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EV Transmission System Market Set to Total USD 53342.8 Million by 2034 Amid Rising Requirement for Lightweight and Efficient Battery Solutions

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Fueled by environmental concerns and government support for electric vehicles, the global EV transmission system industry is experiencing significant growth. Asia, particularly India with its high projected CAGR, is becoming a dominant region due to its manufacturing base and government initiatives. While single-speed transmissions are currently leading the market, technological advancements in response to the rise of autonomous vehicles will likely shape the future of this industry. Collaborations between automakers and suppliers are expected to drive further improvements in efficiency, weight reduction, and overall system performance.

NEWARK, Del., June 13, 2024 /PRNewswire/ — According to Future Market Insights, Inc., the global EV transmission system industry, valued at USD 5157.3 million in 2019, rose at a CAGR of 11.3% from 2019 to 2023. The market reached a value of USD 8799.9 million by 2023. The market is expected to reach a value of USD 10366.2 million in 2024 and USD 53342.8 million by 2034.

Download the Sample PDF report to explore key market insights and trends: https://www.futuremarketinsights.com/reports/sample/rep-gb-16027

The industry’s growth is driven by environmental concerns, government initiatives, and the increasing popularity of single-speed transmissions. Technological advancements and emerging economies are also pushing the market, with Asia emerging as the dominant sector due to its extensive production base and government support.

India is expected to dominate the EV transmission system sector from 2024 to 2034, with a CAGR of 26.5%. China is the global leader, with a CAGR of 19.9%. Spain’s industry is expected to rise by 13.4%. Battery electric vehicles will likely hold a 44.4% value share in 2024.

As autonomous driving technologies become more prevalent, transmission systems are projected to need intelligent interfaces. Technological advancements are driving the expansion of the electric vehicle transmission system market, with strategic partnerships between automakers and suppliers enhancing efficiency, weight reduction, and system performance to meet evolving vehicle requirements.

Key Takeaways from the Market Report

The EV transmission system market is set to reach USD 53342.8 million by 2034 with a CAGR of 17.8%.By vehicle type, battery electric vehicles are leading the market with a value share of 44.4% in 2024.Based on transmission type, the single-speed transmission segment will likely account for a value share of 67.4% in 2024.India is estimated to record a CAGR of 26.5% between 2024 and 2034.China will likely remain dominant and expand at a CAGR of 19.9% by 2034.

Asia Pacific is emerging as the dominant region for the electric automotive industry. Leading countries are anticipated to significantly contribute to the growth of the market in the coming decade,” says Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.).

Who’s Winning?

The EV transmission system industry is poised for steady growth, leading to surging competition among manufacturers. Key players, such as Allison Transmission Inc., Aisin Seiki Co., Ltd., AVL List GmbH, and Continental AG, will need to prioritize lightweight and affordable batteries to meet the evolving requirements of consumers.

The EV transmission system market is growing due to surging global sales. However, it is fragmented, thereby creating opportunities for new entrants. The race for superior transmissions is ongoing, leading to advancements in materials and designs. Manufacturers aim to extend EV range with minimal power loss. Balancing performance, affordability, and efficiency is also crucial. Market consolidation is expected with technology advancements.

Industry Updates

Hyundai and Kia, in November 2023, unveiled the novel EV drivetrain system called the “Uni Wheel,” which can be used on the wheel.Toyota, headquartered in the city of Toyota, in December 2023, announced the launch of a stimulated manual EV transmission featuring up to 14 gears.

Purchase now and gain full access to the EV Transmission System Industry report, featuring comprehensive Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives.

Get More Insights into the EV Transmission System Market Research Report

In its latest report, Future Market Insights (FMI) offers an unbiased analysis of the EV transmission system market, providing historical data from 2019 to 2023 and forecast statistics for the period 2024 to 2034. To understand the industry potential, growth, and scope, the industry is segmented based on vehicle type (battery electric vehicles, plug-in hybrid electric vehicles, and hybrid electric vehicles), transmission type (single speed and multi-speed), transmission system (AMT transmission, CVT transmission, AT transmission, and others), and regions.

About Automotive Division at Future Market Insights 

The Automotive division of FMI offers extensive coverage and valuable insights about the automation industry, including areas such as robotics, artificial intelligence, machine learning, and process automation. Our market research findings and competitive intelligence help various industry stakeholders, including manufacturers, technology providers, distributors, and service providers, make informed decisions and stay updated with the latest market trends and developments.

About the Author:

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

Explore FMI’s Extensive Coverage in the Automotive Domain:

Dual Clutch Transmission Market Analysis by Passenger Vehicles and Commercial Vehicle for 2024 to 2034. – Review and Request to Access the Sample Report.Electric Vehicle Battery Market by Less than 20 kWh, 21 to 40 kWh, More than 41 kWh, Growth Opportunities & Forecast, 2023-2033. – Review and Request to Access the Sample Report.Electric Vehicle Insulation Market By Material, Insulation Type, Application, End-use & Region | Forecast 2023 to 2033. – Review and Request to Access the Sample Report.Automotive Bearing and Clutch Component Aftermarket by Wheel Bearings and Clutch Actuators, 2023 to 2033. – Review and Request to Access the Sample Report.Automotive Diagnostic Scan Tool Market Analysis by Scanners and Code Readers through 2034. – Review and Request to Access the Sample Report.Splash Shield Market Analysis by Plastic and Fiberglass through 2034. – Review and Request to Access the Sample Report.Automotive Test Equipment Market Analysis by Chassis and Engine Dynamometer through 2034. – Review and Request to Access the Sample Report.Machine Condition Monitoring Market Analysis by Oil Analysis and Thermography through 2034. – Review and Request to Access the Sample Report.Automotive Active Safety System Market Analysis by Anti-lock Braking System and Driver Monitoring through 2034. – Review and Request to Access the Sample Report.Vehicle-to-grid Market Analysis by Battery Electric Vehicles and Fuel Cell Vehicles through 2034. – Review and Request to Access the Sample Report.E-rickshaw Market Analysis by Passenger Carrier and Load Carrier through 2034. – Review and Request to Access the Sample Report.

About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading market intelligence and consulting service provider, serving clients in over 150 countries. FMI is headquartered in Dubai and has delivery centers in the UK, the U.S., and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact Us
Future Market Insights Inc.
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Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
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CommonWealth Purchasing Group Announces Strategic Partnership with BridgeHealthAI to Transform Social Care Coordination for FQHCs Nationwide

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CommonWealth Purchasing Group (CPG), the nation’s leading group purchasing organization serving community health centers and nonprofit organizations, is proud to announce a new vendor partnership with BridgeHealthAI, a trailblazer in AI-powered solutions for social care navigation. This strategic partnership enhances CPG’s commitment to delivering transformative, cost-effective tools that support the mission and efficiency of community-based healthcare providers.

BOSTON, May 23, 2025 /PRNewswire-PRWeb/ — CommonWealth Purchasing Group (CPG), the nation’s leading group purchasing organization serving community health centers and nonprofit organizations, is proud to announce a new vendor partnership with BridgeHealthAI, a trailblazer in AI-powered solutions for social care navigation. This strategic partnership enhances CPG’s commitment to delivering transformative, cost-effective tools that support the mission and efficiency of community-based healthcare providers.

“BridgeHealthAI’s offering aligns perfectly with our mission to provide members with the most impactful, forward-thinking solutions in healthcare,” said Rich Napolitano, Executive Director & Senior Vice President of CommonWealth Purchasing Group

BridgeHealthAI is a HIPAA-compliant, AI-powered platform built specifically for Community Health Workers, Social Workers, and Case Managers. Founded at Harvard and MIT by a team with lived experience navigating the safety net, it is a 24/7 assistant that helps care teams do more with less, reducing administrative burden, increasing efficiency, and enabling high-impact, patient-centered care.

With the healthcare landscape demanding faster, more accurate connections to community resources, BridgeHealthAI replaces fragmented tools and hours of manual coordination with one secure, unified system with automation, verified data, and real-time communication.

BridgeHealthAI streamlines the entire workflow — instantly matching patients to verified resources, answering benefit questions in real time, generating and sending multi-lingual care summaries in seconds via SMS, email, or print, enabling two-way communication, and ultimately closing the loop.

At its core, BridgeHealthAI delivers on a simple but powerful promise: speed to Resolution—faster, easier, wiser.

“BridgeHealthAI’s offering aligns perfectly with our mission to provide members with the most impactful, forward-thinking solutions in healthcare,” said Rich Napolitano, Executive Director & Senior Vice President of CommonWealth Purchasing Group “Their technology radically improves how care teams identify resources, close referral loops, and deliver social support — all while saving time and improving patient experience.”

Key Benefits to CPG Members Through BridgeHealthAI Include:

Instant Benefit Matching: Quickly surface eligible local and national resources using a continuously updated, verified resource hub, enriched by care teams and trusted public sources.AI Assistant Support: Access an always-available assistant that answers benefit questions, eligibility criteria, and steps to apply instantly and accurately.Two-Way Communication & Follow-Through: Generate and send multilingual care summaries via SMS, email, or print — and engage in two-way communication to close the loop in real time.Personalization & Collaboration: Save, organize, and share curated resource lists, add internal programs, and rate tools to enable continuous learning across care teams.Built for Speed to Resolution: BridgeHealthAI replaces fragmented workflows with one unified platform — helping care teams resolve social needs faster, easier, and smarter.Fast Start, Future-Ready: The platform requires no EHR integration to launch and can be implemented in weeks. It offers scalable pathways for deeper interoperability as needed.

“This is deeply personal for me. I grew up in a low-income immigrant family that relied on public programs and the compassion of CHWs and social workers — the same care teams we now serve. They are the trusted backbone of our healthcare system, helping families navigate complex systems with dignity and heart.

At BridgeHealthAI, we’re building what they’ve always deserved — a trusted extension of the team that supercharges their ability to do more with less. We take the burden off their shoulders so they can focus on what matters most: the people they serve. That’s why we’re here.” Jinal Shah, CEO of BridgeHealthAI

As part of its ongoing mission, CommonWealth Purchasing Group continues to identify and form alliances with industry leaders that reflect the values of its membership and needs. Through this partnership, CPG members will receive exclusive access and pricing to BridgeHealthAI’s services, underscoring CPG’s mission to continually deliver best-in-class vendors, savings, and service for its nationwide network.

For more information about BridgeHealthAI and the benefits available to CPG members, please visit www.SaveWithCPG.com or contact your CPG Member Resource Consultant.

Media Contact

Phil Dubois, CommonWealth Purchasing Group, 1 6177213677, pdubois@cwpurchasing.com, https://www.cwpurchasing.com/

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SOURCE CommonWealth Purchasing Group

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WTSO Expands Case Club Program, Helping Members Save as Prices Rise Nationwide

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Better Wine Access, More Rewards! Build your own custom 12-bottle case at your pace and earn $10 in Case Club Cash with every case shipped.

MOORESTOWN N.J., May 23, 2025 /PRNewswire-PRWeb/ — More Perks, More Flexibility, and More Ways to Offset Inflation

“WTSO lets you build your perfect case, on your schedule—without compromising on quality or value.”

Wines ‘Til Sold Out (WTSO), a leader in online wine retail, is proud to announce significant enhancements to its popular Case Club membership—designed not only to provide greater value and flexibility, but also to help customers save as WTSO works to mitigate the effects of inflation for its members and community.

With rising costs impacting households across the country, WTSO is doubling down on its commitment to value. The Case Club program now rewards members with $10 in Case Club Cash for every 12-bottle case shipped. Priced at just $59.99 per year, the membership pays for itself with as few as six shipments annually, making it a smart investment for savvy wine buyers looking to stretch their dollar further.

“At a time when prices are going up everywhere, our goal is to offer our customers a way to keep enjoying the wines they love without breaking the bank,” said Julie Blount, Executive Director of Customer Service and Marketing at WTSO. “Case Club gives them the tools to save, select at their own pace, and access exclusive offers they can’t find anywhere else.”

New Member Exclusive Deals: More Savings, More Selection

Launching this month, Member Exclusive Deals introduce deeper discounts and early access to hard-to-find wines, only available to Case Club members. These include:

Special pricing exclusive to Case Club Members OnlyEarly access to rare and low-inventory winesAdditional Savings Customers get rewarded on sale days earning extra Case Club Cash on purchasesDaily rotating wine offers full access to WTSO wine collection

This new benefit is part of WTSO’s broader initiative to help customers find even more value while maintaining quality and discovery in their wine-buying experience.

Case Club Benefits at a Glance:

Build Your Own 12-Bottle Case – Mix and match wines over time from rotating dealsFlexible Shipping – Ship when ready—no preset schedule or pressureFree Storage – WTSO stores your bottles until your case is completeExclusive Member Deals – New weekly offers tailored just for Case Club membersEarn Rewards – $10 in Case Club Cash with every 12-bottle shipment

Whether you’re a casual wine enthusiast or an avid collector, Case Club offers a smarter, more budget-friendly way to enjoy high-quality wines—even in uncertain times.

About WTSO

Wines ‘Til Sold Out (WTSO.com) is a trusted online wine retailer known for daily flash deals, curated wine selections, and industry-leading customer service. Since 2006, WTSO has helped millions of customers discover wines from around the world—all backed by tasting expertise and a 100% satisfaction guarantee.

Media Contact

Julie Blount, wtso.com, 1 856-383-3496, julie@wtso.com, https://www.wtso.com/

Twitter, LinkedIn

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SOURCE wtso.com

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Klear.ai Announces Successful Go-Live with Garden Grove Unified School District

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CYPRESS, Calif., May 23, 2025 /PRNewswire/ — Klear.ai, a leading provider of AI-driven Claims and Risk Management solutions, today announced the successful deployment of its platform at Garden Grove Unified School District (GGUSD). The implementation marks another milestone in Klear.ai’s commitment to modernizing public sector risk and claims operations.

Garden Grove Unified School District (GGUSD) has earned statewide and national recognition for academic excellence and student support. Recent honors include multiple California Distinguished Schools, National Blue Ribbon Schools, and designation as a California Honor Roll District. GGUSD’s innovative ASPIRE mental health program also received the Golden Bell Award, and the district has been recognized with the Broad Prize for Urban Education for closing achievement gaps. These awards reflect GGUSD’s strong performance and commitment to student success.

The go-live follows a collaborative and focused deployment process, delivering a centralized, secure, and highly intuitive system tailored to the needs of one of California’s largest school districts. GGUSD now benefits from Klear.ai’s powerful automation tools, real-time analytics, and native AI features—streamlining incident intake, compliance tracking, and claims oversight.

“We’re proud to support Garden Grove Unified School District on their journey toward digital transformation,” said Ritza Vaughn, Executive Vice President at Klear.ai. “From the outset, this was a true partnership. GGUSD’s commitment to innovation aligns perfectly with our mission to deliver smarter, more efficient solutions for the public sector.”

From a technology perspective, the go-live reflects the strength of Klear.ai’s scalable, cloud-native platform and its proven implementation approach.

“Our team worked closely with GGUSD to ensure a smooth and successful launch,” said Bobby Hunter, Chief Product Officer at Klear.ai. “We tailored the system to their workflows, migrated data securely, and provided hands-on support every step of the way. The result is a platform that’s ready to deliver immediate value—without disruption.”

Klear.ai continues to expand its footprint in education, government, and risk-pool sectors by delivering modern, AI-enabled solutions that reduce administrative burden and enhance decision-making.

About Klear.ai

Klear.ai delivers integrated, AI-powered solutions for policy, claims, risk, and analytics—purpose-built for the modern insurance ecosystem. With Native AI woven into the fabric of the product and a commitment to customer outcomes, Klear.ai empowers carriers, public entities, TPAs, and risk pools to streamline operations, improve decision-making, and reduce costs—at scale.Headquartered in Cypress, California, Klear.ai is consistently recognized for its product excellence, customer satisfaction, and innovative AI capabilities.

For media inquiries, contact:
Shiv Bansal
Marketing Manager
Klear.ai
+1 (619) 343-6260
395691@email4pr.com 
www.klearai.com

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SOURCE Klear.ai

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