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 marketRequest a sample report

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.

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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.

Driver, and challenges are the factor of market dynamics that states about consequences & sustainability of the businesses, find some insights from a sample report!

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

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  • 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

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