Hybrid and Electric Vehicle Integrated Drive Unit Market by Application and Geography - Forecast and Analysis 2021-2025
- Published: Sep 2021
- Pages: 120
- SKU: IRTNTR44415
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The hybrid and electric vehicle integrated drive unit market has the potential to grow by USD 11.86 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 57.94%.
This hybrid and electric vehicle integrated drive unit market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by application (BEV and HEV) and geography (APAC, Europe, North America, South America, and MEA). The hybrid and electric vehicle integrated drive unit market report also offers information on several market vendors, including BorgWarner Inc., Continental AG, FEV Group GmbH, Hitachi Ltd., Magna International Inc., Meidensha Corp., Melrose Industries Plc, Meritor Inc., Robert Bosch GmbH, and Siemens AG among others.
What will the Hybrid and Electric Vehicle Integrated Drive Unit Market Size be in 2021?
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Hybrid and Electric Vehicle Integrated Drive Unit Market: Key Drivers and Trends
Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The increasing government support to promote EVs is notably driving the hybrid and EV IDU market growth, although factors such as issues associated with batteries may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the hybrid and electric vehicle integrated drive unit industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
This hybrid and electric vehicle integrated drive unit market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Who are the Major Hybrid and Electric Vehicle Integrated Drive Unit Market Vendors?
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- BorgWarner Inc.
- Continental AG
- FEV Group GmbH
- Hitachi Ltd.
- Magna International Inc.
- Meidensha Corp.
- Melrose Industries Plc
- Meritor Inc.
- Robert Bosch GmbH
- Siemens AG
This statistical study of the hybrid and electric vehicle integrated drive unit market encompasses successful business strategies deployed by the key vendors. The hybrid and EV IDU market is fragmented and the vendors are deploying growth strategies such as focusing on reducing the weight of the IDU to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The hybrid and electric vehicle integrated drive unit market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Which are the Key Regions for Hybrid and Electric Vehicle Integrated Drive Unit Market?
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45% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for hybrid and electric vehicle integrated drive units in APAC. Market growth in APAC will be faster than the growth of the market in other regions.
The need for cost-efficient logistics for delivery services will facilitate the hybrid and electric vehicle integrated drive unit market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
What are the Revenue-generating Application Segments in the Hybrid and Electric Vehicle Integrated Drive Unit Market?
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The hybrid and electric vehicle integrated drive unit market share growth by the battery electric vehicles (BEVs) segment will be significant during the forecast period. The governments of various countries have come up with stringent emission and fuel consumption regulations, which are propelling the sales of BEVs globally. Since these vehicles are expensive, the governments have initiated various tax credits and incentive schemes to increase the adoption of EVs. Additionally, battery prices are constantly reducing with time, which provides a significant boost to the adoption of BEVs.
This report provides an accurate prediction of the contribution of all the segments to the growth of the hybrid and EV IDU market size and actionable market insights on post COVID-19 impact on each segment.
What are the Key Factors Covered in this Hybrid and Electric Vehicle Integrated Drive Unit Market Report?
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will drive hybrid and electric vehicle integrated drive unit market growth during the next five years
- Precise estimation of the hybrid and electric vehicle integrated drive unit market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the hybrid and EV IDU industry across APAC, Europe, North America, South America, and MEA
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of hybrid and EV IDU market vendors
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Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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Frequently Asked Questions?
- Increasing government support to promote EVs
- Growing adoption of hybrid commercial vehicles
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