Home > Automotive > Automotive Parts > Transmission and Drivetrain > BEV Electric Drive Unit Market
BEV Electric Drive Unit Market Size
- Report ID: GMI9912
- Published Date: Jun 2024
- Report Format: PDF
BEV Electric Drive Unit Market Size
BEV Electric Drive Unit Market size was valued at USD 8.7 billion in 2023 and is projected to grow at a CAGR of 22.7% between 2024 and 2032, owing to factors including stricter emission regulations, rising consumer preference for eco-friendly transportation, and advancements in battery technology that make EVs more competitive. Manufacturers are battling to reduce production costs and improve EDU performance in terms of power, efficiency, and weight which in turn will increase the deployment of electric drive units in future EVs.
Continuous & exponential innovation in motor technology, particularly permanent magnet synchronous motors along with rising EVs aftermarket owing to the increasing adoption of EVs across the globe is creating opportunities for the market growth. For instance, in 08 June,2024 Toyota launched a new range of electric drive unit for battery electric vehicles. The newly launched product offers a compact module that is fixable within the transaxle housing to offer high cabin space and lower centre of gravity.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| BEV Electric Drive Unit Market Size in 2023: | USD 8.7 Billion |
| Forecast Period: | 2024 - 2032 |
| Forecast Period 2024 - 2032 CAGR: | 22.7% |
| 2032 Value Projection: | USD 56.4 Billion |
| Historical Data for: | 2021 - 2023 |
| No. of Pages: | 90 |
| Tables, Charts & Figures: | 12 |
| Segments covered: | Sales channel, Coolant, & Region |
| Growth Drivers: |
|
| Pitfalls & Challenges: |
|
Frequently Asked Questions (FAQ) :
BEV Electric Drive Unit Market Scope
