Global E-Drive Assembly Market: Introduction
Manufacturing and assembly of various components of an electric drive into a vehicle is called e-drive assembly. The global e-drive assembly market witnesses presence of Tier-1 manufacturers that manufacture and assemble components of electric vehicles such as rotor and stator assembly and electric motor assembly.
Global E-Drive Assembly Market: Competition Landscape
ZF Friedrichshafen AG, Comau SpA, ThyssenKrupp System Engineering GmbH, Marsilli, Schaeffler AG, Maschinen und Anlagen GmbH, and Jing-Jin Electric Technologies Co., Ltd. are some of the key players operating in the global e-drive assembly market. Growth of the global electric vehicles industry and rising preference for e-drive assemblies by consumers are anticipated to drive the global e-drive assembly market and boost the competition among major market players in the next few years.
ZF Friedrichshafen AG
Established in 1915, ZF Friedrichshafen AG is headquartered in Friedrichshafen, Germany. The company is one of the leading manufacturers of drive assembly and transmission units across the globe. The company is strongly focused on the development of electric drives and transmission units for electric mobility. Under its e-mobility segment, the company offers hybrid modules, plug-in hybrid transmissions and electric drives for electric vehicles equipped with power electronics and system integration.
Comau SpA
Founded in 1973, Comau SpA is based in Turin, Italy. It is a subsidiary of Fiat Chrysler Automobiles. The company is one of the leading players in the field of industrial automation. The company has worldwide presence. It provides industrial solutions for installation of assembly units of electric drives.
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Marsilli
Founded in 1938, Marsilli is headquartered in Castelleone, Italy. The company is one of the major players in the field of motor winding technology. It is known for its innovative technologies used for motor winding. The company has a wide portfolio of automotive electric motors employed in battery cooling systems, cooling fans, power steering, and wheel hubs.
Schaeffler AG
Established in 1883, Schaeffler AG is a leading player engaged in the manufacture of automotive powertrain and drive assemblies. The company is based in Herzogenaurach, Germany and it has global presence. Schaeffler AG is an emerging player in the market for e-drive assembly. It has a wide product portfolio for use in electric vehicles, which includes transmission units, hybrid and electric axles, and wheel hub drives.
Global E-Drive Assembly Market: Dynamics
Rising preference for electric vehicles
The global market for electric vehicles has been expanding significantly over the last few years. Considering this, manufacturers have been increasing their production of electric vehicles across all regions. Increasing production of electric vehicles is estimated to boost the global market for e-drive assembly during the forecast period, as e-drive assembly is an integral part of electric vehicles. Surge in the adoption of electric vehicles among consumers led by low maintenance and running costs is likely to propel the global e-drive assembly market during the forecast period.
Rising stringency of emission norms for automobiles across all regions has propelled the market for hybrid as hybridization helps in achieving the target emission standards and improves fuel economy of the vehicle. This, in turn, propels the global market for e-drive assembly.
Government support and subsidies for new energy vehicles
In order to improve the air quality index, governments across the world are offering subsidies by providing exemption on various taxes in order to promote electric and other new energy vehicles. This factor is driving the global e-drive assembly market at a high pace. Initial cost of electric vehicles is higher, which is hindering the market for e-drive assembly; however, low maintenance and running costs is expected to make the deal more profitable.
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