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EDrive Automotive Market Share

ID: MRFR//3637-CR | 128 Pages | Author: Sejal Akre| March 2024

The global market for E-drive in the automotive sector has undergone segmentation based on drive type, electric vehicle type, and region. Among the various drive types, the battery segment emerged as the market leader, capturing the largest market share of 34.28% in 2017. The market value for the battery segment was USD 4,702.4 million, and it is anticipated to exhibit the highest Compound Annual Growth Rate (CAGR) of 54.75% during the forecast period.

In the context of drive types, the front-wheel drive segment secured the largest market share, commanding 43.32% in 2017. The market value for the front-wheel drive segment was USD 3,720.9 million, and it is expected to witness the highest CAGR growth of 16.14%.

The prominence of the battery segment in the E-drive market underscores the critical role of battery technology in advancing electric propulsion systems. The increasing adoption of electric vehicles (EVs) and hybrid electric vehicles (HEVs) has propelled the demand for high-performance batteries, thereby contributing to the growth of the battery-driven E-drive market. The anticipated CAGR of 54.75% for the battery segment reflects the accelerating pace of technological advancements and the continuous evolution of battery technologies, enhancing the efficiency and range of electric vehicles.

Within the drive types, the front-wheel drive segment stands out as a dominant force in the market. With a market share of 43.32% in 2017, the front-wheel drive segment has exhibited its significance in the context of E-drive systems. The superior traction, handling, and cost-effectiveness of front-wheel drive configurations have made them a preferred choice for electric and hybrid vehicles. The projected CAGR of 16.14% for the front-wheel drive segment underscores the sustained demand for this drive type, driven by its advantages in terms of vehicle dynamics and manufacturing efficiencies.

The segmentation of the E-drive market reflects the diverse technological landscape within the automotive industry, where different drive types and electric vehicle configurations cater to specific consumer needs and preferences. The market dynamics are shaped by ongoing innovations in battery technology, drive systems, and vehicle architectures, aligning with the global transition towards sustainable and electric mobility.

Regional variations further contribute to the nuanced landscape of the E-drive market. The increasing market share of Asia Pacific, particularly the prominence of China in electric vehicle adoption, has played a pivotal role in shaping the global market dynamics. With supportive government policies, incentives, and a burgeoning demand for electric vehicles in the region, Asia Pacific has emerged as a key player in the E-drive market.

In conclusion, the segmentation of the global E-drive for the automotive market based on drive type highlights the pivotal role of battery technology and the prevalence of front-wheel drive configurations. As the automotive industry undergoes a transformative shift towards electric and hybrid propulsion systems, the E-drive market is expected to witness sustained growth, driven by advancements in technology, consumer preferences, and regional dynamics. The forecasted high CAGR for the battery segment and front-wheel drive segment underscores their strategic importance in shaping the future of electric mobility.

Covered Aspects:

Report Attribute/Metric Details
Base Year For Estimation 2022
Historical Data 2018- 2022
Forecast Period 2023-2032
Growth Rate 34.00% (2023-2032)

Automotive E Drive Market Overview


The Automotive E Drive Market size was valued at USD 10843.7 million in 2023. The Automotive E Drive industry is projected to grow from USD 11893.37 million in 2024 to USD 24902.38 millionby 2032, exhibiting a compound annual growth rate (CAGR) of 9.67% during the forecast period (2024–2022). Automotive e-drive, short for electric drive, refers to the propulsion system used in electric vehicles (EVs) to generate power and propel the vehicle forward. Unlike traditional internal combustion engines (ICEs), which rely on burning fossil fuels to generate mechanical power, automotive e-drive systems utilize electricity stored in batteries or other energy storage devices to drive electric motors. The automotive e-drive market has witnessed remarkable growth in recent years, fueled by increasing environmental awareness, government incentives promoting electric mobility, and advancements in battery technology.


As per Analyst at MRFR, “The automotive e-drive market is witnessing several key trends that are reshaping the industry landscape including increasing demand for electric vehicles (EVs) globally, driven by rising environmental concerns, government regulations promoting clean energy, and advancements in battery technology.”.


Figure 1: Automotive E Drive Market Size 2019-2032 (Usd Million)


Automotive E Drive Market Size


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


Automotive E Drive Market Trends




  • Increasing Investment In Research And Development For E-Drive Systems




The automotive e-drive market is poised for significant growth opportunities driven by increasing investment in research and development (R&D) for e-drive systems globally. As the demand for electric vehicles continues to rise and technological advancements accelerate, automakers and component manufacturers are intensifying their R&D efforts to innovate and enhance the performance, efficiency, and affordability of e-drive systems.


Data from industry research firms and market analyses underscore the growing importance of R&D investment in shaping the future of the automotive e-drive market. With electric mobility emerging as a dominant trend in the automotive industry, automakers are allocating substantial resources to develop next-generation e-drive technologies, including electric motors, power electronics, and battery systems.


Government organizations, research institutions, and private sector entities are also playing a pivotal role in driving R&D investment in e-drive systems. Collaborative initiatives, public-private partnerships, and government-funded research programs support innovation and technology development, fostering a conducive ecosystem for advancing e-drive technologies and addressing industry challenges.


Moreover, increasing competition and market dynamics are fueling a race for innovation in e-drive systems, compelling companies to invest in R&D to gain a competitive edge and differentiate their products in the market. With the automotive industry undergoing a paradigm shift towards electrification, R&D investment in e-drive systems presents lucrative opportunities for stakeholders across the value chain, including automotive OEMs, suppliers, and technology providers.


By harnessing the power of R&D investment, the automotive e-drive market can unlock new possibilities, drive product innovation, and accelerate the transition to electric mobility on a global scale. Strategic partnerships, collaboration with research institutions, and a long-term commitment to innovation are essential for capitalizing on R&D opportunities and shaping the future of the automotive industry.


Automotive E Drive Market Segment Insights


Automotive E Drive Voltage Type Insights


Based on the Voltage type, the Global Automotive E-drive market has been bifurcated into low voltage electric drive system and high voltage electric drive system. High voltage electric drive would be the majority shareholder in 2022, contributing around 83.17 % to the market revenue. High voltage electric drive vehicles have high voltage electrical systems which are used primarily for vehicle propulsion, and low voltage electrical systems, which are used to power typical vehicle controls and auxiliary loads. High voltage electric drive systems are designed to improve the overall flexibility and efficiency of the plant, achieving significant, long-term cost savings by reducing energy consumption.


Automotive E Drive Propulsion Type Insights


Based on propulsion type, the global Global Automotive E-drive Market is segmented into BEVs, HEVs, PHEVs and FCEVs. BEV’s hold the largest market share in 2023. Battery Electric Vehicles (BEVs) utilize E Drives to convert the direct current (DC) power from the vehicle's battery into alternating current (AC) power to drive the electric motor. The market drivers for Automotive E Drive include the increasing global demand for electric vehicles due to environmental concerns and government regulations promoting clean energy transportation solutions. Technological advancements in power electronics, such as wide-bandgap semiconductors like silicon carbide and gallium nitride, are driving efficiency improvements in E Drives, leading to better performance and range for electric vehicles.


Automotive E Drive Application Insights


Based on application, the Automotive E Drive Market is segmented into Passenger Cars, Commercial Vehicle and Motorcycles & Three Wheelers. Passenger Cars hold majority share of the market in 2023. In passenger cars, an Automotive E Drive is a critical component that converts the direct current (DC) stored in the vehicle's battery into alternating current (AC) to power the electric motor. This conversion is essential for controlling the speed and torque of the motor, enabling smooth acceleration and efficient operation of the electric vehicle. One driver for the advancement of Automotive E Drive in passenger cars is the ongoing quest for increased energy efficiency and range. Improving the E Drives 's efficiency extends the driving range of electric vehicles on a single charge, making them more practical for everyday use. Additionally, advancements in Automotive E Drive technology help reduce energy losses during power conversion, leading to improved overall performance and lower operating costs for electric vehicle owners.


Figure 2: Automotive E Drive Market, By Application, 2022 Vs 2032 (Usd Million)


Automotive E Drive Market, By Application, 2022 Vs 2032


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


Automotive E Drive Regional Insights


By Region, the study provides market insights into North America, Europe, Asia-Pacific, Middle East and Africa and South America. The Europe automotive E drives market is a rapidly growing industry that is expected to experience significant growth in the coming years. The development of the European automotive E drives market can be attributed to various factors, such as the increasing demand for electric vehicles, government incentives, and technological advancements. Key players in the European automotive E drives market include major automotive manufacturers and specialized inverter manufacturers focusing on EV technology. These companies are investing in research and development and training programs to enhance E drives' efficiency, reliability, and performance.


The North American is the second largest rapidly growing market in Automotive E Drive Market is a that is driven by the increasing adoption of electric vehicles in the region, driven by environmental concerns and government incentives promoting clean energy. Key players in the North American automotive E drives market include major automotive manufacturers and specialized E drives manufacturers focusing on EV technology. These companies are investing heavily in research and development to improve the efficiency and performance of EV E Drives, driving innovation in the industry.


The Asia-Pacific region is witnessing significant growth in the adoption of electric vehicles, driven by factors such as government initiatives, environmental concerns, and technological advancements. As a result, the demand for EV E Drives in this region has been on the rise.


Figure 3: Automotive E Drive Market Size By Region 2022 Vs 2032


Automotive E Drive Market Size By Region 2022


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


Further, the major countries studied in the market report are the U.S., Canada, Mexico, Germany, UK, France, Italy, Spain, China, Japan, India, Brazil, Argentina, GCC countries, South Africa, and Others.


Automotive E Drive Key Market Players & Competitive Insights


In the automotive e-drive industry, strategic alliances and joint ventures are commonplace, allowing businesses to bolster their market share and broaden their scope. Companies that want to expand into new areas, enhance their product offerings, or find ways to pool resources and technology frequently engage in mergers and acquisitions.


Another important tactic is geographic expansion, with businesses focusing on developing nations to take advantage of expanding industrial activity and infrastructural advancements. The competitive landscape is shaped in large part by regulatory compliance, especially with regard to environmental standards, as businesses endeavor to match their products with strict rules and sustainability goals.


During the study, MRFR has analyzed some of the major players in the Automotive E Drive Market who have contributed to the market growth. These include MAHLE GmbH, DANA TM4 INC., ZF Friedrichshafen AG, Robert Bosch, Continental AG, and Magna International Inc.  and others in the Automotive E Drive market. These players focus on expanding and enhancing their product portfolio and services to remain competitive and increase their customer base. Additionally, these players are focusing on partnerships & collaborations to expand their business and customer base to enhance their market position.


Key Companies in the Automotive E Drive Market include.



  • MAHLE GmbH

  • DANA TM4 INC.

  • ZF Friedrichshafen AG

  • Robert Bosch

  • Continental AG

  • Magna International Inc.

  • Valeo SA

  • BorgWarner Inc.

  • AISIN CORPORATION

  • Denso Corporation

  • GKN Automotive Limited

  • Others


Automotive E Drive Industry Developments



  • In January 2024, Magna has introduced its latest 800V eDrive solution at CES 2024, showcasing a product that the company claims "establishes new benchmarks in efficiency, power-to-weight ratio, and torque density." This unveiling marks a significant milestone in Magna's commitment to advancing electric propulsion technology and underscores its dedication to pushing the boundaries of performance and innovation in the automotive industry.

  • In November 2022, ZF, a prominent Tier 1 supplier in the automotive industry, has unveiled its latest innovation: a next-generation electric drive system built upon a modular framework encompassing electric motor, inverter, transmission, and software components. This groundbreaking announcement signals a significant advancement in electric propulsion technology, offering manufacturers a flexible and customizable solution to meet the diverse requirements of electric vehicles (EVs).


Automotive E Drive Market Segmentation:


Automotive E Drive Voltage Type Outlook



  • Low Voltage Electric Drive System

  • High Voltage Electric Drive System


Automotive E Drive Propulsion Type Outlook



  • Battery Electric Vehicle (BEV)

  • Hybrid Electric Vehicle (HEV)

  • Plug-in Hybrid Electric Vehicle (PHEV)

  • Fuel Cell Electric Vehicle (FCEV)


Automotive E Drive Application Outlook



  • Passenger Cars

  • Commercial Vehicle

  • Motorcycles & Three Wheelers


Automotive E Drive Regional Outlook



  • North America

    • US

    • Canada

    • Mexico



  • Europe

    • Germany

    • France

    • UK

    • Spain

    • Italy

    • Denmark

    • Austria

    • Netherlands

    • Poland

    • Sweden

    • Austria

    • Rest of Europe



  • Asia-Pacific

    • China

    • Japan

    • India

    • South Korea

    • Rest of Asia-Pacific



  • Middle East & Africa

    • Saudi Arabia

    • UAE

    • South Africa

    • Rest of Middle East & Africa



  • South America

    • Brazil

    • Argentina

    • Rest of South America



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