Electric Vehicle Drive System Market Size & Growth | Global Report [2022-2028]

Market Overview:
The Electric Vehicle Drive System Market is expected to grow at a significant growth rate over the forecast period 2022-2028, considering base year as 2021.

An electric vehicle's drive system transforms electrical energy from the power supply system or from a battery into mechanical energy and conveys the resulting force into motion. This system, which is a crucial part of the propulsion systems for hybrid and plug-in electric vehicles (PEV), contains an inverter, an electric motor, a boosts converter, and an onboard charger. The battery-electric vehicle's driving system is its most important component. The stators, rotors, and electronic controllers that make up the drive system can be produced and configured in such a way that they can be used in a customer's custom powertrain.

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Market Dynamics:
Driver:
The use of electric vehicles, which include both battery- and plug-in-hybrid-powered vehicles, is growing. In 2021, 5.2 million plug-in hybrid electric vehicles and 11.2 million battery electric vehicles were in use, according to Statista. The drive system of electric cars has some advantages, such as improved mobility and performance, quick acceleration in short bursts, improved fuel economy, and flexibility in the design of the powertrain. These advantages expand the market for electric vehicle drive systems.

Opportunities:
Increased EV adoption will accelerate the growth of the electric vehicle drive system market. Major EV nations including the US, China, and Germany were investing extensively in EVs, EV charging stations, as well as research and development for speedier and more efficient charge processes, comparatively long EVs, and more inexpensive battery. Businesses have also been investing in the development of electrical powertrain technologies. To fulfil the rising demand for EVs, automakers are expected to make large expenditures. A number of Asian countries have adopted policies to reduce emissions over the coming years and replace their current fleets of vehicles with low-pollution models before 2035, along with those in the United States and Europe.

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Market segmentation
The Electric Vehicle Drive System market is segmented by type and application. Growth between segments over the period 2022-2028 provides accurate calculations and forecasts of revenue by type and application in terms of volume and value. This analysis can help you expand your business by targeting eligible niches.

Electric Vehicle Drive System Market Segment by Vehicle Types, Estimates, and Forecast by 2028
• Hybrid electric vehicles (HEVs)
• Plug-in hybrid electric vehicles (PHEVs)

Electric Vehicle Drive System Market Segment by Applications, Estimates, and Forecast by 2028
• E-Axle
• E-Wheel Drive

Regional Analysis for COVID-19 Outbreak-Global Electric Vehicle Drive System Market:
• APAC (Japan, China, South Korea, Australia, India, and Rest of APAC)
• Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
• North America (U.S., Canada, and Mexico)
• South America (Brazil, Chile, Argentina, Rest of South America)
• MEA (Saudi Arabia, UAE, South Africa)

Key Players For the Electric Vehicle Drive System Market
• ABB
• Aisin Corporation
• Allison Transmission
• Borgwarner, Bosch, Continental Ag
• Dana
• Denso
• GKN (Melrose)
• Hexagon AB
• Hitachi
• Huayu Automotive Electric System
• Hyundai Mobis
• Infineon Technologies
• Jatco
• Jing-Jin Electric Technologies
• LG Electronics
• Magna International
• Mahle
• Meidensha Corporation
• Meritor
• Nidec Corporation
• Shanghai Automotive Smart Electric Drive
• Siemens AG
• Smesh E-Axle
• ZF Group

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Key Industry Developments In The Electric Vehicle Drive System Market
In March 2021, Magna introduced their innovative product PHEV drivetrain & BEV. Throughout northern Sweden, vehicles underwent practice runs. The carbon reduction from its PHEV counterpart was 38%. Internet connection, power steering, and environmental are available for both variants.

Table Of Content
Chapter 1: Introduction
 1.1 Research Objectives
 1.2 Research Methodology
 1.3 Research Process
 1.4 Scope and Coverage
  1.4.1 Market Definition
  1.4.2 Key Questions Answered
 1.5 Market Segmentation

Chapter 2:Executive Summary

Chapter 3:Growth Opportunities By Segment
 3.1 By Vehicle Type
 3.2 By Application

Chapter 4: Market Landscape
 4.1 Porter's Five Forces Analysis
  4.1.1 Bargaining Power of Supplier
  4.1.2 Threat of New Entrants
  4.1.3 Threat of Substitutes
  4.1.4 Competitive Rivalry
  4.1.5 Bargaining Power Among Buyers
 4.2 Industry Value Chain Analysis
 4.3 Market Dynamics
  4.3.1 Drivers
  4.3.2 Restraints
  4.3.3 Opportunities
  4.5.4 Challenges
 4.4 Pestle Analysis
 4.5 Technological Roadmap
 4.6 Regulatory Landscape
 4.7 SWOT Analysis
 4.8 Price Trend Analysis
 4.9 Patent Analysis
 4.10 Analysis of the Impact of Covid-19
  4.10.1 Impact on the Overall Market
  4.10.2 Impact on the Supply Chain
  4.10.3 Impact on the Key Manufacturers
  4.10.4 Impact on the Pricing

Chapter 5: Electric Vehicle Drive System Market by Vehicle Type
 5.1 Electric Vehicle Drive System Market Overview Snapshot and Growth Engine
 5.2 Electric Vehicle Drive System Market Overview
 5.3 Hybrid electric vehicles (HEVs)
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size (2016-2028F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Hybrid electric vehicles (HEVs): Geographic Segmentation
 5.4 Plug-in hybrid electric vehicles (PHEVs)
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size (2016-2028F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Plug-in hybrid electric vehicles (PHEVs): Geographic Segmentation
To Be Continue.

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