Press release
Electric Vehicle Transmission Market Forecast 2025-2034: Evaluating Growth Factors, Segments, and Emerging Trends
Electric Vehicle Transmission Market Size
The electric vehicle transmission market is anticipated to expand due to the rising demand for electric vehicles. Electric vehicles are cars powered by one or more electric motors that use electrical energy stored in rechargeable batteries or other storage devices. Electric vehicle transmissions, which transfer power from the motor to the wheels efficiently, are specifically designed to meet the specific features of electric propulsion. The International Energy Agency, a France-based intergovernmental organization, reported in April 2023 that global electric car sales surpassed 10 million units in 2022 and predicted a 35% increase to 14 million units in 2023. Consequently, the growing consumer interest in electric vehicles is fuelling the expansion of the electric vehicle transmission market.
Get Your Electric Vehicle Transmission Market Report Here:
https://www.thebusinessresearchcompany.com/report/electric-vehicle-transmission-global-market-report
What is the future CAGR of the electric vehicle transmission market, and how will it impact industry expansion?
In recent times, the electric vehicle transmission market has seen an escalated expansion. The market size is anticipated to increase from a worth of $9.22 billion in 2024 to a value of $11.24 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 21.9%. The remarkable growth observed in the historical timeframe is a result of early pioneering efforts and trials, growing acceptance of EVs, along with environmental apprehensions and changes in climate.
In the coming years, the electric vehicle transmission market is projected to experience considerable growth, reaching a valuation of $22.25 billion by 2029 with a compound annual growth rate (CAGR) of 18.6%. The anticipated growth during the forecast period can be ascribed to factors such as regulatory policies and emission standards, emphasis on environmental consciousness and sustainability, infrastructure investments, and endeavors to reduce costs. Significant trends anticipated during the forecast period comprise efficiency optimization, integration of motor and transmission, development of multi-speed transmission, standardization and modularization, along with the utilization of advanced materials.
Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=14095&type=smp
What trends are poised to drive the future success of the electric vehicle transmission market?
Major firms in the electric vehicle transmission market are focusing on progressive developments such as electrified e-transmissions to cater to the requirements of electric and hybrid commercial vehicles and deliver efficient power. This EV transmission system is engineered for commercial vehicles, aiming to deliver top-tier efficiency and performance along with maximum startability, gradeability, and road speed. For example, in May 2023, a leading automotive industry company from the US, Dana Incorporated, launched spicer electrified e-transmissions, tailored for medium-duty electric vehicle use. Designed to deliver superior efficiency and performance, these e-Transmissions come equipped with a Dana high-efficiency motor, an integrated inverter system, a novel Dana Graziano clutch design actuation system, and a three-speed system with Ravigneaux gears that has been optimized for maximum output. Additionally, they come in two variants, the eS4700t and the eS7900t, providing 4,700 and 7,900 Nm of output torque, respectively.
Which key market segments comprise the electric vehicle transmission market and drive its revenue growth?
The electric vehicle transmission market covered in this report is segmented -
1) By Type: Single Speed, Multi-Speed
2) By Transmission System: Automated Manual Transmissions, Continuously Variable Transmissions, Dual Clutch Transmission Or Dedicated Hybrid Transmission, Automatic Transmission
3) By Vehicle Type: Battery Electric Vehicle, Plug-In Hybrid Electric Vehicle, Hybrid Electric Vehicle
Subsegments:
1) By Single Speed: Direct Drive Transmission, Fixed Gear Transmission
2) By Multi-Speed: Dual-Speed Transmission, Multi-Ratio Transmission, Continuously Variable Transmission (CVT) For Electric Vehicles
Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=14095
What regions are at the forefront of electric vehicle transmission market expansion?
Asia-Pacific was the largest region in the electric vehicle transmission market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the electric vehicle transmission market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the leading players fueling growth in the electric vehicle transmission market?
Major companies operating in the electric vehicle transmission market are Hitachi Automotive Systems Ltd., BYD Company Limited, ZF Friedrichshafen AG, Continental AG, Hyundai Motor Company, Magna International Inc., Aisin Seiki Co. Ltd., Valeo SA, Eaton Corporation plc, Nidec Corporation, Schaeffler AG, Parker Hannifin Corporation, BorgWarner Inc., Dana Incorporated, Vitesco Technologies, NIO Inc., Voith Group, GKN Automotive Limited, Allison Transmission Holdings Inc., AVL Schrick GmbH, Punch Powertrain NV, Ricardo plc, Romax Technology Limited, Torqeedo GmbH
Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/sample.aspx?id=14095&type=smp
What Is Covered In The Electric Vehicle Transmission Global Market Report?
• Market Size Forecast: Examine the electric vehicle transmission market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the electric vehicle transmission market for a structured understanding.
• Key Players Overview: Analyze major players in the electric vehicle transmission market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the electric vehicle transmission market.
• Segment Contributions: Evaluate how different segments drive overall growth in the electric vehicle transmission market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the electric vehicle transmission market.
• Industry Challenges: Identify potential risks and obstacles affecting the electric vehicle transmission market.
• Competitive Landscape: Review strategic developments in the electric vehicle transmission market, including expansions, agreements, and new product launches.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
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 Forecast 2025-2034: Evaluating Growth Factors, Segments, and Emerging Trends here
News-ID: 3908748 • Views: …
More Releases from The Business Research Company
Top Market Shifts Transforming the Rainwater Harvesting Systems Market Landscape …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Rainwater Harvesting Systems Market Through 2025?
Over the past few years, there has been substantial growth in the market size of rainwater harvesting systems. The industry, which was valued at $1.94 billion in 2024, is predicted to rise to $2.07 billion by…
Live Concerts Fueling Surge In Percussion Instruments Market Growth: Transformat …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Will the Percussion Instruments Industry Market Size Be by 2025?
Over the past few years, the market size of percussion instruments has examined a steady rise. With an increase from $1.44 billion in 2024 to $1.47 billion in 2025, it expects a Compound Annual Growth Rate (CAGR) of…
Emerging Trends to Drive Hydraulic Equipment Market Growth at 3.5% CAGR Through …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Hydraulic Equipment Market Size Growth Forecast: What to Expect by 2025?
The size of the hydraulic equipment market has consistently increased in the past few years. Projections show that it will rise from $45.21 billion in 2024 to $46.86 billion in 2025, recording a compound annual growth rate (CAGR)…
Emerging Trends to Reshape the Fishing Drones Market: Innovative Advancement In …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Fishing Drones Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size of fishing drones has seen a swift increase in the past few years. An expansion from $0.89 billion in 2024 to $0.99 billion in 2025, representing a compound annual growth rate (CAGR)…
More Releases for Transmission
Belton Transmission Offers Local Advantage in Remanufactured Transmission Distri …
Image: https://www.globalnewslines.com/uploads/2025/05/1746464524.jpg
From Maintenance to Repairs, We Do It All-Belton Transmission and Complete Auto Repair
Belton, MO - May 6, 2025 - When it comes to transmission services, not all auto shops are created equal. At Belton Transmission and Complete Auto Repair, we're proud to offer local distribution of high-quality remanufactured transmissions - a service that brings unmatched convenience and reliability to our community and industry partners throughout the Kansas City…
Automotive Transmission Engineering Services Outsourcing Market by Transmission …
Automotive Transmission Engineering Services Outsourcing market is expected to reach USD 19.02 billion by 2027 and witnessing market growth at a rate of 6.5% in the forecast period of 2020 to 2027.
The Automotive Transmission Engineering Services Outsourcing report assists to attain an extreme sense of evolving industry movements before the competitors. The report presents the data and information for actionable, most modern and real-time market insights about Automotive Transmission…
Automotive Clutch Market Forecast to 2028 Covid-19 Impact and Global Analysis by …
A clutch is a mechanical device which connects and disconnects the power transmission from one driving shafts to other driven shafts. With rapid automobile sales across the world, consumer demand for effective transmission modes, thereby demands automotive clutch is expected to grow significantly in the near future. Due to the presence of prominent manufactures in developed countries is expected to lead the market in terms of revenue and volume.
Sample PDF…
Transmission Repair Market to 2025 - Leading Players BorgWarner, Continental AG, …
Transmission Repair Market which has been compiled after an in-depth analysis of the market trends prevailing across five geographies (North America, Europe, Asia-Pacific, Middle-East and Africa, and South America). Various segments of the market such as type/components/ application/industry verticals/ end-users are analyzed with robust research methodology which includes three step process starting with extensive secondary research to gather data from company profiles, global/regional associations, trade journals, technical white papers, paid…
Global Transmission Repair Market - Allison Transmission, Schaeffler, Continenta …
A New fresh research report presented by KD Market Insights provides a detailed analysis of “Transmission Repair Market – By Components (Gaskets and Seals, Fluids, Transmission Filters, O-Rings, Axles), By Repair Type (Transmission General Repair, Transmission Overhaul), By Vehicle Type (Passenger Car, Light Commercial Vehicle) & Global Region - Market Size, Share, Trends and Forecast 2018-2023” research report will include all the major trends and technologies that play an important…
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…
