Automotive Electric Drivetrain System Market Key Companies Analyzed For This Research Are:
Aisin Seiki Co., Ltd. (Japan), American Axle & Manufacturing, Inc. (U.S.), GKN plc (U.S.), and Magna International Inc. (Canada), BorgWarner Inc. (U.S.), Dana Holding Corporation (U.S.), JTEKT Corporation (Japan), TM4 (Canada), Magtec (U.K.), Delphi Automotive LLP (U.K), Visedo (Finland), Parker Hannifin Corp (U.S.), Punch Powertrain Nv (Belgium), AVTEC LTD (India), and AxleTech International SAS (U.S.).
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Automotive Electric Drivetrain System Market Highlights:
Use of electric drivetrain among electric vehicle manufacturers will increase the sales of electric vehicle. The hike in fuel prices will also result in OEMs to shift toward the development of electric vehicle. Thus, the preferences of electric vehicle manufacturers, and OEMs will add greatly to the growth of e-drives. The increase in the utility program supports the adoption of electric vehicles. According to Rocky Mountain Institute, there will be about 2.9 million electric vehicles on the road by 2022. The growing demand of electric vehicle will add over 11,000 Gigawatt-hours of electricity demand over the world’s grid. The increase adoption of power grid will provide energy for charging of electric vehicles, which will eventually drive the market in future.
Also, the increase in the sales of hybrid and electric vehicles will result in the growing demand for electric drivetrain in future. According to Environmental and Energy Study Institute (EESI), in China, the sale of electric vehicle has increased to 3, 51,000 in 2016 from 1, 90,000 in 2015. In Europe and U.S., the sales of electric vehicle have also witnessed an increase from 2015 to 2016. This increase will enable the manufacturers to develop more electric drivetrain for installation in electric vehicles.
Asia Pacific region is expected to dominate the electric drivetrain market in future due to the presence of countries such as China and Japan, who are the manufacturing hub for electric vehicles. The penetration of EVs in Chinese market has three critical and interlinked priorities, which include economic up gradation, environment sustainability, and energy security. China has strengthen its industry leadership by making profits across all scopes of the supply side of electric vehicles containing current and projected production of electric vehicle and their components, such as electric motors and lithium-ion battery cells. Europe is expected to be the second largest region to grow due to the development of more sustainable circular economy and carbon-free transport system.
The global Automotive Electric Drivetrain System market is segmented in to 3 key dynamics for the convenience of the report and enhanced understanding;
- Segmentation by Type: Comprises All-Wheel Drive, Rear Wheel Drive, Front Wheel Drive
- Segmentation by Electric Vehicle Drivetrain Type: Comprises BEV, PHEV, HEV
- Segmentation by Vehicle Type: Comprises Passenger car and Commercial Vehicle
- Segmentation by Regions: Comprises Geographical regions – North America, Europe, APAC and Rest of the World.
Target Audience of Report:
This report mainly focuses on Automotive Electric Drivetrain System Distributer & Supplier companies, and end Users. Investment bankers and consultants with end user for Automotive Electric Drivetrain System market also analyzed. And finally Government and Independent Regulatory Authorities involved with Global Automotive Electric Drivetrain System market are studied in this report.
Global Automotive Electric Drivetrain System market Research Insights:
The report for Global Automotive Electric Drivetrain System Market of “Market Research Future” comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
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