Market Overview:
The global EV drivetrain market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in this market 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, it is divided into motor and controller. Controller held a larger share in 2017 and is expected to grow at a higher CAGR during the forecast period. This can be attributed to its growing demand in hybrid electric vehicles (HEVs) and plug-in hybrid electric vehicles (PHEVs). By application, it is classified into BEVs and PHEVs. BEVs are further sub-segmented into light commercial vehicles (LCVs), passenger cars and heavy commercial Vehicles (HCVs).
Product Definition:
The electric drivetrain is an important part of electric vehicles. It converts the electrical energy from the batteries into mechanical energy to power the car.
Motor:
Electric Vehicles (EVs) are powered by electric motors that convert the energy stored in a battery into mechanical energy to drive the vehicle. The global EV market is growing at a rapid pace and has captured people’s attention with its increasing sales and positive growth prospects. However, one of the major factors hindering this industry’s growth is lack of adequate power source for EVs.
Controller:
The controller is a electronic device which regulates and monitors the vehicle's vital functions such as driving, braking, accelerating and also controls the electric power steering. The EV drivetrain consists of Battery Pack (BMS), Electric Motor (E-Motor), Charging Station (CS) and Controller Unit.
In an internal combustion engine driven vehicles; there is a relationship between torque requirement for wheels/tires to turn the vehicle’s driveshaft and engine speed.
Application Insights:
The battery electric vehicle (BEV) segment dominated the global EV drivetrain market in 2017 and is expected to maintain its dominance over the forecast period. The increasing production of EVs, such as Model-Y, Gen-3 & -4 Tesla Motors and upcomingGen IV vehicles by various manufacturers are expected to contribute significantly towards segment growth.
The plug-in hybrid electric vehicle (PHEV) segment is anticipated to witness significant growth over the forecast period owing to rising demand for fuel efficient passenger cars in developed economies including Germany, France and U.K., which have stringent emission norms known as EURO 6. Also, governments across various countries are investing heavily in promoting PHEVs due largely to benefits associated with zero emissions along with reduced fuel consumption due to improved aerodynamics resulting in lower overall cost of ownership per kilometer driven than that of conventional gasoline or diesel powered vehicles.
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 electric vehicles in China and Japan. Moreover, favorable government policies regarding implementation of EVs are expected to drive regional growth over the forecast period. For instance, China has set an ambitious target to reduce carbon emissions by up to 60% by 2030 which is likely boost EV demand across the globe.
Europe was estimated as the second-largest market in 2017 and held this position even after accounting for North America’s share owing high sales of electric cars like Tesla Model S.
Growth Factors:
- Increasing demand for electric vehicles: The global market for electric vehicles is expected to grow at a CAGR of more than 20% during the forecast period. This growth can be attributed to the increasing environmental concerns, government initiatives, and technological advancements in the electric vehicle industry.
- Development of advanced technologies: The development of advanced technologies such as high-voltage batteries, fast charging systems, and wireless charging systems is expected to drive the growth of the EV Drivetrain market during the forecast period.
- Growing demand for luxury cars: The growing demand for luxury cars is another major factor that is expected to drive the growth of this market during the forecast period.
- Rising disposable income levels: Rising disposable income levels are also contributing significantly tothegrowthoftheEVDrivetrainmarketduringtheforecastperiod.
Scope Of The Report
Report Attributes
Report Details
Report Title
EV Drivetrain 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
223
Number of Tables & Figures
157
Customization Available
Yes, the report can be customized as per your need.
Global EV Drivetrain Market Report Segments:
The global EV Drivetrain 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 EV Drivetrain 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 EV Drivetrain 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 (EV) drivetrain consists of an electric motor and a battery. The electric motor powers the wheels, while the battery stores energy that can be used to power the motor when needed.
Some of the key players operating in the ev drivetrain 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 Drivetrain 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 Drivetrain Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 EV Drivetrain 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 Drivetrain 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 Drivetrain Market Size & Forecast, 2018-2028
4.5.1 EV Drivetrain Market Size and Y-o-Y Growth
4.5.2 EV Drivetrain Market Absolute $ Opportunity
Chapter 5 Global EV Drivetrain 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 EV Drivetrain Market Size Forecast by Type
5.2.1 Motor
5.2.2 Controller
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global EV Drivetrain 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 EV Drivetrain Market Size Forecast by Applications
6.2.1 BEV
6.2.2 PHEV
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global EV Drivetrain 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 Drivetrain 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 EV Drivetrain Analysis and Forecast
9.1 Introduction
9.2 North America EV Drivetrain 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 EV Drivetrain 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 EV Drivetrain 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 EV Drivetrain Analysis and Forecast
10.1 Introduction
10.2 Europe EV Drivetrain 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 EV Drivetrain 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 EV Drivetrain 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 EV Drivetrain Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific EV Drivetrain 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 EV Drivetrain 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 EV Drivetrain 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 EV Drivetrain Analysis and Forecast
12.1 Introduction
12.2 Latin America EV Drivetrain 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 EV Drivetrain 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 EV Drivetrain 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) EV Drivetrain Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) EV Drivetrain 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) EV Drivetrain 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) EV Drivetrain 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 Drivetrain Market: Competitive Dashboard
14.2 Global EV Drivetrain 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
