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Electric Drive Unit Market Share

Report ID: GMI9551
Published Date: May 2024
Report Format: PDF

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Electric Drive Unit Market Share

Hofer powertrain, GKN Automotive, DANA TM4 INC., Schaeffler AG, Vitesco Technologies GmbH are among the dominating market players in the electric drive unit industry. Schaeffler AG, efficient and high-performance electric drive units along with hofer powertrain, & GKN Automotive high clientele offers them a competitive edge.

Electric Drive Unit Market Companies

Some of the key market players operating across the electric drive unit industry are:

AVL
Aisin Corporation
BorgWarner Inc.
DANA TM4 INC.
Equipmake
ElringKlinger AG
FRIWO Gerätebau GmbH
hofer powertrain
LG Magna e-Powertrain
MAHLE Polska Sp. z o.o
Magnetic Systems Technology Limited
Magna International Inc.
Nidec Corporation
Punch Powertrain nv
Robert Bosch GmbH
Schaeffler AG
Saietta Group
Voith GmbH & Co. KGaA
Vitesco Technologies GmbH
Zytek Automotive Ltd.
ZF Friedrichshafen AG

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of electric drive unit reached USD 20 billion in 2023 and will grow at 22.8% from 2024 to 2032, led by continuous and exponential rising demand for electric vehicles.

The BEV vehicle type segment is expected to surpass USD 56 billion by 2032, driven by ongoing innovations including improved motor efficiency and thermal management.

Asia Pacific market held a decent share in 2023 and is projected to exceed USD 84 billion by 2032, strengthened by robust supply chains, skilled labor, and supportive government policies.

AVL, Aisin Corporation, BorgWarner Inc., DANA TM4 INC., Equipmake, ElringKlinger AG, FRIWO Gerätebau GmbH, hofer powertrain, LG Magna e-Powertrain, and MAHLE Polska Sp. z o.o among others.