Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Electric Vehicle Transmission Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
What Is the Forecasted Market Size and CAGR for the Electric Vehicle Transmission Market?
The Electric Vehicle Transmission Global Market Report 2025 has been expanding substantially in the past years. The market has increased from a value of $9.22 billion in 2024 and is predicted to reach $11.1 billion in 2025, marking a compound annual growth rate (CAGR) of 20.4%.
What Is the Forecasted CAGR for the Electric Vehicle Transmission Market by 2029?
The Electric Vehicle Transmission Global Market Report 2025 predicts that by 2029, the market size for electric vehicle transmission will reach $21.55 billion, growing at a compound annual growth rate (CAGR) of 18.0%.
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What Are the Market Drivers in the Electric Vehicle Transmission Industry?
The key drivers in the electric vehicle transmission market are:
• Stringent regulatory policies and emission standards
• Growing focus on sustainability and environmental awareness
• Increasing investments in infrastructural development
• Efforts towards cost reduction in production and operation
What Is the Segment-Wise Breakdown of the Electric Vehicle Transmission Market?
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
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Which Emerging Trends Are Driving Growth in the Electric Vehicle Transmission Sector?
The key trends in the electric vehicle transmission market are:
• Optimization for efficiency is emerging as a significant trend in the electric vehicle transmission market.
• Integration of motor and transmission systems is shaping the future of this market.
• There is a trend towards the development of multi-speed transmissions.
• The market is experiencing a shift towards standardization, modularization, and the adoption of advanced materials.
Which Companies Are Dominating the Electric Vehicle Transmission Market in Terms of Revenue?
Major players 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
What Are the Regions Driving Demand in the Electric Vehicle Transmission Market?
Asia-Pacific was the largest region in the electric vehicle transmission market in 2024
