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E-Drive for Automotive Market is Projected to Clock a CAGR of 8.2% During 2022-2028

Pressure has continued to mount on the automotive sector as concern over uncontrolled carbon emission, global warming and environmental depletion become graver, prompting it to take pro-environmental stances in recent times.

Due to the COVID-19 pandemic, the global E-Drive for Automotive market size is estimated to be worth US$ 9445.9 million in 2022 and is forecast to a readjusted size of US$ 15200 million by 2028 with a CAGR of 8.2% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Front Wheel Drive accounting for % of the E-Drive for Automotive global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Battery Electric Vehicles segment is altered to an % CAGR throughout this forecast period.

Meanwhile, emerging markets such as China, India and Mexico have become major investment destinations for automotive companies, as the rising middle class in these countries represent a lucrative revenue pocket. Data released by the International Economic Development Council (IEDC) reveals that by 2050.

The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.

A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.

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The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.

Segment by Type

  • Front Wheel Drive
  • Rear Wheel Drive
  • All Wheel Drive

Segment by Application

  • Battery Electric Vehicles
  • Hybrid Electric Vehicles
  • Plug-In Hybrid Electric Vehicles

By Company

  • Zf Friedrichshafen
  • Robert Bosch
  • Smr
  • Gkn
  • Magnetic Systems Technology
  • Actia Group
  • Borgwarner
  • Siemens
  • Abm Greiffenberger

Production by Region

  • North America
  • Europe
  • China

Consumption by Region

  • North America (United States, Canada)
  • Europe (Germany, France, U.K., Italy, Russia)
  • Asia-Pacific (China, Japan, South Korea, India, Australia, China Taiwan, Indonesia, Thailand, Malaysia)
  • Latin America (Mexico, Brazil, Argentina)
  • Middle East & Africa (Turkey, Saudi Arabia, UAE)


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