Market Overview:
The global electric vehicle drive unit 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 electricity and do not emit harmful gases, which makes them environment-friendly. This is one of the major factors that is driving the demand for electric vehicles, thereby propelling the growth of the global electric vehicle drive unit market. Additionally, governments across various countries are providing incentives and subsidies for purchasing or using electric vehicles, which is also aiding in boosting sales of these vehicles and in turn fuelling growth of this market. On basis on type, motor segment accounted for majority share in 2017.
Product Definition:
Electric Vehicle Drive Unit is a device that converts electrical energy into mechanical energy which powers the wheels of an electric vehicle. The importance of Electric Vehicle Drive Unit is that it allows electric vehicles to operate without the need for an internal combustion engine.
Motor:
The electric vehicle drive unit (EVDU) market is expected to witness significant growth over the forecast period. The primary reason for this growth is increasing environmental awareness among people resulting in increased demand for Electric Vehicles (EV).
Also, government initiatives towards emission control and subsidies on Electric Vehicle charging infrastructure are anticipated to fuel the market growth. For instance, in May 2018; The Government of India announced subsidy program on purchase of battery powered vehicles till 2020-21.
Controller:
The controller is a device that regulates and monitors the performance of an electric vehicle drive unit. The primary function of the controller is to convert the variations in voltage from battery to desired levels for driving EVs. It also helps in monitoring various aspects such as speed, temperature, and other operating parameters of EV drive unit.
In conventional vehicles, there are two types of controllers namely series/parallel hybrid type.
Application Insights:
The battery electric vehicle segment dominated the global market in 2017 and is expected to maintain its dominance over the forecast period. The segment accounted for a revenue share of 99.5% in 2017 owing to increasing production of battery-operated vehicles across the globe. Countries such as China, U.S., and countries in European Union are leading producers of electric vehicles, accounting for a significant part of global production capacity.
The plug-in hybrid vehicle (PHEV) segment is projected to witness considerable growth over the forecast period owing to rising demand from key markets including Japan, Germany and France among others.
Regional Analysis:
The Asia Pacific regional market accounted for the largest share of more than 45% 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, rising disposable income and consumer preference towards EVs owing to environmental concerns. China has been at the forefront of promoting electric vehicles in this region and has also set up policies that are likely to affect industry dynamics across the globe. For instance, it introduced a new policy known as 13th Five-Year Plan (2016 - 2020) which aims at making China an EV superpower by 2020 with leading edge technologies such as intelligent vehicles, renewable energy etc.
North America is expected to grow significantly over the forecast period owing their early adoption of electric vehicle drive units coupled with stringent regulations regarding carbon emissions into environment resulting into increased demand for EVs across U.S.
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, according to MarketsandMarkets. 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 March 2016, the UK government announced a subsidy worth £5,000 for buyers of electric cars. This subsidy is expected to help in the proliferation of electric vehicles in the country.
- Reduction in battery costs: The cost of batteries accounts for a significant proportion of the overall cost of an electric vehicle. However, over time, battery costs have been declining rapidly due to advancements in technology and economies of scale achieved by manufacturers such as Tesla Motors Inc (TSLA). In 2015, Tesla announced plans to build a massive billion Gigafactory which will produce batteries on an unprecedented scale with economies of scale that will bring down battery costs by 30%. As battery prices continue to decline, it is likely that more consumers will switch over from traditional gasoline or diesel powered cars to Electric Vehicles (EVs).
Scope Of The Report
Report Attributes
Report Details
Report Title
Electric Vehicle Drive Unit Market Research Report
By Type
Motor, Controller
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
139
Number of Tables & Figures
98
Customization Available
Yes, the report can be customized as per your need.
Global Electric Vehicle Drive Unit Market Report Segments:
The global Electric Vehicle Drive Unit market is segmented on the basis of:
Types
Motor, Controller
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 Unit 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
- 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 Unit 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?
An electric vehicle drive unit (EVDU) is a component of an electric vehicle that converts the electrical energy from the battery into mechanical power to move the car.
Some of the major companies in the electric vehicle drive unit 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 Unit 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 Unit Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Electric Vehicle Drive Unit 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 Unit 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 Unit Market Size & Forecast, 2018-2028
4.5.1 Electric Vehicle Drive Unit Market Size and Y-o-Y Growth
4.5.2 Electric Vehicle Drive Unit Market Absolute $ Opportunity
Chapter 5 Global Electric Vehicle Drive Unit 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 Unit Market Size Forecast by Type
5.2.1 Motor
5.2.2 Controller
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Electric Vehicle Drive Unit 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 Unit 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 Unit 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 Unit 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 Unit Analysis and Forecast
9.1 Introduction
9.2 North America Electric Vehicle Drive Unit 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 Unit Market Size Forecast by Type
9.6.1 Motor
9.6.2 Controller
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 Unit 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 Unit Analysis and Forecast
10.1 Introduction
10.2 Europe Electric Vehicle Drive Unit 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 Unit Market Size Forecast by Type
10.6.1 Motor
10.6.2 Controller
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 Unit 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 Unit Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Electric Vehicle Drive Unit 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 Unit Market Size Forecast by Type
11.6.1 Motor
11.6.2 Controller
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 Unit 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 Unit Analysis and Forecast
12.1 Introduction
12.2 Latin America Electric Vehicle Drive Unit 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 Unit Market Size Forecast by Type
12.6.1 Motor
12.6.2 Controller
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 Unit 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 Unit Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Electric Vehicle Drive Unit 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 Unit Market Size Forecast by Type
13.6.1 Motor
13.6.2 Controller
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 Unit 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 Unit Market: Competitive Dashboard
14.2 Global Electric Vehicle Drive Unit 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
