The global market for EV Speed Reducer was estimated to be worth US$ 2138 million in 2024 and is forecast to a readjusted size of US$ 7555 million by 2031 with a CAGR of 19.3% during the forecast period 2025-2031.
This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on EV Speed Reducer cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.
In 2024, global EV Speed Reducer production reached approximately 18.26 million units, with an average global market price of around US$117 per unit.
EV speed reducer is a gear transmission device used in electric vehicles (EVs) to reduce the high rotational speed of the electric motor to a suitable level for driving the wheels. Unlike internal combustion engine vehicles that rely on multi-speed transmissions, EVs typically use single-speed or simplified gear reducers due to the wide torque band of electric motors. The speed reducer ensures efficient power delivery, enhances torque output, and contributes to the overall performance and energy efficiency of the electric drivetrain.
As electric vehicles continue to grow in global adoption, the EV speed reducer market has emerged as a critical segment within the electric drivetrain industry. Electric motors in EVs operate at significantly higher rotational speeds than what is optimal for direct wheel propulsion. Therefore, speed reducers serve as essential components, translating motor output into usable torque and vehicle speed. Their role directly affects vehicle acceleration, energy efficiency, noise levels, and overall driving performance.
Modern EV speed reducers are being developed to meet demanding requirements for compact size, low weight, low noise, and high efficiency. Many automotive OEMs and component suppliers are investing in integrated electric drive units that combine the motor, inverter, and reducer into a single housing. This integration helps reduce cost, save space, and improve overall system reliability. As powertrain electrification accelerates, the demand for highly durable and precise reducers is increasing, especially for high-performance electric vehicles that require rapid torque delivery and consistent performance under varying driving conditions.
In addition, the trend toward electric commercial vehicles, including buses and trucks, is driving innovation in high-load reducers capable of managing greater torque and long service life. With the continued expansion of EV manufacturing globally-particularly in China, Europe, and North America-the EV speed reducer market is expected to maintain steady growth. Competitive dynamics are also pushing suppliers to improve materials, lubrication systems, and gear design to minimize losses and enhance thermal performance. Looking forward, the speed reducer will remain a key enabler of electric mobility, supporting not only performance but also energy conservation and sustainable transport goals.
This report aims to provide a comprehensive presentation of the global market for EV Speed Reducer, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of EV Speed Reducer by region & country, by Type, and by Application.
The EV Speed Reducer market size, estimations, and forecasts are provided in terms of sales volume (K Units) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding EV Speed Reducer.
Market Segmentation
By Company
- FinDreams Technology
- Borgwarner
- Magna International
- GKN
- Wuling
- HOTA Industrial
- Bosch
- Vitesco
- Nidec
- ZF
- Zhuzhou Gear
- American Axle
- Schaeffler
- Tsingshan Industry
- Aichi Machine Industry
- Aisin
- SAGW
- Hyundai Transys Inc
Segment by Type
- Single Stage Type
- Multi Stage Type
Segment by Application
By Region
- North America
- Asia-Pacific
- China
- Japan
- South Korea
- Southeast Asia
- India
- Australia
- Rest of Asia-Pacific
- Europe
- Germany
- France
- U.K.
- Italy
- Netherlands
- Nordic Countries
- Rest of Europe
- Latin America
- Mexico
- Brazil
- Rest of Latin America
- Middle East & Africa
- Turkey
- Saudi Arabia
- UAE
- Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of EV Speed Reducer manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of EV Speed Reducer in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of EV Speed Reducer in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.
Table of Contents
1 Market Overview
- 1.1 EV Speed Reducer Product Introduction
- 1.2 Global EV Speed Reducer Market Size Forecast
- 1.2.1 Global EV Speed Reducer Sales Value (2020-2031)
- 1.2.2 Global EV Speed Reducer Sales Volume (2020-2031)
- 1.2.3 Global EV Speed Reducer Sales Price (2020-2031)
- 1.3 EV Speed Reducer Market Trends & Drivers
- 1.3.1 EV Speed Reducer Industry Trends
- 1.3.2 EV Speed Reducer Market Drivers & Opportunity
- 1.3.3 EV Speed Reducer Market Challenges
- 1.3.4 EV Speed Reducer Market Restraints
- 1.4 Assumptions and Limitations
- 1.5 Study Objectives
- 1.6 Years Considered
2 Competitive Analysis by Company
- 2.1 Global EV Speed Reducer Players Revenue Ranking (2024)
- 2.2 Global EV Speed Reducer Revenue by Company (2020-2025)
- 2.3 Global EV Speed Reducer Players Sales Volume Ranking (2024)
- 2.4 Global EV Speed Reducer Sales Volume by Company Players (2020-2025)
- 2.5 Global EV Speed Reducer Average Price by Company (2020-2025)
- 2.6 Key Manufacturers EV Speed Reducer Manufacturing Base and Headquarters
- 2.7 Key Manufacturers EV Speed Reducer Product Offered
- 2.8 Key Manufacturers Time to Begin Mass Production of EV Speed Reducer
- 2.9 EV Speed Reducer Market Competitive Analysis
- 2.9.1 EV Speed Reducer Market Concentration Rate (2020-2025)
- 2.9.2 Global 5 and 10 Largest Manufacturers by EV Speed Reducer Revenue in 2024
- 2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in EV Speed Reducer as of 2024)
- 2.10 Mergers & Acquisitions, Expansion
3 Segmentation by Type
- 3.1 Introduction by Type
- 3.1.1 Single Stage Type
- 3.1.2 Multi Stage Type
- 3.2 Global EV Speed Reducer Sales Value by Type
- 3.2.1 Global EV Speed Reducer Sales Value by Type (2020 VS 2024 VS 2031)
- 3.2.2 Global EV Speed Reducer Sales Value, by Type (2020-2031)
- 3.2.3 Global EV Speed Reducer Sales Value, by Type (%) (2020-2031)
- 3.3 Global EV Speed Reducer Sales Volume by Type
- 3.3.1 Global EV Speed Reducer Sales Volume by Type (2020 VS 2024 VS 2031)
- 3.3.2 Global EV Speed Reducer Sales Volume, by Type (2020-2031)
- 3.3.3 Global EV Speed Reducer Sales Volume, by Type (%) (2020-2031)
- 3.4 Global EV Speed Reducer Average Price by Type (2020-2031)
4 Segmentation by Application
- 4.1 Introduction by Application
- 4.2 Global EV Speed Reducer Sales Value by Application
- 4.2.1 Global EV Speed Reducer Sales Value by Application (2020 VS 2024 VS 2031)
- 4.2.2 Global EV Speed Reducer Sales Value, by Application (2020-2031)
- 4.2.3 Global EV Speed Reducer Sales Value, by Application (%) (2020-2031)
- 4.3 Global EV Speed Reducer Sales Volume by Application
- 4.3.1 Global EV Speed Reducer Sales Volume by Application (2020 VS 2024 VS 2031)
- 4.3.2 Global EV Speed Reducer Sales Volume, by Application (2020-2031)
- 4.3.3 Global EV Speed Reducer Sales Volume, by Application (%) (2020-2031)
- 4.4 Global EV Speed Reducer Average Price by Application (2020-2031)
5 Segmentation by Region
- 5.1 Global EV Speed Reducer Sales Value by Region
- 5.1.1 Global EV Speed Reducer Sales Value by Region: 2020 VS 2024 VS 2031
- 5.1.2 Global EV Speed Reducer Sales Value by Region (2020-2025)
- 5.1.3 Global EV Speed Reducer Sales Value by Region (2026-2031)
- 5.1.4 Global EV Speed Reducer Sales Value by Region (%), (2020-2031)
- 5.2 Global EV Speed Reducer Sales Volume by Region
- 5.2.1 Global EV Speed Reducer Sales Volume by Region: 2020 VS 2024 VS 2031
- 5.2.2 Global EV Speed Reducer Sales Volume by Region (2020-2025)
- 5.2.3 Global EV Speed Reducer Sales Volume by Region (2026-2031)
- 5.2.4 Global EV Speed Reducer Sales Volume by Region (%), (2020-2031)
- 5.3 Global EV Speed Reducer Average Price by Region (2020-2031)
- 5.4 North America
- 5.4.1 North America EV Speed Reducer Sales Value, 2020-2031
- 5.4.2 North America EV Speed Reducer Sales Value by Country (%), 2024 VS 2031
- 5.5 Europe
- 5.5.1 Europe EV Speed Reducer Sales Value, 2020-2031
- 5.5.2 Europe EV Speed Reducer Sales Value by Country (%), 2024 VS 2031
- 5.6 Asia Pacific
- 5.6.1 Asia Pacific EV Speed Reducer Sales Value, 2020-2031
- 5.6.2 Asia Pacific EV Speed Reducer Sales Value by Region (%), 2024 VS 2031
- 5.7 South America
- 5.7.1 South America EV Speed Reducer Sales Value, 2020-2031
- 5.7.2 South America EV Speed Reducer Sales Value by Country (%), 2024 VS 2031
- 5.8 Middle East & Africa
- 5.8.1 Middle East & Africa EV Speed Reducer Sales Value, 2020-2031
- 5.8.2 Middle East & Africa EV Speed Reducer Sales Value by Country (%), 2024 VS 2031
6 Segmentation by Key Countries/Regions
- 6.1 Key Countries/Regions EV Speed Reducer Sales Value Growth Trends, 2020 VS 2024 VS 2031
- 6.2 Key Countries/Regions EV Speed Reducer Sales Value and Sales Volume
- 6.2.1 Key Countries/Regions EV Speed Reducer Sales Value, 2020-2031
- 6.2.2 Key Countries/Regions EV Speed Reducer Sales Volume, 2020-2031
- 6.3 United States
- 6.3.1 United States EV Speed Reducer Sales Value, 2020-2031
- 6.3.2 United States EV Speed Reducer Sales Value by Type (%), 2024 VS 2031
- 6.3.3 United States EV Speed Reducer Sales Value by Application, 2024 VS 2031
- 6.4 Europe
- 6.4.1 Europe EV Speed Reducer Sales Value, 2020-2031
- 6.4.2 Europe EV Speed Reducer Sales Value by Type (%), 2024 VS 2031
- 6.4.3 Europe EV Speed Reducer Sales Value by Application, 2024 VS 2031
- 6.5 China
- 6.5.1 China EV Speed Reducer Sales Value, 2020-2031
- 6.5.2 China EV Speed Reducer Sales Value by Type (%), 2024 VS 2031
- 6.5.3 China EV Speed Reducer Sales Value by Application, 2024 VS 2031
- 6.6 Japan
- 6.6.1 Japan EV Speed Reducer Sales Value, 2020-2031
- 6.6.2 Japan EV Speed Reducer Sales Value by Type (%), 2024 VS 2031
- 6.6.3 Japan EV Speed Reducer Sales Value by Application, 2024 VS 2031
- 6.7 South Korea
- 6.7.1 South Korea EV Speed Reducer Sales Value, 2020-2031
- 6.7.2 South Korea EV Speed Reducer Sales Value by Type (%), 2024 VS 2031
- 6.7.3 South Korea EV Speed Reducer Sales Value by Application, 2024 VS 2031
- 6.8 Southeast Asia
- 6.8.1 Southeast Asia EV Speed Reducer Sales Value, 2020-2031
- 6.8.2 Southeast Asia EV Speed Reducer Sales Value by Type (%), 2024 VS 2031
- 6.8.3 Southeast Asia EV Speed Reducer Sales Value by Application, 2024 VS 2031
- 6.9 India
- 6.9.1 India EV Speed Reducer Sales Value, 2020-2031
- 6.9.2 India EV Speed Reducer Sales Value by Type (%), 2024 VS 2031
- 6.9.3 India EV Speed Reducer Sales Value by Application, 2024 VS 2031
7 Company Profiles
- 7.1 FinDreams Technology
- 7.1.1 FinDreams Technology Company Information
- 7.1.2 FinDreams Technology Introduction and Business Overview
- 7.1.3 FinDreams Technology EV Speed Reducer Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.1.4 FinDreams Technology EV Speed Reducer Product Offerings
- 7.1.5 FinDreams Technology Recent Development
- 7.2 Borgwarner
- 7.2.1 Borgwarner Company Information
- 7.2.2 Borgwarner Introduction and Business Overview
- 7.2.3 Borgwarner EV Speed Reducer Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.2.4 Borgwarner EV Speed Reducer Product Offerings
- 7.2.5 Borgwarner Recent Development
- 7.3 Magna International
- 7.3.1 Magna International Company Information
- 7.3.2 Magna International Introduction and Business Overview
- 7.3.3 Magna International EV Speed Reducer Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.3.4 Magna International EV Speed Reducer Product Offerings
- 7.3.5 Magna International Recent Development
- 7.4 GKN
- 7.4.1 GKN Company Information
- 7.4.2 GKN Introduction and Business Overview
- 7.4.3 GKN EV Speed Reducer Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.4.4 GKN EV Speed Reducer Product Offerings
- 7.4.5 GKN Recent Development
- 7.5 Wuling
- 7.5.1 Wuling Company Information
- 7.5.2 Wuling Introduction and Business Overview
- 7.5.3 Wuling EV Speed Reducer Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.5.4 Wuling EV Speed Reducer Product Offerings
- 7.5.5 Wuling Recent Development
- 7.6 HOTA Industrial
- 7.6.1 HOTA Industrial Company Information
- 7.6.2 HOTA Industrial Introduction and Business Overview
- 7.6.3 HOTA Industrial EV Speed Reducer Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.6.4 HOTA Industrial EV Speed Reducer Product Offerings
- 7.6.5 HOTA Industrial Recent Development
- 7.7 Bosch
- 7.7.1 Bosch Company Information
- 7.7.2 Bosch Introduction and Business Overview
- 7.7.3 Bosch EV Speed Reducer Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.7.4 Bosch EV Speed Reducer Product Offerings
- 7.7.5 Bosch Recent Development
- 7.8 Vitesco
- 7.8.1 Vitesco Company Information
- 7.8.2 Vitesco Introduction and Business Overview
- 7.8.3 Vitesco EV Speed Reducer Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.8.4 Vitesco EV Speed Reducer Product Offerings
- 7.8.5 Vitesco Recent Development
- 7.9 Nidec
- 7.9.1 Nidec Company Information
- 7.9.2 Nidec Introduction and Business Overview
- 7.9.3 Nidec EV Speed Reducer Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.9.4 Nidec EV Speed Reducer Product Offerings
- 7.9.5 Nidec Recent Development
- 7.10 ZF
- 7.10.1 ZF Company Information
- 7.10.2 ZF Introduction and Business Overview
- 7.10.3 ZF EV Speed Reducer Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.10.4 ZF EV Speed Reducer Product Offerings
- 7.10.5 ZF Recent Development
- 7.11 Zhuzhou Gear
- 7.11.1 Zhuzhou Gear Company Information
- 7.11.2 Zhuzhou Gear Introduction and Business Overview
- 7.11.3 Zhuzhou Gear EV Speed Reducer Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.11.4 Zhuzhou Gear EV Speed Reducer Product Offerings
- 7.11.5 Zhuzhou Gear Recent Development
- 7.12 American Axle
- 7.12.1 American Axle Company Information
- 7.12.2 American Axle Introduction and Business Overview
- 7.12.3 American Axle EV Speed Reducer Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.12.4 American Axle EV Speed Reducer Product Offerings
- 7.12.5 American Axle Recent Development
- 7.13 Schaeffler
- 7.13.1 Schaeffler Company Information
- 7.13.2 Schaeffler Introduction and Business Overview
- 7.13.3 Schaeffler EV Speed Reducer Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.13.4 Schaeffler EV Speed Reducer Product Offerings
- 7.13.5 Schaeffler Recent Development
- 7.14 Tsingshan Industry
- 7.14.1 Tsingshan Industry Company Information
- 7.14.2 Tsingshan Industry Introduction and Business Overview
- 7.14.3 Tsingshan Industry EV Speed Reducer Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.14.4 Tsingshan Industry EV Speed Reducer Product Offerings
- 7.14.5 Tsingshan Industry Recent Development
- 7.15 Aichi Machine Industry
- 7.15.1 Aichi Machine Industry Company Information
- 7.15.2 Aichi Machine Industry Introduction and Business Overview
- 7.15.3 Aichi Machine Industry EV Speed Reducer Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.15.4 Aichi Machine Industry EV Speed Reducer Product Offerings
- 7.15.5 Aichi Machine Industry Recent Development
- 7.16 Aisin
- 7.16.1 Aisin Company Information
- 7.16.2 Aisin Introduction and Business Overview
- 7.16.3 Aisin EV Speed Reducer Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.16.4 Aisin EV Speed Reducer Product Offerings
- 7.16.5 Aisin Recent Development
- 7.17 SAGW
- 7.17.1 SAGW Company Information
- 7.17.2 SAGW Introduction and Business Overview
- 7.17.3 SAGW EV Speed Reducer Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.17.4 SAGW EV Speed Reducer Product Offerings
- 7.17.5 SAGW Recent Development
- 7.18 Hyundai Transys Inc
- 7.18.1 Hyundai Transys Inc Company Information
- 7.18.2 Hyundai Transys Inc Introduction and Business Overview
- 7.18.3 Hyundai Transys Inc EV Speed Reducer Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.18.4 Hyundai Transys Inc EV Speed Reducer Product Offerings
- 7.18.5 Hyundai Transys Inc Recent Development
8 Industry Chain Analysis
- 8.1 EV Speed Reducer Industrial Chain
- 8.2 EV Speed Reducer Upstream Analysis
- 8.2.1 Key Raw Materials
- 8.2.2 Raw Materials Key Suppliers
- 8.2.3 Manufacturing Cost Structure
- 8.3 Midstream Analysis
- 8.4 Downstream Analysis (Customers Analysis)
- 8.5 Sales Model and Sales Channels
- 8.5.1 EV Speed Reducer Sales Model
- 8.5.2 Sales Channel
- 8.5.3 EV Speed Reducer Distributors
9 Research Findings and Conclusion
10 Appendix
- 10.1 Research Methodology
- 10.1.1 Methodology/Research Approach
- 10.1.1.1 Research Programs/Design
- 10.1.1.2 Market Size Estimation
- 10.1.1.3 Market Breakdown and Data Triangulation
- 10.1.2 Data Source
- 10.1.2.1 Secondary Sources
- 10.1.2.2 Primary Sources
- 10.2 Author Details
- 10.3 Disclaimer