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Automotive Electric Drive Axle Trends and Forecast
The future of the global automotive electric drive axle market looks promising with opportunities in the passenger cars and commercial vehicle markets. The global automotive electric drive axle market is expected to grow with a CAGR of 14.7% from 2024 to 2030. The major drivers for this market are escalating demand for electric and hybrid vehicles and rising emission standards.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Automotive Electric Drive Axle by Segment
The study includes a forecast for the global automotive electric drive axle by type, sales channel, vehicle type, and region.
Automotive Electric Drive Axle Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Electric Axle
• Hybrid Axle
• Others
Automotive Electric Drive Axle Market by Sales Channel [Shipment Analysis by Value from 2018 to 2030]:
• OEM
• Aftermarket
• Others
Automotive Electric Drive Axle Market by Vehicle Type [Shipment Analysis by Value from 2018 to 2030]:
• Passenger Cars
• Commercial Vehicle
• Others
Automotive Electric Drive Axle Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Automotive Electric Drive Axle Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies automotive electric drive axle companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the automotive electric drive axle companies profiled in this report include-
• American Axle & Manufacturing
• Zf Friedrichshafen
• GKN
• Continental
• Magna International
• Schaeffler Technologies
• Axle Tech International
Automotive Electric Drive Axle Market Insights
Lucintel forecasts that hybrid axle will remain the largest segment over the forecast period due to increasing popularity of hybrid electric vehicles.
Within this market, passenger cars will remain the largest segment due to government policies and regulations.
APAC will remain the largest region over the forecast period due to high EV sales, majorly from China.
Features of the Global Automotive Electric Drive Axle Market
Market Size Estimates: Automotive electric drive axle market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Automotive electric drive axle market size by type, sales channel, vehicle type, and region in terms of value ($B).
Regional Analysis: Automotive electric drive axle market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different type, sales channel, vehicle type, and regions for the automotive electric drive axle market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the automotive electric drive axle market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for automotive electric drive axle market?
Answer: The global automotive electric drive axle market is expected to grow with a CAGR of 14.7% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the automotive electric drive axle market?
Answer: The major drivers for this market are escalating demand for electric and hybrid vehicles and rising emission standards.
Q3. What are the major segments for automotive electric drive axle market?
Answer: The future of the automotive electric drive axle market looks promising with opportunities in the passenger cars and commercial vehicle markets.
Q4. Who are the key automotive electric drive axle market companies?
Answer: Some of the key automotive electric drive axle companies are as follows:
• American Axle & Manufacturing
• Zf Friedrichshafen
• GKN
• Continental
• Magna International
• Schaeffler Technologies
• Axle Tech International
Q5. Which automotive electric drive axle market segment will be the largest in future?
Answer: Lucintel forecasts that hybrid axle will remain the largest segment over the forecast period due to increasing popularity of hybrid electric vehicles.
Q6. In automotive electric drive axle market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region over the forecast period due to high EV sales, majorly from China.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the automotive electric drive axle market by type (electric axle, hybrid axle, and others), sales channel (OEM, aftermarket, and others), vehicle type (passenger cars, commercial vehicle, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Automotive Electric Drive Axle Market, Automotive Electric Drive Axle Market Size, Automotive Electric Drive Axle Market Growth, Automotive Electric Drive Axle Market Analysis, Automotive Electric Drive Axle Market Report, Automotive Electric Drive Axle Market Share, Automotive Electric Drive Axle Market Trends, Automotive Electric Drive Axle Market Forecast, Automotive Electric Drive Axle Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Automotive Electric Drive Axle Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Automotive Electric Drive Axle Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Automotive Electric Drive Axle Market by Type
3.3.1: Electric Axle
3.3.2: Hybrid Axle
3.3.3: Others
3.4: Global Automotive Electric Drive Axle Market by Sales Channel
3.4.1: OEM
3.4.2: Aftermarket
3.4.3: Others
3.5: Global Automotive Electric Drive Axle Market by Vehicle Type
3.5.1: Passenger Cars
3.5.2: Commercial Vehicle
3.5.3: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Automotive Electric Drive Axle Market by Region
4.2: North American Automotive Electric Drive Axle Market
4.2.2: North American Automotive Electric Drive Axle Market by Vehicle Type: Passenger Cars, Commercial Vehicle, and Others
4.3: European Automotive Electric Drive Axle Market
4.3.1: European Automotive Electric Drive Axle Market by Type: Electric Axle, Hybrid Axle, and Others
4.3.2: European Automotive Electric Drive Axle Market by Vehicle Type: Passenger Cars, Commercial Vehicle, and Others
4.4: APAC Automotive Electric Drive Axle Market
4.4.1: APAC Automotive Electric Drive Axle Market by Type: Electric Axle, Hybrid Axle, and Others
4.4.2: APAC Automotive Electric Drive Axle Market by Vehicle Type: Passenger Cars, Commercial Vehicle, and Others
4.5: ROW Automotive Electric Drive Axle Market
4.5.1: ROW Automotive Electric Drive Axle Market by Type: Electric Axle, Hybrid Axle, and Others
4.5.2: ROW Automotive Electric Drive Axle Market by Vehicle Type: Passenger Cars, Commercial Vehicle, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Automotive Electric Drive Axle Market by Type
6.1.2: Growth Opportunities for the Global Automotive Electric Drive Axle Market by Sales Channel
6.1.3: Growth Opportunities for the Global Automotive Electric Drive Axle Market by Vehicle Type
6.1.4: Growth Opportunities for the Global Automotive Electric Drive Axle Market by Region
6.2: Emerging Trends in the Global Automotive Electric Drive Axle Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Automotive Electric Drive Axle Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Automotive Electric Drive Axle Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: American Axle & Manufacturing
7.2: ZF Friedrichshafen
7.3: GKN
7.4: Continental
7.5: Magna International
7.6: Schaeffler Technologies
7.7: Axle Tech International
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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