According to a new market report published by Lucintel, the future of the global electric vehicle transmission market looks promising with opportunities in battery electric vehicles, hybrid electric vehicles, plug-in hybrid electric vehicles, and others. The global electric vehicle transmission market is expected to grow with a CAGR of 22% from 2021 to 2026. The major drivers for this market are rise in demand for fuel efficient and low-emission vehicles, growth in production of electric vehicles, and adoption of electric vehicles.
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In this market, AMT, CVT, AT transmissions, and others are the major transmission systems used to manufacture electric vehicle transmission. On the basis of comprehensive research, Lucintel forecasts that AMT transmissions will remain the largest segment, and it is also expected to witness the highest growth over the forecast period because of its dual transmission modes, such as automatic and manual transmission. These transmissions provide the required high power in manual transmission and the ease of long distance travel in automatic transmission.
Within the global electric vehicle transmission market, the plug-in hybrid electric vehicle segment is expected to witness the highest growth over the forecast period due to the rising adoption of PHEV in several developed countries.
APAC is expected to remain the largest market and witness the highest growth over the forecast period due to rising production and sales of electric vehicles and the rising adoption of mini electric vehicles.
Emerging trends, which have a direct impact on the dynamics of the industry, include shifting towards electric vehicles over conventional vehicles, efficient use of power stored battery packs, and development of unique transmission system. Aisin Seiki Co., Ltd., Allison Transmission Inc., AVL List GmbH, BorgWarner Inc, Continental AG, Dana Limited, Eaton, JATCO Ltd., Schaeffler Technologies AG & Co. KG, and ZF Friedrichshafen AG are among the major suppliers of the electric vehicle transmission market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global electric vehicle transmission market by transmission type, transmission system, vehicle type, and region, and has compiled a comprehensive research report titled “Growth Opportunities in the Global Electric Vehicle Transmission Market 2021-2026: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy by providing comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global electric vehicle transmission market by transmission type, transmission system, vehicle type, and region, as follows:
By Transmission Type [Value ($ Million) from 2015 to 2026]:
By Transmission System [Value ($ Million) from 2015 to 2026]:
AMT Transmissions
CVT Transmissions
AT Transmissions
Others
By Vehicle Type [Value ($ Million) from 2015 to 2026]:
Battery Electric Vehicles
Hybrid Electric Vehicles
Plug-in Hybrid Electric Vehicles
Others
By Region [Value ($ Million) from 2015 to 2026]:
North America
United States
Canada
Mexico
Europe
APAC
ROW
This more than 150 page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or helpdesk@lucintel.com.
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