the global EV Speed Reducer market size is projected to reach USD 1.74 billion by 2029

A reducer for an electric vehicle is provided to reduce the volume of the reducer by transferring the power from an output shaft to a differential device. A reducer for an electric vehicle comprises a motor housing, a reducer housing, an input shaft, an output shaft, and a differential gear. A drive motor is installed in the motor housing. The reducer housing is assembled in one side of the motor housing. The input shaft is the central shaft of the drive motor. The output shaft is arranged in one top or one bottom of the input shaft and is connected to the input shaft through a reduction gear. The differential gear is arranged in one top or one bottom of the output shaft and is connected to the output shaft through a ring gear.

According to the new market research report “Global EV Speed Reducer Market Report 2023-2029”, published by GlobalInfoResearch, the global EV Speed Reducer market size is projected to reach USD 1.74 billion by 2029, at a CAGR of 20.2% during the forecast period.

• Global EV Speed Reducer MarketSize(US$ Million), 2018-2029

Source: GlobalInfoResearch, “Global EV Speed Reducer Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 2029”.

• Global EV Speed Reducer Top12Players Ranking and Market Share（Based on data of 2021, Continually updated）

Source: GlobalInfoResearch, “Global EV Speed Reducer Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 2029”.

The global key manufacturers of EV Speed Reducer include Borgwarner, HOTA Industrial, SAGW, GKN, ZF, Aichi Machine Industry, Magna International, Bosch, Zhuzhou Gear , HYCET E-Chuang, etc. In 2020, the global top five players had a share approximately 69.0% in terms of revenue.

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