Global and United States Electric Axle Drive and Wheel Drive Market

Global and United States Electric Axle Drive and Wheel Drive Market Report & Forecast 2023-2029

Global and United States Electric Axle Drive and Wheel Drive Market

Global and United States Electric Axle Drive and Wheel Drive Market Report & Forecast 2023-2029

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The research time span covered by the report is from 2018 to 2029; it provides an overview of the Global Electric Axle Drive and Wheel Drive Market and also provides a deeper in-depth segmentation of the market by regions, product type and downstream industries.

The global Electric Axle Drive and Wheel Drive market size in 2022 is 630.0 million US dollars, and it is expected to be XX million US dollars by 2029, with a compound annual growth rate of 11.80% expected in 2023-2029.

MARKET COMPETITIVE LANDSCAPE:

The main players in the Electric Axle Drive and Wheel Drive market include ZF Friedrichshafen AG (Germany), ZIEHL-ABEGG SE (Germany), Robert Bosch GmbH (Germany), Magna International Inc. (Canada), and GKN Automotive Limited (U.K.). The share of the top 3 players in the Electric Axle Drive and Wheel Drive market is XX%.

REGION SHARE:

The report covers the market size information of North America, Europe, Asia Pacific, Latin America, Middle East and Africa, and North America accounted for XX%, Europe accounted for XX% of Electric Axle Drive and Wheel Drive market, and Asia Pacific accounted for XX%.

SEGMENT OVERVIEW:

The report segments the market by Type and Application. Fully Electric accounted for XX% of Electric Axle Drive and Wheel Drive market in 2022. Hybrid share of XX%.

Passenger Vehicles accounted for XX% of the Electric Axle Drive and Wheel Drive market in 2022. Commercial Vehicles accounts for XX%.

For competitive landscape, prominent players with considerable market shares are comprehensively analyzed in this report. With information regarding the concentration ratio and detailed data reflecting the market performance of each player shared, the readers can acquire a holistic view of the competitive situation and a better understanding of their competitors.

As the COVID-19 takes over the world, we are continuously tracking the changes in the markets. We analyzed the impact of the pandemic in detail, along with other key factors, such as macro-economy, regional conflicts, industry related news and policies. Meanwhile, market investment scenario, technology status and developments, supply chain challenges, among other essential research elements are all covered.

Key Factors Considered:

COVID-19

The report describes the market scenario during and post the pandemic in the vision of upstream, major market participants, downstream major customers, etc. Other aspects, such as changes in consumer behavior, demand, transport capacity, trade flow under COVID-19, have also been taken into consideration during the process of the research.

Regional Conflict / Russia-Ukraine War

The report also presents the impact of regional conflict on this market in an effort to aid the readers to understand how the market has been adversely influenced and how it's going to evolve in the years to come.

Challenges & Opportunities

Factors that may help create opportunities and boost profits for market players, as well as challenges that may restrain or even pose a threat to the development of the players, are revealed in the report, which can shed a light on strategic decisions and implementation.

The storage market is cold, and advanced technologies continue to develop.

With the rising inflation and weak demand in the terminal market, especially the decline in demand for PC and mobile phone terminal products affected by consumer spending, the growth expectation of the consumer storage market is lowered. In addition, the reduction of investment in data centers by technology giants such as Microsoft and Amazon will put downward pressure on the commercial storage market.

Although the consumer storage market will be cold, the market demand for applications such as automobiles is strong. With the substantial increase in sales of new energy vehicles, the amount of storage products required for bicycles will be greatly improved, especially after introducing other intelligent technologies such as ADAS and autonomous driving.

Different from the "uneven heat and cold" in various storage markets, major storage manufacturers have been trying and breaking through in the technical process. For example, in the field of DRAM, Micron's fifth-generation 10nm DRAM product (1β DRAM) has been sent to its partners for verification. Once the product is mature, it will be put into mobile phones, computers, servers, automobiles and other markets one after another.

In the field of NAND Flash, Micron's first 232-layer NAND product in the world has been mass-produced and is being supplied to PC OEM customers around the world; SK Hynix 238-layer 512Gb TLC 4D NAND flash memory is expected to be put into mass production in the first half of 2023. Samsung's plan is even bolder, claiming that it will realize 1,000 layers of V-NAND by 2030.

Regions Covered in This Report Are

North America

United States

Canada

Europe

Germany

France

UK

Italy

Russia

Asia Pacific

China

Japan

South Korea

India

Southeast Asia

Australia

Latin America

Brazil

Argentina

Mexico

MEA

Saudi Arabia

UAE

Turkey

Some of the Top Key Players:

ZF Friedrichshafen AG (Germany)

ZIEHL-ABEGG SE (Germany)

Robert Bosch GmbH (Germany)

Magna International Inc. (Canada)

GKN Automotive Limited (U.K.)

Continental AG (Germany)

Dana Limited (U.S.)

American Axle & Manufacturing, Inc. (U.S.)

Schaeffler AG (Germany)

BorgWarner Inc. (U.S.)

Bonfiglioli Transmissions Private Limited (India)

Product Types Outlook

Fully Electric

Hybrid

Others

Forward wheel drive

Rear wheel drive

All-wheel

Application Outlook

Passenger Vehicles

Commercial Vehicles

Other Vehicles

ICE vehicle

Table of Content

1 Study Coverage

1.1 Electric Axle Drive and Wheel Drive Product Introduction

1.2 Global Electric Axle Drive and Wheel Drive Outlook 2018 VS 2023 VS 2029

1.3 United States Electric Axle Drive and Wheel Drive Outlook 2018 VS 2023 VS 2029

1.4 Electric Axle Drive and Wheel Drive Market Size, United States VS Global, 2018-2029

1.4.1 The Market Share of United States Electric Axle Drive and Wheel Drive in Global, 2018-2029

1.4.2 The Growth Rate of Electric Axle Drive and Wheel Drive Market Size, United States VS Global, 2018 VS 2023 VS 2029

1.5 Electric Axle Drive and Wheel Drive Market Dynamics

1.5.1 Electric Axle Drive and Wheel Drive Market Trends

1.5.2 Electric Axle Drive and Wheel Drive Market Drivers

1.5.3 Electric Axle Drive and Wheel Drive Market Challenges

1.5.4 Electric Axle Drive and Wheel Drive Market Restraints

1.6 Study Objectives

1.7 Years Considered

1.8 Coronavirus Disease (COVID-19) Impact on Global

2 Global Electric Axle Drive and Wheel Drive Competitor Landscape by Company

2.1 Global Electric Axle Drive and Wheel Drive Market Size by Company

2.1.1 Top Global Electric Axle Drive and Wheel Drive Player Ranked by Revenue (2023)

2.1.2 Global Electric Axle Drive and Wheel Drive Revenue by Player (2018-2023)

2.2 Global Electric Axle Drive and Wheel Drive Concentration Ratio (CR)

2.2.1 Electric Axle Drive and Wheel Drive Market Concentration Ratio (CR) (2018-2023)

2.2.2 Global Top 3 and Top 6 Largest Players of Electric Axle Drive and Wheel Drive in 2023

2.3 Global Electric Axle Drive and Wheel Drive Business Distribution, Business Type

2.3.1 Global Electric Axle Drive and Wheel Drive Players, Headquarters and Distribution

2.3.2 Players Electric Axle Drive and Wheel Drive Business Type

2.3.3 Date of International Players Enter into Electric Axle Drive and Wheel Drive Market

2.4 Players Mergers & Acquisitions, Expansion Plans

2.5 United States Electric Axle Drive and Wheel Drive Market Size by Company

2.5.1 Top United States Electric Axle Drive and Wheel Drive Player s Ranked by Revenue (2023)

2.5.2 United States Electric Axle Drive and Wheel Drive Revenue by Player (2018-2023)

3 Electric Axle Drive and Wheel Drive Market Segment by Type

3.1 Electric Axle Drive and Wheel Drive Market Segment by Type

3.2 Global Electric Axle Drive and Wheel Drive Market Size by Type

3.3 United States Electric Axle Drive and Wheel Drive Market Size by Type

4 Electric Axle Drive and Wheel Drive Market Segment by Application

4.1 Electric Axle Drive and Wheel Drive Market Segment by Application

4.2 Global Electric Axle Drive and Wheel Drive Market Size by Application

4.3 United States Electric Axle Drive and Wheel Drive Market Size by Application

5 Global Electric Axle Drive and Wheel Drive Market Size by Region

5.1 Global Electric Axle Drive and Wheel Drive Market Size by Region: 2018 VS 2023 VS 2029

5.2 Global Electric Axle Drive and Wheel Drive Market Size in Value by Region (2018-2029)

5.2.1 Global Electric Axle Drive and Wheel Drive Revenue by Region: 2018-2023

5.2.2 Global Electric Axle Drive and Wheel Drive Revenue by Region: 2023-2029

5.3 Global Electric Axle Drive and Wheel Drive Market Size in Volume by Region (2018-2029)

5.3.1 Global Electric Axle Drive and Wheel Drive Volume by Region: 2018-2023

5.3.2 Global Electric Axle Drive and Wheel Drive Volume by Region: 2023-2029

6 Segment in Regional Level & Country Level

6.1 North America

6.1.1 North America Electric Axle Drive and Wheel Drive Market Size YoY Growth 2018-2029

6.1.2 North America Electric Axle Drive and Wheel Drive Market Facts & Figures by Country (2018-2029)

6.1.3 U.S.

6.1.4 Canada

6.2 Asia Pacific

6.2.1 Asia Pacific Electric Axle Drive and Wheel Drive Market Size YoY Growth 2018-2029

6.2.2 Asia Pacific Electric Axle Drive and Wheel Drive Market Facts & Figures by Country (2018-2029)

6.2.3 China

6.2.4 Japan

6.2.5 South Korea

6.2.6 India

6.2.7 Australia

6.2.8 Southeast Asia

6.3 Europe

6.3.1 Europe Electric Axle Drive and Wheel Drive Market Size YoY Growth 2018-2029

6.3.2 Europe Electric Axle Drive and Wheel Drive Market Facts & Figures by Country (2018-2029)

6.3.3 Germany

6.3.4 France

6.3.5 UK

6.3.6 Italy

6.3.7 Russia

6.4 Latin America

6.4.1 Latin America Electric Axle Drive and Wheel Drive Market Size YoY Growth 2018-2029

6.4.2 Latin America Electric Axle Drive and Wheel Drive Market Facts & Figures by Country (2018-2029)

6.4.3 Mexico

6.4.4 Brazil

6.4.5 Argentina

6.5 Middle East and Africa

6.5.1 Middle East and Africa Electric Axle Drive and Wheel Drive Market Size YoY Growth 2018-2029

6.5.2 Middle East and Africa Electric Axle Drive and Wheel Drive Market Facts & Figures by Country (2018-2029)

6.5.3 Turkey

6.5.4 Saudi Arabia

6.5.5 UAE

7 Company Profiles

7.1 ZF Friedrichshafen AG (Germany)

7.1.1 ZF Friedrichshafen AG (Germany) Company Details

7.1.2 Description and Business Overview

7.1.3 Electric Axle Drive and Wheel Drive Introduction

7.1.4 ZF Friedrichshafen AG (Germany) Electric Axle Drive and Wheel Drive Revenue, Sales, and Gross Margin (2018-2023)

7.1.5 ZF Friedrichshafen AG (Germany) Recent Development

7.2 ZIEHL-ABEGG SE (Germany)

7.2.1 ZIEHL-ABEGG SE (Germany) Company Details

7.2.2 Description and Business Overview

7.2.3 Electric Axle Drive and Wheel Drive Introduction

7.2.4 ZIEHL-ABEGG SE (Germany) Electric Axle Drive and Wheel Drive Revenue, Sales, and Gross Margin (2018-2023)

7.2.5 ZIEHL-ABEGG SE (Germany) Recent Development

7.3 Robert Bosch GmbH (Germany)

7.3.1 Robert Bosch GmbH (Germany) Company Details

7.3.2 Description and Business Overview

7.3.3 Electric Axle Drive and Wheel Drive Introduction

7.3.4 Robert Bosch GmbH (Germany) Electric Axle Drive and Wheel Drive Revenue, Sales, and Gross Margin (2018-2023)

7.3.5 Robert Bosch GmbH (Germany) Recent Development

7.4 Magna International Inc. (Canada)

7.4.1 Magna International Inc. (Canada) Company Details

7.4.2 Description and Business Overview

7.4.3 Electric Axle Drive and Wheel Drive Introduction

7.4.4 Magna International Inc. (Canada) Electric Axle Drive and Wheel Drive Revenue, Sales, and Gross Margin (2018-2023)

7.4.5 Magna International Inc. (Canada) Recent Development

7.5 GKN Automotive Limited (U.K.)

7.5.1 GKN Automotive Limited (U.K.) Company Details

7.5.2 Description and Business Overview

7.5.3 Electric Axle Drive and Wheel Drive Introduction

7.5.4 GKN Automotive Limited (U.K.) Electric Axle Drive and Wheel Drive Revenue, Sales, and Gross Margin (2018-2023)

7.5.5 GKN Automotive Limited (U.K.) Recent Development

7.6 Continental AG (Germany)

7.6.1 Continental AG (Germany) Company Details

7.6.2 Description and Business Overview

7.6.3 Electric Axle Drive and Wheel Drive Introduction

7.6.4 Continental AG (Germany) Electric Axle Drive and Wheel Drive Revenue, Sales, and Gross Margin (2018-2023)

7.6.5 Continental AG (Germany) Recent Development

7.7 Dana Limited (U.S.)

7.7.1 Dana Limited (U.S.) Company Details

7.7.2 Description and Business Overview

7.7.3 Electric Axle Drive and Wheel Drive Introduction

7.7.4 Dana Limited (U.S.) Electric Axle Drive and Wheel Drive Revenue, Sales, and Gross Margin (2018-2023)

7.7.5 Dana Limited (U.S.) Recent Development

7.8 American Axle & Manufacturing, Inc. (U.S.)

7.8.1 American Axle & Manufacturing, Inc. (U.S.) Company Details

7.8.2 Description and Business Overview

7.8.3 Electric Axle Drive and Wheel Drive Introduction

7.8.4 American Axle & Manufacturing, Inc. (U.S.) Electric Axle Drive and Wheel Drive Revenue, Sales, and Gross Margin (2018-2023)

7.8.5 American Axle & Manufacturing, Inc. (U.S.) Recent Development

7.9 Schaeffler AG (Germany)

7.9.1 Schaeffler AG (Germany) Company Details

7.9.2 Description and Business Overview

7.9.3 Electric Axle Drive and Wheel Drive Introduction

7.9.4 Schaeffler AG (Germany) Electric Axle Drive and Wheel Drive Revenue, Sales, and Gross Margin (2018-2023)

7.9.5 Schaeffler AG (Germany) Recent Development

7.10 BorgWarner Inc. (U.S.)

7.10.1 BorgWarner Inc. (U.S.) Company Details

7.10.2 Description and Business Overview

7.10.3 Electric Axle Drive and Wheel Drive Introduction

7.10.4 BorgWarner Inc. (U.S.) Electric Axle Drive and Wheel Drive Revenue, Sales, and Gross Margin (2018-2023)

7.10.5 BorgWarner Inc. (U.S.) Recent Development

7.11 Bonfiglioli Transmissions Private Limited (India)

7.11.1 Bonfiglioli Transmissions Private Limited (India) Company Details

7.11.2 Description and Business Overview

7.11.3 Electric Axle Drive and Wheel Drive Introduction

7.11.4 Bonfiglioli Transmissions Private Limited (India) Electric Axle Drive and Wheel Drive Revenue, Sales, and Gross Margin (2018-2023)

7.11.5 Bonfiglioli Transmissions Private Limited (India) Recent Development

8 Industry Chain and Sales Channels Analysis

8.1 Electric Axle Drive and Wheel Drive Value Chain Analysis

8.2 Electric Axle Drive and Wheel Drive Key Raw Materials

8.2.1 Key Raw Materials

8.2.2 Distributors List

8.3 Electric Axle Drive and Wheel Drive Production Mode & Process

8.4 Electric Axle Drive and Wheel Drive Sales and Marketing

8.4.1 Magnetic Coupled Mixers Sales Channels

8.4.2 Magnetic Coupled Mixers Distributors

8.5 Magnetic Coupled Mixers Customers

9 Research Findings and Conclusion

10 Methodology and Data Source

10.1 A Methodology

10.1.1 Research Process

10.1.2 Market Size Estimation

10.1.3 Market Breakdown and Data Triangulation

10.2 B Data Source

10.2.1 Legal Disclaimer

Tables & Figures:
Show more
Research Methodology:
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Global and United States Electric Axle Drive and Wheel Drive Market Size Estimation

To estimate market size and trends, we use a combination of top-down and bottom-up methods. This allows us to evaluate the market from various perspectives—by company, region, product type, and end users.

Our estimates are based on actual sales data, excluding any discounts. Segment breakdowns and market shares are calculated using weighted averages based on usage rates and average prices. Regional insights are determined by how widely a product or service is adopted in each area.

Key companies are identified through secondary sources like industry reports and company filings. We then verify revenue estimates and other key data points through primary research, including interviews with industry experts, company executives, and decision-makers.

We take into account all relevant factors that could influence the market and validate our findings with real-world input. Our final insights combine both qualitative and quantitative data to provide a well-rounded view. Please note, these estimates do not account for unexpected changes such as inflation, economic downturns, or policy shifts.

Data Source

Secondary Sources

This study draws on a wide range of secondary sources, including press releases, annual reports, non-profit organizations, industry associations, government agencies, and customs data. We also referred to reputable databases and directories such as Bloomberg, Wind Info, Hoovers, Factiva, Trading Economics, Statista, and others. Additional references include investor presentations, company filings (e.g., SEC), economic data, and documents from regulatory and industry bodies.

These sources were used to gather technical and market-focused insights, identify key players, analyze market segmentation and classification, and track major trends and developments across industries.

Market Size
  • Segmental value
  • Geographic Penetration
  • Product Adoption Rate for Different market
  • Journals, Websites, and Press Releases
  • Annual Reports and SEC Filings
  • Company Websites and Press Releases
  • Public and Paid Databases
  • Market Intellix Data Repository
Market Position of Top Company
  • Product Financials
  • Geographic value Mix
  • Total Company value
  • Business/Segmental value Mix
Qualitative Analysis
  • Influence Factors
  • Market Potential
  • Market Risks and Opportunities
  • Industry Trends
  • Geographical Features
  • Government Policies
  • Company Websites and Press Releases
  • Public and Paid Databases
  • Annual Reports
  • Industry Associations
  • Market Intellix Data Repository

Primary Sources

As part of our primary research, we interviewed a variety of stakeholders from both the supply and demand sides to gather valuable qualitative and quantitative insights.

On the supply side, we spoke with product manufacturers, competitors, industry experts, research institutions, distributors, traders, and raw material suppliers. On the demand side, we engaged with business leaders, marketing and sales heads, technology and innovation directors, supply chain executives, and end users across key organizations.

These conversations helped us better understand market segmentation, pricing, applications, leading players, supply chains, demand trends, industry outlook, and key market dynamics—including risks, opportunities, barriers, and strategic developments.

Key Data Information from Primary Sources

Primary Sources Parameters Key Data
Market Segments(by Application, by Type)
  • Value by Type
  • Status and Forecast
  • Value by Application
  • Value by Regions, Status and Forecast (2025-2031)
  • Value Market Share by Type
  • Value Growth Rate by Type
  • Value by Application
  • Percentage and Growth Rate by Application
  • Value Growth Rate and Market Share by Regions
  • Market Size Status and Forecast (2025-2031)
Total Market
  • Overall Size, Status and Forecast
  • Market Size Status and Forecast (2025-2031)
Frequently asked questions(FAQ's):
What trends are influencing the growth of the Global and United States Electric Axle Drive and Wheel Drive Market?
New players are entering the Global and United States Electric Axle Drive and Wheel Drive Market, while established companies are changing their business models and strategies. This pattern is likely to continue for the foreseeable future.
What years are taken into account in the Global and United States Electric Axle Drive and Wheel Drive Market study?
The Global and United States Electric Axle Drive and Wheel Drive Market study evaluates the year spans as follows: Historical year: 2019 to 2024; Base year: 2024; Forecast period**: 2025 to 2030 [** unless otherwise stated]
Is further segmentation possible given the scope of the Global and United States Electric Axle Drive and Wheel Drive Market study?
Yes, the add-on segmentation is available in the premium customised version of the Global and United States Electric Axle Drive and Wheel Drive Market report for a more in-depth analysis. It aids in the calculation of refined and precise market values.
What does the future hold for the Global and United States Electric Axle Drive and Wheel Drive Industry?
This latest research publication on the Global and United States Electric Axle Drive and Wheel Drive Market is an in-depth market tracker that provides a comprehensive assessment of the challenges that manufacturers face in achieving new growth cycles in the current scenario.