Electric Vehicle Transmission Market Poised to Expand at a Robust Pace Over 2020-2030

Electric Vehicle Transmission: Introduction

An electric vehicle transmission system consists of components that help propel the vehicle. It includes a motor system, control system, and battery system. Developments in electric vehicle transmission system including 4-speed transmission system, help boost the performance of the motor and enhances the range of an electric vehicle.

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Key Drivers of Electric Vehicle Transmission Market

Rise in demand for vehicle electrification across the globe, due to enactment of stringent emission norms worldwide to reduce the emission of harmful gases from vehicles, is likely to boost the electric vehicle transmission market across the globe. Rise in demand for lightweight vehicles and fuel-efficient vehicles across the globe is likely to propel the electric vehicle transmission market across the globe.
Rise in government investment to boost production of electric vehicles across the globe is likely to fuel the electric vehicle transmission market across the globe. Major vehicle manufacturers are trying to increase their electric vehicle power output and also four-speed transmission system, which is likely to boost the electric vehicle transmission market across the globe.

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Europe & Asia Pacific to hold significant share of global electric vehicle transmission market

Europe is projected to hold for a major share of the global electric vehicle transmission market due to a rise in the demand for electric vehicle across the region. Rapid expansion of electric vehicle component manufacturers across the region also boosts the electric vehicle transmission market. Europe has presence of major original equipment manufacturers as well as tier-1 suppliers, including Continental AG and Robert Bosch GmbH who have major facilities that undertake research & development on the electric vehicle drivetrain system, is likely to propel the electric vehicle transmission market across the globe.
Followed by Europe, Asia Pacific is projected to hold a significant share of the global electric vehicle transmission market due to an increase in production of electric vehicles across the region. Asia Pacific has major presence of electric vehicle parts manufacturing industries across China, India, and Japan is anticipated to propel the electric vehicle transmission market across Asia Pacific.

Key Players Operating in Electric Vehicle Transmission Market

The electric vehicle transmission market is expanding consistently, as a large number of players operate in the market. A few of the key players operating in the electric vehicle transmission market are:

Robert Bosch GmbH

Continental AG
ZF Friedrichshafen AG
Hitachi Automotive Systems Ltd
Magna International
Denso Corporation
Mando Corporation
GKN Plc
BorgWarner Inc.
Xtrac Ltd
Allison Transmission Inc.
EATON Corporation
Dana Limited
Jatco Limited

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Global Electric Vehicle Transmission Market: Research Scope

Global Electric Vehicle Transmission Market, by Electric Vehicle Type

Battery Electric Vehicle (BEV)
Hybrid Electric Vehicle (HEV)
Plug-in Hybrid Electric Vehicle (PHEV)

Global Electric Vehicle Transmission Market, by Vehicle Type

Passenger Vehicle
Commercial Vehicle

Global Electric Vehicle Transmission Market, by Type

Single Speed
Multi Speed

Global Electric Vehicle Transmission Market, by Transmission Type

AMT Transmission
AT Transmission
CVT Transmission

Global Electric Vehicle Transmission Market, by Sales Channel

OEM
Aftermarket

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

Customer Experience Maps
Insights and Tools based on data-driven research
Actionable Results to meet all the business priorities
Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

North America
Asia Pacific
Europe
Latin America
The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

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