Market Research Report
Global Smart e-Drive Market By Vehicle Type, By Component, By Drive Type, By Application, By Battery Type, By Demand Category, By Region, Competition, Forecast & Opportunities, 2026
|Published by||TechSci Research||Product code||986305|
|Published||Content info||118 Pages
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|Global Smart e-Drive Market By Vehicle Type, By Component, By Drive Type, By Application, By Battery Type, By Demand Category, By Region, Competition, Forecast & Opportunities, 2026|
|Published: January 1, 2021||Content info: 118 Pages||
Global Smart e-Drive Market By Vehicle Type (HEV, PHEV, BEV), By Component (Power Electronics, E-Brake Booster, Inverter, Motor, Battery, Others), By Drive Type (FWD, RWD, AWD), By Application (E-Axle, Wheel Drive), By Battery Type (Lithium-ion, Nickel-based, Solid state battery, Others), By Demand Category (OEM v/s Aftermarket), By Region, Competition, Forecast & Opportunities, 2026.
The Global Smart E-Drive Market is expected to grow at a steady rate during the forecast period. The Global Smart E-Drive Market is driven by the increasing air pollution and climate change. This has led to the need for reducing the greenhouse gases emissions. This in turn is expected to positively impact the market growth through 2026. Additionally, stringent government policies and mandates for fleet level emissions are further expected to propel the market over the next few years. Furthermore, benefits such as reliability, weight & space reductions, compact size, lesser emissions have drastically increased the demand for hybrid and electric vehicles. However, high cost of the technology can hamper the market growth through 2026. Besides, lack of infrastructure and long term ROI can further restrict the market growth over the next few years.
The Global Smart E-Drive Market is segmented based on vehicle type, component, drive type, application, battery type, demand category, company and region. Based on vehicle type, the market can be categorized into HEV, PHEV and BEV. The PHEV segment is expected to dominate the market owing to their better fuel efficiencies, cost-effectiveness and lower vehicular emissions. While, the HEV segment is expected to register significant growth on account of the increased acceptance from the customers. Based on drive type, the market can be fragmented into FWD, RWD and AWD. The FWD segment is expected to dominate the market on account of its low cost and fuel efficiency. On the contrary, AWD is expected to witness the highest growth attributable to the benefits such as better acceleration, traction and towing capabilities offered by AWD.
Regionally, the Global Smart E-Drive Market has been segmented into various regions including Asia-Pacific, North America, South America, Europe, and Middle East & Africa. North America is expected to dominate the overall smart e-drive market owing to the growing demand for green vehicles. Additionally, the growing need for reducing the overall weight of the vehicle is further expected to create lucrative opportunities for the market growth in the region.
The major players operating in the Global Smart E-Drive Market are Magna International Inc, Robert Bosch GmbH, GKN plc, Hitachi Ltd., Hyundai Mobis Co. Ltd., Continental AG, Siemens AG, Schaeffler AG, ZF Friedrichshafen AG, BorgWarner Inc. and others. Major companies are developing advanced technologies and launching new products in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new product developments.
Years considered for this report:
Historical Years: 2016-2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022-2026
Objective of the Study:
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers, distribution channels and presence of all major players across the globe.
TechSci Research calculated the market size of the Global Smart E-Drive Market by using a bottom-up approach, wherein the data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
Key Target Audience:
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end-users, etc., besides allowing them in strategizing investments and capitalizing on the market opportunities.
In this report, the Global Smart E-Drive Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Solid state battery
Middle East & Africa
Company Profiles: Detailed analysis of the major companies present in the Global Smart E-Drive Market.
With the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report: