Vehicle Transmission

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The transmission in your vehicle has hundreds of interconnected parts that are always moving, rubbing, heating up and interacting with other internal and external components.

• When accelerating, a malfunctioning automatic transmission can also cause transmission lag. Although most vehicles are vulnerable to automatic transmission problems at some point during their lifetime, especially as they age, an aftermarket replacement from AutoZone, early on, can resolve char or burn fluid leaks, guaranteeing a safer.
• If you've been shopping for a new car recently, you've undoubtedly found that large numbers of late-model vehicles are equipped with a continuously variable automatic transmission (CVT).

Region : Global | Format: PDF | Report ID: FBI102213

The global electric vehicle transmission market size was USD 5.95 billion in 2019 and is projected to reach USD 17.56 billion by 2027, exhibiting a CAGR of 18.8% during the forecast period.

The increasing need to prevent environmental issues and protect natural resources has encouraged the interest of manufacturers in the development of electric vehicles (EVs). EVs have various advantages, as compared to the ICE engines as they provide a superior driving experiencewith simpler and less noisy design and are more efficient. They invoke an electric motor's outstanding performance specifications such as constant power at high speeds range and high torque at low speeds. To drive electric vehicles, high-speed motors are a valuable choice as they are light in weight, cost-effective, as well as provide high efficiency. For instance, electric vehicles with high speed can provide the necessary power supply that can meet the required performances in urban areas.

COVID-19 Pandemic to Decline Demand Backed by Temporary Shutdown of Factories

The outbreak of the COVID-19 pandemic has triggered an alarm for Europe, as well as the global auto industry. The production factories are partially closed and the demand is projected to drop by as much as 20% in 2020 according to the Czech Automotive Industry Association. Many automobile manufacturers are worried about the fact that this pandemic may halt production processes. Also, electric vehicle sales are dipping.

• For instance, the sales of battery electric vehicles (BEV) in China are falling by nearly 75%, whereas those of plug-in hybrid electric vehicles (PHEV) were down by 83% in February 2020, according to (IEA) International Energy Agency.

However, the sale in European countries is surging. In the United Kingdom, for instance, the sale of electric vehicles has tripled, as compared to the year on year sale in March 2020. Also, according to the International Energy Agency (IEA), in the United States, the sales of Tesla have shown a 3% year on year increase. All these factors are likely to augment the sale of EVs, thereby leading to rising electric vehicle transmission market growth amid the COVID-19 pandemic.

LATEST TRENDS

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Downsizing of Transmission System is a Vital Trend

The trend of shifting towards electric vehicles over conventional vehicles is likely to increase over the forecast period owing to their ability to provide zero-emission. It will subsequently lead to a rise in the demand for electric vehicle transmissions. Additionally, manufacturers of EV transmission are continuously looking for materials that can lessen the total weight of the transmission system without negotiating performance. All these factors are likely to surge the demand for EVs.

Apart from that, efficient use of the power stored in battery packs of electric vehicles is also crucial, which, in turn, has prompted manufacturers to develop unique transmission systems to meet the performances and close tolerances of battery. For instance, Volkswagen initiated a project on developing super-light cars by reducing its weight by 85 kg with a multi-material approach.

DRIVING FACTORS

Rising Demand for Fuel-efficient and Low-emission Vehicles to Propel Growth

Gasoline is a fossil fuel. It is not a renewable energy source and is anticipated to be exhausted in the future. Electric vehicles do not use gasoline and provide low emission, as compared to conventional vehicles. Gasoline-powered vehicles convert approximately 16%-20% of the energy stored in gasoline to wheels, while electric vehicles convert more than 50% of electric energy from the power source to the wheels.

Also, the demand for fuel-efficient and low-emission vehicles is growing owing to the rising prices of petrol and diesel, as well as stringent emission regulations. All these factors associated with the adoption of EVs are likely to increase the electric vehicle (EV) transmission system market share. For instance, the scrappage policy introduced in Europe to increase the demand for vehicles would lead to a rise in the adoption of zero CO2 vehicles owing to the implementation of stringent emission regulations in this region.

Increasing Production and Adoption of Electric Vehicles to Drive Growth

Electric vehicles have several advantages over fuel-powered vehicles. Owing to this, the demand and production of EVs have greatly increased in recent years. Also, rising investments of electric vehicle manufacturers in some regions would boost market growth. For instance, according to AVERE (The European Association for Electromobility) and the Electric Vehicle Association of Asia Pacific (EVAAP), the investment made by EV automakers to produce EVs together with private companies in Europe was USD 60 billion and in China, it was USD 17 billion. Additionally, the rising stringent emission regulations around the world to augment the sales and production of electric vehicles would lead to the surging demand for transmission systems.

RESTRAINING FACTORS

High Cost of Electric Vehicles May Restrain Growth

The cost of electric vehicles is higher, as compared to conventional vehicles. The prime reason for this is the usage of expensive raw materials in battery manufacturing and the involvement of costly processes in the production of batteries. There are also many restrictions associated with electric vehicles, such as low range of travel anxiety, moderate performance, and lack of charging terminals, among others, which may lead to the lower demand for these vehicles. It will subsequently hamper the growth of the electric vehicle transmission system market.

SEGMENTATION

By Transmission System Analysis

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AT Transmission Segment is Expected to Dominate the Market

Based on the transmission system, the market is segmented into AMT transmission, CVT transmission, AT transmission, and others. The AT transmission segment holds the major share in the global market. Various advantages of AT include a smooth riding experience with no gear shift hustle and greater performance.

The AMT transmission segment is also likely to show good growth owing to its dual transmission modes, such as automatic and manual transmission. These transmissions provide the required higher power in manual transmission and the ease of long-distance travel in automatic transmission. The CVT transmission segment is expected to show steady growth in the market during the forecast period owing to the declining demand for these transmissions in electric vehicles.

By Transmission Type Analysis

Single Speed Segment to Hold the Largest Share Fueled by Its Ability to Provide Better Performance

Based on the transmission type, the market is segmented into single speed and multi-speed. The transmission type single speed segment accounts for the major share in the global market owing to its better performance with smooth ride experience. It is also used in all battery-powered electric vehicles.

The multi-speed transmissions segment is expected to showcase high growth in the market owing to its increasing penetration in EVs. It is used in electric vehicle racing activities to empower the electric motor. This factor is also projected to increase the share of the segment in this market during the forecast period.

By Vehicle Type Analysis

Battery Electric Vehicle Segment to Grow Rapidly Stoked by Their Higher Adoption

Based on the vehicle type, the market is segmented into battery electric vehicle, plug-in hybrid electric vehicle, and hybrid electric vehicle. The battery-electric vehicle segment holds the largest share in the global market. The rising adoption of battery electric vehicles owing to their various advantages such as zero-emission vehicles and lower maintenance would drive the growth of this segment.

Moreover, the plug-in hybrid electric vehicle segment is anticipated to establish high growth in the market during the forecast period owing to the rising adoption of PHEV in several developed countries. The hybrid electric vehicle segment is also anticipated to show exponential growth in the market due to their rising adoption in Asia.

REGIONAL INSIGHTS

Asia Pacific Electric Vehicle Transmission Market Size, 2019 (USD Billion)

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The market size in Asia Pacific stood at USD 2.98 billion in 2019. This region holds dominance in the global market and is also expected to show exponential growth in the coming years. The rising production and sales of electric vehicles is a major factor responsible for the growth of this region. China is considered to be the major contributor in this market owing to the rising adoption of mini EVs in this country.

Furthermore, key players such as Tesla are investing in research and development of transmission systems in North America, thereby consequently boosting the market growth in this region. For instance, Tesla introduced an electric truck named SEMI with notable performance in transmission, such as 0-60 mph in five seconds, as compared to regular diesel trucks. It takes almost 20 seconds to reach 0-60 mph.

Europe is likely to show an exponential growth owing to the emergence of stringent emission regulations in this region. For instance, the European Union has set a target of 95g CO2 per Km for 2020/2021. Such regulations are set to result in the rising demand for electric vehicle transmission in this region. The rest of the world would showcase slow growth in the market owing to the partial developments of the automotive industry in Latin America and Africa.

KEY INDUSTRY PLAYERS

Continental AG, ZF Friedrichshafen AG, and AISIN SEIKI CO., LTD. are Top Players

High Cost of Electric Vehicles May Restrain Growth

The cost of electric vehicles is higher, as compared to conventional vehicles. The prime reason for this is the usage of expensive raw materials in battery manufacturing and the involvement of costly processes in the production of batteries. There are also many restrictions associated with electric vehicles, such as low range of travel anxiety, moderate performance, and lack of charging terminals, among others, which may lead to the lower demand for these vehicles. It will subsequently hamper the growth of the electric vehicle transmission system market.

SEGMENTATION

By Transmission System Analysis

To know how our report can help streamline your business, Speak to Analyst

AT Transmission Segment is Expected to Dominate the Market

Based on the transmission system, the market is segmented into AMT transmission, CVT transmission, AT transmission, and others. The AT transmission segment holds the major share in the global market. Various advantages of AT include a smooth riding experience with no gear shift hustle and greater performance.

The AMT transmission segment is also likely to show good growth owing to its dual transmission modes, such as automatic and manual transmission. These transmissions provide the required higher power in manual transmission and the ease of long-distance travel in automatic transmission. The CVT transmission segment is expected to show steady growth in the market during the forecast period owing to the declining demand for these transmissions in electric vehicles.

By Transmission Type Analysis

Single Speed Segment to Hold the Largest Share Fueled by Its Ability to Provide Better Performance

Based on the transmission type, the market is segmented into single speed and multi-speed. The transmission type single speed segment accounts for the major share in the global market owing to its better performance with smooth ride experience. It is also used in all battery-powered electric vehicles.

The multi-speed transmissions segment is expected to showcase high growth in the market owing to its increasing penetration in EVs. It is used in electric vehicle racing activities to empower the electric motor. This factor is also projected to increase the share of the segment in this market during the forecast period.

By Vehicle Type Analysis

Battery Electric Vehicle Segment to Grow Rapidly Stoked by Their Higher Adoption

Based on the vehicle type, the market is segmented into battery electric vehicle, plug-in hybrid electric vehicle, and hybrid electric vehicle. The battery-electric vehicle segment holds the largest share in the global market. The rising adoption of battery electric vehicles owing to their various advantages such as zero-emission vehicles and lower maintenance would drive the growth of this segment.

Moreover, the plug-in hybrid electric vehicle segment is anticipated to establish high growth in the market during the forecast period owing to the rising adoption of PHEV in several developed countries. The hybrid electric vehicle segment is also anticipated to show exponential growth in the market due to their rising adoption in Asia.

REGIONAL INSIGHTS

Asia Pacific Electric Vehicle Transmission Market Size, 2019 (USD Billion)

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The market size in Asia Pacific stood at USD 2.98 billion in 2019. This region holds dominance in the global market and is also expected to show exponential growth in the coming years. The rising production and sales of electric vehicles is a major factor responsible for the growth of this region. China is considered to be the major contributor in this market owing to the rising adoption of mini EVs in this country.

Furthermore, key players such as Tesla are investing in research and development of transmission systems in North America, thereby consequently boosting the market growth in this region. For instance, Tesla introduced an electric truck named SEMI with notable performance in transmission, such as 0-60 mph in five seconds, as compared to regular diesel trucks. It takes almost 20 seconds to reach 0-60 mph.

Europe is likely to show an exponential growth owing to the emergence of stringent emission regulations in this region. For instance, the European Union has set a target of 95g CO2 per Km for 2020/2021. Such regulations are set to result in the rising demand for electric vehicle transmission in this region. The rest of the world would showcase slow growth in the market owing to the partial developments of the automotive industry in Latin America and Africa.

KEY INDUSTRY PLAYERS

Continental AG, ZF Friedrichshafen AG, and AISIN SEIKI CO., LTD. are Top Players

Key players in the electric vehicle transmission market include Dana Limited, ZF Friedrichshafen AG, AVL List GmbH, Continental AG, and Eaton. The majority of them are focusing on expanding their production capabilities to reduce vehicular emissions and lower the carbon footprint of the automotive industry.

For instance, Continental AG has started the mass production of electric powertrains in China, which will be used in electric vehicles from both European and Chinese OEMs. Furthermore, owing to the increasing stringency of emission norms, the company has announced a cease in further investments for parts used in internal combustion (IC) engines signaling the rapid shift in focus towards electrification. Hence, a greater focus on R&D activities to develop novel electric vehicle technology by major players is set to positively influence the growth of the market.

LIST OF KEY COMPANIES PROFILED:

• Continental AG (Hanover, Germany)


• AISIN SEIKI CO., LTD. (Aichi, Japan)


• ZF Friedrichshafen AG (Friedrichshafen, Germany)


• AVL List GmbH (Graz, Austria)


• BorgWarner Inc. (Michigan, United States)


• Allison Transmission Inc. (Indiana, United States)


• Dana Limited. (Ohio, United States)


• JATCO Ltd (Shizuoka, Japan)


• Schaeffler Technologies AG & Co. KG (Herzogenaurach, Germany)


• Eaton (Dublin, Ireland)

KEY INDUSTRY DEVELOPMENTS:

• April 2019 – Allison Transmission acquires AxleTech and Vantage Power's Electric Vehicle Systems Division Allison Transmission acquired AxleTech and Vantage Power's electric vehicle systems division. The former is the global manufacturer of medium and heavy-duty, fully automatic transmission. This acquisition will help the company to expand its capabilities in the electrification of commercial vehicles.


• October 2019 – Valeo Entered into a Partnership with Dana for Hybrid and Electric Vehicles Valeo entered into a partnership with Dana to introduce hybrid and electric vehicle systems. Both companies will provide various components to electrify light turban vehicles. This collaboration will also help Dana to deliver a full 48V electric vehicle e-propulsion system to meet the consumer needs.


• February 2019 – Dana Introduced New e-Gearbox and e-Clutch for Off-Highway Vehicles Dana introduced its new e-gearbox and e-clutch for off-highway vehicles. These technologies are equipped with the company's industry-leading portfolio of motors, control products, and inverters to achieve electric propulsion within the established vehicle architecture. These electrodynamic solutions will support the customer's needs for efficiency, overall performance, safety, and maneuverability.


• May 2019 – Shell Introduced New E-Fluid for Better Performance of Electric Vehicles Shell introduced its new e-fluids for battery electric vehicles. These e-fluids and e-grease will improve the performance of the EVs battery. They will also support electric mobility and will offer customers cleaner energy solutions.

REPORT COVERAGE

An Infographic Representation of Electric Vehicle Transmission Market

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The electric vehicle transmission market research report provides a detailed analysis of the market and focuses on key aspects such as leading companies, product types, and leading applications of the product. Besides this, it offers insights into the key market trends and highlights key industry developments. In addition to the factors above, the report encompasses several factors that have contributed to the growth of the market over recent years.

Report Scope & Segmentation

Frequently Asked Questions

Fortune Business Insights says that the global market size for electric vehicle transmission was USD 5.95 billion in 2019 and is projected to reach USD 17.56 billion by 2027.

In 2019, the Asia Pacific market value stood at USD 2.98 billion.

The market is projected to grow at a CAGR of 18.8% in the forecast period (2020-2027).

The AT transmission system segment is expected to lead the market during the forecast period.

The increasing sales and production of EVs is the key factor driving the global market.

Continental AG and ZF Friedrichshafen AG are the major players in the global market.

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Asia Pacific dominated the market in terms of share in 2019.

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Infectious diseases and even certain contagious diseases spread through the following agencies. Their ways of spreading is also given along with these agencies.

Sophos intercept x ransomware. 1. Air-borne transmission

2. Contact transmission-direct and indirect

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3. Vehicle transmission (Water, milk, food etc.)

4. Vector-transmission

5. Tran placental transmission

1. Air-borne Transmission:

Air is very important carrier of in­fectious disease. While a person breathes, coughs or sneezes, he sprays out certain infected droplets. The air carries these infected droplets away where they enter into the body of a healthy person.

Sometimes while breathing we inhale certain dust particles that are infected. These infected particles also cause certain diseases. Given below is a list of certain diseases that are spread by air:

(a) Cold and cough,

(b) Influenza,

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(c) Measles, Small-pox, Chicken-pox etc.

(d) Whooping cough,

(e) Diphtheria, Carbon copy cloner startup disk.

(f) Tuberculosis.

2. Contact Transmission:

It is another cause, and a pertinent one for the spread of certain infectious diseases. Generally persons who look after certain patients suffer from these diseases. This contact may be of the following types:

(a) Personal contact i.e. coming in physical contact with patient. The disease agent is transmitted directly from an infected individual to a susceptible host, during physical contact. In classroom it is quite possible for a boy suffering from some infectious disease to come in contact with other boys, whom he may pass infection.

(b) Sometimes dirty hands are also responsible for carrying the germs of certain infectious diseases such as Polio Myelitis, dysentery, etc. These diseases are very common with some children and so they should be trained to keep their hands clean and free from dirt.

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Given below is a list of the diseases that are contacted in this way:

(i) Ringworm,

(ii) Small pox,

(iii) Scabies,

(iv) Impetigo,

(v) Scarlet fever,

(vi) Eczema

3. Vehicle Transmission:

According to Park vehicle transmission implies transmission of the disease agent through the agency of water, ice, milk, food, serum, plasma or other biological products, of these, water is most important vehicle of transmission in many areas of the world because it is used by every one. Cholera, typhoid fever and viral hepatitis are outstanding examples of diseases transmitted by vehicle transmission.

Fly is the strongest carrier of the infection. If it sits on a food, it spoils it. At one hand it sits on the sputum of a patient and on the other hand it sits on the food. Generally it is the fly that makes the drinks infected. Sometimes dust particles also discharge this function. Given below is a list of the diseases that are caused by infected food and drinks: –

(a) Cholera,

(b) Dysentery,

(c) Enteric fever,

(d) Diphtheria,

(e) Scarlet fever,

(0 Typhoid,

(g) Tuberculosis etc.

4. Vector Transmission:

According to Park, Vectors are arthropods or other invertebrate hosts, which transmit infection by inoculation into the skin or mucosa by biting or by deposit of infective material on the skin or on food or other objects. Vectors transmit disease in two ways (a) Mechanical Transmission.

The disease agent is carried mechanically on the legs or body of the insect, e.g. diarrhea, dysentery and typhoid fever by the housefly, and (b) Biological Transmission. This may be of three types (i) Propagative. The disease agent multiplies and increases in the insect vector e.g; plague bacilli in rat fleas, (ii) Cyclo propagative the parasite undergoes a cycle of development in the body of insect host with multiplication e.g. malaria parasite in mosquito, but increase its progeny, (iii) Cycle development.

The parasite undergoes a cycle of development without multiplication e.g. filarial parasite in culex mosquito and guinea worm embryo in Cyclops.

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5. Tran placental Transmission:

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Some diseases have been known to be carried tran placentally from infected mother to foetus in uterus e.g., syphilis, rubella, measles, toxoplasmosis. It is not known why in some cases the foetus escapes and in others it gets infected.

Standard Transmission Vehicles 2021