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Key market players, BorgWarner Inc., GKN Automotive Limited, LG Magna e-Powertrain, Schaeffler AG, Vitesco Technologies GmbH are the leading manufacturers in the market. Their dominance is attributed to factors like strong brand reputation, technological innovations, reliability, and high customer satisfaction, cementing their status as preferred manufacturer and suppliers in the sector.
Some of the key market players operating across the oil based electric drive unit industry are:
Aisin Corporation, BorgWarner Inc., DANA TM4 INC., GKN Automotive Limited, Integral Powertrain Limited, LG Magna e-Powertrain, Magna International Inc., Magnetic Systems Technology Limited, Nidec Corporation, Punch Powertrain nv, Robert Bosch GmbH, Schaeffler AG among others.
Asia Pacific market will reach USD 58.2 billion by 2032, owing to the region's booming automotive sector and significant investments in electric vehicle (EV) infrastructure.
The BEV segment will surpass USD 38.5 billion by 2032, due to the increasing adoption of battery electric vehicles (BEVs) worldwide.
The market size of oil based electric drive unit (EDU) reached USD 12.2 billion in 2023 and will expand at 24.5% CAGR between 2024 and 2032, led by the growing demand for energy-efficient vehicles, advancements in electric vehicle (EV) technology, and increasing investments in EV infrastructure.