Electric Vehicle (EV) Transmission Market Insight and Trends 2027
The global Electric Vehicle (EV) Transmission market gathered revenue around USD 5.31 Billion in 2020 and market is set to grow USD 22.01 Billion by the end of 2027 and is estimated to expand at a modest CAGR of 28.0% during the prediction period 2021 to 2027.
-Transmission-Market-Size-2020-to-2027.jpg "Electric Vehicle (EV) Transmission Market Size 2020 to 2027")
Report Coverage
| Report Scope | Details |
| Market Size | USD 22.01 Billion by 2027 |
| Growth Rate | CAGR of 28.0% From 2021 to 2027 |
| Base Year | 2020 |
| Forecast Period | 2021 to 2027 |
| Historic Data | 2017 to 2020 |
| Report coverage | Growth Factors, Revenue Status, Competitive Landscape, and Future Trends |
| Segments Covered | Vehicle Type , Type, Transmission System and Region |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA) |
| Companies Mentioned | AISIN SEIKI CO., LTD., ALLISON TRANSMISSION INC., AVL LIST GmbH, BORGWARNER INC., CONTINENTAL AG, DANA INCORPORATED, EATON CORPORATION PLC, JATCO LTD., SCHAEFFLER TECHNOLOGIES AG & CO. KG, ZF FRIEDRICHSHAFEN AG. |
Growth Factors:
The market 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.
In addition, many leading players operating in the EV transmission market are working on multi-speed transmission sailing operation and load shifting capability for electric vehicle and planning to launch the same in future. The development of electric vehicle is gathering momentum at a significant rate, owing to the need to meet government emission targets and future fuel consumption. Attributed to this remarkable growth and continuous development in battery driven automobiles, restraints related to vehicle weight, battery capacity, and others that hinder the growth of the electric vehicle industry are expected to be eliminated during the forecast period.
Factors such as rise in demand for fuel efficient and low-emission vehicles and growth in production of electric vehicles are driving the EV transmission market growth. In addition, government initiatives to support adoption of electric vehicle are anticipated to boost the growth of the market. However, high cost of electric vehicles is hindering the growth of the electric vehicle (EV) transmission market. Furthermore, technological advancements in electric vehicles and incorporation of Vehicle-To-Grid (V2g) EV charging stations are expected to provide remarkable growth opportunities for the key players operating in the EV transmission market.
This research report purposes at stressing the most lucrative growth prospects. The aim of the research report is to provide an inclusive valuation of the Electric Vehicle (EV) Transmission market and it encompasses thoughtful visions, actualities, industry-validated market findings, historic data, and prognoses by means of appropriate set of assumptions and practice. Global Electric Vehicle (EV) Transmission market report aids in comprehending market structure and dynamics by recognizing and scrutinizing the market sectors and predicted the global market outlook.
COVID-19 Impact Assessment on Market Landscape
The report comprises the scrutiny of COVID-19 lock-down impact on the income of market leaders, disrupters and followers. Since lock down was instigated differently in diverse regions and nations, influence of same is also dissimilar across various industry verticals. The research report offers present short-term and long-term influence on the market to assist market participants across value chain makers to formulate the framework for short term and long-lasting tactics for recovery and by region.
Electric Vehicle (EV) Transmission market Report empowers readers with all-inclusive market intelligence and offers a granular outline of the market they are operational in. Further this research study delivers exceptional combination of tangible perceptions and qualitative scrutiny to aid companies accomplishes sustainable growth. This report employs industry-leading research practices and tools to assemble all-inclusive market studies, intermingled with pertinent data. Additionally, this report also emphases on the competitive examination of crucial players by analyzing their product portfolio, pricing, gross margins, financial position, growth approaches, and regional occurrence.
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.
Competitive Rivalry
Foremost players in the market are attentive on adopting corporation strategies to enhance their market share. Some of the prominent tactics undertaken by leading market participants in order to sustain the fierce market completion include collaborations, acquisitions, substantial spending in R&D and the improvement of new-fangled products or reforms among others.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
Some of the prominent players in the Electric Vehicle (EV) Transmission Market include: AISIN SEIKI CO., LTD., ALLISON TRANSMISSION INC., AVL LIST GmbH, BORGWARNER INC., CONTINENTAL AG, DANA INCORPORATED, EATON CORPORATION PLC, JATCO LTD., SCHAEFFLER TECHNOLOGIES AG & CO. KG, ZF FRIEDRICHSHAFEN AG
Unravelling the Critical Segments
This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects including product type, application/end-user, and region. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for period 2017 to 2027 and covers subsequent region in its scope:
Market Segments
By Geography
North America
Europe
Asia Pacific
Latin America
Middle East & Africa (MEA)
Highlights of the Report:
Research Methodology
In the study, a unique research methodology is utilized to conduct extensive research on the growth of the Electric Vehicle (EV) Transmission market, and reach conclusions on the future growth parameters of the market. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the conclusions.
Secondary resources referred to by analysts during the production of the Electric Vehicle (EV) Transmission market study are as follows - statistics from government organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, all of whom have contributed to the development of this report as a primary resource.
Comprehensive information acquired from primary and secondary resources acts as a validation from companies in the market, and makes the projections on the growth prospects of the Electric Vehicle (EV) Transmission markets more accurate and reliable.
Secondary Research
It involves company databases such as Hoover's: This assists us recognize financial information, structure of the market participants and industry competitive landscape.
The secondary research sources referred in the process are as follows:
Primary Research
Primary research includes face-to face interviews, online surveys, and telephonic interviews.
Industry participants involved in this research study include:
Key Points Covered in Electric Vehicle (EV) Transmission market Study:
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
Chapter 7. Global Electric Vehicle (EV) Transmission Market, By Vehicle Type
7.1. Electric Vehicle (EV) Transmission Market, By Vehicle Type, 2021-2027
7.1.1. Passenger electric vehicle
7.1.1.1. Market Revenue and Forecast (2016-2027)
7.1.2. Commercial electric vehicle
7.1.2.1. Market Revenue and Forecast (2016-2027)
7.1.3. Off-highway electric vehicle
7.1.3.1. Market Revenue and Forecast (2016-2027)
Chapter 8. Global Electric Vehicle (EV) Transmission Market, By Type
8.1. Electric Vehicle (EV) Transmission Market, By Type, 2021-2027
8.1.1. Single Speed
8.1.1.1. Market Revenue and Forecast (2016-2027)
8.1.2. Multi Speed
8.1.2.1. Market Revenue and Forecast (2016-2027)
Chapter 9. Global Electric Vehicle (EV) Transmission Market, By Transmission System
9.1. Electric Vehicle (EV) Transmission Market, By Transmission System, 2021-2027
9.1.1. Automated manual transmissions
9.1.1.1. Market Revenue and Forecast (2016-2027)
9.1.2. Continuously variable transmissions
9.1.2.1. Market Revenue and Forecast (2016-2027)
9.1.3. Dedicated hybrid transmission/dual clutch transmission
9.1.3.1. Market Revenue and Forecast (2016-2027)
9.1.4. Automatic transmission
9.1.4.1. Market Revenue and Forecast (2016-2027)
Chapter 10.Global Electric Vehicle (EV) Transmission Market, Regional Estimates and Trend Forecast
10.1. North America
10.1.1. Market Revenue and Forecast, By Vehicle Type (2016-2027)
10.1.2. Market Revenue and Forecast, By Type (2016-2027)
10.1.3. Market Revenue and Forecast, By Transmission System (2016-2027)
10.1.4. U.S.
10.1.4.1. Market Revenue and Forecast, By Vehicle Type (2016-2027)
10.1.4.2. Market Revenue and Forecast, By Type (2016-2027)
10.1.4.3. Market Revenue and Forecast, By Transmission System (2016-2027)
10.1.5. Rest of North America
10.1.5.1. Market Revenue and Forecast, By Vehicle Type (2016-2027)
10.1.5.2. Market Revenue and Forecast, By Type (2016-2027)
10.1.5.3. Market Revenue and Forecast, By Transmission System (2016-2027)
10.2. Europe
10.2.1. Market Revenue and Forecast, By Vehicle Type (2016-2027)
10.2.2. Market Revenue and Forecast, By Type (2016-2027)
10.2.3. Market Revenue and Forecast, By Transmission System (2016-2027)
10.2.4. UK
10.2.4.1. Market Revenue and Forecast, By Vehicle Type (2016-2027)
10.2.4.2. Market Revenue and Forecast, By Type (2016-2027)
10.2.4.3. Market Revenue and Forecast, By Transmission System (2016-2027)
10.2.5. Germany
10.2.5.1. Market Revenue and Forecast, By Vehicle Type (2016-2027)
10.2.5.2. Market Revenue and Forecast, By Type (2016-2027)
10.2.5.3. Market Revenue and Forecast, By Transmission System (2016-2027)
10.2.6. France
10.2.6.1. Market Revenue and Forecast, By Vehicle Type (2016-2027)
10.2.6.2. Market Revenue and Forecast, By Type (2016-2027)
10.2.6.3. Market Revenue and Forecast, By Transmission System (2016-2027)
10.2.7. Rest of Europe
10.2.7.1. Market Revenue and Forecast, By Vehicle Type (2016-2027)
10.2.7.2. Market Revenue and Forecast, By Type (2016-2027)
10.2.7.3. Market Revenue and Forecast, By Transmission System (2016-2027)
10.3. APAC
10.3.1. Market Revenue and Forecast, By Vehicle Type (2016-2027)
10.3.2. Market Revenue and Forecast, By Type (2016-2027)
10.3.3. Market Revenue and Forecast, By Transmission System (2016-2027)
10.3.4. India
10.3.4.1. Market Revenue and Forecast, By Vehicle Type (2016-2027)
10.3.4.2. Market Revenue and Forecast, By Type (2016-2027)
10.3.4.3. Market Revenue and Forecast, By Transmission System (2016-2027)
10.3.5. China
10.3.5.1. Market Revenue and Forecast, By Vehicle Type (2016-2027)
10.3.5.2. Market Revenue and Forecast, By Type (2016-2027)
10.3.5.3. Market Revenue and Forecast, By Transmission System (2016-2027)
10.3.6. Japan
10.3.6.1. Market Revenue and Forecast, By Vehicle Type (2016-2027)
10.3.6.2. Market Revenue and Forecast, By Type (2016-2027)
10.3.6.3. Market Revenue and Forecast, By Transmission System (2016-2027)
10.3.7. Rest of APAC
10.3.7.1. Market Revenue and Forecast, By Vehicle Type (2016-2027)
10.3.7.2. Market Revenue and Forecast, By Type (2016-2027)
10.3.7.3. Market Revenue and Forecast, By Transmission System (2016-2027)
10.4. MEA
10.4.1. Market Revenue and Forecast, By Vehicle Type (2016-2027)
10.4.2. Market Revenue and Forecast, By Type (2016-2027)
10.4.3. Market Revenue and Forecast, By Transmission System (2016-2027)
10.4.4. GCC
10.4.4.1. Market Revenue and Forecast, By Vehicle Type (2016-2027)
10.4.4.2. Market Revenue and Forecast, By Type (2016-2027)
10.4.4.3. Market Revenue and Forecast, By Transmission System (2016-2027)
10.4.5. North Africa
10.4.5.1. Market Revenue and Forecast, By Vehicle Type (2016-2027)
10.4.5.2. Market Revenue and Forecast, By Type (2016-2027)
10.4.5.3. Market Revenue and Forecast, By Transmission System (2016-2027)
10.4.6. South Africa
10.4.6.1. Market Revenue and Forecast, By Vehicle Type (2016-2027)
10.4.6.2. Market Revenue and Forecast, By Type (2016-2027)
10.4.6.3. Market Revenue and Forecast, By Transmission System (2016-2027)
10.4.7. Rest of MEA
10.4.7.1. Market Revenue and Forecast, By Vehicle Type (2016-2027)
10.4.7.2. Market Revenue and Forecast, By Type (2016-2027)
10.4.7.3. Market Revenue and Forecast, By Transmission System (2016-2027)
10.5. Latin America
10.5.1. Market Revenue and Forecast, By Vehicle Type (2016-2027)
10.5.2. Market Revenue and Forecast, By Type (2016-2027)
10.5.3. Market Revenue and Forecast, By Transmission System (2016-2027)
10.5.4. Brazil
10.5.4.1. Market Revenue and Forecast, By Vehicle Type (2016-2027)
10.5.4.2. Market Revenue and Forecast, By Type (2016-2027)
10.5.4.3. Market Revenue and Forecast, By Transmission System (2016-2027)
10.5.5. Rest of LATAM
10.5.5.1. Market Revenue and Forecast, By Vehicle Type (2016-2027)
10.5.5.2. Market Revenue and Forecast, By Type (2016-2027)
10.5.5.3. Market Revenue and Forecast, By Transmission System (2016-2027)
Chapter 11. Company Profiles
11.1. AISIN SEIKI CO., LTD.
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. ALLISON TRANSMISSION INC.
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. AVL LIST GmbH
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. BORGWARNER INC.
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. Recent Initiatives
11.5. CONTINENTAL AG
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. DANA INCORPORATED
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. ATON CORPORATION PLC
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
11.8. JATCO LTD.
11.8.1. Company Overview
11.8.2. Product Offerings
11.8.3. Financial Performance
11.8.4. Recent Initiatives
11.9. SCHAEFFLER TECHNOLOGIES AG & CO. KG
11.9.1. Company Overview
11.9.2. Product Offerings
11.9.3. Financial Performance
11.9.4. Recent Initiatives
11.10. ZF FRIEDRICHSHAFEN AG
11.10.1. Company Overview
11.10.2. Product Offerings
11.10.3. Financial Performance
11.10.4. Recent Initiatives
Chapter 12. Research Methodology
12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions
Chapter 13. Appendix
13.1. About Us
13.2. Glossary of Terms
Cross-segment Market Size and Analysis for Mentioned Segments
Additional Company Profiles
(Upto 5 With No Cost)
Additional Countries (Apart
From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers