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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Electric Vehicle (EV) Transmission Market Size
The global electric vehicle (EV) transmission market value reached a value of about USD 10.68 billion in 2023. The industry is further estimated to grow at a CAGR of 29.20% in the forecast period of 2024-2032 to reach a value of around USD 107.17 billion by 2032.
Electric Vehicle (EV) Transmission Market Report Snapshots
Electric Vehicle (EV) Transmission Market Size
Electric Vehicle (EV) Transmission Market Growth
Electric Vehicle (EV) Transmission Market Trends
Electric Vehicle (EV) Transmission Market Share
Electric Vehicle (EV) Transmission Companies
Electric Vehicle (EV) Transmission Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global electric vehicle (EV) transmission market attained a value of nearly USD 10.68 billion.
The market is assessed to grow at a CAGR of 29.20% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach almost USD 107.17 billion by 2032.
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.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124