CAGR Value :
Global EV Speed Reducer market size was valued at USD 483 million in 2024. The market is projected to grow from USD 611 million in 2025 to USD 2,434 million by 2032, exhibiting a CAGR of 26.6% during the forecast period.
Report Studies :
An EV speed reducer is a critical transmission component that reduces the high rotational speed of an electric motor to the appropriate wheel speed while increasing torque. It typically consists of a motor housing, a reducer housing, an input shaft connected to the motor, an output shaft, and a differential gear assembly. The system uses reduction gears and a ring gear to efficiently transfer power from the motor to the vehicle's wheels.
By Types :
Single Stage Type
Stage Type
By Applications :
• Battery Electric Vehicle (BEV)
• Plug-in Hybrid Electric Vehicle (PHEV)
Key Industry Players
• BorgWarner
• HOTA Industrial
• SAGW
• GKN (Dana Incorporated)
• Tsingshan Industry
• ZF Friedrichshafen AG
• Bosch
• Zhuzhou Gear
• Aichi Machine Industry
• Magna International
• HYCET E-Chuang
• Zhejiang Wanliyang