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Bus Transmission System Market Trends

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

Bus Transmission System Market Trends

The bus transmission system (BTS) industry is witnessing rising demand, driven largely by the introduction of new products at large industry events. These forums are important venues where manufacturers display transmission technology. Companies introduce impressive designs to deliver bus performance, fuel efficiency, and passenger comfort. Trade fairs and exhibitions, for example, attract a global audience of fleet operators, and cargo companies, allowing them to highlight their latest innovations. Recent launches in these events have introduced advanced dynamic products and automotive transmission system technologies, catering to the growing needs of modern public transport.
 

These new systems promise to significantly improve the fuel economy, emissions reduction, and efficiency for urban planning, and transportation and address the important concerns of the authorities. Discovering and participating in industry events accelerates market acceptance as participants gain first-hand experience with the latest technologies. This direct communication builds trust and accelerates decision-making processes, increasing investment in improved BTS solutions.
 

Consequently, with strategic initiatives and demonstrations at these influential industry forums, the BTS market is poised for significant growth. Citing an instance, in May 2023, ZF announced that it would launch the CeTrax 2 dual electric central drive system for buses in Europe at the UITP Conference in Barcelona. The system has a three-speed transmission combination and low weight of 385 kg, which ZF says makes it easier to handle steep slopes and challenging terrain.
 

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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