Electric Axle Drive Systems are drive systems that are majorly used in the electrical and hybrid electric vehicles. These systems are developed for all vehicle segments and for both front and rear wheel drives. The use of Electric Axle Drive Systems enables high flexibility and adaptation to suit various engines and transmissions. The electric axle drives also incorporate several drive components which increases safety and enable smooth drivability of vehicles.
Electric Axle Drive Systems Market contains market size and forecasts of Electric Axle Drive Systems in global, including the following market information:
- Global Electric Axle Drive Systems Market Revenue, 2017-2022, 2023-2028, ($ millions)
- Global Electric Axle Drive Systems Market Sales, 2017-2022, 2023-2028, (K Units)
Global top five Electric Axle Drive Systems companies in 2021 (%)
The global Electric Axle Drive Systems market was valued at 4273.5 million in 2021 and is projected to reach US$ 6962.7 million by 2028, at a CAGR of 7.2% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Electric Systems Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Electric Axle Drive Systems include Robert Bosch, American Axle & Manufacturing, ZF Friedrichshafen, GKN, Magna International, Schaeffler Technologies, Continental, Bonfiglioli Riduttori and Borgwarner and etc. In 2021, the global top five players have a share approximately % in terms of revenue.
We surveyed the Electric Axle Drive Systems manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Electric Axle Drive Systems Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Electric Axle Drive Systems Market Segment Percentages, by Type, 2021 (%)
- Electric Systems
- Hybrid Electric Systems
Global Electric Axle Drive Systems Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Electric Axle Drive Systems Market Segment Percentages, by Application, 2021 (%)
- Passenger Cars
- Light Commercial Vehicles
- Heavy Commercial Vehicles
Global Electric Axle Drive Systems Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Electric Axle Drive Systems Market Segment Percentages, By Region and Country, 2021 (%)
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Russia
- Nordic Countries
- Benelux
- Rest of Europe
- Asia
- China
- Japan
- South Korea
- Southeast Asia
- India
- Rest of Asia
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- Turkey
- Israel
- Saudi Arabia
- UAE
- Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
- Key companies Electric Axle Drive Systems revenues in global market, 2017-2022 (Estimated), ($ millions)
- Key companies Electric Axle Drive Systems revenues share in global market, 2021 (%)
- Key companies Electric Axle Drive Systems sales in global market, 2017-2022 (Estimated), (K Units)
- Key companies Electric Axle Drive Systems sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
- Robert Bosch
- American Axle & Manufacturing
- ZF Friedrichshafen
- GKN
- Magna International
- Schaeffler Technologies
- Continental
- Bonfiglioli Riduttori
- Borgwarner
- Ziehl Abegg
Industry Market Size
