Get a free sample of Electric Drive Unit Market
Thank you!
Your inquiry has been received. Our team will reach out to you with the required details via email. To ensure that you don't miss their response, kindly remember to check your spam folder as well!
Form submitted successfully!
Error submitting form. Please try again.
Get a free sample of Electric Drive Unit Market
Thank you!
Your inquiry has been received. Our team will reach out to you with the required details via email. To ensure that you don't miss their response, kindly remember to check your spam folder as well!
Form submitted successfully!
Error submitting form. Please try again.
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
How much is the electric drive unit market worth?
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.
Why is the demand for electric drive units rising in BEVs?
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.
Who are the major electric drive unit market players?
AVL, Aisin Corporation, BorgWarner Inc., DANA TM4 INC., Equipmake, ElringKlinger AG, FRIWO Ger
Why is the electric drive unit industry booming in Asia Pacific?
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.