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Electric Vehicle Reducer Market by Product Type (Single-stage Type, Multi-stage Type) by Vehicle Type (Battery Electric Vehicles (BEVs), Plug-In Hybrid Electric Vehicles (PHEVs), Hybrid Electric Vehicles (HEVs), Fuel Cell Electric Vehicles) by Sales Channel (Original Equipment Manufacturer (OEM), Aftermarket): Growth, Future Prospects & Competitive Analysis, 2015 – 2027

Published: | Report ID: 5417 | Report Format : PDF

Market Inshights

Using high-efficiency reducers can save energy significantly, which is expected to drive the growth of the global electric vehicle reducer market. In addition, using reducers, such as gear reducers, can reduce motor power consumption, thereby augmenting the development of the global electric vehicle reducer market. Also, technological advancements in EVs have boosted the growth of the global electric vehicle reducer market over the forecast period.

However, frequent replacement of reducer components is a factor that is expected to hinder the global electric vehicle reducer market. On the other hand, the adoption of speed reducers to reduce fuel cost and greenhouse emissions, coupled with technological advancements in electric vehicles, is expected to create potential opportunities for the prominent manufacturers operating in the market.

Impact of COVID 19

The electric vehicle reducer market will show considerable growth on the back of the global pandemic. However, due to the COVID-19 outbreak, an international or partial shutdown had a negative impact on the supply chain and product demand. In addition, the decline in trading activities and transport restrictions in this pandemic has impacted the market growth negatively and hampered its growth.

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The Asia Pacific to Dominate the global electric vehicle reducer market

The global electric vehicle reducer market covers six regions, namely Europe, North America, Asia Pacific, Latin America (LATAM), Middle East, and Africa, including all the key economies in these regions. However, the Asia Pacific is dominated by the global market and accounts for more than 32.3% of the target market. This is attributed to increasing demand for electric vehicle reducers and rising collaboration among players to enhance market penetration.

Multi-stage type would continue to dominate the global electric vehicle reducer market in terms of product type.

Single-stage type and multi-stage types are the product type of the electric vehicle reducer market. In 2020, the multi-stage type segment accounted for the largest share of the global electric vehicle reducer market, owing to growing demand in the commercial and residential sectors.

Battery electric vehicle is the major segment in the global electric vehicle reducer market in terms of vehicle type.

Battery electric vehicles (BEVs), plug-in hybrid electric vehicles (PHEVs), hybrid electric vehicles (HEVs), and fuel cell electric vehicles are the vehicle type of electric vehicle reducer market. In 2020, the battery electric vehicles segment accounted for the largest share of the global electric vehicle reducer market.

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Aftermarket is Sales Channel’s significant segment in the global electric vehicle reducer market.

Based on sales channels, the global electric vehicle reducer market is segregated into original equipment manufacturer (OEM) and aftermarket. In 2020, the aftermarket segment accounted for a significant share 2020 of the global electric vehicle reducer market.

1.Preface
1.1.Report Description
1.1.1.Purpose of the Report
1.1.2.Target Audience
1.1.3.USP and Key Offerings
1.2.Research Scope
1.3.Research Methodology
1.3.1.Phase I – Secondary Research
1.3.2.Phase II – Primary Research
1.3.3.Phase III – Expert Panel Review
1.3.4.Approach Adopted
1.3.4.1.Top-Down Approach
1.3.4.2.Bottom-Up Approach
1.3.5.Assumptions
1.4.Market Segmentation

2.Executive Summary
2.1.Market Snapshot: Global Electric Vehicle Reducer Market

3.Market Dynamics & Factors Analysis
3.1.Introduction
3.1.1. Global Electric Vehicle Reducer Market Value, 2015-2027, (US$ Bn)
3.2.Market Dynamics
3.2.1.Key Growth Trends
3.2.2.Major Industry Challenges
3.2.3.Key Growth Pockets
3.3.Attractive Investment Proposition,2020
3.3.1.Product Type
3.3.2.Vehicle Type
3.3.3.Sales Channel
3.3.4.Geography
3.4.Porter’s Five Forces Analysis
3.4.1.Threat of New Entrants
3.4.2.Bargaining Power of Buyers/Consumers
3.4.3.Bargaining Power of Suppliers
3.4.4.Threat of Substitute Products
3.4.5.Intensity of Competitive Rivalry

4.Market Positioning of Key Players, 2020
4.1.Company market share of key players, 2020
4.2.Top 6 Players
4.3.Top 3 Players
4.4.Major Strategies Adopted by Key Players
5.COVID 19 Impact Analysis
5.1.Global Electric Vehicle Reducer Market Pre Vs Post COVID 19, 2019 – 2027
5.2.Impact on Import & Export
5.3.Impact on Demand & Supply

6.North America
6.1.North America Electric Vehicle Reducer Market, by Country, 2015-2027(US$ Bn)
6.1.1.U.S.
6.1.2.Canada
6.1.3.Mexico
6.2.North America Electric Vehicle Reducer Market, by Product Type, 2015-2027(US$ Bn)
6.2.1.Overview
6.2.2.Single-stage Type
6.2.3.Multi-stage Type
6.3.North America Electric Vehicle Reducer Market, by Vehicle Type, 2015-2027(US$ Bn)
6.3.1.Overview
6.3.2.Battery Electric Vehicles (BEVs)
6.3.3.Plug-In Hybrid Electric Vehicles (PHEVs)
6.3.4.Hybrid Electric Vehicles (HEVs)
6.3.5.Fuel Cell Electric Vehicles
6.4.North America Electric Vehicle Reducer Market, By Sales Channel, 2015-2027(US$ Bn)
6.4.1.Overview
6.4.2.Original Equipment Manufacturer (OEM)
6.4.3.Aftermarket

7.Europe
7.1.Europe Electric Vehicle Reducer Market, by Country, 2015-2027(US$ Bn)
7.1.1.UK
7.1.2.France
7.1.3.Germany
7.1.4.Italy
7.1.5.Russia
7.1.6.Spain
7.1.7.Belgium
7.1.8.Netherland
7.1.9.Austria
7.1.10.Sweden
7.1.11.Poland
7.1.12.Denmark
7.1.13.Switzerland
7.1.14.Rest of Europe
7.2.Europe Electric Vehicle Reducer Market, by Product Type, 2015-2027(US$ Bn)
7.2.1.Overview
7.2.2.Single-stage Type
7.2.3.Multi-stage Type
7.3.Europe Electric Vehicle Reducer Market, by Vehicle Type, 2015-2027(US$ Bn)
7.3.1.Overview
7.3.2.Battery Electric Vehicles (BEVs)
7.3.3.Plug-In Hybrid Electric Vehicles (PHEVs)
7.3.4.Hybrid Electric Vehicles (HEVs)
7.3.5.Fuel Cell Electric Vehicles
7.4.Europe Electric Vehicle Reducer Market, By Sales Channel, 2015-2027(US$ Bn)
7.4.1.Overview
7.4.2.Original Equipment Manufacturer (OEM)
7.4.3.Aftermarket

8.Asia Pacific
8.1.Asia Pacific Electric Vehicle Reducer Market, by Country, 2015-2027(US$ Bn)
8.1.1.China
8.1.2.Japan
8.1.3.South Korea
8.1.4.India
8.1.5.Australia
8.1.6.New Zealand
8.1.7.Taiwan
8.1.8.Southeast Asia
8.1.9.Central Asia
8.1.10.Rest of Asia Pacific
8.2.Asia Pacific Electric Vehicle Reducer Market, by Product Type, 2015-2027(US$ Bn)
8.2.1.Overview
8.2.2.Single-stage Type
8.2.3.Multi-stage Type
8.3.Asia Pacific Electric Vehicle Reducer Market, by Vehicle Type, 2015-2027(US$ Bn)
8.3.1.Overview
8.3.2.Battery Electric Vehicles (BEVs)
8.3.3.Plug-In Hybrid Electric Vehicles (PHEVs)
8.3.4.Hybrid Electric Vehicles (HEVs)
8.3.5.Fuel Cell Electric Vehicles
8.4.Asia Pacific Electric Vehicle Reducer Market, By Sales Channel, 2015-2027(US$ Bn)
8.4.1.Overview
8.4.2.Original Equipment Manufacturer (OEM)
8.4.3.Aftermarket

9.Latin America
9.1.Latin America Electric Vehicle Reducer Market, by Country, 2015-2027(US$ Bn)
9.1.1.Brazil
9.1.2.Argentina
9.1.3.Peru
9.1.4.Chile
9.1.5.Colombia
9.1.6.Rest of Latin America
9.2.Latin America Electric Vehicle Reducer Market, by Product Type, 2015-2027(US$ Bn)
9.2.1.Overview
9.2.2.Single-stage Type
9.2.3.Multi-stage Type
9.3.Latin America Electric Vehicle Reducer Market, by Vehicle Type, 2015-2027(US$ Bn)
9.3.1.Overview
9.3.2.Battery Electric Vehicles (BEVs)
9.3.3.Plug-In Hybrid Electric Vehicles (PHEVs)
9.3.4.Hybrid Electric Vehicles (HEVs)
9.3.5.Fuel Cell Electric Vehicles
9.4.Latin America Electric Vehicle Reducer Market, By Sales Channel, 2015-2027(US$ Bn)
9.4.1.Overview
9.4.2.Original Equipment Manufacturer (OEM)
9.4.3.Aftermarket

10.Middle East
10.1.Middle East Electric Vehicle Reducer Market, by Country, 2015-2027(US$ Bn)
10.1.1.UAE
10.1.2.KSA
10.1.3.Israel
10.1.4.Turkey
10.1.5.Iran
10.1.6.Rest of Middle East
10.2.Middle East Electric Vehicle Reducer Market, by Product Type, 2015-2027(US$ Bn)
10.2.1.Overview
10.2.2.Single-stage Type
10.2.3.Multi-stage Type
10.3.Middle East Electric Vehicle Reducer Market, by Vehicle Type, 2015-2027(US$ Bn)
10.3.1.Overview
10.3.2.Battery Electric Vehicles (BEVs)
10.3.3.Plug-In Hybrid Electric Vehicles (PHEVs)
10.3.4.Hybrid Electric Vehicles (HEVs)
10.3.5.Fuel Cell Electric Vehicles
10.4.Middle East Electric Vehicle Reducer Market, By Sales Channel, 2015-2027(US$ Bn)
10.4.1.Overview
10.4.2.Original Equipment Manufacturer (OEM)
10.4.3.Aftermarket

11.Africa
11.1.Africa Electric Vehicle Reducer Market, by Country, 2015-2027(US$ Bn)
11.1.1.South Africa
11.1.2.Egypt
11.1.3.Nigeria
11.1.4.Rest of Africa
11.2.Africa Electric Vehicle Reducer Market, by Product Type, 2015-2027(US$ Bn)
11.2.1.Overview
11.2.2.Single-stage Type
11.2.3.Multi-stage Type
11.3.Africa Electric Vehicle Reducer Market, by Vehicle Type, 2015-2027(US$ Bn)
11.3.1.Overview
11.3.2.Battery Electric Vehicles (BEVs)
11.3.3.Plug-In Hybrid Electric Vehicles (PHEVs)
11.3.4.Hybrid Electric Vehicles (HEVs)
11.3.5.Fuel Cell Electric Vehicles
11.4.Africa Electric Vehicle Reducer Market, By Sales Channel, 2015-2027(US$ Bn)
11.4.1.Overview
11.4.2.Original Equipment Manufacturer (OEM)
11.4.3.Aftermarket

12.Global
12.1.Global Electric Vehicle Reducer Market, by Product Type, 2015-2027(US$ Bn)
12.1.1.Overview
12.1.2.Single-stage Type
12.1.3.Multi-stage Type
12.2.Global Electric Vehicle Reducer Market, by Vehicle Type, 2015-2027(US$ Bn)
12.2.1.Overview
12.2.2.Battery Electric Vehicles (BEVs)
12.2.3.Plug-In Hybrid Electric Vehicles (PHEVs)
12.2.4.Hybrid Electric Vehicles (HEVs)
12.2.5.Fuel Cell Electric Vehicles
12.3.Global Electric Vehicle Reducer Market, By Sales Channel, 2015-2027(US$ Bn)
12.3.1.Overview
12.3.2.Original Equipment Manufacturer (OEM)
12.3.3.Aftermarket

13.Company Profiles
13.1.BorgWarner Inc.
13.2.Robert Bosch GmbH
13.3.ZF Friedrichshafen AG
13.4.GKN
13.5.GETRAG FORD Transmission GmbH
13.6.AVL GmbH
13.7.HOTA Industrial
13.8.Tsingshan Industry
13.9.Aichi Machine Industry
13.10.Magna International
13.11.SAGW
13.12.Zhuzhou Gear
Others

List of Figures

FIG. 1Global Electric Vehicle Reducer Market: Research Methodology
FIG. 2Market Size Estimation – Top Down & Bottom up Approach
FIG. 3Global Electric Vehicle Reducer Market Segmentation
FIG. 4Global Electric Vehicle Reducer Market, by Product Type, 2019 (US$ Bn)
FIG. 5Global Electric Vehicle Reducer Market, by Vehicle Type, 2019 (US$ Bn)
FIG. 6Global Electric Vehicle Reducer Market, by Sales Channel, 2019 (US$ Bn)
FIG. 7Global Electric Vehicle Reducer Market, by Geography, 2019 (US$ Bn)
FIG. 8Attractive Investment Proposition, by Geography, 2019
FIG. 9Global Market Positioning of Key Electric Vehicle Reducer Market Manufacturers, 2019
FIG. 10Global Electric Vehicle Reducer Market Value Contribution, By Product Type, 2019 & 2027 (Value %)
FIG. 11Global Electric Vehicle Reducer Market Value Contribution, By Vehicle Type, 2019 & 2027 (Value %)
FIG. 12Global Electric Vehicle Reducer Market Value Contribution, By Sales Channel, 2019 & 2027 (Value %)
FIG. 13U.S. Electric Vehicle Reducer Market, 2015-2027 (US$ Bn)
FIG. 14Rest of North America Electric Vehicle Reducer Market, 2015-2027 (US$ Bn)
FIG. 15U.K. Electric Vehicle Reducer Market, 2015-2027 (US$ Bn)
FIG. 16Germany Electric Vehicle Reducer Market, 2015-2027 (US$ Bn)
FIG. 17France Electric Vehicle Reducer Market, 2015-2027 (US$ Bn)
FIG. 18Rest of Europe Electric Vehicle Reducer Market, 2015-2027 (US$ Bn)
FIG. 19Japan Electric Vehicle Reducer Market, 2015-2027 (US$ Bn)
FIG. 20China Electric Vehicle Reducer Market, 2015-2027 (US$ Bn)
FIG. 21India Electric Vehicle Reducer Market, 2015-2027 (US$ Bn)
FIG. 22Rest of Asia Pacific Electric Vehicle Reducer Market, 2015-2027 (US$ Bn)
FIG. 23Middle East & Africa Electric Vehicle Reducer Market, 2015-2027 (US$ Bn)
Latin America Electric Vehicle Reducer Market, 2015-2027 (US$ Bn)

List of Tables

TABLE 1Market Snapshot: Global Electric Vehicle Reducer Market
TABLE 2Global Electric Vehicle Reducer Market, by Product Type, 2015-2027 (US$ Bn)
TABLE 3Global Electric Vehicle Reducer Market, by Vehicle Type, 2015-2027 (US$ Bn)
TABLE 4Global Electric Vehicle Reducer Market, by Sales Channel, 2015-2027 (US$ Bn)
TABLE 5Global Electric Vehicle Reducer Market, by Geography, 2015-2027 (US$ Bn)
TABLE 6North America Electric Vehicle Reducer Market, by Product Type, 2015-2027 (US$ Bn)
TABLE 7North America Electric Vehicle Reducer Market, by Vehicle Type, 2015-2027 (US$ Bn)
TABLE 8North America Electric Vehicle Reducer Market, by Sales Channel, 2015-2027 (US$ Bn)
TABLE 9North America Electric Vehicle Reducer Market, by Country/Region, 2015-2027 (US$ Bn)
TABLE 10Europe Electric Vehicle Reducer Market, by Product Type, 2015-2027 (US$ Bn)
TABLE 11Europe Electric Vehicle Reducer Market, by Vehicle Type, 2015-2027 (US$ Bn)
TABLE 12Europe Electric Vehicle Reducer Market, by Sales Channel, 2015-2027 (US$ Bn)
TABLE 13Europe Electric Vehicle Reducer Market, by Country/Region, 2015-2027 (US$ Bn)
TABLE 14Asia Pacific Electric Vehicle Reducer Market, by Product Type, 2015-2027 (US$ Bn)
TABLE 15Asia Pacific Electric Vehicle Reducer Market, by Vehicle Type, 2015-2027 (US$ Bn)
TABLE 16Asia Pacific Electric Vehicle Reducer Market, by Sales Channel, 2015-2027 (US$ Bn)
TABLE 17Asia Pacific Electric Vehicle Reducer Market, by Country/Region, 2015-2027 (US$ Bn)
TABLE 18Latin America Electric Vehicle Reducer Market, by Product Type, 2015-2027 (US$ Bn)
TABLE 19Latin America Electric Vehicle Reducer Market, by Vehicle Type, 2015-2027 (US$ Bn)
TABLE 20Latin America Electric Vehicle Reducer Market, by Sales Channel, 2015-2027 (US$ Bn)
TABLE 21Latin America Electric Vehicle Reducer Market, by Country/Region, 2015-2027 (US$ Bn)
TABLE 22Middle East Electric Vehicle Reducer Market, by Product Type, 2015-2027 (US$ Bn)
TABLE 23Middle East Electric Vehicle Reducer Market, by Vehicle Type, 2015-2027 (US$ Bn)
TABLE 24Middle East Electric Vehicle Reducer Market, by Sales Channel, 2015-2027 (US$ Bn)
TABLE 25Middle East Electric Vehicle Reducer Market, by Shape, 2015-2027 (US$ Bn)
TABLE 26Middle East Electric Vehicle Reducer Market, by Application, 2015-2027 (US$ Bn)
TABLE 27Middle East Electric Vehicle Reducer Market, by Country/Region, 2015-2027 (US$ Bn)
TABLE 28Africa Electric Vehicle Reducer Market, by Product Type, 2015-2027 (US$ Bn)
TABLE 29Africa Electric Vehicle Reducer Market, by Vehicle Type, 2015-2027 (US$ Bn)
TABLE 30Africa Electric Vehicle Reducer Market, by Sales Channel, 2015-2027 (US$ Bn)
TABLE 31Africa Electric Vehicle Reducer Market, by Country/Region, 2015-2027 (US$ Bn)
TABLE 32BorgWarner Inc.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
TABLE 33Robert Bosch GmbH: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
TABLE 34ZF Friedrichshafen AG: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
TABLE 35GKN: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
TABLE 36GETRAG FORD Transmission GmbH: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
TABLE 37AVL GmbH: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
TABLE 38HOTA Industrial: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
TABLE 39Tsingshan Industry: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
TABLE 40Aichi Machine Industry: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
TABLE 41Magna International: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
TABLE 42SAGW: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
TABLE 43Zhuzhou Gear: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
TABLE 44Others: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments

What are the consequences of COVID 19 on global electric vehicle reducer market?

Disruption of supply chain and shutdown of production lines caused by the current pandemic

Which is the key sales channel through which electric vehicle reducer market occurs?

Aftermarket is the major vehicle type segment in electric vehicle reducer market

Which is the leading regional market for global electric vehicle reducer market?

Asia Pacific has the largest share owing to local presence of market players and increasing demand in electric vehicles

What will be the CAGR (2021-2027) of in global electric vehicle reducer market?

The market is anticipated to grow at a CAGR of 39.25% throughout the forecast period

Which are the major factors driving the growth of global electric vehicle reducer market?

Increasing demand for the reducer in electric vehicles is a key driving factors propelling the growth of this market

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