E-Axle Market by Product Type, Distribution Channel, End User 2023-2028

Author: Elena Anderson Marketing Manager

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Global E-Axle Market Research Report 2023-2028:

According to the latest report by IMARC Group, titled " E-Axle Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028 ," the global E-axle market size reached US$ 3.6 Billion in 2022.

An electric axle (e-axle) refers to a power source system that is generally used in the manufacturing of vehicles. It is a compact driving solution that is mainly composed of high-strength metal with various components, such as shafts, bearings and pinions, that aid in holding the commutator and rotor of an automobile. It functions by converting electrical energy into mechanical to provide speed to the vehicle while simultaneously amplifying and customizing the torque and power of the motor.

Besides this, due to the widespread adoption of silicon carbide semiconductor technology in the manufacturing process of e-axile, it offers high flexibility and scalability while improving the overall performance of vehicles.

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Global E-Axle Market Trends:

The global market is primarily driven by the rising preference for electric vehicles (EVs) among individuals due to an enhanced focus on sustainable development among the masses. Coupled with rapid urbanization and inflating disposable income levels of individuals, this is catalyzing the product demand across the globe. In line with this, numerous initiatives undertaken by the government of multiple countries for implementing stringent emission norms are acting as another major growthinducing factor. Moreover, several leading manufacturers are heavily investing in the launching of lightweight automobile variants for enhancing fuel efficiency, which is creating a positive market outlook.

Additionally, continual technological advancements in the manufacturing of EVs are expected to drive the product demand. Other factors, including continual improvements in the automotive industry, continuous product innovations and extensive research and development (R&D) activities conducted by key players, are also positively influencing the market growth.

Looking forward, IMARC Group expects the market to reach a value of US$ 10.9 Billion by 2028, exhibiting at a CAGR of 20.2% during 2023-2028.

View Report TOC, Figures and Tables: https://www.imarcgroup.com/e-axle-market

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Key Market Segmentation

The research report includes the following segments:

Breakup by Component Type:

• Combining Motors

• Power Electronics

• Transmission

• Others

Breakup by Vehicle Type:

• ICE Vehicles

• Passenger Vehicle

• Commercial Vehicle

• Electric Vehicle

Breakup by Drive Type:

• Forward Wheel Drive

• Rear Wheel Drive

• All Wheel Drive

Breakup by Region:

• North America

• Asia Pacific

• Europe

• Latin America

• Middle East and Africa

Competitive Landscape with Key Players:

• AVL List GmbH

• Axletech International (Meritor Inc)

• Borgwarner Inc

• Continental AG

• Dana Incorporated

• GKN Plc (Melrose Industries)

• Nidec Corporation

• Robert Bosch GmbH

• Schaeffler Technologies AG & Co. KG

• ZF Friedrichshafen AG (Zeppelin-Stiftung).

1. What was the size of the global E-axle market in 2022?

2. What is the expected growth rate of the global E-axle market during 2023-2028?

3. What are the key factors driving the global E-axle market?

4. What has been the impact of COVID-19 on the global E-axle market?

5. What is the breakup of the global E-axle market based on the component type?

6. What is the breakup of the global E-axle market based on the vehicle type?

7. What is the breakup of the global E-axle market based on the drive type?

8. What are the key regions in the global E-axle market?

9. Who are the key players/companies in the global E-axle market?

7.1.2 Key Segments

Click here to visit the complete table of content with list of figures and tables: https://www.imarcgroup.com/e-axle-market/toc

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