Electric Vehicle Transmission Market - Covid-19 Impact Analysis
Download Sample Report for More Details @ https://www.alliedmarketresearch.com/request-sample/4095
Rise in demand for fuel efficient and low-emission vehicles, growth in production of electric vehicles, and government initiatives to support adoption of electric vehicle drive the global EV transmission market growth. However, high cost of electric vehicles restraint the growth of the market. On the other hand, technological advancements in electric vehicles and incorporation of Vehicle-To-Grid (V2g) EV charging stations are expected to provide opportunities for the market.
Single speed segment dominated in terms of revenue
Based on transmission type, the single speed segment accounted for the major share in the global electric vehicle transmission market in 2018, contributing around 98% of the total share. This is due to the advantages such as requirement of less space, cheap, economical & easy construction, and instant torque provided when coupled with motor. Contrarily, the multi-speed transmission segment is expected to register the highest CAGR of 45.3% from 2019 to 2026. This is attributed to the factors such as higher efficiency range, lower noise, and better launch acceleration.
Speak with Our Analysts/Industry Experts To Find Solution For Your Business: https://www.alliedmarketresearch.com/connect-to-analyst/4095
Hybrid electric vehicle segment to continue its dominant share by 2026
Based on vehicle type, the hybrid electric vehicle segment held the highest market share in the EV transmission market in terms of revenue in 2018, contributing more than two-fifths of the total share. This segment is expected to continue its dominant share during the forecast period. This is due to factors such as remarkable efficiency, availability of gasoline-powered ICE for long range, and others. On the other hand, the plug-in hybrid electric vehicle segment would register the fastest growth rate, with a CAGR of 30.9% from 2019 to 2026. This is due to lower purchasing and running cost as compared to other electric vehicles (EVs) and increased distance range than other EVs owing to range-extending gasoline engine.
AT transmission segment to contribute highest share during the forecast period
On the basis of transmission system, the AT transmission segment held the highest market share in the electric vehicle transmission market in 2018, contributing more than half of the total share. This is because AT transmissions are powerful than manual transmission and these gears shifts faster than majority of the manual transmission. On the other hand, the AMT transmissions segment would register the fastest growth rate, with a CAGR of 29.7% from 2019 to 2026, owing to efficient fuel consumption and driving comfort provided by AMT transmission.
Request for Customization: https://www.alliedmarketresearch.com/request-for-customization/4095
Asia Pacific to contribute the highest share, North America to follow
Asia-Pacific contributed nearly two-fifths of the total share of the global EV transmission market in 2018, due to remarkable growth of electric vehicle production and government initiatives for adoption of electric vehicle. On the other hand, North American region contributed nearly one-fourth of the total revenue in 2018. LAMEA is estimated to grow at the highest CAGR of 30.7% from 2019 to 2026, due to rise in demand for fuel efficient and low-emission vehicles.
Leading players of the electric vehicle (EV) transmission market
Schaeffler Technologies AG & Co. KG
Aisin Seiki Co. Ltd
Allison Transmission Inc.
AVL List GmbH
ZF Friedrichshafen AG
Interested to Procure the Data? Inquire Here: https://www.alliedmarketresearch.com/purchase-enquiry/4095
5933 NE Win Sivers Drive
#205, Portland, OR 97220
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Allied Market Research Blog: https://blog.alliedmarketresearch.com
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Electric Vehicle Transmission Market - Covid-19 Impact Analysis here
News-ID: 2010415 • Views: 289
More Releases from Allied Market Research
North America Geogrid Market 2020 Segmentation, Demand, Growth, Trend, Opportuni …
According to the report published by Allied Market Research, the North America geogrid market generated $282.0 million in 2019, and is estimated to reach $408.25 million by 2027, registering a CAGR of 7.0% from 2020 to 2027. The report offers an extensive analysis of changing market dynamics, key winning strategies, business performance, major segments, and competitive scenarios. Surge in infrastructure development activities across the U.S. and Mexico and superior physical properties
Intravenous Immunoglobulin (IVIG) Market 2020 In-Depth Analysis of Industry Shar …
Global intravenous immunoglobulin market accounted for $8,995 million in 2017, and is projected to reach $15,964 million by 2025, registering a CAGR of 7.5% from 2018 to 2025. Immunoglobulin (Ig) is a plasma-derived product, which is obtained from the serum of healthy donors. The isolated plasma product is clinically treated and purified to Ig, which can be further used in the treatment of patients with antibody deficiency. Intravenous immunoglobulin (IVIG) finds
Asthma and COPD Drugs Market Is Expected to Witness a Steady Growth by 2026
"Asthma and COPD Drugs Market by Disease and Medication Class - Global Opportunity Analysis and Industry Forecasts, 2014-2022", projects that the global market for Asthma and COPD Drugs was valued at $38,960 million in 2015 and would reach $50,359 million by 2022, registering a CAGR of 3.7% from 2016 to 2022. Asthma segment dominated the market in 2015 and expected to continue its dominance throughout the forecast period. North America
Synthetic Biology Market in Global Industry by Top Companies, Type and Applicati …
Global Synthetic biology market is forecast to reach $38.7 billion by 2020, at a CAGR of 44.2% during the forecast period (2014 - 2020). Europe occupies largest share in the global market and would hold-on to its position throughout 2020. However, Asia Pacific is the fastest growing market with a CAGR of 46.4% from 2014 - 2020. Read Full Report @ https://www.alliedmarketresearch.com/synthetic-biology-market Synthetic biology is at a nascent stage and has recently
More Releases for Transmission
HVDC Transmission System Market 2026 |
Research Report Insights offers a 10-year forecast for global HVDC transmission system market between 2016 and 2026. In terms of value, market is expected to register a CAGR of 8.8% during forecast period. This study demonstrates the market dynamics and trends globally across 7 regions that are, North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan, and MEA which influence the current nature and future status of the HVDC
Wireless Power Transmission Market segmentation is based on application, technol …
Wireless power transmission (WPT) or wireless power transfer refers to the transfer of energy or power from one place to another without being connecting through wires. In this, electromagnetic energy is transferred from power sources to electric loads. Wired transmission is the most commonmode of transmitting electrical energy. Its main drawback, the loss of energy during transmission, drives the demand for wireless power transmission. Being fast and consistent, WPT can be
2017-2021 Transmission Towers Market
"Global Transmission Towers Market 2017-2021" The Report covers current Industries Trends, Worldwide Analysis, Global Forecast, Review, Share, Size, Growth, Effect. Description- A transmission tower is the main supporting structure of overhead transmission lines. It is known by diverse names across the world. In Europe, transmission towers are better known as electricity pylon, while they are called hydro towers in Canada. Three disciplines of engineering are majorly involved in the design of a
Wireless Power Transmission Market: Advantages of Wireless Power Transmission ov …
The global wireless power transmission market is witnessing some noteworthy growth trends for market participants to benefit from wireless power transmission technology which is still nascent. Key players in the market are hard focused on research and development to explore the technology better and make it mainstream. These players are also entering into carefully-crafted business alliances with global technology providers so as to expand their outreach and gain competitive advantage.
Global Power Transmission Market By Type : Power Transmission Towers & Power Tra …
Albany, New York, June 20, 2017 : The power transmission towers and cables market report by Transparency Market Research provides in-depth analysis of the power transmission towers and cables market globally. The report segments the market on the basis of type and geography. The report analyzes the global power transmission towers and cables market in terms of both sales volume and revenue (US$ Mn) for the 2015–2023 period. For this
Global Transmission Mount Market Research Report 2017 Engine, Ford, Jeep, Honda, …
This study highlights current dynamics and developments in the Transmission Mount Market. The report incorporates in-depth analysis of the market growth drivers as well as the inhibiting factors in the Transmission Mount market. The scope of the report covers an extensive evaluation pertaining to the winning imperatives and stakeholder strategies through a presentation of the segmentation of Transmission Mount market in the report. Do Inquiry before Purchasing Report Here: http://www.9dresearchgroup.com/report/125363/inquiry-for-buying The numerous