Global automotive e-axle market is anticipated to grow at a significant CAGR of 17.4% during the forecast period (2024-2031). A major factor supporting the growth of the market is the increasing introduction of innovative and precisely engineered e-Axles, which contributes to the growth of the automotive e-axle market and the ongoing advancements in electric propulsion technology, emphasizing electrification in the automotive industry. In September 2021, Dana Inc., expanded of its Spicer Electrified e-Powertrain offerings to include a family of single and tandem e-Axles designed for a wide variety of Class 7 and 8 applications. The Spicer Electrified Zero-8 e-Axles complement Dana's established heavy-duty EV e-Propulsion systems, which powered thousands of vehicles around the globe. The Zero-8 e-Axles leverage Dana's most robust and efficient drive axle technology, and are precisely engineered for demanding, over-the-road applications.
Browse the full report description of “Automotive E-axle Market Size, Share & Trends Analysis Report by Vehicle Type (Passenger Cars and Commercial Vehicles), by Propulsion Type (Battery Electric Vehicles (BEV) and Hybrid Electric Vehicles (HEV)), by Application (Front E-Axle, Rear E-Axle, and All-wheel-drive E-Axle) Forecast Period (2024-2031)” at https://www.omrglobal.com/industry-reports/automotive-e-axle-market
Moreover, the expanding geographical footprint of key players, especially in major automotive markets, accelerates the expansion and diversification of the global automotive e-axle market. For instance, in September 2023, Tresa Motors claimed that it had developed India’s first e-axle, DAX1, and its upgraded version of the medium and heavy electric truck platform, Model V0.1, capable of carrying a load capacity ranging from 18 to 55 tons. The start-up stated that the DAX-1 was powered by its FLUX350 platform motors and could operate within the range of 150kW to 350kW. It weighed under 25kg with the motor capable of delivering up to 350kW of power.
Market Coverage
• The market number available for – 2023-2030
• Base year- 2023
• Forecast period- 2024-2031
• Segment Covered-
o By Vehicle Type
o By Propulsion Type
o By Application
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- Continental AG, Dana Inc., Melrose Industries PLC, Robert Bosch GmbH, and ZF Friedrichshafen AG among others.
Key questions addressed by the report.
Global Automotive E-axle Market Report Segment
By Vehicle Type
By Propulsion Type
By Application
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
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