Electric Vehicle Powertrain Market Size to Reach $64.87 Billion by 2026; Launch of Integrated Axle Drive-by Continental to Spur Market Opportunities

The global electric vehicle powertrain market size is predicted to reach USD 64.87 billion by 2026. The increasing carbon and particulate matter emissions from automobiles have led to depletion and air pollution, which in turn, have spurred opportunities for electric vehicle powertrain market growth during the forecast period, mentioned in a report, titled “Electric Vehicle Powertrain Market Size, Share, and Industry Analysis, By Component Type (Electric Motor, Inverter, Converter, Power Distribution Module, Transmission), By Vehicle Type (Passenger Cars, Buses & Coaches), and Geography Forecast till 2026” the market size USD 7.99 billion in 2018 and is predicted to exhibit a CAGR of 28.5% between 2019 to 2026.

Announcement of Integrated Axle Drive-by Continental to Boost Market Prospects 

Continental AG, commonly known as Continental, a German multinational automotive parts manufacturing company specializing in brake systems, interior electronics, automotive safety, and others announced the third generation of electric powertrains at IAA 2019, with the new, very high-performance, light and compact axle drive set to take to the roads in various electric models from several Chinese and European manufacturers. The new development by the company can an essential factor in determining the growth of the market owing to the pioneering technologies in new mobility solutions along with the supply of highly integrated electric axle drives for the masses. Also, the case study by the company revealed the new high-voltage drive combines an electric motor, power electronics and reduction gear in a single housing, making it an exceptionally new Powertrain division system supplier to offer a complete, electrified powertrain from a single source. Nonetheless, the growing focus of prominent companies towards the development of innovative electric vehicle powertrain will bode healthy for the global market in the forthcoming years.

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https://www.fortunebusinessinsights.com/electric-vehicle-powertrain-market-102635

Limited Accessibility to Charging Stations will Restrict Market Growth

The rising adoption of electric vehicles across the world has led to the necessity for battery elements, infrastructure support, and viable purchase. Lack of availability of battery elements such as cobalt and lithium in various regions will be a restricting factor for the growth of the market. Lithium is found in Australia, China, and Latin America, while cobalt is majorly obtained from the Democratic Republic of Congo (DRC). Procuring these elements is difficult and expensive owing to the transportation costs and government norms that regulate the supply chain. Furthermore, battery management can be expensive, which is one of the major challenges for companies and resulting in expensive EVs. The development of infrastructure can be one of the major challenges along with access to public charging stations will be a major factor in restricting the growth of the market in the foreseeable future.

Adoption of New Strategies by Key Companies to Augment Market

The electric vehicle powertrain market is dominated by Continental, Bosch, Magna, Mitsubishi, Hitachi. The companies are focused on stable distribution and supply chain networks at a global level and portfolios offering an extensive product range. The adoption of new strategies such as joint ventures, collaborations, and technological advancements by key players will spur new opportunties for the market in the forthcoming years. Moreover, the growing R&D investments by key players for the development of innovative technologies will enable speedy growth of the market.

The Report Lists the Main Companies in the Electric Vehicle Powertrain Market;

• Robert Bosch GmbH


• Continental AG


• Magna International Inc.


• Mitsubishi Electric Powertrain


• ZF Friedrichshafen AG


• BorgWarner Inc.


• Valeo


• Hitachi, Ltd.

Further Report Findings:

• Regional Analysis: The market in Asia Pacific stood at USD 3.82 billion and is predicted to grow rapidly during the forecast period owing to the increasing R&D for electric vehicles. The growing strict regulations will have a positive impact on the market during the forecast period.


• Leading Segment: The transmission segment is expected to hold the lion’s share during the forecast period owing to the increasing R&D to explore the commercial viability of multi-speed transmission by key players

The Electric Vehicle Powertrain Market is Segmented into: