Report ID: UCMIG25C2003
Report ID:
UCMIG25C2003 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The growing need to prevent environmental problems and protect natural resources has sparked manufacturers' interest in the development of electric vehicles. Electric Vehicle (EV) Powertrain The trend of switching to electric vehicles over conventional vehicles is likely to increase over the forecast period due to their ability to deliver zero emissions. As a result, this will lead to an increasing demand for EV transmissions. The demand for economical and low-emission vehicles is growing due to rising petrol and diesel prices and strict emissions regulations. All these factors related to the adoption of electric vehicles are expected to increase the share of the electric vehicle (EV) powertrain market.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Automobile Manufacturers by segment aggregation, the contribution of the Automobile Manufacturers in Automobiles & Components and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG25C2003