E-axle Market Drives Electric Vehicle Adoption

The global automotive E-axle market is set to reach USD 139.15 billion by 2030, primarily driven by the increasing demand for electric vehicles and government regulations promoting EV adoption. South Korea and Germany are key players in this market, with the Asia Pacific also contributing significantly due to low-cost labor and raw materials. The North American market dominates, particularly in countries like the U.S. and Canada, with a shift towards compact electric cars.