Vertical: AutoBase Year: 2021
Market Size (2021)
$10.49B
Projected (2030)
$16.64B
CAGR (2018–2030)
3.5%
Key Players
15+
The global e-gear multispeed transmission market is consistently growing due to the Growing EV demand and government initiatives across globe and rising prevalence of fuel efficiency demand. Furthermore, growing demand for automated manual transmission is likely to drive the region’s market throughout the forecast year.
The global e-gear multispeed transmission market is projected to grow at 5.3% CAGR during the forecast period, 2022–2030. In 2021, the global e-gear multispeed transmission market was dominated by Asia-Pacific with a 53.1% share, followed by Europe, and North America with shares of 19.2%, and 16.5% respectively, while countries such as China & India are projected to showcase substantial growth throughout the forecast period.
The global e-gear multispeed transmission market has been segmented based on vehicle type, sales channel, propulsion, and region. Based on vehicle type, the global e-gear multispeed transmission market has been segmented into passenger vehicle, light duty vehicle, medium & heavy-duty vehicle, and buses & coaches. The passenger vehicle segment is estimated to grow at 4.3% during the forecast period, while in 2021, while it accounted for 66.6% share.
Based on sales channel, the global e-gear multispeed transmission market has been segmented into OEM, and aftermarket. The OEM segment is expected to grow at 5.1% during the forecast period. In 2021, the segment held 78.5% of the global e-gear multispeed transmission market.
Based on propulsion, the global e-gear multispeed transmission market has been segmented into electric vehicle (EV), and ICE vehicle. The ICE Vehicle segment is expected to grow at 3.5% during the forecast period. In 2021, the segment held 92.4% of the global e-gear multispeed transmission market.
The E-Gear Multispeed Transmission Market market is projected to grow at a CAGR of 3.5% from 2018 to 2030.
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View Subscription PlansE-Gear is an automated manual transmission (AMT) system used in some high-performance cars & electric vehicles. The system uses a series of electrohydraulic actuators to control the clutch and shift gears, which provides a seamless and lightning-fast shifting experience for the driver. The "Multispeed" aspect of the transmission refers to its ability to change gears at different speeds, which allows the driver to make quick gear changes without having to worry about clutch operation or gear selection.
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View Subscription PlansThis report applies a rigorous multi-stage research process combining primary interviews, secondary data sources, and bottom-up market modelling to ensure accuracy and completeness across all segments and geographies.
Base Year
2021
Historical Period
2018 – 2020
Forecast Period
2022 – 2030
Primary Interviews
150+
Historical data (2018–2021) and forecast period (2021–2030)
Our research process spans primary interviews with industry stakeholders combined with comprehensive secondary data analysis, validated through triangulation across multiple independent sources.
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View Subscription PlansThe global e-gear multispeed transmission market is characterized by the presence of many international and regional manufacturers. The global market is highly competitive, with all the players competing to gain a larger market share. The automotive manufacturers compete based on cost, product quality, reliability, and aftermarket services. Therefore, the manufacturers must provide innovative and efficient products which are also cost-effective to survive and succeed in a competitive market environment.
ZF Friedrichshafen AG, Eaton, GKN Automotive Limited, BorgWarner Inc., Allison Transmission, Inc., Aisin Corporation and Voith GmbH & Co. KGaA are the major players in the market, competing in terms of a variety of products for the global e-gear multispeed transmission market and their components, as well as efficiency, reliability, affordability, and advanced technology. The primary focus of the players is to provide advanced products to aid in increasing adoption, which could help strengthen a country’s growth with advanced products. Although global players dominate the market, a few regional and other local players with a limited market share also have a prominent presence in this market.
The major players would look to strengthen their regional presence through mergers & acquisitions of local and global players, they are expected to expand their presence and solutions in these countries during the forecast period. Therefore, manufacturers must develop new technologies to stay at par with emerging technology trends that could affect the competitiveness of their product lines in the market.
Threat of New Entrants
The threat of new entrants in the E-Gear Multispeed Transmission market is relatively low. This can be attributed to the high barriers to entry that exist in the industry, such as the need for significant capital investment, complex technology requirements, and strict government regulations. Moreover, the market is already dominated by established players such as BorgWarner, ZF Friedrichshafen AG, and Aisin Seiki Co., Ltd. These companies have extensive experience in research and development, strong brand recognition, and established supply chains. Furthermore, government regulations, such as emissions and fuel efficiency standards, pose significant challenges to new entrants attempting to enter the market. Overall, the E-Gear Multispeed Transmission market presents significant barriers to entry, making it difficult for new players to establish themselves.
Bargaining Power of Suppliers
In the E-Gear Multispeed Transmission market, the bargaining power of suppliers is relatively low. The suppliers in this market are mainly composed of raw material suppliers and component manufacturers. The low bargaining power is due to the availability of multiple suppliers, as well as the ability of manufacturers to vertically integrate and produce their own components. Additionally, the market is highly competitive, and manufacturers have significant bargaining power due to the high demand for their products. However, there are a few factors that could potentially increase the bargaini peed Transmission market. These include changes in government regulations and policiesProduct Differentiation, disruptions in the supply chain, and mergers and acquisitions in the industry.
Bargaining Power of Buyers
In the E-Gear Multispeed Transmission market, the Bargaining Power of Buyers is relatively low. The market is dominated by a few key players, and the demand for high-performance transmissions for electric vehicles is growing. This gives the key players more bargaining power over their customers. However, with the increasing demand for electric vehicles and the availability of alternative transmission technologies, customers are becoming more knowledgeable about the market and their options. This can increase their bargaining power, as they have more choices and can more easily switch to alternative products. Furthermore, the increasing focus on sustainability and environmental friendliness in the automotive industry is also giving customers more bargaining power, as they prioritize eco-friendly products and are willing to pay more for them.
Threat of Substitutes
In the E-Gear Multispeed Transmission market, the Threat of Substitutes is relatively low. The demand for electric vehicles is increasing globally, but traditional manual and automatic transmissions are still widely used in traditional vehicles. While some electric vehicles use single-speed transmissions, multispeed transmissions are still needed for high-performance electric vehicles. Therefore, the demand for E-Gear Multispeed Transmissions is likely to remain high. A recent development in the E-Gear Multispeed Transmission market is the introduction of a new transmission by Bosch. The company claims that its new transmission system provides improved efficiency, higher acceleration, and better driving comfort. Bosch's innovative technology is expected to strengthen its position in the market and improve its competitiveness against other players.
Intensity of Rivalry
In the E-Gear Multispeed Transmission market, the Intensity of Rivalry is relatively high. The market is dominated by a few key players, such as Bosch, Continental AG, and ZF Friedrichshafen AG. These companies are constantly competing to develop new technologies and gain market share. Recently, Bosch announced the development of a new multispeed transmission for electric vehicles, which is expected to improve driving comfort and increase efficiency. This innovation is likely to intensify the rivalry among key players in the market, as they strive to maintain their market positions and capture market share. Another factor contributing to the high intensity of rivalry in the market is the increasing demand for electric vehicles. As the demand for electric vehicles grows, companies are investing more in research and development to produce better, more efficient, and more cost-effective transmissions.
Market estimates by geography (2030)
InsightAsia Pacific leads with $9.42B by 2030.
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View Subscription Plans| REGION | 2018 | 2021 | 2030 | CAGR | SHARE |
|---|---|---|---|---|---|
| North America | $1.85B | $1.98B | $2.62B | 2.9% | 16% |
| Europe | $2.25B | $2.24B | $2.83B | 1.9% | 17% |
| Asia Pacific | $5.64B | $6.61B | $9.42B | 4.4% | 57% |
| Middle East and Africa | $562.10M | $601.20M | $817.60M | 3.2% | 5% |
| South America | $716.40M | $733.70M | $945.30M | 2.3% | 6% |
| Total | $11.02B | $12.16B | $16.64B | 3.5% | 100% |
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View Subscription PlansTotal Market Size
$16.64B
| APPLICATION | REVENUE ($B) | GROWTH RATE | MARKET PENETRATION |
|---|---|---|---|
| Passenger Vehicle | $10.19B | 2.6% | 61% |
| Light Duty Vehicle | $4.73B | 5.3% | 28% |
| Medium & Heavy Duty Trucks | $1.14B | 4.2% | 7% |
| Buses & Coaches | $581.00M | 6.1% | 3% |
* Revenue projections based on 2025 estimates. Growth rates represent CAGR 2024–2030. Market penetration indicates current adoption rate within addressable market segments.
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Analytical insights on E-Gear Multispeed Transmission Market covering market dynamics, competitive landscape, and strategic outlook.
The E-Gear Multispeed Transmission Market market is projected to reach $16.64B by 2030, growing at 3.5% CAGR. The Passenger Vehicle segment holds the largest share.
E-Gear Multispeed Transmission is a new technology that is transforming the automotive industry. It is an advanced type of transmission system that enables smooth gear shifting and improves fuel efficiency. E-Gear Multispeed Transmission is an electronically-controlled gearbox that allows for precise gear changes in milliseconds, providing a seamless driving experience. This technology is gaining popularity due to its ability to optimize vehicle performance, reduce emissions, and improve fuel economy. The E-Gear Multispeed Transmission market is expected to grow significantly in the coming years, as automakers seek to meet stricter emissions regulations and provide more efficient vehicles to consumers. Leading companies in the automotive industry are investing heavily in E-Gear Multispeed Transmission technology, with many new models featuring this advanced transmission system already on the market. As demand for more efficient vehicles continues to increase, the E-Gear Multispeed Transmission market is poised for continued growth and innovation.
The E-Gear Multispeed Transmission market is driven by various factors that have contributed to its growth in recent years. One major driver is the increasing demand for electric vehicles (EVs) as a solution to reduce carbon emissions and combat climate change. As the adoption of EVs continues to rise, the need for efficient and reliable transmissions that can handle high torque and power demands also increases. E-Gear Multispeed Transmissions are capable of delivering high performance and efficiency, making them a suitable choice for EVs. Recent activities such as new product launches, partnerships, and investments have also played a significant role in driving the E-Gear Multispeed Transmission market. For instance, in 2021, Bosch and Qingling Motors launched an eight-speed E-Gear Transmission for commercial vehicles in China, providing a more efficient and comfortable driving experience. Additionally, in the same year, ZF Friedrichshafen announced the production of its new EV transmission, the 8-speed EVD8, which offers improved power density and efficiency for passenger cars. Furthermore, government policies and initiatives aimed at promoting the adoption of EVs have also helped drive the E-Gear Multispeed Transmission market.
Many countries around the world are implementing incentives such as tax credits, rebates, and subsidies to encourage consumers to purchase EVs. For example, in 2021, the Indian government announced a $3.5 billion program to incentivize the production of EVs and related infrastructure. This move is expected to boost the demand for E-Gear Multispeed Transmissions in the Indian market. Investments in research and development (R&D) and innovation have also contributed to the growth of the E-Gear Multispeed Transmission market. Many companies are investing heavily in R&D to develop new and improved E-Gear Multispeed Transmission technologies that can meet the evolving needs of the market. For instance, in 2021, Schaeffler announced the development of its new P2 Hybrid Module, which integrates an E-Gear Multispeed Transmission with an electric motor, offering a more efficient and compact solution for hybrid vehicles. In conclusion, the E-Gear Multispeed Transmission market is driven by various factors, including the increasing demand for EVs, recent activities such as product launches and investments, government policies and initiatives, and investments in R&D and innovation. These drivers are expected to continue to fuel the growth of the E-Gear Multispeed Transmission market in the coming years.
The E-Gear Multispeed Transmission market presents several opportunities for growth and development in the coming years. One major opportunity is the increasing demand for electric vehicles (EVs) and the need for efficient and reliable transmissions that can handle high power and torque demands. As the adoption of EVs continues to rise, the market for E-Gear Multispeed Transmissions is expected to grow substantially.
Recent activities and innovations have also contributed to the growth of the E-Gear Multispeed Transmission market. In 2021, ZF Friedrichshafen announced the production of its new EV transmission, the 8-speed EVD8, which offers improved power density and efficiency for passenger cars. This development is expected to drive demand for E-Gear Multispeed Transmissions in the EV market. Investments in the development and production of E-Gear Multispeed Transmissions have also provided significant growth opportunities for the market. In 2021, BorgWarner announced plans to invest $450 million in the production of E-Gear Multispeed Transmissions and other electric drive train components over the next three years. This investment is expected to increase the company's capacity to produce electric drive train components by 50%, contributing to the growth of the market. Government policies and initiatives aimed at promoting the adoption of EVs have also presented opportunities for the E-Gear Multispeed Transmission market. Many countries are implementing incentives such as tax credits, rebates, and subsidies to encourage consumers to purchase EVs. For instance, in 2021, the Chinese government announced plans to extend its EV subsidies and tax exemptions until 2022, contributing to the growth of the EV market and the demand for E-Gear Multispeed Transmissions.
Moreover, the increasing focus on sustainable transportation and the need to reduce carbon emissions present additional opportunities for the E-Gear Multispeed Transmission market. Many governments around the world are setting targets for the adoption of EVs and implementing policies such as emissions standards and zero-emission vehicle mandates. For example, in 2020, the European Union introduced new emissions standards that require automakers to reduce their fleet-wide emissions by 37.5% by 2030. This has driven demand for E-Gear Multispeed Transmissions in Europe as automakers seek to meet these targets. In conclusion, the E-Gear Multispeed Transmission market presents several opportunities for growth and development in the coming years, driven by factors such as the increasing demand for EVs, recent activities and innovations, investments in the development and production of E-Gear Multispeed Transmissions, government policies and initiatives, and the need to reduce carbon emissions. These opportunities are expected to drive the growth of the E-Gear Multispeed Transmission market and provide significant value to the automotive industry.
The E-Gear Multispeed Transmission market is facing a number of significant restraints, which are hindering its growth and limiting its potential. One of the major factors hampering the market is the high cost of implementing the technology. The use of electric motors and complex transmission systems results in higher costs for both the manufacturers and the end-users. This can limit the adoption of E-Gear Multispeed Transmission systems, particularly in developing markets. Another major restraint for the E-Gear Multispeed Transmission market is the lack of infrastructure to support electric vehicles. While the adoption of electric vehicles is increasing, there is still a significant lack of charging infrastructure in many regions. This limits the practicality of using electric vehicles and can slow the adoption of E-Gear Multispeed Transmission systems. In addition, regulatory frameworks can also be a significant restraint for the E-Gear Multispeed Transmission market. Different regions have different regulations when it comes to emissions, fuel efficiency, and safety. This can create barriers to entry for manufacturers, who must comply with these regulations in order to sell their products in specific regions. Furthermore, the COVID-19 pandemic has had a significant impact on the E-Gear Multispeed Transmission market.
The pandemic has disrupted supply chains, resulting in shortages of components and delays in production. This has led to increased costs and longer lead times for E-Gear Multispeed Transmission systems, which has limited their adoption. Despite these restraints, there are some positive developments in the E-Gear Multispeed Transmission market. For example, advancements in battery technology have resulted in improved range and performance for electric vehicles. This has made electric vehicles more practical and increased their adoption, which in turn is driving the adoption of E-Gear Multispeed Transmission systems. Moreover, governments around the world are increasingly implementing policies to encourage the adoption of electric vehicles. For example, many governments offer tax incentives or subsidies for the purchase of electric vehicles, which can make them more affordable for consumers. These policies can help to drive the adoption of E-Gear Multispeed Transmission systems, as they are an important component of electric vehicles. Overall, while there are significant restraints facing the E-Gear Multispeed Transmission market, there are also positive developments that suggest that the market has a bright future.
By addressing the challenges facing the market, manufacturers can continue to innovate and develop new solutions that meet the needs of consumers and drive the adoption of electric vehicles.
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Profiles of 110 companies operating in the E-Gear Multispeed Transmission Market market, including revenue, employee count, and market positioning where available.
Showing 110 of 110 companies
Company Headquarters: Indianapolis, Indiana, U.S. Founded: 1915 Workforce: ~3,400 Company Working: Allison Transmission Inc. (Allison) is a leading American company involved in development, designing and manufacturing of vehicle propulsion systems & solutions for commercial and defense vehicles. It is one of the largest manufacturers of medium & heavy duty fully automatic transmissions in the world. Allison is a front-runner in electrified propulsion systems and its products are used in a wide variety of applications like on-highway trucks (distribution, fire & emergency, construction), buses (school, transit, coach), motorhomes and off-highway vehicles & equipment (energy, mining & construction applications) and defense vehicles. The company has its presence in around 150 countries and has more than 1,400 autonomous distributors and dealer locations across the world. Allison has regional headquarters China, the Netherlands, & Brazil, manufacturing facilities in USA, India and electrification engineering centres in Indianapolis, Indiana, Auburn Hills, Michigan, and London.
Company Headquarters: London, UK Founded: 1759 Workforce: ~25,000 Company Working: GKN Automotive Limited (GKN) is a leading global automotive technology company pioneer in electric drive systems. The company is driving the future of transportation and is the trusted partner for most of the world’s automotive companies. GKN specializes in the development and supply of market-leading driveline systems and advanced ePowertrain technologies. The ePowertrain division of GKN offers solutions for electrified vehicles and is now powering over 2 million electrified vehicles worldwide creating the ultimate driving experience. GKN has a global network of 47 manufacturing facilities and 6 technology centers in 18 countries which are strategically located to ensure world-class technical support.
ZF Friedrichshafen AG was founded in 1915 in Friedrichshafen, Germany, originally to supply transmissions for airships and later automobiles. Today it operates as a privately-held global technology company owned by the Zeppelin Foundation (93.8%) and the Dr. Jürgen and Irmgard Ulderup Foundation (6.2%), with no public equity listing. The company maintains more than 160 production locations across roughly 50 countries and employs approximately 168,000 people globally. Within the highway equipment and utility vehicles market, ZF's footprint spans commercial vehicle driveline systems, axle systems, steering, braking, and advanced driver assistance components supplied to truck OEMs, construction equipment manufacturers, agricultural machinery producers, and municipal utility vehicle builders worldwide. ZF's core portfolio for highway equipment and utility vehicles centers on automated manual transmissions (the TraXon and EcoLife series), axle systems for heavy trucks and off-highway machinery, independent front-axle steering systems, air disc brakes (the MAXX series), and electronic chassis control modules. The company also supplies complete driveline solutions for municipal vehicles such as refuse collection trucks and airport ground support equipment through its EcoLife fully automatic transmission platform. In the construction and agricultural segments, ZF provides powershift transmissions, torque converters, and axle drives for wheel loaders, graders, and telescopic handlers. This breadth of driveline and chassis technology positions ZF as one of the few suppliers capable of delivering integrated powertrain-to-wheel solutions for the full spectrum of commercial and off-highway utility vehicles. ZF's most consequential recent strategic move in this market was the acquisition of WABCO Holdings, completed in May 2020 for approximately $7 billion, which added advanced braking, stability control, and fleet telematics capabilities directly relevant to heavy highway equipment. The combined entity now markets integrated safety and efficiency systems under the ZF brand to truck and trailer manufacturers globally. ZF has also deepened its electrification push for commercial vehicles through its electric axle drive (AxTrax) and electric central drive (CeTrax) platforms, targeting urban utility vehicles and medium-duty trucks. Partnerships with truck OEMs including Daimler Truck and Traton Group have accelerated series production of electrified driveline components for highway and municipal applications. ZF supplies major truck and commercial vehicle OEMs including Daimler Truck, Volvo Group, Traton (MAN, Scania), PACCAR, and CNH Industrial across its transmission, axle, and braking product lines. In the municipal and utility vehicle segment, EcoLife automatic transmissions are specified by bus and refuse truck builders across Europe, North America, and Asia-Pacific.
Company Headquarters: Heidenheim, Germany Founded: 1867 Workforce: ~19,000 Company Working: Voith GmbH & Co. KGaA is a leading company with a broad portfolio of systems, products, services, and digital solutions. It had set standards in the energy, oil & gas, paper, raw materials, transport, and automotive industries. The company also manufactures hydropower turbines, generators, and drive components, which are used in applications such as industrial plants, road and rail vehicles, and waters. It operates through four segments, which are hydro, paper, turbo, and digital ventures. The company offers energy storage system products under its hydro and turbo segments. It provides its advanced products and solutions for end-use industries such as cement, chemicals & petrochemicals, commercial vehicles & automotive, construction, marine, mechanical engineering, mining, oil & gas, thermal power plants, rail vehicles, and steel. Voith GmbH & Co. KGaA has operations in more than 60 countries, across the globe. Ray Sono AG, Voith Turbo GmbH & Co. KG, Voith Hydro Holding GmbH & Co. KG, Voith Industrial Services AS, and Voith Industrial Services Holding GmbH are some of its subsidiaries
Company Headquarters: UK Founded: 1915 Workforce: 2901 Company Working: Ricardo delivers consulting services as well as a solution built on sustainable technological innovation. The company server is the 8 key market segments: automotive, aerospace & defense, financial services, energy utilities, and waste, public and government sectors. The company serves various markets such as aerospace and defense, energy, utilities, and waste, automotive, maritime, industrial, and manufacturing, rail and mass transit, and financial services. The company offers services such as strategic consulting, environmental consulting, technical consulting, niche production, and assurance and testing. The solution offered by the company includes corporate sustainability, energy decarbonization, air quality and urbanization, policy, strategy and economics, emerging mobility, water management, rail independent assurance, propulsion system engineering, rail engineering and operation, powertrain system production, defense system engineering, and driveline production.
Magna International Inc. designs, engineers, and manufactures components, assemblies, systems, subsystems, and modules for original equipment manufacturers of vehicles and light trucks worldwide. It operates through four segments: Body Exteriors & Structures, Power & Vision, Seating Systems, and Complete Vehicles. The Body Exteriors & Structures segment provides body and chassis, exterior, and roof systems, as well as battery enclosures and engineering and testing services, including fascia and trims, front end modules, integration panels, liftgate modules, active aerodynamics, engineered glass, running boards, truck bed access products, breakthrough lightings, quarter windows, encapsulated glasses, and side doors. The Power & Vision segment offers ?electric drive systems and components, such as emotors, inverters, onboard chargers, gearboxes, and e-clutch; dedicated hybrid drives, dual and hybrid dual clutch, and manual transmissions; AWD/4WD products and rear drive modules; transmission, driveline components, and ICE; engineering services; advanced driver assistance systems sensors and, and electronic control units; interior and exterior mirrors, camera and driver monitoring systems and electronics, actuators, door handles, and overhead consoles; forward, rear, and auxiliary lighting products; latching, door modules, window, power closure, and hinges and wire forming systems; and modular and textile folding roofs, and hard and soft tops. The Seating Systems segment provides seat structures, mechanism and hardware solutions, and foam and trim products. The Complete Vehicles segment offers vehicle engineering and manufacturing services. The company also designs, engineers, and manufactures tooling products
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Historical performance and future projections (2020–2030, USD Billion)
Market Size (USD Mn)
