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Europe Oil Based Electric Drive Unit Market Trends

Report ID: GMI11472
Published Date: Sep 2024
Report Format: PDF

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Europe Oil Based Electric Drive Unit Market Trends

Increasing focus on high power density & torque EDUs owing to their installation across fast charging EVs along with favourable government incentives & regulations are bolstering the product adoption across the region. Electric drive units are crucial in providing high torque and power density required by EVs, especially for heavy-duty or performance-focused vehicles. Oil-based drive units handle these demands efficiently, making them ideal for electric trucks, buses, and high-performance EVs, where mechanical strength and energy efficiency are paramount. Furthermore, stringent regulations on vehicle emissions and fuel efficiency push automakers to integrate more efficient electric drive technologies, including oil-based systems. Government incentives for EV production and purchase further encourage manufacturers to adopt advanced drive units to meet regulatory and market demands.

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

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.

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.

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.

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.