Asia Pacific Electric Drive Unit Market Size

Asia Pacific Electric Drive Unit Market size was assessed at USD 15.4 billion in 2023 and is envisioned to grow at a CAGR of 23.3% between 2024 and 2032. The growing uptake of electric vehicles, coupled with a heightened emphasis on enhancing EV performance and efficiency, are pivotal factors influencing product adoption on a global scale. International initiatives aimed at regulating energy-efficient practices to reduce carbon footprints are expected to bolster business prospects.

The product's penetration into new segments, such as electric buses and commercial vehicles, alongside the increasing integration of industrial automation and robotics, will drive its adoption in the foreseeable future. For instance, in September 2022, Robert Bosch unveiled an electric mobility solution tailored for its commercial vehicle line, initiating mass production of innovative drive units designed for light commercial vans and medium-sized trucks. These electric propulsion systems offer substantial benefits for these applications, including emission reduction and quieter operation, thereby contributing to improved urban air quality.