Market Overview:
The global EV 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. The market is segmented on the basis of type, application and region. On the basis of type, the market is segmented into motor, controller and transmission. The motor segment is expected to hold a major share in terms of revenue in 2018 owing to its high adoption rate in electric vehicles. By application, the BEV segment accounted for a majority share in 2017 and is projected to grow at a higher CAGR during the forecast period as compared to other applications such as PHEVs.
Product Definition:
An EV drive unit is a device that converts electrical energy into mechanical energy to power an electric vehicle. It is important because it allows electric vehicles to travel long distances and be used for a variety of purposes.
Motor:
The motor is the core component of electric vehicle drive unit. It's responsible for converting electrical energy into mechanical energy through the rotation and has become an essential part of EV drive trains. The market for motors in EVDU market is expected to witness significant growth over the forecast period owing to growing demand across various application areas such as powertrain, body structure, chassis, and others.
Electric vehicles (EV) have gained prominence with rising concerns about global warming.
Controller:
The controller is a electronic device which regulates and monitors the vehicle's speed. It also helps in controlling the vehicle when driving through hilly terrain or during braking. The EV drive unit uses electric power generated by batteries to provide assistance to the driver, which is known as regenerative braking.
Application Insights:
The battery electric vehicle segment dominated the global EV drive unit market in 2017 and is expected to maintain its dominance over the forecast period. The increasing production of EVs, such as Tesla Model 3, Nissan LEAF, Mitsubishi i-MiEV and various other models by domestic manufacturers along with growing demand from countries such as China, Japan and Germany are some of the major factors contributing to segment growth.
The plug-in hybrid vehicle segment is expected to witness significant growth over the forecast period owing to increased production of these vehicles by domestic manufacturers along with heavy investments being made by foreign companies including BMW Group; Ford Motor Company; General Motors Company; Mercedes Benz AG; Porsche AG etc. in this sector. For instance, in June 2018, Mercedes announced that it will build a plant near Guangzhou for approximately USD 1 billion which will produce around 250 thousand units per year for SUVs and luxury cars among which about 50 thousand units will be exported abroad annually.
Regional Analysis:
Asia Pacific is anticipated to emerge as the fastest-growing regional market over the forecast period. The region accounted for a share of more than 30% in 2017 owing to increasing sales of EVs, particularly in China and Japan. In addition, favorable government policies regarding adoption of electric vehicles are expected to drive the regional market growth over the forecast period. For instance, China has implemented various policies and incentives related to EV production and sale since 2010 which is expected to boost industry development in this region. Europe also held a significant share in terms of revenue due to increased demand from countries such as Germany, Norway, U.K.
North America was estimated at USD X million in 2017 owing to high demand from U S states such as California along with other developed markets including Canada.
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 China, the government offers a subsidy of up to ,000 per vehicle.
- Reduction in battery costs: The cost of batteries accounts for a significant proportion of the total 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 electric vehicle owners 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
EV Drive Unit 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
241
Number of Tables & Figures
169
Customization Available
Yes, the report can be customized as per your need.
Global EV Drive Unit Market Report Segments:
The global EV Drive Unit 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 EV 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
- 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 EV 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
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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 (EV) drive unit is a component of an electric vehicle that converts the electrical energy from the battery into mechanical energy to move the car.
Some of the key players operating in the ev 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 EV 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 EV Drive Unit Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 EV 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 EV 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 EV Drive Unit Market Size & Forecast, 2020-2028
4.5.1 EV Drive Unit Market Size and Y-o-Y Growth
4.5.2 EV Drive Unit Market Absolute $ Opportunity
Chapter 5 Global 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 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 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 Market Size Forecast by Applications
6.2.1 BEV
6.2.2 PHEV
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global EV 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 EV 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 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 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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 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 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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 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 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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 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 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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) 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) 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 EV Drive Unit Market: Competitive Dashboard
14.2 Global EV 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
