Automotive e-axle market is anticipated to grow at a significant CAGR of 17.4% during the forecast period (2024-2031). An automotive e-axle, or electric axle, is a consolidated propulsion system present in electric vehicles (EVs) that combines the electric motor, power electronics, and gearbox into a single unit.
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Growing demand for electric vehicles (EVs) is a primary driver, pushing the adoption of e-axle systems as a key component in electric propulsion. Electric car markets are seeing exponential growth as sales exceeded 10 million in 2022. A total of 14.0% of all new cars sold were electric in 2022, up from around 9.0% in 2021 and less than 5.0% in 2020. Three markets dominated global sales. China was the frontrunner once again, accounting for around 60.0% of global electric car sales. More than half of the electric cars on roads worldwide are now in China and the country has already exceeded its 2025 target for new energy vehicle sales.
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- Market Coverage
- Market number available for – 2024-2030
- Base year- 2023
- Forecast period- 2024-2030
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Automotive E-axle Market Report Segment
By Vehicle Type
- Passenger Cars
- Commercial Vehicles
By Propulsion Type
- Battery Electric Vehicles (BEV)
- Hybrid Electric Vehicles (HEV)
By Application
- Front E-Axle
- Rear E-Axle
- All-wheel-drive (AWD) E-Axle
Global Automotive E-axle Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global automotive e-axle market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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