Global Bus Transmission System (BTS) Market 2017-2021

Overview of the global bus transmission system (BTS) market

Technavio’s market research report predicts that the global bus transmission system (BTS) market will grow steadily during the next four years and in terms of units, will post a CAGR of more than 3% during the forecast period. The increasing growth of HEVs over pure EVs is one of the primary drivers for market growth. The key factor in the hybrid electric vehicle (HEV) market is the rising demand for eco-friendly vehicles that run on electricity, hybrid systems, and other power sources.  For pure public transport, the availability of charging infrastructures is needed from the government resulting in lesser pure EV buses and the more of hybrid bus adoption. The incentives and tax credits offered for HEVs by many government bodies and regulatory authorities have driven the car and bus manufacturers to introduce hybrid and EV vehicles in the market. Moreover, the developments in hybrid electric buses have also resulted in the increasing demand and the market is expected to grow further during the forecast period.  It has been observed that by 2015, there were about 86 well-established hybrid electric bus manufacturers and the competition among OEMs is growing higher. These factors will drive growth of the hybrid electric bus market, which will in turn, fuel the growth of the BTS market.

The introduction of the highly efficient lightweight transmissions is one of the latest trends that will contribute to the growth of the market in the future. The rise in the adoption of high-performance HEVs due to their top speeds of 90 mph and above offering quick acceleration from 0 to 60 mph in less than 10 seconds is gaining wide popularity. High power rated hybrid electric powertrain is needed for such quick acceleration. The combined power from the engine and electric motors through transmission leads to faster acceleration. These integrated transmissions and electric component systems help in size and weight reduction resulting in better efficiency. Moreover, the companies are increasingly investing in R&D activities to develop highly-efficient lightweight transmission systems through integrations and downsizing of components.

Competitive analysis and key vendors

The BTS market consists of a limited number of key vendors and many local and regional manufacturers. The competitive environment in this market will intensify with the increasing demand for green vehicles. Also, the high growth potential in the developing markets of APAC such as India and the increased need for mild hybrid vehicles in Europe that will attract new entrants to the market, will also intensify the level of competition among the players in this marketspace.

Key vendors in the market are:

• AISIN
• Allison Transmission
• Eaton
• Voith
• ZF Friedrichshafen

Other prominent vendors include AVL, BorgWarner, Bosch Rexroth, Dynamic Manufacturing, GETRAG, JATCO, Magna International, and Schaeffler.

Geographical segmentation and analysis of the BTS market

• Americas
• APAC
• EMEA

In terms of geography, APAC accounted for the maximum shares of the BTS market during 2016 and is foreseen to continue the domination during the forecast period.  The introduction of stringent regulations and the increased demand for public transport from the developing countries such as India and China, will drive the market’s growth in this region. Additionally, the focus of the major bus manufacturing companies to shift their manufacturing facilities to APAC due to the low-cost production, cheap labor, and favorable government policies that creates a low-cost market for transmission systems and other auto parts, will also propel the market’s growth in this region.

Growth drivers, challenges, and upcoming trends: Integration of transmission with electric drive units

One of the key trends in the HEV and EV markets is the adoption of improved technologies that integrates transmission systems with other powertrain components such as electric motors, power electronics, and controllers. Currently, numerous Tier-1 suppliers are coming up with such integrated systems known as electric drive units fitted to the hybrid and electric transmissions. This helps in reducing the size and weight of the transmission systems. For instance, the electric drive unit made by BorgWarner accommodates the electric motor with its eGearDrive transmission, which offers benefits such as high efficiency, weight reduction, and the ideal use of space.

This report provides a number of factors contributing to the adoption, limitations, and opportunities of the global bus transmission system (BTS) market. It also offers an analysis of each factor and an estimation of the extent to which the factors are likely to impact the overall market growth.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global bus transmission system (BTS) market?
• What are the key market trends impacting the growth of the global bus transmission system (BTS) market?
• What are the challenges to market growth?
• Who are the key vendors in the global bus transmission system (BTS) market?
• What are the market opportunities and threats faced by the vendors in the global bus transmission system (BTS) market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA .
• What are the key outcomes of the five forces analysis of the global bus transmission system (BTS) market?

Technavio also offers customization on reports based on specific client requirement.

A transmission system is a type of gearbox that moderates the power generated from an internal combustion engine to the wheel axel.  This upcoming industry research report from Technavio on the bus transmission system market for the forecast period of 2017 to 2021 will help businesses develop sustainable growth strategies. To provide actionable intelligence alongside the market size of various segments coupled with the breakdown of the market in terms of geographical impact, our industry research experts identify and analyze factors that are crucial for the growth of the automotive sector.

By following an extensive data collection method and covering various factors including the rising demand for a diverse array of products across geographical regions, research analysts at Technavio diagnose the growth prospects of automotive sectors such as automotive services and automotive accessories, which will help clients deliver effective business strategies. According to our market research analyst, the exponentially rising demand for luxury buses and coaches will propel growth in the bus transmission system market in the coming years.  This impending research report on high-performance two-wheelers also considers the growth of the similar markets such as off-road high-performance vehicle  and automotive dual-clutch transmission system market in the automotive sector, which are predicted to steadily grow at a CAGR of around 6% and 10% until 2021. With an extensive analysis of the various parameters, Technavio provides customized reports that support businesses in identifying new growth prospects.

The upcoming report for bus transmission system market also identifies the drivers, forthcoming trends, along with the challenges currently experienced by the automotive component sector. Also, this market research report offers insights into the dynamically changing competitive landscape along with the products and services offered by key vendors and their presence across various geographical regions.