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BEV Electric Drive Unit Market Analysis

Report ID: GMI9912
Published Date: Jun 2024
Report Format: PDF

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BEV Electric Drive Unit Market Analysis

BEV Electric Drive Unit Market Size, By Sales Channel, 2022 – 2032 (USD Billion)

Based on sales channel, the market is segmented into OEM & aftermarket, where OEM EDU industry is anticipated to exceed USD 39.5 billion by 2032. This market growth is induced by key factors including surging EV demand along with rising concern to reduce the conventional fuel vehicles. In addition, OEMs drives the industry as they design and assemble electric vehicles that require large volumes of EDUs for their production lines, making direct sales from EDU manufacturers the most efficient option.

The integration of EDUs with other vehicle components necessitates close collaboration between OEMs and EDU suppliers. This fosters a strong partnership where EDUs are specifically designed to meet the unique performance and efficiency requirements of each OEM's vehicle platform.

BEV Electric Drive Unit Market Revenue Share, By Coolant, 2023

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Based on coolant the BEV electric drive unit market is segmented oil based and water glycol. Oil based coolant segment is expected to observe around 24% through 2032. The oil-based coolant is easy to maintain and offers high-rust protection along with increasing lubrication & sump life, which in turn increases the product’s rate of adoption in BEVs for higher thermal performance.

BEV Asia Pacific Electric Drive Unit Market Size, 2022 – 2032 (USD Billion)

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The Asia Pacific BEV electric drive unit market is projected to cross USD 30 billion by 2032. This translates to a thriving market for the electric drivers and other components that make these cars run. Rising production capacity for BEVs and advancements in battery technology is further fuelling the market growth to expand its market investments into charging infrastructure, making BEVs a more convenient and realistic option for consumers across Asia Pacific.

The U.S. is witnessing significant investments from traditional automakers like Ford and General Motors, who are partnering with international suppliers to develop competitive EDU solutions. This regional diversification fosters innovation and competition, ultimately leading to a wider range of BEV EDU options for automakers worldwide.

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of BEV electric drive unit reached USD 8.7 billion in 2023 and will witness 22.7% CAGR from 2024 to 2032, owing to factors including stricter emission regulations, rising consumer preference for eco-friendly transportation

The OEM segment in the BEV electric drive unit industry will exceed USD 39.5 billion by 2032, driven by surging EV demand along with rising concerns to reduce the conventional fuel vehicles.

Asia Pacific market is anticipated to grow at over USD 30 billion by 2032, led by rising production capacity for BEVs and advancements in battery technology.

Magnetic Systems Technology Limited, MAHLE Polska Sp. z o.o, Nidec Corporation, Nissan Motor, Punch Powertrain nv, Robert Bosch GmbH, Saietta Group, and Schaeffler AG among others.