Key Companies Analyzed In Report Are Robert Bosch GmbH (Germany), American Axle & Manufacturing Holdings, Inc.(U.S.), ZF Friedrichshafen AG (Germany), GKN Plc (U.K.), Magna International Inc. (Canada), Schaeffler Technologies AG & Co. KG (Germany), Continental AG (Germany), Bonfiglioli Riduttori S.P.A. (Italy), Borgwarner Inc. (U.S.) and Ziehl Abegg SE (Germany).
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Global automakers are increasingly introducing the electric cars to tackle the vehicle emission problems and reduce pollution. This has resulted in electric cars being increasingly affordable and commercially competitive with the conventional gasoline cars. One of the major drawbacks of the electric cars is the complexity of its drive and power train systems. The manufacturing of the individual components of these systems is highly costly and requires more time to test and implement the technology.
Electric Axle Drive Systems are drive systems that are majorly used in the electrical and hybrid electric vehicles. These systems are developed for all vehicle segments and for both front and rear wheel drives. The use of Electric Axle Drive Systems enables high flexibility and adaptation to suit various engines and transmissions. The electric axle drives also incorporate several drive components which increases safety and enable smooth drivability of vehicles.
To overcome this disadvantage, in today’s electric car operations, the electric axle drives are increasingly used which are cheaper and much more efficient. This is primarily due to the fact that electric axles integrate the transmission, the e-machine and the power electronics in a single module. The performance of these electric axle drive systems can be scaled up to match for usage in the compact cars as well as in sports car and commercial vehicles. The electric axle systems are directly mounted on the axle which also saves space for engines and transmissions.
According to Automobile Association of America (AAA), lower gas prices have not inhibited enthusiasm for electric cars. As per the market research, the demand for electric car is likely to increase in the coming time. More than 30 million American are likely to buy electric car as their next vehicle. This trend in majorly influenced by compliance and people commitment towards environmental concern and carbon reduction. Heading towards APAC region, China has named itself as the leading market for electric vehicles.
In terms of market development, China has sold more than 507,000 electric vehicles and plug-in hybrid electric vehicle in 2016, which was around 53% rise from 2015.followed by US and Europe. Moreover, the key market players are more inclined towards focusing on electric vehicles and have started offering EV range for models including hatchbacks, superminis, sedans, large family cars, vans and others. Considering all these factors, the demand for electric axle drive system has also increased and the OEM have shifted more focus on increasing its production. However, the rising in the number of electric vehicles will directly increase the demand for electric axle drive system.
Segments Analysis:
The scope of the study segments the global electric axle drive systems market by system type, by vehicle type and by regions.
By System Type:
· Electric Systems
· Hybrid Electric Systems
By Vehicle Type:
· Passenger Cars
· Light Commercial Vehicles
· Heavy Commercial Vehicles
Regional Overview:
The Asia Pacific region is expected to dominate the electrical axle drive systems market owing to increased electric car sales in countries such as China, Japan, South Korea and India. Many countries in the region are rapidly adopting to the introduction of electric cars as they are less polluting and has reduced environmental impact. This further enables them to tackle pollution emission problems and are further motivated by the generous tax systems for electric cars. The North America and Europe region closely follow the Asia Pacific region in the adaptation of electric cars. The electric cars are increasingly becoming cheaper in these regions and are on par with the conventional gasoline vehicles for performance and range.
List Of Figures:
Figure 1 Research Methodology
Figure 2 Global Electric Axle Drive Systems Market: By System Type (%)
Figure 3 Global Electric Axle Drive Systems Market: By Vehicle Type (%)
Figure 4 Global Electric Axle Drive Systems Market: By Region
Continued…
List Of Tables:
Table 1 Electric Axle Drive Systems Global Market, By System Type
Table 2 Electric Axle Drive Systems Global Market, By Vehicle Type
Table 3 x Electric Axle Drive Systems Global Market, By Regions
Table 4 Electric Axle Drive Systems North America Market, By System Type
Continued…
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