Wilmington, Delaware, Nov. 24, 2023 (GLOBE NEWSWIRE) -- Global Smart Electric Drive Market size is valued at US$ 942.6 million in 2023 and is predicted to rise at a substantial CAGR of 32.5% during the forecast period of 2023 and 2030 according to RationalStat analysis.
Market Definition, Market Scope, and Report Overview
Continuous developments in electric drive technology are a major driver of the smart electric drive market’s growth. These developments make electric vehicles (EVs) more appealing and accessible to consumers, increasing industry growth. Battery technological advancements, such as increased energy density and faster charging capabilities, are increasing EV driving range and decreasing charging times.
This addresses a major customer concern known as “range anxiety.” Continuous advancements in electric drive efficiency make EVs more energy-efficient, enabling for longer distances to be covered with the same battery capacity and lowering overall energy consumption.
- According to a deep-dive market assessment by RationalStat, the smart electric drive market has been analyzed on the basis of market segments, including component, drive, vehicle type, application, and geography/regions (including North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa, and Asia Pacific). The report also offers global and regional market sizing for the historical period of 2019-2022 and the forecast period of 2023-2030.
- Market intelligence for the smart electric drive market covers market sizes based on market value (US$/EUR Million) and volume (Units) by various products/services/equipment, demand assessment across the key regions, customer sentiments, price points, cost structures, margin analysis across the value chain, financial assessments, historical and forecast data, key developments across the industry, import-export data, trade overview, components market by leading companies, etc.
- In addition, the long-term sector and products/services 10-year outlook and its implications on the smart electric drive market. It also includes the industry's current state – Production Levels, Capacity Utilization, Tech quotient, etc. Key information will be manufacturing capacity by country, installed base, import volumes, market size, key players, market size, dynamics, market data, insights, etc.
Request A Customization- https://store.rationalstat.com/store/global-smart-electric-drive-market/#tab-ux_global_tab
Global Smart Electric Drive Market: Segmental and Market Share Analysis
- Based on the Application, the commercial segment is expected to dominate the market as the adoption of EVs for office cabs and taxis is anticipated to drive the market for the smart electric drive market.
Report Synopsis
| Report Metrics | Details |
| Base Year | 2023 |
| Forecast Period | 2023-2030 |
| Base Year Market Size | US$ 942.6 million |
| Market Size Forecast | US$ 6,765.2 million |
| Growth Rate | 32.5% |
| Dominant Segment | Commercial Segment |
| Leading Region | Asia Pacific |
| Key Market Drivers |
|
| Companies Profiled |
|
Explore more about this report- https://store.rationalstat.com/store/global-smart-electric-drive-market/#tab-ux_global_tab
Competition Analysis and Market Structure
Some of the prominent players adopt various strategies to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers & acquisitions, and partnerships and collaborations are some of the strategies followed by industry players, some of the key developments in the smart electric drive market include,
- In November 2021, Ford Motor Company revealed an aim to grow global EV manufacturing to 6,00,000 units by 2023.
Some of the prominent players and suppliers operating and contributing significantly to the smart electric drive market growth include Robert Bosch GmbH, ZF Friedrichshafen AG, AISIN CORPORATION, NIDEC CORPORATION, Magna International, Continental AG, Denso Corporation, Hexagon AB, Hitachi, BorgWarner, SINOEV, UQM Technologies, and Shanghai Edrive, others.
Get A Free Sample- https://store.rationalstat.com/store/global-smart-electric-drive-market/#tab-ux_global_tab
RationalStat has segmented the smart electric drive market based on component, drive, vehicle type, application, and region
- Global Smart Electric Drive Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Component
- Battery
- E-Break Booster
- Power Electronics
- Motor
- Global Smart Electric Drive Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Vehicle Type
- Passenger Cars
- Commercial Cars
- Global Smart Electric Drive Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Drive
- FWD
- RWD
- AWD
- Global Smart Electric Drive Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Application
- Wheel Drive
- E-Axle
- Global Smart Electric Drive Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Region
- North America Smart Electric Drive Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country
- US
- Canada
- Latin America Smart Electric Drive Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country
- Brazil
- Mexico
- Rest of Latin America
- Western Europe Smart Electric Drive Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country
- Germany
- UK
- France
- Spain
- Italy
- Benelux
- Nordic
- Rest of Western Europe
- Eastern Europe Smart Electric Drive Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country
- Russia
- Poland
- Hungary
- Other CIS Countries
- Rest of Eastern Europe
- Asia Pacific Smart Electric Drive Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country
- China
- Japan
- India
- South Korea
- Australia
- ASEAN
- Indonesia
- Thailand
- Philippines
- Vietnam
- Malaysia
- Rest of ASEAN
- Rest of Asia Pacific
- Middle East & Africa Smart Electric Drive Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country
- GCC
- Saudi Arabia (KSA)
- United Arab Emirates (UAE)
- Rest of the GCC
- South Africa
- Nigeria
- Turkey
- Rest of the Middle East & Africa
- GCC
- North America Smart Electric Drive Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country
For more information about this report- https://store.rationalstat.com/store/global-smart-electric-drive-market/
Key Questions Answered in the Smart Electric Drive Report:
- What will be the market value of the smart electric drive market by 2030?
- What is the market size of the smart electric drive market?
- What are the market drivers of the smart electric drive market?
- What are the key trends in the smart electric drive market?
- Which is the leading region in the smart electric drive market?
- What are the major companies operating in the smart electric drive market?
- What are the market shares by key segments in the smart electric drive market?
Running a Year End Discount of 20%- https://store.rationalstat.com/store/global-smart-electric-drive-market/#tab-ux_global_tab
Explore Our Trending Reports
- Global Water Measuring Equipment Market- The global Water Measuring Equipment Market is expected to grow at a significant CAGR over the forecast period of 2022-2028
- Global Kjeldahl Analysis System Market- Global Kjeldahl analysis systems market was US$ 47.0 million in 2022 and is expected to reach US$ 60.1 million by the end of 2028 growing at a CAGR of 4.2% over the forecast period of 2022-2028.
- Global Continuous Emissions Monitoring Systems Market- Global Continuous Emissions Monitoring Systems Market is expected to grow at a CAGR of 8.8% over the forecast period of 2022-2028.
- Global Geotechnical Instrumentation Market- Global Geotechnical Instrumentation Market is expected to grow at a CAGR of 9.5% over the forecast period of 2022-2028.
- Global Linear Scales Market- Global Linear Scales Market is expected to grow at a significant CAGR of 10.2% over the forecast period of 2022-2028.
- India E-Commerce Logistics Market- Indian e-commerce logistics market is anticipated to grow at a robust CAGR of over 24% during the forecast period of 2022-2028. India e-commerce logistics market is primarily driven by strong growth in the e-commerce retail market.
- Middle East Logistics Market- Middle East logistics market is expected to grow at a CAGR of 5.7% during the forecast period of 2022-2028.
- Global Terminal Delivery Market- Global Terminal Delivery Market is expected to grow at a CAGR of 12.8% over the forecast period of 2022-2028.
- Global Cargo Handling Equipment Vehicle Market- Global Cargo Handling Equipment Vehicle Market is expected to grow at a CAGR of 3.6% over the forecast period of 2022-2028.
- Global ISO Tank Container Market- Global ISO Tank Container Market is expected to grow at a CAGR of 4.8% over the forecast period of 2022-2028.
Research Methodology
RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts’ viewpoints to create a research methodology for market sizing and forecasting.
RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:
- Defining the problem by understanding the type of market and data required by the client.
- Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
- Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
- Evaluating and analyzing the data by referring to data sources utilized and leveraged.
- Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.
Download Key Insights and Market Data - Raise a Query
About RationalStat LLC
RationalStat is an end-to-end global market intelligence and consulting company that provides comprehensive market research reports, customized strategy, and consulting studies. The company has sales offices in India, Mexico, and the US to support global and diversified businesses. The company has over 80 consultants and industry experts, developing more than 850 market research and industry reports for its report store annually.
RationalStat has strategic partnerships with leading data analytics and consumer research companies to cater to the client’s needs. Additional services offered by the company include consumer research, country reports, risk reports, valuations and advisory, financial research, due diligence, procurement and supply chain research, data analytics, and analytical dashboards.
Contact
RationalStat LLC
Kimberly Shaw,
Content and Press Manager
US Phone: +1 302 803 5429
UK Phone: +44 203-287-1245
LinkedIn | Facebook | Twitter | Instagram | Pinterest
