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Bus Transmission System Market Analysis

  • Report ID: GMI9915
  • Published Date: Jun 2024
  • Report Format: PDF

Bus Transmission System Market Analysis

Based on transmission, the market is divided into manual transmission system and automatic transmission system. The automatic transmission system segment was valued at over USD 12 billion in 2023. These systems offer many advantages over traditional manual transmissions, such as improved fuel efficiency, reduced driver fatigue, smooth driving, and automatic transmissions that enhance the driving experience.
 

Furthermore, the automotive transmission system is compatible with more advanced public transport solutions with less pressure on the environment. Bus builders are increasingly adopting these systems to comply with stringent emissions regulations and reduce operating costs. The convenience, reliability, and efficiency of automatic transmission systems are the major demand drivers, contributing to the growth of the overall market.
 

Bus Transmission System (BTS) Market Share, By Drive, 2023

Based on drive, the bus transmission system market is categorized into front wheel drive and rear wheel drive. The front wheel drive segment is anticipated to register a CAGR of over 4.5% from 2024 to 2032. FWD systems offer several benefits, such as better fuel efficiency, reduced weight, and increased interior space, which are particularly useful for urban buses. These systems for the drive train system are simpler, resulting in lower maintenance costs and higher reliability.
 

In addition, FWD buses provide good traction and dynamics especially in bad weather conditions, making them the preferred choice for public transport which works in a variety of environments. Manufacturers develop new BTSs specifically for FWD to provide performance and durability to meet the needs of modern transport systems. The emphasis on efficient, reliable, and cost-effective solutions is driving the growing demand for BTS in front-wheel drive buses.
 

China Bus Transmission System (BTS) Market Size, 2022 -2032, (USD Billion)

Asia Pacific dominated the global bus transmission system market with a major share of over 40% in 2023, due to rapid urbanization, expanded public transport infrastructure, and infrastructure development, especially those that offer fuel efficiency and low cost in terms of maintenance. The increasing adoption of electric and hybrid buses in the region is increasing the need for innovative infrastructure that can support this technology. Manufacturers are meeting the needs of the Asia-Pacific market by introducing advanced transmission solutions, contributing to the strong growth of the region’s public transport sector.
 

The bus transit system (BTS) industry in the U.S. is increasingly important due to the push for a more modern and sustainable public transport system. Increasing state and national investment in infrastructure is driving the need for an advanced bus transport system which are effective and environmentally friendly. In addition, the emphasis on reducing operating costs and improving passenger comfort is driving the use of automated transmission systems. Leading manufacturers are introducing cutting-edge BTS technologies to meet these demands, ensuring that the U.S. can meet these demands.
 

In Europe, the bus transmission system market is significantly driven by stringent environmental regulations aimed at reducing emissions and improving air quality. The European Union's policies, such as the Euro VI emission standards, are pushing public transportation providers to adopt advanced transmission technologies, including hybrid and electric systems. Additionally, increasing investments in sustainable urban mobility and government incentives for clean energy public transport solutions further propel the demand for modern, efficient bus transmission systems across the region. These initiatives are crucial in supporting Europe's commitment to environmental sustainability and energy efficiency?.
 

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of bus transmission system (BTS) reached USD 21.3 billion in 2023 and is set to witness over 5% CAGR from 2024 to 2032, due to the rising innovations and product introductions by leading companies.

The automatic transmission system segment in the bus transmission system industry accounted for over USD 12 billion in 2023, as these systems offer many advantages over traditional manual transmissions, such as improved fuel efficiency, reduced driver fatigue and smooth driving.

The front wheel drive segment in the bus transmission system (BTS) market is projected to grow at over 4.5% CAGR between 2024 and 2032, as these systems offer several benefits, such as better fuel efficiency, reduced weight, and increased interior space, which are particularly useful for urban buses.

Asia Pacific market accounted for over 40% share in 2023, owing to rapid urbanization, expanded public transport infrastructure, and infrastructure development in the region.

Bus Transmission System Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 285
  • Countries covered: 25
  • Pages: 265
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