4 1 ledlights.blog

Are e-Axle market valuable?

Reading Time: 2 minutes
spotify badge ledlights.blog

An electric axle or e-axle market is an electro-mechanical propulsion system integrated into an axle structure of battery electric vehicles (BEVs). It is used for delivering power for turning the wheels.

An e-axle is manufactured with lightweight and high-strength metal like aluminum. It includes bearings, shafts, pinions, and gearing components. The power electronics, electric motors, and transmission are assembled in a unified compact system to reduce any complexity of customizing power, torque, and installation space.

An e-axle market is valued to be USD 65.73 billion by 2028. The market registered a CAGR of 34.6% from 2018-2025. The global automotive e-axle market size in 2021 is USD 9.71 billion.

It is also suggested that the rise in the economy of scale will result in e-axle becoming cheaper, more compact, and more efficient. The rise in the e-axle market expansion is due to the major factor driving the e-Axle market is due to rise of electric and hybrid vehicle sales across the region. The increase in fuel cost lets people go for alternative drive solutions.

The rising level of pollution, automobile industry development, and fossil fuel reserves are decreasing, R&D activities increasing the electric & hybrid vehicle improvement, and the deployment of e-axle is an upsurge in ICE vehicles.

The key market players in the e-axle market are AVL list GmbH, Axletech International (Meritor Inc.), Borgwarner Inc., Continental AG, Dana Incorporated, GKN Plc (Melrose Industries), Nidec Corporation, Robert Bosch GmbH, Schaeffler Technologies Ag & Co. KG, Linamar Corporation, Magna International Inc., and ZF Friedrichschafen AG (Zeppeling-Stiftung).

Linamar in collaboration with Exro Technologies for automotive e-axle (using Exro’s Coil driver technology). The partnership is focused on cost optimization integration.

In the current scenarios, OEMs (Original Equipment Manufacturers) are dependent on e-axle solutions for the extra battery capacity, passenger space, and other features.

The European market size for e-axle is USD 3.38 billion in 2020. The factors for the market growth in Europe are:-

  • Increasing Stringency of CO2 emission targets.
  • Decarbonization strategies are implemented such as EU Sustainable and Smart mobility strategy.
  • Action Plan and the EU Green Deal.

The reason for E-axles to grow in the Asia Pacific region is due to charging infrastructure or electrification of the heavy-duty fleets. And in North America is due to the state-level initiatives for EV models in the SUV segments or to revise tax credit programs.

In 2021, 5.5 to 6 million e-axles were manufactured for electric vehicles. Hyundai released a €2 billion order for Vitesco. As per Jochen Schröder, head of the e-mobility division at Schaeffler: “In our more progressive scenario, we expect around 26 million e-axles to be produced worldwide in 2025, and up to 60 million in 2030.” axle market in 2030 with a volume of up to 92 billion euros.

It is stated that more than 90% of the battery-electric vehicles are equipped with e-axles and 7 to 9% of the hybrid vehicles.

The e-axle market value depends on the sales of electric vehicles as well as the cost reduction of the ultimate product. The incentives and tax reduction policies can support the growth of the e-axle market.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.