Market Overview:
The global electric vehicle speed reducer market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for electric vehicles across the globe. Electric vehicles are powered by electricity and do not emit harmful gases, which makes them environment-friendly. This is one of the major factors that is driving the demand for electric vehicles, thereby propelling the growth of the global electric vehicle speed reducer market. The global electric vehicle speed reducer market can be segmented on the basis of type into single stage type and multi stage type. The single stage type segment dominates the global electric vehicle speed reducer market, followed by multi stage type. On account of their high efficiency and low noise levels, single stage types are preferred over multi-stage types in most applications such as PHEVs (plug-in hybrid EVs) and BEVs (battery EVs). However, in certain cases where higher torque or power transmission is required, multiple stages are used instead of a single stage unit. On basis application, PHEVs accounted for majority share in 2017 and this trend is expected to continue during forecast period as well owing to increase adoption rate globally coupled with government initiatives towards promotion & development EV infrastructure . BEVs held second largest share in 2017 due its advantages such as no emissions ,lower running cost etc.
Product Definition:
An electric vehicle speed reducer is a device used to decrease the speed of an electric motor. This is important because it allows for better control of the vehicle and can help increase battery life.
Single Stage Type:
Single-stage speed reducers are used to control the vehicle's speed. They are mainly used in electric vehicles as they help in saving fuel and reduce pollution. The market is expected to grow at a significant rate owing to increasing government regulations on reducing air pollution caused by vehicles, especially in urban areas.
Multi Stage Type:
Multi-stage type speed reducers are used in electric vehicles to decrease the vehicle's speed. The reduction in vehicle's velocity results in reducing the power consumption of the engine, which further reduces carbon emissions and fuel consumption. Multi stage type speed reducers have a significant impact on improving fuel efficiency and reduce harmful vehicular emissions.
Application Insights:
The application segment includes plug-in hybrid electric vehicles (PHEV) and battery electric vehicles (BEV). The market for EV speed reducer is categorized on the basis of application as PHEV and BEV. The demand for EV speed reducers in the Asia Pacific region is anticipated to register a CAGR of XX% from 2018 to 2030 owing to supportive government initiatives, such as Highways Infrastructure Development Fund, China; Japan 2020; India Hybrid Vehicle Mission Plan 2021; and Germany ¢â‚¬Å“EZB¢â‚¬ plan towards Increasing Electric Vehicles Deployment.
North America was the largest regional market for EVs in 2017 with over 78,000 units sold during that year. Growing awareness regarding reduced vehicle emissions coupled with favorable government regulations has resulted in increased sales of EVs across the U.S.
Regional Analysis:
North America dominated the global market in terms of revenue share in 2017. The region is expected to maintain its dominance over the forecast period as well owing to increasing adoption of electric vehicles and favorable government initiatives across countries, such as U.S., Canada, and Mexico. For instance, in 2015, California state assembly passed a bill that imposed no more than 0 per vehicle registration fee on any electric car or plug-in hybrid from 2016 – 2025.
Europe accounted for a significant share in terms of volume as well as revenue generation due to high demand for BEVs from major markets including Germany and UK among other countries thereon influencing regional growth positively. Asia Pacific is anticipated to register fastest CAGR during the forecast period owing primarilyto increased production facilities set up by key manufacturers including Tesla Motors Inc.; Panasonic Corporation; BYD Auto Co.
Growth Factors:
- Increasing demand for electric vehicles
- Government initiatives and subsidies for electric vehicles
- Rising awareness about the benefits of electric vehicles
- Technological advancements in electric vehicle speed reducers
- Growing demand from emerging markets
Scope Of The Report
Report Attributes
Report Details
Report Title
Electric Vehicle Speed Reducer Market Research Report
By Type
Single Stage Type, Multi Stage Type
By Application
PHEV, BEV
By Companies
Borgwarner, HOTA Industrial, SAGW, GKN, Tsingshan Industry, ZF, Bosch, Zhuzhou Gear, Aichi Machine Industry, Magna International, HYCET E-Chuang, Zhejiang Wanliyang
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
177
Number of Tables & Figures
124
Customization Available
Yes, the report can be customized as per your need.
Global Electric Vehicle Speed Reducer Market Report Segments:
The global Electric Vehicle Speed Reducer market is segmented on the basis of:
Types
Single Stage Type, Multi Stage Type
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
PHEV, BEV
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Borgwarner
- HOTA Industrial
- SAGW
- GKN
- Tsingshan Industry
- ZF
- Bosch
- Zhuzhou Gear
- Aichi Machine Industry
- Magna International
- HYCET E-Chuang
- Zhejiang Wanliyang
Highlights of The Electric Vehicle Speed Reducer Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Single Stage Type
- Multi Stage Type
- By Application:
- PHEV
- BEV
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Electric Vehicle Speed Reducer Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An electric vehicle speed reducer is a device that reduces the speed of an electric vehicle.
Some of the key players operating in the electric vehicle speed reducer market are Borgwarner, HOTA Industrial, SAGW, GKN, Tsingshan Industry, ZF, Bosch, Zhuzhou Gear, Aichi Machine Industry, Magna International, HYCET E-Chuang, Zhejiang Wanliyang.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Electric Vehicle Speed Reducer Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Electric Vehicle Speed Reducer Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Electric Vehicle Speed Reducer Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Electric Vehicle Speed Reducer Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Electric Vehicle Speed Reducer Market Size & Forecast, 2018-2028
4.5.1 Electric Vehicle Speed Reducer Market Size and Y-o-Y Growth
4.5.2 Electric Vehicle Speed Reducer Market Absolute $ Opportunity
Chapter 5 Global Electric Vehicle Speed Reducer Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Electric Vehicle Speed Reducer Market Size Forecast by Type
5.2.1 Single Stage Type
5.2.2 Multi Stage Type
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Electric Vehicle Speed Reducer Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Electric Vehicle Speed Reducer Market Size Forecast by Applications
6.2.1 PHEV
6.2.2 BEV
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Electric Vehicle Speed Reducer Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Electric Vehicle Speed Reducer Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Electric Vehicle Speed Reducer Analysis and Forecast
9.1 Introduction
9.2 North America Electric Vehicle Speed Reducer Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Electric Vehicle Speed Reducer Market Size Forecast by Type
9.6.1 Single Stage Type
9.6.2 Multi Stage Type
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Electric Vehicle Speed Reducer Market Size Forecast by Applications
9.10.1 PHEV
9.10.2 BEV
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Electric Vehicle Speed Reducer Analysis and Forecast
10.1 Introduction
10.2 Europe Electric Vehicle Speed Reducer Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Electric Vehicle Speed Reducer Market Size Forecast by Type
10.6.1 Single Stage Type
10.6.2 Multi Stage Type
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Electric Vehicle Speed Reducer Market Size Forecast by Applications
10.10.1 PHEV
10.10.2 BEV
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Electric Vehicle Speed Reducer Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Electric Vehicle Speed Reducer Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Electric Vehicle Speed Reducer Market Size Forecast by Type
11.6.1 Single Stage Type
11.6.2 Multi Stage Type
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Electric Vehicle Speed Reducer Market Size Forecast by Applications
11.10.1 PHEV
11.10.2 BEV
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Electric Vehicle Speed Reducer Analysis and Forecast
12.1 Introduction
12.2 Latin America Electric Vehicle Speed Reducer Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Electric Vehicle Speed Reducer Market Size Forecast by Type
12.6.1 Single Stage Type
12.6.2 Multi Stage Type
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Electric Vehicle Speed Reducer Market Size Forecast by Applications
12.10.1 PHEV
12.10.2 BEV
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Electric Vehicle Speed Reducer Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Electric Vehicle Speed Reducer Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Electric Vehicle Speed Reducer Market Size Forecast by Type
13.6.1 Single Stage Type
13.6.2 Multi Stage Type
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Electric Vehicle Speed Reducer Market Size Forecast by Applications
13.10.1 PHEV
13.10.2 BEV
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Electric Vehicle Speed Reducer Market: Competitive Dashboard
14.2 Global Electric Vehicle Speed Reducer Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Borgwarner
14.3.2 HOTA Industrial
14.3.3 SAGW
14.3.4 GKN
14.3.5 Tsingshan Industry
14.3.6 ZF
14.3.7 Bosch
14.3.8 Zhuzhou Gear
14.3.9 Aichi Machine Industry
14.3.10 Magna International
14.3.11 HYCET E-Chuang
14.3.12 Zhejiang Wanliyang
