Hybrid and Electric Vehicle Integrated Drive Unit Market- Roadmap for Recovery from COVID-19 | Increasing Government Support to Promote EVs to boost the Market Growth | Technavio
LONDON--(BUSINESS WIRE)--Sep 28, 2020--
Technavio has been monitoring the hybrid and electric vehicle integrated drive unit market and it is poised to grow by 7.68 million units during 2020-2024, progressing at a CAGR of over 57% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global Hybrid and Electric Vehicle Integrated Drive Unit Market 2020-2024 (Graphic: Business Wire)
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Frequently Asked Questions-
- What are the major trends in the market?
- Growing adoption of hybrid commercial vehicles is one of the major trends in the market.
- At what rate is the market projected to grow?
- Growing at a CAGR of over 57%, the incremental growth of the market is anticipated to be 7.68 million units.
- Who are the top players in the market?
- 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. are some of the major market participants.
- What are the key market drivers and challenges?
- Increasing government support to promote EVs is one of the major factors driving the market. However, the high total cost of ownership (TCO) for EVs restraints the market growth.
- How big is the APAC market?
- The APAC region will contribute 55% of market growth.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. 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 are some of the major market participants. The increasing government support to promote EVs will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Hybrid and Electric Vehicle Integrated Drive Unit Market 2020-2024: Segmentation
Hybrid and Electric Vehicle Integrated Drive Unit Market is segmented as below:
- North America
- South America
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Hybrid and Electric Vehicle Integrated Drive Unit Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The hybrid and electric vehicle integrated drive unit market report covers the following areas:
- Hybrid and Electric Vehicle Integrated Drive Unit Market Size
- Hybrid and Electric Vehicle Integrated Drive Unit Market Trends
- Hybrid and Electric Vehicle Integrated Drive Unit Market Analysis
This study identifies growing adoption of hybrid commercial vehicles as one of the prime reasons driving the hybrid and electric vehicle integrated drive unit market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Hybrid and Electric Vehicle Integrated Drive Unit Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist hybrid and electric vehicle integrated drive unit market growth during the next five years
- Estimation of the hybrid and electric vehicle integrated drive unit market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the hybrid and electric vehicle integrated drive unit market
- 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
Table of Contents:
- Market Overview
- Market ecosystem
- Value chain analysis
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019-2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Application
- Market segments
- Comparison by Application
- BEVs - Market size and forecast 2019-2024
- HEVs - Market size and forecast 2019-2024
- Market opportunity by Application
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2019-2024
- North America - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
- Five forces summary
- Landscape disruption
- Vendors covered
- Market positioning of vendors
- BorgWarner Inc.
- Continental AG
- FEV Group GmbH
- Hitachi Ltd.
- Magna International Inc.
- Meidensha Corp.
- Melrose Industries Plc
- Meritor Inc.
- Robert Bosch GmbH
- Siemens AG
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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INDUSTRY KEYWORD: GENERAL AUTOMOTIVE OTHER AUTOMOTIVE AUTOMOTIVE ALTERNATIVE VEHICLES/FUELS
SOURCE: Technavio Research
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PUB: 09/28/2020 10:30 PM/DISC: 09/28/2020 10:30 PM