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Electric Powertrain Market
Electric Powertrain Market Size, Share, Forecast, & Trends Analysis by Propulsion Type (BEV, HEV, FCEV), Component (Motor/Generator, Battery Packs, Converters, On-board Chargers, Others), Vehicle Type (Passenger Vehicles, Commercial Vehicles, Others) & Geography - Global Forecast to 2031
Report ID:MRAUTO - 1041167 Pages: 250 May-2024 Formats*: PDF Category: Automotive and Transportation Delivery: 24 to 72 HoursElectric Powertrain Market Size & Forecast
The Electric Powertrain Market is expected to reach $288.9 billion by 2031, at a CAGR of 14.7% from 2024 to 2031. The growth of the electric powertrain market is driven by increasing demand for electric vehicles, stringent carbon emission norms, increasing government focus on public transport electrification, and increasing demand for high-performance motors. However, the high purchase costs of electric vehicles are a factor restraining the growth of this market.
Furthermore, the rising demand for electric vehicles in developing economies and innovations in battery technology are expected to generate growth opportunities for the stakeholders in this market. However, a lack of charging infrastructure and motor failure due to overheating, leading to reliability concerns, are major challenges impacting market growth. Additionally, the emergence of fuel cell electric vehicles and R&D in rare earth material-free motors are prominent trends in the electric powertrain market.
Electric Powertrain Market Growth Drivers
Increasing Demand for Electric Vehicles Boosting Market Growth
The global automotive industry is gradually transitioning from fossil fuel-based vehicles to electric vehicles. Changing consumer preferences and lifestyle trends are driving demand for electric vehicles. In addition, the development of EVs, increased adoption of electric buses in public transportation, and the focus of countries on the development of charging infrastructure are also surging demand for electric vehicles. For instance, in January 2024, Volvo Group (Sweden) launched its first truck model ever developed with an electric drive. The electric powertrain is a crucial component of an EV because it is used to power electric vehicles. Hence, technological advancements and increasing investments in EV development by automotive OEMs, coupled with innovation in battery technology, are driving the growth of this market.
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Increasing Government Focus on Public Transport Electrification is Driving the Demand for Electric Powertrain Market
Government policies have a significant influence on the adoption of Electric Vehicles (EVs), including electric buses. Electric buses have already penetrated public transport across key cities around the world, supported by national and local policies to curb air pollution. In addition, several countries are promoting the electrification of commercial vehicles for cleaner transport. For instance, in February 2024, the state-run Thailand Board of Investment announced tax incentives for the introduction of electric trucks and buses in company fleets. Also, in 2021, the Maharashtra Electric Vehicle Policy was approved to promote Battery Electric Vehicles (BEVs) in the State of Maharashtra, India. The policy targets six urban agglomerations, i.e., Mumbai, Pune, Nagpur, Nashik, Aurangabad, and Amravati in the state of Maharashtra, to achieve 25% electrification of public transport by 2025. Hence, such a focus of governments on the electrification of public transport is expected to support the growth of the market.
Electric Powertrain Market Trends
Emergence of Fuel Cell Electric Vehicles
Several countries are in the race toward a greener future. The global transport sector is also undergoing a significant transformation. Zero-emission vehicles, both battery-electric and fuel-cell electric vehicles, are quickly becoming prominent across major auto markets. Unlike electric vehicles, which require several hours to recharge, fuel cell electric vehicles can be refueled in as little as 10 minutes, mirroring the convenience of traditional ICE vehicles but without the environmental harm. Furthermore, the scalability of hydrogen fueling infrastructures and the potential for green hydrogen production make fuel cell electric vehicles not just a transitional technology but a long-term sustainable solution. Several countries have already started the adoption of fuel cell electric vehicles, including fuel cell electric buses. Such growing adoption and potential of fuel cell electric vehicles will drive the production of electric powertrain components required for fuel cell electric vehicles.
R&D in Rare Earth Material-free Motors
The automotive manufacturers are strongly focusing on developing more electric cars and trucks, while several companies are in the race to build the ideal green motor. Currently, the electric vehicle motor is produced using rare earth materials for its powerful, reliable, and lightweight properties. However, mining and processing of rare earth materials comes at an environmental cost, and China holds a near-monopoly stake in them. Due to these reasons, companies such as Niron Magnetics (U.S.) and Advanced Electric Machines Ltd (U.K.) are focusing on the development and production of rare earth material-free EV motors. Several automotive manufacturers, suppliers, governments, and investors are investing in such companies to eliminate rare earth material use and reduce reliance on geographically concentrated supply chains.
Electric Powertrain Market Opportunity
Innovations in Battery Technology are Expected to Generate Growth Opportunities for Market Players
New EV battery innovations are on the horizon, promising to improve performance, drive down costs, and reduce environmental impact. Several companies are focusing on battery innovations to improve EV performance, drive down costs, and eliminate dependence on scarce materials. Some of them are focusing on incremental improvements over current lithium-ion batteries, and others are taking an entirely new approach, such as the development of solid-state batteries and sodium-ion batteries. The aim of battery improvements is to reduce the cost of EVs while delivering faster charging and relieving range anxiety, which will increase the adoption of electric vehicles. Hence, the increased focus of several companies on bringing innovation in battery technology is expected to generate growth opportunities for market players.
Electric Powertrain Market Analysis: Key Findings
By Propulsion Type: In 2024, the Battery Electric Vehicles Segment to Dominate the Electric Powertrain Market
Based on propulsion type, the global electric powertrain market is segmented into battery electric vehicles, hybrid electric vehicles, and fuel cell electric vehicles. In 2024, the battery electric vehicles segment is expected to account for the largest share of above 72.0% of the global electric powertrain market. The segment’s large market share is mainly attributed to growing awareness regarding the role of electric vehicles in reducing emissions, increasing government policies aimed at promoting electric mobility, the growing focus of manufacturers on the development of zero-emission vehicles, and stringent government rules and regulations towards vehicle emissions. The electric powertrain is a vital component of battery electric vehicles which powers the vehicles. An increase in demand for electric vehicles is expected to drive the growth of the electric powertrain market.
However, the fuel cell electric vehicles segment is expected to record the highest CAGR during the forecast period. The growth of this segment is mainly driven by the increasing focus of electric vehicle manufacturers on manufacturing fuel cell electric commercial vehicles and the rising deployment of fuel cell electric buses for public transportation. For instance , in June 2021, Tata Motors won a tender from IOCL to provide 15 FCEV buses to evaluate the potential of hydrogen-based PEM fuel-cell technology in India. The delivery of these buses heralded a new era in inter-city mass public transport and marked a step forward toward fulfilling the aspiration for sustainable mobility.
By Component: In 2024, the Battery Packs Segment to Dominate the Electric Powertrain Market
Based on component, the global electric powertrain market is segmented into motor/generator, battery packs, power electronics controllers (PCUs), converters, battery management systems, on-board chargers, fuel cell stack, fuel processor, and other components. In 2024, the battery packs segment is expected to account for the largest share of above 60.0% of the global electric powertrain market. The segment’s large share is mainly attributed to the growing focus of companies on the development of compact-sized electric battery packs, growing government support for the manufacturing of electric vehicle batteries, improvement in battery technology for powering electric vehicles, and the growing focus of companies on recycling electric vehicle batteries.
In addition, the increasing focus of EV players on the production of electric vehicle batteries is also contributing to the segment's large market share. For instance , in April 2024, Hyundai Motor Co (South Korea) and Kia Corp (South Korea) signed a memorandum of understanding with India's Exide Energy Solutions Ltd to supply batteries for their electric vehicles in a bid to boost competitiveness in the auto market. Under this partnership with Exide Energy, a unit of Exide Industries Ltd aims to localize their EV battery production in India, specifically focusing on lithium-iron-phosphate (LFP) cells.
However, the power electronics controllers (PCUs) segment is expected to record the highest CAGR during the forecast period. The growth of this segment is mainly driven by the need for cost-effective and efficient power electronics solutions, the role of PCUs in enabling the transition to electric mobility and the ability of power electronics controllers to efficiently control and convert electricity. In addition, advancements in semiconductor materials, like Silicon Carbide (SiC) and Gallium Nitride (GaN), led to the development of power electronics components with higher efficiencies, smaller sizes, and better thermal properties.
By Vehicle Type: In 2024, the Passenger Vehicles Segment to Dominate the Electric Powertrain Market
Based on vehicle type, the global electric powertrain market is segmented into passenger vehicles, electric two-wheelers, e-scooters & e-bikes, and commercial vehicles. In 2024, the passenger vehicles segment is expected to account for the largest share of above 63.0% of the global electric powertrain market. The segment’s large share is mainly attributed to factors such as the increasing focus of automotive manufacturers on catering to the needs of consumers’ evolving preferences, leveraging technological advancements to create a sustainable and competitive automotive landscape, need to align production with regulatory changes and focus on increasing driving range. For instance, HYUNDAI TRANSYS Co., Ltd. (South Korea) produces a wide range of eco-friendly EV driving systems.
Moreover, the commercial vehicles segment is expected to record the highest CAGR of 16.5% during the forecast period. The commercial vehicles segment is further segmented into light commercial vehicles, medium commercial vehicles, and heavy commercial vehicles. The growth of this segment is mainly driven by the growing demand for electric commercial vehicles, such as electric buses in public transport, and the growing focus of automotive players on the electrification of commercial vehicles.
Geographical Analysis
In 2024, Asia-Pacific Region to Dominate the Electric Powertrain Market
In 2024, Asia-Pacific is expected to account for the largest share of above 55.0% of the global electric powertrain market. The large market share of this segment is attributed to the dominance of China in the electric vehicles market, growing subsidies for EV manufacturers for production, and the growing focus of companies on expanding EV production in the region. For instance, in November 2023, Mahindra & Mahindra Limited (India) selected Valeo (France) to provide electric powertrains for their “Born Electric” passenger vehicle platform. This strategic collaboration also includes on-board charger combos for Mahindra’s electric utility vehicles.
However, the Europe region is projected to register the highest CAGR of 16.0% during the forecast period. This region's growth is attributed to increasing investments by leading automotive OEMs in the research and development of electric vehicle technology, the development of stringent greenhouse gas emissions regulations and policy frameworks, the presence of several EV manufacturers, and rising EV production in the region due to the growing demand for electric vehicles.
Electric Powertrain Market: Key Companies
The report offers a competitive analysis based on an extensive assessment of the leading players’ product portfolios, geographic presence, and key growth strategies adopted in the last 3–4 years. Some of the key players operating in the electric powertrain market are Robert Bosch GmbH (Germany), Magna International Inc. (Canada), Mitsubishi Electric Mobility Corporation (Japan), Valeo (France), DENSO CORPORATION (Japan), Hitachi Astemo, Ltd. (Japan), ZF Friedrichshafen AG (Germany), Volkswagen AG (Germany), BorgWarner Inc. (U.S.), Schaeffler AG (Germany), NIDEC CORPORATION (Japan), Marelli Holdings Co., Ltd. (Japan), Continental AG (Germany), Cummins Inc. (U.S.), and Dana Incorporated (U.S.).
Electric Powertrain Industry Overview: Latest Developments from Key Industry Players
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In July 2023, Semiconductor Components Industries, LLC (onsemi) (U.S.) entered into an agreement with Magna International Inc. (Canada) for Magna to integrate onsemi’s EliteSiC intelligent power solutions into its eDrive systems. By integrating onsemi’s industry-leading EliteSiC MOSFET technology, Magna eDrive systems can offer better cooling performance and faster acceleration and charging rates, improving efficiency and increasing the range of electric vehicles (EVs).
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In March 2023, DENSO CORPORATION (Japan) developed an inverter with silicon carbide (SiC) power semiconductors. This inverter is incorporated in the eAxle, an electric driving module developed by BluE Nexus Corporation that will be used in the new Lexus RZ.
- In May 2021, Marelli Holdings Co., Ltd. (Japan) entered into an agreement with Punch Powertrain nv (Belgium) to form a joint venture focused on e-axle solutions. Both companies combine their extensive expertise in electric powertrains to offer integrated systems for electric vehicles.
Electric Powertrain Market Research Summary
|
Particulars |
Details |
|
Number of Pages |
250 |
|
Format |
|
|
Forecast Period |
2024–2031 |
|
Base Year |
2023 |
|
CAGR (Value) |
14.7% |
|
Market Size (Value) |
USD 288.9 Billion by 2031 |
|
Segments Covered |
By Propulsion Type
By Component
By Vehicle Type
|
|
Countries Covered |
Europe (U.K., Germany, France, Italy, Spain, Sweden, Switzerland, Netherlands, Norway, Austria, Denmark, Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Singapore, Australia, Malaysia, Rest of Asia-Pacific), North America (U.S., Canada), Latin America (Brazil, Mexico, Rest of Latin America), and the Middle East & Africa (Israel, UAE, Rest of Middle East & Africa) |
|
Key Companies |
Robert Bosch GmbH (Germany), Magna International Inc. (Canada), Mitsubishi Electric Mobility Corporation (Japan), Valeo (France), DENSO CORPORATION (Japan), Hitachi Astemo, Ltd. (Japan), ZF Friedrichshafen AG (Germany), Volkswagen AG (Germany), BorgWarner Inc. (U.S.), Schaeffler AG (Germany), NIDEC CORPORATION (Japan), Marelli Holdings Co., Ltd. (Japan), Continental AG (Germany), Cummins Inc. (U.S.), and Dana Incorporated (U.S.). |
Key questions answered in the electric powertrain market report:
The electric powertrain market study focuses on market assessment and opportunity analysis through the sales of electric powertrains across different regions and countries. This study is also focused on competitive analysis for electric powertrains based on an extensive assessment of the leading players’ product portfolios, geographic presence, and key growth strategies.
The Electric Powertrain Market is expected to reach $288.9 billion by 2031, at a CAGR of 14.7% from 2024 to 2031.
In 2024, the battery electric vehicles segment is expected to hold the largest share of the electric powertrain market.
The Power Electronics Controllers (PCUs) segment is expected to register the highest CAGR during the forecast period.
The growth of the electric powertrain market is driven by increasing demand for electric vehicles, stringent carbon emission norms, increasing government focus on public transport electrification, and increasing demand for high-performance motors. Furthermore, the rising demand for electric vehicles in developing economies and innovations in battery technology are expected to generate growth opportunities for the stakeholders in this market.
Key players operating in the electric powertrain market are Robert Bosch GmbH (Germany), Magna International Inc. (Canada), Mitsubishi Electric Mobility Corporation (Japan), Valeo (France), DENSO CORPORATION (Japan), Hitachi Astemo, Ltd. (Japan), ZF Friedrichshafen AG (Germany), Volkswagen AG (Germany), BorgWarner Inc. (U.S.), Schaeffler AG (Germany), NIDEC CORPORATION (Japan), Marelli Holdings Co., Ltd. (Japan), Continental AG (Germany), Cummins Inc. (U.S.), and Dana Incorporated (U.S.).
Europe is expected to record a higher CAGR during the forecast period.
1. Introduction
1.1. Market Definition & Scope
1.2. Currency & Limitations
1.2.1. Currency
1.2.2. Limitations
2. Research Methodology
2.1. Research Approach
2.2. Process of Data Collection and Validation
2.2.1. Secondary Research
2.2.2. Primary Research/Interviews with Key Opinion Leaders of the Industry
2.3. Market Sizing and Forecast
2.3.1. Market Size Estimation Approach
2.3.2. Growth Forecast
2.4. Assumptions for the Study
3. Executive Summary
3.1. Market Overview
3.2. Market Analysis, by Propulsion Type
3.3. Market Analysis, by Component
3.4. Market Analysis, by Vehicle Type
3.5. Market Analysis, by Geography
3.6. Competition Analysis
4. Market Insights
4.1. Overview
4.2. Factors Affecting Market Growth
4.2.1. Drivers
4.2.1.1. Increasing Demand for Electric Vehicles
4.2.1.2. Stringent Carbon Emission Norms
4.2.1.3. Increasing Government Focus on Public Transport Electrification
4.2.1.4. Increasing Demand for High-Performance Motors
4.2.2. Restraints
4.2.2.1. High Purchasing Costs of Electric Vehicles
4.2.3. Opportunities
4.2.3.1. Rising Demand for Electric Vehicles in Developing Economies
4.2.3.2. Innovations in Battery Technology
4.2.4. Challenges
4.2.4.1. Lack of Charging Infrastructure
4.2.4.2. Motor Failure Due to Overheating Leading to Reliability Concerns
4.3. Trends
4.3.1. Emergence of Fuel Cell Electric Vehicles
4.3.2. R&D in Rare Earth Material-free Motors
4.4. Porter's Five Forces Analysis
4.4.1. Bargaining Power of Buyers
4.4.2. Bargaining Power of Suppliers
4.4.3. Threat of Substitutes
4.4.4. Threat of New Entrants
4.4.5. Degree of Competition
4.5. Case Studies
4.6. Vendor Selection Criteria/Factors Influencing Buying Decisions
4.7. Value Chain Analysis
5. Electric Powertrain Market Assessment—by Propulsion Type
5.1. Overview
5.2. Battery Electric Vehicles
5.3. Hybrid Electric Vehicles
5.4. Fuel Cell Electric Vehicles
6. Electric Powertrain Market Assessment—by Component
6.1. Overview
6.2. Motor/Generator
6.3. Battery Packs
6.4. Power Electronics Controllers (PCUs)
6.5. Converters
6.6. Battery Management Systems
6.7. On-board Chargers
6.8. Fuel Cell Stack
6.9. Fuel Processor
6.10. Other Components
7. Electric Powertrain Market Assessment—by Vehicle Type
7.1. Overview
7.2. Passenger Vehicles
7.3. Two-Wheelers
7.4. E-Scooters & E-Bikes
7.5. Commercial Vehicles
7.5.1. Light Commercial Vehicles
7.5.2. Medium Commercial Vehicles
7.5.3. Heavy Commercial Vehicles
8. Electric Powertrain Market Assessment—by Geography
8.1. Overview
8.2. Europe
8.2.1. U.K.
8.2.2. Germany
8.2.3. France
8.2.4. Italy
8.2.5. Spain
8.2.6. Sweden
8.2.7. Switzerland
8.2.8. Netherlands
8.2.9. Norway
8.2.10. Austria
8.2.11. Denmark
8.2.12. Rest of Europe
8.3. Asia Pacific
8.3.1. China
8.3.2. Japan
8.3.3. India
8.3.4. South Korea
8.3.5. Singapore
8.3.6. Australia
8.3.7. Malaysia
8.3.8. Rest of Asia Pacific
8.4. North America
8.4.1. U.S.
8.4.2. Canada
8.5. Latin America
8.5.1. Brazil
8.5.2. Mexico
8.5.3. Rest of Latin America
8.6. Middle East & Africa
8.6.1. Israel
8.6.2. UAE
8.6.3. Rest of Middle East & Africa
9. Competition Analysis
9.1. Overview
9.2. Key Growth Strategies
9.3. Competitive Benchmarking
9.4. Competitive Dashboard
9.4.1. Industry Leaders
9.4.2. Market differentiators
9.4.3. Vanguards
9.4.4. Emerging Companies
9.5. Market Ranking by Key Players
10. Company Profiles (Company Overview, Financial Overview, Product Portfolio, Strategic Developments)
10.1. Robert Bosch GmbH
10.2. Magna International Inc.
10.3. Mitsubishi Electric Mobility Corporation
10.4. Valeo
10.5. DENSO CORPORATION
10.6. Hitachi Astemo, Ltd.
10.7. ZF Friedrichshafen AG
10.8. Volkswagen AG
10.9. BorgWarner Inc.
10.10. Schaeffler AG
10.11. NIDEC CORPORATION
10.12. Marelli Holdings Co., Ltd.
10.13. Continental AG
10.14. Cummins Inc.
10.15. Dana Incorporated
(Note: SWOT analysis of the top 5 companies will be provided.)
11. Appendix
11.1. Available Customizations
11.2. Related Reports
List of Tables
Table 1 Currency Conversion Rate (2019–2023)
Table 2 Global Electric Powertrain Market, by Country/Region, 2022–2031 (USD Million)
Table 3 Global Electric Powertrain Market, by Propulsion Type, 2022–2031 (USD Million)
Table 4 Global Electric Powertrain Market for Battery Electric Vehicles, by Country/Region, 2022–2031 (USD Million)
Table 5 Global Electric Powertrain Market for Hybrid Electric Vehicles, by Country/Region, 2022–2031 (USD Million)
Table 6 Global Electric Powertrain Market for Fuel Cell Electric Vehicles, by Country/Region, 2022–2031 (USD Million)
Table 7 Global Electric Powertrain Market, by Component, 2022–2031 (USD Million)
Table 8 Global Electric Powertrain Market for Motor/Generator, by Country/Region, 2022–2031 (USD Million)
Table 9 Global Electric Powertrain Market for Battery Packs, by Country/Region, 2022–2031 (USD Million)
Table 10 Global Electric Powertrain Market for Power Electronics Controllers (PCUs), by Country/Region, 2022–2031 (USD Million)
Table 11 Global Electric Powertrain Market for Converters, by Country/Region, 2022–2031 (USD Million)
Table 12 Global Electric Powertrain Market for Battery Management Systems, by Country/Region, 2022–2031 (USD Million)
Table 13 Global Electric Powertrain Market for On-board Chargers, by Country/Region, 2022–2031 (USD Million)
Table 14 Global Electric Powertrain Market for Fuel Cell Stack, by Type, 2022–2031 (USD Million)
Table 15 Global Electric Powertrain Market for Fuel Processor, by Country/Region, 2022–2031 (USD Million)
Table 16 Global Electric Powertrain Market for Other Components, by Country/Region, 2022–2031 (USD Million)
Table 17 Global Electric Powertrain Market, by Vehicle Type, 2022–2031 (USD Million)
Table 18 Global Electric Powertrain Market for Passenger Vehicles, by Country/Region, 2022–2031 (USD Million)
Table 19 Global Electric Powertrain Market for Two-Wheelers, by Country/Region, 2022–2031 (USD Million)
Table 20 Global Electric Powertrain Market for E-Scooters & E-Bikes, by Country/Region, 2022–2031 (USD Million)
Table 21 Global Electric Powertrain Market for Commercial Vehicles, by Country/Region, 2022–2031 (USD Million)
Table 22 Global Electric Powertrain Market for Commercial Vehicles, by Type, 2022–2031 (USD Million)
Table 23 Global Electric Powertrain Market for Light Commercial Vehicles, by Country/Region, 2022–2031 (USD Million)
Table 24 Global Electric Powertrain Market for Medium Commercial Vehicles, by Country/Region, 2022–2031 (USD Million)
Table 25 Global Electric Powertrain Market for Heavy Commercial Vehicles, by Country/Region, 2022–2031 (USD Million)
Table 26 Electric Powertrain Market, by Country/Region, 2022–2031 (USD Million)
Table 27 Europe: Electric Powertrain Market, by Country/Region, 2022–2031 (USD Million)
Table 28 Europe: Electric Powertrain Market, by Propulsion Type, 2022–2031 (USD Million)
Table 29 Europe: Electric Powertrain Market, by Component, 2022–2031 (USD Million)
Table 30 Europe: Electric Powertrain Market, by Vehicle Type, 2022–2031 (USD Million)
Table 31 Europe: Electric Powertrain Market for Commercial Vehicles, by Type, 2022–2031 (USD Million)
Table 32 U.K.: Electric Powertrain Market, by Propulsion Type, 2022–2031 (USD Million)
Table 33 U.K.: Electric Powertrain Market, by Component, 2022–2031 (USD Million)
Table 34 U.K.: Electric Powertrain Market, by Vehicle Type, 2022–2031 (USD Million)
Table 35 U.K.:Electric Powertrain Market for Commercial Vehicles, by Type, 2022–2031 (USD Million)
Table 36 Germany: Electric Powertrain Market, by Propulsion Type, 2022–2031 (USD Million)
Table 37 Germany: Electric Powertrain Market, by Component, 2022–2031 (USD Million)
Table 38 Germany: Electric Powertrain Market, by Vehicle Type, 2022–2031 (USD Million)
Table 39 Germany: Electric Powertrain Market for Commercial Vehicles, by Type, 2022–2031 (USD Million)
Table 40 France: Electric Powertrain Market, by Propulsion Type, 2022–2031 (USD Million)
Table 41 France: Electric Powertrain Market, by Component, 2022–2031 (USD Million)
Table 42 France: Electric Powertrain Market, by Vehicle Type, 2022–2031 (USD Million)
Table 43 France: Electric Powertrain Market for Commercial Vehicles, by Type, 2022–2031 (USD Million)
Table 44 Italy: Electric Powertrain Market, by Propulsion Type, 2022–2031 (USD Million)
Table 45 Italy: Electric Powertrain Market, by Component, 2022–2031 (USD Million)
Table 46 Italy: Electric Powertrain Market, by Vehicle Type, 2022–2031 (USD Million)
Table 47 Italy: Electric Powertrain Market for Commercial Vehicles, by Type, 2022–2031 (USD Million)
Table 48 Spain: Electric Powertrain Market, by Propulsion Type, 2022–2031 (USD Million)
Table 49 Spain: Electric Powertrain Market, by Component, 2022–2031 (USD Million)
Table 50 Spain: Electric Powertrain Market, by Vehicle Type, 2022–2031 (USD Million)
Table 51 Spain: Electric Powertrain Market for Commercial Vehicles, by Type, 2022–2031 (USD Million)
Table 52 Sweden: Electric Powertrain Market, by Propulsion Type, 2022–2031 (USD Million)
Table 53 Sweden: Electric Powertrain Market, by Component, 2022–2031 (USD Million)
Table 54 Sweden: Electric Powertrain Market, by Vehicle Type, 2022–2031 (USD Million)
Table 55 Sweden: Electric Powertrain Market for Commercial Vehicles, by Type, 2022–2031 (USD Million)
Table 56 Switzerland: Electric Powertrain Market, by Propulsion Type, 2022–2031 (USD Million)
Table 57 Switzerland: Electric Powertrain Market, by Component, 2022–2031 (USD Million)
Table 58 Switzerland: Electric Powertrain Market, by Vehicle Type, 2022–2031 (USD Million)
Table 59 Switzerland: Electric Powertrain Market for Commercial Vehicles, by Type, 2022–2031 (USD Million)
Table 60 Netherlands: Electric Powertrain Market, by Propulsion Type, 2022–2031 (USD Million)
Table 61 Netherlands: Electric Powertrain Market, by Component, 2022–2031 (USD Million)
Table 62 Netherlands: Electric Powertrain Market, by Vehicle Type, 2022–2031 (USD Million)
Table 63 Netherlands: Electric Powertrain Market for Commercial Vehicles, by Type, 2022–2031 (USD Million)
Table 64 Norway: Electric Powertrain Market, by Propulsion Type, 2022–2031 (USD Million)
Table 65 Norway: Electric Powertrain Market, by Component, 2022–2031 (USD Million)
Table 66 Norway: Electric Powertrain Market, by Vehicle Type, 2022–2031 (USD Million)
Table 67 Norway: Electric Powertrain Market for Commercial Vehicles, by Type, 2022–2031 (USD Million)
Table 68 Austria: Electric Powertrain Market, by Propulsion Type, 2022–2031 (USD Million)
Table 69 Austria: Electric Powertrain Market, by Component, 2022–2031 (USD Million)
Table 70 Austria: Electric Powertrain Market, by Vehicle Type, 2022–2031 (USD Million)
Table 71 Austria: Electric Powertrain Market for Commercial Vehicles, by Type, 2022–2031 (USD Million)
Table 72 Denmark: Electric Powertrain Market, by Propulsion Type, 2022–2031 (USD Million)
Table 73 Denmark: Electric Powertrain Market, by Component, 2022–2031 (USD Million)
Table 74 Denmark: Electric Powertrain Market, by Vehicle Type, 2022–2031 (USD Million)
Table 75 Denmark: Electric Powertrain Market for Commercial Vehicles, by Type, 2022–2031 (USD Million)
Table 76 Rest of Europe: Electric Powertrain Market, by Propulsion Type, 2022–2031 (USD Million)
Table 77 Rest of Europe: Electric Powertrain Market, by Component, 2022–2031 (USD Million)
Table 78 Rest of Europe: Electric Powertrain Market, by Vehicle Type, 2022–2031 (USD Million)
Table 79 Rest of Europe: Electric Powertrain Market for Commercial Vehicles, by Type, 2022–2031 (USD Million)
Table 80 Asia-Pacific: Electric Powertrain Market, by Country/Region, 2022–2031 (USD Million)
Table 81 Asia-Pacific: Electric Powertrain Market, by Propulsion Type, 2022–2031 (USD Million)
Table 82 Asia-Pacific: Electric Powertrain Market, by Component, 2022–2031 (USD Million)
Table 83 Asia-Pacific: Electric Powertrain Market, by Vehicle Type, 2022–2031 (USD Million)
Table 84 Asia-Pacific: Electric Powertrain Market for Commercial Vehicles, by Type, 2022–2031 (USD Million)
Table 85 China: Electric Powertrain Market, by Propulsion Type, 2022–2031 (USD Million)
Table 86 China: Electric Powertrain Market, by Component, 2022–2031 (USD Million)
Table 87 China: Electric Powertrain Market, by Vehicle Type, 2022–2031 (USD Million)
Table 88 China: Electric Powertrain Market for Commercial Vehicles, by Type, 2022–2031 (USD Million)
Table 89 Japan: Electric Powertrain Market, by Propulsion Type, 2022–2031 (USD Million)
Table 90 Japan: Electric Powertrain Market, by Component, 2022–2031 (USD Million)
Table 91 Japan: Electric Powertrain Market, by Vehicle Type, 2022–2031 (USD Million)
Table 92 Japan: Electric Powertrain Market for Commercial Vehicles, by Type, 2022–2031 (USD Million)
Table 93 India: Electric Powertrain Market, by Propulsion Type, 2022–2031 (USD Million)
Table 94 India: Electric Powertrain Market, by Component, 2022–2031 (USD Million)
Table 95 India: Electric Powertrain Market, by Vehicle Type, 2022–2031 (USD Million)
Table 96 India: Electric Powertrain Market for Commercial Vehicles, by Type, 2022–2031 (USD Million)
Table 97 South Korea: Electric Powertrain Market, by Propulsion Type, 2022–2031 (USD Million)
Table 98 South Korea: Electric Powertrain Market, by Component, 2022–2031 (USD Million)
Table 99 South Korea: Electric Powertrain Market, by Vehicle Type, 2022–2031 (USD Million)
Table 100 South Korea: Electric Powertrain Market for Commercial Vehicles, by Type, 2022–2031 (USD Million)
Table 101 Singapore: Electric Powertrain Market, by Propulsion Type, 2022–2031 (USD Million)
Table 102 Singapore: Electric Powertrain Market, by Component, 2022–2031 (USD Million)
Table 103 Singapore: Electric Powertrain Market, by Vehicle Type, 2022–2031 (USD Million)
Table 104 Singapore: Electric Powertrain Market for Commercial Vehicles, by Type, 2022–2031 (USD Million)
Table 105 Australia: Electric Powertrain Market, by Propulsion Type, 2022–2031 (USD Million)
Table 106 Australia: Electric Powertrain Market, by Component, 2022–2031 (USD Million)
Table 107 Australia: Electric Powertrain Market, by Vehicle Type, 2022–2031 (USD Million)
Table 108 Australia: Electric Powertrain Market for Commercial Vehicles, by Type, 2022–2031 (USD Million)
Table 109 Malaysia: Electric Powertrain Market, by Propulsion Type, 2022–2031 (USD Million)
Table 110 Malaysia: Electric Powertrain Market, by Component, 2022–2031 (USD Million)
Table 111 Malaysia: Electric Powertrain Market, by Vehicle Type, 2022–2031 (USD Million)
Table 112 Malaysia: Electric Powertrain Market for Commercial Vehicles, by Type, 2022–2031 (USD Million)
Table 113 Rest of Asia-Pacific: Electric Powertrain Market, by Propulsion Type, 2022–2031 (USD Million)
Table 114 Rest of Asia-Pacific: Electric Powertrain Market, by Component, 2022–2031 (USD Million)
Table 115 Rest of Asia-Pacific: Electric Powertrain Market, by Vehicle Type, 2022–2031 (USD Million)
Table 116 Rest of Asia-Pacific: Electric Powertrain Market for Commercial Vehicles, by Type, 2022–2031 (USD Million)
Table 117 North America: Electric Powertrain Market, by Country, 2022–2031 (USD Million)
Table 118 North America: Electric Powertrain Market, by Propulsion Type, 2022–2031 (USD Million)
Table 119 North America: Electric Powertrain Market, by Component, 2022–2031 (USD Million)
Table 120 North America: Electric Powertrain Market, by Vehicle Type, 2022–2031 (USD Million)
Table 121 North America: Electric Powertrain Market for Commercial Vehicles, by Type, 2022–2031 (USD Million)
Table 122 U.S.: Electric Powertrain Market, by Propulsion Type, 2022–2031 (USD Million)
Table 123 U.S.: Electric Powertrain Market, by Component, 2022–2031 (USD Million)
Table 124 U.S.: Electric Powertrain Market, by Vehicle Type, 2022–2031 (USD Million)
Table 125 U.S.:Electric Powertrain Market for Commercial Vehicles, by Type, 2022–2031 (USD Million)
Table 126 Canada: Electric Powertrain Market, by Propulsion Type, 2022–2031 (USD Million)
Table 127 Canada: Electric Powertrain Market, by Component, 2022–2031 (USD Million)
Table 128 Canada: Electric Powertrain Market, by Vehicle Type, 2022–2031 (USD Million)
Table 129 Canada: Electric Powertrain Market for Commercial Vehicles, by Type, 2022–2031 (USD Million)
Table 130 Latin America: Electric Powertrain Market, by Country/Region, 2022–2031 (USD Million)
Table 131 Latin America: Electric Powertrain Market, by Propulsion Type, 2022–2031 (USD Million)
Table 132 Latin America: Electric Powertrain Market, by Component, 2022–2031 (USD Million)
Table 133 Latin America: Electric Powertrain Market, by Vehicle Type, 2022–2031 (USD Million)
Table 134 Latin America: Electric Powertrain Market for Commercial Vehicles, by Type, 2022–2031 (USD Million)
Table 135 Brazil: Electric Powertrain Market, by Propulsion Type, 2022–2031 (USD Million)
Table 136 Brazil: Electric Powertrain Market, by Component, 2022–2031 (USD Million)
Table 137 Brazil: Electric Powertrain Market, by Vehicle Type, 2022–2031 (USD Million)
Table 138 Brazil: Electric Powertrain Market for Commercial Vehicles, by Type, 2022–2031 (USD Million)
Table 139 Mexico: Electric Powertrain Market, by Propulsion Type, 2022–2031 (USD Million)
Table 140 Mexico: Electric Powertrain Market, by Component, 2022–2031 (USD Million)
Table 141 Mexico: Electric Powertrain Market, by Vehicle Type, 2022–2031 (USD Million)
Table 142 Mexico: Electric Powertrain Market for Commercial Vehicles, by Type, 2022–2031 (USD Million)
Table 143 Rest of Latin America: Electric Powertrain Market, by Propulsion Type, 2022–2031 (USD Million)
Table 144 Rest of Latin America: Electric Powertrain Market, by Component, 2022–2031 (USD Million)
Table 145 Rest of Latin America: Electric Powertrain Market, by Vehicle Type, 2022–2031 (USD Million)
Table 146 Rest of Latin America: Electric Powertrain Market for Commercial Vehicles, by Type, 2022–2031 (USD Million)
Table 147 Middle East & Africa: Electric Powertrain Market, by Country, 2022–2031 (USD Million)
Table 148 Middle East & Africa: Electric Powertrain Market, by Propulsion Type, 2022–2031 (USD Million)
Table 149 Middle East & Africa: Electric Powertrain Market, by Component, 2022–2031 (USD Million)
Table 150 Middle East & Africa: Electric Powertrain Market, by Vehicle Type, 2022–2031 (USD Million)
Table 151 Middle East & Africa: Electric Powertrain Market for Commercial Vehicles, by Type, 2022–2031 (USD Million)
Table 152 Israel: Electric Powertrain Market, by Propulsion Type, 2022–2031 (USD Million)
Table 153 Israel: Electric Powertrain Market, by Component, 2022–2031 (USD Million)
Table 154 Israel: Electric Powertrain Market, by Vehicle Type, 2022–2031 (USD Million)
Table 155 Israel: Electric Powertrain Market for Commercial Vehicles, by Type, 2022–2031 (USD Million)
Table 156 UAE: Electric Powertrain Market, by Propulsion Type, 2022–2031 (USD Million)
Table 157 UAE: Electric Powertrain Market, by Component, 2022–2031 (USD Million)
Table 158 UAE: Electric Powertrain Market, by Vehicle Type, 2022–2031 (USD Million)
Table 159 UAE: Electric Powertrain Market for Commercial Vehicles, by Type, 2022–2031 (USD Million)
Table 160 Rest of Middle East & Africa: Electric Powertrain Market, by Propulsion Type, 2022–2031 (USD Million)
Table 161 Rest of Middle East & Africa: Electric Powertrain Market, by Component, 2022–2031 (USD Million)
Table 162 Rest of Middle East & Africa: Electric Powertrain Market, by Vehicle Type, 2022–2031 (USD Million)
Table 163 Rest of Middle East & Africa: Electric Powertrain Market for Commercial Vehicles, by Type, 2022–2031 (USD Million)
Table 164 Recent Developments by Major Market Players (2021–2024)
Table 165 Top Companies In the Electric Powertrain Market
List of Figures
Figure 1 Market Ecosystem
Figure 2 Key Stakeholders
Figure 3 Research Process
Figure 4 Key Secondary Sources
Figure 5 Primary Research Techniques
Figure 6 Key Executives Interviewed
Figure 7 Breakdown Of Primary Interviews (Supply-side & Demand-side)
Figure 8 Market Sizing And Growth Forecast Approach
Figure 9 Key Insights
Figure 10 Electric Powertrain Market, by Propulsion Type, 2024 Vs. 2031 (USD Million)
Figure 11 Electric Powertrain Market, by Component, 2024 Vs. 2031 (USD Million)
Figure 12 Electric Powertrain Market, by Vehicle Type, 2024 Vs. 2031 (USD Million)
Figure 13 Geographic Snapshot: Global Electric Powertrain Market
Figure 14 Impact Analysis Of Market Dynamics
Figure 15 Porter’s Five Forces Analysis
Figure 16 Vendor Selection Criteria/Factors Influencing Buying Decisions
Figure 17 Value Chain Analysis: Electric Powertrain Market
Figure 18 Global Electric Powertrain Market, by Propulsion Type, 2024 Vs. 2031 (USD Million)
Figure 19 Global Electric Powertrain Market, by Component, 2024 Vs. 2031 (USD Million)
Figure 20 Global Electric Powertrain Market, by Vehicle Type, 2024 Vs. 2031 (USD Million)
Figure 21 Electric Powertrain Market, by Region, 2024 Vs. 2031 (USD Million)
Figure 22 Asia-Pacific: Electric Powertrain Market Snapshot
Figure 23 Europe: Electric Powertrain Market Snapshot
Figure 24 North America: Electric Powertrain Market Snapshot
Figure 25 Latin America: Electric Powertrain Market Snapshot
Figure 26 Middle East & Africa: Electric Powertrain Market Snapshot
Figure 27 Growth Strategies Adopted by Leading Market Players (2021–2024)
Figure 28 Recent Developments by Major Market Players (2021–2024)
Figure 29 Vendor Market Positioning Analysis (2021–2024)
Figure 30 Competitive Dashboard: Electric Powertrain Market
Figure 31 Robert Bosch GmbH: Financial Overview
Figure 32 Valeo: Financial Overview
Figure 33 NIDEC CORPORATION: Financial Overview
Figure 34 DENSO CORPORATION: Financial Overview
Figure 35 Hitachi Astemo, Ltd.: Financial Overview
Figure 36 ZF Friedrichshafen AG: Financial Overview
Figure 37 Volkswagen AG: Financial Overview
Figure 38 BorgWarner Inc.: Financial Overview
Figure 39 Schaeffler AG: Financial Overview
Figure 40 Continental AG: Financial Overview
Figure 41 Cummins Inc.: Financial Overview
Figure 42 Dana Incorporated: Financial Overview
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