Purpose Investments Inc. Announces May 2025 Distribution for Purpose Global Bond Fund
The following table reflects the final distribution amount for the May 2025 distribution for Purpose Global Bond Fund – ETF Units. Ex-distribution date for the May 2025 distribution is June 3, 2025.
Open-End Fund
TickerSymbol
Final distributionper unit
Record Date
Payable Date
DistributionFrequency
Purpose Global Bond Fund – ETF Units
BND
$0.0840
06/03/2025
06/06/2025
Monthly
About Purpose Investments Inc.
Purpose Investments Inc. is an asset management company with more than $24 billion in assets under management. Purpose Investments has an unrelenting focus on client-centric innovation, and offers a range of managed and quantitative investment products. Purpose Investments is led by well-known entrepreneur Som Seif and is a division of Purpose Unlimited, an independent technology-driven financial services company.
For further information please contact:Keera HartKeera.Hart@kaiserpartners.com905-580-1257
Commissions, trailing commissions, management fees and expenses all may be associated with investment fund investments. Please read the prospectus and other disclosure documents before investing. Investment funds are not covered by the Canada Deposit Insurance Corporation or any other government deposit insurer. There can be no assurance that the full amount of your investment in a fund will be returned to you. If the securities are purchased or sold on a stock exchange, you may pay more or receive less than the current net asset value. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
25 minutes ago
- Yahoo
Inspiring the Next Generation of Female Trades Workers: Oatey Co. Leads Plumbing Workshop at Girls' Construction Camp
Oatey associates mentor students at the 'Let's Build Construction Careers' Camp for Girls in Canfield, Ohio, which immerses middle and high school girls in the skilled trades Inspiring the Next Generation of Female Trades Workers: Oatey Co. Leads Plumbing Workshop at Girls' Construction Camp Inspiring the Next Generation of Female Trades Workers: Oatey Co. Leads Plumbing Workshop at Girls' Construction Camp CANFIELD, Ohio, July 23, 2025 (GLOBE NEWSWIRE) -- Associates from Oatey Co., a leading manufacturer in the plumbing industry, volunteered for the third consecutive year at the 'Let's Build Construction Careers' Camp for Girls, held June 18 at Mahoning County Career & Technical Center (MCCTC) in Canfield, Ohio. As a returning sponsor, Oatey developed and delivered a hands-on plumbing training designed to introduce campers to real-world skills and career opportunities in the trades. The mission of the 'Let's Build Construction Careers' Camp for Girls is to empower girls ages 12–17 to explore career paths in skilled trades, construction and manufacturing—fields where women have traditionally been underrepresented. This free, week-long program offers experiential learning, field trips and mentorship, providing early exposure to high-demand careers like plumbing, pipefitting, electrical work, welding, drywall installation, bricklaying and more. Oatey volunteers, led by Technical Specialist Jim Eichenser, facilitated a 'Plumbing 101' workshop. Throughout the day, they instructed and mentored campers rotating through skill stations focused on core plumbing fundamentals, including solvent welding PVC pipe, installing washer supply boxes and sink strainers, pulling and setting toilets and soldering copper pipe. 'The level of interest and enthusiasm these campers showed was truly inspiring,' said Eichenser. 'Introducing them to experiences like this early on is so important—not just for building technical skills, but for helping them gain confidence and see the breadth of opportunities in the skilled trades. Exposure like this can be the spark that shapes a future career.' The interactive training format encouraged active participation and created a supportive space for campers to ask questions, try new tools and gain practical insight into plumbing careers. 'Being able to give back and show these young girls what's possible in the trades was incredibly rewarding,' added Sherya Jackson, Associate Product Manager at Oatey and first-time camp volunteer. 'They were eager, capable and asked thoughtful questions throughout the day. It was clear they saw the value in what they were learning. Watching their growth as they moved through each task was a powerful reminder of why programs like this matter.' Two female pipefitters from Local Union 396 also partnered with Oatey to support the soldering station, providing technical guidance and sharing their career journeys. Their presence brought valuable mentorship and perspective, giving campers the opportunity to learn directly from women working in the field. As labor shortages continue to challenge the skilled trades, Oatey's involvement in mentorship and career exploration reflects its commitment to developing future talent and advancing diversity in the industry. To learn more about Oatey's efforts to support the skilled trades talent pipeline, listen to its podcast The Fix and visit ABOUT OATEY CO. Since 1916, Oatey has provided reliable, high-quality products for the residential and commercial plumbing industries, with a commitment to delivering quality, building trust and improving lives. Today, Oatey operates a comprehensive manufacturing and distribution network to supply thousands of products for professional builders, contractors, engineers and do-it-yourself consumers around the world. Oatey is based in Cleveland, Ohio, and has locations in the United States, Canada, Mexico and China. For more information, visit call (800) 321-9532 or follow Oatey on Facebook, Twitter, LinkedIn or Instagram. CONTACT:John O'ReillyMadelyn YoungGreenhouse Digital + PRjohn@ Photos accompanying this announcement are available at: in to access your portfolio
Yahoo
34 minutes ago
- Yahoo
Microplastic Recycling Market 2025 Comprehensive Study and Forecast Report 2025-2034
According to Towards Packaging consultants, the global microplastic recycling market is projected to reach approximately USD 700.15 million by 2034, increasing from USD 301 million in 2024, at a CAGR of 9.63% during the forecast period 2024 to 2034. Ottawa, July 23, 2025 (GLOBE NEWSWIRE) -- The global microplastic recycling market size stood at USD 330.97 million in 2025 and is projected to reach USD 700.15 million by 2034, according to a study published by Towards Packaging, a sister firm of Precedence market is gaining traction due to increasing environmental concerns, rising awareness about plastic pollution, and supportive government regulations aimed at reducing microplastic waste. Advancements in recycling technologies and growing investments in sustainable waste management solutions further drive the market. Industries such as packaging, textiles, and automotive are adopting recycled microplastics to enhance sustainability. However, challenges such as collection inefficiencies and high processing costs remain. Despite this, innovation and regulatory pressure are expected to accelerate market growth. What is a Microplastic? Microplastic recycling refers to the process of collecting, treating, and reusing microplastics, tiny plastic particles typically less than 5 millimeters in size that result from the breakdown of larger plastic items or are intentionally manufactured, such as in cosmetics and industrial applications. These particles pose a significant environmental threat due to their persistence, widespread distribution in ecosystems, and potential to harm marine life, wildlife, and even human health. Recycling microplastics involves innovative techniques such as filtration, chemical treatment, and advanced sorting technologies to isolate and repurpose these minute fragments. Unlike traditional plastic recycling, microplastic recycling is more complex due to the particles' small size and contamination with other materials. Nonetheless, this process aims to convert waste into reusable raw materials, reducing environmental pollution and promoting circular economy principles. As awareness about plastic pollution rises, the demand for efficient microplastic recycling solutions is growing, encouraging research and development in sustainable waste management Are Some of the Top Emerging Trends in the Microplastic Recycling Industry? Enzymatic Recycling Techniques Use of genetically engineered enzymes (like PETase) to break down microplastics such as PET into reusable monomers. Enzymatic recycling techniques enable near-infinite recycling with high efficiency and minimal energy. Chemical Depolymerization Advanced chemical processes are being developed to depolymerize microplastics back into original monomers (e.g., glycolysis for PET). Suitable even for contaminated or colored microplastics. Magnetic Nano-Adsorbents & Ferrofluids Magnetic particles are used to bind microplastics and separate them using magnets. This is an emerging technique for water treatment and small-scale separation. Sponge-Based Filters (Biomaterials) Innovative sponge materials made from natural components (like cotton and squid cartilage) can absorb up to 99.9% of microplastics from water. Reusable and biodegradable options are being explored. AI-Powered Microplastic Detection & Sorting Use of artificial intelligence with infrared spectroscopy and computer vision for real-time identification and sorting of microplastic particles. Photocatalytic Degradation Solar or UV-activated catalysts (e.g., TiO₂-based) break down microplastics into non-toxic compounds. The photocatalytic degradation offers a potential for passive degradation in aquatic systems. Ultrasound-Assisted Separation The Use of ultrasonic waves to dislodge and separate microplastics from wastewater or sludge. Electrochemical Degradation New electrochemical methods using electrodes to break chemical bonds in microplastics, converting them to harmless byproducts. Bioremediation Using Microorganisms Genetically modified bacteria or fungi capable of digesting certain types of microplastics (e.g., polystyrene, polyethylene). Closed-Loop Industrial Systems Industries are integrating microplastic collection and reuse within their own processes, especially in textiles and is the Potential Growth Rate of the Microplastic Recycling Market? Strict Government Regulations & Circular Economy Initiatives Increased global concern over the impact of microplastics on marine life, human health, and ecosystems. Bans, mandates, and policies targeting plastic pollution and promoting recycling (e.g., Extended Producer Responsibility). Global efforts to close the plastic loop encourage the reuse and recycling of microplastics across supply chains. For instance, the Plastic Waste Management (Amendment) Regulations, 2025 were released on January 23, 2025, by the Ministry of Environment, Forests, and Climate Change. These regulations are primarily intended to address India's plastic pollution problem. To help people recognize what they are using, the new amendment mandates that plastic products be labelled with a barcode and QR code. In 2025, Germany is expected to implement a plastic tax that will target specific single-use plastics that are frequently used for convenience but are challenging to recycle. The levy was postponed by a year and will target products like supermarket bags and food containers. The action is a component of a larger European initiative, as the European Union already levies a fee on member nations according to the volume of non-recycled plastic garbage they generate. The United Kingdom, Portugal, and the Netherlands are among the other European countries that have imposed comparable taxes. Although the plastics sector has argued that these levies will raise costs, they are considered an essential step in addressing the growing problem of plastic waste. What are the Opportunities for Microplastic Recycling Market Growth? Commercialization of Lab-Scale Innovations Scaling up promising research into market-ready solutions (e.g., enzyme-based or sponge-like filters). Emerging Markets & Coastal Nations Developing countries with high plastic waste generation offer untapped potential for recycling services. Integration in Consumer Goods Recycled microplastics used in fashion, footwear, furniture, and electronics present new revenue streams. Wastewater Treatment Upgrades Incorporating microplastic capture systems in municipal and industrial wastewater treatment facilities. Limitations & Challenges in the Microplastic Recycling Market: Lack of Standardized Collection Systems & Insufficient Regulatory Enforcement Microplastics are extremely small and widely dispersed, making them difficult and costly to collect effectively. Advanced processes like enzymatic or chemical recycling require significant investment, limiting scalability in developing regions. Microplastics vary in size, type, and contamination level, making uniform recycling solutions challenging to implement. Inconsistent or weak implementation of plastic-related regulations reduces industry pressure to invest in recycling. Recycled microplastics often have lower economic value compared to virgin plastic, discouraging large-scale adoption. Microplastics often contain additives or are mixed with organic waste, complicating the purification and reuse process. More Insights of Towards Packaging: Sustainable Secondary Packaging Market - The sustainable secondary packaging market is experiencing rapid growth, with revenue projections reaching hundreds of millions between 2025 and 2034. Germany Flexible Packaging Market - The Germany flexible packaging market is expected to increase from USD 14.65 billion in 2025 to USD 21.30 billion by 2034, growing at a CAGR of 4.25%. North America Plastic Packaging Market - The North America plastic packaging market is predicted to expand from USD 92.93 billion in 2025 to USD 123.92 billion by 2034, growing at a CAGR of 3.25% . Low-Carbon Footprint Packaging Market - The low-carbon footprint packaging market is booming, poised for a revenue surge into the hundreds of millions from 2025 to 2034. Glass-to-Plastic Packaging Market - The glass-to-plastic packaging market is booming, poised for a revenue surge into the hundreds of millions from 2025 to 2034. Plant-Based Plastics Market - The plant-based plastics market size reached USD 1.9 billion in 2024, grew to USD 2.1 billion in 2025. PHA Bioplastics Market - The PHA bioplastics market is booming, poised for a revenue surge into the hundreds of millions from 2025 to 2034, driving a revolution in sustainable transportation. Post-Consumer Recycled Plastic Market - The post-consumer recycled plastic market is expected to increase from USD 13.06 billion in 2025 to USD 31.91 billion by 2034, growing at a CAGR of 10.44%. Plastic Caps Market - The plastic caps market is predicted to expand from USD 44.89 billion in 2025 to USD 67.66 billion by 2034, growing at a CAGR of 4.64% during the forecast period from 2025 to 2034. Plastic Container Market - The plastic container market is expected to increase from USD 116.97 billion in 2025 to USD 189.22 billion by 2034, growing at a CAGR of 5.54%. Regional Analysis: Who is the Leader in the Microplastic Recycling Market? Europe holds a dominant position in the microplastic recycling market due to its stringent environmental regulations, advanced waste management infrastructure, and strong commitment to sustainability. The European Union has implemented comprehensive policies such as the European Green Deal, the Plastics Strategy, and bans on single-use plastics, which promote recycling and circular economy principles. European countries invest heavily in R&D for innovative recycling technologies, including enzymatic and chemical methods tailored to microplastic treatment. High public awareness and consumer demand for eco-friendly products further encourage industries to adopt recycled materials. Collaborative efforts between governments, research institutions, and the private sector support the large-scale implementation of microplastic recycling solutions, making Europe a leader in this space. Germany Market Trends Germany leads in waste management and recycling infrastructure, supported by strict packaging waste regulations under the Packaging Act (VerpackG). It invests heavily in R&D for chemical and mechanical recycling technologies and encourages industrial collaboration on circular economy initiatives. France Market Trends France has banned microplastics in rinse-off cosmetics and enacted the Anti-Waste Law (AGEC), promoting eco-design and recycling. The government funds innovation in plastic recycling and supports public-private partnerships to enhance microplastic waste treatment. Netherlands Market Trends Known for its progressive environmental policies, the Netherlands focuses on waterborne microplastic removal and supports pilot projects for wastewater filtration technologies. The country's strong maritime sector also emphasizes ocean microplastic collection and recycling. Sweden Market Trends Sweden emphasizes innovation in plastic separation and AI-driven recycling. With high recycling rates and strong consumer awareness, it actively funds startups and universities focused on biodegradable alternatives and microplastic remediation. Italy Market Trends Italy is advancing in textile waste recycling, particularly synthetic fibers that contribute to microplastic pollution. Regional governments support localized recycling programs and marine cleanup projects along the Mediterranean coast. How is the Opportunistic Rise of the Asia Pacific in the Microplastic Recycling Market? The Asia‑Pacific region is expected to grow at the fastest rate in the microplastic recycling market, driven by a combination of critical factors. Rapid industrialization and urbanization in countries such as China, India, Japan, and South Korea have led to massive plastic waste generation, fueling strong demand for microplastic recycling solutions. Governments across the region are enforcing stringent policies, including bans on single-use plastics and Extended Producer Responsibility (EPR) programs, which encourage investment in recycling infrastructure. Concurrently, technological investments in advanced sorting, filtration, chemical and enzymatic recycling, and AI‑powered systems are enabling more efficient recovery even from contaminated microplastic waste streams. Rising public and industry awareness about the environmental and health impacts of microplastics, along with collaborative R&D efforts among governments, academic institutes, and private companies, further accelerates innovation and scalability in the region. China Market Trends China is at the forefront due to its massive plastic production and consumption rates. The government has implemented a strict plastic ban policy and is investing in advanced recycling technologies, including AI-powered sorting, pyrolysis, and chemical depolymerization. Public–private partnerships are also boosting microplastic cleanup and recycling. India Market Trends India faces high levels of microplastic pollution, particularly from urban waste and textiles. The government's Plastic Waste Management Rules and Extended Producer Responsibility (EPR) initiatives are pushing industries to adopt recycling. Startups and academic research are advancing filtration and bio-based recycling methods. Japan Market Trends Japan is known for its high recycling rate and precision waste segregation system. It focuses on technological innovation in chemical and enzymatic recycling, and actively funds R&D projects to reduce ocean-bound microplastics. South Korea Market Trends South Korea is adopting smart waste management systems and investing in robotics and AI for microplastic detection and removal. Its national environmental policies promote circular economy goals, including advanced recycling of plastic microfibers from synthetic textiles. Indonesia Market Trends Indonesia, as a top contributor to marine plastic pollution, has launched national action plans and global collaborations to combat microplastic waste. Initiatives include waste bank models, ocean clean-ups, and investments in community-level recycling programs. How Big is the Success of the North American Microplastic Recycling Market? North America is witnessing notable growth in the microplastic recycling market due to its well-established waste management infrastructure, strong regulatory framework, and ongoing technological innovation. Governments in the region, particularly in the U.S. and Canada, have implemented policies to reduce microplastic pollution, including bans on microbeads in personal care products and restrictions on single-use plastics. These regulations are prompting industries to adopt more sustainable practices, including the recycling of microplastics. The region also benefits from significant investments in research and development, focusing on advanced recycling technologies such as chemical depolymerization, filtration, and AI-driven sorting systems. Collaboration between academic institutions, environmental agencies, and private companies further supports innovation and large-scale implementation. Additionally, growing public awareness and increasing corporate responsibility initiatives are encouraging the use of recycled materials in sectors like packaging, textiles, and automotive. How Crucial is the Role of Latin America in the Microplastic Recycling Market? Latin America's microplastic recycling sector is gaining momentum due to strong government policies, such as widespread bans on single-use plastics and national action plans promoting sustainable waste management, seen in countries like Mexico, Colombia, Chile, and Argentina. Implementation of Extended Producer Responsibility (EPR) laws in Brazil, Colombia, and Chile further incentivizes collection and recycling systems. Public awareness campaigns and community‑driven initiatives like coastal cleanups and recycling cooperatives are increasing participation and material recovery. Innovations such as blockchain tracking (example: Chile's Atando Cabos project) ensure transparency in recycling streams and build trust in recycled products. Additionally, partnerships between corporates and waste picker cooperatives (e.g., Brazil's Catadores model) are not only improving microplastic collection but also promoting social inclusion and circular value chains. How does the Middle East and Africa lead the Microplastic Recycling Market? The Middle East and Africa (MEA) is making notable strides in microplastic recycling thanks to policy momentum, community-driven initiatives, and emerging innovation hubs. In the Middle East, countries like the UAE have launched sweeping bans on single-use plastics, beginning with shopping bags in 2024 and extending to cups and cutlery by 2026, placing significant pressure on recycling infrastructure to evolve quickly. Grassroots and NGO-led efforts, such as those by the Emirates Environmental Group, are amplifying public awareness and collection initiatives. In Africa, over 30 countries have enacted plastic bag bans and extended producer responsibility (EPR) frameworks, especially in South Africa, Rwanda, Kenya, and others, driving infrastructure development for sorted waste recovery. Social enterprises like Lagos-based Wecyclers incentivize plastic collection through cash or rewards, boosting informal microplastic recovery while providing livelihoods. In Egypt's Cairo, community recyclers at Manshiyet Nasr ('Garbage City') spearhead daily plastic sorting efforts, engaging youth and strengthening local waste recycling Outlook Product Insights The secondary product segment holds dominance in the microplastic recycling market due to the widespread presence of secondary microplastics in the environment, which are formed from the breakdown of larger plastic items through mechanical, chemical, or environmental processes. These microplastics are commonly found in oceans, soil, and wastewater, making them the primary target for recycling efforts. Their abundance drives the demand for effective collection and treatment technologies. Additionally, advancements in detection and separation methods, such as filtration, magnetic extraction, and AI-based sorting, have improved the recyclability of secondary microplastics. Growing regulatory focus on environmental cleanup and circular economy goals further strengthens this segment's dominance. The Primary microplastics segment is growing fastest due to escalating demand for high‑quality recycled plastics that can re-enter industrial production cycles. Notably, primary microplastics such as microbeads from cosmetics and plastic nurdles used in manufacturing remain important feedstock for industries like packaging, textiles, automotive, and construction. With tightening sustainability regulations and rising consumer preference for eco‑friendly materials, manufacturers are increasingly incorporating recycled microplastics to meet ESG goals and avoid regulatory penalties. Advances in sorting, purification, and chemical recycling technologies now deliver cleaner, more consistent recycled outputs suitable for high-performance applications. These developments, coupled with circular economy initiatives pushing for virgin plastic substitution, are fueling the rapid growth of the primary product segment in microplastic recycling. End-Use Insights The packaging segment is the dominant segment in the microplastic recycling market due to the extensive use of plastic packaging materials in consumer goods, food, beverages, and e-commerce. These materials, particularly single-use plastics, often degrade into secondary microplastics, making packaging a major contributor to environmental microplastic pollution. As a result, it has become a key focus for recycling initiatives and regulatory interventions. Governments and organizations are enforcing strict bans and mandates on plastic packaging, encouraging the adoption of recyclable and sustainable alternatives. Additionally, leading packaging companies are integrating recycled microplastics into their products to meet sustainability targets and consumer demand for eco-friendly packaging. The automotive and transportation end‑use segment is experiencing the fastest growth in the microplastic recycling market due to several compelling factors. Automakers are increasingly using recycled microplastics such as post‑consumer rPP and rPET in interior components (dashboards, door panels, seats) to reduce vehicle weight, enhance fuel efficiency, and meet sustainability goals. Regulatory mandates and corporate commitments like Ford pledging 20% recycled content by 2025 and GM targeting 50% by 2030 are accelerating the adoption of microplastic recyclates. Technological advancements in advanced purification, AI‑driven sorting, and chemical recycling have improved the quality and consistency of these recycled materials, making them suitable for demanding automotive applications. Furthermore, the global shift toward lightweight electric vehicles creates strong demand for eco‑friendly materials, reinforcing the automotive segment's rapid rise in microplastic recycling Breakthroughs in the Market: In April 2025, UNIFI, Inc., the company that makes REPREVE, introduces REPREVE with CiCLO technology, which is recycled polyester and nylon integrated with a biodegradable technology that allows synthetics to decompose organically. In partnership with Intrinsic Advanced Materials, LLC, a joint venture between Parkdale Advanced Materials, Inc. and Intrinsic Textiles Group, LLC, REPREVE using CiCLO technology was developed. In June 2025, the first supplies of a novel feedstock derived from recycling plastic waste have been delivered to INEOS Olefins & Polymers in Lavera, Southern France. By producing recycled polymers, this product—known as pyrolysis oil will assist its clients in meeting the EU's mandate that food contact, medicinal, and sensitive plastic packaging contain at least 10% recycled material by 2030. In June 2025, the Cleaner Seas Group constructed the new facility, which houses three cutting-edge components: a Return and Recycle Center, a Microfibre Filter Hub, and a Microplastic Recycling Lab. When combined, they represent a first for the world in the battle against microplastic waste. According to Cleaner Seas Group, the Bude center does more than just collect microfibres. It takes things a step further. Top Microplastic Recycling Market Players PlanetCare ECOFARIO GmbH Carbios PureCycle Technologies, Inc. Ioniqa Technologies B.V. Calyxia Ocean Diagnostics, Inc. OceanWorks International Matter Global Microplastic Recycling Market By Product Primary Secondary By End-use Packaging Agriculture Consumer goods Textile Automotive and transportation Building and construction Others By Region North America U.S. Canada Europe Germany UK France Italy Spain Sweden Denmark Norway Asia Pacific China Japan India South Korea Thailand Latin America Brazil Mexico Argentina Middle East and Africa (MEA) South Africa UAE Saudi Arabia Kuwait Invest in Premium Global Insights @ If you have any questions, please feel free to contact us at sales@ About Us Towards Packaging is a leading global consulting firm specializing in providing comprehensive and strategic research solutions. With a highly skilled and experienced consultant team, we offer a wide range of services designed to empower businesses with valuable insights and actionable recommendations. We stay abreast of the latest industry trends and emerging markets to provide our clients with an unrivalled understanding of their respective sectors. We adhere to rigorous research methodologies, combining primary and secondary research to ensure accuracy and reliability. Our data-driven approach and advanced analytics enable us to unearth actionable insights and make informed recommendations. We are committed to delivering excellence in all our endeavours. Our dedication to quality and continuous improvement has earned us the trust and loyalty of clients worldwide. Our Trusted Data Partners: Precedence Research | Statifacts |Towards Automotive | Towards Healthcare | Towards Food and Beverages | Towards Chemical and Materials | Towards Consumer Goods | Towards Dental | Towards EV Solutions | Nova One Advisor | Healthcare Web Wire | Packaging Web Wire | Automotive Web Wire For Latest Update Follow Us:
Yahoo
an hour ago
- Yahoo
Electric Vehicle E-Axle Market Enters High-Growth Phase in 2025
According to Towards Automotive consultants, the global electric vehicle e-axle market is projected to reach approximately USD 559.06 billion by 2034, increasing from USD 24.95 billion in 2025, at a CAGR of 41.27% during the forecast period 2025 to 2034. Ottawa, July 23, 2025 (GLOBE NEWSWIRE) -- The global electric vehicle e-axle market size stood at USD 24.95 billion in 2025 and is projected to reach USD 559.06 billion by 2034, according to a study published by Towards Automotive, a sister firm of Precedence Research. The electric vehicle e-axle market has experienced a significant surge in recent years, driven by the high adoption of electric vehicles globally for their sustainability and improved performance, both in the long and short term. The market is also observing growth due to advanced technology helping the sector to improve EVs' Highlights of the Electric Vehicle E-Axle Market By region, Asia Pacific dominated the electric vehicle e-axle market due to high adoption of EVs, government funds and subsidies, and high concern for maintaining sustainability. By region, North America is experiencing a significant growth in the foreseen period due to growth-promoting factors such as high adoption of EVs, increasing infrastructure for EV manufacturing in the region, and government subsidies. By vehicle type, the passenger car segment dominated the electric vehicle e-axle market due to the high adoption of such cars for the convenience and ease of traveling in a personal vehicle. By drive type, the front wheel drive segment led the electric vehicle e-axle market due to its high adoption by consumers for its cost-effectiveness, high adoption of EVs, and lightweight design for improved performance. Market Overview & Potential High shift of the automobile industry towards the manufacturing of EVs has helped the growth of the electric vehicle e-axle market. Automobile consumers today have a huge inclination towards purchasing EVs compared to ICEs because of multiple factors. Improved performance, cost-saving, efficiency, and high sustainability are some of the important factors helping the growth of the EV segment, further fuelling the growth of the electric vehicle e-axle market. The market also observes growth due to high-end technology helping EVs improve their performance, along with various other factors. The electric vehicle e-axle has various benefits to lure consumers to purchase an EV. They are lightweight, helpful for improved performance of an EV, and helpful for a simplified drivetrain. Adoption of e-axles also helps in regenerative braking, torque vectoring, and the availability of various autonomous driving features. Another major reason for the growth of the electric vehicle e-axle market involves government initiatives to promote the market in the form of subsidies, advanced technology in the segment, and government regulations to control emissions. What is the Role of AI in the growth of the Electric Vehicle E-Axle Market? AI plays a huge transformative role in the growth of the electric vehicle e-axle market. The advanced technology helps in enhancing the vehicle's performance, improving its efficiency, and improving power management as well. AI algorithms are also essential to optimize motor control and ideal torque distribution. It directly helps in managing an EV's performance and improves the driving experience. Another major benefit of the advanced technology is that it helps manufacturers in real-time monitoring and identifying the issues closely before any major breakdowns. Hence, the chances of downtime are lowered while maintaining the quality of the Trends of Electric Vehicle E-Axle Market The growing adoption of different types of EVs is helping the growth of the electric vehicle e-axle market. E-axles offer compact, cost-saving, and efficient solutions, making them ideal for EV manufacturers, further helping the growth of the market. Technological advancements in the battery segment are also aiding the electric vehicle e-axle market growth, helping EVs to perform efficiently with improved motor design. High shift towards use of EVs due to strict government regulations for controlling emissions and maintaining sustainability is also helping the growth of the market. Use of AI for improved EV performance, timely maintenance, and cost savings is considered an essential factor for the growth of the Dynamics Driver What are the Essential growth Drivers of the electric Vehicle E-Axle Market? Multiple factors today are aiding the growth of the electric vehicle e-axle market. Rising EV adoption for a cleaner and sustainable environment is one of the major factors for the growth of the market. Automobile consumers today are highly inclined towards EV purchasing compared to ICEs. Better performance, fuel cost-saving, and sustainability are the factors allowing the growth of EV adoption, further helping the growth of the market. To promote sustainability at a higher pace, the government provides subsidies and grants to consumers and companies to purchase EVs. Challenge High Manufacturing Cost of E-Axles and EVs Restraining the Market Growth High costs involved in the manufacturing of EVs and e-axles are one of the major restraints of the electric vehicle e-axle market. The introduction of new technologies in the EV segment for improved powertrain and improved vehicle performance is also a high-cost procedure. Such situations can also block the electric vehicle e-axle market growth. Shortage of raw materials for the manufacturing of electric vehicle e-axles is another aspect restraining the growth of the market. Hence, such obstructions may disturb the market's growth. Opportunity Advancements in Integrated Systems Providing Opportunity for Market's Growth Improved integrated system of EVs is helping the growth of the electric vehicle e-axle market in the foreseeable period. It helps in enhancing efficiency, better performance, improved battery performance, and cost-effectiveness as well. Such factors also help in improving the range of EVs, further fuelling the growth of the segment and the market. Such advancements also help in following the proper timeline for manufacturing procedure, lowering unnecessary costs, and accelerating time-to-time Analysis By Vehicle Type The Passenger Car Segment Dominated the Electric Vehicle E-Axle Market The passenger car segment of the electric vehicle e-axle market led the market due to the high adoption of EVs in the recent period. Automobile consumers today prefer EVs on a higher scale due to their sustainability factor, which helps save fuel costs. EVs are also efficient and help in cost savings, helping consumers to opt for EV passenger cars. Governments globally also provide subsidies, tax benefits, and lower registration fees to enhance the growth of the electric vehicle e-axle market. Compact designs and improved efficiency due to e-axles also help to enhance the sales of EVs. The commercial vehicle segment of the electric vehicle e-axle market is observing a significant growth in the foreseeable period. The use of heavy vehicles for transportation plays a huge role for companies. Hence, the adoption of commercial EVs helps companies to control their carbon emissions, as the government has laid strict rules for the same. Commercial EVs perform better and have lightweight e-axles, further fuelling the growth of the segment and market. Hence, companies prefer to use EVs for enhanced last-mile deliveries and maintain the zero-emission mission as well. By Drive Type The Front-Wheel Drive Segment led the Electric Vehicle E-Axle Market The front-wheel drive segment helped the growth of the electric vehicle e-axle market due to its cost-effectiveness and higher adoption globally. Better performance, energy efficiency, and their lightweight helped the segment lead the market. E-axle's integration in EVs helps to improve powertrain architecture, motor performance, reduce vehicle weight, and lower manufacturing cost, fuelling the growth of the electric vehicle e-axle market. It makes it more accessible for consumers to buy EVs. The rear-wheel drive segment of the electric vehicle e-axle market is expected to grow notably in the forecast period, as it is a crucial part of the market. The rear-wheel integration system, consisting of an electric motor, gearbox, and a rear axle in a single unit, helps in the easy movement of an EV. It also helps in enhanced handling and managing traction in sporty and performance-based models. Hence, the segment is observed with a notable growth in the forecast period. More Insights of Towards Automotive: Automotive Axle Market - The global automotive axle market size is calculated at USD 8.6 billion in 2024 and is expected to be worth USD 26.92 billion by 2034, expanding at a CAGR of 12.15% from 2024 to 2034. E-SUVs Market Strategic Market - The E-SUVs market is forecast to grow from USD 337.42 billion in 2025 to USD 13,969.03 billion by 2034, driven by a CAGR of 51.24% from 2025 to 2034. EV Battery Cell and Pack Materials Market - The EV battery cell and pack materials market is forecasted to expand from USD 25.81 billion in 2025 to USD 87.51 billion by 2034, growing at a CAGR of 14.53%. Automotive Steel Market - The automotive steel market is set to grow from USD 90.62 billion in 2025 to USD 165.76 billion by 2034, with an expected CAGR of 6.94% over the forecast period from 2025 to 2034. Semiconductor Devices for Electric Vehicle Market - The semiconductor devices for electric vehicle market is set to grow from USD 13.47 billion in 2025 to USD 44.08 billion by 2034. Business Jet Market - The business jet market is forecasted to expand from USD 4.45 billion in 2025 to USD 7.16 billion by 2034, growing at a CAGR of 5.43% from 2025 to 2034. Residential EV Charging Station Market - The residential EV charging station market is expected to increase from USD 13.68 billion in 2025 to USD 219.7 billion by 2034. Smart EV Charger Market - The smart EV charger market size is expected to grow from USD 45.91 billion in 2025 to USD 208.35 billion by 2034, with a CAGR of 18.3% throughout the forecast period from 2025 to 2034. Electric Vehicle (EV) Charger Market - The electric vehicle (EV) charger market size is forecasted to expand from USD 18.94 billion in 2025 to USD 175.16 billion by 2034. Portable EV Charger Market - The portable EV charger market size is projected to reach USD 1315.87 million by 2034, growing from USD 225.7 million in 2025, at a CAGR of 21.64%. Regional Analysis Asia Pacific Dominated the Electric Vehicle E-Axle Market Asia Pacific dominated the electric vehicle e-axle market due to various reasons contributing to the growth of the market. Higher adoption of EVs in the region to maintain sustainability is a major growth factor for the market. The government providing subsidies, tax benefits, and offering lower registration fees for higher EV adoption is also helping the market's growth in the region. E-axles are lightweight and also help to improve the performance of the EV, further fueling the growth of the market. Well-established EV manufacturing base in India and China is further helping the market's growth in the region. North America is expected to grow with a notable CAGR in the forecast period. North America is expected to grow notably in the forecast period due to various factors helping the growth of the market. Higher adoption of EVs in the region is the primary reason for the market's growth. Government subsidies and tax benefits are another major factor helping the growth of the electric vehicle e-axle market in North America. Developing EV infrastructure and a rising number of EV charging stations are also supporting the growth of the market. North America's strong manufacturing base of EVs in the U.S and Canada plays a pivotal role in the growth of the market in the Developments in Electric Vehicle E-Axle Market In June 2025, American Axle & Manufacturing received a supply order for Scout Motors' front electric drive units (EDUs) and rear e-Beam axles. The company revealed the information in its statement. In November 2024, Renesas Electronics Corp., in collaboration with Nidec Corp., launched the world's first '8-in-1' proof of concept (PoC) for E-Axle systems for electric vehicles (EVs). The system can control 8 functions with a single microcontroller. Top Companies of Electric Vehicle E-Axle Market Dana Limited (U.S.) Robert Bosch GmbH (Germany) GKN Automotive Limited (U.K.) Nidec Corporation (Japan) ZF Friedrichshafen AG (Germany) Vitesco Technologies Group AG (Germany) Schaeffler AG (Germany) Linamar Corporation (Canada) Magna International Inc. (Canada) Suzhou Inovance Automotive Co., Ltd. (China) Segments Covered in the Report By Vehicle Type Passenger Car Commercial Vehicle By Drive Type All-Wheel Drive Front-Wheel Drive Rear-Wheel Drive By Region North America Latin America Europe Asia Pacific Middle East and Africa Invest in Premium Global Insights @ You can place an order or ask any questions, please feel free to contact us at sales@ About Us Towards Automotive is a premier research firm specializing in the automotive industry. Our experienced team provides comprehensive reports on market trends, technology, and consumer behaviour. We offer tailored research services for global corporations and start-ups, helping them navigate the complex automotive landscape. With a focus on accuracy and integrity, we empower clients with data-driven insights to make informed decisions and stay competitive. Join us on this revolutionary journey as we work together as a strategic partner to reinvent your success in this ever-changing automotive world. Our Trusted Data Partners Precedence Research | Statifacts | Towards Packaging | Towards Healthcare | Towards Food and Beverages | Towards Chemical and Materials | Towards Consumer Goods | Towards Dental | Towards EV Solutions | Nova One Advisor | Healthcare Web Wire | Packaging Web Wire | Automotive Web Wire For Latest Update Follow Us: in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data