Global Electric Vehicle Transmission
Market Report
2025
Delivery Includes:- Market Timeline 2021 till 2033, Market Size, Revenue/Volume Share, Forecast and CAGR, Competitor Analysis, Regional Analysis, Country Analysis, Segment Analysis, Market Trends, Drivers, Opportunities, Restraints, ESG Analysis, Porters Analysis, PESTEL Analysis, Market Attractiveness, Patent Analysis, Technological Trend, SWOT Analysis, COVID-19 Analysis, Consumer Behavior Analysis, etc.
The base year for the calculation is 2024. The historical will be 2021 to 2024. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global market Electrical Vehicle Transmission Market size was valued at USD xx billion in 2024 and is expected to reach USD xx billion at a CAGR of xx% during the forecast period.
2021 | 2025 | 2033 | CAGR | |
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Global Market Size | 121212 | 121212 | 121212 | 121212 |
Country Market Size | 121212 | 121212 | 121212 | 121212 |
North Americ Market Size | 121212 | 121212 | 121212 | 121212 |
Europe Market Size | 121212 | 121212 | 121212 | 121212 |
Asia Pacific Market Size | 121212 | 121212 | 121212 | 121212 |
South America Market Size | 121212 | 121212 | 121212 | 121212 |
Middle East Market Size | 121212 | 121212 | 121212 | 121212 |
Africa Market Size | 121212 | 121212 | 121212 | 121212 |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
Market Split by Transmission system type |
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Market Split by Vehicle Type |
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Market Split by Sales channel |
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Market Split by Conclusion | |
List of Competitors |
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Regional Analysis |
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Country Analysis |
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Market Drivers:
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Market Restrains:
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Market Trends:
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Report scope is customizable as we have a huge database of Electric Vehicle Transmission industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Electric Vehicle Transmission Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The power generated in the electric vehicle motor is transferred to a drive wheel via a gearbox. The EV uses single-speed transmission because the motor is efficient in a wide range of conditions. The output speed of the motor is reduced in two steps: speed reduction and torque multiplication.
Global electric vehicle sales are rising with 2 million sold in the first quarter, which is up to 75% from 2021.
The Electric Vehicle Transmission market refers to the segment of the automotive industry that focuses on the development, production, and distribution of transmission systems especially for electric vehicles. Electric vehicles with high-performance models utilize multi-speed transmission. This transmission offers efficiency and optimizes performance. Hence the manufacturers are continuously working on improving the efficiency of the vehicle transmission, extending driving range, and reducing energy consumption.
The total share of electric vehicles is estimated to reach 30–35% in major markets, and 20–25% globally by 2030.
The U.S., Europe, and China represent the three largest global markets in EV sales. The electric vehicle transmission is used to accommodate speed across a much wider spectrum. This was about the overview of the market.
Fuel like gasoline is not a renewable energy source and is anticipated to be exhausted in the future. Electric vehicles do not use gasoline and are low-emission, as compared to conventional vehicles. According to Fuel Economy Conventional gasoline vehicles only convert about 12%–30% of the energy stored in gasoline to power the wheels. While Conventional gasoline vehicles only convert about 12%–30% of the energy stored in gasoline to power the wheels.
Also, the demand for sustainable and fuel-efficient vehicles is increasing due to an increase in the price of petrol and diesel. All these factors are related to the increase in the electric vehicle transmission market share. Rising demand for sustainable and fuel-efficient vehicles will the market to grow
• For instance, according to the article of IEA 50, the demand for electric vehicle sales is increasing by 35% in a year and will reach 14 million in 2023
(Source:Https://www.iea.org/news/demand-for-electric-cars-is-booming-with-sales-expected-to-leap-35-this-year-after-a-record-breaking-2022).
Electrical vehicle has more advantages over conventional vehicles. Due to this, the demand for electric vehicles has been increasing in recent years. Additionally, increasing investments in EV manufacturing also boost the market of Electric Vehicle Transmission according to the article by IEA 50 the sales of electric vehicles have grown from 4% in 2020 to 18% in 2023. It is expected that the sales will be 17 million in 2024 representing more than 20% growth (Source:https://www.iea.org/energy-system/transport/electric-vehicles).
Furthermore, increasing stringent emissions leads to increasing sales and production of EVs would lead to a rise in the demand for transmission systems. So the due increase in demand leads to an increase in production and helps the market to grow.
• For instance, according to the article by CNN Business, the demand for electric cars could reach up to 45% in China
(Source:Https://www.cnn.com/2024/04/24/business/china-ev-industry-competition-analysis-intl-hnk/index.html).
One of the major restraints in the electrical vehicle transmission market is the lack of infrastructure to support the widespread adoption of electric vehicles. According to the International Energy Agency, in many countries, there are very few charging stations cases as in some countries where the share of EV charging at home is high, such as the United States (83%) and Canada (80%). The United Kingdom has one of the highest reported shares of access to home charging, at 93%. In India, 55% of consumers state that they have access to home charging today (Source:https://www.iea.org/reports/global-ev-outlook-2024/trends-in-electric-vehicle-charging). So lack of infrastructure and high cost of the vehicle are becoming the restrains for the market.
An electrical vehicle costs more than a conventional vehicle. Its high battery cost can be a restraint for the market. Their prices are high due to the expensive production process and high cost of raw materials.
• For instance, the article by Acea, states that Europe needs 8 times more charging points. According to the European Commission, 3.5 million charging points should be installed by 2030.
COVID-19 has negatively affected, the growth of the market and has slowed down due to the pandemic. It has majorly affected the sales and manufacturing of the transmission system for electric vehicles. Additionally, there was a decrease in demand during the pandemic period as the factories were closed and it affected every continent and disrupted the supply chain and industry activities.
Due to the pandemic, there was a drop in the demand. According to the news report by Xinhuanet, due to the COVID-19 pandemic has caused sales of automotive companies to fall as much as 150 million crowns (6.3 billion).
(Source:http://www.xinhuanet.com/english/2020-07/01/c_139178944.htm).
Many manufacturers were concerned about the drop in the market of electrical vehicles. After the pandemic, there was substantial growth in the sales of electric vehicle cars and therefore increase in the demand for the transmission system.
• For instance, according to an article by Reuters, Czech car production is expected to drop by 20% in 2020 due to the pandemic.
(Source:Https://www.reuters.com/article/idusl8n2e72j7/)
• On 29th November 2023 the South Korean industry Hyundai and Kia unveiled the novel EV drivetrain system called the “Uni Wheel,” which can be used on wheels.
• On 6th December 2023 Japanese-based company Toyota stated that its manual EV transmission could have up to 14 gears.
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The electric vehicle transmission market is growing due to the industry leaders, innovative startups, and, forward-thinking technology providers. This group caters to the evolving needs of the Electric Vehicle industry as they are working on increasing efficiency. The key market players differ from them through a strategic blend of technology advancements, collaborative partnerships, and comprehensive offering of transmission solutions. The companies are providing cutting-edge, single-speed, and multi-speed transmissions, they are also exploring innovative options like continuously variable transmissions (cvts) designed for Electric vehicles.
The major players in the market are adopting various strategies to lead the market. They are using different strategies like comparing the revenue, expenses, resources, product portfolio, region coverage, market share, key initiatives, and product launches. The key market players are also constantly focusing on R&D so that they can provide the most effective and cost-effective solution. They are also strengthening the market through innovation, brand reputation, and leadership.
Top Companies Market Share in Electric Vehicle Transmission Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
Asia-Pacific region dominates the market, the region has the most significant market share in the global electric vehicle transmission industry. China is the dominating country in this region. The adoption of electric vehicles is increasing in developing countries like India, China, and Indonesia due to their mobility services, government regulation, rise in fuel prices, and growing trend towards the use of eco-friendly vehicles
North America is the fastest-growing region in the electric vehicle transmission market. The region consists of countries like the US, Canada, and Mexico. The region is the fastest growing due to growing awareness about environmental sustainability, supportive government policies, and a focus on electric vehicle adoption. The US significantly emphasizes advancing electric mobility solutions and infrastructure.
The current report Scope analyzes Electric Vehicle Transmission Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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According to Cognitive Market Research, the North America Market Electrical Vehicle Transmission Market size was valued at USD xx billion in 2024 and is expected to reach USD xx billion at a CAGR of xx% during the forecast period.
According to Cognitive Market Research, the Europe market Electrical Vehicle Transmission Market size was valued at USD xx billion in 2024 and is expected to reach USD xx billion at a CAGR of xx% during the forecast period.
According to Cognitive Market Research, the Asia-Pacific market Electrical Vehicle Transmission Market size was valued at USD xx billion in 2024 and is expected to reach USD xx billion at a CAGR of xx% during the forecast period.
According to Cognitive Market Research, the South American market Electrical Vehicle Transmission Market size was valued at USD xx billion in 2024 and is expected to reach USD xx billion at a CAGR of xx% during the forecast period.
According to Cognitive Market Research, the Middle East and Africa Market Electrical Vehicle Transmission Market size was valued at USD xx billion in 2024 and is expected to reach USD xx billion at a CAGR of xx% during the forecast period.
Global Electric Vehicle Transmission Market Report 2025 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Electric Vehicle Transmission Industry growth. Electric Vehicle Transmission market has been segmented with the help of its Transmission system type, Vehicle Type Sales channel, and others. Electric Vehicle Transmission market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
In order to shape the structure and growth potential of the business, the Electric Vehicle Transmission market is usually categorized by Transmission system type. Businesses can prioritize expenditures, spur innovation, and modify products to satisfy changing customer needs by identifying high-performing product categories through market analysis by Transmission system type. Businesses can remain ahead of market changes by strategically concentrating on the most profitable prospects by analyzing the demand trends and performance indicators of each segment. Businesses can use this knowledge to guide long-term strategy planning and resource allocation by identifying which market segments are likely to see slower or stagnant growth and which are positioned for rapid increase.
Transmission system type of Electric Vehicle Transmission analyzed in this report are as follows:
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Electric Vehicle Transmission Industry. Request a Free Sample PDF!
Segmenting the Electric Vehicle Transmission market by Vehicle Type is essential for understanding industry dynamics and identifying key demand drivers. Vehicle Type refer to the specific use cases or end-user industries that rely on Electric Vehicle Transmission products and services. These applications span a wide range of sectors, including healthcare, manufacturing, retail, aerospace, automotive, and telecommunications, among others. By analyzing the market based on its applications, businesses can gain valuable insights into which industries are adopting Electric Vehicle Transmission solutions most effectively and where new opportunities are emerging. Additionally, tracking application trends helps identify high-growth industries, areas of innovation, and market saturation levels, allowing companies to strategically position themselves in the most promising and profitable segments.
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Some of the key Vehicle Type of Electric Vehicle Transmission are:
The above Graph is for representation purposes only. This chart does not depict actual Market share.
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Research Associate at Cognitive Market Research
Sumedha Gosavi is a Research Analyst with a specialized focus on the automobile and transportation sectors. With over two years of experience, she excels in conducting in-depth secondary research, competitive analysis, and market forecasting to deliver actionable insights that drive strategic decision-making.
In her current role, Sumedha leads research initiatives in the dynamic fields of automotive and transportation, identifying key trends, technological advancements, and market opportunities. Her ability to craft tailored research methodologies and distill complex data into clear, impactful strategies has been instrumental in enhancing her organization’s competitive edge.
With a deep passion for innovation in mobility and a commitment to continuous learning, Sumedha remains at the forefront of industry developments. Her expertise and analytical acumen make her an invaluable asset in navigating the ever evolving landscape of automobile and transportation research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Electric Vehicle Transmission Market is witnessing significant growth in the near future.
In 2023, the Automatic transmission segment accounted for noticeable share of global Electric Vehicle Transmission Market and is projected to experience significant growth in the near future.
The Plug-in Hybrid Electric Vehicle segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Borgwarner Inc. (USA) , Dana Incorporated (USA) and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
(Source: Https://www.motor1.com/news/699634/toyota-14-speed-ev-manual/).
Disclaimer:
Transmission system type | Automatic transmission, Manual Transmission, Continuously Variable Transmissions (CVTs), Other |
Vehicle Type | Plug-in Hybrid Electric Vehicle, Hybrid Electric Vehicle, Battery Electric Vehicle, Others |
Sales channel | OEM, Aftermarket |
Conclusion | |
List of Competitors | Borgwarner Inc. (USA), TREMEC Holding Corporation (USA), Dana Incorporated (USA), Magna International Inc. (Canada), Marposs S.p.A., Eaton, Divgi TorqTransfer Systems Limited. |
This chapter will help you gain GLOBAL Market Analysis of Electric Vehicle Transmission. Further deep in this chapter, you will be able to review Global Electric Vehicle Transmission Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Electric Vehicle Transmission. Further deep in this chapter, you will be able to review North America Electric Vehicle Transmission Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Electric Vehicle Transmission. Further deep in this chapter, you will be able to review Europe Electric Vehicle Transmission Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Electric Vehicle Transmission. Further deep in this chapter, you will be able to review Asia Pacific Electric Vehicle Transmission Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Electric Vehicle Transmission. Further deep in this chapter, you will be able to review South America Electric Vehicle Transmission Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East Market Analysis of Electric Vehicle Transmission. Further deep in this chapter, you will be able to review Middle East Electric Vehicle Transmission Market Split by various segments and Country Split.
Chapter 6 Middle East Market Analysis
This chapter will help you gain Middle East Market Analysis of Electric Vehicle Transmission. Further deep in this chapter, you will be able to review Middle East Electric Vehicle Transmission Market Split by various segments and Country Split.
Chapter 7 Africa Market Analysis
This chapter provides an in-depth analysis of the market share among key competitors of Electric Vehicle Transmission. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Transmission system type Analysis 2019 -2031, will provide market size split by Transmission system type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Transmission system type Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Vehicle Type Analysis 2021 - 2033
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Chapter 12 Market Split by Sales channel Analysis 2021 - 2033
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Chapter 13 Market Split by Conclusion Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Electric Vehicle Transmission market
Chapter 14 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Chapter 15 Research Methodology and Sources
Why Automatic transmission have a significant impact on Electric Vehicle Transmission market? |
What are the key factors affecting the Automatic transmission and Manual Transmission of Electric Vehicle Transmission Market? |
What is the CAGR/Growth Rate of Plug-in Hybrid Electric Vehicle during the forecast period? |
By type, which segment accounted for largest share of the global Electric Vehicle Transmission Market? |
Which region is expected to dominate the global Electric Vehicle Transmission Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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