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Automotive Retrofit Electric Vehicle Powertrain Market - Top Companies and Manufacturers

  • Report ID: 6388
  • Published Date: Sep 05, 2024
  • Report Format: PDF, PPT

Companies Dominating the Automotive Retrofit Electric Vehicle Powertrain Landscape

    Automotive retrofit electric vehicle powertrain market expansion is estimated to witness a lucrative share during the forecast period. The competitive environment is attributed to the tremendous spike in electric vehicle powertrains for retrofitted cars globally. More companies are entering this sector owing to the potential growth opportunities. In the forecast period, the market will observe emerging competitors and a growing demand for automotive retrofit electric vehicle powertrains around the world.

    Some of the key players include:

    • LG Electronics
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Mercedes Benz
    • AVID Technology
    • Revolution Electric Vehicles
    • EV Source
    • HSR Motors
    • UQM Technologies Inc.
    • Magna International Inc.
    • Meritor Inc.
    • Bosch Ltd.
Browse Key Market Insights with Data Illustration:

In the News

  • In July 2021, LG Electronics and Magna International formed a joint venture to develop electric vehicles (EVs). Both companies have formally signed the transaction contract. The new company, called LG Magna e-powertrain, will be based in Incheon, South Korea. At first, it will employ a thousand people.
  • In July 2021, Mercedes Benz, a German automaker, declared that it will acquire YASA, a supplier of cutting-edge electric propulsion technology. The company provides electric and hybrid powertrain solutions to the automotive industry. Yasa will carry on as a wholly-owned subsidiary of Mercedes Benz.

Author Credits:  Saima Khursheed


  • Report ID: 6388
  • Published Date: Sep 05, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2023, the industry size of the automotive retrofit electric vehicle powertrain market was over USD 66.1 billion.

The market size of the automotive retrofit electric vehicle powertrain sector is projected to cross USD 167.3 billion by the end of 2036 expanding at a CAGR of 8.0% during the forecast period i.e., between 2024-2036.

The major players in the market are Mercedes Benz, AVID Technology, Revolution Electric Vehicles, EV Source, HSR Motors, UQM Technologies Inc., Magna International Inc., Meritor Inc., Bosch Ltd., and others.

In terms of component type, the transmission segment is anticipated to garner the largest market share of 32.1% by 2036 and display lucrative growth opportunities during 2024-2036.

The market in Asia Pacific is projected to hold the largest landscape share of 45.9% by the end of 2036 and provide more business opportunities in the future.
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