Global Hybrid and Electric Vehicle Integrated Drive Unit Market 2020-2024

Global Hybrid And Electric Vehicle Integrated Drive Unit Market 2020-2024
Researcher has been monitoring the hybrid and electric vehicle integrated drive unit market and it is poised to grow by 7.68 mn units during 2020-2024 progressing at a CAGR of 57% during the forecast period. Our reports on hybrid and electric vehicle integrated drive unit market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the increasing government support to promote EVs, cost reduction achieved through adoption of IDU and ability of IDU in making EVs more efficient through weight reduction. In addition, increasing government support to promote EVs is anticipated to boost the growth of the market as well.
The hybrid and electric vehicle integrated drive unit market analysis includes application segment and geographical landscapes
Researcher's hybrid and electric vehicle integrated drive unit market is segmented as below:

By Application

• BEVs
• HEVs
By Geographic Landscapes
• APAC
• North America
• Europe
• South America
• MEA
This study identifies the 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. Also, growing popularity of fully IDU and backward integration by EV manufacturers to produce in-house electric powertrains will lead to sizable demand in the market.
"Researcher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our hybrid and electric vehicle integrated drive unit market covers the following areas:
• Hybrid and electric vehicle integrated drive unit market sizing
• Hybrid and electric vehicle integrated drive unit market forecast
• Hybrid and electric vehicle integrated drive unit market industry analysis"
Researcher's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading hybrid and electric vehicle integrated drive unit market vendors that include 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. Also, the hybrid and electric vehicle integrated drive unit market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Researcher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Researcher's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.