Press release
E-Axle Market Expanding at CAGR of 20.2% during 2023-2028 is Predicted to Reach US$ 10.9 Billion in 2028
E-Axle Market Research and Forecast Report 2023-2028
What are the growth prospects of the E-axle industry?
The global E-axle market size reached US$ 3.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 10.9 Billion by 2028, exhibiting a growth rate (CAGR) of 20.2% during 2023-2028.
What is a E-axle?
An electric axle (E-axle) is an electro-mechanical power system combined with axle structures, power electronics, electric motors, and transmission units of cars. It comprises shafts, bearings, pinions, and differential gearing to create a system that serves as a power source for internal combustion engine vehicles (ICEVs) and hybrid electric vehicles (HEVs). It relies on liquid cooling technology to function efficiently and deliver high-output power to drive the car. It is available in a modular design that reduces operational complexities and modifies the power, torque, and installation space according to the requirements of the vehicle. It is reliable, easy to maintain, and minimizes noise in cars. It reduces the weight of vehicles by combining the motor, reducer, and inverter into a system while offering various power outputs. It facilitates torque distribution to both half-shafts and recharges batteries while slowing the vehicle on descents. It is used in various heavy-duty vehicles, such as trucks, tractors, and bulldozers, to maintain balance and efficiency while traveling uneven roads for long periods of time and reduce the load on the engine. It also eliminates fuel requirements in vehicles and prevents automobile emissions in the environment.
Impact of COVID-19:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Get a PDF Sample for more detailed market insights: https://www.imarcgroup.com/e-axle-market/requestsample
What are the major market drivers in the E-axle market?
At present, the rising demand for e-axle in electric vehicles (EVs) to provide steady power and improve operational efficiency represents one of the primary factors influencing the market positively. Besides this, governing agencies of several countries are undertaking initiatives to promote the utilization of electric vehicles (EVs) by offering subsidies to drivers. These vehicles assist in reducing the consumption of fossil fuels and the concentration of carbon dioxide in the air. In addition, the rising environmental awareness among the masses about the harmful impacts of air pollution is currently offering a favorable market outlook. Apart from this, the increasing integration of technologically advanced features, along with cost-effective chassis and lightweight systems in modern cars to improve the performance and safety of passengers, is strengthening the growth of the market. Additionally, the escalating demand for e-axle in heavy commercial vehicles to prevent engine explosions is supporting the growth of the market. Moreover, the rising production of compact cars to eliminate the load of a complex wiring system and reduce excessive fuel expenditure is contributing to the growth of the market. Furthermore, the increasing demand for incorporating enhanced thermal management systems in the drive components of e-axles is projected to bolster the growth of the market in the future.
E-Axle Market 2023-2028 Competitive Analysis and Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global E-axle market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on component type, vehicle type and drive type.
Breakup by Component Type:
Combining Motors
Power Electronics
Transmission
Others
Breakup by Vehicle Type:
ICE Vehicles
Passenger Vehicle
Commercial Vehicle
Electric Vehicle
Breakup by Drive Type:
Forward Wheel Drive
Rear Wheel Drive
All Wheel Drive
Breakup by Region:
North America
Asia-Pacific
Europe
Latin America
Middle East and Africa
List of Major Key Players:
The major players in the market are
AVL List GmbH
Axletech International (Meritor Inc)
Borgwarner Inc
Continental AG
Dana Incorporated
GKN Plc (Melrose Industries)
Nidec Corporation
Robert Bosch GmbH
Schaeffler Technologies AG & Co. KG
ZF Friedrichshafen AG (Zeppelin-Stiftung).
Key Highlights of the Report:
Market Performance (2016-2021)
Market Outlook (2023-2028)
Market Trends
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
Comprehensive mapping of the competitive landscape
Ask Customization and Browse full report with TOC & List of Figure: https://www.imarcgroup.com/e-axle-market
If you want latest primary and secondary data (2023-2028) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
Top Trending Reports (Book Now with 10% Discount + COVID-19 Scenario):
Modified Atmosphere Packaging Market- https://www.openpr.com/news/2810986/modified-atmosphere-packaging-market-size-growth-trends
Ceric Ammonium Nitrate Market- https://www.openpr.com/news/2811017/ceric-ammonium-nitrate-market-trends-growth-size-share
Insurance Analytics Market- https://www.openpr.com/news/2811046/insurance-analytics-market-research-report-2022-growth-size
Incident Response Services Market- https://www.openpr.com/news/2811065/incident-response-services-market-2022-2027-share-trends
Data Wrangling Market- https://www.openpr.com/news/2798250/data-wrangling-market-2022-2027-industry-share-size-growth
Smart Robot Market- https://www.openpr.com/news/2798270/smart-robot-market-2022-2027-industry-size-share-growth
Social Robots Market- https://www.openpr.com/news/2798283/social-robots-market-2022-2027-industry-growth-share-size
Contact us:
IMARC Group
30 N Gould St, Ste R
Sheridan, WY (Wyoming) 82801 USA
Website: https://www.imarcgroup.com
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas: - +1 631 791 1145 | Africa and Europe: - +44-702-409-7331 | Asia: +91-120-433-0800
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release E-Axle Market Expanding at CAGR of 20.2% during 2023-2028 is Predicted to Reach US$ 10.9 Billion in 2028 here
News-ID: 2857865 • Views: …
More Releases from IMARC Group
E-Bike Market Size, Share, Trends and Forecast by Mode, Motor Type, Battery Type …
The global E-bike market reached USD 26.4 Billion in 2024 and is set to expand to USD 45.5 Billion by 2033, driven by urbanization, government incentives, improving battery tech and rising demand for affordable, low-emission transport. Strong manufacturing in Asia Pacific, growing last-mile and commuter use, and greater adoption of pedal-assist and connected features are steering sustained growth at a 6.22% CAGR (2025-2033).
Request for a sample copy of this report:
https://www.imarcgroup.com/e-bike-market/requestsample
STUDY…
Agritourism Market Size, Share, Trends and Forecast by Tourist Type 2025 - 2033
The Global Agritourism Market is experiencing robust expansion, driven by farmers seeking to diversify their income streams and a surging global consumer interest in authentic, sustainable travel experiences. Valued at approximately USD 73.2 Billion in 2024, the market is projected to reach USD 205.6 Billion by 2033, reflecting a Compound Annual Growth Rate (CAGR) of 10.9% during the forecast period. This positive trajectory is further fueled by increased government support…
Global Pickles Market Size, Trend: Type, Taste, Sales Channel Forecast 2025-33
Global pickles market valuation reached USD 12.5 billion in 2024 and is projected to climb to USD 16.8 billion by 2033, growing at a CAGR of 3.79%. Rising consumer demand for healthy, probiotic-rich snacks, expanding e-commerce access, and growing interest in ethnic flavors are fueling this expansion. Consumers increasingly seek convenient and flavorful food options, while manufacturers innovate with packaging and taste profiles to meet diverse preferences.
Request for a sample…
Sodium Metabisulfite Production Cost Analysis Report 2025: Feasibility Study and …
Sodium metabisulfite (Na2S2O5) is a white crystalline powder widely used as a disinfectant, antioxidant, preservative, and bleaching agent. It finds applications in water treatment, food preservation, pharmaceuticals, pulp and paper, and textile industries. Known for its strong reducing properties and ability to release sulfur dioxide, sodium metabisulfite helps prevent microbial growth, oxidation, and discoloration, making it an essential chemical for industrial, commercial, and food-related processes.
A sodium metabisulfite plant requires sourcing…
More Releases for Vehicle
Transformative Trends Impacting the Vehicle-to-Vehicle (V2V) Communication Marke …
Stay ahead with our updated market reports featuring the latest on tariffs, trade flows, and supply chain transformations.
How Large Will the Vehicle-to-Vehicle (V2V) Communication Market Size By 2025?
The size of the vehicle-to-vehicle (V2V) communication market has seen significant expansion in the most recent years. The market is projected to surge from $24.28 billion in 2024 to $27.1 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 11.6%. The…
Electric Vehicle Motor Market : Battery Electric Vehicle, Plugin Hybrid Vehicle, …
According to the report published by Allied Market Research, the global electric vehicle motor market generated $5.5 billion in 2021, and is estimated to reach $34.4 billion by 2031, witnessing a CAGR of 20.3% from 2022 to 2031.
Asia-Pacific is expected to dominate the global electric vehicle motor market. An increase in vehicle population and a rise in vehicle standards fuel the growth of the Asia-Pacific market. Moreover, various technological…
Truck Platooning Market : Vehicle-to-infrastructure (V2I), Vehicle-to-vehicle (V …
According to a recent report published by Allied Market Research, titled,"Truck Platooning Market by Technology, Platooning Type, and Communication Technology: Global Opportunity Analysis and Industry Forecast, 2018 - 2025,"the global truck platooning market size was valued at $500.9 million in 2017, and is projected to reach $4,590.3 million by 2025, registering a CAGR of 32.4% from 2018 to 2025.
To Explore More, Download Sample Report: https://www.alliedmarketresearch.com/request-sample/5245
Global truck platooning market is segmented…
Electric Vehicle Motor Market : Battery Electric Vehicle, Plugin Hybrid Vehicle, …
According to a new report published by Allied Market Research, titled, "Electric Vehicle Motor Market," The global electric vehicle motor market was valued at $5.5 billion in 2021, and is projected to reach $34.4 billion by 2031, growing at a CAGR of 20.3% from 2022 to 2031.
Asia-Pacific is expected to dominate the global electric vehicle motor market. An increase in vehicle population and a rise in vehicle standards fuel the…
Electric Vehicle Power Inverter Market : Hybrid Vehicle, Plug in Hybrid Vehicle, …
The electric vehicle power inverter market was valued at $8.67 billion in 2021, and is estimated to reach $22.25 billion by 2031, growing at a CAGR of 10.4% from 2022 to 2031.
Download Sample Report at https://www.alliedmarketresearch.com/request-sample/9122
Factors that drive the growth of the electric vehicle power inverter market are increase in demand for electric vehicles, proactive government initiatives for the development of electric vehicle, and surge in demand for low-emission and…
Truck Platooning Market : Vehicle-to-infrastructure (V2I), Vehicle-to-vehicle (V …
The global truck platooning market size was valued at $500.9 million in 2017 and is projected to reach $4590.3 million by 2025, registering a CAGR of 32.4% from 2018 to 2025 by Technology (Adaptive Cruise Control (ACC), Blind Spot Warning (BSW), Global Positioning System (GPS), Forward Collision Warning (FCW), Lane Keep Assist (LKA), and Others), Platooning type (Driver-Assistive Tuck Platooning (DATP) and Autonomous Truck Platooning), and Communication Technology (Vehicle-to-infrastructure (V2I),…
