E-Axle Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

An E-Axle is a kind of electro-mechanical propulsion system equipped with electric motor, axle structures, transmission units and power electronics. E-Axle is a cost-effective and compact electric drive solution for many hybrid electric vehicles, battery electric vehicles and plug-in hybrid electric vehicles. Efficiency of powertrain increases with such e-axles. Owing to advancing electrical technology, demand for e-axles is anticipated to rise in near future all over the world.

MARKET SCOPE

The "Global E-Axle Market Analysis to 2031" is a specialized and in-depth study of the automotive and transportation industry with a special focus on the global market trend analysis. The report aims to provide an overview of the e-axle market with detailed market segmentation by component, drive type, electric vehicle type, and geography. The report provides key statistics on the market status of the leading e-axle market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

• Based on component, the global e-axle market is segmented into combining motors, power electronics, transmission and others.
• On the basis of drive type, the market is segmented into forward wheel drive, rear wheel drive and all-wheel drive.
• Based on electric vehicle type, the market is bifurcated into hybrid electric vehicle, battery electric vehicle and plug-in hybrid electric vehicle.

MARKET DYNAMICS

Drivers:

• Rising demand for electric & hybrid vehicles all over the world.
• Growing awareness about the benefits of e-axles drive the market growth further.

Restraints:

• High cost involved with electric axle drive system may prove to be a restraining factor to some extent.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The e-axle market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the e-axle market in these regions.

IMPACT OF COVID-19 ON E-AXLE MARKET

The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities. The pandemic restricted the movement of people from one place to another and affected the production of vehicles negatively. Considering this, demand for e-axles also decreased to a considerable extent.

MARKET PLAYERS

The report covers key developments in the e-axle market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from e-axle market are anticipated to lucrative growth opportunities in the future with the rising demand for e-axles in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the e-axle market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

• Allison Transmission Inc.
• AVL List GmbH
• Dana Limited
• GKN Automotive Limited
• JK Fenner
• Meritor, Inc.
• Robert Bosch GmbH
• Sona Comstar
• ZF Friedrichshafen AG

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

E-Axle Report Scope