AP NEWS
Press release content from Business Wire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from Business Wire
Press release content from Business Wire. The AP news staff was not involved in its creation.

Global Electric Vehicle Transmission System Market (2019-2023) Poised to Expand at a CAGR of Approx 46% - ResearchAndMarkets.com

March 21, 2019

DUBLIN--(BUSINESS WIRE)--Mar 21, 2019--The “Global Electric Vehicle Transmission System Market 2019-2023” report has been added to ResearchAndMarkets.com’s offering.

The aircraft towbars market will register a CAGR of almost 46% by 2023.

The global EV transmission system market is highly dependent on the adoption of EVs. Hence, factors driving EVs adoption are crucial drivers for the global EV transmission system market. As EVs are powered and driven by battery-powered systems, the battery cost is among the most important factors contributing to the upfront cost of EVs. In addition, high-torque motors used in single-speed transmission systems require high-capacity battery packs. Hence, reduction in battery prices will be beneficial for the market in focus.

Several improvements in the technology of battery EVs have rendered them more desirable to consumers. Advancements in Li-ion batteries have made them comparatively lightweight and accorded them longer lifespan than conventional lead-acid and valve-regulated lead-acid batteries. Therefore, the decrease in battery pack cost is expected to increase the demand for EVs exponentially globally during the forecast period.

Favorable global regulatory environment

The stringent regulations about fuel economy is leading automotive OEMs to invest in EVs as the cost associated with developments in conventional vehicles to comply with these standards is high. Therefore, most prominent OEMs are investing significantly in electric vehicle technology. The growing investment and focus of automotive OEMs on EVs is expected to lead to a surge in the adoption of EVs, which would be crucial driver for the growth of the global EV transmission system market during the forecast period.

Mounting cost pressure on transmission system manufacturers from demand side

Currently, EV component manufacturers and suppliers are facing challenges in the form of quality requirements by maintaining cost lower. Hence, EV transmission system manufacturers are in need to carve out growth strategies to earn profit in this difficult yet attractive market. Intense competition among OEMs and surging consumer demand also encourage OEMs to operate within strict cost parameters and remain profitable.

Competitive Landscape

The market appears to be highly concentrated and with the presence of limited vendors. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.

Key Players

  • AISIN SEIKI Co. Ltd.
  • BorgWarner Inc.
  • Eaton
  • GKN (Melrose Industries PLC)
  • OC Oerlikon Management AG
  • ZF Friedrichshafen AG

Topics Covered

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

PART 04: MARKET SIZING

  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023

PART 05: FIVE FORCES ANALYSIS

PART 06: MARKET SEGMENTATION BY TYPE

  • Comparison by type
  • Multi-speed transmission - Market size and forecast 2018-2023
  • Single-speed transmission - Market size and forecast 2018-2023
  • Market opportunity by type

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

  • Geographic comparison
  • APAC - Market size and forecast 2018-2023
  • Europe - Market size and forecast 2018-2023
  • North America - Market size and forecast 2018-2023
  • South America - Market size and forecast 2018-2023
  • Middle East and Africa - Market size and forecast 2018-2023
  • Key leading countries
  • Market opportunity

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

PART 11: MARKET TRENDS

  • Use of light-weight transmission design
  • Integration of transmission system with other electric powertrain
  • components to form electric drive units
  • Growing adoption of power-split CVT systems

PART 12: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption
  • Competitive scenario

PART 13: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • AISIN SEIKI Co. Ltd.
  • BorgWarner Inc.
  • Eaton
  • GKN (Melrose Industries PLC)
  • OC Oerlikon Management AG
  • ZF Friedrichshafen AG

For more information about this report visit https://www.researchandmarkets.com/research/f8lvhk/global_electric?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20190321005606/en/

CONTACT: ResearchAndMarkets.com

Laura Wood, Senior Press Manager

press@researchandmarkets.com

For E.S.T Office Hours Call 1-917-300-0470

For U.S./CAN Toll Free Call 1-800-526-8630

For GMT Office Hours Call +353-1-416-8900

Related Topics:Electric and Hybrid Vehicles,Automotive Drivetrain and Transmission Components

KEYWORD:

INDUSTRY KEYWORD: ALTERNATIVE VEHICLES/FUELS AUTOMOTIVE

SOURCE: Research and Markets

Copyright Business Wire 2019.

PUB: 03/21/2019 01:20 PM/DISC: 03/21/2019 01:20 PM

http://www.businesswire.com/news/home/20190321005606/en