North American passenger car e-axle market was valued at USD 1,139.0 million in 2018 and is expected to register a CAGR of 15.8% over the forecast period
The global automotive e-axle market size is projected to reach USD 27.19 billion by 2025, growing at a CAGR of 23.7%, according to a new report by Grand View Research, Inc. Electric vehicle production directly influences the demand for automotive e-axles as it is an integral component of a vehicle. Prominent countries such as South Korea and Germany have set aggressive production targets for electric vehicles, which is expected to drive growth for automotive electric axle market over the forecast period. Request free sample copy @ https://www.radiantinsights.com/research/automotive-e-axle-market/request-sample The availability of low-cost labor and raw materials has been a key contributing factor for the increased production of vehicles in the Asia Pacific. For instance, in 2018, China was recognized as the largest electric car manufacturer. Additionally, the growing population and increasing disposable income have led to increase in automobile sales. The high demand for premium ...