What is the present valuation and projected CAGR of the rear electric axle (e-axle) market?
The rear electric axle (E-Axle) market size has grown exponentially in recent years. It will grow from $47.24 $ billion in 2024 to $57.79 $ billion in 2025 at a compound annual growth rate (CAGR) of 22.3%. The growth in the historic period can be attributed to the increasing adoption of electric vehicles, rise in environmental awareness, increasing government incentives for EVs, growth in urbanization, and increasing demand for autonomous vehicles.
The rear electric axle (E-Axle) market size is expected to see exponential growth in the next few years. It will grow to $127.69 $ billion in 2029 at a compound annual growth rate (CAGR) of 21.9%. The growth in the forecast period can be attributed to a growing focus on environmental sustainability, increasing investments in electric vehicle infrastructure, growing demand for energy-efficient transportation solutions, rising demand for cost-effective electric axle solutions, and rising demand for advanced vehicle control systems. Major trends in the forecast period include technological advancements, hybrid vehicles, modular electric axle systems, all-wheel drive systems, and advanced axle control systems.
Get Your Free Sample of The Global Rear Electric Axle (E-Axle) Market Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=19671&type=smp
What key drivers have fueled the rear electric axle (e-axle) market’s development over the years?
The increasing adoption of electric vehicles is expected to propel the growth of the rear electric axle (E-axle) market going forward. Electric vehicles (EVs) are automobiles powered entirely or partially by electric energy stored in batteries rather than by internal combustion engines. The adoption of electric vehicles is driven by environmental concerns, supportive government policies, advancements in battery technology, and growing charging infrastructure. The rear electric axle is used in electric vehicles to integrate the electric motor, gearbox, and rear axle into a single unit, providing efficient propulsion, optimizing space, and enhancing handling and performance. For instance, in March 2023, according to the International Energy Agency, a France-based intergovernmental organization, the first quarter of 2023 saw the sale of almost 2.3 million electric vehicles or 25% more than during the same time the previous year. Therefore, the increasing adoption of electric vehicles drives the growth of the rear electric axle (E-axle) market.
What is the segmentation for the rear electric axle (e-axle) market?
The rear electric axle(E-Axle) market covered in this report is segmented –
1) By Component: Combining Motors, Power Electronics, Transmission, Other Components
2) By Shaft Type: Single Axle, Multiple Axle
3) By Material: Alloys, Carbon Fiber
4) By Drive Type: All Wheel Type, Front Wheel Type, Rear Wheel Type
5) By Vehicle Type: Passenger Vehicle, Commercial Vehicle, Electric Vehicle
Subsegments:
1) By Combining Motors: Synchronous Motors, Asynchronous Motors, Permanent Magnet Motors, Integrated Motor-Drive Units
2) By Power Electronics: Inverters, Controllers, DC-DC Converters, Power Distribution Units
3) By Transmission: Gear Reduction Systems, Differential Units, Single-Speed Transmission, Multi-Speed Transmission
4) By Other Components: Cooling Systems, Housing and Structural Components, Sensors, Software and Control Algorithms
Order your report now for swift delivery
https://www.thebusinessresearchcompany.com/report/rear-electric-axle-e-axle-global-market-report
Who are the most influential companies in the rear electric axle (e-axle) market?
Major companies operating in the rear electric axle (E-Axle) market are Robert Bosch GmbH, Hitachi Automotive Systems Ltd., Daimler Trucks LLC, Volvo Trucks Corporation, ZF Friedrichshafen AG, Continental AG, Magna International Inc., Aisin Seiki Co., Ltd., PACCAR Inc., Cummins Inc., Nidec Corporation, Schaeffler AG, BorgWarner Inc., Dana Incorporated, Benteler International AG, Linamar Corporation, American Axle & Manufacturing Holdings Inc., NTN Corporation, GKN Automotive Ltd., Meritor Inc., AVL List GmbH, Automotive Axles Limited, JTEKT Corporation, AxleTech, Talbros Engineering Limited, J.K. Fenner India Ltd., Brist Axle Systems Srl LLC
What are the top industry trends projected to impact the rear electric axle (e-axle) market?
Major companies operating in the rear electric axle (E-Axle) market are focusing on developing innovative technologies, such as fully electric rear axle, to enhance vehicle performance, efficiency, and range in electric and hybrid vehicles. A fully electric rear axle, also known as an e-axle, is an integrated electric drive system designed to be mounted on the rear axle of a vehicle. This technology is commonly used in electric vehicles (EVs) and hybrid vehicles for propulsion. For instance, in September 2022, Volvo Trucks, a Sweden-based manufacturer of heavy-duty trucks, launched a new fully electric rear axle to extend the battery range. This innovative axle is engineered to provide an extended range, making it ideal for long-haul operations. Its advanced electric motor delivers high torque and smooth acceleration, ensuring a responsive driving experience while reducing energy consumption. The axle also integrates seamlessly with Volvo’s existing electric vehicle platform, offering enhanced energy regeneration capabilities that help maximize battery life.
What are the major regional insights for the rear electric axle (e-axle) market, and which region holds the top position?
Asia-Pacific was the largest region in the rear electric axle (E-axle) market in 2024. The regions covered in the rear electric axle (E-Axle) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Rear Electric Axle (E-Axle) Market Report 2025 Offer?
The rear electric axle (e-axle) market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
The rear electric axle (E-Axle) is a component used in electric and hybrid vehicles that integrates an electric motor directly into the rear axle assembly. It is used to deliver power to the rear wheels of electric and hybrid vehicles, enhancing performance, efficiency, and driving dynamics by providing electric propulsion with a compact and efficient design.
Purchase the exclusive report now to unlock valuable market insights:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=19671
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Our flagship product, the Global Market Model, is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
