Market Overview:
The Global Universaldrive Device Market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for universaldrive devices in automotive and machinery applications. Closed type universaldrive devices are expected to dominate the market during the forecast period, owing to their high efficiency and performance. Asia Pacific is expected to be the fastest growing region for universaldrive devices, due to the increasing demand from automotive and machinery industries in countries such as China and India.
Product Definition:
Universal drive device is an electronic device that can be used to control the speed and direction of a motor. It can be used in a variety of applications, including automotive, industrial, and robotics.
Closed Type:
Closed type is a technology that uses magnetic storage mediums, which are made up of two metal plates with magnetism between them. The data is stored on the small space between these two magnets and can be accessed even if one or both of the drives are lost.
The closed type has witnessed significant growth in recent years owing to its cost effectiveness and high performance factor.
Open Type:
Open type is a technology that allows the design of user interface using any TrueType or Open Type font. The term open type is also used for describing the Universaldrive Device (UDD) which uses this technology to create and display text and images on devices such as monitors, television, etc.
Application Insights:
The automotive segment dominated the global universal drive device market in terms of revenue share in 2017. The growth can be attributed to increasing production of electric vehicles across the globe. Electric vehicles require a large number of batteries, which results in high demand for UDD, thereby supporting the growth of this segment.
The machinery segment is expected to witness significant growth over the forecast period owing to rising demand from industrial applications such as material handling equipment and construction equipment among others. Increasing use of UDDs with higher power density and longer life expectancy are anticipated to augment product demand over the forecast period from 2018 to 2030 globally.
Regional Analysis:
Asia Pacific dominated the global universal drive market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing strong economic growth on account of rapid industrialization and urbanization. Increasing disposable income, coupled with a growing population, is likely to trigger the demand for vehicles in developing countries such as China and India. This trend is projected to have a positive impact on industry growth over the next eight years.
The automotive sector forms an important part of industrial production in Germany, Italy, France, Spain and other European countries owing to their well-developed manufacturing bases for motor vehicles. In addition these countries are also home to some of the major automobile manufacturers such as Daimler AG; AUDI AG; BMW AG; Volkswagen Group; PSA Peugeot Citroen S.A.; Fiat Chrysler Automobiles N.V.; Mercedes-Benz AMG GmbH & Co., KGaA etc.
Growth Factors:
- Increasing demand for electric vehicles
- Rising demand from the automotive sector
- Growing popularity of UAVs and drones
- Proliferation of the Internet of Things (IoT)
- Emergence of autonomous vehicles
Scope Of The Report
Report Attributes
Report Details
Report Title
Universaldrive Device Market Research Report
By Type
Closed Type, Open Type
By Application
Automotive, Machinery, Others
By Companies
GEWES, GKN Driveline, EMV INDUSTRIES, NINGBO YINZHOU GLOBAL UNIVERSAL JOINT FACTORY, EUROCARDAN S.P.A., SOREM TRASMISSIONI MECCANICHE S.P.A., ZETA ERRE S.R.L., DRIVE SHAFT CARDAN, CARDAN INDUSTRY S.R.L., ORAT, BENZI & DI TERLIZZI S.R.L., M K CARDAN, BROGLIA PAOLO S.A.S. DI ALICCHI ANNA E C, ARIG S.R.L.
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
246
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Universaldrive Device Market Report Segments:
The global Universaldrive Device market is segmented on the basis of:
Types
Closed Type, Open Type
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
Automotive, Machinery, Others
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:
- GEWES
- GKN Driveline
- EMV INDUSTRIES
- NINGBO YINZHOU GLOBAL UNIVERSAL JOINT FACTORY
- EUROCARDAN S.P.A.
- SOREM TRASMISSIONI MECCANICHE S.P.A.
- ZETA ERRE S.R.L.
- DRIVE SHAFT CARDAN
- CARDAN INDUSTRY S.R.L.
- ORAT
- BENZI & DI TERLIZZI S.R.L.
- M K CARDAN
- BROGLIA PAOLO S.A.S. DI ALICCHI ANNA E C
- ARIG S.R.L.
Highlights of The Universaldrive Device 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:
- Closed Type
- Open Type
- By Application:
- Automotive
- Machinery
- Others
- 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 Universaldrive Device 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 Universaldrive Device is a new type of electric vehicle that uses a single charge to travel up to 500 miles. It can be plugged into any standard outlet, and can be used as an everyday car.
Some of the major companies in the universaldrive device market are GEWES, GKN Driveline, EMV INDUSTRIES, NINGBO YINZHOU GLOBAL UNIVERSAL JOINT FACTORY, EUROCARDAN S.P.A., SOREM TRASMISSIONI MECCANICHE S.P.A., ZETA ERRE S.R.L., DRIVE SHAFT CARDAN, CARDAN INDUSTRY S.R.L., ORAT, BENZI & DI TERLIZZI S.R.L., M K CARDAN, BROGLIA PAOLO S.A.S. DI ALICCHI ANNA E C, ARIG S.R.L..
The universaldrive device market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Universaldrive Device Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Universaldrive Device Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Universaldrive Device Market - Supply Chain
4.5. Global Universaldrive Device Market Forecast
4.5.1. Universaldrive Device Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Universaldrive Device Market Size (000 Units) and Y-o-Y Growth
4.5.3. Universaldrive Device Market Absolute $ Opportunity
5. Global Universaldrive Device Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Universaldrive Device Market Size and Volume Forecast by Type
5.3.1. Closed Type
5.3.2. Open Type
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Universaldrive Device Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Universaldrive Device Market Size and Volume Forecast by Application
6.3.1. Automotive
6.3.2. Machinery
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Universaldrive Device Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Universaldrive Device Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Universaldrive Device Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Universaldrive Device Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Universaldrive Device Demand Share Forecast, 2019-2029
9. North America Universaldrive Device Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Universaldrive Device Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Universaldrive Device Market Size and Volume Forecast by Application
9.4.1. Automotive
9.4.2. Machinery
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Universaldrive Device Market Size and Volume Forecast by Type
9.7.1. Closed Type
9.7.2. Open Type
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Universaldrive Device Demand Share Forecast, 2019-2029
10. Latin America Universaldrive Device Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Universaldrive Device Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Universaldrive Device Market Size and Volume Forecast by Application
10.4.1. Automotive
10.4.2. Machinery
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Universaldrive Device Market Size and Volume Forecast by Type
10.7.1. Closed Type
10.7.2. Open Type
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Universaldrive Device Demand Share Forecast, 2019-2029
11. Europe Universaldrive Device Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Universaldrive Device Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Universaldrive Device Market Size and Volume Forecast by Application
11.4.1. Automotive
11.4.2. Machinery
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Universaldrive Device Market Size and Volume Forecast by Type
11.7.1. Closed Type
11.7.2. Open Type
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Coutry
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Universaldrive Device Demand Share, 2019-2029
12. Asia Pacific Universaldrive Device Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Universaldrive Device Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Universaldrive Device Market Size and Volume Forecast by Application
12.4.1. Automotive
12.4.2. Machinery
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Universaldrive Device Market Size and Volume Forecast by Type
12.7.1. Closed Type
12.7.2. Open Type
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Universaldrive Device Demand Share, 2019-2029
13. Middle East & Africa Universaldrive Device Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Universaldrive Device Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Universaldrive Device Market Size and Volume Forecast by Application
13.4.1. Automotive
13.4.2. Machinery
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Universaldrive Device Market Size and Volume Forecast by Type
13.7.1. Closed Type
13.7.2. Open Type
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Universaldrive Device Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Universaldrive Device Market: Market Share Analysis
14.2. Universaldrive Device Distributors and Customers
14.3. Universaldrive Device Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. GEWES
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. GKN Driveline
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. EMV INDUSTRIES
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. NINGBO YINZHOU GLOBAL UNIVERSAL JOINT FACTORY
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. EUROCARDAN S.P.A.
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. SOREM TRASMISSIONI MECCANICHE S.P.A.
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. ZETA ERRE S.R.L.
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. DRIVE SHAFT CARDAN
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. CARDAN INDUSTRY S.R.L.
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. ORAT
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. BENZI & DI TERLIZZI S.R.L.
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. M K CARDAN
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. BROGLIA PAOLO S.A.S. DI ALICCHI ANNA E C
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. ARIG S.R.L.
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
