The global Electric Axle Drive market was valued at US$ 6862.3 million in 2020 and it is expected to reach US$ 17090 million by the end of 2027, growing at a CAGR of 13.4% during 2021-2027.
An axle in the automotive industry is a central shaft for a wheel or gear. It may rotate along with the wheels or with the rotation of wheels around the axle. The electric axle drive system is a platform used by the automakers to make electrification accessible. The electric axel drive is flexible for various platforms and collaborates each component to be a system. The axle is the part of driveline of a vehicle. The electric axle drive is expected to gain traction especially due to rise in demand from the automotive industries. The electric axle drive is gaining traction considering its ease of operation and popularity in the vehicles. It is used in passenger cars, light commercial vehicles, and heavy commercial vehicles.
The demand for the global electric axle drive market is majorly driven by the automotive industries. The axle is used in various vehicles as a part of electrification. The demand for the automotive electric axle drive market is fueled by the global vehicle production and technological advancement. The manufacturers focus on the longer product life cycle, light weight vehicles, cost advantages and comfort level for the customers. The latest trend forcing the manufacturers to opt for the latest technology drives the global electric axle drive market in the forecast period. Moreover, due to the advent of electric axle drive, the manufacturers offer minimum power losses which otherwise could be caused by the mechanical actions.
Global Electric Axle Drive Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Electric Axle Drive Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are Dana, ZF Friedrichshafen, GKN, American Axle & Manufacturing, Bosch, UQM Technologies and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
Find more details at: https://www.themarketreports.com/report/global-electric-axle-drive-market-outlook
Segment by Type
Segment by Application
- Passenger Cars
- Light Commercial Vehicle
- Heavy Commercial Vehicle
Table of Content:
1 Electric Axle Drive Market Overview
2 Electric Axle Drive Market Competition by Manufacturers
3 Electric Axle Drive Retrospective Market Scenario by Region
4 Global Electric Axle Drive Historic Market Analysis by Type
5 Global Electric Axle Drive Historic Market Analysis by Application
6 Key Companies Profiled
7 Electric Axle Drive Manufacturing Cost Analysis
8 Marketing Channel, Distributors and Customers
9 Electric Axle Drive Market Dynamics
10 Global Electric Axle Drive Market Forecast
11 Research Finding and Conclusion
12 Methodology and Data Source
13 Forecast by Type and by Application (2022-2027)
14 Research Finding and Conclusion
15 Methodology and Data Source
Company Name: The Market Reports
Contact Person: Shirish Gupta
Peter Barzilai is a high school pitcher and college rower turned longtime World News journalist. Peter has also written for Buzz Feed and Huffington Post and many other major publications, Peter Loves everything about sports and loves to write on trending topics and he is DailyFactsNTrends member since 2017.