Market Overview:
The global EV reduction gears 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 (EVs) and plug-in hybrid electric vehicles (PHEVs). In addition, the growing awareness about the benefits of using EVs is also contributing to the growth of this market. The global EV reduction gears market can be segmented on the basis of type into single stage type and multi stage type. The single stage type segment is expected to account for a major share of this market in 2018. However, the multi stage type segment is projected to grow at a higher CAGR during the forecast period from 2018 to 2030. This can be attributed to its ability to handle high power and torque loads, which makes it suitable for use in heavy-duty applications such as mining and construction equipment. On the basis of application, this market can be divided into EVs and PHEVs.
Product Definition:
EV Reduction Gears are gears that reduce the voltage of an electric signal. They are used to prevent overloading of electrical equipment and to protect people from electrical shock.
Single Stage Type:
Single-stage type reduction gears are used to reduce the speed of a driven (or rotating) member by transforming its rotational motion into linear movement. Single stage type reduction gears are mainly used in electric vehicles where they help in increasing the battery capacity and efficiency of an electric motor.
The growing demand for Electric Vehicles (EVs), rising concerns regarding global warming, and decreasing oil & gas reserves have triggered innovation in energy storage systems.
Multi Stage Type:
Multi-stage type reduction gears are used in electric vehicles to reduce the speed of the vehicle. The gearbox used in electric vehicles has a maximum output of 200 kW and needs to be shifted by using different types of reduction gears, depending upon the engine speed. The multi-stage type reduces the number of teeths engaged in each rotation, thereby reducing its power requirement and improving fuel efficiency.
Application Insights:
The electric vehicle segment dominated the global market in 2017 and is expected to maintain its dominance over the forecast period. The increasing production of EVs, such as Tesla Model S and Nissan LEAF, has boosted demand for reduction gears in this application. In addition, favorable government policies regarding the adoption of EVs are anticipated to further boost demand globally.
The Plug-in Hybrid Electric Vehicle (PHEV) segment is projected to witness significant growth over the forecast period owing to rising sales of Toyota Prius PHEV, Ford Fusion Energi & Volvo XC90 T8 PHEV among others. These vehicles have a hybrid powertrain that includes an electric motor on one side and an internal combustion engine on the other side which enables efficient power transfer from former to latter resulting in higher efficiency than conventional vehicles with only regenerative brakes system installed.
Regional Analysis:
Asia Pacific is anticipated to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing government initiatives and investments in R&D for development of new reduction gears. For instance, China has undertaken numerous initiatives such as “Made in China†initiative and 13th Five Year Plan for promoting domestic manufacturing output by encouraging foreign investment, technology transfer, etc. This has resulted in increased production of electric vehicles (EVs) across the country along with supportive infrastructure facilities required during vehicle manufacturing process.
North America was estimated to account for a significant share owing to high demand from U.S.
Growth Factors:
- Increasing demand for electric vehicles: The global electric vehicle market is expected to grow at a CAGR of more than 28% from 2016 to 2020. 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 around the world are promoting the adoption of electric vehicles through various initiatives and subsidies. For instance, China offers a subsidy of up to ,000 for each electric vehicle purchase, while Norway offers tax exemptions worth up to ,000 on the purchase of an electric car. Such government incentives are likely to drive the growth of the EV Reduction Gears market in coming years.
- Rising demand for hybrid cars: A number of automakers are offering hybrid versions of their popular models in order to meet rising consumer demand for environmentally friendly cars. For instance, Toyota has announced that it will offer 10 new hybrid models by 2020 worldwide. This is likely to boost sales growth prospects for EV Reduction Gears manufacturers in coming years..
Scope Of The Report
Report Attributes
Report Details
Report Title
EV Reduction Gears Market Research Report
By Type
Single Stage Type, Multi Stage Type
By Application
EV, PHEV
By Companies
Borgwarner, HOTA Industrial, GKN, Bosch, Aichi Machine Industry, ZF, Getrag
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
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global EV Reduction Gears Market Report Segments:
The global EV Reduction Gears 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
EV, PHEV
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
- GKN
- Bosch
- Aichi Machine Industry
- ZF
- Getrag
Highlights of The EV Reduction Gears 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:
- EV
- PHEV
- 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 EV Reduction Gears 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.
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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?
EV Reduction Gears are a type of gear that helps reduce the amount of energy needed to move an object. They work by using the rotational motion of the gears to create a torque, which in turn reduces the amount of power needed. This can be helpful in situations where you need to move an object but don't have enough energy available.
Some of the major companies in the ev reduction gears market are Borgwarner, HOTA Industrial, GKN, Bosch, Aichi Machine Industry, ZF, Getrag.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 EV Reduction Gears 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 EV Reduction Gears Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 EV Reduction Gears 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 EV Reduction Gears 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 EV Reduction Gears Market Size & Forecast, 2018-2028
4.5.1 EV Reduction Gears Market Size and Y-o-Y Growth
4.5.2 EV Reduction Gears Market Absolute $ Opportunity
Chapter 5 Global EV Reduction Gears 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 EV Reduction Gears 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 EV Reduction Gears 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 EV Reduction Gears Market Size Forecast by Applications
6.2.1 EV
6.2.2 PHEV
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global EV Reduction Gears 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 EV Reduction Gears 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 EV Reduction Gears Analysis and Forecast
9.1 Introduction
9.2 North America EV Reduction Gears 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 EV Reduction Gears 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 EV Reduction Gears Market Size Forecast by Applications
9.10.1 EV
9.10.2 PHEV
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 EV Reduction Gears Analysis and Forecast
10.1 Introduction
10.2 Europe EV Reduction Gears 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 EV Reduction Gears 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 EV Reduction Gears Market Size Forecast by Applications
10.10.1 EV
10.10.2 PHEV
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 EV Reduction Gears Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific EV Reduction Gears 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 EV Reduction Gears 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 EV Reduction Gears Market Size Forecast by Applications
11.10.1 EV
11.10.2 PHEV
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 EV Reduction Gears Analysis and Forecast
12.1 Introduction
12.2 Latin America EV Reduction Gears 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 EV Reduction Gears 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 EV Reduction Gears Market Size Forecast by Applications
12.10.1 EV
12.10.2 PHEV
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) EV Reduction Gears Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) EV Reduction Gears 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) EV Reduction Gears 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) EV Reduction Gears Market Size Forecast by Applications
13.10.1 EV
13.10.2 PHEV
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 EV Reduction Gears Market: Competitive Dashboard
14.2 Global EV Reduction Gears 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 GKN
14.3.4 Bosch
14.3.5 Aichi Machine Industry
14.3.6 ZF
14.3.7 Getrag
