The Market of Electric Drive Module to grow beyond US$ 10.7 billion by 2025
February 12, 2020
Electric Drive Module Market Overview:
The electric drive module market is a multi-million-dollar business today and its size is estimated to grow to multi folds over the next seven years to reach US$ 10.7 billion in 2025. The expected journey of eDM from the current multi-million-dollar business to two-digit billion-dollar opportunity is primarily propelled by a magnificent growth in the demand for electric vehicles, owing to increasing adoption of electric vehicles over ICE vehicles, coupled with superior benefits of eDMs. This integrated system delivers high power-to-size ratio, excellent cost effectiveness, high system efficiency, excellent durability, and weight saving. It is a suitable claimant addressing the challenge of procuring individual components from a different supplier and further assembling of each component in the electric vehicle.
Report Overview:
This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects the current electric drive module (eDM) market realities and future market possibilities for the forecast period of 2019 to 2025 based on the study of current penetration of eDM in different vehicle types as well as forecast its expected penetration by 2025. The report is first in its kind and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies in order to expedite their growth process.
Salient Features of the Report
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
- Strategic segmentation
- Market analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Detailed Competitive Rivalry landscaping
- Market trend and forecast analysis
- Future Growth Boulevards
Get a free sample of the report here:
https://www.stratviewresearch.com/Request-Sample/477/electric-drive-module-market.html
Electric Drive Module Market Segment Insights:
BEVs: The growth engine
The global electric drive module market is segmented based on the powertrain type as BEVs and PHEVs. BEVs are likely to remain the growth engines of the market during the forecast period. Increasing production of BEVs, especially from Tesla and Nissan, and an entry of other new start-ups and existing OEMs in the BEV segment are the major factors propelling the demand for eDMs in the vehicle type segment. Increasing penetration of eDMs and recent advancements, such as the development of 5th generation electric powertrain by BMW, are likely to drive the market in the PHEV segment during the same period.
Click below to run through the detailed ToC of the report:
https://www.stratviewresearch.com/toc/477/electric-drive-module-market.html
Dominance of: >150 kW type
Based on the peak power type, the eDM market is segmented into <150 KW and >150 KW. >150 kW type is projected to remain the most dominant segment over the next five years, whereas <150 kW type is expected to witness a higher growth over the same period. >150 kW-based eDM currently founds usage in all the models of Tesla. Expected penetration of eDMs in MHCVs is further likely to boost the demand for >150 kW-based EDM in the future.
A highly/moderately/fragment consolidated Market
The supply chain of this market comprises raw material suppliers, component manufacturers, tier players, and OEMs. The key players in the eDM market are Tesla Inc., Nissan Motor Co., Ltd., BorgWarner Inc., Continental AG, Magna International, Inc., GKN Driveline, Robert Bosch GmbH, and Siemens AG. Development of compact design and close work with EV OEMs are some of the strategies adopted by the key players in order to gain a competitive edge in the market.
Regional Hegemony of Europe
Based on the region, the Americas is projected to remain the largest market for eDMs during the forecast period. The USA is likely to remain the growth engine of the region’s market, owing to the presence of assembly house of the major electric vehicle OEMs, such as Tesla and Nissan, stringent emission standards from the regulatory bodies, and increasing penetration of electric vehicles.
At present, EMEA (Europe, Middle East, and Africa) is the second-largest market for eDMs. The UK and Germany are the two major contributors in the EMEA’s eDM market, owing to the presence of major auto OEMs and significant investment towards research & development to enhance electric powertrain.
Asia-Pacific is expected to witness the highest growth during the forecast period, owing to increasing adoption of electric vehicles in the economies, such as China, Japan, and South Korea, to curb fuel emission as well as targeting exports.
Click here for other high value market reports from Stratview Research in the Automotive Industry: https://www.stratviewresearch.com/market-reports/Automotive-Transportation.html
About Stratview Research
Stratview Research is a global market intelligence firm providing wide range of services including syndicated market reports, custom research and sourcing intelligence across industries, such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas.
We have a strong team of industry veterans and analysts with an extensive experience in executing custom research projects for mid-sized to Fortune 500 companies, in the areas of Market Assessment, Opportunity Screening, Competitive Intelligence, Due Diligence, Target Screening, Market Entry Strategy, Go to Market Strategy, and Voice of Customer studies.
Stratview Research is a trusted brand globally, providing high quality research and strategic insights that help companies worldwide in effective decision making.
For enquiries,
Contact:
Stratview Research
E-mail: sales@stratviewresearch.com
Direct: +1-313-307-4176