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Electric Powertrain Systems Market Share

Report ID: GMI5368
Published Date: Sep 2024
Report Format: PDF

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Electric Powertrain Systems Market Share

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In 2023, dominant market players, including Tesla Inc, Robert Bosch Gmbh, Continental Ag, Zf Friedrichshafen AG, Borg Warner Inc And Others. The top companies collectively hold a substantial 45-50% market share. These industry leaders are actively engaged in strategic initiatives such as mergers & acquisitions, facility expansions, and partnerships to broaden their product portfolios, reach a wider customer base, and strengthen their market presence. These companies continuously invest in research and development to improve their electric powertrain systems, allowing them to stay ahead of the competition.

Electric Powertrain Systems Market Companies

Major players operating in the electric powertrain systems industry include:

BorgWarner Inc.
Continental AG
Cummins Inc.
Delta Electronics, Inc.
Eaton
GKN PLC
Hitachi Astemo Americas, Inc.
Hyundai Motor Company
Magna International Inc.
Marelli Holdings Co., Ltd.
Mitsubishi Electric Corporation
Nissan Motor Co., Ltd.
Robert Bosch GmbH
Sigma Powertrain, Inc.
Volkswagen

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of electric powertrain systems reached USD 34.50 billion in 2023 and is expected to grow at a CAGR of over 28.4% from 2024 to 2032, led by stricter environmental regulations to reduce carbon emissions.

The Electric Vehicle Drive Module (EVDM) is the dominant component, generating USD 3.39 billion in 2023, and is expected to reach USD 29.36 billion by 2032. The EVDM enhances EV performance by combining the electric motor, power electronics, and transmission into a single, efficient unit.

The Asia-Pacific region leads the market, generating USD 22.75 billion in 2023 and projected to reach USD 204.83 billion by 2032. Strong government support heightened environmental awareness, and urbanization in countries like China, Japan, and South Korea are key drivers.

Key market players include BorgWarner Inc., Continental AG, Cummins Inc., Delta Electronics, Inc., Eaton, GKN PLC, Hitachi Astemo Americas, Inc., Hyundai Motor Company, Magna International Inc., Mitsubishi Electric Corporation, Robert Bosch GmbH, and Volkswagen.