PUBLISHER: Azoth Analytics | PRODUCT CODE: 1446319
PUBLISHER: Azoth Analytics | PRODUCT CODE: 1446319
Azoth Analytics has released a research report titled "Global EV Transmission Systems Market (2023 Edition)" which provides a complete analysis of the Global EV Transmission Systems industry in terms of market segmentation By Type (Single Speed and Multi Speed), By EV Type (Battery Electric Vehicle, Plug-in Hybrid Electric Vehicle and Hybrid Electric Vehicle), By
Vehicle Type (Passenger Electric Vehicle and Commercial Electric Vehicle), By Transmission System (AT (Automatic Transmission), CVT (Continuously Variable Transmissions), DCT (Dual Clutch Transmission) and Other Transmission System) for the historical period of 2019-2022, the estimates of 2023 and the forecast period of 2024-2029.
The Global EV Transmission Systems market showcased growth at a CAGR of 12.35% during 2019-2022. The market was valued at USD 7356.70 Million in 2022 which is expected to reach USD 35329.42 Million in 2029. The market for electric vehicles has been growing quickly worldwide, propelled by rising customer demand, regulatory backing, and improvements in EV technology.
The production of EV components, such as transmission systems, is rising in tandem with the number of electric vehicles produced and sold. Automakers are introducing a wide range of electric vehicle models, including electric cars, SUVs, trucks, and commercial vehicles. The diversity in EV offerings requires a variety of transmission systems to meet the specific requirements of different vehicle types, contributing to increased production.
The Global EV Transmission Systems Market is expected to grow in the forecast period and register a market value of USD 7356.70 Million in 2029 at a CAGR of 25.38% during the forecast period. As the production volume of electric vehicles increases, economies of scale come into play. Higher production volumes often lead to cost reductions in manufacturing, making it more financially feasible for companies to produce electric vehicle transmission systems which will direct impact in increase for the sales of EV Transmission components.
Moreover, many governments around the world offer incentives, subsidies, and tax breaks to encourage the adoption of electric vehicles. These incentives make EVs more financially attractive for consumers, contributing to higher sales. Governments may implement regulations and standards that encourage or require automakers to produce a certain percentage of zero-emission vehicles. These regulations can push automakers to invest in electric vehicle technologies, including transmission systems, to comply with emission reduction targets.
Additionally, due to ongoing advancements in electric vehicle technology, including improvements in battery technology and charging infrastructure, have enhanced the overall performance, range, and efficiency of electric vehicles, making them more appealing to consumers. Furthermore, technological advancements have enabled the development of multi-speed transmissions for electric vehicles. Multi-speed transmissions can enhance efficiency and optimize performance by allowing the motor to operate more efficiently across a broader range of speeds and loads.
The total sale of battery electric commercial vehicles reached approximately 400,000 units in 2022 and is expected to grow to 7.6 million units by 2035, according to Global Data. The report finds that total EV vehicles sales globally are forecast to reach 51.6 million in 2035. As the overall production volume of electric vehicles rises, the demand for EV transmission systems follows suit. High production volumes lead to a higher requirement for transmission components and systems to meet the needs of various electric vehicle models.
Moreover, the expanding EV market has led to a diversification of electric vehicle models, including different types of passenger vehicles, commercial vehicles, and specialty vehicles. Each category may require specific transmission solutions, contributing to the overall demand for a variety of EV transmission systems. EV transmission systems play a crucial role in optimizing the range and efficiency of electric vehicles. As the market demands EVs with longer driving ranges and improved efficiency, manufacturers focus on developing transmission systems that contribute to achieving these goals.
Additionally, the growing demand for electric vehicles prompts continuous advancements in transmission technology. Manufacturers invest in research and development to create more efficient, lightweight, and advanced transmission systems that can meet the evolving requirements of electric mobility.
Scope of the Report:
Table of Content
List of Tables
Table A1: Global Impact of Macro Economic Factors, By Region
Table A2: United States EV Transmission Systems Market, By Type, By Value, 2019-2022 (USD Million)
Table A3: United States EV Transmission Systems Market, By Type, By Value, 2023-2029 (USD Million)
Table A4: United States EV Transmission Systems Market, By EV Type, By Value, 2019-2022 (USD Million)
Table A5: United States EV Transmission Systems Market, By EV Type, By Value, 2023-2029 (USD Million)
Table A6: United States EV Transmission Systems Market, By Vehicle Type, By Value, 2019-2022 (USD Million)
Table A7: United States EV Transmission Systems Market, By Vehicle Type, By Value, 2023-2029 (USD Million)
Table A8: United States EV Transmission Systems Market, By Transmission System, By Value, 2019-2022 (USD Million)
Table A9: United States EV Transmission Systems Market, By Transmission System, By Value, 2023-2029 (USD Million)
Table A10: Canada EV Transmission Systems Market, By Type, By Value, 2019-2022 (USD Million)
Table A11: Canada EV Transmission Systems Market, By Type, By Value, 2023-2029 (USD Million)
Table A12: Canada EV Transmission Systems Market, By EV Type, By Value, 2019-2022 (USD Million)
Table A13: Canada EV Transmission Systems Market, By EV Type, By Value, 2023-2029 (USD Million)
Table A14: Canada EV Transmission Systems Market, By Vehicle Type, By Value, 2019-2022 (USD Million)
Table A15: Canada EV Transmission Systems Market, By Vehicle Type, By Value, 2023-2029 (USD Million)
Table A16: Canada EV Transmission Systems Market, By Transmission System, By Value, 2019-2022 (USD Million)
Table A17: Canada EV Transmission Systems Market, By Transmission System, By Value, 2023-2029 (USD Million)
Table A18: Brazil EV Transmission Systems Market, By Type, By Value, 2019-2022 (USD Million)
Table A19: Brazil EV Transmission Systems Market, By Type, By Value, 2023-2029 (USD Million)
Table A20: Brazil EV Transmission Systems Market, By EV Type, By Value, 2019-2022 (USD Million)
Table A21: Brazil EV Transmission Systems Market, By EV Type, By Value, 2023-2029 (USD Million)
Table A22: Brazil EV Transmission Systems Market, By Vehicle Type, By Value, 2019-2022 (USD Million)
Table A23: Brazil EV Transmission Systems Market, By Vehicle Type, By Value, 2023-2029 (USD Million)
Table A24: Brazil EV Transmission Systems Market, By Transmission System, By Value, 2019-2022 (USD Million)
Table A25: Brazil EV Transmission Systems Market, By Transmission System, By Value, 2023-2029 (USD Million)
Table A26: Rest of Americas EV Transmission Systems Market, By Type, By Value, 2019-2022 (USD Million)
Table A27: Rest of Americas EV Transmission Systems Market, By Type, By Value, 2023-2029 (USD Million)
Table A28: Rest of Americas EV Transmission Systems Market, By EV Type, By Value, 2019-2022 (USD Million)
Table A29: Rest of Americas EV Transmission Systems Market, By EV Type, By Value, 2023-2029 (USD Million)
Table A30: Rest of Americas EV Transmission Systems Market, By Vehicle Type, By Value, 2019-2022 (USD Million)
Table A31: Rest of Americas EV Transmission Systems Market, By Vehicle Type, By Value, 2023-2029 (USD Million)
Table A32: Rest of Americas EV Transmission Systems Market, By Transmission System, By Value, 2019-2022 (USD Million)
Table A33: Rest of Americas EV Transmission Systems Market, By Transmission System, By Value, 2023-2029 (USD Million)
Table A34: Germany EV Transmission Systems Market, By Type, By Value, 2019-2022 (USD Million)
Table A35: Germany EV Transmission Systems Market, By Type, By Value, 2023-2029 (USD Million)
Table A36: Germany EV Transmission Systems Market, By EV Type, By Value, 2019-2022 (USD Million)
Table A37: Germany EV Transmission Systems Market, By EV Type, By Value, 2023-2029 (USD Million)
Table A38: Germany EV Transmission Systems Market, By Vehicle Type, By Value, 2019-2022 (USD Million)
Table A39: Germany EV Transmission Systems Market, By Vehicle Type, By Value, 2023-2029 (USD Million)
Table A40: Germany EV Transmission Systems Market, By Transmission System, By Value, 2019-2022 (USD Million)
Table A41: Germany EV Transmission Systems Market, By Transmission System, By Value, 2023-2029 (USD Million)
Table A42: United Kingdom EV Transmission Systems Market, By Type, By Value, 2019-2022 (USD Million)
Table A43: United Kingdom EV Transmission Systems Market, By Type, By Value, 2023-2029 (USD Million)
Table A44: United Kingdom EV Transmission Systems Market, By EV Type, By Value, 2019-2022 (USD Million)
Table A45: United Kingdom EV Transmission Systems Market, By EV Type, By Value, 2023-2029 (USD Million)
Table A46: United Kingdom EV Transmission Systems Market, By Vehicle Type, By Value, 2019-2022 (USD Million)
Table A47: United Kingdom EV Transmission Systems Market, By Vehicle Type, By Value, 2023-2029 (USD Million)
Table A48: United Kingdom EV Transmission Systems Market, By Transmission System, By Value, 2019-2022 (USD Million)
Table A49: United Kingdom EV Transmission Systems Market, By Transmission System, By Value, 2023-2029 (USD Million)
Table A50: France EV Transmission Systems Market, By Type, By Value, 2019-2022 (USD Million)
Table A51: France EV Transmission Systems Market, By Type, By Value, 2023-2029 (USD Million)
Table A52: France EV Transmission Systems Market, By EV Type, By Value, 2019-2022 (USD Million)
Table A53: France EV Transmission Systems Market, By EV Type, By Value, 2023-2029 (USD Million)
Table A54: France EV Transmission Systems Market, By Vehicle Type, By Value, 2019-2022 (USD Million)
Table A55: France EV Transmission Systems Market, By Vehicle Type, By Value, 2023-2029 (USD Million)
Table A56: France EV Transmission Systems Market, By Transmission System, By Value, 2019-2022 (USD Million)
Table A57: France EV Transmission Systems Market, By Transmission System, By Value, 2023-2029 (USD Million)
Table A58: Norway EV Transmission Systems Market, By Type, By Value, 2019-2022 (USD Million)
Table A59: Norway EV Transmission Systems Market, By Type, By Value, 2023-2029 (USD Million)
Table A60: Norway EV Transmission Systems Market, By EV Type, By Value, 2019-2022 (USD Million)
Table A61: Norway EV Transmission Systems Market, By EV Type, By Value, 2023-2029 (USD Million)
Table A62: Norway EV Transmission Systems Market, By Vehicle Type, By Value, 2019-2022 (USD Million)
Table A63: Norway EV Transmission Systems Market, By Vehicle Type, By Value, 2023-2029 (USD Million)
Table A64: Norway EV Transmission Systems Market, By Transmission System, By Value, 2019-2022 (USD Million)
Table A65: Norway EV Transmission Systems Market, By Transmission System, By Value, 2023-2029 (USD Million)
Table A66: Rest of Europe EV Transmission Systems Market, By Type, By Value, 2019-2022 (USD Million)
Table A67: Rest of Europe EV Transmission Systems Market, By Type, By Value, 2023-2029 (USD Million)
Table A68: Rest of Europe EV Transmission Systems Market, By EV Type, By Value, 2019-2022 (USD Million)
Table A69: Rest of Europe EV Transmission Systems Market, By EV Type, By Value, 2023-2029 (USD Million)
Table A70: Rest of Europe EV Transmission Systems Market, By Vehicle Type, By Value, 2019-2022 (USD Million)
Table A71: Rest of Europe EV Transmission Systems Market, By Vehicle Type, By Value, 2023-2029 (USD Million)
Table A72: Rest of Europe EV Transmission Systems Market, By Transmission System, By Value, 2019-2022 (USD Million)
Table A73: Rest of Europe EV Transmission Systems Market, By Transmission System, By Value, 2023-2029 (USD Million)
Table A74: China EV Transmission Systems Market, By Type, By Value, 2019-2022 (USD Million)
Table A75: China EV Transmission Systems Market, By Type, By Value, 2023-2029 (USD Million)
Table A76: China EV Transmission Systems Market, By EV Type, By Value, 2019-2022 (USD Million)
Table A77: China EV Transmission Systems Market, By EV Type, By Value, 2023-2029 (USD Million)
Table A78: China EV Transmission Systems Market, By Vehicle Type, By Value, 2019-2022 (USD Million)
Table A79: China EV Transmission Systems Market, By Vehicle Type, By Value, 2023-2029 (USD Million)
Table A80: China EV Transmission Systems Market, By Transmission System, By Value, 2019-2022 (USD Million)
Table A81: China EV Transmission Systems Market, By Transmission System, By Value, 2023-2029 (USD Million)
Table A82: South Korea EV Transmission Systems Market, By Type, By Value, 2019-2022 (USD Million)
Table A83: South Korea EV Transmission Systems Market, By Type, By Value, 2023-2029 (USD Million)
Table A84: South Korea EV Transmission Systems Market, By EV Type, By Value, 2019-2022 (USD Million)
Table A85: South Korea EV Transmission Systems Market, By EV Type, By Value, 2023-2029 (USD Million)
Table A86: South Korea EV Transmission Systems Market, By Vehicle Type, By Value, 2019-2022 (USD Million)
Table A87: South Korea EV Transmission Systems Market, By Vehicle Type, By Value, 2023-2029 (USD Million)
Table A88: South Korea EV Transmission Systems Market, By Transmission System, By Value, 2019-2022 (USD Million)
Table A89: South Korea EV Transmission Systems Market, By Transmission System, By Value, 2023-2029 (USD Million)
Table A90: India EV Transmission Systems Market, By Type, By Value, 2019-2022 (USD Million)
Table A91: India EV Transmission Systems Market, By Type, By Value, 2023-2029 (USD Million)
Table A92: India EV Transmission Systems Market, By EV Type, By Value, 2019-2022 (USD Million)
Table A93: India EV Transmission Systems Market, By EV Type, By Value, 2023-2029 (USD Million)
Table A94: India EV Transmission Systems Market, By Vehicle Type, By Value, 2019-2022 (USD Million)
Table A95: India EV Transmission Systems Market, By Vehicle Type, By Value, 2023-2029 (USD Million)
Table A96: India EV Transmission Systems Market, By Transmission System, By Value, 2019-2022 (USD Million)
Table A97: India EV Transmission Systems Market, By Transmission System, By Value, 2023-2029 (USD Million)
Table A98: Rest of Asia Pacific EV Transmission Systems Market, By Type, By Value, 2019-2022 (USD Million)
Table A99: Rest of Asia Pacific EV Transmission Systems Market, By Type, By Value, 2023-2029 (USD Million)
Table A100: Rest of Asia Pacific EV Transmission Systems Market, By EV Type, By Value, 2019-2022 (USD Million)
Table A101: Rest of Asia Pacific EV Transmission Systems Market, By EV Type, By Value, 2023-2029 (USD Million)
Table A102: Rest of Asia Pacific EV Transmission Systems Market, By Vehicle Type, By Value, 2019-2022 (USD Million)
Table A103: Rest of Asia Pacific EV Transmission Systems Market, By Vehicle Type, By Value, 2023-2029 (USD Million)
Table A104: Rest of Asia Pacific EV Transmission Systems Market, By Transmission System, By Value, 2019-2022 (USD Million)
Table A105: Rest of Asia Pacific EV Transmission Systems Market, By Transmission System, By Value, 2023-2029 (USD Million)
Table A106: ZF Friedrichshafen Key Company Financials, 2020-2022
Table A107: BorgWarner Key Company Financials, 2020-2022
Table A108: Aisin Key Company Financials, 2021-2023
Table A109: Dana Key Company Financials, 2020-2022
Table A110: Schaeffler Key Company Financials, 2020-2022
Table A111: Eaton Key Company Financials, 2020-2022
Table A112: Continental AG Key Company Financials, 2020-2022
Table A113: Magna International Key Company Financials, 2020-2022
Table A114: Ricardo PLC Key Company Financials, 2021-2023