The Global Automotive Electric Drive Axle Market is expected to grow with a CAGR of 14.7% from 2024 to 2030

CITY, Country, 2024-Jan-17 — /EPR Network/ —

According to a market report by Lucintel, the future of the global automotive electric drive axle market looks promising with opportunities in the passenger cars and commercial vehicle markets. The global automotive electric drive axle market is expected to grow with a CAGR of 14.7% from 2024 to 2030. The major drivers for this market are escalating demand for electric and hybrid vehicles and rising emission standards.

In this market, electric axle and hybrid axle are the major segments of automotive electric drive axle market by type.

Lucintel forecasts that hybrid axle will remain the largest segment over the forecast period due to increasing popularity of hybrid electric vehicles.

Within this market, passenger cars will remain the largest segment due to government policies and regulations.

APAC will remain the largest region over the forecast period due to high EV sales, majorly from China.

American Axle & Manufacturing, ZF Friedrichshafen, Gkn, Continental, Magna International, Schaeffler Technologies, and Axle Tech International are the major suppliers in the automotive electric drive axle market.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1–972–636–5056 or write us at helpdesk@lucintel.com

About Lucintel

At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.

Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056