E -drive for automotive features a substantial demand because of the worldwide surge within the fuel prices. There are substantial technical developments within the automotive industry which will have a progressive impression on the e-drive for automotive market. The varied stringent government norms adopted globally for maintaining the pollution levels and a rise in sales of hybrid and electric vehicles will cause the market growth. The rise in utility programs for supporting the adoption of electrical vehicles adds to the expansion.
The important market players are more tending towards electric vehicles and have started offering EV range for models including, hatchbacks, vans, superminis, enormous family cars and sedans. The increased deployment of grid systems will support the charging of electrical vehicles and can increase the demand for electric drive systems. The rise in electric vehicles sales in emerging economies could be a primary growth opportunity for e-drives.
“Global E-Drive for Automotive Market was Valued at US$ XX Bn in 2018 and it is Expected to Reach More than US$ XX Bn by 2027, Likely to Grow with the CAGR of 4.12% During the Forecast Period”
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On the basis of component, the market is segmented into power electronics, inverter, e-brake booster, battery motor, and others. Among these, battery segment has the most important share as they’re the most source of electrical power that’s required to run the vehicle
Apart from North America, Europe accounts for a significant share of the worldwide Smart e-Drive for Automotive market, due to the high adoption rate of smart e-Drive and upgrade of infrastructure within the region. Automotive industry has been expanding during this region especially in Germany, U.K., France, and Italy due to the rapid technological developments within the region. Growing smart e-Drive market is additionally thanks to government subsidies on electric vehicle within the region during the forecast period.
In December 2019 GKN Automotive launched subsequent introduce its electrification strategy. The leading supplier of all-wheel drive and electric driveline technology and systems is standardizing a variety of intelligent highly integrated “3-in-1” P4 electric drive systems for pure electric and plug-in hybrid vehicles, during a move to decrease cost and increase efficiency. Key industry players like 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, among others.
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
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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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