Global Bus Transmission System (BTS) Market Size, Top Manufacturers, Growth Factors and Regions Forecast 2024-2032

Bus Transmission System (BTS) Market Size And Forecast

Bus Transmission System (BTS) Market size was valued at USD 38.29 Billion in 2024 and is projected to reach USD 57.44 Billion by 2031, growing at a CAGR of 5.2% from 2024 to 2031.

Rising road congestion in developed & developing countries, increasing demand for improved public transport, and the growing demand for higher gear number buses are expected to drive the bus transmission market over the predicted years. The Global  Bus Transmission System (BTS) Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Bus Transmission System (BTS) Market Definition

The transmission system is a type of gearbox that transmits the power developed by an internal combustion engine to the rear wheel and varies the amount of torque according to vehicle requirement. The transmission system smoothly connects or disconnects the engine with the rest of the power train and maintains the speed ratio between the engine and the drive wheel. More functions of the transmission system help the vehicle to start from rest and transmit the torque only to the required wheel. The arrangement of the transmission and its position depends on whether the vehicle is front-wheel drive or rear-wheel drive.

Bus transmission system usually includes the entire drivetrain which includes components such as a gearbox, clutch, differentials final driveshaft, and driveshaft. Various types of designs available in the bus transmission system are Rear Engine Front Wheel Drive, Front Engine Rear Wheel Drive, and Mid-engine. There are two types of transmissions in these systems i.e. Manual Transmission System and Automatic Transmission System. These systems are used in applications such as Coach Buses, City & Intercity Buses, and School Buses.

Global Bus Transmission System (BTS) Market Overview

Rising road congestion in developed & developing countries and increasing demand for improved public transport are expected to drive the bus transmission market over the predicted years. Also, huge government investment to enhance public transport experience and the growing demand for higher gear number buses expects a boost to the market in the coming years. Furthermore, lower-class & middle-class people who cannot afford personal vehicles rely on the bus transport system. This fact is predicted to fuel the demand for the bus transmission system during the forecasted period. There are certain restraints and challenges faced which can hinder market growth. Factors such as the high cost of advanced automatic transmission systems, high maintenance costs, and less fuel economy may hinder the growth of the market.

Global Bus Transmission System (BTS) Market Segmentation Analysis

The Global Bus Transmission System (BTS) Market is segmented based on Design, Transmission Type, Application, And Geography.

Bus Transmission System (BTS) Market, By Design

• Rear Engine Front Wheel Drive• Front Engine Rear Wheel Drive• Mid-engine

Based on the Design, the market is bifurcated into Rear Engine Front Wheel Drive, Front Engine Rear Wheel Drive, and Mid-engine. Front Engine Rear Wheel Drive is expected to hold the largest market share as they are better balanced and their weight is evenly distributed which makes them less prone to oversteer.

Bus Transmission System (BTS) Market, By Transmission Type

• Manual Transmission System• Automatic Transmission System

Based on the Transmission Type, the market is bifurcated into Manual Transmission System and Automatic Transmission System. The automatic Transmission System is predicted to hold the most significant CAGR in the forecasted period due to fuel and cost-efficiency.

Bus Transmission System (BTS) Market, By Application

• Coach Buses• City & Intercity Buses• School Buses

Based on the Application, the market is bifurcated into Coach Buses, City & Intercity Buses, and School Buses. The application of the bus transmission system in all types of buses due to its various advantages will bolster the market growth in the coming years.

Bus Transmission System (BTS) Market, By Geography

• North America• Europe• Asia Pacific• Rest of the world

On the basis of Geography, the Global Bus Transmission System (BTS) Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. The largest share in the market will be dominated by the Asia Pacific owing to the growing demand for public transport in developing countries such as India & China and focus of major bus manufacturing companies to shift their manufacturing plants in APAC due to cheap labor, favorable government policies, and low-cost production.

Key Players

The “Global Bus Transmission System (BTS) Market” study report will provide a valuable insight with an emphasis on the global market including some of the major players such as ZF Friedrichshafen AG, Daimler AG., Voith GmbH & Co. KGaA, Eaton, AISIN SEIKI Co., Ltd., WABCO, VE Commercial Vehicles Limited, MAN Truck & Bus, RSB Group, and Cardan Shaft India.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.

Key Developments

Partnerships, Collaborations, and Agreements

• In March 2022, The acquisition of all shares in Voith Hydro by Voith from erstwhile joint venture partner Siemens Energy was completed successfully.

• In Dec 2021, ZF has expanded its stake in the Rane TRW Steering Systems joint venture from the Rane Group to 51 percent, making it the dominant stakeholder.

Product Launches and Product Expansions

• In May 2022, ZF introduced the EcoLife CoachLine Transmission System, which provides economical and reliable powershift transmission for coaches with engine torque up to 2,800 Nm.

• In May 2022, Daimler Buses will provide CO2-neutral cars in every sector By 2030, thanks to a two-pronged strategy based on batteries and hydrogen.

• In Feb 2018, Toyota developed a new 6-speed manual gearbox system for the European market. This innovative transmission system’s major advantage is its reduced weight and size.

Report Scope

Research Methodology of Market Research:

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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