According to “E-Drive For Automotive Market 2019 Global Industry Outlook Report” published by Market Research Future, The Global E-Drive For Automotive Market to grow from $8,588.8 MN in 2017 to over $19,400 MN by 2023. E-Drive For Automotive Industry Report Segments Market For E-Drive For Automotive By Drive type (Front Wheel Drive, Rear Wheel Drive And All Wheel Drive), Electric Vehicle Type (BEV, HEV And PHEV), Electrical Vehicle Type (Battery Electric Vehicles, Hybrid Electric Vehicles And Plug-In Hybrid Electric Vehicles), Region.
Global E-Drive For Automotive Key Players Analyzed in Report –
Players leading the e-drive for automotive market include Robert Bosch AG (Germany), ZF Friedrichshafen (Germany), SMR (India), AVL List Gmbh (Austria), GKN PLC (UK), Magnetic Systems Technology (UK), BorgWarner (US), ACTIA Group (France), SIEMENS AG (Germany), and ABM Greiffenberger (Germany), among others.
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Global Market Highlights:
E-drive for automotive refers to the electrical drive system that can control the motion of an electric vehicle (EV). The e-drive uses electrical motors as a primary source of energy that supplies the mechanical energy to the drive for motion control. E-drive system promises several great benefits to electric vehicles, including a large range of torque, speed, and power. The e-drive market is expected to witness growth as market players leverage the various drivers that promote market growth. An overall increase in the sales of hybrid and electric vehicles has been identified and is expected to drive the growth of the e-drive for automotive market. Influenced by the desire to be more environmentally conscious and to reduce their carbon footprint, consumers have increased demand for such vehicles.
The global e-drive for automotive market was valued at USD 8.58 Bn at the end of 2017 and is expected to grow exponentially, reaching an estimated USD 19.44 Bn by the end of 2023. The e-drive market is expected to register a CAGR of 14.72%, which projects a strong upward growth for the market during the forecast period of 2017 to 2023. Surging fuel prices and growing concern for the environment combined with a growing demand for automotive vehicles is set to encourage robust growth for the global e-drive for automotive market during the assessment period. Besides e-drive systems, are independent of the environmental condition and are free from pollution. The e-drive can easily be started without any refuelling, and its efficiency is high because fewer losses occur on it. Over the past couple of years, the global e-drive for automotive market is growing rapidly due to the proliferation of electric vehicles.
Electric vehicles play a crucial role in creating a clean energy economy. EVs is a favourite topic being discussed on a global level. Due to the global warming and environmental depletion, concerns over uncontrolled carbon emission is rising, and so is intensifying the pressure on the automotive sector. Increasing investments transpired into the development of these e-drive systems is another key factor fostering market growth. According to Environmental and Energy Study Institute (EESI), in China, the sale of electric vehicles has increased from 1,90,000 in 2015 to 3,51,000 in 2016, with the number expected to grow over the course of the assessment period. According to the Rocky Mountain Institute, by 2022, there will be about 2.9 million electric vehicles on the road.
The report segments the market into four key dynamics to widen the scope of understanding,
By Drive Type: Front Wheel Drive, Rear Wheel Drive, and All Wheel Drive.
By Product: Power Electronics, E-Brake Booster, Battery, and Motor, among others.
By Electrical Vehicle Type: Battery Electric Vehicles (BEV), Hybrid Electric Vehicles (HEV), and Plug-in Hybrid Electric Vehicles (PHEV).
By Region: Asia Pacific, North America, Europe, and the Rest-of-the-World.
The North America e-drive for automotive market has emerged as a promising market, globally. Factors such as the growing demand, especially from hybrid electric vehicles segment and well-established automotive sector foster the growth of the regional market growth. Furthermore, the presence of the state-of-the-art infrastructure that allows the development and uptake of advanced technologies act as major tailwinds to the regional market growth.
The global e-drive for automotive market is led by the Asia Pacific (APAC) followed closely by Europe and North America respectively. China, particularly, has contributed significantly to the Asia-Pacific’s leading market position. China has set a target to deploy close to 5 million electronic vehicles by 2020, this degree of penetration has been governed by factors such as economic upgradation, environmental sustainability, and energy security.
The e-drive for automotive market in the European region accounts for a substantial market share, globally. Europe is the global hub for automotive research & innovations. Moreover, the resurging economy in the region is playing a crucial role in market growth, fuelling R&D activities. The UK and Germany, heading with enormous investments, futuristic technologies, and the growing electric vehicles market, account for the major growth contributors to the growth of the market in the region.
Table Of Contents
1 Executive Summary
2 Market Introduction
2.2 Scope Of The Study
2.3 Market Structure
2.4 Key Takeaways
2.5 Key Buying Criteria
3 Market Insights
4 Research Methodology
4.1 Research Process
4.2 Primary Research
4.3 Secondary Research
4.4 Market Size Estimation
4.5 Forecast Model
4.6 List Of Assumptions
5 Market Dynamics
5.2.1 Increase In Drilling Activities
5.2.2 Less Human Intervention
5.2.3 Adoption Of Automation In Oil & Gas
5.3.1 Lack Of Interoperability Of Rig Control System
5.3.2 Restraints Impact Analysis
5.4.1 Safety In Oil Rigs
5.4.2 Increased Exploration Activities In Deep Water
5.5 Supply Chain Analysis
5.6 Porter’s Five Forces Model
5.6.1 Threat Of New Entrants
5.6.2 Bargaining Power Of Suppliers
5.6.3 Bargaining Power Of Buyers
5.6.4 Threat Of Substitutes
5.6.5 Intensity Of Rivalry
List of Figures:
FIGURE 1 GLOBAL E-DRIVE FOR AUTOMOTIVE MARKET: MARKET STRUCTURE 17
FIGURE 2 KEY TAKEAWAYS OF THE E-DRIVE FOR AUTOMOTIVE MARKET 18
FIGURE 3 KEY BUYING CRITERIA OF E-DRIVE FOR AUTOMOTIVE 18
FIGURE 4 NORTH AMERICA MARKET SIZE & MARKET SHARE BY COUNTRY (2017 VS 2023) 20
FIGURE 5 EUROPE MARKET SIZE & MARKET SHARE BY COUNTRY (2017 VS 2023) 20
FIGURE 6 ASIA-PACIFIC & MARKET SHARE BY COUNTRY (2017 VS 2023) 21
FIGURE 7 ROW MARKET SIZE & MARKET SHARE BY COUNTRY (2017 VS 2023) 21
FIGURE 8 RESEARCH PROCESS OF MRFR 23
FIGURE 9 TOP DOWN & BOTTOM UP APPROACH 26
FIGURE 10 DROC ANALYSIS OF GLOBAL E-DRIVE FOR AUTOMOTIVE MARKET 28
FIGURE 11 SALES OF ELECTRIC VEHICLE (NO. OF VEHICLES) 29
FIGURE 12 DRIVERS IMPACT ANALYSIS: ABC MARKET 30
FIGURE 13 RESTRAINTS IMPACT ANALYSIS: ABC MARKET 31
FIGURE 14 VALUE CHAIN: E-DRIVE FOR AUTOMOTIVE MARKET 33
Related Report: Smart e-Drive Market
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