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Europe OEM Electric Drive Unit (EDU) Market Trends

Report ID: GMI11360
Published Date: Sep 2024
Report Format: PDF

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Europe OEM Electric Drive Unit Market Trends

Growing consumer demand for high-performance electric vehicles (EVs) and the increasing integration of advanced technologies in these vehicles are shaping a positive business outlook. As consumer preferences evolve, original equipment manufacturers (OEMs) are responding by developing more powerful and sophisticated electric drive units (EDUs) that prioritize high torque, acceleration, and efficiency. The emergence of performance-centric EV brands in the European region, notably Tesla, has established new industry benchmarks, compelling traditional automakers to elevate their EDU offerings to maintain competitiveness.

Furthermore, the adoption of cutting-edge technologies like artificial intelligence (AI), machine learning, and Internet of Things (IoT) connectivity is revolutionizing the OEM EDU landscape. These advancements facilitate smarter electric drive systems, optimizing performance in real-time according to driving conditions, energy consumption, and user preferences.

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size for OEM electric drive unit (EDU) in Europe reached USD 4 billion in 2023 and will grow at over 22.9% CAGR from 2024 to 2032, owing to the increasing stricter emission norms and plans from several countries.

The BEV segment is projected to surpass over USD 10.5 billion by 2032, due to the ongoing advancements in enhancing battery performance.

Germany market is anticipated to surpass USD 7.5 billion by 2032, attributed to the country's established automotive sector.

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