Bizizz Market Research has recently published a research report, “E-drive Automotive Market by Product (Power Electronics, Battery, E-brake Booster, Others), Electrical vehicle Type (Battery Electric Vehicles, Hybrid Electric Vehicles, Plug-In Hybrid Electric Vehicles), Application (E-axle drive, E-wheel drive), and Region-Global Industry Trends, Estimation & Forecast, 2019 – 2027”.
As per the report, Global E-drive Automotive Market was valued at US$ 8.22 Mn in 2018 and it is anticipated to reach at market value of US$ YY Bn by 2027, witnessing a CAGR of XX % during the forecast period. Key drivers of the market are Increasing innovation in the automotive industry will drive the E-drive for the automotive market.
E -drive for cars features a considerable request due to the worldwide surge within the fuel costs. There have been critical innovative improvements within the car industry that will have a positive effect on the e- drive for the car market. The different exacting government standards embraced universally for keeping up the contamination levels and an increment in deals of hybrid and electric vehicles will lead to market development. The increase in utility programs for supporting the selection of electric vehicles includes development. The key market players are more slanted towards electric vehicles and have begun advertising EV run for models counting, vans, hatchbacks, superminis, sedans, and expansive family cars. A smart e-Drive is an advanced integrated adaptation of the ordinary electric drive system.
The E-drive Automotive Market is anticipated to register a CAGR of over XX% during the forecast period.
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By Electric Vehicle Type, Hybrid Electric Vehicle Segment Held a Largest Share in Global E-drive Automotive Market in 2018.
By electric vehicle type, the E-drive for the automotive market has been segmented into battery electric vehicles, hybrid electric vehicles, and plug-in electric vehicles. The hybrid electric vehicles segment dominates the market with the largest share due to this vehicle type possessing a combination of better and internal combustion engine systems. Furthermore, the manufacturer offers a wide variety of models under hybrids vehicles.
By Product, Battery Segment of Global E-drive Automotive Market Is Anticipated To Witness the Fastest CAGR during the Forecast Period
By product, the E-drive for the automotive market has been segmented into power electronics, battery, e-brake booster, and others. The battery segment leads with the largest share due to the increased demand for the product from electric vehicle manufactures. This segment is expected to grow at an impressive CAGR of 13.1% during the forecast period.
Europeis Anticipated to Dominate the Global E-drive Automotive Market during the Forecast Period
The presence of larger manufacturers such as Continental AG, Faurecia, Delphi Automotive, among others. The automotive sector has provided 13.8 million jobs in the European region. The European Commission supports technological harmonization and funding research & development of the automotive industry to increase public safety. The automotive industry has been expanding in this region especially in Germany, the U.K., France, and Italy owing to the rapid technological developments in the region. The growing e-Drive automotive market is also due to government subsidies on electric vehicles in the region during the forecast period.
Global E-drive Automotive market was highly/moderately consolidated with key players accounting for significant share in 2018. Prominent players operating in the Global E-drive Automotive Market are: Robert Bosch GmbH, SIEMENS AG, GKN PLC, ZF Friedrichshafen AG, ACTIA GROUP, Hitachi Automotive Systems, Ltd, Continental AG, Magna International Inc, MAHLE GmbH, BorgWarner Inc, and ABM Greiffenberger.
Impact of COVID-19 on Economy, Industry and Company
The emergence of novel coronavirus has affected the global economy, industry dynamics and company’s top line. The entire ecosystem has to suffer the impact of this pandemic disease which would result in demand & supply gap, production delay and weak consumer demand of end products across industries.
At Bizizz Market Research, our analyst has done extensive research across industries and identified various methodologies which would assist C-Level executives to counter this ongoing threat and make informed business decisions.
Areas at which Bizizz Market Research would help decision makers are:
a) Insights on current demand & supply gap analysis
b) Impact on value chain and supply chain and strategies adopted to off set its impact
c) Impact on Industry / company revenue and predictive intelligence on forecast sales
d) In-depth analysis on market segmentation – both value and volume analysis
e) Market assessment, regional
and country attractiveness, competitive benchmarking
and entry strategy
f) Prioritizing strategies and
how it would impact company’s short to long-term business
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