Global Automotive Electric Drive Axle Market Expected to Reach XX Million by 2025
According to a new report published by Reports Monitor titled, “Automotive Electric Drive Axle Market by Type, Property & Applications: Global Opportunity Analysis and Industry Forecast, 2018–2025,” the Automotive Electric Drive Axle Market was valued at XX million in 2016 and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2018 to 2025. Asia Pacific is a leading region in automotive drive shaft market. The increase in disposal income and the launch of new compact car models by OEMs are the major elements driving the market’s growth in APAC.
Electric drive axle systems are mainly used in the electric and hybrid electric vehicles. These systems are developed for all kinds of vehicle segments and for both front as well as rear wheel drives. The use of this systems allows high flexibility and adaption to suit different engines and transmissions. It also comprises different drive components which increases safety and allows smooth drivability of vehicles.
Governmental support for ecofriendly measures is the major driver for the growth of the market. However, the additional tax on internal combustion engine vehicles is motivating the public to switch to electric vehicles thus increasing the demand for electric axles. Moreover, the usage of electric axle helps to curb tail pipe emission and therefore with adoption of such stringent laws the market is tending to grow.
The global Automotive Electric Drive Axle Market report consists of various tools and techniques including, porters, value chain, market share analysis, and others. The data used in this report is gathered from extensive primary and secondary sources. These report gives the overall idea of market trends, opportunities, restraints, challenges, and others. The report includes major players along with their development strategies such as expansion, acquisition, merger, and others.
Based on the segmentation, the market is bifurcated into various segments such as by system, by end-user, by vehicle type, and by region. As per the system segment, the market is divided into electric axle and hybrid axle. The end-users of market are mainly classified as OEMs and aftermarket. On the type of vehicle, the market is divided into passenger electric vehicle and commercial electric vehicle.
Key Question Answered: •What will be the market size in 2025 and at what rate it will grow? •Who are the major key players in global automotive electric drive axle market and what are their strategies? •Which vertical industry is expected to show major growth? •What segment and region will lead the market and why?
The major companies profiled in the report include: Robert Bosch GmbH, American Axle & Manufacturing Holdings Inc., ZF Friedrichshafen AG, GKN Plc, Magna International Inc., Schaeffler Technologies AG & Co. KG, Continental AG, Bonfiglioli Riduttori S.P.A., Borgwarner Inc., and Ziehl Abegg SE.
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