North America Automotive e-axle Market size was valued at US$ 2.30 Bn. in 2021 and is expected to grow at a CAGR of 7.46% during the forecast period.
The automotive e-axle is a compact electric drive solution which combines the transmission, power electronics, and electric motor into a single unit. The single casing allows for simple integration of several components, a single cooling system for all parts, streamlined packaging, and improved efficiency.
North America Automotive e-axle Market Scope:
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North America Automotive e-axle Market Overview:
The SMR North America Automotive e-axle Market report examines the historical and projected expansion of the upstream, midstream, and downstream industries. The overall market size, overall revenue, and market segmentation are all covered in great detail in the market study. The SMR research thoroughly considers a variety of factors, such as current market competition, potential growth hurdles, and profiles of important manufacturers, production and consumption by relevant areas, among others.
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North America Automotive e-axle Market Drivers:
The automotive industry of North America is rapidly shifting to electric vehicles from fuel-based vehicles. Growing investments and incorporation of innovative technologies by automotive OEMs in EVs and the development of advanced charging systems and batteries are driving this market growth in North America. The adoption of the electric vehicle is creating a rise in demand for the system to combine several other elements such as differential and power inverter that allows simplified integration and neat packaging to accelerate the market growth across North America.
North America Automotive e-axle Market Segmentation:
the Automobile e-axle Market is segmented into Passenger cars and commercial vehicles. Commercial vehicles have dominated the largest Market share accounting for 42% in 2021. The high growth of this segment is mainly driven by the growing awareness regarding the role of electric vehicles in reducing emissions, an increase in demand for electric vehicles for reducing fleet emissions, and stringent government rules and regulations towards vehicle emissions.
Key Players:
Nidec (Kyoto, Kyoto, Japan)
GKN Driveline (London, United Kingdom)
Vitesco (Regensburg, Germany)
Schaeffler (Herzogenaurach, Germany)
Dana (Maumee, Ohio, United States)
The SMR report also provides data on the leading players in the global North America Automotive e-axle market, such as company profiles, product images and specifications, figures on output and capacity, pricing and cost information, revenue information, and contact information. It is looked at what is needed in terms of raw materials, machinery, and upstream and downstream procedures.
North America Automotive e-axle Market Regional Analysis:
The Middle East and Africa, South America, North America, Asia Pacific, and Europe are the market's five geographical regions. The market sub-segments and important geographic divisions are all presented by Stellar Market Research. In this SMR report, we investigate regional evolution in relation to market size, share, and volume. In-depth analysis of business chain structures, opportunities, and the most recent market news is provided in this Stellar Market Research North America Automotive e-axle industry report in addition to data, geographic breakdowns, and revenue.
Key Questions answered in the North America Automotive e-axle Market Report are:
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Dec 01, 2022