ELECTRIC VEHICLE TRANSMISSION MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Market Concentration and Competitive Landscape

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Changing consumer preferences

Rising environmental awareness, evolving mobility needs and attractive total cost of ownership have triggered a shift in consumer preferences. Customers now prefer more sustainable yet feature-rich transportation options. The potential to reduce fuelling costs significantly while gaining silent, vibration-free driving experiences is appealing many first-time EV buyers. Advancements in battery technology have alleviated range anxiety concerns. to Automakers are able to offer longer range vehicles that can meet daily driving needs of the average user. An array of exciting new electric vehicle models from different segments like SUVs and premium/luxury categories has increased choices for consumers. Technology features like zero emission drivetrains, smartphone integration, autonomous driving assists, and others further add to the appeal. Growing availability of public fast charging infrastructure boosts confidence in electric vehicles as a practical substitute for gasoline/diesel cars. This change in attitudes and buyer behaviour worldwide can boost adoption of electric vehicles.

• Aisin Seiki Co., Ltd.
• Allison Transmission Inc.
• AVL List GmbH
• BorgWarner Inc.
• Continental AG
• Dana Incorporated
• Eaton Corporation plc
• GKN Automotive Limited
• JATCO Ltd.
• Magna International Inc.
• Nidec Corporation
• Schaeffler AG
• Valeo SA
• Vitesco Technologies
• ZF Friedrichshafen AG