battery charge before reaching a charging station, remains a significant challenge for EV adoption and, consequently, the automotive E-axle market. Consumers often hesitate to switch to electric vehicles due to concerns about limited driving range, especially in regions with insufficient charging infrastructure. E-axle systems are directly linked to the range of an EV, as they determine the vehicle's power delivery and efficiency. To address range anxiety, automakers must invest in more energy-efficient E-axles and battery technologies. Additionally, they should work collaboratively with governments and charging infrastructure providers to expand the availability of charging stations, ensuring convenient access for EV owners. Moreover, advancements in battery technology, including higher energy density and faster charging capabilities, can help alleviate range anxiety. These developments, combined with efficient E-axle systems, can provide consumers with a more reliable and practical EV driving experience. Government incentives and investments in charging infrastructure development are crucial to overcoming this challenge and fostering EV adoption. By addressing range anxiety, automakers can increase consumer confidence in electric vehicles, ultimately driving demand for E-axle-equipped EVs.

Weight and Efficiency Optimization

Weight and efficiency optimization is a critical challenge in the automotive E-axle market. While electric vehicles offer environmental benefits, they often suffer from weight-related drawbacks, impacting overall efficiency and driving range. E-axle systems, being a substantial part of the vehicle's drivetrain, contribute to this challenge. The additional weight of electric motors, power electronics, and E-axle components can reduce the overall efficiency of the vehicle, requiring larger and heavier batteries to maintain range. This counteracts the goal of improving energy efficiency and reducing emissions. Furthermore, advancements in electric motor technology, such as higher power density and improved cooling systems, can enhance the efficiency of E-axles. Integrated regenerative braking systems can capture and store energy during deceleration, further improving overall efficiency. Weight and efficiency optimization are key considerations in the development of E-axle systems, as they directly impact the vehicle's performance, range, and environmental impact. Striking the right balance between performance and efficiency is essential for the success of electric vehicles.

Battery Technology and Energy Density

The performance and capabilities of E-axle systems are closely tied to the state of battery technology, particularly energy density. Batteries store and supply the electric power needed to drive the vehicle, and their energy density determines how much energy can be stored in a given volume or weight. E-axles depend on high-capacity batteries to provide sufficient power for electric propulsion. However, current battery technology faces limitations in terms of energy density, which can impact the range and performance of electric vehicles. Automakers and E-axle manufacturers must closely collaborate with battery suppliers to incorporate the latest advancements in battery technology into their electric vehicle designs. Additionally, optimizing E-axle systems to work seamlessly with high-energy-density batteries is crucial for maximizing vehicle efficiency and range.

Key Market Trends

Rapid Electrification of Vehicle Lineups

One of the most prominent trends in the global automotive E-axle market is the rapid electrification of vehicle lineups by major automakers. With a growing emphasis on reducing emissions and meeting stricter environmental regulations, automakers are introducing an increasing number of electric and hybrid vehicle models. E-axles are integral to the propulsion of these electrified vehicles, providing the powertrain solution needed for electric and hybrid drivetrains. As automakers strive to offer a diverse range of electric vehicles, from compact electric cars to electric SUVs and trucks, they are relying on E-axle technology to provide efficient and reliable power delivery. This trend is driven by consumer demand for cleaner and more sustainable transportation options, as well as the need for automakers to meet emissions targets and comply with stringent environmental regulations. As a result, the automotive E-axle market is experiencing substantial growth, with manufacturers ramping up production to meet the increasing demand for these crucial components. Additionally, some automakers have committed to transitioning their entire vehicle lineups to electric power within the next decade. This ambitious goal further underscores the central role of E-axles in the electrification trend, making them a cornerstone of the automotive industry's future.

Integration of Advanced Driver-Assistance Systems (ADAS) and Autonomous Driving Features

Another noteworthy trend in the automotive E-axle market is the integration of advanced driver-assistance systems (ADAS) and autonomous driving features into electric and hybrid vehicles. E-axles are not only responsible for propulsion but also play a crucial role in supporting these advanced technologies. ADAS features such as adaptive cruise control, lane-keeping assistance, and automated parking require precise control of vehicle dynamics, which E-axles can provide. The integration of electric power steering and regenerative braking systems with E-axles enhances vehicle stability and control, contributing to the effectiveness of ADAS. Moreover, as the automotive industry moves closer to full autonomy, E-axles are expected to be a key enabler. Electric and hybrid vehicles equipped with E-axles can provide the necessary electric propulsion for autonomous driving capabilities. These vehicles often feature high-torque electric motors and sophisticated control systems, which are essential for autonomous operation. The trend toward autonomy is not limited to passenger vehicles alone. Electric and hybrid commercial vehicles, including delivery vans and autonomous shuttles, are increasingly adopting E-axle technology to support autonomous driving for improved efficiency and safety. As automakers continue to invest in ADAS and autonomous driving capabilities, E-axle manufacturers are working to develop integrated solutions that meet the unique requirements of these advanced systems, driving innovation in the automotive E-axle market.

Increasing Focus on Lightweight and Compact Designs

Lightweight and compact designs are becoming increasingly important in the automotive E-axle market. As electric and hybrid vehicles strive for improved efficiency and range, reducing the weight and size of E-axle components is a critical trend. Weight reduction is essential because it directly impacts the overall efficiency and performance of electric and hybrid vehicles. Lighter E-axle systems, including electric motors and power electronics, require less energy to operate, resulting in longer driving ranges and improved energy efficiency. Moreover, reduced weight contributes to improved handling and agility. Compact designs are also in high demand as they free up space within the vehicle, providing greater flexibility for interior layout and cargo capacity. In the case of electric and hybrid commercial vehicles, compact E-axles allow for more efficient use of space, making them particularly suitable for urban delivery applications. E-axle manufacturers are responding to this trend by developing innovative materials, such as high-strength alloys and composites, and optimizing component designs to achieve weight savings without compromising performance and durability. Additionally, advancements in thermal management systems and cooling technologies are helping to maintain the compact size of E-axles while managing heat generated during operation. Automakers are increasingly prioritizing lightweight and compact E-axle designs as they seek to offer electric and hybrid vehicles that meet consumer expectations for efficiency, performance, and interior space.

Expansion of Electric Vehicle Offerings in Commercial and Heavy-Duty Segments

The expansion of electric vehicle offerings beyond passenger cars into the commercial and heavy-duty segments is a notable trend in the automotive E-axle market. Previously, electric and hybrid technology primarily targeted passenger vehicles, but it is now gaining traction in commercial trucks, buses, and specialized vehicles. E-axle systems are well-suited for commercial and heavy-duty applications due to their efficiency, torque capabilities, and ability to support regenerative braking, which is especially valuable in stop-and-go urban traffic and delivery operations. Electric delivery vans, for example, are increasingly adopting E-axle technology to reduce emissions and operating costs while providing ample cargo space. Electric buses are also a growing market for E-axles, particularly in urban transit systems where zero-emission solutions are essential. Furthermore, the development of electric and hybrid trucks for long-haul transportation is driving demand for robust and high-performance E-axle systems capable of handling the demands of heavy-duty applications. E-axle manufacturers are working closely with commercial vehicle manufacturers to develop customized solutions that meet the specific requirements of these segments. This includes designing E-axles that can handle higher loads, longer operating hours, and diverse operating conditions. The expansion of electric vehicle offerings into commercial and heavy-duty segments is expected to drive significant growth in the automotive E-axle market, opening new opportunities for E-axle manufacturers and electric drivetrain technology providers.

Shift Toward Modular and Scalable E-Axle Platforms

A notable trend in the automotive E-axle market is the shift toward modular and scalable E-axle platforms. As automakers seek to streamline production and reduce development costs, modular E-axle solutions are becoming increasingly attractive. Modular E-axle platforms allow automakers to design and manufacture a range of electric and hybrid vehicles using a common set of components. This approach simplifies development, reduces engineering time, and optimizes economies of scale. Additionally, it enables automakers to offer different power outputs and configurations to suit various vehicle models and segments. Scalability is another key aspect of this trend. Automakers can easily adjust the power output and capacity of E-axles to accommodate different vehicle sizes and performance requirements. Scalable E-axle platforms are particularly beneficial as automakers diversify their electric vehicle offerings. E-axle manufacturers are responding to this trend by developing versatile and customizable E-axle platforms that can be adapted to different vehicle architectures. This approach allows automakers to efficiently introduce new electric and hybrid models into the market, reducing development costs and time-to-market.

Segmental Insights

Vehicle Type Analysis

The market is divided into two segments based on vehicle type: passenger automobiles and commercial vehicles. The passenger car sector retained the biggest market share in 2020, owing to strong purchase incentives and subsidies granted in key regions, as well as stringent pollution rules driving large-scale electrification in this segment. The commercial vehicle category is predicted to develop at an exponential rate as public support for heavy-duty electric vehicles (HDVs) grows and private sector demand for zero-emission last-mile delivery vehicles rises.

Component Type Analysis

Based on component, the market is classified into three categories: combining motors, power electronics, and transmission. The transmission and power electronics segment holds the biggest market share. The power electronics and transmission combine to form a compact unit that powers the car's axle directly. As a result, the powertrain is not only much more affordable, but also significantly more efficient, which favors the market segment with the greatest growth potential.

Drive Type Analysis

The market is divided into three segments based on drive type: all-wheel drive (AWD), front-wheel drive (FWD), and rear-wheel drive (RWD). Due to its low weight, higher traction, and significantly lower cost and complexity in terms of design and setup, the FWD segment had the greatest market share in 2020. The AWD segment is predicted to increase at an exponential rate in the market since it provides both high-level handling and balance (as provided by RWD) and good traction (as provided by FWD)..

Download Free Sample Report

Regional Insights

Europe controlled the majority of the market. Factors such as tightening C02 emission standards and the implementation of decarbonization plans such as the EU Sustainable and Smart Mobility Strategy and Action Plan, as well as the EU Green Deal, will drive market expansion in this region.

During the projection period, Asia Pacific is expected to witness exponential market expansion. Rapid charging infrastructure deployment, 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 region.

During the forecast period, North America is predicted to grow 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 programs in order to boost zero-emission vehicle adoption and support domestic manufacturers. These reasons will drive e-axle demand in this region.

Recent Developments

ZF announced the opening of a New E-Mobility factory in China in June 2023. ZF's local development capabilities and supply chain flexibility was strengthened by the plant's opening. It also permitted novel and customized electrification solutions.
ZF will debut the AxTrax 2 electric axle platform in May 2023. This launch aided and supported the industry's future change to become more sustainable.
Dana Incorporated will release e-Axles for Class 7 and 8 cars in September 2021. This enabled the company to increase the number of commercially available heavy-duty e-Powertrain options.
Nidec announced the use of Ni200Ex, the company's 200kW e-axle traction motor system, in the ZEEKR 001, an EV made by Geely Automobile Group, one of China's leading auto manufacturers, in October 2021.
In July 2021, Schaeffler began manufacture of their 2in1 electric axles in Taicang, China. Following This e-axle will be employed by a major European automaker in addition to its acceptance in China.

Key Market Players

Dana Limited
Robert Bosch GmbH
GKN Automotive Limited
ZF Friedrichshafen AG
Continental AG
Schaeffler AG
AxleTech (Meritor, Inc.)
Linamar Corporation
Magna International Inc.
Nidec Corporation

By Vehicle Type	By Component Type	By Drive Type	By Region
Passenger Cars Commercial Vehicles	Combining Motors Power Electronics Transmission	Front Rear All Wheel	North America Europe & CIS Asia Pacific South America Middle East & Africa

Report Scope:

In this report, the Global Automotive E-Axle Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Automotive E-Axle Market, By Vehicle Type:

o Passenger Cars

o Commercial Vehicles

Automotive E-Axle Market, By Component Type:

o Combining Motors

o Power Electronics

o Transmission

Automotive E-Axle Market, By Drive Type:

o Front

o Rear

o All Wheel

Automotive E-Axle Market, By Region:

o Asia-Pacific

§ China

§ India

§ Japan

§ Indonesia

§ Thailand

§ South Korea

§ Australia

o Europe & CIS

§ Germany

§ Spain

§ France

§ Russia

§ Italy

§ United Kingdom

§ Belgium

o North America

§ United States

§ Canada

§ Mexico

o South America

§ Brazil

§ Argentina

§ Colombia

o Middle East & Africa

§ South Africa

§ Turkey

§ Saudi Arabia

§ UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Automotive E-Axle Market.

Available Customizations:

Global Automotive E-Axle market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Global Automotive E-Axle Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Introduction

1.1. Product Overview

1.2. Key Highlights of the Report

1.3. Market Coverage

1.4. Market Segments Covered

1.5. Research Tenure Considered

2. Research Methodology

2.1. Objective of the Study

2.2. Baseline Methodology

2.3. Key Industry Partners

2.4. Major Association and Secondary Sources

2.5. Forecasting Methodology

2.6. Data Triangulation & Validation

2.7. Assumptions and Limitations

3. Executive Summary

3.1. Market Overview

3.2. Market Forecast

3.3. Key Regions

3.4. Key Segments

4. Impact of COVID-19 on Global Automotive E-Axle Market

5. Global Automotive E-Axle Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value

5.2. Market Share & Forecast

5.2.1. By Vehicle Type Market Share Analysis (Passenger Cars, Commercial Vehicles)

5.2.2. By Component Type Market Share Analysis (Combining Motors, Power Electronics, Transmission)

5.2.3. By Drive Type Market Share Analysis (Front, Rear, All wheel)

5.2.4. By Regional Market Share Analysis

5.2.4.1. Asia-Pacific Market Share Analysis

5.2.4.2. Europe & CIS Market Share Analysis

5.2.4.3. North America Market Share Analysis

5.2.4.4. South America Market Share Analysis

5.2.4.5. Middle East & Africa Market Share Analysis

5.2.5. By Company Market Share Analysis (Top 5 Companies, Others - By Value & Volume, 2022)

5.3. Global Automotive E-Axle Market Mapping & Opportunity Assessment

5.3.1. By Vehicle Type Market Mapping & Opportunity Assessment

5.3.2. By Component Type Market Mapping & Opportunity Assessment

5.3.3. By Drive Type Market Mapping & Opportunity Assessment

5.3.4. By Regional Market Mapping & Opportunity Assessment

6. Asia-Pacific Automotive E-Axle Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.2. Market Share & Forecast

6.2.1. By Vehicle Type Market Share Analysis

6.2.2. By Component Type Market Share Analysis

6.2.3. By Drive Type Market Share Analysis

6.2.4. By Country Market Share Analysis

6.2.4.1. China Market Share Analysis

6.2.4.2. India Market Share Analysis

6.2.4.3. Japan Market Share Analysis

6.2.4.4. Indonesia Market Share Analysis

6.2.4.5. Thailand Market Share Analysis

6.2.4.6. South Korea Market Share Analysis

6.2.4.7. Australia Market Share Analysis

6.2.4.8. Rest of Asia-Pacific Market Share Analysis

6.3. Asia-Pacific: Country Analysis

6.3.1. China Automotive E-Axle Market Outlook

6.3.1.1. Market Size & Forecast

6.3.1.1.1. By Value

6.3.1.2. Market Share & Forecast

6.3.1.2.1. By Vehicle Type Market Share Analysis

6.3.1.2.2. By Component Type Market Share Analysis

6.3.1.2.3. By Drive Type Market Share Analysis

6.3.2. India Automotive E-Axle Market Outlook

6.3.2.1. Market Size & Forecast

6.3.2.1.1. By Value

6.3.2.2. Market Share & Forecast

6.3.2.2.1. By Vehicle Type Market Share Analysis

6.3.2.2.2. By Component Type Market Share Analysis

6.3.2.2.3. By Drive Type Market Share Analysis

6.3.3. Japan Automotive E-Axle Market Outlook

6.3.3.1. Market Size & Forecast

6.3.3.1.1. By Value

6.3.3.2. Market Share & Forecast

6.3.3.2.1. By Vehicle Type Market Share Analysis

6.3.3.2.2. By Component Type Market Share Analysis

6.3.3.2.3. By Drive Type Market Share Analysis

6.3.4. Indonesia Automotive E-Axle Market Outlook

6.3.4.1. Market Size & Forecast

6.3.4.1.1. By Value

6.3.4.2. Market Share & Forecast

6.3.4.2.1. By Vehicle Type Market Share Analysis

6.3.4.2.2. By Component Type Market Share Analysis

6.3.4.2.3. By Drive Type Market Share Analysis

6.3.5. Thailand Automotive E-Axle Market Outlook

6.3.5.1. Market Size & Forecast

6.3.5.1.1. By Value

6.3.5.2. Market Share & Forecast

6.3.5.2.1. By Vehicle Type Market Share Analysis

6.3.5.2.2. By Component Type Market Share Analysis

6.3.5.2.3. By Drive Type Market Share Analysis

6.3.6. South Korea Automotive E-Axle Market Outlook

6.3.6.1. Market Size & Forecast

6.3.6.1.1. By Value

6.3.6.2. Market Share & Forecast

6.3.6.2.1. By Vehicle Type Market Share Analysis

6.3.6.2.2. By Component Type Market Share Analysis

6.3.6.2.3. By Drive Type Market Share Analysis

6.3.7. Australia Automotive E-Axle Market Outlook

6.3.7.1. Market Size & Forecast

6.3.7.1.1. By Value

6.3.7.2. Market Share & Forecast

6.3.7.2.1. By Vehicle Type Market Share Analysis

6.3.7.2.2. By Component Type Market Share Analysis

6.3.7.2.3. By Drive Type Market Share Analysis

7. Europe & CIS Automotive E-Axle Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.2. Market Share & Forecast

7.2.1. By Vehicle Type Market Share Analysis

7.2.2. By Component Type Market Share Analysis

7.2.3. By Drive Type Market Share Analysis

7.2.4. By Country Market Share Analysis

7.2.4.1. Germany Market Share Analysis

7.2.4.2. Spain Market Share Analysis

7.2.4.3. France Market Share Analysis

7.2.4.4. Russia Market Share Analysis

7.2.4.5. Italy Market Share Analysis

7.2.4.6. United Kingdom Market Share Analysis

7.2.4.7. Belgium Market Share Analysis

7.2.4.8. Rest of Europe & CIS Market Share Analysis

7.3. Europe & CIS: Country Analysis

7.3.1. Germany Automotive E-Axle Market Outlook

7.3.1.1. Market Size & Forecast

7.3.1.1.1. By Value

7.3.1.2. Market Share & Forecast

7.3.1.2.1. By Vehicle Type Market Share Analysis

7.3.1.2.2. By Component Type Market Share Analysis

7.3.1.2.3. By Drive Type Market Share Analysis

7.3.2. Spain Automotive E-Axle Market Outlook

7.3.2.1. Market Size & Forecast

7.3.2.1.1. By Value

7.3.2.2. Market Share & Forecast

7.3.2.2.1. By Vehicle Type Market Share Analysis

7.3.2.2.2. By Component Type Market Share Analysis

7.3.2.2.3. By Drive Type Market Share Analysis

7.3.3. France Automotive E-Axle Market Outlook

7.3.3.1. Market Size & Forecast

7.3.3.1.1. By Value

7.3.3.2. Market Share & Forecast

7.3.3.2.1. By Vehicle Type Market Share Analysis

7.3.3.2.2. By Component Type Market Share Analysis

7.3.3.2.3. By Drive Type Market Share Analysis

7.3.4. Russia Automotive E-Axle Market Outlook

7.3.4.1. Market Size & Forecast

7.3.4.1.1. By Value

7.3.4.2. Market Share & Forecast

7.3.4.2.1. By Vehicle Type Market Share Analysis

7.3.4.2.2. By Component Type Market Share Analysis

7.3.4.2.3. By Drive Type Market Share Analysis

7.3.5. Italy Automotive E-Axle Market Outlook

7.3.5.1. Market Size & Forecast

7.3.5.1.1. By Value

7.3.5.2. Market Share & Forecast

7.3.5.2.1. By Vehicle Type Market Share Analysis

7.3.5.2.2. By Component Type Market Share Analysis

7.3.5.2.3. By Drive Type Market Share Analysis

7.3.6. United Kingdom Automotive E-Axle Market Outlook

7.3.6.1. Market Size & Forecast

7.3.6.1.1. By Value

7.3.6.2. Market Share & Forecast

7.3.6.2.1. By Vehicle Type Market Share Analysis

7.3.6.2.2. By Component Type Market Share Analysis

7.3.6.2.3. By Drive Type Market Share Analysis

7.3.7. Belgium Automotive E-Axle Market Outlook

7.3.7.1. Market Size & Forecast

7.3.7.1.1. By Value

7.3.7.2. Market Share & Forecast

7.3.7.2.1. By Vehicle Type Market Share Analysis

7.3.7.2.2. By Component Type Market Share Analysis

7.3.7.2.3. By Drive Type Market Share Analysis

8. North America Automotive E-Axle Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value

8.2. Market Share & Forecast

8.2.1. By Vehicle Type Market Share Analysis

8.2.2. By Component Type Market Share Analysis

8.2.3. By Drive Type Market Share Analysis

8.2.4. By Country Market Share Analysis

8.2.4.1. United States Market Share Analysis

8.2.4.2. Mexico Market Share Analysis

8.2.4.3. Canada Market Share Analysis

8.3. North America: Country Analysis

8.3.1. United States Automotive E-Axle Market Outlook

8.3.1.1. Market Size & Forecast

8.3.1.1.1. By Value

8.3.1.2. Market Share & Forecast

8.3.1.2.1. By Vehicle Type Market Share Analysis

8.3.1.2.2. By Component Type Market Share Analysis

8.3.1.2.3. By Drive Type Market Share Analysis

8.3.2. Mexico Automotive E-Axle Market Outlook

8.3.2.1. Market Size & Forecast

8.3.2.1.1. By Value

8.3.2.2. Market Share & Forecast

8.3.2.2.1. By Vehicle Type Market Share Analysis

8.3.2.2.2. By Component Type Market Share Analysis

8.3.2.2.3. By Drive Type Market Share Analysis

8.3.3. Canada Automotive E-Axle Market Outlook

8.3.3.1. Market Size & Forecast

8.3.3.1.1. By Value

8.3.3.2. Market Share & Forecast

8.3.3.2.1. By Vehicle Type Market Share Analysis

8.3.3.2.2. By Component Type Market Share Analysis

8.3.3.2.3. By Drive Type Market Share Analysis

9. South America Automotive E-Axle Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value

9.2. Market Share & Forecast

9.2.1. By Vehicle Type Market Share Analysis

9.2.2. By Component Type Market Share Analysis

9.2.3. By Drive Type Market Share Analysis

9.2.4. By Country Market Share Analysis

9.2.4.1. Brazil Market Share Analysis

9.2.4.2. Argentina Market Share Analysis

9.2.4.3. Colombia Market Share Analysis

9.2.4.4. Rest of South America Market Share Analysis

9.3. South America: Country Analysis

9.3.1. Brazil Automotive E-Axle Market Outlook

9.3.1.1. Market Size & Forecast

9.3.1.1.1. By Value

9.3.1.2. Market Share & Forecast

9.3.1.2.1. By Vehicle Type Market Share Analysis

9.3.1.2.2. By Component Type Market Share Analysis

9.3.1.2.3. By Drive Type Market Share Analysis

9.3.2. Colombia Automotive E-Axle Market Outlook

9.3.2.1. Market Size & Forecast

9.3.2.1.1. By Value

9.3.2.2. Market Share & Forecast

9.3.2.2.1. By Vehicle Type Market Share Analysis

9.3.2.2.2. By Component Type Market Share Analysis

9.3.2.2.3. By Drive Type Market Share Analysis

9.3.3. Argentina Automotive E-Axle Market Outlook

9.3.3.1. Market Size & Forecast

9.3.3.1.1. By Value

9.3.3.2. Market Share & Forecast

9.3.3.2.1. By Vehicle Type Market Share Analysis

9.3.3.2.2. By Component Type Market Share Analysis

9.3.3.2.3. By Drive Type Market Share Analysis

10. Middle East & Africa Automotive E-Axle Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value

10.2. Market Share & Forecast

10.2.1. By Vehicle Type Market Share Analysis

10.2.2. By Component Type Market Share Analysis

10.2.3. By Drive Type Market Share Analysis

10.2.4. By Country Market Share Analysis

10.2.4.1. South Africa Market Share Analysis

10.2.4.2. Turkey Market Share Analysis

10.2.4.3. Saudi Arabia Market Share Analysis

10.2.4.4. UAE Market Share Analysis

10.2.4.5. Rest of Middle East & Africa Market Share Africa

10.3. Middle East & Africa: Country Analysis

10.3.1. South Africa Automotive E-Axle Market Outlook

10.3.1.1. Market Size & Forecast

10.3.1.1.1. By Value

10.3.1.2. Market Share & Forecast

10.3.1.2.1. By Vehicle Type Market Share Analysis

10.3.1.2.2. By Component Type Market Share Analysis

10.3.1.2.3. By Drive Type Market Share Analysis

10.3.2. Turkey Automotive E-Axle Market Outlook

10.3.2.1. Market Size & Forecast

10.3.2.1.1. By Value

10.3.2.2. Market Share & Forecast

10.3.2.2.1. By Vehicle Type Market Share Analysis

10.3.2.2.2. By Component Type Market Share Analysis

10.3.2.2.3. By Drive Type Market Share Analysis

10.3.3. Saudi Arabia Automotive E-Axle Market Outlook

10.3.3.1. Market Size & Forecast

10.3.3.1.1. By Value

10.3.3.2. Market Share & Forecast

10.3.3.2.1. By Vehicle Type Market Share Analysis

10.3.3.2.2. By Component Type Market Share Analysis

10.3.3.2.3. By Drive Type Market Share Analysis

10.3.4. UAE Automotive E-Axle Market Outlook

10.3.4.1. Market Size & Forecast

10.3.4.1.1. By Value

10.3.4.2. Market Share & Forecast

10.3.4.2.1. By Vehicle Type Market Share Analysis

10.3.4.2.2. By Component Type Market Share Analysis

10.3.4.2.3. By Drive Type Market Share Analysis

11. SWOT Analysis

11.1. Strength

11.2. Weakness

11.3. Opportunities

11.4. Threats

12. Market Dynamics

12.1. Market Drivers

12.2. Market Challenges

13. Market Trends and Developments

14. Competitive Landscape

14.1. Company Profiles (Up to 10 Major Companies)

14.1.1. Dana Limited

14.1.1.1. Company Details

14.1.1.2. Key Product Offered

14.1.1.3. Financials (As Per Availability)

14.1.1.4. Recent Developments

14.1.1.5. Key Management Personnel

14.1.2. Robert Bosch GmbH

14.1.2.1. Company Details

14.1.2.2. Key Product Offered

14.1.2.3. Financials (As Per Availability)

14.1.2.4. Recent Developments

14.1.2.5. Key Management Personnel

14.1.3. GKN Automotive Limited

14.1.3.1. Company Details

14.1.3.2. Key Product Offered

14.1.3.3. Financials (As Per Availability)

14.1.3.4. Recent Developments

14.1.3.5. Key Management Personnel

14.1.4. ZF Friedrichshafen AG

14.1.4.1. Company Details

14.1.4.2. Key Product Offered

14.1.4.3. Financials (As Per Availability)

14.1.4.4. Recent Developments

14.1.4.5. Key Management Personnel

14.1.5. Continental AG

14.1.5.1. Company Details

14.1.5.2. Key Product Offered

14.1.5.3. Financials (As Per Availability)

14.1.5.4. Recent Developments

14.1.5.5. Key Management Personnel

14.1.6. Schaeffler AG

14.1.6.1. Company Details

14.1.6.2. Key Product Offered

14.1.6.3. Financials (As Per Availability)

14.1.6.4. Recent Developments

14.1.6.5. Key Management Personnel

14.1.7. AxleTech (Meritor, Inc.)

14.1.7.1. Company Details

14.1.7.2. Key Product Offered

14.1.7.3. Financials (As Per Availability)

14.1.7.4. Recent Developments

14.1.7.5. Key Management Personnel

14.1.8. Linamar Corporation

14.1.8.1. Company Details

14.1.8.2. Key Product Offered

14.1.8.3. Financials (As Per Availability)

14.1.8.4. Recent Developments

14.1.8.5. Key Management Personnel

14.1.9. Magna International Inc.

14.1.9.1. Company Details

14.1.9.2. Key Product Offered

14.1.9.3. Financials (As Per Availability)

14.1.9.4. Recent Developments

14.1.9.5. Key Management Personnel

14.1.10. Nidec Corporation

14.1.10.1. Company Details

14.1.10.2. Key Product Offered

14.1.10.3. Financials (As Per Availability)

14.1.10.4. Recent Developments

14.1.10.5. Key Management Personnel

15. Strategic Recommendations

15.1. Key Focus Areas

15.1.1. Target Regions

15.1.2. Target Vehicle Type

16. About Us & Disclaimer

Figures and Tables

Frequently asked questions

What was the market size of the Global Automotive E-Axle Market in 2022?

The market size of the Global Automotive E-Axle Market was estimated to be USD 13 billion in 2022.

Which was the dominant segment By Vehicle Type in the Global Automotive E-Axle Market in 2022?

Which is the dominant region in the Global Automotive E-Axle Market?

Europe controlled most of the market. Factors such as tightening C02 emission standards and the implementation of decarbonization plans such as the EU Sustainable and Smart Mobility Strategy and Action Plan, as well as the EU Green Deal, will drive market expansion in this region. During the projection period, Asia Pacific is expected to witness exponential market expansion. Rapid charging infrastructure deployment, 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 region.

What are the major drivers for the Global Automotive E-Axle Market?

Advancements in Electric Vehicle Technology, Consumer Demand for Electric Vehicles, Environmental Concerns and Sustainability Initiatives are the major drivers for the Global Automotive E-Axle Market.

Related Reports

Srishti Verma

Business Consultant

Talk To Analyst

Press Release

Automotive E-Axle Market to Grow with a CAGR of 5.59% Globally through to 2028

Nov, 2023

Advancements in Electric Vehicle Technology, Consumer Demand for Electric Vehicles, Environmental Concerns and Sustainability Initiatives are factors driving the Global Automotive E-Axle market in th

Buy Now