Market Overview:
The global electric vehicle drive system market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for electric vehicles across the globe. Electric vehicles are powered by an electric motor, which drives the wheels of the vehicle. The controller regulates power to the motor, while transmission ensures smooth and efficient power delivery from the engine to wheels. Major players in this market include Robert Bosch GmbH (Germany), Continental AG (Germany), ZF Friedrichshafen AG (Germany), Magna International Inc. (Canada) and Denso Corporation (Japan).
Product Definition:
An electric drive system consists of an electric motor, a controller, and power electronics. It converts electrical energy from a battery into mechanical energy to propel a vehicle. Electric drive systems are important for two reasons. First, they are more efficient than gasoline engines and produce less pollution.
Motor:
The electric vehicle drive system market size was valued at USD 6.0 billion in 2016 and is expected to witness a CAGR of XX% over the forecast period. The increasing environmental concerns owing to the high emission levels from conventional fuel-driven vehicles are anticipated to propel growth over the coming years.
Controller:
The controller is a device that regulates and monitors the performance of an electric vehicle drive system. It ensures that the desired output is achieved by measuring input-output parameters such as speed, current, voltage, power consumption etc. The EVDS uses controllers to regulate battery charge level and manage motor speeds in order to achieve desired range and efficiency during driving.
Application Insights:
The battery electric vehicle segment dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this segment can be attributed to increasing production of battery-operated vehicles in several countries, such as China, Japan, and Germany. Moreover, favorable government policies regarding emission reduction are also driving the demand for electric vehicles across several regions.
The plug-in hybrid vehicle segment is expected to witness significant growth over the forecast period owing to rising adoption of advanced technology products by major automotive manufacturers worldwide. For instance, Toyota Motor Corporation has announced that it will deploy hybrid systems even if they result in a small increase in overall costs during development stages since these systems offer better fuel economy than conventional gasoline engines do. Such initiatives by major players are anticipated to boost product demand globally over the coming years.
Regional Analysis:
The Asia Pacific regional market accounted for the largest share of over 55% in 2017. The region is anticipated to witness a CAGR of XX% from 2018 to 2030. This growth can be attributed to increasing government initiatives and investments in the field, rising disposable income, and growing awareness about electric vehicles among consumers. Moreover, China has been making huge investments in this sector as part of its efforts towards reducing carbon footprint by shifting from conventional fuel-based vehicles towards electric ones.
Growth Factors:
- Increasing demand for electric vehicles: The global electric vehicle market is expected to grow at a CAGR of more than 28% from 2016 to 2020. This growth can be attributed to the increasing demand for environment-friendly and fuel-efficient vehicles.
- Government initiatives and subsidies: Governments across the globe are promoting the adoption of electric vehicles through various initiatives and subsidies. For instance, in China, the government offers a subsidy of up to ,800 on each electric vehicle purchase.
- Reduction in battery costs: The cost of batteries accounts for a significant proportion of the overall cost of an electric vehicle. However, over the past few years, there has been a significant reduction in battery costs due to advancements in technology and increased production volumes.
- Development of charging infrastructure: A major challenge faced by potential buyers of electric vehicles is lack of charging infrastructure . However, with governments and private players investing heavily in developing charging infrastructure , this challenge is gradually being addressed .
Scope Of The Report
Report Attributes
Report Details
Report Title
Electric Vehicle Drive System Market Research Report
By Type
Motor, Controller, Transmission
By Application
BEV, PHEV
By Companies
BYD, Broad-Ocean, Bosch, JEE, Hitachi, Jing-Jin Electric, Mitsubishi Electric, UAE, HASCO CO, MAGNA, ZF, Greatland Electrics, HEPU POWER, Founder Motor, Inovance Automotive
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
161
Number of Tables & Figures
113
Customization Available
Yes, the report can be customized as per your need.
Global Electric Vehicle Drive System Market Report Segments:
The global Electric Vehicle Drive System market is segmented on the basis of:
Types
Motor, Controller, Transmission
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
BEV, PHEV
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- BYD
- Broad-Ocean
- Bosch
- JEE
- Hitachi
- Jing-Jin Electric
- Mitsubishi Electric
- UAE
- HASCO CO
- MAGNA
- ZF
- Greatland Electrics
- HEPU POWER
- Founder Motor
- Inovance Automotive
Highlights of The Electric Vehicle Drive System Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Motor
- Controller
- Transmission
- By Application:
- BEV
- PHEV
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Electric Vehicle Drive System Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
The electric vehicle drive system is the electrical subsystem that converts the mechanical energy of an electric motor into forward motion.
Some of the major players in the electric vehicle drive system market are BYD, Broad-Ocean, Bosch, JEE, Hitachi, Jing-Jin Electric, Mitsubishi Electric, UAE, HASCO CO, MAGNA, ZF, Greatland Electrics, HEPU POWER, Founder Motor, Inovance Automotive.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Electric Vehicle Drive System Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Electric Vehicle Drive System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Electric Vehicle Drive System Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Electric Vehicle Drive System Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Electric Vehicle Drive System Market Size & Forecast, 2018-2028
4.5.1 Electric Vehicle Drive System Market Size and Y-o-Y Growth
4.5.2 Electric Vehicle Drive System Market Absolute $ Opportunity
Chapter 5 Global Electric Vehicle Drive System Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Electric Vehicle Drive System Market Size Forecast by Type
5.2.1 Motor
5.2.2 Controller
5.2.3 Transmission
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Electric Vehicle Drive System Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Electric Vehicle Drive System Market Size Forecast by Applications
6.2.1 BEV
6.2.2 PHEV
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Electric Vehicle Drive System Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Electric Vehicle Drive System Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Electric Vehicle Drive System Analysis and Forecast
9.1 Introduction
9.2 North America Electric Vehicle Drive System Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Electric Vehicle Drive System Market Size Forecast by Type
9.6.1 Motor
9.6.2 Controller
9.6.3 Transmission
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Electric Vehicle Drive System Market Size Forecast by Applications
9.10.1 BEV
9.10.2 PHEV
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Electric Vehicle Drive System Analysis and Forecast
10.1 Introduction
10.2 Europe Electric Vehicle Drive System Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Electric Vehicle Drive System Market Size Forecast by Type
10.6.1 Motor
10.6.2 Controller
10.6.3 Transmission
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Electric Vehicle Drive System Market Size Forecast by Applications
10.10.1 BEV
10.10.2 PHEV
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Electric Vehicle Drive System Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Electric Vehicle Drive System Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Electric Vehicle Drive System Market Size Forecast by Type
11.6.1 Motor
11.6.2 Controller
11.6.3 Transmission
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Electric Vehicle Drive System Market Size Forecast by Applications
11.10.1 BEV
11.10.2 PHEV
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Electric Vehicle Drive System Analysis and Forecast
12.1 Introduction
12.2 Latin America Electric Vehicle Drive System Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Electric Vehicle Drive System Market Size Forecast by Type
12.6.1 Motor
12.6.2 Controller
12.6.3 Transmission
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Electric Vehicle Drive System Market Size Forecast by Applications
12.10.1 BEV
12.10.2 PHEV
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Electric Vehicle Drive System Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Electric Vehicle Drive System Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Electric Vehicle Drive System Market Size Forecast by Type
13.6.1 Motor
13.6.2 Controller
13.6.3 Transmission
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Electric Vehicle Drive System Market Size Forecast by Applications
13.10.1 BEV
13.10.2 PHEV
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Electric Vehicle Drive System Market: Competitive Dashboard
14.2 Global Electric Vehicle Drive System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BYD
14.3.2 Broad-Ocean
14.3.3 Bosch
14.3.4 JEE
14.3.5 Hitachi
14.3.6 Jing-Jin Electric
14.3.7 Mitsubishi Electric
14.3.8 UAE
14.3.9 HASCO CO
14.3.10 MAGNA
14.3.11 ZF
14.3.12 Greatland Electrics
14.3.13 HEPU POWER
14.3.14 Founder Motor
14.3.15 Inovance Automotive
