North America Electric Vehicle Transmission Market Report 2024

North America Electric Vehicle Transmission Market Report 2023 Market Size Split by Transmission system (Automated Manual Transmissions, Continuously Variable Transmissions, Dedicated Hybrid Transmission/Dual Clutch Transmission, Automatic Transmission), Vehicle Type (Passenger, Commercial, Off-highway), Transmission Type (Single Speed, Multi-Speed)

North America Electric Vehicle Transmission Market Report Description

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Competitive Landscape of the Electrical Vehicle Transmission Market

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 North America Electric Vehicle Transmission Industry: (In no particular order of Rank)

• Borgwarner Inc. (USA)
• TREMEC Holding Corporation (USA)
• Dana Incorporated (USA)
• Magna International Inc. (Canada)
• Valeo S.A. (France)
• ZF Friedrichshafen AG (Germany)
• Aisin Seiki Co.
• Ltd. (Japan)
• AVL Speed gmbh (Germany)
• Eaton Corporation plc (Ireland)
• Marelli S.p.A. (Italy)
• GKN Automotive (UK)
• TE Connectivity Ltd. (Switzerland)
• AVL List gmbh (Austria)
• AVL India Pvt Ltd (India)
• JATCO Ltd. (Japan)
• Mitsubishi Electric Corporation (Japan)
• HYUNDAI WIA Corporation (South Korea)
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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.

North America Electric Vehicle Transmission Market Analysis

The automated Manual Transmissions segment dominates the market, this is the gearbox that automatically alters the gear ratio. The AT transmission does not depend on the clutch to change the ratio in the car instead, it swaps gears using hydraulic locking and unlocking. In this type of transmission, the motor vehicle runs without a clutch pedal and can change gear ratios automatically as the vehicle gains speed instead of manual gear shifting. It requires less human effort and the automatic transmission system improves a vehicle’s efficiency and is mostly used in crowded areas. So automated manual transmissions are used mostly in EVs.

Note: The above Chart is for representative purposes and does not depict actual sales & statistics. You can request a free sample or purchase the full report access today!

In this segment, passenger vehicles dominate the market. As an electric vehicle passenger vehicle is used to transport people from one place to another. Due to rising customer interest in buying green fuel vehicles, their demand has expanded. The introduction of new and innovative passenger EVs has become a game-changer. According to the report of Green Match, 25% of new passenger car registrations will be electric, exceeding 17 million units in global sales.

(Source:https://www.greenmatch.co.uk/electric-vehicles#:~:text=EVs%20have%20become%20a%20game,million%20units%20in%20sales%20globally).

The conference at the 11th EV Japan Expo 2020, showed cutting-edge technology for high and effective electrified vehicles. This advancement in vehicles helps the segment expand in the market. So passenger vehicles are mostly preferred.

Note: The above Chart is for representative purposes and does not depict actual sales & statistics. You can request a free sample or purchase the full report access today!

North America Electric Vehicle Transmission Transmission Type Segment Analysis

Single-speed transmission dominates the market, according to the report of Market Watch single-speed transmission accounts for 67.4%.

(Source- https://www.marketwatch.com/press-release/ev-transmission-system-market-set-to-total-usd-53342-8-million-by-2034-amid-rising-requirement-for-lightweight-and-efficient-battery-solutions-74906ddd#:~:text=%2D%2D%20Based%20on%20transmission%20type,CAGR%20of%2019.9%25%20by%202034.rce-).

The single-speed transmission has a wide power band, which results in strong acceleration. They also help in getting maximum torque by eliminating the requirements of multi-power gears. Various companies also favor this as they are simple to manufacture and install. It also provides a smooth driving experience and does not require continuous gear change. So Single-speed transmissions are used mostly in EVs.

• Single Speed
• Multi-Speed

North America Electric Vehicle Transmission Country Analysis

In this section we have included market revenue, share, type, application and other segment analysis for each country level. Our team identifies and analyses potential risks associated with operating in each country, including rules and regulations, geopolitical risks, and other market-specific challenges. We estimate historical data and forecast future trends to understand the market's current situation in each country. This analysis helps key players to build strategies to strengthen their foothold in North America Electric Vehicle Transmission market.

• United States
• Canada
• Mexico

The Current Published report Editon on the website includes the following list of countries analysis whereas in case you looking to access any other country or states level data under North America then please revert us to access the exclusive North America Electric Vehicle Transmission industry report Edition.

The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!

The base years considered for all the estimations by analyzing trends and growth rate will help you gain an in-depth understanding of the conclusions provided in this report. This report also includes figures, graphs, pie charts, tables and bar graphs that explain the data analysis based on current trends at the country level as well as key regions. This research report also focuses on assessing factors such as profit, product price, capacity, production, supply demand market growth rate along with others to create a clear picture on the future prospects of this market.

Author's Detail

Kalyani Raje

Senior Research Analyst at Cognitive Market Research

LinkedIn

Profile

An optimistic Senior Research Analyst with years of experience in competitive assessment and business consulting. A seasoned professional and subject-matter expert (SME) in the Automobile & Transportation vertical.

Bio :

With a work experience of over 10+ years in the market research and strategy development. I have ...Read More

Author's Conclusion

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 North America Electric Vehicle Transmission Market is witnessing significant growth in the near future.

In 2023, the Automated Manual Transmissions segment accounted for noticeable share of North America Electric Vehicle Transmission Market and is projected to experience significant growth in the near future.

The Passenger 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 market.

Frequently Asked Questions

What is North America Electric Vehicle Transmission market size/share and growth rate?

North America Electric Vehicle Transmissionmarket size and its growth rate has been provided in the report. The historical period included in the report is from 2019 to 2023, whereas, the report provides forecast data for the years 2023 to 2030. This will help you to in terms of market share, regional market share, country level market share to understand how the market has been performing in the past and how it is going to perform in the following years. Correspondingly, historical and forecast analysis comprises sales and revenue data of the North America Electric Vehicle Transmissionmarket. Market size for UK, Europe, North America, Asia Pacific, Middle East & Africa is also included in the report.

What are the major factors affecting the North America Electric Vehicle Transmission market?

The major factors affecting the North America Electric Vehicle Transmission market in a positive, as well as negative perspective, have been provided with detailed analysis in the report. This segment has encompassed drivers, opportunities, and challenges faced by the industry. This will help you to understand the major factors impacting North America Electric Vehicle Transmission market trends and develop your business strategy accordingly.

Who are the top manufacturers of North America Electric Vehicle Transmission? List of North America Electric Vehicle Transmission Companies and there market trend or market share?

Major manufacturers or list of North America Electric Vehicle Transmission manufacturers 2023 involved in the market have been profiled in the report along with their business strategies, recent developments, SWOT analysis, business overview, and market Trend from the year 2018-2022. North America Electric Vehicle Transmission Companies such as Borgwarner Inc. (USA), TREMEC Holding Corporation (USA), Dana Incorporated (USA), Magna International Inc. (Canada), Valeo S.A. (France), ZF Friedrichshafen AG (Germany), Aisin Seiki Co., Ltd. (Japan), AVL Speed gmbh (Germany), Eaton Corporation plc (Ireland), Marelli S.p.A. (Italy), GKN Automotive (UK), TE Connectivity Ltd. (Switzerland), AVL List gmbh (Austria), AVL India Pvt Ltd (India), JATCO Ltd. (Japan), Mitsubishi Electric Corporation (Japan), HYUNDAI WIA Corporation (South Korea) are part of the final deliverable document along with the same we can provide data for 2nd, 3rd, start-up level companies data and strategies as well. This will help you to understand the competitive analysis of the market and how other players are performing in the market. This detailed competitive analysis will help you to strategize your business accordingly and will keep you one step ahead. A quantitative and qualitative analysis of the main players in the North America Electric Vehicle Transmission market is introduced, from the perspective of sales, revenue and price.

Which segments are covered under North America Electric Vehicle Transmission market segments analysis?

Under North America Electric Vehicle Transmission market segments analysis Transmission system , Vehicle Type, Transmission Type . It provides detailed insights on each type and application. Further, it provides which sub-segment is dominating the North America Electric Vehicle Transmission market along with its reason. Additionally, the North America Electric Vehicle Transmission market report will help you to analyze which sub-segment is fastest-growing during the forecast period.

What has been the impact of COVID-19 on the North America Electric Vehicle Transmission market?

After the analysis of the complete market, the report has provided how the COVID-19 pandemic has affected the market. All the parameters have covered the overall impact of COVID -19 on the market value, market trend & growth of the market, and how the major players in the particular market are adopting these changes. This will help you to understand the overall optimistic, pessimistic, and neutral effects of the coronavirus pandemic on the North America Electric Vehicle Transmission market.

How the North America Electric Vehicle Transmission market performed till 2023 and how will it perform in the following years?

The North America Electric Vehicle Transmission market has been analyzed thoroughly and has estimated the parameters which have affected the market in the historical period as well as how the market is going to perform in the following years. This will provide a complete market scenario and help you to strategize your next move accordingly to the North America Electric Vehicle Transmission market Share.

Which region is expected to hold the highest market share in the North America Electric Vehicle Transmission market?

The report gives an exhaustive investigation of the North America Electric Vehicle Transmission market at country & regional levels, and provides an analysis of the industry trends in each of the regions, from sales, revenue, and consumption. It will help you to understand which region is dominating the market and is expected to grow significantly in the following years. The regional analysis will help you in strategizing the expansion of business.

What are the parameters used to analyze market position?

North America Electric Vehicle Transmissionmarket report has provided PESTEL and Porter analysis to provide insightful information regarding the market scenario. It also provides market attractiveness analysis with an acknowledgment of various factors within the market, including growth rate and market size, as well as outside factors such as access to raw materials, competition, and industry capacity.

How to order Full Report or Sample pages of the North America Electric Vehicle Transmission market?

The sample report for the North America Electric Vehicle Transmission Market can be obtained on demand from the website. Also, the 24*7 chat support & direct call services are provided to procure the sample report.