Automotive E-Axle Market Demand Growing Drastically Due To Electric Vehicles
The global Automotive E-Axle Market size is anticipated to touch USD 27.19 billion, by the end of 2025, and is projected to grow at a compound annual growth rate of 23.7% during the forecasted period, 2019 to 2025, according to the new report by Million Insights. The increasing adoption of electric vehicles (EVs) is estimated to drive the growth of automotive e-axle in the coming few years. Additionally, countries like Germany and South Korea have planned to produce electric vehicles in large capacity, which is anticipated to surge the market growth…