Automotive Electric Drivetrain Component Trends and Forecast
The future of the global automotive electric drivetrain component market looks promising with opportunities in the battery electric vehicle, hybrid electric vehicle, plug-in hybrid electric vehicle, and fuel cell electric vehicle markets. The global automotive electric drivetrain component market is expected to reach an estimated $209.45 billion by 2030 with a CAGR of 22.7% from 2024 to 2030. The major drivers for this market are growing financial incentive and spending for supporting infrastructure, rising need for clean mobility & transportation solutions, and stringent emission regulations and initiatives to reduce carbon footprint.Automotive Electric Drivetrain Component by Segment
The study includes a forecast for the global automotive electric drivetrain component by component, vehicle type, sale channel, and region.Automotive Electric Drivetrain Component Market by Component [Shipment Analysis by Value from 2018 to 2030]:
- Electric Drive Module
- DC/DC Converter
- Battery Packs
- Thermal System
- DC/AC Inverter
- Power Distribution Module
Automotive Electric Drivetrain Component Market by Vehicle Type [Shipment Analysis by Value from 2018 to 2030]:
- Battery Electric Vehicle (BEV)
- Hybrid Electric Vehicle (HEV)
- Plug-In Hybrid Electric Vehicle (PHEV)
- Fuel Cell Electric Vehicle (FCEV)
Automotive Electric Drivetrain Component Market by Sale channel [Shipment Analysis by Value from 2018 to 2030]:
- OEM
- Aftermarket
Automotive Electric Drivetrain Component Market by Region [Shipment Analysis by Value from 2018 to 2030]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Automotive Electric Drivetrain Component Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies automotive electric drivetrain component companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the automotive electric drivetrain component companies profiled in this report include:- Aisin Seiki
- Denso
- Hexagon
- VALEO
- BorgWarner
- ZF
- Schaeffler
Automotive Electric Drivetrain Component Market Insights
The report forecasts that electric drive module is expected to witness the highest growth over the forecast period as it ensures efficient energy conversion and transfer.Within this market, battery electric vehicle (BEV) will remain the largest segment due to rising government incentives and growing consumer awareness towards electric vehicles.
North America is expected to witness highest growth over the forecast period due to improvement in battery technology and increasing investment by automotive OEMs in the production of electric vehicle.
Features of the Global Automotive Electric Drivetrain Component Market
- Market Size Estimates: Automotive electric drivetrain component market size estimation in terms of value ($B).
- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
- Segmentation Analysis: Automotive electric drivetrain component market size by component, vehicle type, sale channel, and region in terms of value ($B).
- Regional Analysis: Automotive electric drivetrain component market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different components, vehicle types, sale channels, and regions for the automotive electric drivetrain component market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the automotive electric drivetrain component market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the automotive electric drivetrain component market size?Answer: The global automatic hot melt welding machine market is expected to reach an estimated $209.45 billion by 2030.
Q2. What is the growth forecast for automotive electric drivetrain component market?
Answer: The global automotive electric drivetrain component market is expected to grow with a CAGR of 22.7% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the automotive electric drivetrain component market?
Answer: The major drivers for this market are growing financial incentive and spending for supporting infrastructure, rising need for clean mobility & transportation solutions and stringent emission regulations and initiatives to reduce carbon footprint.
Q4. What are the major segments for automotive electric drivetrain component market?
Answer: The future of the automotive electric drivetrain component market looks promising with opportunities in the battery electric vehicle, hybrid electric vehicle, plug-in hybrid electric vehicle, and fuel cell electric vehicle markets.
Q5. Who are the key automotive electric drivetrain component market companies?
Answer: Some of the key automotive electric drivetrain component companies are as follows:
- Aisin Seiki
- Denso
- Hexagon
- VALEO
- BorgWarner
- ZF
- Schaeffler
Answer: The report forecasts that electric drive module is expected to witness the highest growth over the forecast period as it ensures efficient energy conversion and transfer.
Q7. In automotive electric drivetrain component market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to witness highest growth over the forecast period due to improvement in battery technology and increasing investment by automotive OEMs in the production of electric vehicle.
Q8. Do we receive customization in this report?
Answer: Yes, the publisherl provides 10% customization without any additional cost.
This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the automotive electric drivetrain component market by component (electric drive module, DC/DC converter, battery packs, thermal system, DC/AC inverter, and power distribution module), vehicle type (battery electric vehicle (BEV), hybrid electric vehicle (HEV), plug-in hybrid electric vehicle (PHEV), and fuel cell electric vehicle (FCEV)), sale channel (OEM and aftermarket), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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Table of Contents
1. Executive Summary
2. Global Automotive Electric Drivetrain Component Market : Market Dynamics
3. Market Trends and Forecast Analysis from 2018 to 2030
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned
- Aisin Seiki
- Denso
- Hexagon
- VALEO
- BorgWarner
- ZF
- Schaeffler
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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