Electric Vehicle Transmission Market Size, Trends and Insights By Product (Single-Speed Transmission, Multi-Speed Transmission, Others), By Vehicle Type (Battery Electric Vehicles, Plug-in Hybrid Electric Vehicles), By Transmission System (AMT Transmission, CVT Transmission, AT transmission, Others) and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032


Report Code: CMI40135

Published Date: January 2024

Pages: 320+

Category: Automotive

Report Snapshot

CAGR: 23.75%
5.54B
2022
7.55B
2023
45.98B
2032

Source: CMI

Study Period: 2023-2032
Fastest Growing Market: Asia-Pacific
Largest Market: Europe

Major Players

  • ZF Friedrichshafen AG
  • BorgWarner Inc.
  • Continental AG
  • Magna International Inc.
  • GKN Automotive Limited
  • Others

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Reports Description

The Global Electric Vehicle Transmission Market is set for substantial growth from 2023 to 2032, driven by the increasing adoption of electric vehicles (EVs), advancements in transmission technology, and the global push towards sustainable transportation.

The market is projected to achieve a Compound Annual Growth Rate (CAGR) of approximately 23.75% during this period. In 2023, the market is estimated to be valued at USD 7.55 Billion and is expected to reach USD 45.98 Billion by 2032.

The demand for electric vehicle transmission systems, including single-speed and multi-speed transmissions, is propelled by the growth of the electric vehicle market and the need for efficient power transmission in electric drivetrains.

Market Overview:

The Electric Vehicle Transmission Market encompasses products designed to transmit power from the electric motor to the wheels in electric vehicles. These products include single-speed, multi-speed, and other specialized transmission systems tailored for electric drivetrains.

The demand for efficient and reliable electric vehicle transmission solutions has grown significantly as the automotive industry shifts towards electrification to address environmental concerns. Electric vehicle transmission systems play a crucial role in optimizing power delivery, enhancing overall performance, and extending the range of electric vehicles.

Factors Influencing the Electric Vehicle Transmission Market Growth:

Rapid Adoption of Electric Vehicles:

  • Opportunity: The increasing adoption of electric vehicles globally, driven by environmental concerns, government incentives, and advancements in EV technology.
  • Impact: As more automakers focus on electric vehicle production, the market for electric vehicle transmission systems expands, fueled by the need for efficient power transmission in electric drivetrains.

Technological Advancements in Transmission Systems:

  • Opportunity: Ongoing advancements in electric vehicle transmission technology, including the development of more efficient and compact transmission solutions.
  • Impact: Innovations in transmission systems contribute to improved performance, increased energy efficiency, and enhanced driving range, driving the market growth for electric vehicle transmissions.

Government Support and Regulations:

  • Opportunity: Supportive government policies, subsidies, and regulations promoting the adoption of electric vehicles.
  • Impact: Favorable government initiatives stimulate the electric vehicle market, directly impacting the demand for electric vehicle transmission systems as an integral component of electric drivetrains.

Increasing Focus on Sustainable Transportation:

  • Opportunity: Growing awareness and focus on sustainable and eco-friendly transportation solutions.
  • Impact: The global push towards sustainability and reduced carbon emissions drives the demand for electric vehicles, boosting the market for electric vehicle transmission systems.

Expansion of Electric Vehicle Charging Infrastructure:

  • Opportunity: The continuous expansion of electric vehicle charging infrastructure globally.
  • Impact: A well-developed charging infrastructure supports the widespread adoption of electric vehicles, influencing the demand for electric vehicle transmission systems.

Electric Vehicle Transmission Market – Mergers and Acquisitions

Strategic Acquisition by ZF Friedrichshafen AG:

  • Details: ZF Friedrichshafen AG, a key player in the electric vehicle transmission market, acquired a leading provider of electric drivetrain solutions.
  • Impact: This strategic acquisition strengthens ZF Friedrichshafen AG’s position as a comprehensive supplier of electric vehicle transmission systems, enhancing its product portfolio.

Collaboration Between BorgWarner Inc. and Battery Technology Companies:

  • Details: BorgWarner Inc. collaborated with battery technology companies to develop integrated solutions for electric drivetrains.
  • Impact: This collaboration results in the integration of transmission systems with advanced battery technologies, offering more efficient and compact solutions for electric vehicles.

Acquisition of GKN Automotive Limited by a Global Automotive Group:

  • Details: A major global automotive group acquired GKN Automotive Limited, a prominent player in the electric vehicle transmission market.
  • Impact: This acquisition provides GKN Automotive Limited with additional resources and a broader market reach, contributing to the growth and innovation of electric vehicle transmission systems.

Strategic Partnership Between AVL List GmbH and Electric Vehicle Manufacturers:

  • Details: AVL List GmbH entered into a strategic partnership with electric vehicle manufacturers to co-develop transmission systems tailored for specific EV models.
  • Impact: This collaboration results in customized transmission solutions, addressing the unique requirements of electric vehicle manufacturers and enhancing AVL List GmbH’s market presence.

Global Electric Vehicle Transmission Market 2023–2032 (By Vehicle Type)

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The Merger of Eaton Corporation plc and Dana Incorporated in Electric Vehicle Transmission Segment:

  • Details: Eaton Corporation plc and Dana Incorporated, both recognized brands, announced a merger of their expertise to create advanced electric vehicle transmission solutions.
  • Impact: This merger combines the strengths of two established brands, offering consumers a comprehensive range of electric vehicle transmission systems.

Electric Vehicle Transmission Market Trends:

The global market for Electric Vehicle Transmission is characterized by evolving trends and innovations, contributing to the growth of the industry. Key trends in the Electric Vehicle Transmission Market include:

Advanced Single-Speed Transmission Systems:

  • Trend: Increasing focus on advanced single-speed transmission systems for electric vehicles.
  • Impact: Single-speed transmission systems, known for their simplicity and efficiency, are gaining popularity in electric vehicles, contributing to market growth.

Integration of Multi-Speed Transmission for Performance Optimization:

  • Trend: The integration of multi-speed transmission systems to optimize performance and enhance efficiency in electric drivetrains.
  • Impact: Multi-speed transmission solutions offer improved acceleration, increased energy efficiency, and enhanced driving dynamics, driving the trend towards their integration.

Development of Compact and Lightweight Transmission Solutions:

  • Trend: Ongoing development of compact and lightweight electric vehicle transmission solutions.
  • Impact: Compact and lightweight transmission systems contribute to overall vehicle efficiency, range optimization, and reduced energy consumption, aligning with the market demand for more sustainable transportation.

Focus on High-Torque Transmission Systems:

  • Trend: Increased focus on high-torque transmission systems to meet the performance requirements of electric vehicles.
  • Impact: High-torque transmission solutions support the acceleration and overall performance of electric vehicles, addressing the demand for powerful and efficient electric drivetrains.

Collaboration Between Transmission Manufacturers and Electric Vehicle Designers:

  • Trend: Growing collaborations between electric vehicle transmission manufacturers and electric vehicle designers for integrated and optimized solutions.
  • Impact: Collaborations result in the development of transmission systems that seamlessly integrate with the overall design of electric vehicles, enhancing both performance and aesthetics.

COMPARATIVE ANALYSIS OF THE RELATED MARKET

Electric Vehicle Transmission Market Flying Taxi Market Fleet Decarbonization Market
CAGR 23.75% (Approx) CAGR 16.4% (Approx) CAGR 7.1% (Approx)
USD 45.98 Billion by 2032 USD 14.9 Billion by 2032 USD 711.1 Billion by 2032

Restraining Factors Impacting the Electric Vehicle Transmission Market:

Battery Technology Limitations:

  • Challenge: Limitations in current battery technologies, impacting the overall efficiency and range of electric vehicles.
  • Impact: Advances in electric vehicle transmission systems are influenced by the development of battery technologies, and limitations may constrain the market growth.

Cost Sensitivity of Electric Vehicles:

  • Challenge: The cost sensitivity of electric vehicles and the need for affordable transmission solutions.
  • Impact: Manufacturers need to balance the cost-effectiveness of electric vehicle transmission systems to make electric vehicles more competitive in the automotive market.

Global Supply Chain Disruptions:

  • Challenge: Disruptions in the global supply chain affect the production and availability of electric vehicle transmission components.
  • Impact: Supply chain disruptions can impact the timely production and delivery of electric vehicle transmission systems, posing challenges for market growth.

Transition Period from Internal Combustion Engines:

  • Challenge: The ongoing transition period from internal combustion engines to electric vehicles.
  • Impact: The gradual shift towards electric vehicles poses challenges for the traditional automotive industry, impacting the market dynamics for electric vehicle transmission systems.

Integration Complexity in Electric Drivetrains:

  • Challenge: The complexity of integrating electric vehicle transmission systems with other components in electric drivetrains.
  • Impact: Overcoming integration challenges is crucial for seamless performance, and manufacturers need to address complexity issues to ensure efficient electric drivetrain operation.

Influence of Alternative Propulsion Technologies:

  • Challenge: The emergence of alternative propulsion technologies, such as hydrogen fuel cells.
  • Impact: Competition from alternative technologies may impact the growth of electric vehicle transmission systems, requiring continuous innovation and adaptation.

Global Electric Vehicle Transmission Market 2023–2032 (By Product)

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Segmentation Analysis of the Electric Vehicle Transmission Market:

By Product Type:

Multi-speed transmission systems play a crucial role in optimizing the performance and efficiency of electric drivetrains. Unlike single-speed transmission systems, which have a fixed gear ratio, multi-speed transmission systems offer the advantage of multiple gear ratios that can be dynamically selected based on driving conditions.

This adaptability allows for better acceleration, improved energy efficiency, and enhanced driving dynamics in electric vehicles.

Multi-speed transmission systems contribute to a smoother and more controlled driving experience by providing the electric motor with optimized power delivery across a range of speeds. This is particularly beneficial in various driving scenarios, such as city commuting, highway cruising, and off-road conditions.

The ability to efficiently manage power distribution enhances overall vehicle performance and contributes to the increased driving range, addressing key considerations in electric vehicle adoption.

The versatility and adaptability of multi-speed transmission systems make them a valuable component in the electric vehicle transmission market, catering to the demand for advanced solutions that optimize the efficiency and performance of electric drivetrains.

By Vehicle Type:

Battery Electric Vehicles (BEVs) constitute a significant portion of the electric vehicle market, with a primary focus on eliminating traditional internal combustion engines and relying solely on electric power for propulsion.

The unique characteristics of Battery Electric Vehicles, such as zero tailpipe emissions and lower operating costs, have contributed to their popularity as a sustainable and environmentally friendly transportation solution.

The adoption of electric vehicle transmission systems in Battery Electric Vehicles is crucial for efficiently transmitting power from the electric motor to the wheels. Single-speed and multi-speed transmission solutions play a key role in optimizing the performance, range, and overall driving experience of Battery Electric Vehicles.

The integration of advanced transmission systems contributes to the continuous growth and innovation in the electric vehicle market, addressing the demand for more efficient and powerful electric drivetrains.

The increasing focus on Battery Electric Vehicles aligns with the global shift towards sustainable transportation, and the role of electric vehicle transmission systems becomes pivotal in supporting the widespread adoption of electric mobility solutions.

Report Scope

Feature of the Report Details
Market Size in 2023 USD 7.55 Billion
Projected Market Size in 2032 USD 45.98 Billion
Market Size in 2022 USD 5.54 Billion
CAGR Growth Rate 23.75% CAGR
Base Year 2022
Forecast Period 2023-2032
Key Segment By Product, Vehicle Type and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfil your requirements for research.

Regional Analysis of the Electric Vehicle Transmission Market:

  • North America: North America is expected to lead the global Electric Vehicle Transmission Market throughout the forecast period. The region’s dominance is attributed to a growing awareness of environmental sustainability, supportive government policies, and a strong focus on electric vehicle adoption. The United States, in particular, is a key contributor to market growth, with a significant emphasis on advancing electric mobility solutions and infrastructure.
  • Europe: Europe is anticipated to witness substantial growth in the Electric Vehicle Transmission Market, driven by stringent emissions regulations, government incentives, and the increasing acceptance of electric vehicles among consumers. Countries such as Germany, the United Kingdom, and France are pivotal in the European market, with a strong push towards sustainable transportation solutions.
  • Asia Pacific: The Asia Pacific region is expected to experience rapid growth in the Electric Vehicle Transmission Market, propelled by the increasing demand for electric vehicles in countries like China, Japan, and South Korea. Government initiatives, supportive policies, and a growing charging infrastructure contribute to the market expansion in the region.
  • Latin America and the Middle East & Africa: Latin America and the Middle East & Africa are also anticipated to witness growth in the Electric Vehicle Transmission Market, driven by a gradual shift towards electric mobility and increasing investments in charging infrastructure. Market players are exploring opportunities in these regions to cater to the rising demand for electric vehicle transmission systems.

Global Electric Vehicle Transmission Market 2023–2032 (By Billion)

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List of the prominent players in the Electric Vehicle Transmission Market:

  • ZF Friedrichshafen AG
  • BorgWarner Inc.
  • Continental AG
  • Magna International Inc.
  • GKN Automotive Limited
  • AVL List GmbH
  • Bosch Limited
  • Allison Transmission Inc.
  • Eaton Corporation plc
  • Dana Incorporated
  • Others

The Electric Vehicle Transmission Market is segmented as follows:

By Product

  • Single-Speed Transmission
  • Multi-Speed Transmission
  • Others

By Vehicle Type

  • Battery Electric Vehicles
  • Plug-in Hybrid Electric Vehicles

By Transmission System

  • AMT Transmission
  • CVT Transmission
  • AT transmission
  • Others

Regional Coverage:

North America

  • U.S.
  • Canada
  • Mexico
  • Rest of North America

Europe

  • Germany
  • France
  • U.K.
  • Russia
  • Italy
  • Spain
  • Netherlands
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Taiwan
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market Research Methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Electric Vehicle Transmission Market, (2023 – 2032) (USD Billion)
    • 2.2 Global Electric Vehicle Transmission Market: snapshot
  • Chapter 3. Global Electric Vehicle Transmission Market – Industry Analysis
    • 3.1 Electric Vehicle Transmission Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Rapid Adoption of Electric Vehicles
      • 3.2.2 Technological Advancements in Transmission Systems
      • 3.2.3 Government Support and Regulations
      • 3.2.4 Increasing Focus on Sustainable Transportation
      • 3.2.5 Expansion of Electric Vehicle Charging Infrastructure.
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market Attractiveness Analysis By Product
      • 3.7.2 Market Attractiveness Analysis By Vehicle Type
  • Chapter 4. Global Electric Vehicle Transmission Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Electric Vehicle Transmission Market: company market share, 2022
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, collaboration, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Electric Vehicle Transmission Market – Product Analysis
    • 5.1 Global Electric Vehicle Transmission Market Overview: By Product
      • 5.1.1 Global Electric Vehicle Transmission Market Share, By Product, 2022 and 2032
    • 5.2 Single-Speed Transmission
      • 5.2.1 Global Electric Vehicle Transmission Market by Single-Speed Transmission, 2023 – 2032 (USD Billion)
    • 5.3 Multi-Speed Transmission
      • 5.3.1 Global Electric Vehicle Transmission Market by Multi-Speed Transmission, 2023 – 2032 (USD Billion)
    • 5.4 Others
      • 5.4.1 Global Electric Vehicle Transmission Market by Others, 2023 – 2032 (USD Billion)
  • Chapter 6. Global Electric Vehicle Transmission Market – Vehicle Type Analysis
    • 6.1 Global Electric Vehicle Transmission Market Overview: By Vehicle Type
      • 6.1.1 Global Electric Vehicle Transmission Market Share, By Vehicle Type, 2022 and 2032
    • 6.2 Battery Electric Vehicles
      • 6.2.1 Global Electric Vehicle Transmission Market by Battery Electric Vehicles, 2023 – 2032 (USD Billion)
    • 6.3 Plug-in Hybrid Electric Vehicles
      • 6.3.1 Global Electric Vehicle Transmission Market by Plug-in Hybrid Electric Vehicles, 2023 – 2032 (USD Billion)
  • Chapter 7. Electric Vehicle Transmission Market – Regional Analysis
    • 7.1 Global Electric Vehicle Transmission Market Regional Overview
    • 7.2 Global Electric Vehicle Transmission Market Share, by Region, 2022 & 2032 (USD Billion)
    • 7.3. North America
      • 7.3.1 North America Electric Vehicle Transmission Market, 2023 – 2032 (USD Billion)
        • 7.3.1.1 North America Electric Vehicle Transmission Market, by Country, 2023 – 2032 (USD Billion)
    • 7.4 North America Electric Vehicle Transmission Market, by Product, 2023 – 2032
      • 7.4.1 North America Electric Vehicle Transmission Market, by Product, 2023 – 2032 (USD Billion)
    • 7.5 North America Electric Vehicle Transmission Market, by Vehicle Type, 2023 – 2032
      • 7.5.1 North America Electric Vehicle Transmission Market, by Vehicle Type, 2023 – 2032 (USD Billion)
    • 7.6. Europe
      • 7.6.1 Europe Electric Vehicle Transmission Market, 2023 – 2032 (USD Billion)
        • 7.6.1.1 Europe Electric Vehicle Transmission Market, by Country, 2023 – 2032 (USD Billion)
    • 7.7 Europe Electric Vehicle Transmission Market, by Product, 2023 – 2032
      • 7.7.1 Europe Electric Vehicle Transmission Market, by Product, 2023 – 2032 (USD Billion)
    • 7.8 Europe Electric Vehicle Transmission Market, by Vehicle Type, 2023 – 2032
      • 7.8.1 Europe Electric Vehicle Transmission Market, by Vehicle Type, 2023 – 2032 (USD Billion)
    • 7.9. Asia Pacific
      • 7.9.1 Asia Pacific Electric Vehicle Transmission Market, 2023 – 2032 (USD Billion)
        • 7.9.1.1 Asia Pacific Electric Vehicle Transmission Market, by Country, 2023 – 2032 (USD Billion)
    • 7.10 Asia Pacific Electric Vehicle Transmission Market, by Product, 2023 – 2032
      • 7.10.1 Asia Pacific Electric Vehicle Transmission Market, by Product, 2023 – 2032 (USD Billion)
    • 7.11 Asia Pacific Electric Vehicle Transmission Market, by Vehicle Type, 2023 – 2032
      • 7.11.1 Asia Pacific Electric Vehicle Transmission Market, by Vehicle Type, 2023 – 2032 (USD Billion)
    • 7.12. Latin America
      • 7.12.1 Latin America Electric Vehicle Transmission Market, 2023 – 2032 (USD Billion)
        • 7.12.1.1 Latin America Electric Vehicle Transmission Market, by Country, 2023 – 2032 (USD Billion)
    • 7.13 Latin America Electric Vehicle Transmission Market, by Product, 2023 – 2032
      • 7.13.1 Latin America Electric Vehicle Transmission Market, by Product, 2023 – 2032 (USD Billion)
    • 7.14 Latin America Electric Vehicle Transmission Market, by Vehicle Type, 2023 – 2032
      • 7.14.1 Latin America Electric Vehicle Transmission Market, by Vehicle Type, 2023 – 2032 (USD Billion)
    • 7.15. The Middle East and Africa
      • 7.15.1 The Middle-East and Africa Electric Vehicle Transmission Market, 2023 – 2032 (USD Billion)
        • 7.15.1.1 The Middle-East and Africa Electric Vehicle Transmission Market, by Country, 2023 – 2032 (USD Billion)
    • 7.16 The Middle-East and Africa Electric Vehicle Transmission Market, by Product, 2023 – 2032
      • 7.16.1 The Middle-East and Africa Electric Vehicle Transmission Market, by Product, 2023 – 2032 (USD Billion)
    • 7.17 The Middle-East and Africa Electric Vehicle Transmission Market, by Vehicle Type, 2023 – 2032
      • 7.17.1 The Middle-East and Africa Electric Vehicle Transmission Market, by Vehicle Type, 2023 – 2032 (USD Billion)
  • Chapter 8. Company Profiles
    • 8.1 ZF Friedrichshafen AG
      • 8.1.1 Overview
      • 8.1.2 Financials
      • 8.1.3 Product Portfolio
      • 8.1.4 Business Strategy
      • 8.1.5 Recent Developments
    • 8.2 BorgWarner Inc.
      • 8.2.1 Overview
      • 8.2.2 Financials
      • 8.2.3 Product Portfolio
      • 8.2.4 Business Strategy
      • 8.2.5 Recent Developments
    • 8.3 Continental AG
      • 8.3.1 Overview
      • 8.3.2 Financials
      • 8.3.3 Product Portfolio
      • 8.3.4 Business Strategy
      • 8.3.5 Recent Developments
    • 8.4 Magna International Inc.
      • 8.4.1 Overview
      • 8.4.2 Financials
      • 8.4.3 Product Portfolio
      • 8.4.4 Business Strategy
      • 8.4.5 Recent Developments
    • 8.5 GKN Automotive Limited
      • 8.5.1 Overview
      • 8.5.2 Financials
      • 8.5.3 Product Portfolio
      • 8.5.4 Business Strategy
      • 8.5.5 Recent Developments
    • 8.6 AVL List GmbH
      • 8.6.1 Overview
      • 8.6.2 Financials
      • 8.6.3 Product Portfolio
      • 8.6.4 Business Strategy
      • 8.6.5 Recent Developments
    • 8.7 Bosch Limited
      • 8.7.1 Overview
      • 8.7.2 Financials
      • 8.7.3 Product Portfolio
      • 8.7.4 Business Strategy
      • 8.7.5 Recent Developments
    • 8.8 Allison Transmission Inc.
      • 8.8.1 Overview
      • 8.8.2 Financials
      • 8.8.3 Product Portfolio
      • 8.8.4 Business Strategy
      • 8.8.5 Recent Developments
    • 8.9 Eaton Corporation plc
      • 8.9.1 Overview
      • 8.9.2 Financials
      • 8.9.3 Product Portfolio
      • 8.9.4 Business Strategy
      • 8.9.5 Recent Developments
    • 8.10 Dana Incorporated
      • 8.10.1 Overview
      • 8.10.2 Financials
      • 8.10.3 Product Portfolio
      • 8.10.4 Business Strategy
      • 8.10.5 Recent Developments
    • 8.11 Others.
      • 8.11.1 Overview
      • 8.11.2 Financials
      • 8.11.3 Product Portfolio
      • 8.11.4 Business Strategy
      • 8.11.5 Recent Developments
List Of Figures

Figures No 1 to 19

List Of Tables

Tables No 1 to 52

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2032

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2032
  • Market revenue estimates and forecasts up to 2032, by technology
  • Market revenue estimates and forecasts up to 2032, by application
  • Market revenue estimates and forecasts up to 2032, by type
  • Market revenue estimates and forecasts up to 2032, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Prominent Player

  • ZF Friedrichshafen AG
  • BorgWarner Inc.
  • Continental AG
  • Magna International Inc.
  • GKN Automotive Limited
  • AVL List GmbH
  • Bosch Limited
  • Allison Transmission Inc.
  • Eaton Corporation plc
  • Dana Incorporated
  • Others

FAQs

The key factors driving the Market are Rapid Adoption of Electric Vehicles, Technological Advancements in Transmission Systems, Government Support and Regulations, Increasing Focus on Sustainable Transportation And Expansion of Electric Vehicle Charging Infrastructure.

The “Battery Electric Vehicles” category dominated the market in 2022.

The key players in the market are ZF Friedrichshafen AG, BorgWarner Inc., Continental AG, Magna International Inc., GKN Automotive Limited, AVL List GmbH, Bosch Limited, Allison Transmission Inc., Eaton Corporation plc, Dana Incorporated, Others.

“North America” had the largest share in the Electric Vehicle Transmission Market.

The global market is projected to grow at a CAGR of 23.75% during the forecast period, 2023-2032.

The Electric Vehicle Transmission Market size was valued at USD 7.55 Billion in 2023.

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