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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
Why are electric drive units are witnessing high demand in BEVs?
BEV from vehicle type segment is poised to cross USD 37 billion by 2032, driven by rising production capacity and advancing battery technology.
How much is the Asia Pacific electric drive unit market worth?
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.
Why is the demand for electric drive units expanding in China?
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.
Who are the major Asia Pacific electric drive unit industry players?
AISIN CORPORATION, AVL, Continental AG, Danfos, ElringKlinger AG, FRIWO Ger