Press release
Electric Vehicle Transmission Market analysis by growing leaders Robert Bosch GmbH, Continental AG, ZF Friedrichshafen AG, Hitachi Automotive Systems Ltd, Magna International
Electric Vehicle Transmission Market
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An electric vehicle transmission system consists of components that help propel the vehicle. It includes a motor system, control system, and battery system. Developments in electric vehicle transmission system including 4-speed transmission system, help boost the performance of the motor and enhances the range of an electric vehicle.
Rise in government investment to boost production of electric vehicles across the globe is likely to fuel the electric vehicle transmission market across the globe. Major vehicle manufacturers are trying to increase their electric vehicle power output and also four-speed transmission system, which is likely to boost the electric vehicle transmission market across the globe.
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Key Players Operating in Electric Vehicle Transmission Market
The electric vehicle transmission market is expanding consistently, as a large number of players operate in the market. A few of the key players operating in the electric vehicle transmission market are:
Robert Bosch GmbH
Continental AG
ZF Friedrichshafen AG
Hitachi Automotive Systems Ltd
Magna International
Denso Corporation
Mando Corporation
GKN Plc
BorgWarner Inc.
Xtrac Ltd
Allison Transmission Inc.
EATON Corporation
Dana Limited
Jatco Limited
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Europe & Asia Pacific to hold significant share of global electric vehicle transmission market
Europe is projected to hold for a major share of the global electric vehicle transmission market due to a rise in the demand for electric vehicle across the region. Rapid expansion of electric vehicle component manufacturers across the region also boosts the electric vehicle transmission market. Europe has presence of major original equipment manufacturers as well as tier-1 suppliers, including Continental AG and Robert Bosch GmbH who have major facilities that undertake research & development on the electric vehicle drivetrain system, is likely to propel the electric vehicle transmission market across the globe.
Followed by Europe, Asia Pacific is projected to hold a significant share of the global electric vehicle transmission market due to an increase in production of electric vehicles across the region. Asia Pacific has major presence of electric vehicle parts manufacturing industries across China, India, and Japan is anticipated to propel the electric vehicle transmission market across Asia Pacific.
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