This report provides exclusive insights into the COVID-19 impact on the Electric Vehicle Transmission System Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Electric Vehicle Transmission System Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Electric Vehicle Transmission System Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.
A recent report published by Infinium
Global Research on the electric vehicle transmission system market provides an
in-depth analysis of segments and sub-segments in the global as well as
regional electric vehicle transmission system market. The study also highlights
the impact of drivers, restraints, and macro indicators on the global and
regional electric vehicle transmission system market over the short term as
well as long term. The report is a comprehensive presentation of trends,
forecast and dollar values of the global electric vehicle transmission system
market. According to the report, the global electric vehicle transmission
system market is projected to grow at a healthy CAGR over the forecast period
The automotive industry has reached a
point of regard to moving forward with electric vehicles or conventional IC
engine vehicles. Nowadays, inventions in the automotive industry are more
focused on electric vehicles than the conventional vehicle and it is indicating
a future where electric vehicles will ultimately phase out the other types.
This aspect bodes well for the development of the electric vehicles ancillaries
market that includes electric vehicle transmissions as well. Early transmission
systems used in electric vehicles were generally equipped with single gears to
cater to the low power output, however, manufacturers are venturing into
developing multi-gear transmissions on account of higher-powered electric
Government regulations concerning the
use of electric vehicles to control environmental pollution are the major
driving factor for the electric vehicle transmission system market.
Furthermore, factors such as increased emission of greenhouse gases, growth in
sales of plug-in hybrid vehicles and electric vehicles, and a rise in sales and
production of electric vehicles are other driving factors for the market
growth. Most countries across the globe are implementing stringent rules to
restrict carbon emission from the automotive industry that helps to fuel the
growth of the electric vehicle transmission system market. However, the high
cost of adoption and frequent maintenance of advanced transmission systems is
restraining market growth. Moreover, increasing demand for hybrid electric
vehicles is anticipated to provide growth opportunities to the market players.
Geographically, Asia-Pacific dominates
the global electric vehicle transmission system market due to the high adoption
of electric vehicles in countries such as China and Japan. The implementation
of stringent government policies that support infrastructural development will
drive market growth in Japan. North America is the second-largest market for
electric vehicle transmissions owing to the aggressive promotion of electric
vehicles by major players in this region.
The report on the global electric
vehicle transmission system market covers segments such as gear type,
transmission type, and vehicle type. On the basis of gear type, the sub-markets
include single gear, and multi gear. On the basis of transmission type, the
sub-markets include multi-speed transmission, and single-speed transmission. On
the basis of vehicle type, the sub-markets include battery electric vehicle,
plug-in hybrid electric vehicle, and hybrid electric vehicle.
The report provides profiles of the
companies in the 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.,
Schaeffler Technologies AG & Co. KG, and other companies.
The report provides deep insights into
the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of electric vehicle transmission system market. Moreover, the study
highlights current market trends and provides forecast from 2019-2025. We also
have highlighted future trends in the market that will affect the demand during
the forecast period. Moreover, the competitive analysis given in each regional
market brings an insight into the market share of the leading players.