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Key market players such as BorgWarner Inc., GKN Automotive Limited, LG Magna e-Powertrain, Schaeffler AG, and Vitesco Technologies GmbH are the leading manufacturers in the market. Their dominance is attributed to factors including brand reputation, technological advancements, product reliability, and customer satisfaction. These attributes have established them as preferred manufacturers and suppliers in the industry.
Some of the key market players operating across the industry are:
The BEV oil-based EDU segment will exceed USD 10 billion by 2032, primarily due to the rapid growth of the electric vehicle (EV) sector and stringent emissions regulations.
Europe oil based electric drive unit (EDU) industry size was worth USD 3.2 billion in 2023 and will achieve a 24.8% CAGR between 2024 and 2032, driven by the increasing demand for energy-efficient and high-performance automotive technologies.
Some of the prominent players operating in the Europe oil based electric drive unit (EDU) industry are AVL, BorgWarner, Bosch, Dana TM4, ElringKlinger, Equipmake, FRIWO, GKN Automotive, hofer powertrain, Integral Powertrain, LG Magna e-Powertrain, Magna International, MAHLE, Nidec, Punch Powertrain, Saietta Group, Schaeffler, Vitesco Technologies, Voith, and ZF, among others.
Germany oil based electric drive unit industry will accumulate USD 7 billion by 2032, owing to its strong automotive industry and leadership in automotive technology advancements.