What is Smart e-Drive Market?
The smart e-drive makes zero-emission driving. Lower operating costs of electric vehicles using smart e-drive technology are the major factor driving the global smart e-drive market growth. The introduction of governmental stringent rules and regulations and the high demand for electric vehicles and hybrid vehicles are the factors expected to drive the market during the forecast period. The Asia Pacific is expected to hold the largest market share of the smart e-drive market by countries such as China, Japan, and South Korea.
|Unit||Value (USD Million)|
|Key Companies Profiled||Nidec Corporation (Japan), Tesla, Inc. (United States), Aisin Corporation (Japan), Mercedes-Benz Group (Germany), BorgWarner (United States), Bosch (Germany), Huber Automotive AG (Germany), ZF group (Germany), Bayerische Motoren Werke AG (Germany) and Audi (Germany)|
The market study is being classified by Type (Passenger vehicle and Commercial Vehicle) and major geographies with country level break-up.
Nidec Corporation (Japan), Tesla, Inc. (United States), Aisin Corporation (Japan), Mercedes-Benz Group (Germany), BorgWarner (United States), Bosch (Germany), Huber Automotive AG (Germany), ZF group (Germany), Bayerische Motoren Werke AG (Germany) and Audi (Germany) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Ford Motor Company (United States), Peugeot (France) and Volkswagen (Germany).
Global Smart e-Drive is a fragmented market due to the presence of various players. The players are focusing on investing more in Launching Products. These will enhance their market presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Analyst at AMA have segmented the market study of Global Smart e-Drive market by Type, Application and Region.
On the basis of geography, the market of Smart e-Drive has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing Air Pollution and Stringent Government Regulations on It Is Also Factor of Growth
- Lower Operating Cost of Electric Vehicles Smart e-Drive Technology
- The Growing Trend for Adoption of Smart e-Drive
- Increasing Demand for Electric and Hybrid Vehicles
- High Cost Associated with the Smart e-Drive
- Rapid Inclination towards Adoption of Alternatively-Fueled Cars Has Created the Growth Opportunity for the Market
- Lack of Electric Vehicle Charging Infrastructure
- Inadequate Charging Infrastructure for Electric Vehicles in Developing
- Countries will Reduce the Potential of the Smart e-Drive
Market Leaders and some development strategies
On 15th February 2022, BorgWarner acquired AKASOL AG. The acquisition will strengthen the commercial vehicle and industrial electrification capabilities. This enables it to capitalize on what it believes to be a fast-growing battery.
In June 2021, Audi reveals a timetable for the brand to become electric-only. Audi will end development of new internal combustion engine models by the end of 2026 and focus solely on full-electric drivetrains. Its CEO announced, after 2026, the automaker will only develop battery-powered models, according to Automobilwoche
Key Target AudienceSmart e-Drive Manufacturers, Smart e-Drive Suppliers and Distributors, Regulatory Bodies, New Entrants, Potential Investors, Research and Development Institutes and Others
Frequently Asked Questions (FAQ):
1. Which factors would majorly drive the Smart e-Drive Market?
"Increasing Air Pollution and Stringent Government Regulations on It Is Also Factor of Growth
" is seen as one of major growth factors of Smart e-Drive Market in years to come.
2. Can we have customized study for Smart e-Drive Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.
3. Which region will lead the Global Smart e-Drive Market?
will lead Smart e-Drive Market in coming years.