Report Scope & Overview:
Electric Powertrain Market Size was valued at USD 116.68 billion in 2022 and is expected to reach USD 1365 billion by 2030 and grow at a CAGR of 36% over the forecast period 2023-2030.
The powertrain is an important component of the electric vehicles that are still being introduced this year. Because of people's interest in electrically run vehicles, the EV segment will continue to rise in the coming years. People are interested in learning more about electric vehicles and automobiles. This is because electric vehicles and cars allow for more sustainability and alternative fuel consumption. Electricity is the future of the vehicle industry. As a result, the future prospects for this critical component of electric vehicles are highly promising. The drive for decreased reliance on fossil fuels and smaller carbon footprints is driving technological advancements in all vehicles.
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Traditional fuel vehicles are likely to phase out in the coming years, therefore electric vehicles represent the future of the automobile sector. These vehicles are gaining popularity because they offer better environmental benefits and a cheaper total cost of ownership than internal combustion engine automobiles. Several countries have enacted strict rules to encourage the use of alternative fuel vehicles, such as electric vehicles.
MARKET DYNAMICS:
KEY DRIVERS:
Electrical vehicle manufacture and sales are a direct influence on the electric vehicle powertrain market.
Development of electric car manufacturing facilities in several regional markets.
The worldwide electric vehicle market's demand for energy-efficient automobiles is also a consideration.
The electric vehicle powertrain market is strongly linked to the EV segment, and it influences the market as well.
RESTRAINTS:
The lack of standard development processes for the Electric Vehicle Powertrain is a market barrier.
Market growth is expected to be hampered by strict emission regulations and saturation in growing markets.
OPPORTUNITIES:
Simulation technology is being more widely used in powertrain systems.
In developing countries, the economy is improving.
The market is likely to benefit from rising car penetration in emerging countries.
CHALLENGES:
The expansion of the Electric Vehicle Powertrain Market is hampered by a lack of manufacturing infrastructure.
Accessibility and range have been concerns for electric vehicles.
IMPACT OF COVID-19:
Even the electric car powertrain market has been impacted by the COVID 19 pandemic. The industrial industry was severely impacted by the COVID 19 pandemic. This had a negative influence. Indeed, the global shutdown of industrial units had an impact on a variety of industries. The vehicle manufacturing business was heavily impacted. Aside from the staffing constraint and the problems posed by the pandemic, there were also difficulties in assembling the units. Many autos contain parts imported from various nations and built-in one location. The automobile sector suffered a setback since the worldwide market's export and import network was disrupted.
Automobile sales, on the other hand, were impacted by the financial instability caused by the pandemic. All of these variables, compounded by the COVID 19 pandemic, had an impact on the electric vehicle powertrain market last year. As a result, demand and supply for electric vehicle powertrains fell dramatically. However, the year 2021 has reignited interest in the electric car sector. This gives the electric vehicle powertrain market a boost.
BY KEY MARKET PLAYERS:
ZF Friedrichshafen AG (Germany), EPT Co., Inc. (South Korea), Bonfiglioli Riduttori S.P.A (Italy), WEG (Brazil), GKN PLC (UK), NXP Semiconductors (the Netherlands), IET S.p.A. (Italy), Robert Bosch GmbH (Germany), Automation Tooling Systems Inc. (Canada), BorgWarner Inc. (US), AVL List GmbH (Austria), Mitsubishi Electric Corp (Japan), Magna International Inc. (Canada), Continental AG (Germany), and Dana Incorporated (US) are some of the affluent competitors with significant market share in the Electric Powertrain Market.
MARKET ESTIMATION:
Market, By Type:
The global market is divided into BEV, MHEV, Series, Parallel & Parallel-Series based on the type segment. In 2021, the BEV segment held the greatest proportion of the overall market, accounting for 70.2 percent. A battery electric vehicle (BEV) is an automobile that runs solely on electricity. An electric drivetrain driven by rechargeable batteries replaces the internal combustion engine and fuel tank in a BEV.
Market, By Vehicle Type:
According to the vehicle type segment, the global market is divided into passenger vehicles and commercial vehicles. Over the projection period, the passenger car is expected to dominate the market. The electric powertrain industry is growing due to the rising demand for automobiles for everyday transportation and the rapid adoption of electric cars in developing nations.
Market, by Components:
Based on the components segment, the global market has been divided into Motor, 12V, HV/48V Battery, BMS, 48V ISG, Controller, PDM, DC/AC Inverter, DC/DC Converter & Others. During the forecast period, the motor/generator segment is expected to grow at a rate of more than 30%. The global adoption of BEVs and PHEVs is boosting the demand for electric vehicles. In these cars, similar e-motor installations can be mounted.
MARKET SEGMENTATION:
By Type:
BEV Powertrain
MHEV Powertrain
Series Hybrid Powertrain
Parallel Hybrid Powertrain
Series-Parallel Hybrid Powertrain
By Vehicle Type:
Passenger vehicles
Commercial vehicles
By Components:
Motor/Generator
HV Battery
Battery Management System
Controller
12V Battery
On-board Charger
DC/DC Converter
DC/AC Inverter
Power Distribution Module
Regenerative Braking
REGIONAL ANALYSIS:
The Electric Vehicle Powertrain Industry is divided into several global regions. The major companies in the Electric Vehicle Powertrain Market are well-represented in a number of global regional marketplaces. The market share of electric vehicle powertrains by geography is divided into three primary markets: North America, Europe, and the Asia Pacific. The rest of the globe includes all other electric vehicle powertrain market segments. The Asia Pacific region dominated the Electric Vehicle Powertrain Market. The European and North American areas came in second and third, respectively, in terms of electric car powertrain market share. In the coming years, the Asia Pacific region will continue to dominate the electric car powertrain market. During the projection period, the North American region will also expand.
REGIONAL COVERAGE:
North America
The USA
Canada
Mexico
Europe
Germany
The UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
| Report Attributes | Details |
|---|---|
| Market Size in 2022 | US$ 116.68 Billion |
| Market Size by 2030 | US$ 1365 Billion |
| CAGR | CAGR of 36% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • by Type (BEV, MHEV, Series, Parallel & Parallel-Series) • by Vehicle Type (Passenger Vehicles, Commercial vehicles) • by Components (Motor, 12V, HV/48V Battery, BMS, 48V ISG, Controller, PDM, DC/AC Inverter, DC/DC Converter & Others) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | ZF Friedrichshafen AG (Germany), EPT Co., Inc. (South Korea), Bonfiglioli Riduttori S.P.A (Italy), WEG (Brazil), GKN PLC (UK), NXP Semiconductors (the Netherlands), IET S.p.A. (Italy), Robert Bosch GmbH (Germany), Automation Tooling Systems Inc. (Canada), BorgWarner Inc. (US), AVL List GmbH (Austria), Mitsubishi Electric Corp (Japan), Magna International Inc. (Canada), Continental AG (Germany), and Dana Incorporated (US) |
| Key Drivers | •Electrical vehicle manufacture and sales are a direct influence on the electric vehicle powertrain market. •Development of electric car manufacturing facilities in several regional markets. |
| RESTRAINTS | •The lack of standard development processes for the Electric Vehicle Powertrain is a market barrier. •Market growth is expected to be hampered by strict emission regulations and saturation in growing markets. |
The market value is expected to reach USD 1365 billion by 2030.
The major players in the market are ZF Friedrichshafen AG (Germany), EPT Co., Inc. (South Korea), Bonfiglioli Riduttori S.P.A (Italy), WEG (Brazil), GKN PLC (UK), NXP Semiconductors (the Netherlands), IET S.p.A. (Italy), Robert Bosch GmbH (Germany), Automation Tooling Systems Inc. (Canada), BorgWarner Inc. (US), AVL List GmbH (Austria), Mitsubishi Electric Corp (Japan), Magna International Inc. (Canada), and others in the final report.
The forecast period of the Electric Powertrain Market is 2023-2030.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Global Electric Powertrain Market Segmentation, by Type
8.1 BEV Powertrain
8.2 MHEV Powertrain
8.3 Series Hybrid Powertrain
8.4 Parallel Hybrid Powertrain
8.5 Series-Parallel Hybrid Powertrain
9. Global Electric Powertrain Market Segmentation, by Vehicle type
9.1 Passenger vehicles
9.2 Commercial vehicles
10. Global Electric Powertrain Market Segmentation, by Components
10.1 Motor/Generator
10.2 HV Battery
10.3 Battery Management System
10.4 Controller
10.5 12V Battery
10.6 On-board Charger
10.7 DC/DC Converter
10.8 DC/AC Inverter
10.9 Power Distribution Module
10.10 Regenerative Braking
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 the USA
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 the UK
11.3.3 France
11.3.4 Italy
11.3.5 Spain
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4 Asia-Pacific
11.4.1 Japan
11.4.2 South Korea
11.4.3 China
11.4.4 India
11.4.5 Australia
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.1 Israel
11.5.2 UAE
11.5.3 South Africa
11.5.4 Rest
11.6 Latin America
11.6.1 Brazil
11.6.2 Argentina
11.6.3 Rest of Latin America
12. Company Profiles
12.1 Robert Bosch GmbH (Germany),
12.1.1 Financial
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 ZF Friedrichshafen AG (Germany)
12.3 EPT Co., Inc. (South Korea)
12.4 WEG (Brazil)
12.5 Bonfiglioli Riduttori S.P.A (Italy)
12.6 Automation Tooling Systems Inc. (Canada)
12.7 GKN PLC (UK)
12.8 NXP Semiconductors (the Netherlands)
12.9 IET S.p.A. (Italy)
12.10 Robert Bosch GmbH (Germany)
12.11 BorgWarner Inc. (US)
12.12 AVL List GmbH (Austria)
12.13 Mitsubishi Electric Corp (Japan)
12.14 Magna International Inc. (Canada)
12.15 Continental AG (Germany)
12.16 Dana Incorporated (US)
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share analysis
13.3 Recent Developments
14. Conclusion
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