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Europe Electric Drive Unit Market Trends

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

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Europe Electric Drive Unit Market Trends

Shifting adoption towards electrification in the automotive industry, with major automakers in Europe investing in electric vehicle development along with rapid deployment of electric vehicle charging station in the region will augment the business outlook . As a result, there is a growing demand for advanced electric drive units that offer improved performance, efficiency, and reliability. Manufacturers in the region are focusing on innovation and technological advancements to meet these evolving needs, leading to the development of next-generation EDUs with higher power density, lighter weight, and enhanced thermal management capabilities.

Growing shift towards designing EDUs as integrated systems rather than individual components that allows for improved optimization of motor, inverter, gearbox, and control software for maximum performance and efficiency will augment the product adoption. In addition, integrating EDUs with thermal management systems becomes crucial to ensure optimal operating temperatures.

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 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, and Robert Bosch GmbH.