New Study from StrategyR Highlights a 4.4 Million Units Global Market for Hybrid and Electric Vehicle Integrated Drive Unit by 2026

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Oct 14, 2021, 10:05 ET

SAN FRANCISCO, Oct. 14, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Hybrid and Electric Vehicle Integrated Drive Unit - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

Global Market for Hybrid and Electric Vehicle Integrated Drive Unit

FACTS AT A GLANCE
Edition: 7; Released: April 2021
Executive Pool: 14499
Companies: 43 - Players covered include BorgWarner, Inc.; Bosch Mobility Solutions; Continental AG; GKN PLC; Siemens AG; ZF Friedrichshafen AG and Others.
Coverage: All major geographies and key segments
Segments: Application (Fully Electric Vehicles, Hybrid Electric Vehicles)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

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ABSTRACT-

Global Hybrid and Electric Vehicle Integrated Drive Unit Market to Reach 4.4 Million Units by 2026
Amid the COVID-19 crisis, the global market for Hybrid and Electric Vehicle Integrated Drive Unit estimated at 3.7 Million Units in the year 2020, is projected to reach a revised size of 4.4 Million Units by 2026, growing at a CAGR of 3% over the analysis period. Fully Electric Vehicles, one of the segments analyzed in the report, is projected to record a 2.8% CAGR and reach 2.9 Million Units by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Hybrid Electric Vehicles segment is readjusted to a revised 3.2% CAGR for the next 7-year period.

The U.S. Market is Estimated at 1.1 Million Units in 2021, While China is Forecast to Reach 794.4 Thousand Units by 2026
The Hybrid and Electric Vehicle Integrated Drive Unit market in the U.S. is estimated at 1.1 Million Units in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of 794.4 Thousand Units by the year 2026 trailing a CAGR of 2.8% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.7% and 2.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3% CAGR. More

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About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]

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SOURCE Global Industry Analysts, Inc.