Report Author

Jamie Fox Author
Principal Analyst
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Jamie is based in Chile and has worked in market research and analysis for 15 years covering semiconductors, components and technologies. Jamie is now focused on components for commercial vehicles including electric vehicles. He has produced many custom and consultancy studies during his career. Jamie has a BSc in Physics and Astronomy and an MSc in Nanoscale Science and Technology.

 

“Electric vehicles is a booming area, driven by falling battery prices, city clean air regulations and concerns about climate change. Powertrain revenue for electrified trucks and buses will grow rapidly during this decade, with a strong start in 2021. The battery pack leads the revenue, with significant opportunities in many other areas, such as fuel cell systems, motors and inverters, amongst others.”

 

 

By combining our widely used and well-respected truck and bus electrification research with new primary research we have built, for the first time, a highly granular dataset that quantifies the forecast revenue opportunity for electrified powertrain components and how the pricing of the components will change over time.

2021 will be a good year for manufacturers of electrified vehicles and components as countries look to rebound from COVID economy and electrified vehicle penetration surges.

Full Description

This report covers on-road commercial vehicles – trucks and buses – in the Americas and EMEA excluding Asia Pacific with an in-depth breakdown of components units, revenue and pricing by powertrain, vehicle type and region.  It also includes well modelled forecasts and transport assumptions, along with an analysis of the supplier landscape.

Objectives

This report aims to answer some of the key questions facing this industry today.

  • How will the bill-of-materials (BOM) change as the market matures? Will the price substantially fall?
  • How does the powertrain architecture vary in Europe vs North America?
  • How does the powertrain architecture and total value vary by vehicle type?
  • How will the powertrain architecture in 2025 and 2030 be different to 2020?
  • How and why is motor architecture changing?
  • Which battery types will dominate in 2025 and 2030?

Highlights:

  • The 2030 forecast predicts to have x24 the revenue of 2020 for powertrain components, and is predicted to grow from under $1 billion in 2020 to $23 billion by 2030.
  • The average price of a battery pack in 2020 was $7592 – which was fairly low because many vehicles were light vehicles and mild hybrids, but predicted to increase due to the dominance of medium to heavy electric vehicles which require larger battery packs.
  • The average powertrain value per vehicle was $13,803 in 2020. However, much lower for mild hybrids and light trucks but far higher for BEVs in medium/heavy duty trucks and buses
  • eAxle penetration is high in light-duty trucks but low in heavy-trucks.  Over time, however, we expect to see steady growth in heavy-duty trucks also.
  • EMEA leads the market in the early years of the forecast however, the value of powertrain components in the Americas is forecast to catch up over the years.
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Posted by Jamie Fox