Market Overview:
The global NEV eAxle market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for electric vehicles, rising awareness about environment-friendly transportation options, and government initiatives and subsidies for electric vehicles. The global NEV eAxle market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into front axle and rear axle. Front axle eAxles are more common than rear axle eAxles as they are used in most battery electric vehicles (BEVs) and hybrid electric vehicles (HEVs). Rear axle eAxles are mainly used in plug-in hybrid electric vehicles (PHEVs). On the basis of application, the market is divided into BEVs, HEVs, PHEVs. BEVs accounted for a majority share ofthe global NEV eAxlemarket in 2017 owing to their high adoption rate across all regions.
Product Definition:
A NEV eAxle is a single electric axle that can be used on a variety of vehicles, including cars, trucks, buses, and trailers. It is important because it can help improve fuel efficiency and reduce emissions.
Front Axle:
The front axle is the part of a vehicle which connects the driving wheels to the body of the vehicle. It is also known as front or road wheel.
Independent Front Axle (IFA) - Also known as live axles, these are usually found on heavy trucks and buses that have independent suspension system at both ends.
Rear Axle:
Rear axle is a vehicle component that helps in carrying the payload and passengers in the event of an accident or when driven aggressively. In an automotive application, rear axles are generally used for load-carrying and safety purposes.
The eAxle (electric Axle) market has been witnessing significant growth over the past few years owing to increasing focus on fuel economy and emission control regulations by various governments across different countries.
Application Insights:
The battery electric vehicle segment dominated the global market with a revenue share of over 45% in 2017. The segment is projected to witness significant growth over the forecast period owing to increasing government initiatives and regulations for promoting Electric Vehicles (EVs). For instance, in March 2018, the Government of Netherlands announced its plan to invest USD 250 million by 2020 on expanding public charging infrastructure for EVs. Furthermore, many automotive manufacturers are focusing on developing eAxles that meet various performance requirements such as high power output and torque capacity while maintaining low weight. Such trends are expected to increase product demand during the forecast period.
Hybrid eAxle is estimated to be one of the fastest-growing segments at a CAGR of XX% from 2018to 2030 owing to rising demand from major automotive manufacturers such as Toyota Motor Corporation, Ford Motor Company LLC., General Motors Company LLC.
Regional Analysis:
The Asia Pacific dominated the global market in terms of revenue in 2017. The region is expected to maintain its dominance over the forecast period. China, India, and Japan are some of the largest markets for NEV axle globally. China accounted for a major share owing to investments made by domestic manufacturers such as Changan Automobile and JMC Engineering & Technology Co., Ltd.
Europe was estimated as the second-largest regional segment in 2017 with a market share of more than 20%.
Growth Factors:
- Increasing demand for electric vehicles: The global market for electric vehicles is expected to grow at a CAGR of more than 14% from 2016 to 2020. This will create a high demand for NEV eAxles, driving the market growth.
- Government initiatives and subsidies: Governments across the globe are promoting the adoption of electric vehicles through various initiatives and subsidies. This will further drive the growth of NEV eAxles market.
- Rising awareness about environment-friendly technologies: There is an increasing awareness among consumers about environment-friendly technologies such as electric vehicles. This will spur the demand for NEV eAxles in the coming years.
- . Technological advancements: The technological advancements in NEV eAxle systems are helping to improve their performance and efficiency, thereby driving their uptake across different applications segments..
Scope Of The Report
Report Attributes
Report Details
Report Title
NEV eAxle Market Research Report
By Type
Front Axle, Rear Axle
By Application
Battery Electric Vehicle, Hybrid Electric Vehicle, Plug-in Hybrid Electric Vehicle
By Companies
AxleTech, BorgWarner, Bosch, Continental AG, Dana Incorporated, GKN Automotive Limited (GKN plc.), Linamar Corporation, Magna International, Nidec Corporation, Robert Bosch GmbH, AxleTech, ZF Friedrichshafen
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
226
Number of Tables & Figures
159
Customization Available
Yes, the report can be customized as per your need.
Global NEV eAxle Market Report Segments:
The global NEV eAxle market is segmented on the basis of:
Types
Front Axle, Rear Axle
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
Battery Electric Vehicle, Hybrid Electric Vehicle, Plug-in Hybrid Electric Vehicle
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:
- AxleTech
- BorgWarner
- Bosch
- Continental AG
- Dana Incorporated
- GKN Automotive Limited (GKN plc.)
- Linamar Corporation
- Magna International
- Nidec Corporation
- Robert Bosch GmbH
- AxleTech
- ZF Friedrichshafen
Highlights of The NEV eAxle 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:
- Front Axle
- Rear Axle
- By Application:
- Battery Electric Vehicle
- Hybrid Electric Vehicle
- Plug-in Hybrid Electric Vehicle
- 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 NEV eAxle 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
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- 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?
NEV eAxle is a new type of electric vehicle axle that can be used in self-driving cars. It has a number of advantages over traditional axles, including the ability to handle more weight and torque, and the ability to move more quickly.
Some of the key players operating in the nev eaxle market are AxleTech, BorgWarner, Bosch, Continental AG, Dana Incorporated, GKN Automotive Limited (GKN plc.), Linamar Corporation, Magna International, Nidec Corporation, Robert Bosch GmbH, AxleTech, ZF Friedrichshafen.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 NEV eAxle 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 NEV eAxle Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 NEV eAxle 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 NEV eAxle 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 NEV eAxle Market Size & Forecast, 2018-2028
4.5.1 NEV eAxle Market Size and Y-o-Y Growth
4.5.2 NEV eAxle Market Absolute $ Opportunity
Chapter 5 Global NEV eAxle 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 NEV eAxle Market Size Forecast by Type
5.2.1 Front Axle
5.2.2 Rear Axle
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global NEV eAxle 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 NEV eAxle Market Size Forecast by Applications
6.2.1 Battery Electric Vehicle
6.2.2 Hybrid Electric Vehicle
6.2.3 Plug-in Hybrid Electric Vehicle
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global NEV eAxle 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 NEV eAxle 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 NEV eAxle Analysis and Forecast
9.1 Introduction
9.2 North America NEV eAxle 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 NEV eAxle Market Size Forecast by Type
9.6.1 Front Axle
9.6.2 Rear Axle
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 NEV eAxle Market Size Forecast by Applications
9.10.1 Battery Electric Vehicle
9.10.2 Hybrid Electric Vehicle
9.10.3 Plug-in Hybrid Electric Vehicle
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 NEV eAxle Analysis and Forecast
10.1 Introduction
10.2 Europe NEV eAxle 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 NEV eAxle Market Size Forecast by Type
10.6.1 Front Axle
10.6.2 Rear Axle
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 NEV eAxle Market Size Forecast by Applications
10.10.1 Battery Electric Vehicle
10.10.2 Hybrid Electric Vehicle
10.10.3 Plug-in Hybrid Electric Vehicle
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 NEV eAxle Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific NEV eAxle 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 NEV eAxle Market Size Forecast by Type
11.6.1 Front Axle
11.6.2 Rear Axle
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 NEV eAxle Market Size Forecast by Applications
11.10.1 Battery Electric Vehicle
11.10.2 Hybrid Electric Vehicle
11.10.3 Plug-in Hybrid Electric Vehicle
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 NEV eAxle Analysis and Forecast
12.1 Introduction
12.2 Latin America NEV eAxle 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 NEV eAxle Market Size Forecast by Type
12.6.1 Front Axle
12.6.2 Rear Axle
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 NEV eAxle Market Size Forecast by Applications
12.10.1 Battery Electric Vehicle
12.10.2 Hybrid Electric Vehicle
12.10.3 Plug-in Hybrid Electric Vehicle
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) NEV eAxle Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) NEV eAxle 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) NEV eAxle Market Size Forecast by Type
13.6.1 Front Axle
13.6.2 Rear Axle
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) NEV eAxle Market Size Forecast by Applications
13.10.1 Battery Electric Vehicle
13.10.2 Hybrid Electric Vehicle
13.10.3 Plug-in Hybrid Electric Vehicle
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 NEV eAxle Market: Competitive Dashboard
14.2 Global NEV eAxle Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 AxleTech
14.3.2 BorgWarner
14.3.3 Bosch
14.3.4 Continental AG
14.3.5 Dana Incorporated
14.3.6 GKN Automotive Limited (GKN plc.)
14.3.7 Linamar Corporation
14.3.8 Magna International
14.3.9 Nidec Corporation
14.3.10 Robert Bosch GmbH
14.3.11 AxleTech
14.3.12 ZF Friedrichshafen
