1. Market Research
  2. > Automotive
  3. > Motor Vehicle
  4. > Electric Vehicle Market Trends
EV Transmission Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Type ; by Driveline Type ; and Geography

EV Transmission Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Type ; by Driveline Type ; and Geography

  • November 2020
  • 152 pages
  • ID: 6010053
  • Format: PDF
  • The Insight Partners

Summary

Table of Contents

Search Inside

The global EV Transmission accounted for US$ 2,236.4 Mn in 2019 and are expected to grow at a CAGR of 14.0% over the forecast period 2020-2027, to account for US$ 3,860.7 Mn by 2027. Apart from the traction motor, another critical component related to the power performance in an electric vehicle’s systems is the transmission or gearbox in the drive system. When traveling, electric vehicles should have sufficient driving force to overcome road load. The acceleration performance and maximum speed performance of electric vehicles can be observed based on the wheel axle driving force curve and road load curve.
It has been observed that as multi-speed transmission has a different gear ratio, the performance scope of the motor can be expanded (with massive torque at low speed and with the high rotate speed at high speed).Thus, an electric vehicle with transmission has better road load resistance performance than that with a single ratio gearbox.

It can reduce the power requirements for the motor and enhance the performance of the electric vehicle. Therefore, transmission is a better choice to improve the performance of an electric vehicle.

Despite several advantages offered by heavy duty electric vehicles such as buses and trucks, there are various factors that could affect the adoption of these vehicles and thus limit the growth of EV transmission system market in the coming years.Due to initial development phases of heavy-duty electric vehicles, the upfront cost of these vehicle is considerably high in comparison to conventional diesel and natural gas vehicles.

Since, buses and trucks are ordered in bulk by government and private contractors, price plays a crucial role in the purchase decision which could take over the intensions of clean energy vehicle adoption.Many cities and municipalities have a fixed budget and may not opt for expensive electric buses and trucks.

Hence, there is a huge need of strong government support to increase the adoption.Alternative payment methods such as leasing options coupled with efforts to reduce the overall cost of electric vehicles and battery systems could help in promoting the adoption in the coming years.

Scalability of electric buses and trucks is another major concern for manufacturers worldwide, as most major contracts for these heavy vehicles made possible with the national and regional grants. This is not a scalable solution in the long term. Hence, reduction in the upfront cost of these vehicles is anticipated to play a major role in the future adoption of these vehicles as well as EV transmission systems during the forecast period of 2020 to 2027.

The presence of fast-growing countries, rising technology adoption, adoption of high-end automation solutions, and the rise in industrialization are some of the major factors that are expected to drive the growth of EV Transmission market in the APAC region. Other developing regions such as MEA and SAM are also projected to grow at a steady pace, owing to the increasing government initiatives to digitalize the economy with the adoption of advanced technologies across several industries such as consumer electronics, automotive, aerospace, and food & beverages among others.

Transportation is the major source of pollution all across the world and heavy-duty vehicles such as trucks and buses are the major contributors in this category.To address this issue, governments of major countries such as the US, the UK, Germany, Japan, and China are taking initiatives to boost the adoption of electric buses and trucks at a fast rate.

The high efficiency of electric trucks and buses over conventional diesel and natural gas vehicles is another factor that is expected to drive the growth of this segment in the coming years.With still in the initial growth stages, this segment is anticipated to see an impressive growth with increasing push for the electrification of transport sector worldwide.

China is one of the largest countries that is aggressively pushing the world’s largest electric bus market, followed by Europe and the US.As per Electric Vehicle Outlook 2019 of BloombergNEF, in the next 20 years, electric vehicles in the LCV category will reach around 56% which includes light trucks and vans and medium commercial electric vehicles will reach 31% in the US, China, and Europe.

The future production of these heavy electric vehicles depends on various factors such as improvements in fuel efficiency, energy costs, reducing emissions, declining costs of batteries and alternative fuels. With fast changing electric vehicle technology, improvement in batteries, and favorable regulatory environment, the demand for electric buses, trucks and other heavy duty electric vehicles is anticipated to grow at an impressive rate and it offers ample growth opportunities for the EV transmission system providers during the forecast period of 2019 to 2027.

The well–established market players operating in the EV Transmission market include Hewland Engineering Ltd, Borgwarner Inc., Continental AG, Porsche AG, Dana Limited, Eaton, and Zf Friedrichshafen AG.

The overall global EV Transmission market size has been derived using both primary and secondary source.The research process begins with exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the global EV Transmission.

It also provides an overview and forecast for the EV Transmission based on all the segmentation provided for the global region.Also, primary interviews were conducted with industry participants and commentators to validate data and analysis.

The participants who typically take part in such a process include industry expert such as VPs, business development managers, EV Transmission intelligence managers, and national sales managers, and external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the EV Transmission industry.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at [email protected] to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - [email protected] or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

Impregnating Resins Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

  • $ 4250
  • November 2021
  • 177 pages

The Global Impregnating Resins Market size is evaluated at USD 1387 million in 2020 and is projected to register a CAGR of over 5% during the forecast period (2021-2026). COVID-19 has negatively affected ...

  • World
  • Motor Vehicle
  • Electric Vehicle
  • Industry analysis
  • Vehicle Production
  • Gross Domestic Product

ref:plp2020

Reportlinker.com © Copyright 2021. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on