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The size of the worldwide EV powertrain market which is estimated at US$ 10,470.6 million in 2022, is anticipated to register a CAGR of 24% from 2023 to 2033. By following this impressive growth rate the total valuation is anticipated to reach US$ 112,036 million by the end of 2033. EV powertrain refers to the components that are responsible for generating and transmitting power in electric vehicles. It includes the electric motor, battery pack, power electronics, and transmission system. The growth of EV powertrain is directly linked to the adoption of electric vehicles. The increasing demand for electric buses and trucks is also expected to drive the growth of the electric powertrain market. Electric buses and trucks require a more powerful and efficient powertrain system to support their heavy-duty operations. Since conventional fuel cars are anticipated to become less common in the next years, EVs are the way of the future automobile industry. In addition, the adoption of e-mobility and resistance to transportation powered by internal combustion engines are growing and promoting the EV powertrain market opportunities. Moreover, the introduction of EV portfolios and anticipated investments in the EV industry are likely to speed up the changeover. Key Takeaways Owing to the presence of many key players in the United States, currently, this country leads the global market in sales of EV powertrains. As it generated a revenue of around US$ 1,057.5 million, it was figured out to have captured 10.1% of the global market. Germany led the European region in the production of EV powertrains by generating revenue of around US$ 1,005 million in the year 2022. This value was nearly 9.6% of the revenue generated globally, making it the second leading region followed by the United States. However, the United Kingdom has come into the picture these days for its remarkable increase in demand for EV powertrains. Based on the global EV powertrain market statistics, the United Kingdom is poised to register a 19.6% CAGR over the forecast years. In the Asia Pacific region, China leads in production as well as the supply of EV powertrains around the world. This country is further projected to hold the dominant position in the coming days by registering a growth rate of 21.3% through 2033. Contrarily, India remains the most notable region for witnessing rapid expansion in the adoption of EV powertrains these years. With an annual growth rate of 25.4%, the sales of EV powertrains in India are poised to grow faster than in other countries. Among the different types of components, motors generate the maximum share of the revenue generated by the overall market. The motor segment is anticipated to contribute US$ 51,312.5 million of the total revenue share of the global EV powertrain market in 2033. Competitive Landscape for the Market The top 10 global ev powertrain manufacturers are Robert Bosch GmbH, Continental AG, Magna International Inc., Mitsubishi Electric Corporation, ZF Friedrichshafen AG, BorgWarner Inc., Valeo SE, Hitachi Automotive Systems, NXP Semiconductors. The top EV powertrain companies are taking part in M&A activity to solidify their position in the industry that is expanding quickly. For instance, in December 2019, Weichai Power Corporation bought Aradex AG. Dana Inc. followed by acquiring Nordesa Inc. Recent Developments In July 2019, LG Electronics and Magna International establish a strategic alliance to develop EVs. The transfer agreement has been formally signed by both firms to establish a unit by the name LG Magna e-powertrain in South Korea. FEV Europe GmbH is a leader in automobile powertrain software and component development. It signed an extended contract with electric powertrain supplier Hyliion in July 2021. In June 2021, a separate powertrain production division was launched by Xos. Inc. which is an electric class 5-8 vehicle manufacturer. In the off-highway, commercial, and industrial segments, the new subsidiary is expected to provide Xos, and powertrain technologies, besides designing and integrating experience with other OEMs. For more information: https://www.futuremarketinsights.com/reports/ev-powertrain-market

The global automotive wheel bearing aftermarket is set to witness an impressive growth rate of 4% over the forecasted years of 2022 to 2032. The contact market size is anticipated to reach a valuation of around US$ 58.8 Billion by the end of year 2032 from the current valuation of US$ 39.75 Billion in 2022. The worldwide growth of the automobile sector can be regarded as the major factor having a strong positive impact on the aftermarket for automotive wheel bearings. The manufacturing of passenger, luxury, commercial, and other types of cars is also increasing, which is causing a significant increase in demand for automobile wheel bearings across all nations. Ball bearings and taper roller bearings are the two bearing types often used in passenger automobiles. Additionally, they change based on the application and load. The heavy demands placed on a wheel hubs car are growing due to expanding transit volumes, improved performance, and altered driving habits. On a different dimension, as automated driving systems are entirely controlled by sensors, there is a strong demand for automotive wheel bearing in this industry as well. As ball thrust bearings are often employed for low speed, non-precision applications, they are needed for mostly in agriculture and transport vehicles as typically these run comparatively at low speeds in the fields. This type of automotive ball bearings support axial stresses in both directions when used in back-to-back pairs. The need for tapered roller bearings is also anticipated to increase more in the next years as the automotive sector is anticipated to expand. For more information: https://www.futuremarketinsights.com/reports/automotive-wheel-bearing-aftermarket Key Takeaways from Automotive Wheel Bearing Aftermarket Study The overall growth of the global automotive wheel bearing aftermarket is estimated to be around US$ 19 Billion over next ten forecast years ending in 2032, by following the global CAGR of 4%. According to the different end use applications of automotive wheel bearing, the segment with the fastest-growing vehicle type by far is the passenger automobile. As in automobile industry, there has been an impressive growth in demand for thrust bearings in last couple of years. On the basis of components, the automotive wheel bearing aftermarket is now led by tapered roller bearing, and this position is expected to hold during the projected period. South Asia and Pacific countries are the dominating markets for the sales of automotive wheel bearing with growing volume of automobile market. Competitive Landscape for the Global Automotive Wheel Bearing Aftermarket Some of the well-known contact automotive wheel bearing aftermarket players are Federal – Mogul Corporation (Tennenco Inc.), Schaeffler AG, Mahle GmbH, Continental AG, The Timken Company, NSK Ltd., JTEKT Corp, NTN Corporation, Rheinmetall AG, NRB Bearings Ltd., Nachi – Fujikoshi Corp., MinebeaMitsumi Inc., and Wafangdian Bearing Group Corporation among others. As the automotive market is well developed in almost all parts of the world so the automotive wheel bearing market is highly fragmented. Thus mergers and acquisitions are a very common feature in this sector. For instance, Drake Manufacturing Services. Co. LLC was bought by CW Bearings USA, Inc. in the year 2017. The business was able to join the Machine Tools sector thanks to the purchase. Shortly after, the global market saw the acquisition of ABC Bearings Ltd., an Indian manufacturer of conical or tappered, circular or round roller bearings as well as slewing rings, by Timken India Ltd, which is a division of The Timken Company.

By the end of the year 2033, the overall valuation of the global Electric Vehicle Charger Market Size is expected to be around US$ 68,967.2 million. In response to the ongoing escalation in the cost of gasoline and diesel, there are greater sales of fuel-efficient automobiles like BEVs and HEVS. The depletion of fossil fuel sources and the rising propensity of businesses to maximize profit from these oil reserves are to blame for this. Therefore, these factors increase the need for cutting-edge EV charging technology, resulting in a rise in the popularity of electrically driven automobiles. Electric Vehicle (EV) chargers, also known as Electric Vehicle Supply Equipment (EVSE), are devices that allow EVs to recharge their batteries. There are three main types of EV chargers: Level 1, Level 2, and DC fast chargers. Level 1 chargers use a standard household outlet and provide the slowest charging speeds, while Level 2 chargers provide faster charging speeds and require a 240-volt outlet. DC fast chargers provide the fastest charging speeds and are typically used for long-distance travel. Furthermore, the market for EV chargers is expected to be driven by the growing demand for commercial and public charging stations. With the increase in EV adoption, there is a need for more charging infrastructure in public places such as parking garages, airports, and shopping centers. Additionally, businesses are also installing charging stations in their parking lots to cater to employees and customers who own EVs. Key Takeaways Germany holds an overall market share of 11.2% of the global EV charger business, which is higher than any other country. With the presence of some of the leading electric vehicle suppliers, it is poised to hold its dominance in the coming days. The United States follows Germany in the production and sales of EV chargers, and contributes nearly 9.6% of the global revenue share. Significant expenditure by the key EV charger market players in research and development is poised to keep it a market leader in this sector. In the Asia Pacific region, China is the leading manufacturer of chargers for electric vehicles and is poised to grow at 20.8% on an annual basis. Meanwhile, India is anticipated to witness a year-on-year growth rate of 26.6% during the period from 2023 to 2033. Based on vehicle type, battery-operated electric vehicles (BEVs) generate the most amount of demand for EV chargers around the world. In the year 2022, this market segment contributed revenue of around US$ 2,350 million, which was figured out to be 45.8% of the global EV charger market size. Japan is also a prominent market, with substantial demand for EV chargers owing to the presence of many EV manufacturing companies. The overall value of the Japan EV charger market is expected to reach US$ 413.8 million by 2033. For more information: https://www.futuremarketinsights.com/reports/ev-charger-market Competitive Landscape Key players operating in the global EV charger market are ABB Ltd., Robert Bosch GmbH, Siemens AG, Delphi Automotive, Chroma ATE, Aerovironment Inc., Silicon Laboratories, bp pulse, Schaffner Holding AG, and POD point among others. Due to the existence of multiple market entities, the global EV charger industry is fairly fragmented and is getting more competitive each year. Also, for enhancing their market positions and expanding their shares, the leading players are consistently engaged in a variety of R&D initiatives. Other strategies include partnerships, buyouts, acquisitions, cooperation, new product introductions, and many others. Recent Developments BorgWarner Inc. finalized acquiring Delphi Technologies Company in the year 2020. The EV power electronics products, including the EV charger business of BorgWarner, are expected to benefit from the merger with Delphi Technologies. According to an agreement between Enel X, Be Charge, and Eni Apps in December 2021, customers can utilize their smartphones to access charging stations.

During the projection period, the electric bike market are anticipated to grow at a CAGR of 10%. The electric bike market is expected to grow from US$ 52.05 Billion in 2022 to US$ 122.1 Billion by 2032. Electric bikes, also known as e-bikes, are bicycles with electric motors that assist with pedaling. They are becoming increasingly popular due to their many benefits, including: Increased speed and efficiency: The electric motor allows riders to travel faster and with less effort, making e-bikes a more efficient mode of transportation. Reduced environmental impact: E-bikes produce fewer emissions than cars, making them a more eco-friendly transportation option. Cost savings: E-bikes are generally less expensive to purchase and maintain than cars, making them a cost-effective transportation option. The e-bike market is expected to increase as a result of a number of factors, including the implementation of government legislation to encourage the adoption of electric bikes and customer preference for utilising e-bikes as an eco-friendly and efficient commute alternative. Customers are more likely to use low- or no-carbon-dioxide alternatives to public transit. It is predicted that the growing demand for electric bikes in the transportation sector in both developed and developing countries would present a plethora of potential prospects for the market participants. Furthermore, e-bikes can aid in easing traffic congestion because of their smaller size, increased range on a single charge, and advantageous impacts on health. These factors are expected to cause the sales of electric bikes to increase over the course of the forecast period. Profitable revenue streams are being generated for key players as the use of lighter, longer-lasting e-bikes increases. To fulfil the different needs of riders on their daily urban commute, electric bike manufacturers are likewise expanding their variety of cars with varying mileage and features. Additionally, a rise in fuel prices and a surge in interest in cycling as a sport and leisure activity are expected to enhance sales of electric bikes. Request a Sample of this Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-4683 Key Takeaways from Electric bike Market With a CAGR of 3.2% over the forecast period, pedestals are predicted to be the most popular product category in the electric bike market. The lead-based battery type sector holds a commanding share of more than 85% in the electric bike industry. Battery-powered bikes are anticipated to experience a significant sales surge during the projected period, dominating the demand for electric bikes. Due to the high prevalence of two-wheelers, APEJ is the largest market for electric bikes. During the projected period, the electric bike market is expected to rise at a robust CAGR of 3.2% and create a US$ 6.1 Bn growth opportunity. Electric bike sales in the EU are projected to reach 13.1 million units by 2032, with 60% of those bikes being produced in Europe. The electric bike market in North America is expected to grow rapidly. “Due to the rising consumer trend toward environmentally friendly modes of transportation, the global e-bike market is extremely opportunistic and competitive. Additionally, e-bikes are seen by manufacturers as an affordable alternative to electric automobiles. E-bike sharing services and government organization support to encourage e-bike application and acceptance will blossom industry expansion in the ensuing years. – FMI Analyst For more details: https://www.futuremarketinsights.com/reports/electric-bike-market Competition Landscape in the Electric bike Market The leading competitors in the global electric bike market strive intensely with one another as a result of significant investments made to enhance the performance of the electric bikes and make them more comfortable to use. Positioning e-bikes as the clientele's preferred substitute for private cars and other vehicles is the main goal of these expenditures. Some of the players have made considerable investments to enhance the performance of the e-bike drive unit. Additionally, it is anticipated that the manufacturers in the electric bike market are likely to grow through strategic initiatives like new launches, expansion, partnerships, and acquisitions. The top competitors in the electric bike market are Piaggio & C. SpA, Terra Motors Corp., Bayerische Motoren Werke AG, Jiangsu Xinri E-Vehicle Co. Ltd., Giant Manufacturing Co Ltd., Emotion Bikes USA, Pedego Electric Bikes, Volt, Energica Motor Company S.p.A., Zero Motorcycles, Inc., Mahindra Genze, Derby Cycle and Accell Group ECCITY Motocycles, Hero Electric Vehicles Private Limited, Gogoro Inc., GOVECS GmbH, Vmoto Limited, Honda Motor Co. Ltd.

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