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Asia Pacific Electric Drive Unit Market
Updated On

Feb 6 2025

Total Pages

250

Asia Pacific Electric Drive Unit Market 2025 Market Trends and 2033 Forecasts: Exploring Growth Potential

Asia Pacific Electric Drive Unit Market by Vehicle Type (BEV, HEV, PHEV), by Sales Channel (OEM, Aftermarket), by Coolant (Water Glycol, Oil Based), by Asia Pacific (China, India, Japan, Australia, South Korea, Indonesia, Malaysia, Singapore, Thailand, Vietnam, Philippines, Sri Lanka) Forecast 2025-2033

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Asia Pacific Electric Drive Unit Market 2025 Market Trends and 2033 Forecasts: Exploring Growth Potential

Key Insights

The size of the Asia Pacific Electric Drive Unit Market was valued at USD 15.4 Billion in 2024 and is projected to reach USD 66.72 Billion by 2033, with an expected CAGR of 23.3% during the forecast period. The Asia Pacific Electric Drive Unit Market pertains to the expanding sector dedicated to the creation, manufacturing, and implementation of electric drive units utilized in numerous applications, such as electric vehicles (EVs), industrial equipment, and renewable energy systems. Electric drive systems, made up of electric motors, power electronics, and relevant control mechanisms, are essential for delivering efficient, low-emission propulsion in vehicles and equipment. The market is propelled by the swift embrace of electric transportation, backed by government incentives, more stringent emissions standards, and an increased focus on minimizing environmental effects throughout the Asia Pacific area. Key markets such as China, Japan, and South Korea are at the forefront, ramping up investments in EV infrastructure and advancements in battery technology. Furthermore, the growth of smart manufacturing and automation across industries increasingly drives the need for electric drive units in non-automotive sectors. With the region focusing on sustainability and technological progress, the Asia Pacific Electric Drive Unit Market is anticipated to witness considerable growth, especially within the electric vehicle and industrial markets.

Asia Pacific Electric Drive Unit Market Research Report - Market Size, Growth & Forecast

Asia Pacific Electric Drive Unit Market Concentration & Characteristics

Concentration Areas: The market is concentrated in major automotive hubs like China, Japan, and South Korea.

Innovation: Continuous advancements in battery technology, power electronics, and drive system design are driving innovation.

Regulations: Government regulations and emission norms are shaping the market, encouraging the adoption of electric drive units.

Product Substitutes: The market faces competition from traditional internal combustion engine vehicles, but increasing demand for eco-friendly solutions is diminishing their impact.

End-User Concentration: The automotive industry dominantly drives the demand for electric drive units.

M&A Activity: Strategic acquisitions and partnerships are prevalent as companies seek to expand their product portfolios and strengthen market presence.

Asia Pacific Electric Drive Unit Market Trends

  • Rising Demand for Electric Vehicles: The growing adoption of electric vehicles, particularly in China and other densely populated regions, is fueling demand for electric drive units.
  • Government Incentives and Infrastructure Development: Governments are implementing incentives, tax breaks, and charging infrastructure to promote electric vehicle adoption.
  • Technological Advancements in Batteries and Drive Systems: Research and development in battery technology and drive system efficiency are making electric vehicles more viable options.
  • Increased Awareness of Environmental Sustainability: Growing environmental concerns are driving consumer preference for eco-friendly transportation solutions, including electric vehicles.

Asia Pacific Electric Drive Unit Market Growth

Key Region or Country & Segment to Dominate the Market

Dominant Region: China, the largest automotive market in Asia Pacific, is anticipated to dominate the electric drive unit market due to government support and the growing demand for electric vehicles.

Dominant Segments: BEVs are projected to hold the largest market share, driven by technological advancements and government incentives. The OEM sales channel is expected to dominate due to the increasing production of electric vehicles by automotive manufacturers.

Asia Pacific Electric Drive Unit Market Product Insights Report Coverage & Deliverables

Market Research Future's report provides comprehensive analysis of the following:

  • Market Size and Segmentation
  • Market Trends and Dynamics
  • Key Regional and Country Markets
  • SWOT and PEST Analysis
  • Competitive Landscape
  • Industry News and Developments

Asia Pacific Electric Drive Unit Market Analysis

  • Market Size: The Asia Pacific Electric Drive Unit market was valued at USD 5.2 Billion in 2021.
  • Market Share: China accounted for over 50% market share in 2021, followed by Japan and South Korea.
  • Growth Rate: The market is estimated to grow at a CAGR of 23.3% from 2022 to 2028.

Asia Pacific Electric Drive Unit Market Regional Insights

  • Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • Indonesia
  • Malaysia
  • Singapore
  • Thailand
  • Vietnam
  • Philippines
  • Sri Lanka

Driving Forces: What's Propelling the Asia Pacific Electric Drive Unit Market

  • Government Policies and Incentives
  • Environmental Concerns
  • Technological Advancements
  • Rising Demand for Electric Vehicles

Challenges and Restraints in Asia Pacific Electric Drive Unit Market

  • High Production Costs
  • Battery Range Limitations
  • Charging Infrastructure Availability

Emerging Trends in Asia Pacific Electric Drive Unit Market

  • Integration of Artificial Intelligence
  • Development of Bi-Directional Charging Systems
  • Expansion of Battery Swapping Networks

Asia Pacific Electric Drive Unit Industry News

  • In November 2023, GKN Automotive Limited introduced a new modular electric drive unit to meet the growing demand for electric vehicles.
  • In June 2023, NIDEC CORPORATION partnered with Renesas Electronics Corporation to develop semiconductor solutions for next-generation electric vehicle drive motors.

Leading Players in the Asia Pacific Electric Drive Unit Market

Asia Pacific Electric Drive Unit Market Segmentation

  • 1. Vehicle Type
    • 1.1. BEV
    • 1.2. HEV
    • 1.3. PHEV
  • 2. Sales Channel
    • 2.1. OEM
    • 2.2. Aftermarket
  • 3. Coolant
    • 3.1. Water Glycol
    • 3.2. Oil Based

Asia Pacific Electric Drive Unit Market Segmentation By Geography

  • 1. Asia Pacific
    • 1.1. China
    • 1.2. India
    • 1.3. Japan
    • 1.4. Australia
    • 1.5. South Korea
    • 1.6. Indonesia
    • 1.7. Malaysia
    • 1.8. Singapore
    • 1.9. Thailand
    • 1.10. Vietnam
    • 1.11. Philippines
    • 1.12. Sri Lanka

Asia Pacific Electric Drive Unit Market Regional Share

Asia Pacific Electric Drive Unit Market REPORT HIGHLIGHTS

AspectsDetails
Study Period 2019-2033
Base Year 2024
Estimated Year 2025
Forecast Period2025-2033
Historical Period2019-2024
Growth RateCAGR of 23.3% from 2019-2033
Segmentation
    • By Vehicle Type
      • BEV
      • HEV
      • PHEV
    • By Sales Channel
      • OEM
      • Aftermarket
    • By Coolant
      • Water Glycol
      • Oil Based
  • By Geography
    • Asia Pacific
      • China
      • India
      • Japan
      • Australia
      • South Korea
      • Indonesia
      • Malaysia
      • Singapore
      • Thailand
      • Vietnam
      • Philippines
      • Sri Lanka
Table Of Content
  1. 1. Introduction
    • 1.1. Research Scope
    • 1.2. Market Segmentation
    • 1.3. Research Methodology
    • 1.4. Definitions and Assumptions
  2. 2. Executive Summary
    • 2.1. Introduction
  3. 3. Market Dynamics
    • 3.1. Introduction
      • 3.2. Market Drivers
        • 3.2.1 Increasing financial incentive and spending for supporting infrastructure
        • 3.2.2 Rapidly expanding EV fleet
        • 3.2.3 Prevalence of encouraging regulatory framework
      • 3.3. Market Restrains
        • 3.3.1. Fluctuations in raw material availability along with operational complexities
      • 3.4. Market Trends
  4. 4. Market Factor Analysis
    • 4.1. Porters Five Forces
    • 4.2. Supply/Value Chain
    • 4.3. PESTEL analysis
    • 4.4. Market Entropy
    • 4.5. Patent/Trademark Analysis
  5. 5. Asia Pacific Electric Drive Unit Market Analysis, Insights and Forecast, 2019-2031
    • 5.1. Market Analysis, Insights and Forecast - by Vehicle Type
      • 5.1.1. BEV
      • 5.1.2. HEV
      • 5.1.3. PHEV
    • 5.2. Market Analysis, Insights and Forecast - by Sales Channel
      • 5.2.1. OEM
      • 5.2.2. Aftermarket
    • 5.3. Market Analysis, Insights and Forecast - by Coolant
      • 5.3.1. Water Glycol
      • 5.3.2. Oil Based
    • 5.4. Market Analysis, Insights and Forecast - by Region
      • 5.4.1. Asia Pacific
  6. 6. Competitive Analysis
    • 6.1. Market Share Analysis 2024
      • 6.2. Company Profiles
        • 6.2.1 AISIN CORPORATION
          • 6.2.1.1. Overview
          • 6.2.1.2. Products
          • 6.2.1.3. SWOT Analysis
          • 6.2.1.4. Recent Developments
          • 6.2.1.5. Financials (Based on Availability)
        • 6.2.2 AVL
          • 6.2.2.1. Overview
          • 6.2.2.2. Products
          • 6.2.2.3. SWOT Analysis
          • 6.2.2.4. Recent Developments
          • 6.2.2.5. Financials (Based on Availability)
        • 6.2.3 Continental AG
          • 6.2.3.1. Overview
          • 6.2.3.2. Products
          • 6.2.3.3. SWOT Analysis
          • 6.2.3.4. Recent Developments
          • 6.2.3.5. Financials (Based on Availability)
        • 6.2.4 Danfoss
          • 6.2.4.1. Overview
          • 6.2.4.2. Products
          • 6.2.4.3. SWOT Analysis
          • 6.2.4.4. Recent Developments
          • 6.2.4.5. Financials (Based on Availability)
        • 6.2.5 ElringKlinger AG
          • 6.2.5.1. Overview
          • 6.2.5.2. Products
          • 6.2.5.3. SWOT Analysis
          • 6.2.5.4. Recent Developments
          • 6.2.5.5. Financials (Based on Availability)
        • 6.2.6 FRIWO Gerätebau GmbH
          • 6.2.6.1. Overview
          • 6.2.6.2. Products
          • 6.2.6.3. SWOT Analysis
          • 6.2.6.4. Recent Developments
          • 6.2.6.5. Financials (Based on Availability)
        • 6.2.7 GKN Automotive Limited
          • 6.2.7.1. Overview
          • 6.2.7.2. Products
          • 6.2.7.3. SWOT Analysis
          • 6.2.7.4. Recent Developments
          • 6.2.7.5. Financials (Based on Availability)
        • 6.2.8 hofer powertrain
          • 6.2.8.1. Overview
          • 6.2.8.2. Products
          • 6.2.8.3. SWOT Analysis
          • 6.2.8.4. Recent Developments
          • 6.2.8.5. Financials (Based on Availability)
        • 6.2.9 Magna International Inc.
          • 6.2.9.1. Overview
          • 6.2.9.2. Products
          • 6.2.9.3. SWOT Analysis
          • 6.2.9.4. Recent Developments
          • 6.2.9.5. Financials (Based on Availability)
        • 6.2.10 LG Magna e-Powertrain
          • 6.2.10.1. Overview
          • 6.2.10.2. Products
          • 6.2.10.3. SWOT Analysis
          • 6.2.10.4. Recent Developments
          • 6.2.10.5. Financials (Based on Availability)
        • 6.2.11 MAHLE Polska Sp. z o.o
          • 6.2.11.1. Overview
          • 6.2.11.2. Products
          • 6.2.11.3. SWOT Analysis
          • 6.2.11.4. Recent Developments
          • 6.2.11.5. Financials (Based on Availability)
        • 6.2.12 NIDEC CORPORATION
          • 6.2.12.1. Overview
          • 6.2.12.2. Products
          • 6.2.12.3. SWOT Analysis
          • 6.2.12.4. Recent Developments
          • 6.2.12.5. Financials (Based on Availability)
        • 6.2.13 Robert Bosch GmbH
          • 6.2.13.1. Overview
          • 6.2.13.2. Products
          • 6.2.13.3. SWOT Analysis
          • 6.2.13.4. Recent Developments
          • 6.2.13.5. Financials (Based on Availability)
        • 6.2.14 Schaeffler AG
          • 6.2.14.1. Overview
          • 6.2.14.2. Products
          • 6.2.14.3. SWOT Analysis
          • 6.2.14.4. Recent Developments
          • 6.2.14.5. Financials (Based on Availability)
        • 6.2.15 Siemens
          • 6.2.15.1. Overview
          • 6.2.15.2. Products
          • 6.2.15.3. SWOT Analysis
          • 6.2.15.4. Recent Developments
          • 6.2.15.5. Financials (Based on Availability)
        • 6.2.16 thyssenkrupp Automation Engineering GmbH
          • 6.2.16.1. Overview
          • 6.2.16.2. Products
          • 6.2.16.3. SWOT Analysis
          • 6.2.16.4. Recent Developments
          • 6.2.16.5. Financials (Based on Availability)
        • 6.2.17 TMEIC Corporation.
          • 6.2.17.1. Overview
          • 6.2.17.2. Products
          • 6.2.17.3. SWOT Analysis
          • 6.2.17.4. Recent Developments
          • 6.2.17.5. Financials (Based on Availability)
        • 6.2.18 Vitesco Technologies GmbH
          • 6.2.18.1. Overview
          • 6.2.18.2. Products
          • 6.2.18.3. SWOT Analysis
          • 6.2.18.4. Recent Developments
          • 6.2.18.5. Financials (Based on Availability)
        • 6.2.19 Voith GmbH & Co. KGaA
          • 6.2.19.1. Overview
          • 6.2.19.2. Products
          • 6.2.19.3. SWOT Analysis
          • 6.2.19.4. Recent Developments
          • 6.2.19.5. Financials (Based on Availability)
List of Figures
  1. Figure 1: Asia Pacific Electric Drive Unit Market Revenue Breakdown (Billion, %) by Product 2024 & 2032
  2. Figure 2: Asia Pacific Electric Drive Unit Market Share (%) by Company 2024
List of Tables
  1. Table 1: Asia Pacific Electric Drive Unit Market Revenue Billion Forecast, by Region 2019 & 2032
  2. Table 2: Asia Pacific Electric Drive Unit Market Volume K Tons Forecast, by Region 2019 & 2032
  3. Table 3: Asia Pacific Electric Drive Unit Market Revenue Billion Forecast, by Vehicle Type 2019 & 2032
  4. Table 4: Asia Pacific Electric Drive Unit Market Volume K Tons Forecast, by Vehicle Type 2019 & 2032
  5. Table 5: Asia Pacific Electric Drive Unit Market Revenue Billion Forecast, by Sales Channel 2019 & 2032
  6. Table 6: Asia Pacific Electric Drive Unit Market Volume K Tons Forecast, by Sales Channel 2019 & 2032
  7. Table 7: Asia Pacific Electric Drive Unit Market Revenue Billion Forecast, by Coolant 2019 & 2032
  8. Table 8: Asia Pacific Electric Drive Unit Market Volume K Tons Forecast, by Coolant 2019 & 2032
  9. Table 9: Asia Pacific Electric Drive Unit Market Revenue Billion Forecast, by Region 2019 & 2032
  10. Table 10: Asia Pacific Electric Drive Unit Market Volume K Tons Forecast, by Region 2019 & 2032
  11. Table 11: Asia Pacific Electric Drive Unit Market Revenue Billion Forecast, by Vehicle Type 2019 & 2032
  12. Table 12: Asia Pacific Electric Drive Unit Market Volume K Tons Forecast, by Vehicle Type 2019 & 2032
  13. Table 13: Asia Pacific Electric Drive Unit Market Revenue Billion Forecast, by Sales Channel 2019 & 2032
  14. Table 14: Asia Pacific Electric Drive Unit Market Volume K Tons Forecast, by Sales Channel 2019 & 2032
  15. Table 15: Asia Pacific Electric Drive Unit Market Revenue Billion Forecast, by Coolant 2019 & 2032
  16. Table 16: Asia Pacific Electric Drive Unit Market Volume K Tons Forecast, by Coolant 2019 & 2032
  17. Table 17: Asia Pacific Electric Drive Unit Market Revenue Billion Forecast, by Country 2019 & 2032
  18. Table 18: Asia Pacific Electric Drive Unit Market Volume K Tons Forecast, by Country 2019 & 2032
  19. Table 19: China Asia Pacific Electric Drive Unit Market Revenue (Billion) Forecast, by Application 2019 & 2032
  20. Table 20: China Asia Pacific Electric Drive Unit Market Volume (K Tons) Forecast, by Application 2019 & 2032
  21. Table 21: India Asia Pacific Electric Drive Unit Market Revenue (Billion) Forecast, by Application 2019 & 2032
  22. Table 22: India Asia Pacific Electric Drive Unit Market Volume (K Tons) Forecast, by Application 2019 & 2032
  23. Table 23: Japan Asia Pacific Electric Drive Unit Market Revenue (Billion) Forecast, by Application 2019 & 2032
  24. Table 24: Japan Asia Pacific Electric Drive Unit Market Volume (K Tons) Forecast, by Application 2019 & 2032
  25. Table 25: Australia Asia Pacific Electric Drive Unit Market Revenue (Billion) Forecast, by Application 2019 & 2032
  26. Table 26: Australia Asia Pacific Electric Drive Unit Market Volume (K Tons) Forecast, by Application 2019 & 2032
  27. Table 27: South Korea Asia Pacific Electric Drive Unit Market Revenue (Billion) Forecast, by Application 2019 & 2032
  28. Table 28: South Korea Asia Pacific Electric Drive Unit Market Volume (K Tons) Forecast, by Application 2019 & 2032
  29. Table 29: Indonesia Asia Pacific Electric Drive Unit Market Revenue (Billion) Forecast, by Application 2019 & 2032
  30. Table 30: Indonesia Asia Pacific Electric Drive Unit Market Volume (K Tons) Forecast, by Application 2019 & 2032
  31. Table 31: Malaysia Asia Pacific Electric Drive Unit Market Revenue (Billion) Forecast, by Application 2019 & 2032
  32. Table 32: Malaysia Asia Pacific Electric Drive Unit Market Volume (K Tons) Forecast, by Application 2019 & 2032
  33. Table 33: Singapore Asia Pacific Electric Drive Unit Market Revenue (Billion) Forecast, by Application 2019 & 2032
  34. Table 34: Singapore Asia Pacific Electric Drive Unit Market Volume (K Tons) Forecast, by Application 2019 & 2032
  35. Table 35: Thailand Asia Pacific Electric Drive Unit Market Revenue (Billion) Forecast, by Application 2019 & 2032
  36. Table 36: Thailand Asia Pacific Electric Drive Unit Market Volume (K Tons) Forecast, by Application 2019 & 2032
  37. Table 37: Vietnam Asia Pacific Electric Drive Unit Market Revenue (Billion) Forecast, by Application 2019 & 2032
  38. Table 38: Vietnam Asia Pacific Electric Drive Unit Market Volume (K Tons) Forecast, by Application 2019 & 2032
  39. Table 39: Philippines Asia Pacific Electric Drive Unit Market Revenue (Billion) Forecast, by Application 2019 & 2032
  40. Table 40: Philippines Asia Pacific Electric Drive Unit Market Volume (K Tons) Forecast, by Application 2019 & 2032
  41. Table 41: Sri Lanka Asia Pacific Electric Drive Unit Market Revenue (Billion) Forecast, by Application 2019 & 2032
  42. Table 42: Sri Lanka Asia Pacific Electric Drive Unit Market Volume (K Tons) Forecast, by Application 2019 & 2032

STEP 1 - Identification of Relevant Samples Size from Population Database

Step Chart
bar chart
method chart

STEP 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)

approach chart
Top-down and bottom-up approaches are used to validate the global market size and estimate the market size for manufactures, regional segemnts, product and application.

Note* : In applicable scenarios

STEP 3 - Data Sources

Primary Research

  • Web Analytics
  • Survey Reports
  • Research Institute
  • Latest Research Reports
  • Opinion Leaders

Secondary Research

  • Annual Reports
  • White Paper
  • Latest Press Release
  • Industry Association
  • Paid Database
  • Investor Presentations
approach chart

STEP 4 - Data Triangulation

Involves using different sources of information in order to increase the validity of a study

These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.

Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.

During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence

Additionally after gathering mix and scattered data from wide range of sources, data is triangull- ated and correlated to come up with estimated figures which are further validated through primary mediums, or industry experts, opinion leader.

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