According to the recent study the Electric Vehicle Transmission Market is projected to reach an estimated $XX billion by 2028 from $XX billion in 2023, at a CAGR of 16% to 18% from 2023 to 2028. Growth in this market is primarily driven by growing demand for fuel-efficient and low-emission vehicles along with increase in government initiatives to boost production of electric vehicles globally.
Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in electric vehicle transmission market by transmission type (single speed and multi speed), vehicle type (battery electric vehicle, plug-in hybrid electric vehicle, and hybrid electric vehicle), transmission system (automated manual transmissions, continuously variable transmissions, dedicated hybrid transmission/dual clutch transmissions, and automatic transmissions), and region (North America, Europe, Asia Pacific, and the Rest of the World).
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“Single speed is expected to remain the largest segment during the forecast period.”
Based on transmission type, the electric vehicle transmission market is segmented into single speed and multi speed. Lucintel forecasts that the single speed is expected to remain the largest segment due to its lower cost and it ensures better performance along with smooth ride experience.
“Within the electric vehicle transmission market, the battery electric vehicle is expected to remain the largest vehicle type segment during the forecast period”
Based on vehicle type the battery electric vehicle segment is expected to remain the largest segment over the forecast period due to rising demand for zero-emission vehicles and these vehicles require lower maintenance.
“Europe will dominate the electric vehicle transmission market in near future”
Europe will remain the largest region due to rise in demand for electric vehicles along with rapid expansion of electric vehicle component manufacturers across the region.
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Major players of electric vehicle transmission market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Aisin Seiki, Allison Transmission, AVL List, BorgWarner, Continental, Dana Limited, Eaton, JATCO, Schaeffler Technologies, ZF Friedrichshafen are among the major electric vehicle transmission providers.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/electric-vehicle-transmission.aspx or [email protected]