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Global Electric Vehicle (EV) Transmission Market: By Type: Single-Speed Transmission, Multi-Speed Transmission; By Vehicle: Battery Electric Vehicle (BEV), Others; By Transmission System; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global Electric Vehicle (EV) Transmission Market Outlook

The global electric vehicle (EV) transmission market reached a value of about USD 6.4 billion in 2021. The industry is further estimated to grow at a CAGR of 29.20% in the forecast period of 2023-2028 to reach a value of around USD 29.77 billion by 2027.

 

Global Electric Vehicle (EV) Transmission Market

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Single-Speed Transmission Segment to Propel the Market Growth of Electric Vehicle Transmission

Based on transmission type, the single-speed transmission is bolstering the market for electric vehicle transmission. The expanding use of single-speed transmission systems in the popular model electric vehicles is driving the market development of electric vehicle transmission. Manufacturers are widely adopting the single-speed transmission system due to its cost-effectiveness, thereby fuelling the market growth. In addition, the system reduces the volume, energy loss, and drivetrain mass, so it occupies less space. Moreover, it offers high-performance vehicles with a less complex gear system and generates instant torque when coupled with a motor.

Also, the multi-speed transmission system is expected to drive the market in the forecast period due to its ability to achieve the top speed of a vehicle and keep the electric motor efficient during the operation of electric vehicles. The introduction of multi-gears in electric vehicles for dynamic performance is likely to aid the market for the multi-speed transmission system.

 

The Asia Pacific to Account for a Substantial Share in the Market for Electric Vehicle Transmission

The expanding production and sales of advanced electric vehicles, particularly in countries such as China and Japan, along with the increasing purchasing power of the middle-class population in the Asia Pacific region, is providing impetus to the market expansion of electric vehicle transmission. The emergence of stringent government regulations to promote green transportation is further contributing to the market growth of electric vehicle transmission.

 

Market Segmentation

The electric vehicle transmission system transfers the power generated in an electric motor to a drive wheel through the gearbox. There are two types of transmission systems in electric vehicles. The single-speed transmission uses only one gear pair for transmission, while the multi-speed transmission helps achieve two different gear ratios.

 

Global Electric Vehicle (EV) Transmission Market by Segments

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The market for electric vehicle transmission, by type, is divided into:

  • Single-Speed Transmission
  • Multi-Speed Transmission

Based on vehicle, the market is classified into:

  • Battery Electric Vehicle (BEV)
  • Plug-in Hybrid Electric Vehicle (PHEV)
  • Hybrid Electric Vehicle (HEV)
  • Others

On the basis of transmission system, the market is segmented into:

  • Automated Manual Transmissions
  • Continuously Variable Transmission
  • Automatic Transmission 
  • Dedicated Hybrid Transmission/Dual Clutch Transmission

The regional markets for electric vehicle transmission can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Global Electric Vehicle (EV) Transmission Market by Region

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Electrification of Transport Systems and Stringent Emission Regulations to Drive the Market Growth of Electric Vehicle Transmission

The growing demand for electric vehicles owing to the emerging need for a fuel-efficient economy and eco-friendly mobility is leading to the market expansion of electric vehicle transmission. In addition, the increasing production of electric vehicles by the market players is playing a crucial role in the burgeoning of the market. Also, the government initiatives to reduce carbon footprints are leading to strict implementation of emission rules and grants of subsidies to promote the faster adoption of electric vehicles, which is invigorating the market.

Additionally, the guidelines issued by governments worldwide to develop the charging infrastructure for electric vehicles are contributing to the steady growth of the market. Moreover, the comfortable driving experience with no gear shift hustle offered by the automatic transmission system is significantly catalysing the development of the market for electric vehicle transmission. Further, the technological advancement in the automotive sector is leading to the introduction of changing transmission systems which are expected to augment the market for electric vehicle transmission in the forecast period.

 

Key Players in the Global Electric Vehicle (EV) Transmission Market

The report gives a detailed analysis of the following key players in the global electric vehicle (EV) transmission market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Aisin Corporation
  • AVL List GmbH
  • BorgWarner Inc.
  • Allison Transmission, Inc
  • Eaton Corporation plc
  • ZF Friedrichshafen AG
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Type
  • Vehicle
  • Transmission System
  • Region
Breakup by Type
  • Single-Speed Transmission
  • Multi-Speed Transmission
Breakup by Vehicle
  • Battery Electric Vehicle (BEV)
  • Plug-in Hybrid Electric Vehicle (PHEV)
  • Hybrid Electric Vehicle (HEV)
  • Others
Breakup by Transmission System
  • Automated Manual Transmissions
  • Continuously Variable Transmission
  • Automatic Transmission
  • Dedicated Hybrid Transmission/Dual Clutch Transmission
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Aisin Corporation
  • AVL List GmbH
  • BorgWarner Inc.
  • Allison Transmission, Inc
  • Eaton Corporation plc
  • ZF Friedrichshafen AG
  • Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Electric Vehicle (EV) Transmission Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Electric Vehicle (EV) Transmission Historical Market (2018-2022) 
    8.3    Global Electric Vehicle (EV) Transmission Market Forecast (2023-2028)
    8.4    Global Electric Vehicle (EV) Transmission Market by Type
        8.4.1    Single-Speed Transmission
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2018-2022)
            8.4.1.3    Forecast Trend (2023-2028)
        8.4.2    Multi-Speed Transmission
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2022)
            8.4.2.3    Forecast Trend (2023-2028)
    8.5    Global Electric Vehicle (EV) Transmission Market by Vehicle
        8.5.1    Battery Electric Vehicle (BEV)
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2018-2022)
            8.5.1.3    Forecast Trend (2023-2028)
        8.5.2    Plug-in Hybrid Electric Vehicle (PHEV)
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2022)
            8.5.2.3    Forecast Trend (2023-2028)
        8.5.3    Hybrid Electric Vehicle (HEV)
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2018-2022)
            8.5.3.3    Forecast Trend (2023-2028)
        8.5.4    Others
    8.6    Global Electric Vehicle (EV) Transmission Market by Transmission System
        8.6.1    Automated Manual Transmissions
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2018-2022)
            8.6.1.3    Forecast Trend (2023-2028)
        8.6.2    Continuously Variable Transmission
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2018-2022)
            8.6.2.3    Forecast Trend (2023-2028)
        8.6.3    Automatic Transmission 
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2018-2022)
            8.6.3.3    Forecast Trend (2023-2028)
        8.6.4    Dedicated Hybrid Transmission/Dual Clutch Transmission
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2018-2022)
            8.6.4.3    Forecast Trend (2023-2028)    
    8.7    Global Electric Vehicle (EV) Transmission Market by Region
        8.7.1    North America
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2018-2022) 
            8.7.1.3    Forecast Trend (2023-2028)
        8.7.2    Europe
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2018-2022) 
            8.7.2.3    Forecast Trend (2023-2028)
        8.7.3    Asia Pacific
            8.7.3.1    Market Share
            8.7.3.2    Historical Trend (2018-2022)
            8.7.3.3    Forecast Trend (2023-2028)
        8.7.4    Latin America
            8.7.4.1    Market Share
            8.7.4.2    Historical Trend (2018-2022) 
            8.7.4.3    Forecast Trend (2023-2028)
        8.7.5    Middle East and Africa
            8.7.5.1    Market Share
            8.7.5.2    Historical Trend (2018-2022) 
            8.7.5.3    Forecast Trend (2023-2028)
9    North America Electric Vehicle (EV) Transmission Market Analysis
    9.1    United States of America 
        9.1.1    Market Share
        9.1.2    Historical Trend (2018-2022) 
        9.1.3    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Market Share
        9.2.2    Historical Trend (2018-2022) 
        9.2.3    Forecast Trend (2023-2028)
10    Europe Electric Vehicle (EV) Transmission Market Analysis
    10.1    United Kingdom
        10.1.1    Market Share
        10.1.2    Historical Trend (2018-2022) 
        10.1.3    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Market Share
        10.2.2    Historical Trend (2018-2022) 
        10.2.3    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Market Share
        10.3.2    Historical Trend (2018-2022) 
        10.3.3    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Market Share
        10.4.2    Historical Trend (2018-2022) 
        10.4.3    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific Electric Vehicle (EV) Transmission Market Analysis
    11.1    China
        11.1.1    Market Share
        11.1.2    Historical Trend (2018-2022) 
        11.1.3    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Market Share
        11.2.2    Historical Trend (2018-2022) 
        11.2.3    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Market Share
        11.3.2    Historical Trend (2018-2022) 
        11.3.3    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Market Share
        11.4.2    Historical Trend (2018-2022) 
        11.4.3    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Market Share
        11.5.2    Historical Trend (2018-2022) 
        11.5.3    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America Electric Vehicle (EV) Transmission Market Analysis
    12.1    Brazil
        12.1.1    Market Share
        12.1.2    Historical Trend (2018-2022) 
        12.1.3    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Market Share
        12.2.2    Historical Trend (2018-2022) 
        12.2.3    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Market Share
        12.3.2    Historical Trend (2018-2022) 
        12.3.3    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa Electric Vehicle (EV) Transmission Market Analysis
    13.1    Saudi Arabia
        13.1.1    Market Share
        13.1.2    Historical Trend (2018-2022) 
        13.1.3    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Market Share
        13.2.2    Historical Trend (2018-2022) 
        13.2.3    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Market Share
        13.3.2    Historical Trend (2018-2022) 
        13.3.3    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Market Share
        13.4.2    Historical Trend (2018-2022) 
        13.4.3    Forecast Trend (2023-2028)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Competitive Landscape
    15.1    Market Structure
    15.2    Company Profiles
        15.2.1    Aisin Corporation
            15.2.1.1    Company Overview
            15.2.1.2    Product Portfolio
            15.2.1.3    Demographic Reach and Achievements
            15.2.1.4    Certifications
        15.2.2    AVL List GmbH
            15.2.2.1    Company Overview
            15.2.2.2    Product Portfolio
            15.2.2.3    Demographic Reach and Achievements
            15.2.2.4    Certifications
        15.2.3    BorgWarner Inc.
            15.2.3.1    Company Overview
            15.2.3.2    Product Portfolio
            15.2.3.3    Demographic Reach and Achievements
            15.2.3.4    Certifications
        15.2.4    Allison Transmission, Inc 
            15.2.4.1    Company Overview
            15.2.4.2    Product Portfolio
            15.2.4.3    Demographic Reach and Achievements
            15.2.4.4    Certifications
        15.2.5    Eaton Corporation plc
            15.2.5.1    Company Overview
            15.2.5.2    Product Portfolio
            15.2.5.3    Demographic Reach and Achievements
            15.2.5.4    Certifications
        15.2.6    ZF Friedrichshafen AG
            15.2.6.1    Company Overview
            15.2.6.2    Product Portfolio
            15.2.6.3    Demographic Reach and Achievements
            15.2.6.4    Certifications
        15.2.7    Others
16    Key Trends and Developments in the Market

 

List of Figures and Tables

1.    Global Electric Vehicle (EV) Transmission Market: Key Industry Highlights, 2018 and 2028
2.    Global Electric Vehicle (EV) Transmission Historical Market: Breakup by Type (USD Billion), 2018-2022
3.    Global Electric Vehicle (EV) Transmission Market Forecast: Breakup by Type (USD Billion), 2023-2028
4.    Global Electric Vehicle (EV) Transmission Historical Market: Breakup by Vehicle (USD Billion), 2018-2022
5.    Global Electric Vehicle (EV) Transmission Market Forecast: Breakup by Vehicle (USD Billion), 2023-2028
6.    Global Electric Vehicle (EV) Transmission Historical Market: Breakup by Transmission System (USD Billion), 2018-2022
7.    Global Electric Vehicle (EV) Transmission Market Forecast: Breakup by Transmission System (USD Billion), 2023-2028
8.    Global Electric Vehicle (EV) Transmission Historical Market: Breakup by Region (USD Billion), 2018-2022
9.    Global Electric Vehicle (EV) Transmission Market Forecast: Breakup by Region (USD Billion), 2023-2028
10.    North America Electric Vehicle (EV) Transmission Historical Market: Breakup by Country (USD Billion), 2018-2022
11.    North America Electric Vehicle (EV) Transmission Market Forecast: Breakup by Country (USD Billion), 2023-2028
12.    Europe Electric Vehicle (EV) Transmission Historical Market: Breakup by Country (USD Billion), 2018-2022
13.    Europe Electric Vehicle (EV) Transmission Market Forecast: Breakup by Country (USD Billion), 2023-2028
14.    Asia Pacific Electric Vehicle (EV) Transmission Historical Market: Breakup by Country (USD Billion), 2018-2022
15.    Asia Pacific Electric Vehicle (EV) Transmission Market Forecast: Breakup by Country (USD Billion), 2023-2028
16.    Latin America Electric Vehicle (EV) Transmission Historical Market: Breakup by Country (USD Billion), 2018-2022
17.    Latin America Electric Vehicle (EV) Transmission Market Forecast: Breakup by Country (USD Billion), 2023-2028
18.    Middle East and Africa Electric Vehicle (EV) Transmission Historical Market: Breakup by Country (USD Billion), 2018-2022
19.    Middle East and Africa Electric Vehicle (EV) Transmission Market Forecast: Breakup by Country (USD Billion), 2023-2028
20.    Global Electric Vehicle (EV) Transmission Market Structure

Key Questions Answered in the Report

In 2021, the global electric vehicle (EV) transmission market attained a value of nearly USD 6.4 billion.

The market is assessed to grow at a CAGR of 29.20% between 2023 and 2028.

The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach almost USD 29.77 billion by 2027.

The major industry drivers include the emerging need to protect environment from carbon emissions and fuel-efficient economy, developing charging infrastructure, increasing use of single-speed transmission system by the manufacturers due to cost-effectiveness, and the importance of automatic transmission system in improving the driving experience.

The key trends guiding the growth of the market include the faster adoption of electric vehicles, stringent government regulations, and advancements in the automotive sector.

The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The various types of electric vehicle transmission, include single-speed transmission and multi-speed transmission.

The significant market divisions, based on vehicle, include battery electric vehicle (BEV), plug-in hybrid electric vehicle (PHEV), and hybrid electric vehicle (HEV), among others.

The major market divisions, based on transmission system, include automated manual transmissions, continuously variable transmission, automatic transmission, and dedicated hybrid transmission/dual clutch transmission.

The major players in the market are the Aisin Corporation, AVL List GmbH, BorgWarner Inc., Allison Transmission, Inc, Eaton Corporation plc, and ZF Friedrichshafen AG, among others.

Analyst Review

The global electric vehicle (EV) transmission market attained a value of nearly USD 6.4 billion in 2021, driven by the rapid electrification of transport systems. Aided by the stringent emission rules, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 29.20%. The market is estimated to reach about USD 29.77 billion by 2027.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. The market for electric vehicle transmission, by type, is divided into single-speed transmission and multi-speed transmission. Based on vehicle, the market is segmented into battery electric vehicle (BEV), plug-in hybrid electric vehicle (PHEV), and hybrid electric vehicle (HEV), among others. On the basis of transmission system, the market is classified into automated manual transmissions, continuously variable transmission, automatic transmission, and dedicated hybrid transmission/dual clutch transmission. The major regional markets for electric vehicle transmission are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Aisin Corporation, AVL List GmbH, BorgWarner Inc., Allison Transmission, Inc, Eaton Corporation plc, and ZF Friedrichshafen AG, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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