Home > Automotive > Automotive Parts > Transmission and Drivetrain > Europe Electric Drive Unit Market
Europe Electric Drive Unit Market Size
- Report ID: GMI8649
- Published Date: Mar 2024
- Report Format: PDF
Europe Electric Drive Unit Market Size
Europe Electric Drive Unit Market was valued at USD 5.4 billion in 2023 and is envisioned to grow at a CAGR of 23.1% between 2024 and 2032. Rising adoption of electric vehicles along with increasing focus on EV performance & efficiency are key drivers shaping the product adoption worldwide. In addition, international efforts focused on regulating energy-efficient measures to diminish carbon footprints are poised to enhance the business prospects.
Expansion of the product into new applications including electric buses & commercial vehicles along with rising industrial automation & robotics will sway the product adoption. For instance, in September 2022, Robert Bosch launched an electric mobility solution for its commercial vehicles and commenced large-scale production of novel drive units tailored for light commercial vans and medium-sized trucks. Electric EDUs offer significant advantages for these applications, including reduced emissions and quieter operation, contributing to cleaner air quality in urban areas.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Europe Electric Drive Unit Market Size in 2023: | USD 5.4 Billion |
| Forecast Period: | 2024 - 2032 |
| Forecast Period 2024 - 2032 CAGR: | 23.1% |
| 2032 Value Projection: | USD 34.7 Billion |
| Historical Data for: | 2019 to 2023 |
| No. of Pages: | 320 |
| Tables, Charts & Figures: | 410 |
| Segments covered: | Vehicle Type, Sales Channel, Coolant, & Country |
| Growth Drivers: |
|
| Pitfalls & Challenges: |
|
Frequently Asked Questions (FAQ) :
Europe Electric Drive Unit Market Scope
