Key Highlights

• An electric axle (e-axle) is an electric motor integrated into the axle pattern of a battery electric vehicle (BEV) to provide power to turn the wheels. It is made of lightweight, strong metal such as aluminum and includes bearings, shafts, pinions and gear components. It combines electrical power, electric motors and gearboxes in an integrated, compact system that reduces complexity and ensures power, power and installation space are available to the user. Today, automotive original equipment manufacturers (OEMs) rely on e-axle solutions to utilize the entire interior space of their vehicles to add batteries, passenger spacecraft, and other features. This can be attributed to the increasing awareness worldwide of the problems fossil fuel vehicles pose to human health and safety. To this end, regulatory bodies in many countries have banned the sale of fossil fuel passenger vehicles in order to reduce carbon dioxide (CO2) vehicle emissions. This has positively impacted the global demand for electric axles as it helps improve noise, vibration and weight (NVH) performance as well as energy efficiency.

• The market size of the worldwide E-Axle Systems Industry surpassed USD XX Billion in 2023, and by 2032, it is projected to reach USD XX billion, boosting at a CAGR of XX%.

• May 2022 - Nidec held a groundbreaking ceremony for the construction of the power plant in Pinghu, China's Zhejiang province. Once the facility is completed, the company aims to sell 3.6 million electric axles with a planned capacity of 7 million units by 2025.

• E-Axle is an electric vehicle consisting of axle structure, electric motor, electric motor and transmission. The unit is a compact, affordable electric drive solution for battery electric vehicles and hybrid applications. It is also used in conjunction with a conventional internal combustion engine or hybrid system. In addition, the E-Axle includes other components such as a power converter and differential, allowing for clean packaging and easy integration. Additionally, as economies of scale increase, the power cord must be cheaper, more compact, and more abundant. A key factor driving the electric vehicle market is the growth in global electric and hybrid vehicle sales and rising fuel prices. In addition, increasing global sales of electric and hybrid vehicles and increasing fuel prices also cause the electric energy market to grow. Additionally, increasing pollution, a growing automobile industry, and decreasing fossil fuel reserves have contributed to the growth of the global economy. The high cost of bridge drive technology is a major limiting factor in this market. Additionally, increased R&D activities for the development of electric and hybrid vehicles and increased electric axle deliveries in internal combustion engine vehicles should offer lucrative opportunities for the expansion of the electric axle sector. The growth of electric car sales in the world should also be able to grow in the market.

Scope of the Industry Profile

Key Players

• AxleTech International, LLC (US)

• BorgWarner Inc. (US)

• Continental AG (Germany)

• Dana Limited. (US)

• GKN (UK)

• Schaeffler AG (Germany)

• Robert Bosch GmbH (Germany)

• Nidec Corporation (Japan)

• ZF Friedrichshafen AG (Germany)

• AVL (Austria)

• Magna International Inc. (Canada)

Segmentation

By Axel Output

• Up to 50 kW

• 50 – 100 kW

• 100 – 150 kW

• 150 – 200 kW

• Above 200 kW

By Application

• Passenger Car

• Commercial Vehicle

By Drive Type

• Forward Wheel Drive

• Rear Wheel Drive

• All-Wheel Drive

By Vehicle Type

• ICE Vehicle

• Plug-in Hybrid Electric Vehicle

• Battery Powered Electric Vehicle

• Hybrid Electric Vehicle

What to Expect from Industry Profile

1. Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the E-Axle Systems market in the world.

2. Use the PORTER’s Five Forces analysis to determine the competitive intensity and therefore market attractiveness of the Global E-Axle Systems market.

3. Leading company profiles reveal details of key E-Axle Systems market players’ global operations, strategies, financial performance & their recent developments.

4. Add weight to presentations and pitches by understanding the future growth prospects of the Global E-Axle Systems market with forecast for decade by both market share (%) & revenue (USD Million).

Recent Development

• October 2022 - GKN Automotive signed a partnership with Ariel. Under the partnership, GKN will design and manufacture Ariel HIPERCAR's electric powertrains.

• September 2021 - Dana Limited begins producing electric axles for Freightliner Custom Chassis Corporation's zero-emission electric trucks. Under the contract, Dana will supply the eS9000r electric axle for Freightliner Custom Chassis Corporation's (FCCC) all-electric MT50e medium-duty last-mile delivery van. The first in Spicer's electric Zero 6 e-Axle series, the eS9000r e-Axle features the exclusive Spicer S130 rear driveshaft design with gearbox and electric motor, delivering up to 240 kW to support a driving range of 170 miles.

• September 2021 - Linamar founded eLin Product Solutions Group, focused on creating business opportunities for Linamar products in business, mobile and other new markets. The new eLIN group focuses on four areas: energy generation, energy storage, drive systems and electric vehicle models and chassis components. In the group, the company will design, develop and manufacture e-axles to increase the efficiency and performance of electric vehicles.

• August 2020 - Vitesco Technology launched the fully integrated electric drive EMR3 for Dongfeng Passenger Vehicle Company. EMR3 will be used by Dongfeng Motor in the pure electric motor of Chinese A-class car Yixuan Motor. The EMR3 delivers 120 kW of power and up to 260 Nm of torque. It weighs less than 80 kg and is a very light and complete system.

Segment Insights

By Vehicle Type

The automotive industry's shift to electrification and hybridization to meet stringent emissions standards is increasing the demand for E-Axle (electric axle) systems in internal combustion engine (ICE) vehicles. E-Axle Systems integrate electric motors, electric motors and transmissions into a single unit, providing an efficient solution for converting the exhaust gas in the vehicle engine into hybrid or small hybrid. Automakers are increasingly using electrical systems as a cost-effective and space-saving way to deliver electrical capabilities without completely overhauling the vehicle's architecture. This approach allows hybrid vehicles to benefit from regenerative braking, improved fuel efficiency and torque provided by electric motors. Additionally, E-Axle Systems are inherently easy for manufacturers to integrate, allowing the development and introduction of hybrid and electric models. As global regulations continue to tighten and consumers demand more energy-efficient and environmentally friendly options, the introduction of electric axles in connected vehicles within the hub is a glimpse into the future of automotive.

By Application

The passenger segment accounts for a large portion of the market. This segment is also considered to be the fastest growing segment in the market, registering a significant CAGR during the forecast period. This growth is due to increased use of public transportation, as many people use private vehicles instead of public transportation due to the COVID-19 pandemic. The commercial vehicle segment has a large market share in 2022. This growth is due to the growing market. The government prefers electric buses to reduce CO2 emissions and provide sustainable public transport.

Regional Insights

Asia Pacific will dominate the electric vehicle market in 2022, growing at the fastest CAGR during the forecast period and will be worth $20.97 billion in 2022. The region is rapidly experiencing massive growth, and many Asian countries continue to experience population growth. exit This is increasing the demand for sustainable transport, which will help reduce traffic congestion and pollution in the city. This has a positive impact on electric vehicles, revitalizing the regional economy. The North American market is experiencing significant growth in 2022. Increasing awareness and concern about climate change and the impact of fossil fuels are pushing consumers to use electric vehicles. This will expand the market to a wide area in the coming years. The European market will have a large market share in 2022. Many European countries have introduced policies and incentives to promote EV, including subsidies, tax credits and other aid financing. This will increase the demand for electric vehicles and lead to economic growth in the region. The market in other parts of the world will also see good growth in 2022. Many large companies increased their investments in electric vehicles, increasing sales of electric vehicle axles during the forecast period.