E-Drive For Automotive Market Overview
Global E-Drive Automotive Market is projected to grow from USD 8,588.8 Mn to over USD 19,400 Mn. This growth rate is achieved between the forecast period of 2017 and 2023. Growing scenario of the global automotive market is considered as the prime contributor to the global e-drive for automotive market. Greater concerns showed towards the issues of carbon emission, global warming, and environmental issues are also cited as the prime reasons behind the global e-drive for automotive market.
A significant market perspective from leading markets of developing nations like India and Mexico is cited as one of the prime reasons behind the growing scenario of Global E-Drive For Automotive Market. It is estimated that there will be 1.5 billion cars, which was only 750 million in the year 2010. A growing number of such vehicles are cited as the prime reasons behind the incredible prospects of the global e-drive for automotive market. Greater adaptation of new technologies is cited as the reason behind the incredible market prospects.
Technology is cited as one of the prime factors behind the growing perspective of the global e-drive for automotive market. This contributes towards enrichment of the automobile domains in forthcoming years, thus dragging interest of the buyers even more. All these aspects can be related both to the developing and developed nations quite well. It ultimately contributes towards the growth of the global e-drive for automotive market. The market is speculated to be most significant in developed nations like the United States and India.
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Robert Bosch AG (Germany), BorgWarner (U.S.), ZF Friedrichshafen (Germany), Magnetic Systems Technology(Magtec) (U.K.), ABM Greiffenberger (Germany), SMR (India), GKN PLC (U.K.), AVL List Gmbh (Austria), ACTIA Group (France)SIEMENS AG (Germany)
Global E-Drive for Automotive Market can be segmented based on drive type, based on product, in terms of electric vehicle type, and based on region. In terms of drive type, the market can be further classified into front, rear, and all-wheel drive. In terms of product, the market is classified into power electronics, e-brake booster, motor, and battery. In terms of electric vehicle type, the market is classified into battery electric vehicles, hybrid electric vehicles, and plug-in hybrid electric vehicles, Smart Electric Drive market. Regionally, it is classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Geographically, the Global E-Drive for Automotive Market is classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. North American market is classified further into US and Canada. European market is classified into Norway, Netherlands, UK, Germany, and others. Market in Asia Pacific is classified into India, China, Japan, and others. Among these, India and China are the major contributors to the growth of the market across the globe. The market in South America is mainly led by Brazil and Argentina. Middle East and African market is also going to stay noteworthy
Global E-Drive for Automotive Market is forecasted to be one of the most significant markets in forthcoming years. It is expected to remain the most sensational in Asia Pacific. Especially, the leading nations like India and China are cited as the major contributors to the growth of the market.
Key Questions Addressed by the Report
- What was the historic market size (2020)?
- Which segmentation (Product/ Capacity) is driving market?
- What will be the growth rate by 2023?
- How are the key players in this market?
- What are the strategies adopted by key players?
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TABLE OF CONTENT
2.Scope Of The Report
2.1 DEFINITION 24
2.2 SCOPE OF THE STUDY 24
2.3 LIST OF ASSUMPTIONS 25
2.4 MARKET STRUCTURE 25
3.1 RESEARCH PROCESS 26
3.2 PRIMARY RESEARCH 27
3.3 SECONDARY RESEARCH 28
3.4 MARKET SIZE ESTIMATION 28
3.5 TOP-DOWN And BOTTOM-Up APPROACH 29
3.6 FORECAST MODEL 30
3.7 Key Sources 31
4.1 Introduction 32
4.2 Drivers 33
4.2.1 Stringent Engine Emission Regulations In Developed Countries 33
4.2.2 Growing Demand For Enhanced Fuel Economy And Vehicle Performance 33
4.2.3 Drivers Impact Analysis 35
4.3 Restraint 35
4.3.1 Increased Sales Of Electric Vehicles 35
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