PUBLISHER: Allied Market Research | PRODUCT CODE: 1193070
PUBLISHER: Allied Market Research | PRODUCT CODE: 1193070
E-drive, also referred as electric-drive, utilizes battery as a power source to provide efficient transmission in the vehicle. It converts electrical energy to mechanical energy to ensure efficient movement of the wheels in the vehicle. In addition, it comprises electric brake booster, motor generator, power booster, and a battery. Moreover, e-drive ensures improved energy utilization in the vehicle and has several advantages such as low operating costs, higher efficiency, lower noise, and clean operation.
Commercial vehicles have gained traction in the e-drive for automotive market due to increased demand for zero emission vehicles. Government regulations implemented across the globe have led to increased demand for better and efficient electric powered commercial vehicle, which leads to the growth of the market. In addition, companies operating in e-drive for automotive market are introducing new e-drives for commercial vehicles across the globe, which fuels the growth of the segment. For instance, in April 2019, ZF introduced new 170kW electric drive with functional safety for commercial vehicles in China. ZF's new electric-drives for buses and medium-duty trucks will support China's commitment to electro mobility.
The growth of the global e-drive for automotive market is propelling, due to stringent government rules and regulations toward vehicle emission and rise in demand for electric vehicles. However, high cost of e-drive systems is the factor hampering the growth of the market. Furthermore, technological advancements is the factor expected to offer growth opportunities during the forecast period.
The e-drive for automotive market is segmented on the basis of electric vehicle type, vehicle drive type, application, and region. By electric vehicle type, it is divided into battery electric, plug-in hybrid, and hybrid. By vehicle drive type, it is classified into front wheel drive, rear wheel drive, and all-wheel drive. By application, it is fragmented into passenger cars and commercial vehicles. By region, the report is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key Benefits For Stakeholders
By Electric Vehicle Type
By Vehicle Drive type
By Application
By Region