Technavio has been monitoring the electric vehicle (ev) transmission system market and is forecast to grow by USD 52599.7 mn during 2023-2028, accelerating at a CAGR of 36.38% during the forecast period. Our report on the electric vehicle (ev) transmission system market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing demand for bevs, reduction in battery pack prices, and adoption of multi-speed transmission.
Technavio's electric vehicle (ev) transmission system market is segmented as below:
Market Scope
Base Year
2024
End Year
2028
Series Year
2024-2028
Growth Momentum
Accelerate
YOY 2024
26.82%
CAGR
36.38%
Incremental Value
$52599.7mn
By Type
Single-speed transmission
Multi-speed transmission
By Application
Battery electric vehicle (BEV)
Plug-in hybrid electric vehicle (PHEV)
Fuel cell electric vehicle (FCEV)
By Geography
APAC
Europe
North America
South America
Middle East and Africa
This study identifies the increase in popularity of e-axle system as one of the prime reasons driving the electric vehicle (ev) transmission system market growth during the next few years. Also, rapid development of electrified luxury vehicles and use of lightweight transmission design will lead to sizable demand in the market.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the electric vehicle (ev) transmission system market covers the following areas:
Electric vehicle (ev) transmission system market sizing
Electric vehicle (ev) transmission system market forecast
Electric vehicle (ev) transmission system market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading electric vehicle (ev) transmission system market vendors that include 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. Also, the electric vehicle (ev) transmission system market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
1 Executive Summary
1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Global Market Characteristics
Executive Summary - Chart on Market by Geography
Executive Summary - Chart on Market Segmentation by Type
Executive Summary - Chart on Market Segmentation by Application
Executive Summary - Chart on Incremental Growth
Executive Summary - Data Table on Incremental Growth
Executive Summary - Chart on Company Market Positioning
2 Market Landscape
2.1 Market ecosystem
Parent Market
Data Table on - Parent Market
2.2 Market characteristics
Market characteristics analysis
2.3 Value chain analysis
Value Chain Analysis
3 Market Sizing
3.1 Market definition
Offerings of companies included in the market definition
3.2 Market segment analysis
Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Chart on Global - Market size and forecast 2023-2028 ($ million)
Data Table on Global - Market size and forecast 2023-2028 ($ million)
Chart on Global Market: Year-over-year growth 2023-2028 (%)
Data Table on Global Market: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
4.1 Global Electric Vehicle (EV) Transmission System Market 2018 - 2022
Historic Market Size - Data Table on Global Electric Vehicle (EV) Transmission System Market 2018 - 2022 ($ million)