Smart e-drive Market: Exploring Opportunities with Market Size and Growth Projections

Global smart e-drive market is expected to grow at a steady rate during the forecast period. Increasing air pollution and climate change have driven the demand for reducing greenhouse gas emissions, which is expected to have a positive impact on the market growth through 2028. Furthermore, stringent government policies and mandates for fleet level emissions are expected to propel the market over the next few years. The demand for hybrid and electric vehicles has increased drastically due to their benefits such as reliability, weight & space reductions, compact size, and lesser emissions. However, the high cost of the technology may hamper the market growth through 2028, and the lack of infrastructure and long-term ROI may further restrict the market growth over the next few years.

The market is segmented based on vehicle type, component, drive type, application, battery type, demand category, company, and region. The market can be categorized into HEV, PHEV, and BEV based on the vehicle type. The PHEV segment is expected to dominate the market, while the HEV segment is expected to register significant growth. Based on drive type, the FWD segment is expected to dominate the market, while the AWD segment is expected to witness the highest growth. Regionally, North America is expected to dominate the overall smart e-drive market.

Browse over 167 market data Figures spread through 221 Pages and an in-depth TOC on the "Smart e-drive Market " - https://www.techsciresearch.com/report/global-smart-e-drive-market/1620.html

The major players in the smart e-drive market include Magna International Inc, Robert Bosch GmbH, GKN plc, Hitachi Ltd., Hyundai Mobis Co. Ltd., Continental AG, Siemens AG, Schaeffler AG, ZF Friedrichshafen AG, BorgWarner Inc., and others. The market players are developing advanced technologies and launching new products to stay competitive in the market, and competitive strategies include mergers & acquisitions and new product developments.

Objective of the Study:

• To analyze and estimate the market size of global smart e-drive market from 2018 to 2021.
• To estimate and forecast the market size of global smart e-drive market from 2022 to 2028 and growth rate until 2028.
• To classify and forecast global smart e-drive market based on vehicle type, component, drive type, application, battery type, demand category, company and regional distribution.
• To identify dominant region or segment in the global smart e-drive market.
• To identify drivers and challenges for global smart e-drive market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global smart e-drive market.
• To identify and analyze the profile of leading players operating in global smart e-drive market.
• To identify key sustainable strategies adopted by market players in global smart e-drive market.

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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers, distribution channels and presence of all major players across the globe.

TechSci Research calculated the market size of global smart e-drive market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:

• Smart e-drive manufacturers/ suppliers/ distributors
• Market research and consulting firms
• Government bodies such as regulating authorities and policy makers
• Organizations, forums and alliances related to smart e-drive

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

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About TechSci Research:

TechSci Research is a research-based management consulting firm providing market research and advisory solutions to its customers worldwide, spanning a range of industries. TechSci Research’s core values are value, integrity and insight. Led by a team of dynamic industry experts, TechSci Research provides its customers with high value market research and advisory services that helps them identify new market opportunities, growth engines and innovative ways to capture the market share. As a result, TechSci’s client leads rather than follow market trends. Not bound by legacy, TechSci’s cutting-edge research model leverages its decades of research knowledge and an increased use of technology as engines of innovation to deliver unique research value. Provided as an alternative to traditional market research, TechSci Research reports do not just deliver data and knowledge rather highlights the insights in a more usable and interactive format for its clients.

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