E-Drive for Automotive Market Research Report – Forecast to 2032

E-Drive For Automotive Market Research Report Information By Drive type (Front Wheel Drive, Rear Wheel Drive and All Wheel Drive), By Electric Vehicle Type (Battery Electric Vehicles (BEV), Hybrid Electric Vehicles (HEV) and Plug-In Hybrid Electric Vehicles (PHEV)), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Market Forecast Till 2032

ID: MRFR/AM/3637-CR | 111 Pages | Author: Sejal Akre | June 2018         

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E-Drive For Automotive Market Overview:


E-Drive For Automotive Market Size was valued at USD 1.5 Billion in 2022. The e-drive for the automotive market industry is projected to grow from USD 2.01 Billion in 2023 to USD 20.894 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 34.00% during the forecast period (2023 - 2032). The highly adaptable dashboard interface supports a wide variety of users and produces results that represent the relative suitability of locations for infrastructure development are the key market drivers enhancing market growth.


E-Drive for Automotive Market


Source: Secondary Research, Primary Research, MRFR Database and Analyst Review


E-Drive For Automotive Market Trends


Government regulations and strict laws regarding vehicle emissions are driving the market growth.


Market CAGR e-drive for automotive is driven by large pharmaceutical companies are also fuel cells, batteries, or other sources of energy, the component and system known as the "e-drive" transforms electrical energy into power for the driving system. The Evaluation and Development of Regional Infrastructure for Vehicle Electrification (E-DRIVE) in automation is a user-friendly analytical tool to assist in developing electric vehicle fast charging infrastructure throughout the region.


E-Drive is a data-driven tool that considers various crucial aspects of the infrastructure for fast charging, such as the distance to existing fast charging stations, traffic volume, nearby commercial activity, and the availability of home charging. The highly adaptable dashboard interface supports a wide variety of users. It produces results that represent the relative suitability of locations for infrastructure development, which drives the e-drive for the automation market.


During the forecast period, the demand for electric vehicles will be driven by stringent standards and regulations set by governments around the globe. Governments worldwide have implemented policies that support EVs, and these policies are driving the market for E-Drives. The report analyzes the effect of regulations and government policies on market growth by country.


The role of EVs has grown due to progressively stricter standards for fuel economy and CO2 emissions. Approximately 85% of all automobile sales worldwide today are subject to these requirements. Regulations governing CO2 emissions had a significant positive impact on the growth of electric vehicle sales in the European Union, which saw the largest yearly increase in 2020 to reach 21.1 million units. Some nations, including China and California, for decades, have set EV sales goals. Having accessible and affordable public charging stations will be more crucial as the use of EVs rises. Governments have acted to support EV charging infrastructure in an effort to combat this, including direct investments in the construction of easily accessible chargers and financial incentives for EV owners to install charging stations in their homes. Due to cities' efforts to give customers a better deal, EV sales outside urban areas have increased. These actions include strategically placing charging infrastructure and implementing preferred access or circulation regulations like zero-emission zones or various circulation levies. Such actions have significantly affected EV sales in Oslo and several Chinese cities. Additionally, the opportunity was created by the ongoing decline in battery prices, the expansion of electric vehicle models available, the adoption of EVs by fleet managers, and consumer demand for electric vehicles. Thus, driving the e-drive for automotive market revenue.


E-Drive For Automotive Market Segment Insights:


E-Drive For Automotive Drive Type Insights


Based on the drive type, the E-Drive For Automotive market segmentation includes front-wheel drive, rear-wheel drive and all-wheel drive. The rear-wheel drive segment dominated the market; the weight distribution between the front and rear wheels is typically more even in a rear-wheel-drive vehicle. As a result of the weight being distributed evenly, the handling characteristics are improved, enabling better traction and stability during acceleration, braking, and cornering. Compared to FWD vehicles, RWD vehicles typically have better acceleration traction. When accelerating, the vehicle's weight shifts to the back wheels, increasing grip and reducing the likelihood of wheel spin. Faster acceleration times may result from this, especially in high-performance vehicles.


Figure 1: E-Drive For Automotive Market, by Drive Type, 2022 & 2032 (USD Billion)


E-Drive For Automotive Market, by Drive Type, 2022


Source: Secondary Research, Primary Research, MRFR Database and Analyst Review


E-Drive For Automotive Electric Vehicle Type Insights


The E-Drive For Automotive market segmentation, based on electric vehicle type, includes battery electric vehicles (BEV), hybrid electric vehicles (HEV) and plug-in hybrid electric vehicles (PHEV). The hybrid electric vehicles (HEV) category generated the most income. Combining an internal combustion engine and an electric motor offers increased fuel efficiency and decreased emissions. This enables regenerative braking, in which the electric motor helps slow down the car while transforming kinetic energy into electrical energy, which is then stored in the battery for later use. Second, HEVs provide greater flexibility and range due to their dual fuel capability, which enables a seamless switch between gasoline and electricity. Additionally, by utilizing cleaner energy sources and lowering greenhouse gas emissions, HEVs promote sustainability and reduce reliance on fossil fuels. Due to the electric motor's instant torque delivery and ability to operate solely on electric power at lower speeds, HEVs offer a comfortable and quiet driving experience.


E-Drive For Automotive Regional Insights


By region, the study provides market insights into North America, Europe, Asia-Pacific and Rest of the World. The North American e-drive for the automotive market area will dominate this market; growing awareness and concerns about climate change and air pollution have motivated individuals to shift towards electric vehicles. EVs produce zero tailpipe emissions, reducing greenhouse gas emissions and improving air quality in urban areas. Many governments in North America have implemented various incentives to promote the adoption of electric vehicles. These incentives include tax credits, rebates, grants, and special access to carpool lanes or free parking, making EVs more financially attractive for consumers.


Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.


Figure 2: E-Drive For Automotive Products Market Share By Region 2022 (USD Billion)


E-Drive For Automotive Products Market Share By Region


Source: Secondary Research, Primary Research, MRFR Database and Analyst Review


Europe’s e-drive for the automotive market accounts for the second-largest market share due to Promoting electric vehicles being greatly aided by government regulations. In Europe, where electric vehicles have made up a sizeable portion of all registered vehicles, the results have begun to become apparent. China, the US, and a few European nations like Norway, France, etc. will all be involved in this in the upcoming years because of the favorable government policies and are positioned to assume the lead in the electric vehicle. Further, the German e-drive for the automotive market held the largest market share, and the UK e-drive for the automotive market was the fastest-growing market in the European region.


The Asia-Pacific E-Drive For Automotive Market is expected to grow fastest from 2023 to 2032. This is due to the growing demand for vehicles outfitted with cutting-edge technology and components. Additionally, government regulations that support long-term manufacturing and investment in the industry govern the Asia-Pacific e-drive for the automobile industry. Rising passenger car and vehicle registration in Asia-Pacific also provide the profitable potential for market expansion. Additionally, due to government initiatives, various technical advancements related to electric cars are taking place, fueling the e-drive to expand the automotive market. According to the company's most recent sales data, Tesla's best-ever month in China was September, with 83,135 vehicles sold. Because China currently accounts for about a quarter of all new automobile registrations and has a much higher rate of newly registered electric or plug-in hybrid vehicles. The demand for e-drive in automation will increase during the forecast period. Moreover, China’s e-drive for the automotive market held the largest market share, and the Indian e-drive for the automotive market was the fastest-growing market in the Asia-Pacific region. 


E-Drive For Automotive Key Market Players & Competitive Insights


Leading market players are investing heavily in research and development in order to expand their product lines, which will help the e-drive for the automotive market grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, e-drive for the automotive industry must offer cost-effective items.


Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the global e-drive for the automotive industry to benefit clients and increase the market sector. In recent years, the e-drive for the automotive industry has offered some of the most significant advantages. Major players in the e-drive for the automotive market, including Robert Bosch AG (Germany), BorgWarner (U.S.), ZF Friedrichshafen (Germany), Magnetic Systems Technology (Magtec) (U.K.), ABM Greiffenberger (Germany), SMR (India), GKN PLC (U.K.), AVL List Gmbh (Austria), ACTIA Group (France), SIEMENS AG (Germany), and others, are attempting to increase market demand by investing in research and development operations.


Siemens AG (Germany) is a technology company focusing on business, transportation, infrastructure, and healthcare. It develop technology to provide real value for customers, whether through resource-efficient factories, resilient supply chains, smarter buildings and grids, cleaner and more comfortable transportation, or cutting-edge healthcare. The Siemens Group generated revenue of €72.0 billion and net income of €4.4 billion during the fiscal year 2022, which ended on September 30, 2022. The company, which combines a rich history with the spirit of innovation, had about 311,000 employees worldwide as of September 30, 2022.


Samvardhana Motherson Reflectec (SMR) creates and manufactures intelligent camera and rearview mirror technologies for the automotive sector. It is a part of the Motherson Group, one of the 22 biggest automotive suppliers globally. One of the biggest suppliers of passenger car rearview mirrors worldwide is SMR. The business is a pioneer in developing intelligent camera technologies for automotive applications. SMR is a big, innovative company that operates all over the world. SMR, which began in the pure mirror business, is now a leader in intelligent camera systems for automotive applications and a specialist in rearview mirror systems. With cutting-edge technologies that improve driving safety and comfort, our mission is to actively contribute to shaping the automotive industry's future.


Key Companies in the e-drive for the automotive market include



  • Robert Bosch AG (Germany)

  • BorgWarner (U.S.)

  • ZF Friedrichshafen (Germany)

  • Magnetic Systems Technology (Magtec) (U.K.)

  • ABM Greiffenberger (Germany)

  • SMR (India),

  • GKN PLC (U.K.)

  • AVL List Gmbh (Austria)

  • ACTIA Group (France)

  • SIEMENS AG (Germany)


E-Drive For Automotive Industry Developments


In order to optimize its foundational portfolio and improve its position as a technological leader in e-Products, BorgWarner announced the second phase of its "Charging Forward" strategy in June. BorgWarner highlighted several e-Products victories in its ensuing Q2 report, including:


Chinese OEMs use iDM: To a top Chinese OEM, BorgWarner will provide a new integrated drive module (iDM). According to BorgWarner, production is expected to begin in 2024's second quarter.


iDM220 for Li Automotive Li Auto's innovative integrated drive module (iDM220) for its new energy vehicles is provided by BorgWarner.  


eMotor stator and inverter for an East Asian OEM One of the leading East Asian OEMs has chosen BorgWarner to supply the emotor stator and inverter for the new electric vehicle platform that the manufacturer plans to put into production by the middle of 2025.


High-Voltage Coolant Heaters for OEM EV Platforms are supplied to global automotive suppliers. For a large OEM, BorgWarner was able to negotiate a contract with a global supplier of automotive thermal and energy management systems to deliver high voltage coolant heaters (HVCH) for use on three different electric vehicle (EV) platforms.   


E-Drive For Automotive Market Segmentation:


E-Drive For Automotive Drive Type Outlook



E-Drive For Automotive Electric Vehicle Type Outlook



  • Battery Electric Vehicles (BEV)

  • Hybrid Electric Vehicles (HEV)

  • Plug-In Hybrid Electric Vehicles (PHEV)


E-Drive For Automotive Regional Outlook



  • North America

    • US

    • Canada



  • Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Rest of Europe



  • Asia-Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Australia

    • Rest of Asia-Pacific



  • Rest of the World

    • Middle East

    • Africa

    • Latin America



Report Scope:

Report Attribute/Metric Details
Market Size 2022 USD 1.5 Billion
Market Size 2023 USD 2.01 Billion
Market Size 2032 USD 20.894 Billion
Compound Annual Growth Rate (CAGR) 34.00% (2023-2032)
Base Year 2022
Market Forecast Period 2023-2032
Historical Data 2018- 2022
Market Forecast Units Value (USD Billion)
Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
Segments Covered Drive Type, Electric Vehicle Type and Region
Geographies Covered North America, Europe, Asia Pacific, and the Rest of the World
Countries Covered The US, Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
Key Companies Profiled Robert Bosch AG (Germany), BorgWarner (U.S.), ZF Friedrichshafen (Germany), Magnetic Systems Technology (Magtec) (U.K.), ABM Greiffenberger (Germany), SMR (India), GKN PLC (U.K.), AVL List Gmbh (Austria), ACTIA Group (France), SIEMENS AG (Germany)
Key Market Opportunities Government regulations and laws that are strict regarding vehicle emissions.
Key Market Dynamics E-drive's expanding benefits present a chance.




Frequently Asked Questions (FAQ) :

The E-Drive For Automotive market size was valued at USD 1.5 Billion in 2022.

The global market is projected to grow at a CAGR of 34.00% during the forecast period, 2023-2032.

The key players in the market are Robert Bosch AG (Germany), BorgWarner (U.S.), ZF Friedrichshafen (Germany), Magnetic Systems Technology (Magtec) (U.K.), ABM Greiffenberger (Germany), SMR (India), GKN PLC (U.K.), AVL List Gmbh (Austria), ACTIA Group (France), SIEMENS AG (Germany).

The rear-wheel drive category dominated the market in 2022.

The hybrid electric vehicle (HEV) had the largest share in the global market.

Key Questions Answered

  • Global Market Outlook
  • In-depth analysis of global and regional trends
  • Analyze and identify the major players in the market, their market share, key developments, etc.
  • To understand the capability of the major players based on products offered, financials, and strategies.
  • Identify disrupting products, companies, and trends.
  • To identify opportunities in the market.
  • Analyze the key challenges in the market.
  • Analyze the regional penetration of players, products, and services in the market.
  • Comparison of major players’ financial performance.
  • Evaluate strategies adopted by major players.
  • Recommendations
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