Global Electric Vehicle Transmission System Industry 2019 Market Research Report, Popular Trends & Technological Advancements, Forecast & Opportunities

Infinium Global Research has added a new report on Global Electric Vehicle Transmission System Market. The report covers the analysis of global as well as regional markets of electric vehicle transmission system. Moreover, the report gives insights into the factors that affect the global as well as regional performance of the market in the short run and in the long run.

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Electric Vehicle Transmission System Market: Drivers and Restraints

The rise in demand for electric vehicles is one of the major driving factors for the electric vehicle transmission system market. Further, growth in sales of plug-in hybrid vehicles and electric vehicles, and rise in sales and production of electric vehicles are also driving the market growth. Government regulations concerning the use of electric vehicles to control environmental pollution are boosting the growth of the market. On the other side, the high cost of adoption and frequent maintenance of advanced transmission systems is restraining the market growth. Moreover, increasing demand for hybrid electric vehicles is anticipated to provide growth opportunities to the market players.

Electric Vehicle Transmission System Market: Segmentation

The global electric vehicle transmission system market is segmented based on gear type, transmission type, and vehicle type. On the basis of gear type, the market is segmented into single gear and multi-gear. Based on the transmission type, the sub-markets include multi-speed transmission and a single-speed transmission. The multi-speed transmission segment holds a large market share of the global electric vehicle transmission system market. Electric vehicles with multi-speed transmission offer better performances as compared to those with single-speed transmission system in terms of top speed, fast acceleration, or grade ability along with driving range. By vehicle type, the market is categorized into battery electric vehicle, plug-in hybrid electric vehicle, and hybrid electric vehicle.

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Electric Vehicle Transmission System Market: Regional Insight

Among the regions, Asia Pacific holds the largest market share of the global electric vehicle transmission system market followed by North America and Europe. The high adoption of electric vehicles in countries such as China and Japan are driving the growth of the market in the Asia Pacific region. Aggressive promotion of electric vehicles by major players is driving the market growth in the North America region.

Electric Vehicle Transmission System Market: Competitive Analysis

The report provides profiles of the companies in the electric vehicle transmission system market such as ZF Friedrichshafen AG, BorgWarner Inc., GKN plc, OC Oerlikon Management AG, Divgi-TTS, AVTEC Limited, Magnetic Systems Technology, Mitsubishi Electric Corporation, Hitachi Automotive Systems, Ltd., and Schaeffler Technologies AG & Co. KG among the others.


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