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Asia Pacific Electric Drive Unit Market Share

Report ID: GMI8901
Published Date: Apr 2024
Report Format: PDF

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Asia Pacific Electric Drive Unit Market Share

GKN Automotive Limited, hofer powertrain, Magna International Inc., Schaeffler AG, and DANA TM4 INC. are key players in the Asia Pacific electric drive unit (EDU) market. These firms prioritize strategic partnerships, the introduction of new vehicle models, and post-market strategies to enhance their market footprint. Moreover, they allocate significant investments to research initiatives aimed at unveiling innovative vehicle models, with the ultimate goal of maximizing revenue in the sector.

Asia Pacific Electric Drive Unit Market Companies

Some of major industry stakeholders that are actively operating the Asia Pacific electric drive unit industry are as follows:

AISIN CORPORATION
AVL
Continental AG
Danfoss
ElringKlinger AG
FRIWO Gerätebau GmbH
GKN Automotive Limited
hofer powertrain
Magna International Inc.
LG Magna e-Powertrain
MAHLE Polska Sp. z o.o
NIDEC CORPORATION
Robert Bosch GmbH
Schaeffler AG
Siemens
thyssenkrupp Automation Engineering GmbH
TMEIC Corporation.
Vitesco Technologies GmbH
Voith GmbH & Co. KGaA

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of electric drive unit in Asia Pacific reached USD 15.4 billion in 2023 and is set to witness 23.3% CAGR till 2032, led by the growing uptake of electric vehicles.

BEV from vehicle type segment is poised to cross USD 37 billion by 2032, driven by rising production capacity and advancing battery technology.

China market is projected to exceed USD 90 billion by 2032, propelled by government aid for electric vehicle adoption and high EV charging infrastructure development.

AISIN CORPORATION, AVL, Continental AG, Danfos, ElringKlinger AG, FRIWO Ger