Asia Pacific EV Transmission Market Growth, Revenue, Share, Challenges and Future Trends 2032
Asia Pacific Electric Vehicle (EV) Transmission Market Growth, Trends, Analysis, Size- By Transmission Type, By Gear Type, By Transmission System, By EV Type, By Vehicle Type- Regional Outlook, Competitive Strategies and Segment Forecast to 2032
| Published: Feb-2023 | Report ID: AMIN2326 | Pages: 1 - 156 | Formats*: |
| Category : Automotive & Transportation | |||
Asia Pacific Electric Vehicle (EV) Transmission Market Overview
According to SPER Market Research, the Asia Pacific Electric Vehicle (EV) Transmission Market is estimated to reach USD 46.40 billion by 2032 with a CAGR of 30.46%.
Due to the rising demand for electric vehicles, encouraging government initiatives, and expanding technological breakthroughs in transmission systems, the Asia Pacific EV transmission market will expand annually over the projected period. Components that aid in vehicle propulsion make up an electric vehicle transmission system. It is made up of three systems: a battery system, a control system, and a motor system. New developments in electric car transmission systems, such the 4-speed system, can boost motor performance and increase a vehicle's range. The desire for electric vehicles among many nations has helped to address a number of issues related to the economy, power, the environment, and other issues. Many businesses in the parent industry of the electric vehicle transmission market are concentrating on building vehicles with cutting-edge technology and unique features that will be affordable to all target demographics across numerous economies. Long-standing businesses may retain their market position because they have a firm knowledge of demand. The market for electric vehicle transmissions is developing as concern over carbon emissions increases.
The EV transmission market is growing as a result of factors including rising demand for fuel-efficient and low-emission vehicles and increased production of electric vehicles. Additionally, it is anticipated that government initiatives to promote the use of electric vehicles will fuel the demand for electric vehicle transmissions. Furthermore, prominent companies in the electric vehicle transmission market are projected to see considerable growth opportunities as a result of technological advancements in electric vehicles and the implementation of Vehicle-To-Grid (V2g) electric vehicle charging stations.
Impact of COVID-19 on the Asia Pacific Electric Vehicle (EV) Transmission Market
The effects of COVID 19 have been startling and unprecedented, with market manufacturers experiencing a decline in demand across all geographical areas as a result of the epidemic. According to data, the market showed a significant drop in COVID compared to the typical year-over-year growth prior to the pandemic. When the pandemic is gone, this market's demand and growth will resume to pre-pandemic levels, which explains the abrupt increase in CAGR. The COVID 19pandemic outbreak has alarmed the automotive sector. The possibility that this epidemic could disrupt manufacturing has many automakers concerned. Sales of EVs are also declining.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By Transmission Type, By Gear Type, By Transmission System, By EV Type, By Vehicle Type |
| Regions covered | Australia, China, India, Indonesia, Japan, Malaysia, New Zealand, Philippines, Singapore, South Korea, Taiwan, Thailand, Vietnam, Rest of APAC |
| Companies Covered | Aisin Seiki Co. Ltd., Allison Transmission Inc., AVL List GmbH, BorgWarner Inc, Continental AG, Dana Limited, Eaton Corporation plc, JATCO Ltd., Schaeffler Technologies AG & Co. KG, ZF Friedrichshafen AG |
Asia Pacific Electric Vehicle (EV) Transmission Market Segmentation:
1. By Transmission Type:
- Multi- Speed Transmission
- Single-Speed Transmission
2. By Gear Type:
- Multi-Gear Transmission
- Single-Gear Transmission
3. By Transmission System:
- AT Transmission
- Automatic Manual Transmission
- Constant Variable Transmission
- Other
4. By EV Type:
- Battery Electric Vehicle
- Fuel Cell Electric Vehicle
- Hybrid Electric Vehicle
- Plug-in Hybrid Electric Vehicle
5. By Vehicle Type:
- Commercial Vehicles
- Passenger Cars
6. By Region:
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- New Zealand
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Rest of APAC
Key Topics Covered in the Report:
- Size of Asia Pacific Electric Vehicle (EV) Transmission Market (FY’2019-FY’2032)
- Overview of Asia Pacific Electric Vehicle (EV) Transmission Market
- Segmentation of Asia Pacific Electric Vehicle (EV) Transmission Market By Transmission Type (Multi- Speed Transmission, Single-Speed Transmission)
- Segmentation of Asia Pacific Electric Vehicle (EV) Transmission Market By Gear Type (Multi-Gear Transmission, Single-Gear Transmission)
- Segmentation of Asia Pacific Electric Vehicle (EV) Transmission Market By Transmission System (AT Transmission, Automatic Manual Transmission, Constant Variable Transmission, Other)
- Segmentation of Asia Pacific Electric Vehicle (EV) Transmission Market By EV Type (Battery Electric Vehicle, Fuel Cell Electric Vehicle, Hybrid Electric Vehicle, Plug-in Hybrid Electric Vehicle)
- Segmentation of Asia Pacific Electric Vehicle (EV) Transmission Market By Vehicle Type (Commercial Vehicles, Passenger Cars)
- Statistical Snap of Asia Pacific Electric Vehicle (EV) Transmission Market
- Growth Analysis of Asia Pacific Electric Vehicle (EV) Transmission Market
- Problems and Challenges in Asia Pacific Electric Vehicle (EV) Transmission Market
- Competitive Landscape in the Asia Pacific Electric Vehicle (EV) Transmission Market
- Impact of COVID-19 and Demonetization on Asia Pacific Electric Vehicle (EV) Transmission Market
- Details on Recent Investment in Asia Pacific Electric Vehicle (EV) Transmission Market
- Competitive Analysis of Asia Pacific Electric Vehicle (EV) Transmission Market
- Major Players in the Asia Pacific Electric Vehicle (EV) Transmission Market
- SWOT Analysis of Asia Pacific Electric Vehicle (EV) Transmission Market
- Asia Pacific Electric Vehicle (EV) Transmission Market Future Outlook and Projections (FY’2019-FY’2032)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1 Research data source
2.1.1 Secondary data2.1.2 Primary data2.1.3 SPER’s internal database2.1.4 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1 Drivers4.1.2 Restraints4.1.3 Opportunities4.1.4 Challenges
4.2. COVID-19 Impacts of the Asia Pacific Electric Vehicle (EV) Transmission Market
5. Market variables and outlook
5.1. SWOT analysis
5.1.1 Strengths5.1.2 Weaknesses5.1.3 Opportunities5.1.4 Threats
5.2. PESTEL analysis
5.2.1 Political landscape5.2.2 Economic landscape5.2.3 Social landscape5.2.4 Technological landscape5.2.5 Environmental landscape5.2.6 Legal landscape
5.3. PORTER’S five forces analysis
5.3.1 Bargaining power of suppliers5.3.2 Bargaining power of Buyers5.3.3 Threat of Substitute5.3.4 Threat of new entrant5.3.5 Competitive rivalry
5.4. Heat map analysis
6. Competitive Landscape
6.1 Asia Pacific Electric Vehicle (EV) Transmission Manufacturing Base Distribution, Sales Area, Product Type6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Asia Pacific Electric Vehicle (EV) Transmission Market
7. Asia Pacific Electric Vehicle (EV) Transmission Market, By Transmission Type, 2019-2032 (USD Million)
7.1 Multi- Speed Transmission7.2 Single-Speed Transmission
8. Asia Pacific Electric Vehicle (EV) Transmission Market, By Gear Type, 2019-2032 (USD Million)
8.1 Multi-Gear Transmission8.2 Single-Gear Transmission
9. Asia Pacific Electric Vehicle (EV) Transmission Market, By Transmission System, 2019-2032 (USD Million)
9.1 AT Transmission9.2 Automatic Manual Transmission9.3 Constant Variable Transmission9.4 Other
10. Asia Pacific Electric Vehicle (EV) Transmission Market, By EV Type, 2019-2032 (USD Million)
10.1 Battery Electric Vehicle10.2 Fuel Cell Electric Vehicle10.3 Hybrid Electric Vehicle10.4 Plug-in Hybrid Electric Vehicle
11. Asia Pacific Electric Vehicle (EV) Transmission Market, By Vehicle Type, 2019-2032 (USD Million)
11.1 Commercial Vehicles11.2 Passenger Cars
12. Asia Pacific Electric Vehicle (EV) Transmission Market, By Region, 2019-2032 (USD Million)
12.1 Asia Pacific Electric Vehicle (EV) Transmission Size and Market Share by Region (2019-2025)12.2 Asia Pacific Electric Vehicle (EV) Transmission Size and Market Share by Region (2026-2032)12.3 Australia12.4 China12.5 India12.6 Indonesia12.7 Japan12.8 Malaysia12.9 New Zealand12.10 Philippines12.11 Singapore12.12 South Korea12.13 Taiwan12.14 Thailand12.15 Vietnam12.16 Rest of APAC
13. Company Profiles
13.1 Aisin Seiki Co. Ltd.
13.1.1 Company details13.1.2 Financial outlook13.1.3 Product summary13.1.4 Recent developments
13.2 Allison Transmission Inc.
13.2.1 Company details13.2.2 Financial outlook13.2.3 Product summary13.2.4 Recent developments
13.3 AVL List GmbH
13.3.1 Company details13.3.2 Financial outlook13.3.3 Product summary13.3.4 Recent developments
13.4 BorgWarner Inc
13.4.1 Company details13.4.2 Financial outlook13.4.3 Product summary13.4.4 Recent developments
13.5 Continental AG
13.5.1 Company details13.5.2 Financial outlook13.5.3 Product summary13.5.4 Recent developments
13.6 Dana Limited
13.6.1 Company details13.6.2 Financial outlook13.6.3 Product summary13.6.4 Recent developments
13.7 Eaton Corporation plc
13.7.1 Company details13.7.2 Financial outlook13.7.3 Product summary13.7.4 Recent developments
13.8 JATCO Ltd.
13.8.1 Company details13.8.2 Financial outlook13.8.3 Product summary13.8.4 Recent developments
13.9 Schaeffler Technologies AG & Co. KG
13.9.1 Company details13.9.2 Financial outlook13.9.3 Product summary13.9.4 Recent developments
13.10 ZF Friedrichshafen AG
13.10.1 Company details13.10.2 Financial outlook13.10.3 Product summary13.10.4 Recent developments
14. List of Abbreviations
15. Reference Links
16. Conclusion
17. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Asia Pacific Electric Vehicle (EV) Transmission Market is projected to reach USD 46.40 billion by 2032, growing at a CAGR of 30.46% during the forecast period.
Asia Pacific Electric Vehicle (EV) Transmission Market grew in market size from 2021. The Market is expected to reach USD 46.40 billion by 2032, at a CAGR of 30.46% during the forecast period.
Asia Pacific Electric Vehicle (EV) Transmission Market CAGR of 30.46% during the forecast period.
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Asia Pacific Electric Vehicle (EV) Transmission Market size is USD 46.40 billion from 2022 to 2032.
Asia Pacific Electric Vehicle (EV) Transmission Market Segment is Covered By Transmission Type, By Gear Type, By Transmission System, By EV Type, By Vehicle Type.
The Asia Pacific region is anticipated to have the highest market share in the Asia Pacific Electric Vehicle (EV) Transmission Market.
The key players in the market include Companies Covered Aisin Seiki Co. Ltd., Allison Transmission Inc., AVL List GmbH, BorgWarner Inc, Continental AG, Dana Limited, Eaton Corporation plc, JATCO Ltd., Schaeffler Technologies AG & Co. KG, ZF Friedrichshafen AG.
The EV transmission market is growing as a result of factors including rising demand for fuel-efficient and low-emission vehicles and increased production of electric vehicles.
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