Hybrid and Electric Vehicle Integrated Drive Unit Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2021-2025

The hybrid and electric vehicle integrated drive unit market share is expected to increase by USD 11.85 billion from 2020 to 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 hybrid and electric vehicle integrated drive unit 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 During the Forecast Period?

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Hybrid And Electric Vehicle Integrated Drive Unit Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. Cost reduction achieved through the adoption of IDU is notably driving the hybrid and electric vehicle integrated drive unit market growth, although factors such as issues associated with batteries may impede the 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.

Key Hybrid And Electric Vehicle Integrated Drive Unit Market Driver

Cost reduction achieved through the adoption of IDU is one of the major trends in the hybrid and electric vehicle integrated drive unit market growth. The total cost of ownership of EVs is higher than that of the internal combustion engine (ICE)-based vehicles, which is a crucial barrier to their adoption in the global automotive market. Regulatory authorities of various countries are offering incentives to reduce the cost of these vehicles, but still, the manufacturing cost is high for these vehicles. This keeps the price of EVs above ICE-based vehicles, even after incentives. Hence, EV manufacturers are continuously working on reducing the total cost of the vehicles. Factors such as declining battery prices are contributing to lowering the cost of EVs. EV manufacturers can also reduce the cost through the adoption of IDU over conventional powertrain. IDU is a characteristic of integrating components such as electric motor, inverter, and transmission into one unit. It offers a significant advantage in the form of cost to manufacturers

Key Hybrid And Electric Vehicle Integrated Drive Unit Market Trend

The growing popularity of fully IDU is one of the major trends in the hybrid and electric vehicle integrated drive unit market growth. In the recent past, the EV market witnessed the adoption of IDU that combined an electric motor with power electronics. This integration allowed suppliers to reduce the space and weight of the vehicle. As a result, IDU gained popularity in the EV market. The addition of the transmission into this IDU further enhanced the benefits, and this improved unit is called a fully IDU (electric motor, power electronics, and transmission in a single unit). The development of fully IDU offered significant weight reduction to EVs, which helps in enhancing mile range and provides higher efficiency when compared with a conventional powertrain. Hence, the demand for fully IDU is expected to increase during the forecast period. As a result, prominent suppliers such as BorgWarner, Bosch, and GKN Automotive are offering fully IDU.

Key Hybrid And Electric Vehicle Integrated Drive Unit Market Challenge

Issues associated with batteries are one of the major challenges to the hybrid and electric vehicle integrated drive unit market growth. The replacement of the battery can cost more than $1,000. The warranty factor does not imply that the battery will shut down after 1,000,000 miles. It is challenging to predict the performance versus years for different batteries from the given history. The drive for the adoption of eco-friendly vehicles is intended to combat global warming and drastic climate changes. This has led individuals to choose alternative-energy vehicles with a better fuel economy and minimal GHG emissions. However, range anxiety due to poor battery capacity is a deterrent to the adoption of EVs. Most EVs cannot cover more than 150 miles on a single charge. Long-distance travel and fast charging of batteries are hindered due to an insufficient number of charging stations. Most of the available charging stations are slow-charging stations, which take multiple hours to charge Li-ion batteries. Hence, issues associated with batteries and their charging infrastructure are hindering the adoption of EVs, which, in turn, will affect the growth of the market focus.

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.

Parent Market Analysis

Technavio categorizes the hybrid and electric vehicle integrated drive unit market as a part of the global automotive components and accessories market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the hybrid and electric vehicle integrated drive unit market during the forecast period.

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 electric vehicle integrated drive unit 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.

Hybrid And Electric Vehicle Integrated Drive Unit Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the hybrid and electric vehicle integrated drive unit market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the global automotive components and accessories market includes the following core components:

• Inputs
• Inbound logistics
• Operations
• Outbound logistics
• Marketing and sales
• Service
• Support activities
• Innovation

The report has further elucidated other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

 

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.

COVID Impact and Recovery Analysis

With the ongoing COVID-19 vaccination drives, the number of COVID-19 cases is expected to decrease during the forecast period. The operations at manufacturing sites for IDU are expected to rebound gradually. In addition, the demand for EVs from the thriving e-commerce sector in India is rising owing to the need for cost-efficient logistics for delivery services. These factors are anticipated to increase the demand in the regional hybrid and EV IDU market during the forecast years.

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 electric vehicle integrated drive unit market size and actionable market insights on post COVID-19 impact on each segment.

 

Hybrid And Electric Vehicle Integrated Drive Unit Market Scope
Report Coverage	Details
Page number	120
Base year	2020
Forecast period	2021-2025
Growth momentum & CAGR	Accelerate at a CAGR of 57.94%
Market growth 2021-2025	$ 11.85 billion
Market structure	Fragmented
YoY growth (%)	56.17
Regional analysis	APAC, Europe, North America, South America, and MEA
Performing market contribution	APAC at 45%
Key consumer countries	China, US, Norway, Germany, and Japan
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	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
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data 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 electric vehicle integrated drive unit 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 electric vehicle integrated drive unit market vendors

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