"Market Intelligence for High-Geared Performance"

Electric Vehicle Powertrain Market Size, Share, and Industry Analysis, By Component Type (Electric Motor, Inverter, Converter, Power Distribution Module, Transmission), By Vehicle Type (Passenger Cars, Buses & Coaches), and Geography Forecast till 2026

Region : Global | Format: PDF | Report ID: FBI102635

 

KEY MARKET INSIGHTS

Play Audio Listen to Audio Version

We are in process of revamping Electric Vehicle Powertrain Market with respect to COVID-19 Impact.

Inquire before buying

Oil prices have increased substantially, driven by the gradual depletion of global oil deposits coupled with global warming issues as a result of substantial CO2 emissions. Environmental protection and energy saving are problems of global concern. Hence, the green energy trend is prevailing in the industrial design and development of vehicles. Thus, e-powertrains focused on low energy consumption and curbing carbon emissions have become the development direction for automotive companies. It powers the electric vehicle without the need for an internal combustion engine. The e-powertrain is a compact and lightweight system that produces instant torque and creates extremely low vibrations. The Electric Vehicle powertrain's key components include its power distribution module (PDM), transmission, inverter, converter, transmission, and electric motor, among others. These elements combine to provide high quality, smooth, and responsive drive.


MARKET TRENDS


Request a sample to learn more about this report.


Design to Cost Approach and Building a Native Platform for EVs.


OEM’s are increasingly utilizing an electric vehicle powertrain design to cost (DTC) approach for the electric vehicle powertrain simulation. This trend has particularly emerged in second-generation EVs. The DTC approach is primarily focused on smarter use of lightweight materials in structural parts and component integration in the e-powertrain. Furthermore, OEM’s are focusing on building a native platform for EVs. Non-native electric vehicles force the battery into the compressed footprint of the IC engine platform which limits the energy capacity. Native EVs achieve optimized battery packaging and larger interior space compared to the non-native EVs. Hence, OEM’s are investing heavily in these areas which are likely to create a positive outlook for the electric vehicle powertrain market.


MARKET DRIVERS


Stringent Vehicular Emission Regulations Implemented by Government is Expected to Drive the Growth of this Market


Increasing carbon and particulate matter emissions levels from automobiles have led to severe depletion of the air quality, which in turn is severely affecting human health and the environment. Hence, government bodies across the globe have imposed stringent emission norms on automotive manufacturers. This factor, in turn, has compelled manufacturers to increase R&D for electric vehicles to provide customers with a cost-effective alternative which has fueled the growth of e-powertrains. For instance, the road transport sector has a big part in European energy consumption. Therefore, the EU continues to tighten CO2 emission limits for passenger cars and light commercial vehicles to meet its target of net-zero greenhouse gases. This factor drives the search for realistic solutions for Electric Vehicle Powertrain architecture.


Soaring Fuel Prices and Increasing Sales of Electric Vehicles


Continuous increase in fuel prices and existing environmental concerns have led to a higher shift of consumers towards electric mobility solutions, particularly in developed countries. Hence, auto manufacturers are focused on the development of lightweight and compact e-powertrain solutions that are suitable for everyday transportation. Furthermore, attractive government policies and support, via grants and subsidies, incentives for domestic production, and mass adoption of electric vehicles and other non-financial incentives, are expected to drive the electric vehicle powertrain market.


MARKET RESTRAINT


Lack of Standardized Charging Infrastructure and Higher Cost Associated with Electric Vehicles


Procurement of battery elements, infrastructure support and making it commercially viable are factors that have led to the slow adoption of electric vehicles across the globe. Key elements of the battery, such as cobalt and lithium, are available only in certain regions. Lithium is found in Australia, China, and Latin America, while cobalt is majorly obtained from the Democratic Republic of Congo (DRC). Procuring these elements is difficult and expensive owing to the transportation costs and government norms that regulate the supply chain.


Furthermore, making battery management systems cost-effective yet high performing has proved challenging, resulting in EVs being more expensive and hence less attractive. Infrastructure is also a considerable roadblock. Access to public charging stations and fast recharging are essential factors. However, limited accessibility and poor range have remained issues for EVs. These factors have hampered the adoption of EVs, which is expected to restrain the market for electric vehicle powertrain.


An Infographic Representation of Electric Vehicle Powertrain Market

To get information on various segments, share your queries with us



SEGMENTATION


By Component Type Analysis


Transmission Segment is Expected to Hold the Largest Market Share over the Forecast Period


By electric vehicle powertrain component type, the e-Powertrain market is segmented into the electric motor, inverter, converter, power distribution module, and transmission. The transmission segment holds the largest market share for this technology. Electric vehicles are widely equipped with a single-speed transmission. However, there has been increased R&D to explore the commercial viability of multi-speed transmission, for instance, the Porsche Taycan. Leading manufacturers in the EV transmission market are developing load shifting capability and multispeed transmission sailing operation for the electric vehicle. These factors are expected to aid market growth in this segment.


The power distribution module (PDM) segment is projected to show the fastest growth over the forecast period. Greater adoption of electrical functions in EVs and cost benefits associated with PDM is boosting the market growth in this segment. The electric motor segment is expected to show steady growth in this market. Increasing thermal constraint demands necessitate improved motor design, which further minimizes the cost of extra materials for the electric motor. This factor, in turn, enhances the market growth of e-powertrain motor. The converter segment is anticipated to show steady growth in this market, with manufacturers creating new product offerings to accelerate integration in commercial vehicles. The inverter segment is projected to record slow growth in this market with manufacturers aiming to equip cars with an integrated unit, which includes converter and inverter functionalities.   


By Vehicle Type Analysis


To know how our report can help streamline your business, Speak to Analyst


Passenger Car Segment is Likely to Dominate the Market During the Forecast Period


Based on the vehicle type, the market is segmented into passenger cars and buses & coaches. The passenger car segment is expected to dominate the market over the forecast period. Increasing demand for vehicles for everyday transportation, coupled with the rapid adoption of electric cars, particularly in developing countries, is fueling the electric vehicle powertrain market growth in this segment. The buses & coaches segment is anticipated to show steady growth in this market. Increased adoption of electric buses by transit agencies, particularly in China and India, improving grid solutions, and the development of vehicle-to-grid services is likely to propel the EV powertrain market growth in this segment. 


REGIONAL ANALYSIS


Asia Pacific Electric Vehicle Powertrain Market Size, 2018 (USD Billion)

To get more information on the regional analysis of this market, Request a sample


By region, further, the market has been segmented into Europe, North America, Asia-Pacific, and the Rest of the World. Asia Pacific is expected to show considerable growth during the forecast period. The chief driver for the high market penetration in a variety of regulatory programs pushing EV sales such as EV sales quota, fuel economy targets, and advantages for EVs in license plate assignments in countries such as China. Implementation of strict emission regulations such as BS-VI in India and China VI in China is driving the e-powertrain market in this region.


Partnerships among leading players to build a charging infrastructure is fueling market growth in this region. For instance, China’s Didi Chuxing and British oil giant BP teamed up to create EV charging infrastructure in China. China has lithium reserves that are leading to increased investment in battery production. Tesla also launched the Model 3 in South Korea with considerable price reduction owing to favorable government incentives. These factors are likely to lead to the dominant share of APAC in this market.


Europe is expected to hold a dominant share over the forecast period. The key driver in this region is the regulation of carbon emissions for newly registered vehicles, which every auto manufacturer has to follow. Besides, aversion against combustion engine based transport and acceptance of e-mobility is increasing. The rollout of EV portfolios and expected investment in charging infrastructure is likely to facilitate the transition. These factors are fueling market growth in this region.


North America is expected to show steady growth in this market. Typical US customers are driving longer distances and prefer larger vehicles. However, in certain regions, especially coastal areas, a more significant market share of electric vehicle Powertrain’s is expected. This factor, in turn, is aiding market growth in this region.


KEY INDUSTRY PLAYERS


Robert Bosch GmbH is a leading player in the Electric Vehicle Powertrain market.


Continental, Bosch, Magna, Mitsubishi, Hitachi dominate the electric vehicle powertrain industry. Stable distribution and supply chain networks at a global level and portfolios offering an extensive product range are likely to lead to the dominant players retaining their positions. The adoption of new strategies such as joint ventures, collaborations, and technological advancements in new products is enhancing their market position.


LIST OF KEY COMPANIES PROFILED:



KEY INDUSTRY DEVELOPMENTS:



  • July 2019: Continental is building the first fully integrated axle drive for electric vehicles for mass production with series production of the electric powertrain to start in China in the upcoming months. The technology makes Continental Powertrain division one of the few suppliers to offer a complete, electrified powertrain from a single source.

  • June 2019: BMW Group and Jaguar Land Rover announced a collaboration to develop the next generation Electric Drive Units (EDUs) to support the advancement of electrification technologies. The joint investment in R&D, engineering, and procurement are expected to aid the increased consumer adoption of EVs.


REPORT COVERAGE


The electric vehicle powertrain market report provides a detailed analysis of the market and focuses on key aspects such as leading companies, component Types, and leading applications of the product.


Besides this, the report offers insights into the electric vehicle powertrain market trends and highlights key industry developments. In addition to the factors above, the report encompasses several factors that have contributed to the growth of the market over recent years.


To gain extensive insights into the market, Request for Customization


Report Scope & Segmentation








































 ATTRIBUTE



 DETAILS



Study Period



  2015-2026



Base Year



  2018



Forecast Period



   2019-2026



Historical Period



  2015-2017



Unit



  Value (USD billion)



Segmentation



By Component Type



  • Electric Motor

  • Converter

  • Inverter

  • Power Distribution Module (PDM)

  • Transmission



By Vehicle Type



  • Passenger Cars

  • Buses & Coaches



By Geography



  • North America (U.S., Canada, Mexico)

  • Europe (U.K., Germany, France, and Rest of Europe)

  • Asia-Pacific (Japan, China, India, South Korea, and Rest of Asia- Pacific)

  • Rest of the World



Frequently Asked Questions

Fortune Business Insights says that the market size was USD 7.99 billion in 2018 and is projected to reach USD 64.87 billion by 2026.

In 2018, the market value stood at USD 7.99 billion.

The market is projected to grow at a CAGR of 28.5% in the forecast period (2019-2026).

In terms of component type, the transmission segment is expected to be one of the leading segments in this market during the forecast period.

Strict government regulations implemented by various governments driving electric vehicle sales is a vital market driver. However, significantly higher costs and a lack of widespread charging infrastructure is likely to restrain the growth of this market.

Robert Bosch GmbH, Hitachi Ltd., Mitsubishi Electric, Continental AG are among the top companies in the global EV powertrain market.

Electric Vehicle Powertrain Market Size, Share and Global Industry Trend Forecast till 2026
  • Apr, 2020
  • 2018
  • 2015-2017
  • 120

    CHOOSE LICENSE TYPE

  • 4850
    6850
    8850

Client Testimonials

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . More info.
X