PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1608635
PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1608635
The e-Corner market size is projected to grow from 128 thousand units in 2024 to 3,109 thousand units by 2035, at a CAGR of 33.7%. The e-Corner market will be shaped by a shift towards modular and scalable assembly, and platformization of EVs. This growth can be attributed to the integration of steering, propulsion and braking via X-by-Wire technology which reduces the mechanical linkages in EVs and make it lightweight and frees up space for passengers, cargo for urban as well as off-road mobility. These benefits will allow the OEMs to rapidly adopt the platformization in their upcoming vehicle lineup including Autonomous and software defined vehicles. In addition, e-corner manufacturers will focus on making e-corner modules compatible with the various platforms.
Scope of the Report | |
---|---|
Years Considered for the Study | 2020-2035 |
Base Year | 2023 |
Forecast Period | 2024-2035 |
Units Considered | Volume (Thousand Units) |
Segments | Vehicle type (Passenger Car and Light Commercial Vehicle), Motor Configuration (Tri-motor, Quad-motor), and Region |
Regions covered | Asia Pacific, Europe, and North America |
"Tri-motor configuration segment is currently the largest segment, by motor configuration."
Tri-motor setups offer superior performance and better torque vectoring capabilities than dual-motor systems, leading to improved stability and handling. As demand for high-performance EVs continues to grow, manufacturers like Rivian are incorporating tri-motor configurations into their lineup, signaling the increasing appeal of this configuration for both performance enthusiasts and everyday drivers looking for enhanced driving dynamics. Many tri-motor vehicles have large battery packs, extending driving range. The Rivian R1T, for instance, offers up to 410 miles of range in conserve mode, or around 260 miles under normal driving conditions. Other vehicle models with tri-motor configuration includes Tesla Model S Plaid, Tesla Model X Plaid, Tesla Cybertruck, Rivian R1T, Rivian R1S, Lucid Air Sapphire with total motor power ranging from 620 to 920 Kw, which combines luxury with performance. OEM manufacturers such as Tesla and Rivian are expanding their offerings to include tri-motor options, signaling a shift toward maximizing performance without compromising the existing range. Tesla Model S Plaid, Tesla Model X Plaid, Tesla Cybertruck, Rivian R1S, and R1T are among the leading vehicles that are equipped with tri-motor configuration electric corner modules.
e-Corner market is segmented by vehicle type (Passenger Car and Light Commercial Vehicle), motor configuration (Tri-motor and Quad-motor), and region (Asia Pacific, Europe, and North America). The market study includes future strategies by OEMs, Ecosystem Analysis, Technology Analysis, Case Studies and Prototype Analysis.
The report will provide market leaders and new entrants with information on the closest approximations of the sales numbers for the e-Corner market and its subsegments. It will also help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies.
Technology Analysis: Insights on current and upcoming technologies, future investments, and critical OEMs strategies. Covered major electric components, technological trends such as the platformization, and market players providing these.