The Business Research Company’s Automotive Electric Drivetrain Components Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Automotive Electric Drivetrain Components Global Market Report 2023 evaluates automotive electric drivetrain components market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global automotive electric drivetrain components market is expected to grow from $40.42 billion in 2022 to $51.11 billion in 2023 at a compound annual growth rate (CAGR) of 26.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The automotive electric drivetrain components market is expected to reach $122.58 billion in 2027 at a CAGR of 24.4%.
The increasing adoption of electric vehicles is expected to propel the growth of the automotive electric drivetrain components market going forward. An electric vehicle is any completely electric, zero-emission vehicle with an onboard electrical energy storage system that can be recharged using an external energy source. The electric drivetrain components in an electric car transform electrical energy into mechanical energy to drive the vehicle’s wheels. For instance, in May 2022, according to the International Energy Agency, a Paris-based autonomous intergovernmental organization, sales of electric vehicles doubled in 2021 to set a record of 6.6 million, and the number of electric cars on the world’s roads by the end of 2021 was about 16.5 million. Therefore, the increasing adoption of battery electric vehicles is driving the growth of the automotive electric drivetrain components market.
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The automotive electric drivetrain components market segments in the report are:
1) By Components: Electric Drive Module, DC or DC Converter, Battery Packs, Thermal System, DC or AC Inverter, Power Distribution Module (PDM), Other Components
2) By Vehicle: Battery Electric Vehicle (BEV), Hybrid Electric Vehicle (HEV), Plug-In Hybrid Electric Vehicle (PHEV), Fuel Cell Electric Vehicle (FCEV)
3) By Sales Channel: Original Equipment Manufacturer (OEM), Aftermarket
The table of contents in TBRC’s automotive electric drivetrain components market report includes:
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Top Major Players :
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