Global Electric Vehicle Transmission System Market 2019-2023

SKU ID : TNV- 13231085

Publishing Date : 22-Feb-2019

No. of pages : 128

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  • About this market
    The global EV transmission system market is highly dependent on the adoption of EVs. Hence, factors driving EVs adoption are crucial drivers for the global EV transmission system market. As EVs are powered and driven by battery-powered systems, the battery cost is among the most important factors contributing to the upfront cost of EVs. In addition, high-torque motors used in single-speed transmission systems require high-capacity battery packs. Hence, reduction in battery prices will be beneficial for the market in focus. Several improvements in the technology of battery EVs have rendered them more desirable to consumers. Advancements in Li-ion batteries have made them comparatively lightweight and accorded them longer lifespan than conventional lead-acid and valve-regulated lead-acid batteries. Therefore, the decrease in battery pack cost is expected to increase the demand for EVs exponentially globally during the forecast period. analysts have predicted that the aircraft towbars market will register a CAGR of almost 46% by 2023.
    Market Overview
    Favorable global regulatory environment
    The stringent regulations about fuel economy is leading automotive OEMs to invest in EVs as the cost associated with developments in conventional vehicles to comply with these standards is high. Therefore, most prominent OEMs are investing significantly in electric vehicle technology. The growing investment and focus of automotive OEMs on EVs is expected to lead to a surge in the adoption of EVs, which would be crucial driver for the growth of the global EV transmission system market during the forecast period.
    Mounting cost pressure on transmission system manufacturers from demand side
    Currently, EV component manufacturers and suppliers are facing challenges in the form of quality requirements by maintaining cost lower. Hence, EV transmission system manufacturers are in need to carve out growth strategies to earn profit in this difficult yet attractive market. Intense competition among OEMs and surging consumer demand also encourage OEMs to operate within strict cost parameters and remain profitable.
    For the detailed list of factors that will drive and challenge the growth of the electric vehicle transmission system market during the 2019-2023, view our report.
    Competitive Landscape
    The market appears to be highly concentrated and with the presence of limited vendors. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.

    Frequently Asked Questions



    This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.

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    The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
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