Automotive Transaxle Auxiliary Drive Unit: Introduction
- An automotive transaxle auxiliary drive unit comprises components that help drive the vehicle. Integration of these units in vehicle is expected to increase at notable price during the forecast period. Major vehicle manufacturers introduced the transaxle auxiliary drive units in their vehicles to enhance vehicle performance, which is anticipated to propel the automotive transaxle auxiliary drive unit market across the globe.
Key Drivers of Automotive Transaxle Auxiliary Drive Unit Market
- Rise in demand for vehicle electrification across the globe, due to enactment of stringent emission norms in order to reduce the emission of harmful gases from vehicles, is likely to boost the automotive transaxle auxiliary drive unit market across the globe. Rise in consumer trend toward reducing the weight of the vehicle, owing to the demand for enhanced vehicle performance, is anticipated to boost the automotive transaxle auxiliary drive unit market across the globe.
- Increase in government investment to boost production of electric vehicles across the globe is likely to fuel the automotive transaxle auxiliary drive unit market across the globe. Major vehicle manufacturers are trying to enhance the power output of their electric vehicles, which is likely to boost the automotive transaxle auxiliary drive unit market across the globe.
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Europe & Asia Pacific to hold significant share of global automotive transaxle auxiliary drive unit market
- Europe is projected to hold for a major share of the global automotive transaxle auxiliary drive unit market due to a rise in the demand for vehicles across the region. Europe has presence of major original equipment manufacturers as well as tier-1 suppliers, including Denso Corporation and Robert Bosch GmbH who have major facilities that undertake research & development on the transaxle auxiliary drive unit, is likely to propel the automotive transaxle auxiliary drive unit market across Europe.
- Followed by Europe, Asia Pacific is projected to hold a significant share of the global automotive transaxle auxiliary drive unit market due to an increase in vehicles across the region. Rapid expansion of manufacturing industries across the region is likely to propel the automotive transaxle auxiliary drive unit market in Asia Pacific. Major vehicle manufacturers across the Asia Pacific are investing in the expansion of their transmission business, which in turn is anticipated to boost the automotive transaxle auxiliary drive unit market in the region.
Key Players Operating in Automotive Transaxle Auxiliary Drive Unit Market
The global automotive transaxle auxiliary drive unit market is expanding consistently, as a large number of players operate in the market. A few of the key players operating in the automotive transaxle auxiliary drive unit market are:
- Robert Bosch GmbH
- Aisin Seiki
- ZF Friedrichshafen AG
- Hitachi Automotive Systems Ltd
- Magna International
- Denso Corporation
- Mando Corporation
- Schaeffler AG
- BorgWarner Inc.
- Allison Transmission Inc.
- EATON Corporation
- Dana Limited
- Jatco Limited
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Global Automotive Transaxle Auxiliary Drive Unit Market: Research Scope
Global Automotive Transaxle Auxiliary Drive Unit Market, by Vehicle Type
- Passenger Vehicle
- Commercial Vehicle
- Electric Vehicle
Global Automotive Transaxle Auxiliary Drive Unit Market, by Type
- Single Speed
- Multi Speed
Global Automotive Transaxle Auxiliary Drive Unit Market, by Sales Channel
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