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Electric Vehicle Transmission Market: Global Opportunity Analysis and Industry Forecast, 2019-2026

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    Report

  • 296 Pages
  • August 2019
  • Region: Global
  • Allied Market Research
  • ID: 4845519
Transmission is a component that is installed in a vehicle to transfer the mechanical power from the engine for spinning the wheel. Electric vehicles are generally installed with single-speed transmission; however, leading players in the electric vehicle (EV) transmission market are launching new multi speed transmission with added features for high performance and efficient energy conversion. Electric vehicle with multi-speed transmission offers better performance than single-speed transmission systems in terms of faster acceleration, top speed, gradeability with driving range, and others.

Electric vehicle (EV) transmission is anticipated to witness significant growth over the years, owing to government initiatives to boost the adoption of electric vehicle and need of fuel-efficient vehicles.

The global electric vehicle (EV) transmission market is segment based on transmission type, vehicle type, transmission system, and region. Based on transmission type, the market is bifurcated into single speed and multi speed. Based on vehicle type, it is divided into battery electric vehicle, hybrid electric vehicle, plug-in hybrid electric vehicle, and others. Transmission systems are categorized as AMT transmissions, CVT transmissions, DCT/DHT transmissions, and AT transmission. Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players analyzed in the electric vehicle (EV) transmission market include Aisin Seiki Co., Ltd., Allison Transmission Inc., AVL List GmbH, BorgWarner Inc, Continental AG, Dana Limited, Eaton, JATCO Ltd., Schaeffler Technologies AG & Co. KG, ZF Friedrichshafen AG, and others.

KEY BENEFITS FOR STAKEHOLDERS
  • This study presents the analytical depiction of the global electric vehicle (EV) transmission market along with the current trends and future estimations to depict the imminent investment pockets.
  • The overall market potential is determined to understand the profitable trends to enable stakeholders to gain a stronger foothold in the market.
  • The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
  • The current market is quantitatively analyzed from 2018 to 2026 to highlight the financial competency of the market.
  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers.

KEY MARKET SEGMENTS

By Transmission Type
o Single Speed
o Multi Speed

By Vehicle Type
o Battery Electric Vehicle
o Hybrid electric vehicle
o Plug-in hybrid electric vehicle
o Others

By Transmission System
o AMT Transmissions
o CVT Transmissions
o DCT/DHT Transmissions
o AT Transmission

By Region

North America
  • U.S.
  • Canada
  • Mexico

Europe
  • UK
  • Germany
  • France
  • Italy
  • Rest of Europe

Asia-Pacific
  • South Korea
  • China
  • Japan
  • India
  • Rest of Asia-Pacific

LAMEA
  • Latin America
  • Middle East
  • Africa

Table of Contents

Chapter 1: Introduction
1.1. Report Description
1.2. Key Benefits For Stakeholders
1.3. Key Market Segments
1.4. Research Methodology
1.4.1. Primary Research
1.4.2. Secondary Research
1.4.3. Analyst Tools And Models
Chapter 2: Executive Summary
2.1. Cxo Perspective
Chapter 3: Market Overview
3.1. Market Definition And Scope
3.2. Key Findings
3.2.1. Top Impacting Factors
3.2.2. Top Investment Pockets
3.2.3. Top Winning Strategies
3.3. Porter’S Five Forces Analysis
3.4. Market Share Analysis (2018)
3.5. Market Dynamics
3.5.1. Drivers
3.5.1.1. Rising Demand For Fuel Efficient And Low-Emission Vehicles.
3.5.1.2. Growth In Production of Electric Vehicles.
3.5.1.3. Government Initiative To Support Adoption of Electric Vehicle
3.5.2. Restraint
3.5.2.1. High Cost of Electric Vehicles
3.5.3. Opportunities
3.5.3.1. Technological Advancement In Electric Vehicles
3.5.3.2. Incorporation of Vehicle-To-Grid (V2G) Ev Charging Stations
Chapter 4: Ev Transmission Market, By Type
4.1. Overview
4.2. Single Speed Transmission
4.2.1. Key Market Trends, Growth Factors And Opportunities
4.2.2. Market Size And Forecast, By Region
4.2.3. Market Analysis By Country
4.3. Multi Speed Transmission
4.3.1. Key Market Trends, Growth Factors, And Opportunities
4.3.2. Market Size And Forecast, By Region
4.3.3. Market Analysis By Country
Chapter 5: Ev Transmission Market, By Vehicle Type
5.1. Overview
5.2. Battery Electric Vehicle
5.2.1. Key Market Trends, Growth Factors And Opportunities
5.2.2. Market Size And Forecast, By Region
5.2.3. Market Analysis By Country
5.3. Hybrid Electric Vehicle
5.3.1. Key Market Trends, Growth Factors, And Opportunities
5.3.2. Market Size And Forecast, By Region
5.3.3. Market Analysis By Country
5.4. Plug-In Hybrid Electric Vehicle
5.4.1. Key Market Trends, Growth Factors, And Opportunities
5.4.2. Market Size And Forecast, By Region
5.4.3. Market Analysis By Country
5.5. Others
5.5.1. Key Market Trends, Growth Factors, And Opportunities
5.5.2. Market Size And Forecast, By Region
5.5.3. Market Analysis By Country
Chapter 6: Ev Transmission Market, By Transmission System
6.1. Overview
6.2. Amt Transmissions
6.2.1. Key Market Trends, Growth Factors And Opportunities
6.2.2. Market Size And Forecast, By Region
6.2.3. Market Analysis By Country
6.3. Cvt Transmissions
6.3.1. Key Market Trends, Growth Factors, And Opportunities
6.3.2. Market Size And Forecast, By Region
6.3.3. Market Analysis By Country
6.4. Dct/Dht Transmissions
6.4.1. Key Market Trends, Growth Factors, And Opportunities
6.4.2. Market Size And Forecast, By Region
6.4.3. Market Analysis By Country
6.5. At Transmission
6.5.1. Key Market Trends, Growth Factors, And Opportunities
6.5.2. Market Size And Forecast, By Region
6.5.3. Market Analysis By Country
Chapter 7: Ev Transmission Market, By Region
7.1. Overview
7.2. North America
7.2.1. Key Market Trends, Growth Factors, And Opportunities
7.2.2. Market Size And Forecast, By Type
7.2.3. Market Size And Forecast, By Vehicle Type
7.2.4. Market Size And Forecast, By Transmission System
7.2.5. Market Analysis By Country
7.2.5.1. U.S.
7.2.5.1.1. Market Size And Forecast, By Type
7.2.5.1.2. Market Size And Forecast, By Vehicle Type
7.2.5.1.3. Market Size And Forecast, By Transmission System
7.2.5.2. Canada
7.2.5.2.1. Market Size And Forecast, By Type
7.2.5.2.2. Market Size And Forecast, By Vehicle Type
7.2.5.2.3. Market Size And Forecast, By Transmission System
7.2.5.3. Mexico
7.2.5.3.1. Market Size And Forecast, By Type
7.2.5.3.2. Market Size And Forecast, By Vehicle Type
7.2.5.3.3. Market Size And Forecast, By Transmission System
7.3. Europe
7.3.1. Key Market Trends, Growth Factors, And Opportunities
7.3.2. Market Size And Forecast, By Type
7.3.3. Market Size And Forecast, By Vehicle Type
7.3.4. Market Size And Forecast, By Transmission System
7.3.5. Market Analysis By Country
7.3.5.1. U.K.
7.3.5.1.1. Market Size And Forecast, By Type
7.3.5.1.2. Market Size And Forecast, By Vehicle Type
7.3.5.1.3. Market Size And Forecast, By Transmission System
7.3.5.2. Germany
7.3.5.2.1. Market Size And Forecast, By Type
7.3.5.2.2. Market Size And Forecast, By Vehicle Type
7.3.5.2.3. Market Size And Forecast, By Transmission System
7.3.5.3. France
7.3.5.3.1. Market Size And Forecast, By Type
7.3.5.3.2. Market Size And Forecast, By Vehicle Type
7.3.5.3.3. Market Size And Forecast, By Transmission System
7.3.5.4. Italy
7.3.5.4.1. Market Size And Forecast, By Type
7.3.5.4.2. Market Size And Forecast, By Vehicle Type
7.3.5.4.3. Market Size And Forecast, By Transmission System
7.3.5.5. Rest of Europe
7.3.5.5.1. Market Size And Forecast, By Type
7.3.5.5.2. Market Size And Forecast, By Vehicle Type
7.3.5.5.3. Market Size And Forecast, By Transmission System
7.4. Asia-Pacific
7.4.1. Key Market Trends, Growth Factors, And Opportunities
7.4.2. Market Size And Forecast, By Type
7.4.3. Market Size And Forecast, By Vehicle Type
7.4.4. Market Size And Forecast, By Transmission System
7.4.5. Market Analysis By Country
7.4.5.1. South Korea
7.4.5.1.1. Market Size And Forecast, By Type
7.4.5.1.2. Market Size And Forecast, By Vehicle Type
7.4.5.1.3. Market Size And Forecast, By Transmission System
7.4.5.2. China
7.4.5.2.1. Market Size And Forecast, By Type
7.4.5.2.2. Market Size And Forecast, By Vehicle Type
7.4.5.2.3. Market Size And Forecast, By Transmission System
7.4.5.3. Japan
7.4.5.3.1. Market Size And Forecast, By Type
7.4.5.3.2. Market Size And Forecast, By Vehicle Type
7.4.5.3.3. Market Size And Forecast, By Transmission System
7.4.5.4. India
7.4.5.4.1. Market Size And Forecast, By Type
7.4.5.4.2. Market Size And Forecast, By Vehicle Type
7.4.5.4.3. Market Size And Forecast, By Transmission System
7.4.5.5. Rest of Asia-Pacific
7.4.5.5.1. Market Size And Forecast, By Type
7.4.5.5.2. Market Size And Forecast, By Vehicle Type
7.4.5.5.3. Market Size And Forecast, By Transmission System
7.5. LAMEA
7.5.1. Key Market Trends, Growth Factors, And Opportunities
7.5.2. Market Size And Forecast, By Type
7.5.3. Market Size And Forecast, By Vehicle Type
7.5.4. Market Size And Forecast, By Transmission System
7.5.5. Market Analysis By Country
7.5.5.1. Latin America
7.5.5.1.1. Market Size And Forecast, By Type
7.5.5.1.2. Market Size And Forecast, By Vehicle Type
7.5.5.1.3. Market Size And Forecast, By Transmission System
7.5.5.2. Middle East
7.5.5.2.1. Market Size And Forecast, By Type
7.5.5.2.2. Market Size And Forecast, By Vehicle Type
7.5.5.2.3. Market Size And Forecast, By Transmission System
7.5.5.3. Africa
7.5.5.3.1. Market Size And Forecast, By Type
7.5.5.3.2. Market Size And Forecast, By Vehicle Type
7.5.5.3.3. Market Size And Forecast, By Transmission System
Chapter 8: Company Profiles
8.1. Aisin Seiki Co., Ltd.
8.1.1. Company Overview
8.1.2. Company Snapshot
8.1.3. Operating Business Segments
8.1.4. Product Portfolio
8.1.5. Business Performance
8.2. Allison Transmission Inc.
8.2.1. Company Overview
8.2.2. Company Snapshot
8.2.3. Operating Business Segments
8.2.4. Product Portfolio
8.2.5. Business Performance
8.2.6. Key Strategic Moves And Developments
8.3. Avl List Gmbh
8.3.1. Company Overview
8.3.2. Company Snapshot
8.3.3. Product Portfolio
8.4. Borgwarner Inc.
8.4.1. Company Overview
8.4.2. Company Snapshot
8.4.3. Operating Business Segments
8.4.4. Product Portfolio
8.4.5. Business Performance
8.4.6. Key Strategic Moves And Developments
8.5. Continental Ag
8.5.1. Company Overview
8.5.2. Company Snapshot
8.5.3. Operating Business Segments
8.5.4. Product Portfolio
8.5.5. Business Performance
8.5.6. Key Strategic Moves And Developments
8.6. Dana Limited.
8.6.1. Company Overview
8.6.2. Company Snapshot
8.6.3. Operating Business Segments
8.6.4. Product Portfolio
8.6.5. Business Performance
8.6.6. Key Strategic Moves And Developments
8.7. Eaton
8.7.1. Company Overview
8.7.2. Company Snapshot
8.7.3. Operating Business Segments
8.7.4. Product Portfolio
8.7.5. Business Performance
8.7.6. Key Strategic Moves And Developments
8.8. Jatco Ltd.
8.8.1. Company Overview
8.8.2. Company Snapshot
8.8.3. Product Portfolio
8.8.4. Key Strategic Moves And Developments
8.9. Schaeffler Technologies Ag & Co. Kg
8.9.1. Company Overview
8.9.2. Company Snapshot
8.9.3. Operating Business Segments
8.9.4. Business Performance
8.10. Zf Friedrichshafen Ag
8.10.1. Company Overview
8.10.2. Company Snapshot
8.10.3. Operating Business Segments
8.10.4. Product Portfolio
8.10.5. Business Performance

Executive Summary

According to the report titled,'Electric Vehicle (EV) Transmission Market by Transmission Type, Vehicle Type, and Transmission System: Global Opportunity Analysis and Industry Forecast, 2018-2026,' the global electric vehicle (EV) transmission market size was valued at $2.52 billion in 2018, and is projected to reach $15.38 billion by 2026, registering a CAGR of 25.8% from 2019 to 2026.

Asia-Pacific dominates the market, followed by Europe, North America, and LAMEA. China dominated the global electric vehicle (EV) transmission market share in 2018, whereas India is expected to grow at a significant rate in the Asia-Pacific during the electric vehicle (EV) transmission market forecast.

Electric vehicles are unique in terms of transmission as they do not have the feature of multi-speed gearbox such as the conventional petrol or diesel vehicles. Electric vehicle can work on single gear and exhibit significantly fast acceleration. For instance, The Tesla Model S Performance can reach from 0-60mph in just 2.4 seconds, which makes it faster than most of the supercars present in the market. Typically, electric vehicles can make revolutions up to 20,000rpm, which is much higher than the common 4,000-6,000rpm limit that is found in conventional cars. The important advantage of electric vehicles is that they are power efficient throughout this rev range, which means that they do not have to be in a small narrow rev band to achieve optimum performance.

It is true that electric vehicle works on a single gear system however, there are some applications where electric vehicles comes with multi speed gear box. In Formula E, the series of electric single-seater race, there are teams that incorporated use of multi speed gearbox for the vehicles.

Manufacturers in electric vehicle (EV) transmission market are launching new transmission systems with advancements and innovations in the system. For instance, an engineering firm named GKN Driveline launched new two-geared eTwisterX electric driveline. This system is significantly smaller and is designed to fit from small cars such as VW e-up! To the large plug-in hybrid vehicles such as Mitsubishi Outlander PHEV. In addition, introduction of second gear allows faster acceleration and top-speed than single speed electric drive units. Electric vehicle operates in the first gear for low-speed acceleration, which helps the launch quicker. When on the motorway, the vehicle is projected to automatically shift to the second gear for higher top speed.

Transmission manufacturers for electric vehicles are introducing new multi speed transmission in the market with added features and advancements, which in turn will propel the growth of EV transmission market. For instance, on July 19, 2019, ZF Friedrichshafen AG introduced new electric two-speed drive solution for passenger cars in the market. ZF developed the new system with maximum power rating of 140 kW and two stage shift elements. In addition, vehicle with two-speed gear drive consume less energy due to which the range is extended by 5% as compared to the single-speed drive. This new two-speed drive offer two options for vehicle manufacturer to improve the energy conversion efficiency. The original equipment manufacturer (OEM) can either use a small accumulator or opt for extended range while adopting the same size of accumulator.

Factors such as rise in demand for fuel efficient and low-emission vehicles and increase in production of electric vehicles are driving the growth of the electric vehicle (EV) transmission market. In addition, government initiative to support adoption of electric vehicle is anticipated to boost the growth of the market. However, high cost of electric vehicles hampers the growth of the electric vehicle (EV) transmission market. Furthermore, technological advancements in electric vehicles and incorporation of Vehicle-To-Grid (V2g) EV charging stations are expected to provide remarkable growth opportunities for the key players operating in the electric vehicle (EV) transmission industry.

Key Findings of the Electric Vehicle (EV) Transmission Market:
Based on transmission type, the multi speed segment is expected to grow at a lucrative growth rate in EV transmission market.
Based on vehicle type, the plug-in hybrid electric vehicle segment is expected to experience remarkable growth during the forecast period.
Based on transmission system, the AMT Transmission segment is anticipated to exhibit the highest CAGR during the forecast period.
Based on region, Asia-Pacific contributed the highest electric vehicle (EV) transmission market revenue in 2018, followed by Europe, North America, and LAMEA.

The key players in electric vehicle (EV) transmission market analysis are Aisin Seiki Co., Ltd., Allison Transmission Inc., AVL List GmbH, BorgWarner Inc, Continental AG, Dana Limited, Eaton, JATCO Ltd., Schaeffler Technologies AG & Co. KG, ZF Friedrichshafen AG, and others.

Companies Mentioned

  • Aisin Seiki Co. Ltd.
  • Allison Transmission Inc.
  • AVL List GmbH
  • BorgWarner Inc
  • Continental AG
  • Dana Limited
  • Eaton
  • JATCO Ltd.
  • Schaeffler Technologies AG & Co. KG
  • ZF Friedrichshafen AG

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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