NEW YORK, Jan. 24, 2023 /PRNewswire/ — According to Technavio, the global electric vehicle transmission system market size is estimated to grow by USD 24604.48 million from 2022 to 2027. The market is estimated to grow at a CAGR of 25.84% during the forecast period. APAC held the largest share of the global market in 2022, and the market in the region is estimated to witness an incremental growth of 49%. COVID-19 had the most negative impact on the global automotive industry in recent years, resulting in a steep fall in demand and a large-scale disruption of the supply chain. It has exerted intense pressure on an already-stressed global automotive market. Yet, there are high predictions that few countries are bringing manufacturing facilities and production back on track, indicating that the supply side is on a restoration line. For more insights on the Electric vehicle transmission system market, Request a sample report
Technavio has announced its latest market research report titled Global Electric Vehicle Transmission System Market 2023-2027
Leading trends influencing the market
The increase in the popularity of e-axle systems is a key trend in the market.
The increasing focus on reducing the overall weight of the vehicle has led EV manufacturers to prefer e-axle systems.
EV manufacturers are integrating electric motors with a rigid rear axle in a single streamlined module to improve efficiency.
This system eliminates the need for a propulsion system that relies on the centrally positioned motor and propeller shaft to transfer power to the rear wheels.
E-axle systems not only aid in weight reduction but also free-up space that can be used for the installation of a battery with a longer range.
To know more, – buy the report!
Electric vehicle transmission system market – Five Forces
The global cloud data warehouse market is fragmented, and the five forces analysis covers–
Bargaining Power of Buyers
The threat of New Entrants
Threat of Rivalry
Bargaining Power of Suppliers
Threat of Substitutes
Electric vehicle transmission system market – Customer Landscape
The report includes the market’s adoption lifecycle, from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Electric vehicle transmission system market – Segmentation Assessment
Segment Overview
Technavio has segmented the market based on the type (single-speed transmission and multi-speed transmission), application (battery electric vehicle (BEV), plug-in hybrid electric vehicle (PHEV), and fuel cell electric vehicle (FCEV)), and geography (APAC, Europe, North America, South America, and Middle East and Africa).
The market growth in single-speed transmission segment will be significant during the forecast period. Single-speed transmission systems were predominantly adopted in all EVs. They have a less complex design, which has increased their penetration in EVs.
Geography Overview
By geography, the global electric vehicle transmission system market is segmented into APAC, Europe, North America, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global electric vehicle transmission system market.
APAC will account for 49% of the market growth during the forecast period. Factors such as government initiatives to go green, increasing stringent carbon emission norms, an increase in the number of EV charging stations, and advances in EV technologies are driving the growth of the regional market.
Electric vehicle transmission system market – Market Dynamics
Key factor driving market growth
The market is driven by the increasing demand for BEVs.
The sales of BEVs has increased significantly over the years. These vehicles account for more than 6% of global EV sales annually.
The demand for BEVs is expected to increase further during the forecast period with advances in EV technologies, improvements in charging infrastructure and improving socioeconomic conditions.
This will act as a driving force for the market as BEVs use all-electric powertrains and related systems and components.
Major challenges hindering market growth
The lack of adequate supporting infrastructure for EVs is a major challenge hindering market growth.
The lack of charging infrastructure has remained a barrier to the adoption of EVs.
Among the totally available publicly accessible chargers, a majority of them are slow chargers.
Also, most fast-charging outlets are located only in urban areas.
The need for regular maintenance of charging outlets is another operational challenge that is reducing the growth potential in the market.
What are the key data covered in this electric vehicle transmission system market report?
CAGR of the market during the forecast period
Detailed information on factors that will drive the growth of the electric vehicle transmission system market between 2023 and 2027
Precise estimation of the size of the electric vehicle transmission system market size and its contribution to the market in focus on the parent market
Accurate predictions about upcoming trends and changes in consumer behavior
Growth of the electric vehicle transmission system market industry across APAC, Europe, North America, South America, and Middle East and Africa
A thorough analysis of the market’s competitive landscape and detailed information about vendors
Comprehensive analysis of factors that will challenge the growth of electric vehicle transmission system market vendors
Gain instant access to 17,000+ market research reports.
Technavio’s SUBSCRIPTION platform
Related Reports:
The electric vehicle (EV) motor market is estimated to grow at a CAGR of 20.87% between 2022 and 2027. The size of the market is forecast to increase by USD 14,492.96 million. The increasing average miles driven by EVs on a single charge are notably driving the market growth, although factors such as lack of operational infrastructure in emerging markets may impede the market growth.
The EV charging adapter market is estimated to decline at a CAGR of 25.08% between 2022 and 2027. The size of the market is forecast to increase by USD 6,318.88 million. The increasing EV sales through tax incentives pushing demand for well-built EV charger infrastructure are notably driving the market growth, although factors such as increasing cost pressure adversely affecting sales of AC level 2 and DC fast chargers may impede the market growth.
|
Electric Vehicle Transmission System Market Scope |
|
|
Report Coverage |
Details |
|
Page number |
176 |
|
Base year |
2022 |
|
Historic period |
2017-2021 |
|
Forecast period |
2023-2027 |
|
Growth momentum & CAGR |
Accelerate at a CAGR of 25.84% |
|
Market growth 2023-2027 |
USD 24604.48 million |
|
Market structure |
Fragmented |
|
YoY growth 2022-2023 (%) |
23.95 |
|
Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
|
Performing market contribution |
APAC at 49% |
|
Key countries |
US, China, Norway, Germany, and UK |
|
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
|
Key companies profiled |
Aisin Corp., Allison Transmission Holdings Inc., AVL List GmbH, BorgWarner Inc., Divgi TorqTransfer Systems, Eaton Corp. Plc, GKN Automotive Ltd., Hewland Engineering Ltd., Hitachi Ltd., JATCO Ltd., Magna International Inc., Magnetic Systems Technology, Marposs Spa, Mitsubishi Electric Corp., OC Oerlikon Corp. AG, Ricardo Plc, Robert Bosch GmbH, Schaeffler AG, Xtrac Ltd., and ZF Friedrichshafen AG. |
|
Market dynamics |
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period. |
|
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of contents:
1 Executive Summary
1.1 Market overview
Exhibit 01: Executive Summary – Chart on Market Overview
Exhibit 02: Executive Summary – Data Table on Market Overview
Exhibit 03: Executive Summary – Chart on Global Market Characteristics
Exhibit 04: Executive Summary – Chart on Market by Geography
Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
Exhibit 07: Executive Summary – Chart on Incremental Growth
Exhibit 08: Executive Summary – Data Table on Incremental Growth
Exhibit 09: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics
3 Market Sizing
3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
Exhibit 14: Chart on Global – Market size and forecast 2022-2027 ($ million)
Exhibit 15: Data Table on Global – Market size and forecast 2022-2027 ($ million)
Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
4.1 Global electric vehicle transmission system market 2017 – 2021
Exhibit 18: Historic Market Size – Data Table on Global electric vehicle transmission system market 2017 – 2021 ($ million)
4.2 Type Segment Analysis 2017 – 2021
Exhibit 19: Historic Market Size – Type Segment 2017 – 2021 ($ million)
4.3 Application Segment Analysis 2017 – 2021
Exhibit 20: Historic Market Size – Application Segment 2017 – 2021 ($ million)
4.4 Geography Segment Analysis 2017 – 2021
Exhibit 21: Historic Market Size – Geography Segment 2017 – 2021 ($ million)
4.5 Country Segment Analysis 2017 – 2021
Exhibit 22: Historic Market Size – Country Segment 2017 – 2021 ($ million)
5 Five Forces Analysis
5.1 Five forces summary
Exhibit 23: Five forces analysis – Comparison between 2022 and 2027
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
5.7 Market condition
Exhibit 29: Chart on Market condition – Five forces 2022 and 2027
6 Market Segmentation by Type
6.1 Market segments
Exhibit 30: Chart on Type – Market share 2022-2027 (%)
Exhibit 31: Data Table on Type – Market share 2022-2027 (%)
6.2 Comparison by Type
Exhibit 32: Chart on Comparison by Type
Exhibit 33: Data Table on Comparison by Type
6.3 Single-speed transmission – Market size and forecast 2022-2027
Exhibit 34: Chart on Single-speed transmission – Market size and forecast 2022-2027 ($ million)
Exhibit 35: Data Table on Single-speed transmission – Market size and forecast 2022-2027 ($ million)
Exhibit 36: Chart on Single-speed transmission – Year-over-year growth 2022-2027 (%)
Exhibit 37: Data Table on Single-speed transmission – Year-over-year growth 2022-2027 (%)
6.4 Multi-speed transmission – Market size and forecast 2022-2027
Exhibit 38: Chart on Multi-speed transmission – Market size and forecast 2022-2027 ($ million)
Exhibit 39: Data Table on Multi-speed transmission – Market size and forecast 2022-2027 ($ million)
Exhibit 40: Chart on Multi-speed transmission – Year-over-year growth 2022-2027 (%)
Exhibit 41: Data Table on Multi-speed transmission – Year-over-year growth 2022-2027 (%)
6.5 Market opportunity by Type
Exhibit 42: Market opportunity by Type ($ million)
7 Market Segmentation by Application
7.1 Market segments
Exhibit 43: Chart on Application – Market share 2022-2027 (%)
Exhibit 44: Data Table on Application – Market share 2022-2027 (%)
7.2 Comparison by Application
Exhibit 45: Chart on Comparison by Application
Exhibit 46: Data Table on Comparison by Application
7.3 Battery electric vehicle (BEV) – Market size and forecast 2022-2027
Exhibit 47: Chart on Battery electric vehicle (BEV) – Market size and forecast 2022-2027 ($ million)
Exhibit 48: Data Table on Battery electric vehicle (BEV) – Market size and forecast 2022-2027 ($ million)
Exhibit 49: Chart on Battery electric vehicle (BEV) – Year-over-year growth 2022-2027 (%)
Exhibit 50: Data Table on Battery electric vehicle (BEV) – Year-over-year growth 2022-2027 (%)
7.4 Plug-in hybrid electric vehicle (PHEV) – Market size and forecast 2022-2027
Exhibit 51: Chart on Plug-in hybrid electric vehicle (PHEV) – Market size and forecast 2022-2027 ($ million)
Exhibit 52: Data Table on Plug-in hybrid electric vehicle (PHEV) – Market size and forecast 2022-2027 ($ million)
Exhibit 53: Chart on Plug-in hybrid electric vehicle (PHEV) – Year-over-year growth 2022-2027 (%)
Exhibit 54: Data Table on Plug-in hybrid electric vehicle (PHEV) – Year-over-year growth 2022-2027 (%)
7.5 Fuel cell electric vehicle (FCEV) – Market size and forecast 2022-2027
Exhibit 55: Chart on Fuel cell electric vehicle (FCEV) – Market size and forecast 2022-2027 ($ million)
Exhibit 56: Data Table on Fuel cell electric vehicle (FCEV) – Market size and forecast 2022-2027 ($ million)
Exhibit 57: Chart on Fuel cell electric vehicle (FCEV) – Year-over-year growth 2022-2027 (%)
Exhibit 58: Data Table on Fuel cell electric vehicle (FCEV) – Year-over-year growth 2022-2027 (%)
7.6 Market opportunity by Application
Exhibit 59: Market opportunity by Application ($ million)
8 Customer Landscape
8.1 Customer landscape overview
Exhibit 60: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
9.1 Geographic segmentation
Exhibit 61: Chart on Market share by geography 2022-2027 (%)
Exhibit 62: Data Table on Market share by geography 2022-2027 (%)
9.2 Geographic comparison
Exhibit 63: Chart on Geographic comparison
Exhibit 64: Data Table on Geographic comparison
9.3 APAC – Market size and forecast 2022-2027
Exhibit 65: Chart on APAC – Market size and forecast 2022-2027 ($ million)
Exhibit 66: Data Table on APAC – Market size and forecast 2022-2027 ($ million)
Exhibit 67: Chart on APAC – Year-over-year growth 2022-2027 (%)
Exhibit 68: Data Table on APAC – Year-over-year growth 2022-2027 (%)
9.4 Europe – Market size and forecast 2022-2027
Exhibit 69: Chart on Europe – Market size and forecast 2022-2027 ($ million)
Exhibit 70: Data Table on Europe – Market size and forecast 2022-2027 ($ million)
Exhibit 71: Chart on Europe – Year-over-year growth 2022-2027 (%)
Exhibit 72: Data Table on Europe – Year-over-year growth 2022-2027 (%)
9.5 North America – Market size and forecast 2022-2027
Exhibit 73: Chart on North America – Market size and forecast 2022-2027 ($ million)
Exhibit 74: Data Table on North America – Market size and forecast 2022-2027 ($ million)
Exhibit 75: Chart on North America – Year-over-year growth 2022-2027 (%)
Exhibit 76: Data Table on North America – Year-over-year growth 2022-2027 (%)
9.6 South America – Market size and forecast 2022-2027
Exhibit 77: Chart on South America – Market size and forecast 2022-2027 ($ million)
Exhibit 78: Data Table on South America – Market size and forecast 2022-2027 ($ million)
Exhibit 79: Chart on South America – Year-over-year growth 2022-2027 (%)
Exhibit 80: Data Table on South America – Year-over-year growth 2022-2027 (%)
9.7 Middle East and Africa – Market size and forecast 2022-2027
Exhibit 81: Chart on Middle East and Africa – Market size and forecast 2022-2027 ($ million)
Exhibit 82: Data Table on Middle East and Africa – Market size and forecast 2022-2027 ($ million)
Exhibit 83: Chart on Middle East and Africa – Year-over-year growth 2022-2027 (%)
Exhibit 84: Data Table on Middle East and Africa – Year-over-year growth 2022-2027 (%)
9.8 China – Market size and forecast 2022-2027
Exhibit 85: Chart on China – Market size and forecast 2022-2027 ($ million)
Exhibit 86: Data Table on China – Market size and forecast 2022-2027 ($ million)
Exhibit 87: Chart on China – Year-over-year growth 2022-2027 (%)
Exhibit 88: Data Table on China – Year-over-year growth 2022-2027 (%)
9.9 US – Market size and forecast 2022-2027
Exhibit 89: Chart on US – Market size and forecast 2022-2027 ($ million)
Exhibit 90: Data Table on US – Market size and forecast 2022-2027 ($ million)
Exhibit 91: Chart on US – Year-over-year growth 2022-2027 (%)
Exhibit 92: Data Table on US – Year-over-year growth 2022-2027 (%)
9.10 Norway – Market size and forecast 2022-2027
Exhibit 93: Chart on Norway – Market size and forecast 2022-2027 ($ million)
Exhibit 94: Data Table on Norway – Market size and forecast 2022-2027 ($ million)
Exhibit 95: Chart on Norway – Year-over-year growth 2022-2027 (%)
Exhibit 96: Data Table on Norway – Year-over-year growth 2022-2027 (%)
9.11 Germany – Market size and forecast 2022-2027
Exhibit 97: Chart on Germany – Market size and forecast 2022-2027 ($ million)
Exhibit 98: Data Table on Germany – Market size and forecast 2022-2027 ($ million)
Exhibit 99: Chart on Germany – Year-over-year growth 2022-2027 (%)
Exhibit 100: Data Table on Germany – Year-over-year growth 2022-2027 (%)
9.12 UK – Market size and forecast 2022-2027
Exhibit 101: Chart on UK – Market size and forecast 2022-2027 ($ million)
Exhibit 102: Data Table on UK – Market size and forecast 2022-2027 ($ million)
Exhibit 103: Chart on UK – Year-over-year growth 2022-2027 (%)
Exhibit 104: Data Table on UK – Year-over-year growth 2022-2027 (%)
9.13 Market opportunity by geography
Exhibit 105: Market opportunity by geography ($ million)
10 Drivers, Challenges, and Trends
10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 106: Impact of drivers and challenges in 2022 and 2027
10.4 Market trends
11 Vendor Landscape
11.1 Overview
11.2 Vendor landscape
Exhibit 107: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 108: Overview on factors of disruption
11.4 Industry risks
Exhibit 109: Impact of key risks on business
12 Vendor Analysis
12.1 Vendors covered
Exhibit 110: Vendors covered
12.2 Market positioning of vendors
Exhibit 111: Matrix on vendor position and classification
12.3 Aisin Corp.
Exhibit 112: Aisin Corp. – Overview
Exhibit 113: Aisin Corp. – Business segments
Exhibit 114: Aisin Corp. – Key offerings
Exhibit 115: Aisin Corp. – Segment focus
12.4 Allison Transmission Holdings Inc.
Exhibit 116: Allison Transmission Holdings Inc. – Overview
Exhibit 117: Allison Transmission Holdings Inc. – Product / Service
Exhibit 118: Allison Transmission Holdings Inc. – Key offerings
12.5 AVL List GmbH
Exhibit 119: AVL List GmbH – Overview
Exhibit 120: AVL List GmbH – Product / Service
Exhibit 121: AVL List GmbH – Key offerings
12.6 BorgWarner Inc.
Exhibit 122: BorgWarner Inc. – Overview
Exhibit 123: BorgWarner Inc. – Business segments
Exhibit 124: BorgWarner Inc. – Key news
Exhibit 125: BorgWarner Inc. – Key offerings
Exhibit 126: BorgWarner Inc. – Segment focus
12.7 Eaton Corp. Plc
Exhibit 127: Eaton Corp. Plc – Overview
Exhibit 128: Eaton Corp. Plc – Business segments
Exhibit 129: Eaton Corp. Plc – Key news
Exhibit 130: Eaton Corp. Plc – Key offerings
Exhibit 131: Eaton Corp. Plc – Segment focus
12.8 GKN Automotive Ltd.
Exhibit 132: GKN Automotive Ltd. – Overview
Exhibit 133: GKN Automotive Ltd. – Product / Service
Exhibit 134: GKN Automotive Ltd. – Key offerings
12.9 Hewland Engineering Ltd.
Exhibit 135: Hewland Engineering Ltd. – Overview
Exhibit 136: Hewland Engineering Ltd. – Product / Service
Exhibit 137: Hewland Engineering Ltd. – Key offerings
12.10 JATCO Ltd.
Exhibit 138: JATCO Ltd. – Overview
Exhibit 139: JATCO Ltd. – Product / Service
Exhibit 140: JATCO Ltd. – Key offerings
12.11 Mitsubishi Electric Corp.
Exhibit 141: Mitsubishi Electric Corp. – Overview
Exhibit 142: Mitsubishi Electric Corp. – Business segments
Exhibit 143: Mitsubishi Electric Corp. – Key news
Exhibit 144: Mitsubishi Electric Corp. – Key offerings
Exhibit 145: Mitsubishi Electric Corp. – Segment focus
12.12 OC Oerlikon Corp. AG
Exhibit 146: OC Oerlikon Corp. AG – Overview
Exhibit 147: OC Oerlikon Corp. AG – Business segments
Exhibit 148: OC Oerlikon Corp. AG – Key offerings
Exhibit 149: OC Oerlikon Corp. AG – Segment focus
12.13 Ricardo Plc
Exhibit 150: Ricardo Plc – Overview
Exhibit 151: Ricardo Plc – Business segments
Exhibit 152: Ricardo Plc – Key offerings
Exhibit 153: Ricardo Plc – Segment focus
12.14 Robert Bosch GmbH
Exhibit 154: Robert Bosch GmbH – Overview
Exhibit 155: Robert Bosch GmbH – Business segments
Exhibit 156: Robert Bosch GmbH – Key offerings
Exhibit 157: Robert Bosch GmbH – Segment focus
12.15 Schaeffler AG
Exhibit 158: Schaeffler AG – Overview
Exhibit 159: Schaeffler AG – Business segments
Exhibit 160: Schaeffler AG – Key offerings
Exhibit 161: Schaeffler AG – Segment focus
12.16 Xtrac Ltd.
Exhibit 162: Xtrac Ltd. – Overview
Exhibit 163: Xtrac Ltd. – Product / Service
Exhibit 164: Xtrac Ltd. – Key offerings
12.17 ZF Friedrichshafen AG
Exhibit 165: ZF Friedrichshafen AG – Overview
Exhibit 166: ZF Friedrichshafen AG – Business segments
Exhibit 167: ZF Friedrichshafen AG – Key news
Exhibit 168: ZF Friedrichshafen AG – Key offerings
Exhibit 169: ZF Friedrichshafen AG – Segment focus
13 Appendix
13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 170: Inclusions checklist
Exhibit 171: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 172: Currency conversion rates for US$
13.4 Research methodology
Exhibit 173: Research methodology
Exhibit 174: Validation techniques employed for market sizing
Exhibit 175: Information sources
13.5 List of abbreviations
Exhibit 176: List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/
SOURCE Technavio
