US Electric Vehicle (EV) Transmission Market is estimated to be USD 1.57 Bn in 2023 and is expected to reach USD 2.69 Bn by 2028, growing at a CAGR of 11.22%.Government incentives continue to buttress the future of all things electric
Market Dynamics
Market dynamics are forces that impact the prices and behaviors of the stakeholders. These forces create pricing signals which result from the changes in the supply and demand curves for a given product or service. Forces of Market Dynamics may be related to macro-economic and micro-economic factors. There are dynamic market forces other than price, demand, and supply. Human emotions can also drive decisions, influence the market, and create price signals.As the market dynamics impact the supply and demand curves, decision-makers aim to determine the best way to use various financial tools to stem various strategies for speeding the growth and reducing the risks.
Market Segmentations
The US Electric Vehicle (EV) Transmission Market is segmented based on Type, Transmission System, Vehicle Type- By Type, the market is classified into Single Speed and Multi Speed.
- By Transmission System, the market is classified into Automated Manual Transmissions, Continuously Variable Transmissions, Dedicated Hybrid Transmission/Dual Clutch Transmission, and Automatic Transmission.
- By Vehicle Type, the market is classified into Two-Wheeler and Bicycle, Passenger Car (PC), and Commercial Vehicle.
Company Profiles
The report provides a detailed analysis of the competitors in the market. It covers the financial performance analysis for the publicly listed companies in the market. The report also offers detailed information on the companies' recent development and competitive scenario. Some of the companies covered in this report are, Allison Transmission Inc., BorgWarner Inc., Continental Ag, Cummins Inc., Dana ltd., Eaton Corp., etc.Competitive Quadrant
The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.Ansoff Analysis
The report presents a detailed Ansoff matrix analysis for the US Electric Vehicle (EV) Transmission Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.The analyst analyses the US Electric Vehicle (EV) Transmission Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.
Based on the SWOT analysis conducted on the industry and industry players, the analyst has devised suitable strategies for market growth.
Why buy this report?
- The report offers a comprehensive evaluation of the US Electric Vehicle (EV) Transmission Market . The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
- The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
- The report includes an in-depth market analysis using Porter's 5 forces model, PESTLE Analysis, and the Ansoff Matrix. In addition, the impact of COVID-19 and the impact of economic slowdown & impending recession on the market are also featured in the report.
- The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
- The report also contains the competitive analysis using Positioning Quadrants, the analyst's competitive positioning tool.
Report Highlights:
- A complete analysis of the market, including parent industry
- Important market dynamics and trends
- Market segmentation
- Historical, current, and projected size of the market based on value and volume
- Market shares and strategies of key players
- Recommendations to companies for strengthening their foothold in the market
Table of Contents
1 Report Description1.1 Study Objectives
1.2 Market Definition
1.3 Currency
1.4 Years Considered
1.5 Language
1.6 Key Stakeholders
2 Research Methodology
2.1 Research Process
2.2 Data Collection and Validation
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Models
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Assumptions of the Study
2.5 Limitations of the Study
3 Executive Summary
3.1 Introduction
3.2 Market Size, Segmentations and Outlook
4 Market Dynamics
4.1 Drivers
4.1.1 Growing Demand for Larger Torque Range in Electric Commercial Vehicles
4.1.2 Optimized Transmission Lowers Development Costs
4.1.3 Demand for Low-Noise Vehicles and Zero Emissions
4.1.4 Favorable Regulatory Frameworks and Additional Incentives to Safeguard EV Sales
4.2 Restraints
4.2.1 High Cost of Electric Vehicles
4.3 Opportunities
4.3.1 Increase in Demand for BEVs and HEVs
4.3.2 Downsizing of Transmission System
4.3.3 OEMs Launching Multiple Motor Vehicles
4.4 Challenges
4.4.1 Reduction in Electric Vehicles Subsidies
5 Market Analysis
5.1 Regulatory Scenario
5.2 Porter's Five Forces Analysis
5.3 PESTLE Analysis
5.4 SWOT Analysis
5.5 Impact of COVID-19
5.6 Impact of Economic Slowdown & Impending Recession
5.7 Ansoff Matrix Analysis
6 US’ Electric Vehicle (EV) Transmission Market, By Type
6.1 Introduction
6.2 Single Speed
6.3 Multi Speed
7 US’ Electric Vehicle (EV) Transmission Market, By Transmission System
7.1 Introduction
7.2 Automated Manual Transmissions
7.3 Continuously Variable Transmissions
7.4 Dedicated Hybrid Transmission/Dual Clutch Transmission
7.5 Automatic Transmission
8 US’ Electric Vehicle (EV) Transmission Market, By Vehicle Type
8.1 Introduction
8.2 Two-Wheeler and Bicycle
8.3 Passenger Car (PC)
8.4 Commercial Vehicle
9 Competitive Landscape
9.1 Competitive Quadrant
9.2 Market Share Analysis
9.3 Strategic Initiatives
9.3.1 M&A and Investments
9.3.2 Partnerships and Collaborations
9.3.3 Product Developments and Improvements
10 Company Profiles
10.1 Aisin Corp.
10.2 Allison Transmission Inc.
10.3 BorgWarner Inc.
10.4 BYD Co. Ltd.
10.5 Continental Ag
10.6 Cummins Inc.
10.7 Dana ltd.
10.8 Eaton Corp.
10.9 GKN Automotive ltd.
10.10 Hewland Engineering Ltd.
10.11 Hitachi Astemo Americas, Inc.
10.12 Kia Corp.
10.13 Lion Electric Co.
10.14 Magna International Inc.
10.15 Nio Ltd.
10.16 Oerlikon Management Ag
10.17 Robert Bosch GmbH
10.18 Schaeffler Technologies Ag & Co. KG
10.19 Tesla Inc.
10.20 ZF Friedrichshafen Ag
11 Appendix
11.1 Questionnaire
Companies Mentioned
- Aisin Corp.
- Allison Transmission Inc.
- BorgWarner Inc.
- BYD Co. Ltd.
- Continental Ag
- Cummins Inc.
- Dana ltd.
- Eaton Corp.
- GKN Automotive ltd.
- Hewland Engineering Ltd.
- Hitachi Astemo Americas, Inc.
- Kia Corp.
- Lion Electric Co.
- Magna International Inc.
- Nio Ltd.
- Oerlikon Management Ag
- Robert Bosch GmbH
- Schaeffler Technologies Ag & Co. KG
- Tesla Inc.
- ZF Friedrichshafen Ag
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 133 |
| Published | January 2023 |
| Forecast Period | 2023 - 2028 |
| Estimated Market Value ( USD | $ 1.57 Billion |
| Forecasted Market Value ( USD | $ 2.69 Billion |
| Compound Annual Growth Rate | 11.2% |
| Regions Covered | United States |
| No. of Companies Mentioned | 20 |
