Automotive E-axle Market Size, Industry Analysis Report By Electric Vehicle Type (Battery Electric Vehicle, Hybrid Electric Vehicle, Plug-in Hybrid Electric Vehicle), By Drive Type (All-Wheel Drive (AWD), Front Wheel Drive (FWD), Rear Wheel Drive (RWD)), By Vehicle Type (Commercial Vehicle, Passenger Vehicle) & Region – Forecasts

  • 15/09/2022
  • 238
  • Automotive & Transportation
Automotive E-axle Market- Description
An automotive e-axle also called as an electric-powered axle mainly serves as a strong supply for battery electric powered motors and hybrid electric powered motors.
E-Axle is defined as an electro-mechanical propulsion system that is equipped with axle structures, electric motor, power electronics, and transmission units. This device acts as a compact, cost-attractive electric drive solution for battery-electric vehicles and hybrid applications.
It is also used in conjunction with a conventional ICE or hybrid powertrain. Also, E-Axle combines other several elements such as power inverter, and differential that allows neat packaging and simplified integration.

Automotive E-axle Market- Overview
The Automotive E-axle Market is valued at USD 9.7 billion in 2022 and is projected to reach a value of USD 113.1 billion in 2030 expanding at a CAGR of 31.9% over the forecast period of 2022-2030.
The design and configuration of e-axles differ significantly from that of conventional axles. But, the e-axles can improve overall drivetrain efficiency by minimizing gear losses, mainly when inefficient hypoid gears are removed.
Additionally, the e-axle can provide more packaging space within the chassis for other important battery or electric hybrid components such as, battery packs. An e-axle can be implemented on the vehicle's front or rear axle and if it is installed on the back axle of a hybrid vehicle, its front wheel is motorized by an internal combustion engine or the other way round.
Also, it manages to combine electric motors, power electronics, and transmission into a truly united compact system that reduces complexity and allows end-users to customize capacity, engine power, and installation space based on their needs.

Automotive E-axle Market- Key Market Trends

• Rise in sale of electric & hybrid vehicles has boosted the market growth

Every market has its growth determinant and challenges. One of the major factor that has fuelled the market growth over the forecast period is the rise in sale of electric & hybrid vehicles across the globe and increase in fuel costs. Moreover, rise in pollution, development of the automobile industry, and decrease in fossil fuel reserves have also boosted the growth of the global market over the forecast period.
The increase in the use of hybrid electric vehicles, heavy-duty trucks, and passenger or commercial vehicles because of the economic growth, increasing disposable income, and expanding market international trade has boosted the market growth.

• High cost of an electric aisle has restrained the market growth

One of the major restrain to the market growth over the forecast period is the high cost of an electric aisle propulsion system.
While, an increase in R&D activities for improvement in electric and hybrid vehicle, and upsurge in deployment of E-Axle in ICE vehicles have offered lucrative opportunities for the E-Axle market expansion. Rise in the sale of electric vehicles globally has also offered potential growth opportunities for the market.

Automotive E-axle Market- Segmental analysis of the Market

Based on Electric Vehicle Type
• Battery Electric Vehicle
• Hybrid Electric Vehicle
• Plug-in Hybrid Electric Vehicle

The battery electric vehicle segment has dominated the market growth over the forecast period. This is because the highly integrated e-axle is essential for the optimization of the performance of plug-in hybrid electric vehicles (PHEVs) and battery electric vehicles (BEVs) without increasing the cost.

Based on Drive Type
• All-Wheel Drive (AWD)
• Front Wheel Drive (FWD)
• Rear Wheel Drive (RWD)

The all-wheel drive segment has dominated the market growth over the forecast period. This is because of the exponential growth in the automotive market such as, tribbles on Kirk's Starship Enterprise. These systems guarantee their effectiveness in all-weather as well as dry-road with versatile benefits, and many consumers believe they are a must-have on any new-vehicle checklist.

Based on Vehicle Type
• Commercial Vehicle
• Passenger Vehicle

The passenger vehicle has dominated the market growth over the forecast period. This is because of the steady advancement in the global macroeconomic situation, increased global GDP, and subsequent increase in customer demand have positively contributed to the global automotive sector in general and the passenger car market in particular.

Automotive E-axle Market- Geographical analysis of the Market
The Automotive E-axle Market is segmented into 4 main regions namely, North America, Europe, Asia Pacific, and Middle east and Africa. Among these, North America is projected to dominate the market growth over the forecast period. This is because of the factors such as technological advancement, favourable government initiatives and investments, and the rapid rate of economic growth, among others. Moreover, the shifting preference of the US population for compact electric cars over high-torque vehicles and large SUVs is expected to boost the growth of automotive e-axle in the region.

Automotive E-axle Market- Competitive Landscape
Some of the prominent companies operating in the market are Axletech International, ZF Friedrichshafen AG, Continental AG, Dana Incorporated, Borgwarner Inc, GKN plc, Schaeffler Technologies AG & Co. KG, Linamar Corporation, Robert Bosch GmbH, Nidec Corporation, AVL List GmbH, and Magna International Inc.

Report Scope
Automotive E-axle Market: Historical Period- 2018-2021
Automotive E-axle Market: Industry and Forecast Period- 2022-2030
Automotive E-axle Market 2022- USD 9.7 billion
Automotive E-axle Market 2030- USD 113.1 billion
Automotive E-axle Market CAGR- 31.9%

Major Segments Covered
• Electric Vehicle Type- (Battery Electric Vehicle, Hybrid Electric Vehicle, and Plug-in Hybrid Electric Vehicle)
• Drive Type- (All-Wheel Drive (AWD), Front Wheel Drive (FWD), and Rear Wheel Drive (RWD))
• Vehicle Type- (Passenger Vehicle, and Commercial Vehicle)

Key Countries and Regions covered
• North America (US, Canada, and Mexico)
• Europe (UK, Germany, France, Italy, Netherlands, and Rest of Europe)
• Asia Pacific (China, Japan, South Korea, and Rest of APAC)
• Middle east and Africa

Top companies profiled- Axletech International, ZF Friedrichshafen AG, Continental AG, Dana Incorporated, Borgwarner Inc, GKN plc, Schaeffler Technologies AG & Co. KG, Linamar Corporation, Robert Bosch GmbH, Nidec Corporation, AVL List GmbH, and Magna International Inc.

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Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).


The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

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Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.

Business Solution

An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.


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