ELECTRIC VEHICLE TRANSMISSION MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)
Governments efforts for cleaner transportation and reduced dependence on fossil fuels has boosted popularity of electric mobility. Electric vehicles have several advantages over conventional combustion engine vehicles, including lower operating costs due to savings on fuel, maintenance costs, and taxes exemptions in several countries. EVs emit zero tailpipe emissions, and thus, help reduce air pollution in urban areas. Major automakers are aggressively launching new EV models and upgrades to existing ones to keep up with rising demands. This has accelerated the development of advanced drivetrain technologies for EVs including more efficient transmission systems.
Market Dynamics:
Global electric vehicle transmission market growth is driven by factors such as stringent emission norms, rising adoption of EVs, technology advancements, and supportive government policies promoting electric mobility. However, high production costs of EVs as compared to gasoline-powered vehicles and limited driving range can hamper the market growth. Continuous R&D in transmission technologies, growing EV charging infrastructure, and expansion of applications to commercial mobility can offer market growth opportunities. Automakers are collaborating with transmission specialists to develop innovative and more durable transmission systems suited for different EV architectures.
Key features of the study:
- This report provides in-depth analysis of the global electric vehicle transmission market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global electric vehicle transmission market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include 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
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- Global electric vehicle transmission market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global electric vehicle transmission market
Detailed Segmentation:
Table of Contents
*Browse 60 market data tables and 40 figures on "Electric Vehicle Transmission Market - Global forecast to 2031”
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