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Europe Electric Drive Unit Market Share

Report ID: GMI8649
Published Date: Mar 2024
Report Format: PDF

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Europe Electric Drive Unit Market Share

GKN Automotive Limited, hofer powertrain, Magna International Inc., Vitesco Technologies GmbH, and DANA TM4 INC. holds a major share in the Europe EDU market. These companies prioritize strategic partnerships, the introduction of new vehicle types, and post-market strategies to expand their market presence. Additionally, they allocate substantial investments towards research endeavors focused on introducing innovative vehicle types, ultimately aiming to optimize revenue within the industry.

Europe Electric Drive Unit Market Companies

Major players operating in the European electric drive unit industry are:

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

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The European market for electric drive unit was reached USD 5.4 billion in 2023 and is envisioned to record a CAGR of 23.1% through 2032, attributed to rising adoption of electric vehicles along with increasing focus on EV performance & efficiency.

The BEV segment of Europe electric drive unit market is anticipated to surpass USD 18.1 billion by 2032, driven by increasing production capacity and enhancing battery technology.

Germany electric drive unit market revenue is estimated to exceed USD 10.1 billion by 2032, favored by government support for the adoption of EVs.

Aisin Corporation, AVL, BorgWarner Inc., C.F.R. Srl., DANA TM4 INC., ElringKlinger AG, Equipmake, FRIWO Ger