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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the E-drive For Automotive Market
Request Now !A smart e-drive for automotive is an advance integrated version of the conventional electric drive system. An e-drive is an electromechanical device used for changing over electrical energy into mechanical energy that provides movement to the wheels of vehicles. E-drive uses battery as the power source and provides a direct transmission in the vehicle, which makes driving smooth and safe on the road. The e-drive for cars comprises a battery, engine, control gadgets, motor-generator electric brake booster, and power booster. It helps to save energy and improves the efficiency of the vehicle.
Market scope and structure analysis:
Report Metric | Details |
Market size available for years | 2020–2027 |
Base year considered | 2019 |
Forecast period | 2021–2027 |
Forecast unit | Value (USD) |
Segments covered | Technology, Product, Video quality, and Outlook |
Regions covered | North America (the U.S. and Canada), Europe (Germany, the UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), Latin America (Brazil, Mexico, and rest of LATAM), and the Middle East and Africa |
Companies covered | Robert Bosch GmbH, Continental AG, ZF Friedrichshafen AG, Siemens AG, GKN PLC, Hitachi, Ltd., Magna International Inc., Magnetic Systems Technology, AISIN SEIKI Co. Ltd., and Schaeffler AG |
COVID-19 scenario analysis:
Increase in innovation in the automotive industry and a rapid increase in demand for electric vehicles are expected to be the key factors to drive the smart e-drive for the automotive market. Moreover, the high price of electric drives systems is estimated to increase the price of automobiles accordingly, restraining the growth of the market. Furthermore, the increase in electric vehicle sales in emerging economies is a primary growth opportunity for e-drives.
The global e-drive for automotive market trends are as follows:
Manufacturers focus to provide consumers with a wide range of models including hatchbacks, superminis, luxury sedans, SUVs, and others. With the introduction of new models in the market, manufacturers are coming up with new technologies to provide a cutting edge to their respective models. Therefore, e-drive is one of the key factors in an automobile, which is expected to drive the growth of the market over the forecast period.
Overall increase in the sales of hybrid and electric vehicles has been identified in the past few years. Influenced by the desire to be more environmentally conscious and to reduce carbon footprint, consumers have increased the demand for such vehicles. Governments of almost every country are concerned about pollution and increase of CO2 in the environment due to automobiles. Therefore, governments encourage buyers to opt for electric vehicles and provide subsidies to increase the demand for electric vehicles.
Key segments covered:
Segments | Sub-segments |
Drive |
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Product |
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Electric Vehicle |
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Key benefits of the report:
Questions answered in the global e-drive for automotive market research report:
Key Market Segments
Segments | Sub-segments |
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By Drive Type |
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By Product |
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By Electric Vehicle Type |
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By Region |
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Key Market Players
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