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AUTOMOTIVE & TRANSPORTATION

Drive Assy Market Segmentation by Component (Chain & Sprocket, Gear and Pinion, Converters, Motors, Couplings, and Others); by Distribution Channel (OEM, and Aftermarket); and by End-Use Industry (Automotive, Metals & Heavy Machinery, Food & Beverage, Healthcare, Logistics, Aviation, Automation & Robotics, E-Commerce, and Others) – Global Demand Analysis & Opportunity Outlook 2020-2030

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Extensive insights into the Growth of Drive Assy Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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IN THE NEWS

  • August 4, 2021: BorgWarner Inc. announced that it would deliver its integrated drive module (iDM), iDM220, which is a high-performance electric drive system that operates at 400V, to a Chinese brand which deals with luxury New Energy Vehicle (NEV). The production for this business is scheduled for Q1 2023.

Global Drive Assy Market Highlights Over 2020 - 2030

The global drive assy market is estimated to garner a revenue of USD 1596.8 Million by the end of 2030, by growing at a CAGR of 3.95% over the forecast period, i.e., 2021 – 2030. Besides this, the market garnered a revenue of USD 1089.3 Million in the year 2020. Drive assy, also known as drive assembly, play a very important role in the wheel drive mechanism in vehicles. The component is also used widely in consumer appliances, such as washing machines. The growth of the market can primarily be attributed to the growing demand for electric vehicles worldwide and the surge in adoption of automated guided vehicles (AGVs). According to the statistics by the International Energy Agency (IEA), electric car sales in the year 2019 stood to 2.1 Million. This represented a growth by 6% from the previous year. The demand for AGVs have grown significantly over the past few years. This can be attributed to the growing e-commerce industry, surge in advancements in vehicle technology, and the increasing adoption of Industry 4.0 practices. The adoption of AGVs is also growing on account of the surge in advancements in sensors and vision technology, and for the rising need amongst warehouse owners to increase their productivity.

Drive Assy Graph

Global Drive Assy Market Regional Synopsis

Regionally, the global drive assy market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in the Asia Pacific region is projected to display significant growth opportunities and also hold the highest market share during the forecast period. In the year 2020, the market in the region garnered a revenue of USD 521.8 Million, and is further expected to garner USD 791.7 Million by the end of 2030 by growing with the highest CAGR of 4.31% during the forecast period. The market in the region is segmented by country into India, China, Japan, South Korea, Australia, and the Rest of Asia Pacific. Out of these, the market in China is expected to garner the largest revenue of USD 346.5 Million by the end of 2030, up from USD 228.2 Million in 2020. The growth of the market in the country can primarily be attributed to the growing sales of electric vehicles, new energy vehicles, and alternative energy vehicles. For instance, the sales of new energy passenger vehicles in the country is expected to touch close to 8 Million units by the end of 2025.  CLICK TO DOWNLOAD SAMPLE REPORT

The study further incorporates Y-O-Y Growth, market opportunities, demand & supply and forecast future opportunity in North America (United States, Canada, Mexico), South America, Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX [Belgium, Netherlands, Luxembourg], NORDIC [Norway, Denmark, Sweden, Finland], Poland, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa).

Growth Drivers and Challenges Impacting the Growth of the Global Drive Assy Market

Growth Drivers

  • Rapidly Growing Demand for Electric Vehicles
  • Surge in Adoption of Automated Guided Vehicles (AGVs)

Challenges

  • Declining Production Rate of Vehicles

Global Drive Assy Market Segmentation Synopsis

The global drive assy market is segmented by component into chain & sprocket, gear & pinion, converters, motors, couplings, and others. Out of these, the gear & pinion segment is anticipated to hold the highest market share during the forecast period and further attain the largest revenue of USD 520.3 Million by the end of 2030, up from USD 328.0 Million in 2020. The segment is also anticipated to grow with the highest CAGR of 4.78% during the forecast period. On the basis of distribution channel, the market is segmented into OEM and aftermarket. Out of these segments, the OEM segment registered the highest market share in the year 2020 and is further projected to retain this position throughout the forecast period. The aftermarket segment, on the other hand, is projected to grow with the highest CAGR of 4.61% during the forecast period. Further, the market is segmented by end-use industry into automotive, metals & heavy machinery, food & beverages, healthcare, logistics, aviation, automation & robotics, e-commerce, and others. The automotive segment, amongst all the other segments, is projected to attain the largest market revenue of USD 565.9 Million by the end of 2030 by growing with a CAGR of 4.20% during the forecast period.

Key Companies Dominating the Market

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global drive assy market that are included in our report are ABB, Robert Bosch GmbH, ThyssenKrupp AG, Continental AG, BorgWarner Inc., AISIN CORPORATION, ZF Friedrichshafen AG, DENSO Corporation, General Motors, and others.

Key Reasons to Buy Our Report

  • The report covers detailed analysis comprising market share attained by each market segment and its sub-segments.
  • It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis and challenges that impact the market growth.
  • The report includes detailed company profiles of the major players dominating the market.
  • We use effective research methodologies to calculate the market numbers and provide value-added assessment for overall growth.
  • We provide customized reports as per the clients’ requirement helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goal.

FREQUENTLY ASKED QUESTIONS

  1. Market Definition and Research Methodology
    1. Market Definition and Segmentation
    2. Assumptions and Acronyms
    3. Research Objective
    4. Research Methodology
  2. Executive Summary
  3. Value Chain Analysis
    1. Key Players in the value chain
  4. Market Dynamics
    1. Drivers
    2. Restraints
    3. Opportunities
    4. Trends
  5. Use Case Analysis – Automated Guided Vehicle
    1. Analysis on Drive Assy in Automated Guided Vehicle
    2. Region Wise Market Share Analysis
  6. Industry Analysis
    1. Regulatory and Standards Landscape
    2. Industry Risk Analysis
    3. Impact of COVID-19
  7. Competitive Landscape
    1. Market Share Analysis, 2020
    2. Competitive Benchmarking
    3. Comparative Analysis
    4. Company Profiles
      1. ABB
      2. Robert Bosch GmbH
      3. ThyssenKrupp AG
      4. Continental AG
      5. BorgWarner Inc.
      6. AISIN CORPORATION
      7. ZF Friedrichshafen AG
      8. DENSO Corporation
      9. General Motors
  8. Global Drive Assy Market
    1. Market Overview – Market Size (2020–2030)
    2. Market Segmentation by:
      1. Component
        1. Chain and Sprocket, 2020-2030 (in USD Million)
        2. Gear and Pinion, 2020-2030 (in USD Million)
        3. Converters, 2020-2030 (in USD Million)
        4. Motors, 2020-2030 (in USD Million)
        5. Coupling, 2020-2030 (in USD Million)
        6. Others, 2020-2030 (in USD Million)
      2. Distribution Channel
        1. OEMs, 2020-2030 (in USD Million)
        2. Aftermarket, 2020-2030 (in USD Million)
      3. End-Use Industry
        1. Automotive, 2020-2030 (in USD Million)
        2. Metals & Heavy Machinery, 2020-2030 (in USD Million)
        3. Food & Beverages, 2020-2030 (in USD Million)
        4. Healthcare,2020-2030 (in USD Million)
        5. Logistics, 2020-2030 (in USD Million)
        6. Aviation, 2020-2030 (in USD Million)
        7. Automation & Robotics (in USD Million)
        8. E-commerce, (in USD Million)
        9. Others, 2020-2030 (in USD Million)
      4. Region
        1. North America, 2020-2030 (in USD Million)
        2. Europe, 2020-2030 (in USD Million)
        3. Asia Pacific, 2020-2030 (in USD Million)
        4. Latin America, 2020-2030 (in USD Million)
        5. Middle East and Africa, 2020-2030 (in USD Million)
  9. North America Drive Assy Market
    1. Market Overview – Market Size (2020–2030)
    2. Market Segmentation by:
      1. Component
        1. Chain and Sprocket, 2020-2030 (in USD Million)
        2. Gear and Pinion, 2020-2030 (in USD Million)
        3. Converters, 2020-2030 (in USD Million)
        4. Motors, 2020-2030 (in USD Million)
        5. Coupling, 2020-2030 (in USD Million)
        6. Others, 2020-2030 (in USD Million)
      2. Distribution Channel
        1. OEMs, 2020-2030 (in USD Million)
        2. Aftermarket, 2020-2030 (in USD Million)
      3. End-Use Industry
        1. Automotive, 2020-2030 (in USD Million)
        2. Metals & Heavy Machinery, 2020-2030 (in USD Million)
        3. Food & Beverages, 2020-2030 (in USD Million)
        4. Healthcare,2020-2030 (in USD Million)
        5. Logistics, 2020-2030 (in USD Million)
        6. Aviation, 2020-2030 (in USD Million)
        7. Automation & Robotics (in USD Million)
        8. E-commerce, (in USD Million)
        9. Others, 2020-2030 (in USD Million)
      4. Country
        1. US, 2020-2030 (in USD Million)
        2. Canada, 2020-2030 (in USD Million)
  10. Europe Drive Assy Market
    1. Market Overview – Market Size (2020–2030)
    2. Market Segmentation by:
      1. Component
      2. Distribution Channel
      3. End-Use Industry
      4. Country
        1. Germany, 2020-2030 (in USD Million)
        2. UK, 2020-2030 (in USD Million)
        3. France, 2020-2030 (in USD Million)
        4. Italy, 2020-2030 (in USD Million)
        5. Spain, 2020-2030 (in USD Million)
        6. Russia, 2020-2030 (in USD Million)
        7. Rest of Europe, 2020-2030 (in USD Million)
  11. Asia Pacific Drive Assy Market
    1. Market Overview – Market Size (2020–2030)
    2. Market segmentation by:
      1. Component
      2. Distribution Channel
      3. End-Use Industry
      4. Country
        1. India, 2020-2030 (in USD Million)
        2. China, 2020-2030 (in USD Million)
        3. Japan, 2020-2030 (in USD Million)
        4. South Korea, 2020-2030 (in USD Million)
        5. Australia, 2020-2030 (in USD Million)
        6. Rest of Asia Pacific, 2020-2030 (in USD Million)
  12. Latin America Drive Assy Market
    1. Market Overview – Market Size (2020–2030)
    2. Market segmentation by:
      1. Component
      2. Distribution Channel
      3. End-Use Industry
      4. Country
        1. Brazil, 2020-2030 (in USD Million)
        2. Mexico, 2020-2030 (in USD Million)
        3. Argentina, 2020-2030 (in USD Million)
        4. Rest of Latin America, 2020-2030 (in USD Million)
  13. Middle East & Africa Drive Assy Market
    1. Market Overview – Market Size (2020–2030)
    2. Market segmentation by:
      1. Component
      2. Distribution Channel
      3. End-Use Industry
      4. Country
        1. GCC, 2020-2030 (in USD Million)
        2. Israel, 2020-2030 (in USD Million)
        3. South Africa, 2020-2030 (in USD Million)
        4. Rest of Middle East & Africa, 2020-2030 (in USD Million)

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