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Global Smart Electric Drive Market- Technologies, Market Share and Industry Forecast to 2024

  • ID: 4668352
  • Report
  • Region: Global
  • 240 Pages
  • Occams Business Research and Consulting
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Global Smart Electric Drive Market is Expected to Witness a CAGR of 31.8%

FEATURED COMPANIES

  • Borgwarner (U.S.)
  • Continental Ag (Germany)
  • Daimler Ag (Germany)
  • GKN (UK)
  • Hitachi (Japan)
  • Magna (Canada)
  • MORE

NOTE: Delivery time is 3 business days

Global smart electric drive market is expected to witness a CAGR of 31.8% over the forecast period (2017-2024).

The market is primarily driven by demand for alternate materials & overall weight reduction in electric vehicles technologies, commencement of advanced technologies in electric vehicles, increase in the demand for fuel efficient, high performance, and low emission vehicles coupled with government incentives to promote use of electric vehicles are the factors expected to fuel the global smart electric drive market.

However, the market growth is restricted by factors such as maintaining & achieving optimum weight-to-power ratio and high cost of smart e-drive systems. Global smart electric drive is facing some of challenges that include inadequate charging infrastructure for electric vehicles in emerging countries and developing fail-safe electronic and electrical components.

However, the market is having immense opportunities over the forecast period (2017-2024) such as increase in demand for electric buses and trucks and integrated mobility solutions and ride-hailing.

Global smart e-drive market report segmented into components, application, drive type and commercial vehicles. Further, components segment has been divided into battery, motor generator, power electronics and e-brake booster. Global battery market is accounted as dominant segment in 2017 in terms of revenue.

The application segment covers two sub segments such as e-Axle and wheel drive. Wheel drive market is expected to witness the fastest growth rate over forecast period. Lastly, commercial vehicles segment has been sub divided into electric trucks and electric buses.

Geographically, global smart e-drive market has been bifurcated into North America, Europe, Asia Pacific and Rest of World (RoW). North America accounted as dominant region in 2017 in terms of revenue. High penetration of electric vehicles, technological advancements and adequate charging infrastructure are the major factors justifying the dominance of North America.

However, Europe is expected to witness the fastest growth rate over forecast period (2017-2024). High research & development spending in battery technology, strict emission regulations and high demand of electric vehicles justify the fastest growth rate of Europe smart e-drive market till 2024.

The major key players of smart electric drive market are Daimler AG, GKN (UK), Robert Bosch (Germany), Hyundai Mobis (South Korea), Tesla Motors (U.S.) and others. These companies are adopting various strategies such as merger & acquisition, collaboration, partnership, agreement and product launch. Whereas, product launch is the key strategy adopted by companies in global smart e-drive market.

Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Borgwarner (U.S.)
  • Continental Ag (Germany)
  • Daimler Ag (Germany)
  • GKN (UK)
  • Hitachi (Japan)
  • Magna (Canada)
  • MORE

1. Introduction
1.1. Executive Summary
1.2. Estimation Methodology

2. Market Overview
2.1. Global Smart E-Drive Market: Evolution & Transition
2.2. Market Definition & Scope
2.3. Industry Structure
2.4. Regulatory Framework
2.5. Total Market Analysis
2.5.1. Top 5 Findings
2.5.2. Top 5 Opportunity Markets
2.5.3. Top 5 Companies
2.5.4. Top 3 Competitive Strategies
2.6. Estimation Analysis
2.7. Strategic Analysis
2.7.1. Investment Vs. Adoption Model
2.7.2. 360 Degree Industry Analysis
2.7.3. Porter’s 5 Force Model
2.7.4. See-Saw Analysis
2.7.5. Consumer Analysis And Key Buying Criteria
2.8. Competitive Analysis
2.8.1. Key Strategies & Analysis
2.8.2. Market Share Analysis & Top Company Analysis
2.9. Strategic Recommendations & Key Conclusions
2.9.1. Investment Opportunities By Regions
2.9.2. Opportunities In Emerging Applications
2.9.3. Investment Opportunity In Fastest Growing Segment

3. Market Determinants
3.1. Market Drivers
3.1.1. Commencement Of Advanced Technologies In Electric Vehicles
3.1.2. Demand For Alternate Materials & Overall Weight Reduction
In Electric Vehicles
3.1.3. Government Incentives To Promote Use Of Electric Vehicles
3.1.4. Surge In Demand For Fuel Efficient, High Performance, And Low Emission Vehicles
3.2. Market Restraints
3.2.1. Keeping Up With The Optimum Power-To-Weight Ratio
3.2.2. High Cost Of Smart E-Drive Systems
3.3. Market Opportunities
3.3.1. Integrated Mobility Solutions And Ride-Hailing
3.3.2. Surging Demand For Electric Vehicles
3.4.   Market Challenges
3.4.1. To Develop Durable Electrical And Electronic Components
3.4.2. Inadequate Charging Infrastructure In Emerging Countries

4. Global Smart E-Drive Market By Components
4.1. Market Definition And Scope
4.2. Decision Support Database & Estimation Methodology
4.3. Comparative Analysis Across Market Segments
4.4.  Opportunity Matrix
4.5. Market Segmentation
4.5.1. Global Battery Market
4.5.1.1. Adoption Scenario & Market Determinants
4.5.1.2. Market Estimations And Forecasts 2015-2024 ($ Million)
4.5.1.3. Key Conclusions
4.5.2. Global Motor Generator Market
4.5.2.1. Adoption Scenario & Market Determinants
4.5.2.2. Market Estimations And Forecasts 2015-2024 ($ Million)
4.5.2.3. Key Conclusions
4.5.3. Global Power Electronics Market
4.5.3.1. Adoption Scenario & Market Determinants
4.5.3.2. Market Estimations And Forecasts 2015-2024 ($ Million)
4.5.3.3. Key Conclusions
4.5.4. Global E-Brake Booster Market
4.5.4.1. Adoption Scenario & Market Determinants
4.5.4.2. Market Estimations And Forecasts 2015-2024 ($ Million)
4.5.4.3. Key Conclusions

5. Global Smart E-Drive Market By Application
5.1. Market Definition And Scope
5.2. Decision Support Database & Estimation Methodology
5.3. Comparative Analysis Across Market Segments
5.4.  Opportunity Matrix
5.5. Market Segmentation
5.5.1. Global E-Axle Market
5.5.1.1. Adoption Scenario & Market Determinants
5.5.1.2. Market Estimations And Forecasts 2015-2024 ($ Million)
5.5.1.3. Key Conclusions
5.5.2. Global Wheel Drive Market
5.5.2.1. Adoption Scenario & Market Determinants
5.5.2.2. Market Estimations And Forecasts 2015-2024 ($ Million)
5.5.2.3. Key Conclusions

6. Global Smart E-Drivemarket By Drive Type
6.1. Market Definition And Scope
6.2. Decision Support Database & Estimation Methodology
6.3. Comparative Analysis Across Market Segments
6.4.  Opportunity Matrix
6.5. Market Segmentation
6.5.1. Global Front Wheel Market
6.5.1.1. Adoption Scenario & Market Determinants
6.5.1.2. Market Estimations And Forecasts 2015-2024 ($ Million)
6.5.1.3. Key Conclusions
6.5.2. Global Rear Wheel Market
6.5.2.1. Adoption Scenario & Market Determinants
6.5.2.2. Market Estimations And Forecasts 2015-2024 ($ Million)
6.5.2.3. Key Conclusions

7. Global Smart E-Drive Market By Commercial Vehicles
7.1. Market Definition And Scope
7.2. Decision Support Database & Estimation Methodology
7.3. Comparative Analysis Across Market Segments
7.4.  Opportunity Matrix
7.5. Market Segmentation
7.5.1. Global Electric Trucks Market
7.5.1.1. Adoption Scenario & Market Determinants
7.5.1.2. Market Estimations And Forecasts 2015-2024 ($ Million)
7.5.1.3. Key Conclusions
7.5.2. Global Electric Buses Market
7.5.2.1. Adoption Scenario & Market Determinants
7.5.2.2. Market Estimations And Forecasts 2015-2024 ($ Million)
7.5.2.3. Key Conclusions

8. Competitive Landscape
8.1. Key Strategies
8.1.1. List Of Merger & Acquisition
8.1.2. List Of Joint Venture
8.1.3. List Of Product Launches
8.1.4. List Of Partnership
8.2. Key 10 Company Analysis

9. Geographic Analysis
9.1. Decision Support Database & Estimation Methodology
9.2. Comparative Analysis Across Market Segments
9.3. Opportunity Matrix
9.4.  Global Smart E-Drive Market By Region 2015-2024 ($ Million)
9.4.1. North America
9.4.1.1. Industry Analysis 2015-2024 ($ Million)
9.4.1.2. Key Country Analysis
9.4.1.2.1. U.S.
9.4.1.2.1.1. Market Estimations And Forecasts 2015-2024 ($ Million)
9.4.1.2.1.2. Key Conclusions
9.4.1.2.2. Canada
9.4.1.2.2.1. Market Estimations And Forecasts 2015-2024 ($ Million)
9.4.1.2.2.2. Key Conclusions
9.4.2. Europe
9.4.2.1. Industry Analysis 2015-2024 ($ Million)
9.4.2.2. Key Country Analysis
9.4.2.2.1. UK
9.4.2.2.1.1. Market Estimations And Forecasts 2015-2024 ($ Million)
9.4.2.2.1.2. Key Conclusions
9.4.2.2.2. France
9.4.2.2.2.1. Market Estimations And Forecasts 2015-2024 ($ Million)
9.4.2.2.2.2. Key Conclusions
9.4.2.2.3. Germany
9.4.2.2.3.1. Market Estimations And Forecasts 2015-2024 ($ Million)
9.4.2.2.3.2. Key Conclusions
9.4.2.2.4. Russia
9.4.2.2.4.1. Market Estimations And Forecasts 2015-2024 ($ Million)
9.4.2.2.4.2. Key Conclusions
9.4.2.2.5. Rest Of Europe
9.4.2.2.5.1. Market Estimations And Forecasts 2015-2024 ($ Million)
9.4.2.2.5.2. Key Conclusions
9.4.3. Asia Pacific
9.4.3.1. Industry Analysis 2015-2024 ($ Million)
9.4.3.2. Key Country Analysis
9.4.3.2.1. China
9.4.3.2.1.1. Market Estimations And Forecasts 2015-2024 ($ Million)
9.4.3.2.1.2. Key Conclusions
9.4.3.2.2. India
9.4.3.2.2.1. Market Estimations And Forecasts 2015-2024 ($ Million)
9.4.3.2.2.2. Key Conclusions
9.4.3.2.3. Japan
9.4.3.2.3.1. Market Estimations And Forecasts 2015-2024 ($ Million)
9.4.3.2.3.2. Key Conclusions
9.4.3.2.4. Australia
9.4.3.2.4.1. Market Estimations And Forecasts 2015-2024 ($ Million)
9.4.3.2.4.2. Key Conclusions
9.4.3.2.5. Rest Of Asia Pacific
9.4.3.2.5.1. Market Estimations And Forecasts 2015-2024 ($ Million)
9.4.3.2.5.2. Key Conclusions
9.4.4. Row
9.4.4.1. Industry Analysis 2015-2024 ($ Million)
9.4.4.2. Key Country Analysis
9.4.4.2.1. Latin America
9.4.4.2.1.1. Market Estimations And Forecasts 2015-2024 ($ Million)
9.4.4.2.1.2. Key Conclusions
9.4.4.2.2. Middle East & Africa
9.4.4.2.2.1. Market Estimations And Forecasts 2015-2024 ($ Million)
9.4.4.2.2.2. Key Conclusions

10. Company Profiles
10.1. Bayerische Motoren Werke Ag (Germany)
10.1.1. Overview
10.1.2. Product Portfolio
10.1.3. Strategic Initiatives
10.1.4. Scot Analysis
10.1.5. Strategic Analysis
10.2. Borgwarner (U.S.)
10.2.1. Overview
10.2.2. Product Portfolio
10.2.3. Strategic Initiatives
10.2.4. Scot Analysis
10.2.5. Strategic Analysis
10.3. Continental Ag (Germany)
10.3.1. Overview
10.3.2. Product Portfolio
10.3.3. Strategic Initiatives
10.3.4. Scot Analysis
10.3.5. Strategic Analysis
10.4. Daimler Ag (Germany)
10.4.1. Overview
10.4.2. Product Portfolio
10.4.3. Strategic Initiatives
10.4.4. Scot Analysis
10.4.5. Strategic Analysis
10.5. General Motors Company (U.S.)
10.5.1. Overview
10.5.2. Product Portfolio
10.5.3. Strategic Initiatives
10.5.4. Scot Analysis
10.5.5. Strategic Analysis
10.6. GKN (UK)
10.6.1. Overview
10.6.2. Product Portfolio
10.6.3. Strategic Initiatives
10.6.4. Scot Analysis
10.6.5. Strategic Analysis
10.7. Hitachi (Japan)
10.7.1. Overview
10.7.2. Product Portfolio
10.7.3. Strategic Initiatives
10.7.4. Scot Analysis
10.7.5. Strategic Analysis
10.8. Hyundai Mobis (South Korea)
10.8.1. Overview
10.8.2. Product Portfolio
10.8.3. Strategic Initiatives
10.8.4. Scot Analysis
10.8.5. Strategic Analysis
10.9. Magna (Canada)
10.9.1. Overview
10.9.2. Product Portfolio
10.9.3. Strategic Initiatives
10.9.4. Scot Analysis
10.9.5. Strategic Analysis
10.10. Mahle (Germany)
10.10.1. Overview
10.10.2. Product Portfolio
10.10.3. Strategic Initiatives
10.10.4. Scot Analysis
10.10.5. Strategic Analysis
10.11. Robert Bosch Gmbh (Germany)
10.11.1. Overview
10.11.2. Product Portfolio
10.11.3. Strategic Initiatives
10.11.4. Scot Analysis
10.11.5. Strategic Analysis
10.12. Schaeffler (Germany)
10.12.1. Overview
10.12.2. Product Portfolio
10.12.3. Strategic Initiatives
10.12.4. Scot Analysis
10.12.5. Strategic Analysis
10.13. Siemens (Germany)
10.13.1. Overview
10.13.2. Product Portfolio
10.13.3. Strategic Initiatives
10.13.4. Scot Analysis
10.13.5. Strategic Analysis
10.14. Tesla Motors, Inc. (U.S.)
10.14.1. Overview
10.14.2. Product Portfolio
10.14.3. Strategic Initiatives
10.14.4. Scot Analysis
10.14.5. Strategic Analysis
10.15. ZF Friedrichshafen  (Germany)
10.15.1. Overview
10.15.2. Product Portfolio
10.15.3. Strategic Initiatives
10.15.4. Scot Analysis
10.15.5. Strategic Analysis

List Of Tables
1. Global Smart E-Drivemarket By Components 2015-2024 ($ Million)
2. Global Battery Market By Geography 2015-2024 ($ Million)
3. Global Motor Generator Market By Geography 2015-2024 ($ Million)
4. Global Power Electronics Market By Geography 2015-2024 ($ Million)
5. Global E-Brake Booster Market By Geography 2015-2024 ($ Million)
6. Global Smart E-Drivemarket By Application 2015-2024 ($ Million)
7. Global E-Axle Market By Geography 2015-2024 ($ Million)
8. Global Wheel Drive Market By Geography 2015-2024 ($ Million)
9. Global Smart E-Drive Market By Drive Type 2015-2024 ($ Million)
10. Global Front Wheel Market By Geography 2015-2024 ($ Million)
11. Global Rear Wheel Market By Geography 2015-2024 ($ Million)
12. Global Smart E-Drive Market By Commercial Vehicles  2015-2024 ($ Million)
13. Global Electric Trucks Market By Geography 2015-2024 ($ Million)
14. Global Electric Buses Market By Geography 2015-2024 ($ Million)
15. North America Smart E-Drive Market 2015-2024 ($ Million)
16. Europe Smart E-Drive Market 2015-2024 ($ Million)
17. Asia Pacific Smart E-Drive Market 2015-2024 ($ Million)
18. Rest Of World Smart E-Drive Market 2015-2024 ($ Million)
19. North America Smart E-Drive Market By Component 2015-2024 ($ Million)
20. Europe Smart E-Drive Market By Component 2015-2024 ($ Million)
21. Asia Pacific Smart E-Drive Market By Component 2015-2024 ($ Million)
22. Rest Of World Smart E-Drive Market By Component 2015-2024 ($ Million)
23. North America Smart E-Drive Market By Application 2015-2024 ($ Million)
24. Europe Smart E-Drive Market By Application 2015-2024 ($ Million)
25. Asia Pacific Smart E-Drive Market By Application 2015-2024 ($ Million)
26. Rest Of World Smart E-Drive Market By Application 2015-2024 ($ Million)
27. North America Smart E-Drive Market By Drive Type 2015-2024 ($ Million)
28. Europe Smart E-Drive Market By Drive Type 2015-2024 ($ Million)
29. Asia Pacific Smart E-Drive Market By Drive Type 2015-2024 ($ Million)
30. Rest Of World Smart E-Drive Market By Drive Type 2015-2024 ($ Million)
31. North America Smart E-Drive Market By Commercial Vehicles 2015-2024 ($ Million)
32. Europe Smart E-Drive Market By Commercial Vehicles 2015-2024 ($ Million)
33. Asia Pacific Smart E-Drive Market By Commercial Vehicles 2015-2024 ($ Million)
34. Rest Of World Smart E-Drive Market By Commercial Vehicles 2015-2024 ($ Million)
35. United States (U.S.) Smart E-Drive Market By Commercial Vehicles 2015-2024 ($ Million)
36. Canada Smart E-Drive Market By Commercial Vehicles 2015-2024 ($ Million)
37. United Kingdom (UK) Smart E-Drive Market By Commercial Vehicles 2015-2024 ($ Million)
38. France Smart E-Drive Market By Commercial Vehicles 2015-2024 ($ Million)
39. Germany Smart E-Drive Market By Commercial Vehicles 2015-2024 ($ Million)
40. Russia Smart E-Drive Market By Commercial Vehicles 2015-2024 ($ Million)
41. Roe Smart E-Drive Market By Commercial Vehicles 2015-2024 ($ Million)
42. India Smart E-Drive Market By Commercial Vehicles 2015-2024 ($ Million)
43. China Smart E-Drive Market By Commercial Vehicles 2015-2024 ($ Million)
44. Japan Smart E-Drive Market By Commercial Vehicles 2015-2024 ($ Million)
45. Australia Smart E-Drive Market By Commercial Vehicles 2015-2024 ($ Million)
46. Roapac Smart E-Drive Market By Commercial Vehicles 2015-2024 ($ Million)
47. Latin America Smart E-Drive Market By Commercial Vehicles 2015-2024 ($ Million)
48. Mena Smart E-Drive Market By Commercial Vehicles 2015-2024 ($ Million)

List Of Figures
1. Global Smart E-Drive Market 2015-2024 ($ Million)
2. Global Smart E-Drive Market By Components 2015-2024 ($ Million)
3. Global Battery Market 2015-2024 ($ Million)
4. Global Motor Generator Market 2015-2024 ($ Million)
5. Global Power Electronics Market 2015-2024 ($ Million)
6. Global E-Brake Booster Market 2015-2024 ($ Million)
7. Global Smart E-Drivemarket By Application 2015-2024 ($ Million)
8. Global E-Axle Market 2015-2024 ($ Million)
9. Global Wheel Drive Market 2015-2024 ($ Million)
10. Global Smart E-Drive Market By Drive Type 2015-2024 ($ Million)
11. Global Front Wheel Market 2015-2024 ($ Million)
12. Global Rear Wheel Market 2015-2024 ($ Million)
13. Global Smart E-Drive Market By Commercial Vehicles  2015-2024 ($ Million)
14. Global Electric Trucks Market 2015-2024 ($ Million)
15. Global Electric Buses Market 2015-2024 ($ Million)
16. United States (U.S.) Smart E-Drive Market 2015-2024 ($ Million)
17. Canada Smart E-Drive Market 2015-2024 ($ Million)
18. United Kingdom (UK) Smart E-Drive Market 2015-2024 ($ Million)
19. France Smart E-Drive Market 2015-2024 ($ Million)
20. Germany Smart E-Drive Market 2015-2024 ($ Million)
21. Russia Smart E-Drive Market 2015-2024 ($ Million)
22. Roe Smart E-Drive Market 2015-2024 ($ Million)
23. India Smart E-Drive Market 2015-2024 ($ Million)
24. China Smart E-Drive Market 2015-2024 ($ Million)
25. Japan Smart E-Drive Market 2015-2024 ($ Million)
26. Australia Smart E-Drive Market 2015-2024 ($ Million)
27. Roapac Smart E-Drive Market 2015-2024 ($ Million)
28. Latin America Smart E-Drive Market 2015-2024 ($ Million)
29. Mena Smart E-Drive Market 2015-2024 ($ Million)

Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Borgwarner (U.S.)
  • Continental Ag (Germany)
  • Daimler Ag (Germany)
  • GKN (UK)
  • Hitachi (Japan)
  • Magna (Canada)
  • MORE

Global smart e-drive market to retain a strong position till 2024 with a CAGR of 31.8%

Smart electric drive is also known as smart Fortwo electric drive that came into existence in 2007 with a series of vehicles known as “first generation” in North America. Moreover, the latest generation of smart electric drive vehicles conquered the market in August 2017.

Geographically, early adoption of smart electric drive vehicles took place in North America, especially in the U.S. For instance, Daimler AG has announced that it is discontinuing the gas powered smart vehicles and converting all the cars in smart electric cars.

Global smart electric drive market is driven by various factors that include increase in demand for fuel efficient, high performance & low emission vehicles and government incentives to promote use of electric vehicles.

According to the Consumers Union (a non-profit organization, United States), the sales of electric vehicles (EVs) crossed 1 million units in 2015 globally. Further, as per the International Energy Agency (IEA, France), total number of electric cars on the road reached more that 3 million units across the globe in 2017, with an increase of more than 50% as compared to that of 2016.

Moreover, according to the International Energy Agency’s (IEA) estimations, total number of hybrid electric vehicles across the globe have exceeded 3 million in 2017 accounting for increase of 54% from 2016 figures.

Moreover, according to IEA’s estimations, China is largest market for electric cars followed by United States. Furthermore, according to Electric Drive Transportation Association (EDTA), in 2016, globally, total hybrid electric passenger vehicle sales were 346,948 units. In addition, total plug-in passenger vehicle sales were 157,112 units (2016).

Moreover, total electric passenger vehicle sales were recorded to be 17.3 million units. Hence, such high sales of electric (low emission) vehicles tend to drive the global smart e-drive market.

Government incentives for electric vehicles is a major factor promoting global smart e-drive market growth

Governments across the globe are supporting the purchase of electric vehicles for various advantages that include low greenhouse gas emissions, reduced noise and air pollution etc. The governments provide incentives, special allowances, tax credits and others for promoting the purchase of electric vehicles.

For instance, in the U.S., the Federal Government announced tax credits (depend upon battery capacity) under American Recovery and Reinvestment Act (in a range of $2,500 to $7,500 per vehicle) on electric vehicles. In addition, tax credits are also applicable to conversion kits to retrofit conventional powered vehicle with electric vehicle capability ($4,000 per vehicle, maximum).

Other than the Federal Government, the State governments also provide special allowances on the purchase of electric vehicles.

For instance, 47 states in the U.S. provide rebate or tax benefits for HEV (hybrid electric vehicle) purchases. These include Arizona, Colorado, California, DC and others. Further, German Federal government has also announced tax allowances. This includes tax exemption on pure electric vehicles licensed before 31st December 2015 is now extended to 10 years.

Also, pure electric vehicles that will be licensed from 1st January 2016 to 31st December, 2020 will have the special allowance of tax exemption for 5 years. Moreover, Chinese government also provide rebates in vehicle registration fee and purchase tax for all types of electric vehicles such as fuel-cell, pure electric and plug-in hybrid vehicles.

Japan Government provides special allowance by not charging acquisition and tonnage tax to electric vehicles. Hence, supportive government incentives boost the adoption of electric vehicles, thereby fueling the global smart electric drive market.

Europe is expected to register fastest CAGR under smart e-drive market till 2024

High research & development spending in battery technology along with strict emission regulations and high demand of electric vehicles are the major factors attributing to the fastest growth rate of Europe over the forecast period (2016-2023).

According to EUROBAT (the Association of European Automotive and Industrial Battery Manufacturers), Europe battery manufacturing industry had an R&D budget of $870.59 Million over last 5 years (from 2012). Hence, high R&D spending on batteries is expected to aid the Europe smart electric drive market. Further, European Union has strict emission reduction initiatives that also help Europe smart electric drive market growth.

According to European Union, EU’s objective to reduce CO2 emissions by 40% up to 2030 as compared to levels of 1990 and abolishing fossil fuel cars by 2050.

Hence, the government initiatives regarding CO2 emissions is driving Europe smart electric drive market. In Paris agreement, during July 2017, the government of France declared a five-year plan to completely ban all diesel and petrol vehicles by 2040 which is expected to boost the low carbon emitting electric vehicle sales in the country.

Moreover, presence of key players such as Daimler AG (Germany) GKN (UK), Robert Bosch (Germany), Siemens (Germany), MAHLE (Germany), Continental (Germany), ZF Friedrichshafen (Germany) and others aid European smart electric drive market.

Note: Product cover images may vary from those shown
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  • Bayerische Motoren Werke Ag (Germany)
  • Borgwarner (U.S.)
  • Continental Ag (Germany)
  • Daimler Ag (Germany)
  • General Motors Company (U.S.)
  • GKN (UK)
  • Hitachi (Japan)
  • Hyundai Mobis (South Korea)
  • Magna (Canada)
  • Mahle (Germany)
  • Robert Bosch Gmbh (Germany)
  • Schaeffler (Germany)
  • Siemens (Germany)
  • Tesla Motors, Inc. (U.S.)
  • ZF Friedrichshafen  (Germany)
Note: Product cover images may vary from those shown
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