Electric Vehicle Speed Reducer Market Size, Share to Witness Comprehensive Growth At a CAGR of 19.3% by 2031 | ZF, GKN, American Axle

Los Angeles, United States - QY Research has released a new publication titled "Global Electric Vehicle Speed Reducer Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031." This comprehensive study provides an in-depth evaluation of the worldwide Electric Vehicle Speed Reducer industry, uncovering the major forces influencing market growth and delivering high-value insights for investors, industry leaders, and strategic decision-makers. The report examines critical elements such as market dynamics, evolving technologies, segmentation trends, regional developments, and the competitive landscape. With data backed by rigorous research and expert interpretation, it offers an authoritative guide to understanding the macroeconomic and microeconomic factors reshaping the global market.

The global market for Electric Vehicle Speed Reducer was estimated to be worth US$ 2138 million in 2024 and is forecast to a readjusted size of US$ 7555 million by 2031 with a CAGR of 19.3% during the forecast period 2025-2031.

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Market Overview -

The study provides verified historical data and forward-looking projections, offering readers a clear understanding of how the Electric Vehicle Speed Reducer market is expected to expand through 2031. Using accurate and validated data sources, the report answers key questions related to market size, growth patterns, strategic initiatives, and future investment potential.

This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on Electric Vehicle Speed Reducer cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.

In 2024, global Electric Vehicle Speed Reducer production reached approximately 18.26 million units, with an average global market price of around US$117 per unit.

Market Drivers and Technological Advancements -

Electric Vehicle Speed Reducer is a mechanical component used in electric drivetrains to reduce the high-speed output of electric motors to a lower speed that is suitable for driving the vehicle's wheels. Unlike internal combustion engine vehicles that often require multi-speed gearboxes, electric vehicles typically use a single-speed reduction gear due to the broad torque curve of electric motors. The speed reducer improves torque transmission, ensures efficient power delivery, and supports smooth and quiet vehicle operation.

The market for Electric Vehicle Speed Reducers has expanded rapidly with the global rise of electric vehicle adoption. As electric motors operate at much higher rotational speeds than what is ideal for direct wheel drive, speed reducers are indispensable for converting that power into usable torque and speed. This function is particularly important in ensuring driving comfort, energy efficiency, and drivetrain durability. The rise of battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs) has accelerated the need for compact, lightweight, and highly efficient speed reducers.

Technological advancements are pushing the design of integrated electric drive units, where the motor, inverter, and reducer are housed in a single compact assembly. This integration not only saves space and weight but also improves overall efficiency and system reliability. Materials with lower friction and advanced lubrication systems are being applied to further reduce energy loss and thermal buildup. As OEMs strive for higher performance and quieter operation, the precision and quality of reducer gears have become more critical than ever.

In addition to passenger vehicles, electric commercial vehicles such as buses, delivery vans, and heavy-duty trucks are creating demand for high-load, long-life speed reducers. Different vehicle applications require tailored reducer designs to balance torque delivery, efficiency, and durability. With strong policy support and investments in the EV sector, especially in regions like China, Europe, and North America, the Electric Vehicle Speed Reducer market is expected to maintain robust growth in the coming years. The component's importance in achieving vehicle performance, range, and noise control ensures that it remains central to the EV drivetrain architecture.

Major Company Included: -

FinDreams Technology
Borgwarner
Magna International
GKN
Wuling
HOTA Industrial
Bosch
Vitesco
Nidec
ZF
Zhuzhou Gear
American Axle
Schaeffler
Tsingshan Industry
Aichi Machine Industry
Aisin
SAGW
Hyundai Transys Inc

The competitive section of the report provides essential insights needed for companies to strengthen their market positioning. It highlights the strategies adopted by leading players-covering innovation, pricing models, marketing channels, distribution networks, and regional expansion. This evaluation enables market participants to identify competitive advantages and understand challenges that may affect their long-term performance.

Market Segmentation -

The report presents a granular breakdown of the global Electric Vehicle Speed Reducer market, emphasizing CAGR, market share, future potential, and emerging trends across each segment.

By Type

Parallel
Oblique
Orthogonal
Planetary Gears
Other

By Application

PHEV
BEV

This segmentation helps identify high-growth niches and valuable investment opportunities across product types and applications.

Regional Analysis -

The report offers a detailed geographic assessment covering four major regions and key contributing countries. Insights include consumption patterns, production levels, market share distribution, and long-term growth prospects.

North America

United States
Canada
Mexico

Latin America

Brazil
Other key regional markets

Asia-Pacific

China
Japan
India
South Korea
ASEAN Countries

Europe, Middle East & Africa (EMEA)

Germany
France
United Kingdom
GCC Countries
African Nations

The analysis spans from 2024 (base year) to 2031 (forecast period).

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Why This Report Is Essential -

✔ Complete Historical & Forecast Analysis (2020-2031)
✔ Detailed Segmentation by Type, Application & Region
✔ In-Depth Competitive Landscape & Company Profiling
✔ Drivers, Restraints & Market Dynamics Explained
✔ Expert Insights to Support Strategic Planning

Report Objectives -

✔ Measure the global Electric Vehicle Speed Reducer market size (value & volume).
✔ Accurately analyze market shares, consumption trends, and segment performance.
✔ Examine major market dynamics and industry-shaping forces.
✔ Identify and discuss key production, revenue, and sales trends.
✔ Profile top market players and evaluate their competitive strategies.
✔ Review manufacturing practices, pricing structures, and cost trends.
✔ Compare regional and national market performance across key geographies.
✔ Forecast segment-wise and region-wise growth opportunities through 2031.

Key Questions Answered in the Report -

✔ What is the size and estimated growth rate of the global and regional Electric Vehicle Speed Reducer market?
✔ Which countries are expected to display the strongest growth?
✔ Which region will dominate the market throughout the forecast period?
✔ What are the main factors driving or restraining market expansion?
✔ What technological advancements are shaping future demand?
✔ Where are the key opportunities for new entrants and established players?
✔ Which companies currently hold the highest market share?
✔ How will market dynamics evolve from 2025 to 2031?

Table of Contents - Major Key Points:

1 Market Overview
1.1 Electric Vehicle Speed Reducer Product Introduction
1.2 Global Electric Vehicle Speed Reducer Market Size Forecast
1.2.1 Global Electric Vehicle Speed Reducer Sales Value (2020-2031)
1.2.2 Global Electric Vehicle Speed Reducer Sales Volume (2020-2031)
1.2.3 Global Electric Vehicle Speed Reducer Sales Price (2020-2031)
1.3 Electric Vehicle Speed Reducer Market Trends & Drivers
1.3.1 Electric Vehicle Speed Reducer Industry Trends
1.3.2 Electric Vehicle Speed Reducer Market Drivers & Opportunity
1.3.3 Electric Vehicle Speed Reducer Market Challenges
1.3.4 Electric Vehicle Speed Reducer Market Restraints
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Competitive Analysis by Company
2.1 Global Electric Vehicle Speed Reducer Players Revenue Ranking (2024)
2.2 Global Electric Vehicle Speed Reducer Revenue by Company (2020-2025)
2.3 Global Electric Vehicle Speed Reducer Players Sales Volume Ranking (2024)
2.4 Global Electric Vehicle Speed Reducer Sales Volume by Company Players (2020-2025)
2.5 Global Electric Vehicle Speed Reducer Average Price by Company (2020-2025)
2.6 Key Manufacturers Electric Vehicle Speed Reducer Manufacturing Base and Headquarters
2.7 Key Manufacturers Electric Vehicle Speed Reducer Product Offered
2.8 Key Manufacturers Time to Begin Mass Production of Electric Vehicle Speed Reducer
2.9 Electric Vehicle Speed Reducer Market Competitive Analysis
2.9.1 Electric Vehicle Speed Reducer Market Concentration Rate (2020-2025)
2.9.2 Global 5 and 10 Largest Manufacturers by Electric Vehicle Speed Reducer Revenue in 2024
2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Electric Vehicle Speed Reducer as of 2024)
2.10 Mergers & Acquisitions, Expansion
3 Segmentation by Type
3.1 Introduction by Type
3.1.1 Parallel
3.1.2 Oblique
3.1.3 Orthogonal
3.1.4 Planetary Gears
3.1.5 Other
3.2 Global Electric Vehicle Speed Reducer Sales Value by Type
3.2.1 Global Electric Vehicle Speed Reducer Sales Value by Type (2020 VS 2024 VS 2031)
3.2.2 Global Electric Vehicle Speed Reducer Sales Value, by Type (2020-2031)
3.2.3 Global Electric Vehicle Speed Reducer Sales Value, by Type (%) (2020-2031)
3.3 Global Electric Vehicle Speed Reducer Sales Volume by Type
3.3.1 Global Electric Vehicle Speed Reducer Sales Volume by Type (2020 VS 2024 VS 2031)
3.3.2 Global Electric Vehicle Speed Reducer Sales Volume, by Type (2020-2031)
3.3.3 Global Electric Vehicle Speed Reducer Sales Volume, by Type (%) (2020-2031)
3.4 Global Electric Vehicle Speed Reducer Average Price by Type (2020-2031)
4 Segmentation by Application
4.1 Introduction by Application
4.1.1 PHEV
4.1.2 BEV
4.2 Global Electric Vehicle Speed Reducer Sales Value by Application
4.2.1 Global Electric Vehicle Speed Reducer Sales Value by Application (2020 VS 2024 VS 2031)
4.2.2 Global Electric Vehicle Speed Reducer Sales Value, by Application (2020-2031)
4.2.3 Global Electric Vehicle Speed Reducer Sales Value, by Application (%) (2020-2031)
4.3 Global Electric Vehicle Speed Reducer Sales Volume by Application
4.3.1 Global Electric Vehicle Speed Reducer Sales Volume by Application (2020 VS 2024 VS 2031)
4.3.2 Global Electric Vehicle Speed Reducer Sales Volume, by Application (2020-2031)
4.3.3 Global Electric Vehicle Speed Reducer Sales Volume, by Application (%) (2020-2031)
4.4 Global Electric Vehicle Speed Reducer Average Price by Application (2020-2031)
5 Segmentation by Region
5.1 Global Electric Vehicle Speed Reducer Sales Value by Region
5.1.1 Global Electric Vehicle Speed Reducer Sales Value by Region: 2020 VS 2024 VS 2031
5.1.2 Global Electric Vehicle Speed Reducer Sales Value by Region (2020-2025)
5.1.3 Global Electric Vehicle Speed Reducer Sales Value by Region (2026-2031)
5.1.4 Global Electric Vehicle Speed Reducer Sales Value by Region (%), (2020-2031)
5.2 Global Electric Vehicle Speed Reducer Sales Volume by Region
5.2.1 Global Electric Vehicle Speed Reducer Sales Volume by Region: 2020 VS 2024 VS 2031
5.2.2 Global Electric Vehicle Speed Reducer Sales Volume by Region (2020-2025)
5.2.3 Global Electric Vehicle Speed Reducer Sales Volume by Region (2026-2031)
5.2.4 Global Electric Vehicle Speed Reducer Sales Volume by Region (%), (2020-2031)
5.3 Global Electric Vehicle Speed Reducer Average Price by Region (2020-2031)
5.4 North America
5.4.1 North America Electric Vehicle Speed Reducer Sales Value, 2020-2031
5.4.2 North America Electric Vehicle Speed Reducer Sales Value by Country (%), 2024 VS 2031
5.5 Europe
5.5.1 Europe Electric Vehicle Speed Reducer Sales Value, 2020-2031
5.5.2 Europe Electric Vehicle Speed Reducer Sales Value by Country (%), 2024 VS 2031
5.6 Asia Pacific
5.6.1 Asia Pacific Electric Vehicle Speed Reducer Sales Value, 2020-2031
5.6.2 Asia Pacific Electric Vehicle Speed Reducer Sales Value by Region (%), 2024 VS 2031
5.7 South America
5.7.1 South America Electric Vehicle Speed Reducer Sales Value, 2020-2031
5.7.2 South America Electric Vehicle Speed Reducer Sales Value by Country (%), 2024 VS 2031
5.8 Middle East & Africa
5.8.1 Middle East & Africa Electric Vehicle Speed Reducer Sales Value, 2020-2031
5.8.2 Middle East & Africa Electric Vehicle Speed Reducer Sales Value by Country (%), 2024 VS 2031
6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions Electric Vehicle Speed Reducer Sales Value Growth Trends, 2020 VS 2024 VS 2031
6.2 Key Countries/Regions Electric Vehicle Speed Reducer Sales Value and Sales Volume
6.2.1 Key Countries/Regions Electric Vehicle Speed Reducer Sales Value, 2020-2031
6.2.2 Key Countries/Regions Electric Vehicle Speed Reducer Sales Volume, 2020-2031
6.3 United States
6.3.1 United States Electric Vehicle Speed Reducer Sales Value, 2020-2031
6.3.2 United States Electric Vehicle Speed Reducer Sales Value by Type (%), 2024 VS 2031
6.3.3 United States Electric Vehicle Speed Reducer Sales Value by Application, 2024 VS 2031
6.4 Europe
6.4.1 Europe Electric Vehicle Speed Reducer Sales Value, 2020-2031
6.4.2 Europe Electric Vehicle Speed Reducer Sales Value by Type (%), 2024 VS 2031
6.4.3 Europe Electric Vehicle Speed Reducer Sales Value by Application, 2024 VS 2031
6.5 China
6.5.1 China Electric Vehicle Speed Reducer Sales Value, 2020-2031
6.5.2 China Electric Vehicle Speed Reducer Sales Value by Type (%), 2024 VS 2031
6.5.3 China Electric Vehicle Speed Reducer Sales Value by Application, 2024 VS 2031
6.6 Japan
6.6.1 Japan Electric Vehicle Speed Reducer Sales Value, 2020-2031
6.6.2 Japan Electric Vehicle Speed Reducer Sales Value by Type (%), 2024 VS 2031
6.6.3 Japan Electric Vehicle Speed Reducer Sales Value by Application, 2024 VS 2031
6.7 South Korea
6.7.1 South Korea Electric Vehicle Speed Reducer Sales Value, 2020-2031
6.7.2 South Korea Electric Vehicle Speed Reducer Sales Value by Type (%), 2024 VS 2031
6.7.3 South Korea Electric Vehicle Speed Reducer Sales Value by Application, 2024 VS 2031
6.8 Southeast Asia
6.8.1 Southeast Asia Electric Vehicle Speed Reducer Sales Value, 2020-2031
6.8.2 Southeast Asia Electric Vehicle Speed Reducer Sales Value by Type (%), 2024 VS 2031
6.8.3 Southeast Asia Electric Vehicle Speed Reducer Sales Value by Application, 2024 VS 2031
6.9 India
6.9.1 India Electric Vehicle Speed Reducer Sales Value, 2020-2031
6.9.2 India Electric Vehicle Speed Reducer Sales Value by Type (%), 2024 VS 2031
6.9.3 India Electric Vehicle Speed Reducer Sales Value by Application, 2024 VS 2031
7 Company Profiles
7.1 FinDreams Technology
7.1.1 FinDreams Technology Company Information
7.1.2 FinDreams Technology Introduction and Business Overview
7.1.3 FinDreams Technology Electric Vehicle Speed Reducer Sales, Revenue, Price and Gross Margin (2020-2025)
7.1.4 FinDreams Technology Electric Vehicle Speed Reducer Product Offerings
7.1.5 FinDreams Technology Recent Development
7.2 Borgwarner
7.2.1 Borgwarner Company Information
7.2.2 Borgwarner Introduction and Business Overview
7.2.3 Borgwarner Electric Vehicle Speed Reducer Sales, Revenue, Price and Gross Margin (2020-2025)
7.2.4 Borgwarner Electric Vehicle Speed Reducer Product Offerings
7.2.5 Borgwarner Recent Development
7.3 Magna International
7.3.1 Magna International Company Information
7.3.2 Magna International Introduction and Business Overview
7.3.3 Magna International Electric Vehicle Speed Reducer Sales, Revenue, Price and Gross Margin (2020-2025)
7.3.4 Magna International Electric Vehicle Speed Reducer Product Offerings
7.3.5 Magna International Recent Development
7.4 GKN
7.4.1 GKN Company Information
7.4.2 GKN Introduction and Business Overview
7.4.3 GKN Electric Vehicle Speed Reducer Sales, Revenue, Price and Gross Margin (2020-2025)
7.4.4 GKN Electric Vehicle Speed Reducer Product Offerings
7.4.5 GKN Recent Development
7.5 Wuling
7.5.1 Wuling Company Information
7.5.2 Wuling Introduction and Business Overview
7.5.3 Wuling Electric Vehicle Speed Reducer Sales, Revenue, Price and Gross Margin (2020-2025)
7.5.4 Wuling Electric Vehicle Speed Reducer Product Offerings
7.5.5 Wuling Recent Development
7.6 HOTA Industrial
7.6.1 HOTA Industrial Company Information
7.6.2 HOTA Industrial Introduction and Business Overview
7.6.3 HOTA Industrial Electric Vehicle Speed Reducer Sales, Revenue, Price and Gross Margin (2020-2025)
7.6.4 HOTA Industrial Electric Vehicle Speed Reducer Product Offerings
7.6.5 HOTA Industrial Recent Development
7.7 Bosch
7.7.1 Bosch Company Information
7.7.2 Bosch Introduction and Business Overview
7.7.3 Bosch Electric Vehicle Speed Reducer Sales, Revenue, Price and Gross Margin (2020-2025)
7.7.4 Bosch Electric Vehicle Speed Reducer Product Offerings
7.7.5 Bosch Recent Development
7.8 Vitesco
7.8.1 Vitesco Company Information
7.8.2 Vitesco Introduction and Business Overview
7.8.3 Vitesco Electric Vehicle Speed Reducer Sales, Revenue, Price and Gross Margin (2020-2025)
7.8.4 Vitesco Electric Vehicle Speed Reducer Product Offerings
7.8.5 Vitesco Recent Development
7.9 Nidec
7.9.1 Nidec Company Information
7.9.2 Nidec Introduction and Business Overview
7.9.3 Nidec Electric Vehicle Speed Reducer Sales, Revenue, Price and Gross Margin (2020-2025)
7.9.4 Nidec Electric Vehicle Speed Reducer Product Offerings
7.9.5 Nidec Recent Development
7.10 ZF
7.10.1 ZF Company Information
7.10.2 ZF Introduction and Business Overview
7.10.3 ZF Electric Vehicle Speed Reducer Sales, Revenue, Price and Gross Margin (2020-2025)
7.10.4 ZF Electric Vehicle Speed Reducer Product Offerings
7.10.5 ZF Recent Development
7.11 Zhuzhou Gear
7.11.1 Zhuzhou Gear Company Information
7.11.2 Zhuzhou Gear Introduction and Business Overview
7.11.3 Zhuzhou Gear Electric Vehicle Speed Reducer Sales, Revenue, Price and Gross Margin (2020-2025)
7.11.4 Zhuzhou Gear Electric Vehicle Speed Reducer Product Offerings
7.11.5 Zhuzhou Gear Recent Development
7.12 American Axle
7.12.1 American Axle Company Information
7.12.2 American Axle Introduction and Business Overview
7.12.3 American Axle Electric Vehicle Speed Reducer Sales, Revenue, Price and Gross Margin (2020-2025)
7.12.4 American Axle Electric Vehicle Speed Reducer Product Offerings
7.12.5 American Axle Recent Development
7.13 Schaeffler
7.13.1 Schaeffler Company Information
7.13.2 Schaeffler Introduction and Business Overview
7.13.3 Schaeffler Electric Vehicle Speed Reducer Sales, Revenue, Price and Gross Margin (2020-2025)
7.13.4 Schaeffler Electric Vehicle Speed Reducer Product Offerings
7.13.5 Schaeffler Recent Development
7.14 Tsingshan Industry
7.14.1 Tsingshan Industry Company Information
7.14.2 Tsingshan Industry Introduction and Business Overview
7.14.3 Tsingshan Industry Electric Vehicle Speed Reducer Sales, Revenue, Price and Gross Margin (2020-2025)
7.14.4 Tsingshan Industry Electric Vehicle Speed Reducer Product Offerings
7.14.5 Tsingshan Industry Recent Development
7.15 Aichi Machine Industry
7.15.1 Aichi Machine Industry Company Information
7.15.2 Aichi Machine Industry Introduction and Business Overview
7.15.3 Aichi Machine Industry Electric Vehicle Speed Reducer Sales, Revenue, Price and Gross Margin (2020-2025)
7.15.4 Aichi Machine Industry Electric Vehicle Speed Reducer Product Offerings
7.15.5 Aichi Machine Industry Recent Development
7.16 Aisin
7.16.1 Aisin Company Information
7.16.2 Aisin Introduction and Business Overview
7.16.3 Aisin Electric Vehicle Speed Reducer Sales, Revenue, Price and Gross Margin (2020-2025)
7.16.4 Aisin Electric Vehicle Speed Reducer Product Offerings
7.16.5 Aisin Recent Development
7.17 SAGW
7.17.1 SAGW Company Information
7.17.2 SAGW Introduction and Business Overview
7.17.3 SAGW Electric Vehicle Speed Reducer Sales, Revenue, Price and Gross Margin (2020-2025)
7.17.4 SAGW Electric Vehicle Speed Reducer Product Offerings
7.17.5 SAGW Recent Development
7.18 Hyundai Transys Inc
7.18.1 Hyundai Transys Inc Company Information
7.18.2 Hyundai Transys Inc Introduction and Business Overview
7.18.3 Hyundai Transys Inc Electric Vehicle Speed Reducer Sales, Revenue, Price and Gross Margin (2020-2025)
7.18.4 Hyundai Transys Inc Electric Vehicle Speed Reducer Product Offerings
7.18.5 Hyundai Transys Inc Recent Development
8 Industry Chain Analysis
8.1 Electric Vehicle Speed Reducer Industrial Chain
8.2 Electric Vehicle Speed Reducer Upstream Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.2.3 Manufacturing Cost Structure
8.3 Midstream Analysis
8.4 Downstream Analysis (Customers Analysis)
8.5 Sales Model and Sales Channels
8.5.1 Electric Vehicle Speed Reducer Sales Model
8.5.2 Sales Channel
8.5.3 Electric Vehicle Speed Reducer Distributors
9 Research Findings and Conclusion
10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.1.1 Research Programs/Design
10.1.1.2 Market Size Estimation
10.1.1.3 Market Breakdown and Data Triangulation
10.1.2 Data Source
10.1.2.1 Secondary Sources
10.1.2.2 Primary Sources
10.2 Author Details
10.3 Disclaimer

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