Market Overview:
The global electric vehicle transmission market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in this market 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 globally. In addition, governments across various countries are providing incentives and subsidies for purchasing electric vehicles, which is also contributing to the growth of this market. The global electric vehicle transmission market can be segmented on the basis of type into single-gear transmission and multi-gear transmission. The single-gear transmission segment dominated this market in 2017 and is expected to continue its dominance during the forecast period from 2018 to 2030. This can be attributed to its low cost as compared with other types of transmissions available in the market.
Product Definition:
Electric Vehicle Transmission is the component of an electric vehicle that converts the electrical energy from the battery into mechanical energy to power the wheels. Electric Vehicle Transmission is important because it allows electric vehicles to travel at faster speeds and distances than would be possible without it.
Single-Gear Transmission:
Single-gear transmission (SGT) is a mechanical device that serves the function of converting electrical energy into rotating motion. SGT has been used in electric vehicles to increase the vehicle’s range as it requires less power for propulsion. The primary benefit of using SGT is that it helps reduce fuel consumption and hence reduces emission, which is further beneficial for environment conservation.
Multi-Gear Transmission:
Multi-gear transmission is a type of automatic transmission used in electric vehicles (EV) and hybrid electric vehicles (HEV). It uses more than one gear to reduce the rotational speed of the engine. The primary benefit offered by this technology is improved fuel economy, which results in lower carbon emissions. HEVs use multi-gear transmissions as they have fewer gears for driving multiple speeds; whereas EVs use it to increase battery range on a single charge.
Application Insights:
The global electric vehicle transmission market has been segmented on the basis of application into household vehicles and commercial vehicles. The household vehicle segment dominated the overall market in terms of revenue share in 2017, owing to increasing demand for passenger cars among all age groups globally. Moreover, this demand is expected to increase due to rising income levels across all age groups which can be used for payment of down payments and loans for purchasing an electric car. This factor is anticipated to fuel the growth of this segment over the forecast period.
Commercial vehicles are expected to witness significant growth over the forecast period owing primarilyto increased utilizationof Electric Motor Driven Vehicles (EMDV). These types of vehicles have higher power requirements as compared with conventional Internal Combustion (IC) engine trucks resulting in a needfor more powerful transmissions that can withstand high torque output from electric motors efficiently without any loss or degradation in performance.
Regional Analysis:
The Asia Pacific accounted for the largest market share in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing increasing sales of electric vehicles, which has resulted in growing demand for EVT. China accounts for a major share in terms of production as well as sales owing to low production cost coupled with easy availability of resources and labor.
North America is projected to grow at a significant rate over the forecast period owing to increased government funding towards R&D activities pertaining to electric vehicles along with rising consumer preference towards these cars due to their environmental friendliness attributes. Europe also held a considerable market share followed by other regions such as MEA and Latin America, on account of high demand from countries including Norway, France, U-K.
Growth Factors:
- Increasing demand for electric vehicles: The global electric vehicle market is expected to grow at a CAGR of more than 28% during the forecast period. This is mainly due to the increasing awareness about the benefits of electric vehicles over traditional gasoline-powered vehicles, such as lower emissions and fuel costs.
- Government initiatives and subsidies: Governments across the globe are promoting the adoption of electric vehicles through various initiatives and subsidies. For instance, in China, a subsidy of up to ,800 is offered on each new electric vehicle purchase. This is expected to drive the growth of the electric vehicle transmission market during the forecast period.
- Technological advancements: The development of next-generation technologies such as high-voltage direct current (HVDC) transmission systems has led to an increase in efficiency and performance levels for Electric Vehicle Transmission systems market players globally .This is likely to boost demand for Electric Vehicle Transmission systems in coming years .
Scope Of The Report
Report Attributes
Report Details
Report Title
Electric Vehicle Transmission Market Research Report
By Type
Single-Gear Transmission, Multi-Gear Transmission
By Application
Household Vehicle, Commercial Vehicle
By Companies
GKN, ZF, Antonov
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
169
Number of Tables & Figures
119
Customization Available
Yes, the report can be customized as per your need.
Global Electric Vehicle Transmission Market Report Segments:
The global Electric Vehicle Transmission market is segmented on the basis of:
Types
Single-Gear Transmission, Multi-Gear Transmission
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
Household Vehicle, Commercial Vehicle
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:
- GKN
- ZF
- Antonov
Highlights of The Electric Vehicle Transmission 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-Gear Transmission
- Multi-Gear Transmission
- By Application:
- Household Vehicle
- Commercial Vehicle
- 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 Transmission 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?
Electric vehicle transmission is a type of automatic transmission that uses electricity to power the internal gears. This type of transmission is usually found in electric cars and trucks.
Some of the key players operating in the electric vehicle transmission market are GKN, ZF, Antonov.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Electric Vehicle Transmission 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 Transmission Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Electric Vehicle Transmission 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 Transmission 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 Transmission Market Size & Forecast, 2018-2028
4.5.1 Electric Vehicle Transmission Market Size and Y-o-Y Growth
4.5.2 Electric Vehicle Transmission Market Absolute $ Opportunity
Chapter 5 Global Electric Vehicle Transmission 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 Transmission Market Size Forecast by Type
5.2.1 Single-Gear Transmission
5.2.2 Multi-Gear Transmission
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Electric Vehicle Transmission 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 Transmission Market Size Forecast by Applications
6.2.1 Household Vehicle
6.2.2 Commercial Vehicle
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Electric Vehicle Transmission 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 Transmission 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 Transmission Analysis and Forecast
9.1 Introduction
9.2 North America Electric Vehicle Transmission 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 Transmission Market Size Forecast by Type
9.6.1 Single-Gear Transmission
9.6.2 Multi-Gear Transmission
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 Transmission Market Size Forecast by Applications
9.10.1 Household Vehicle
9.10.2 Commercial Vehicle
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 Transmission Analysis and Forecast
10.1 Introduction
10.2 Europe Electric Vehicle Transmission 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 Transmission Market Size Forecast by Type
10.6.1 Single-Gear Transmission
10.6.2 Multi-Gear Transmission
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 Transmission Market Size Forecast by Applications
10.10.1 Household Vehicle
10.10.2 Commercial Vehicle
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 Transmission Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Electric Vehicle Transmission 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 Transmission Market Size Forecast by Type
11.6.1 Single-Gear Transmission
11.6.2 Multi-Gear Transmission
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 Transmission Market Size Forecast by Applications
11.10.1 Household Vehicle
11.10.2 Commercial Vehicle
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 Transmission Analysis and Forecast
12.1 Introduction
12.2 Latin America Electric Vehicle Transmission 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 Transmission Market Size Forecast by Type
12.6.1 Single-Gear Transmission
12.6.2 Multi-Gear Transmission
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 Transmission Market Size Forecast by Applications
12.10.1 Household Vehicle
12.10.2 Commercial Vehicle
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 Transmission Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Electric Vehicle Transmission 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 Transmission Market Size Forecast by Type
13.6.1 Single-Gear Transmission
13.6.2 Multi-Gear Transmission
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 Transmission Market Size Forecast by Applications
13.10.1 Household Vehicle
13.10.2 Commercial Vehicle
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 Transmission Market: Competitive Dashboard
14.2 Global Electric Vehicle Transmission Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 GKN
14.3.2 ZF
14.3.3 Antonov
