ECorner Market – Trends Forecast Till 2031

Market Snapshot

Market Overview

The global ECorner Market size was estimated at USD 167.7 million in 2024 and is projected to reach USD 959.1 million in 2031 at a CAGR of 28.29 % during the forecast period 2025-2031.

ECorner Market refers to a specialized segment within the broader retail and technology industry, focusing on the integration of e-commerce platforms with advanced technological solutions. This market encompasses the development, implementation, and use of corner-based retail spaces designed to facilitate the convergence of in-store and online shopping experiences. With the rise of digital transformation, eCorner solutions enable businesses to offer hybrid shopping experiences, where physical stores can act as a touchpoint for customers to interact with online platforms, browse products, and make seamless purchases.

The scope of the eCorner Market includes various solutions such as smart kiosks, interactive displays, mobile apps, and integrated point-of-sale systems. These technologies bridge the gap between traditional brick-and-mortar retail and e-commerce, providing retailers with an innovative way to engage customers and enhance their shopping experience. The market is not only limited to large-scale retailers but also extends to small and medium-sized businesses looking to leverage technology for a competitive edge in an increasingly digital landscape.

Trends within the eCorner Market include the growing use of augmented reality (AR) to provide immersive shopping experiences, as well as the rise of artificial intelligence (AI) for personalized recommendations and customer insights. Additionally, the trend towards sustainability is influencing eCorner designs, with businesses focusing on energy-efficient solutions and eco-friendly materials. As more consumers demand convenience and customization, retailers are increasingly adopting eCorner technologies to meet these expectations and maintain a competitive position in the market.

The drivers of growth in the eCorner Market are multifaceted. Technological advancements, such as the proliferation of high-speed internet and the development of cutting-edge hardware, have made it easier for retailers to implement eCorner solutions. Consumer preferences for convenience, personalized shopping experiences, and contactless transactions have further accelerated the adoption of these solutions. Additionally, the ongoing shift towards omnichannel retailing, where businesses aim to create seamless shopping journeys across various platforms, is fueling demand for eCorner solutions that integrate both physical and digital shopping environments.

Delvens Industry Expert's Standpoint

Experts in the ECorner Market highlight several key trends driving growth and innovation. The eCorner Market is a growing sector that combines e-commerce with physical retail through technologies like smart kiosks, interactive displays, and mobile apps. It enables businesses to offer hybrid shopping experiences, blending in-store and online interactions. The market is driven by trends such as augmented reality, artificial intelligence, and a focus on sustainability. Key drivers include technological advancements, consumer demand for convenience and personalization, and the shift towards omnichannel retailing. These factors are prompting both large retailers and small businesses to adopt eCorner solutions, enhancing customer engagement and improving the shopping experience.

Market Portfolio

Key Findings

• The quad-motor configuration is expected to dominate the e-Corner market during the forecast period due to its superior performance, enhanced control, and versatility compared to tri-motor setups. Independent torque vectoring for each wheel enables exceptional traction, stability, and adaptability across diverse terrains, including off-road and adverse weather conditions. For instance, the Tesla Cybertruck, equipped with a quad-motor configuration, offers over 746 kW of power and advanced off-road capabilities such as tank turns. This configuration delivers higher power output, faster acceleration, and greater towing capacity, attracting consumers seeking high-performance electric vehicles, particularly in specialized applications like robotaxis and luxury EVs such as the Yangwang U8.

• The passenger car segment is projected to rapidly grow during the forecast period, as the integration of e-Corner systems transforms vehicle design. By consolidating multiple vehicle systems into a single unit at each wheel, e-Corner improves performance, efficiency, and overall design. Adaptive suspension systems allow real-time adjustments, optimizing ride comfort and safety while enhancing traction and cornering response. For example, Hyundai's e-Corner system, tested on the Ioniq 5 prototype, enables unique maneuvers like crab walking, diagonal driving, and pivot turns, which improve parking, obstacle navigation, and tight-space maneuverability. Additionally, e-Corner increases space efficiency, providing more room for passengers or cargo and allowing OEMs to quickly develop diverse vehicle lineups.

• The market is also divided into various regions such as North America, Europe, Asia-Pacific, South America, and Middle East and Africa. Asia pacific region is projected to hold the largest market share. Factors such as Increasing demand for electric vehicles (EVs), improved vehicle performance and safety, autonomous driving technologies, innovations in vehicle design, rising adoption of advanced suspension systems, enhanced traction and stability across terrains, growing focus on sustainability and zero-emission vehicles, advancements in torque vectoring and motor configuration have triggered the ECorner Market in the region.

Regional Analysis

Asia pacific Region to Dominate the Market

• Asia Pacific leads the global e-corner market, driven by the increasing demand for electric vehicles with integrated e-corner modules, particularly in luxury models like the Yangwang U8 & U9, developed on BYD’s e4 platform. China plays a key role in this growth, offering relatively low-cost electric vehicles from manufacturers such as BYD, SAIC, BAIC, and Geely. Additionally, China is the world’s largest producer and exporter of batteries and battery components, with technological advancements like wireless charging and patents being integral to the country's automotive industry. China remains the dominant player in the electric vehicle sector in Asia Pacific, with 7.6 million units shipped across Mainland China, Hong Kong, Taiwan, and Macau.

• North America is expected to experience the fastest growth in the e-corner market, driven by the increasing demand for electric SUVs and pickup trucks featuring quad-motor configurations, such as the Tesla Cybertruck and GMC Hummer EV. The demand for electric vehicles is already strong in the U.S., but electric SUVs are gaining popularity due to their fuel efficiency, zero emissions, and suitability for autonomous driving. SUVs, being larger and heavier than passenger cars, are particularly well-suited for these advanced driving technologies. Popular electric SUVs in the U.S. include models like the Toyota RAV4, Honda CR-V, Ford Explorer, Hyundai Tucson, and Subaru Cross Trek.

Competitive Landscape

• SCHAEFFLER AG
• PROTEAN
• HYUNDAI MOBIS
• REE
• CONTINENTAL AG
• ELAPHE LTD
• BENTELER INTERNATIONAL AG
• ZF FRIEDRICHSHAFEN AG
• BYD
• TESLA
• VOLKSWAGEN AG
• HYUNDAI MOTOR COMPANY
• GENERAL MOTORS
• DONGFENG MOTOR COMPANY
• RIVIAN
• LUCID
• PININFARINA
• FARADAY&FUTURE INC.
• ZEEKR
• ASPARK CO. LTD
• LOTUS
• BUGATTI RIMAC D.O.O.
• NIO
• CANOO

Recent Developments

• In August 2024, Protean Electric announced the successful validation of its Generation 5 (Gen 5) in-wheel motor (IWM), which delivers a peak torque of 1,500 Nm for an 18-inch IWM. This validation was achieved through extensive testing, involving over 80 IWMs across 64 test programs, ensuring compliance with all relevant regulations and OEM standards.

• In May 2024, Rivian secured an incentive package worth USD 827 million from the State of Illinois to expand its manufacturing facility in Normal, IL. This funding will support the production of Rivian’s R2, a midsized electric SUV, in addition to the ongoing production of the R1S, R1T, and commercial delivery vehicles.

• In April 2024, Hyundai Mobis launched its MOBION future mobility demonstration vehicle, featuring the e-Corner System and communication lighting technology. MOBION boasts capabilities such as crab-walking, zero-turn rotation, and incorporates various core electrification technologies, including electric drive motors, inverters, and battery system assemblies.

• In April 2024, ZF and Foxconn entered into a joint venture agreement, with Foxconn acquiring a 50% stake in ZF Chassis Modules GmbH. This partnership strengthens the collaboration between the two companies in passenger car chassis systems, while also supporting ZF’s broader strategic objectives in future mobility, including electric powertrain technologies.

Reasons to Acquire

• Increase your understanding of the market for identifying the most suitable strategies and decisions based on sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends, and factors.
• Gain authentic and granular data access for the ECorner Market to understand the trends and the factors involved in changing market situations.
• Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future.
• In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns.

Report Scope