Global Electric Vehicle Transmission System Market 2020-2024
Technavio has been monitoring the electric vehicle transmission system market and it is poised to grow by $ 91.95 bn during 2020-2024 progressing at a CAGR of 45% during the forecast period. Our reports on the electric vehicle transmission system market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the adoption of the multi-speed transmission, increasing demand for battery electric vehicles, and decreasing prices of lithium-ion battery boost adoption of electric vehicles (EVs).
The electric vehicle transmission system market analysis includes type segment and geographic landscape.
Technavio's electric vehicle transmission system market is segmented as below:
- Multi-speed transmission
- Single-speed transmission
By Geographic Landscapes
- North America
- South America
This study identifies rapid development of electrified luxury vehicles as one of the prime reasons driving the electric vehicle transmission system market growth during the next few years. Also, the popularity of e-axle system will lead to sizable demand in the market.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our electric vehicle transmission system market covers the following areas:
- Electric vehicle transmission system market sizing
- Electric vehicle transmission system market forecast
- Electric vehicle transmission system market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading electric vehicle transmission system market vendors that include Aisin Seiki Co. Ltd., BorgWarner Inc., Eaton Corporation Plc, GKN Automotive Ltd., Hewland Engineering Ltd., OC Oerlikon Corp. AG, Ricardo Plc, Schaeffler AG, Xtrac Ltd., and ZF Friedrichshafen AG. Also, the electric vehicle transmission system market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.