The "Automotive Electric Drive Axle - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Global Automotive Electric Drive Axle Market to Reach $7.1 Billion by 2027
Amid the COVID-19 crisis, the global market for Automotive Electric Drive Axle estimated at US$1 Billion in the year 2020, is projected to reach a revised size of US$7.1 Billion by 2027, growing at aCAGR of 32.3% over the period 2020-2027.
Electric Axle, one of the segments analyzed in the report, is projected to record 29.1% CAGR and reach US$3.9 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Hybrid Axle segment is readjusted to a revised 37.4% CAGR for the next 7-year period.
The U.S. Market is Estimated at $268.6 Million, While China is Forecast to Grow at 39.8% CAGR
The Automotive Electric Drive Axle market in the U.S. is estimated at US$268.6 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.8 Billion by the year 2027 trailing a CAGR of 39.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 25.8% and 29.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 27.6% CAGR.
The report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others:
American Axle & Manufacturing Inc.
AxleTech International LLC
Bonfiglioli Riduttori SpA
F P W Axles Ltd.
Magna International, Inc.
ZF Friedrichshafen AG
Key Topics Covered:
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Global Competitor Market Shares
Automotive Electric Drive Axle Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
Automotive Electric Drive Axle Global Market Estimates and Forecasts in US$ Thousand by Region/Country: 2020-2027
Automotive Electric Drive Axle Market Share Shift across Key Geographies Worldwide: 2020 VS 2027
Electric Axle (System) World Market by Region/Country in US$ Thousand: 2020 to 2027
Electric Axle (System) Market Share Breakdown of Worldwide Sales by Region/Country: 2020 VS 2027
Hybrid Axle (System) Potential Growth Markets Worldwide in US$ Thousand: 2020 to 2027
Hybrid Axle (System) Market Sales Breakdown by Region/Country in Percentage: 2020 VS 2027
OEMs (End-Use) Global Market Estimates & Forecasts in US$ Thousand by Region/Country: 2020-2027
OEMs (End-Use) Market Share Breakdown by Region/Country: 2020 VS 2027
Aftermarket (End-Use) Demand Potential Worldwide in US$ Thousand by Region/Country: 2020-2027
Aftermarket (End-Use) Share Breakdown Review by Region/Country: 2020 VS 2027
Passenger Electric Vehicle (Vehicle Type) World Market by Region/Country in US$ Thousand: 2020 to 2027
Passenger Electric Vehicle (Vehicle Type) Market Share Distribution in Percentage by Region/Country: 2020 VS 2027
Commercial Electric Vehicle (Vehicle Type) World Market Estimates and Forecasts in US$ Thousand by Region/Country: 2020 to 2027
Commercial Electric Vehicle (Vehicle Type) Market Percentage Share Distribution by Region/Country: 2020 VS 2027
III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
Market Facts & Figures
Automotive Electric Drive Axle Market Share (in %) by Company: 2019 & 2025
Total Companies Profiled: 42
For more information about this report visit https://www.researchandmarkets.com/r/hlfb71
View source version on businesswire.com: https://www.businesswire.com/news/home/20210303005511/en/
Laura Wood, Senior Press Manager
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