P&S Intelligence published a new research report, “Smart E-Drive Market: Global Industry Analysis and Forecast till 2024, (The global smart e-drive market is expected to witness significant growth in the coming years, owing to the implication of stringent governments’ norms and regulations for emissions on the automotive industry across the globe. Additionally, the growing demand for hybrid and electric vehicles, with an objective to reduce carbon emission is another reason, which is anticipated to propel the market growth. Furthermore, advancement of truck platooning and integrated mobility solutions, which are probable to use the hybrid and electric automobiles for ideal functioning, are expected to boost the demand for smart e-drive systems.).”
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Key growth drivers in the global smart e-drive market are strict norms and regulations by governments across the globe, cost benefits in terms of declining battery price, and improved vehicle efficiency and fuel economy. The adoption of greener energy pertaining to the current environmental scenario also contributes to drive the growth of the market. The demand for electric and hybrid vehicles is increasing, which is primarily fueled by stringent governments’ rules and regulations, subsidies, tax refunds, and grants. In 2017, more than one million electric vehicles were sold, increased the total number of electric and plug-in hybrid cars on roads to more than 3 million, which grew by 54% as compared to the sales in 2016. The growing sales of environment-friendly vehicles will boost the market for smart e-drive systems during the forecast period.
Some of the key players in the market are Magna International Inc., Robert Bosch GmbH, GKN plc, Hitachi Ltd., Hyundai Mobis Co. Ltd., Continental AG, Siemens AG, Schaeffler AG, ZF Friedrichshafen AG, MAHLE GmbH, BorgWarner Inc., Infineon Technologies AG, and AISIN SEIKI Co. Ltd.
The report will also provide country-wise analysis of the market. Some of the major countries covered in the report are the U.S., Canada, Mexico, the U.K., Germany, France, Spain, Italy, the Netherlands, South Korea, China, India, Japan, Thailand, South Africa, Brazil, and Australia.
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This market research report provides a comprehensive overview of the smart e-drive market.
This study covers
- Recent trends and evolving opportunities for the market participants
- Historical and the present size of the market segments and understand their comparative future potential
- Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings
- Competitive scenario of various market segments across key countries in several regions for uncovering market opportunities for the stakeholders
- Major players operating in the market and their service offerings
- Recent strategic developments by the major players in the market