Technavio has been monitoring the electric vehicle transmission system market and it is poised to grow by 91.95 bn during 2020-2024, progressing at a CAGR of almost 45% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global Electric Vehicle Transmission System Market 2020-2024 (Graphic: Business Wire)
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Frequently Asked Questions:
- What are the major trends in the market?
The rapid development of electrified luxury vehicles is a major trend driving the growth of the market. - At what rate is the market projected to grow?
The year-over-year growth for 2020 is estimated at 41.71% and the incremental growth of the market is anticipated to be 91.95 bn. - Who are the top players in the market?
Aisin Seiki Co. Ltd., BorgWarner Inc., Eaton Corporation Plc, GKN Automotive Ltd., Hewland Engineering Ltd., OC Oerlikon Corp. AG, Ricardo Plc, Schaeffler AG, Xtrac Ltd., and ZF Friedrichshafen AG, are some of the major market participants. - What is the key market driver?
The adoption of the multi-speed transmission is one of the major factors driving the market. - How big is the Europe market?
The Europe region will contribute 59% of the market share.
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Aisin Seiki Co. Ltd., BorgWarner Inc., Eaton Corporation Plc, GKN Automotive Ltd., Hewland Engineering Ltd., OC Oerlikon Corp. AG, Ricardo Plc, Schaeffler AG, Xtrac Ltd., and ZF Friedrichshafen AG are some of the major market participants. The adoption of the multi-speed transmission will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Electric Vehicle Transmission System Market 2020-2024: Segmentation
Electric Vehicle Transmission System Market is segmented as below:
- Type
- Multi-speed Transmission
- Single-speed Transmission
- Geography
- Europe
- North America
- APAC
- South America
- MEA
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Electric Vehicle Transmission System Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The electric vehicle transmission system market report covers the following areas:
- Electric Vehicle Transmission System Market Size
- Electric Vehicle Transmission System Market Trends
- Electric Vehicle Transmission System Market Industry Analysis
This study identifies the rapid development of electrified luxury vehicles as one of the prime reasons driving the electric vehicle transmission system market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19 impacted market research reports.
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Electric Vehicle Transmission System Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist electric vehicle transmission system market growth during the next five years
- Estimation of the electric vehicle transmission system market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the electric vehicle transmission system market
- Analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of electric vehicle transmission system market vendors
Table of Contents:
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Type
- Market segments
- Comparison by Type
- Multi-speed transmission Market size and forecast 2019-2024
- Single-speed transmission Market size and forecast 2019-2024
- Market opportunity by Type
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- Europe Market size and forecast 2019-2024
- North America Market size and forecast 2019-2024
- APAC Market size and forecast 2019-2024
- South America Market size and forecast 2019-2024
- MEA Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Aisin Seiki Co. Ltd.
- BorgWarner Inc.
- Eaton Corporation Plc
- GKN Automotive Ltd.
- Hewland Engineering Ltd.
- OC Oerlikon Corp. AG
- Ricardo Plc
- Schaeffler AG
- Xtrac Ltd.
- ZF Friedrichshafen AG
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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