Global Smart e-Drive Market Size, Share, Forecast Report, 2020-2027

The global Smart e-Drive market garnered revenue around USD XX Billion in 2019 and projected to reach USD XX Billion in 2027, with at a compound annual growth rate of 20.1% throughout the estimate period from 2020 to 2027.

The smart e-drive market is majorly driven by the high demand for hybrid and electric vehicle, and the introduction of stringent rules and regulations by various governments. These governments plan to reduce carbon emission by promoting the use of electric vehicles. The government of various countries, all over the globe provide some kind of tax benefits and incentives to the original equipment manufacturers of electric vehicles, thereby driving the growth of the smart e-drive market. Due to the rising concerns regarding environmental pollution, many governments have implemented several regulations and policies to reduce vehicle emission over the last few years. Global warming has also been a major threat to the environment and human life. Moreover, the emergence of eco-friendly vehicles, has also played a major role in the increasing sales of smart e-drive.

This research report encompasses precise assessment of the market with the help of comprehensive qualitative insights and supportable prognoses regarding market size, consumption and production. The projections presented in the report have been derived using proven research methodologies and assumptions. It does so by means of comprehensive qualitative insights, historical statistics, and verifiable predictions about market revenue and sales.

The rapidly budding threat owed to the eruption of COVID-19 is impacting lives, communities, businesses, and industries across the globe. With businesses shuttered, flights grounded, COVID-19 is about to affect the global economy in different ways such as by directly upsetting production and demand, by generating supply chain disruption, and by its financial impact on firms and financial markets. Therefore, this report covers COVID-19 outbreak impact analysis on the Smart e-Drive market under the research study. The market estimates offered in the report are the outcome of in-depth extensive secondary research, primary interviews and in-house professional assessments. These market evaluations have been measured by reviewing the impact of numerous social, political and economic factors coupled with recent market dynamics affecting the Smart e-Drive market growth.

The global Smart e-Drive market is characterized by the presence of numerous small as well as medium scale companies. These players are largely focused towards forward integration via raw material production, product manufacturing, and distribution across various industry verticals. The report recognizes numerous crucial manufacturers of the market. This research study aids to comprehend the strategies and associations that companies are converging to survive in this competitive marketplace. This report assists in understanding footprints of the manufacturers with the help of their global revenue, production, capacity and average selling price analysis for period 2016-2027.

Major manufacturers analysed under this study comprises:

The prominent players in the global smart e-drive market include Siemens (Germany), Robert Bosch (Germany), Continental (Germany), Aisin Seiki (Japan), Schaeffler (Germany),  BorgWarner (US), Infineon (Germany), UQM Technologies (US), Efficient Drivetrains (US), Shanghai Edrive (China) and SINOEV (US).

This report delivers market breakdown and its revenue, consumption, production analysis and projections by categorizing it depending on parameters such as type, application/end-user, and region. This research report delivers the analysis and prognosis of revenue, production, price, market share and growth trend for different products such as:

Based on applications, the global smart e-drive market has been segmented as e-Axle and wheel drive. Among these, the e-axle segment is expected to grow with the highest growth rate during the forecast period. The growth of this segment can be attributed to various factors such as increasing focus on vehicle electrification, overall vehicle efficiency in passenger cars and increase in fuel economy. The use of electric drive axles reduces the interface and bearing, which in turn, results in better performance, reduced noise and less use of energy.

Based on battery type, the smart e-drive market has been segmented as Lithium-ion, nickel-based, lead acid and solid state battery;  lead acid battery expected to grow, significantly. over the forecast period. They require low maintenance and rechargeable batteries. This battery is the most widely used battery type, because of its high power density and ease of use. It comes in all shapes, voltages, amperages and sizes. Lead acid batteries are widely accepted as they do not allow for the addition or loss of liquid.

Regional Analysis and Forecast

Further, this research study analyses market size, production, consumption and its advancement trends at global, regional, and country level for period 2016 to 2027 and covers following region in its scope:

• North America
  • S.
  • Canada
• Europe
  • Germany
  • K.
  • Italy
  • France
  • Rest of EU
• Asia Pacific
  • China
  • India
  • Japan
  • Southeast Asia
  • Rest of APAC
• Central & South America
  • Brazil
  • Argentina
  • Rest of Central & South America
• Middle East and Africa
  • UAE
  • Saudi Arabia
  • Rest of MEA