Global Bus Transmission System (BTS) Market 2017-2021
About Bus Transmission System (BTS)
Transmission forms a key function of vehicle powertrain. It is a type of gearbox that controls the power generated from an internal combustion engine to the wheel axel. Generally, an automotive transmission includes the entire drivetrain, which comprises components such as a gearbox, clutch, prop shaft, drive shafts, and differentials. Currently, different transmission types are used in vehicles, which include manual transmission (MT) and AT.
Technavio’s analysts forecast the global bus transmission system (BTS) market to grow at a CAGR of 3.41% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global bus transmission system (BTS) market for 2017-2021. To calculate the market size, the report considers the sales volume and exclude the retrofit/replacement/spares/aftermarket/services market.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Bus Transmission System (BTS) Market 2017-2021
Technavio recognizes the following companies as the key players in the global bus transmission system (BTS) market: AISIN, Allison Transmission, Eaton, Voith, and ZF Friedrichshafen.
Other Prominent Vendors in the market are: AVL, BorgWarner, Bosch Rexroth, Dynamic Manufacturing, GETRAG, JATCO, Magna International, and Schaeffler.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is transmission systems with higher number of gears. Automotive powertrain has the primary function to power the vehicle. A powertrain consists of engine, transmission, and other drivetrain components. As the technology progresses, many mechanical components in the transmission systems are being replaced with electric and electronic units. This has led to an overall increase in the transmission efficiency. With the fast switching through electronic circuits, the gearshifts have become faster and accurate, without any loss of tractive force. Also, the timing of the shift is continuously changed to adapt to the driving conditions.”
According to the report, one of the major drivers for this market is increasing traffic congestion in developed and developing nations, leading to rise in public transports. Road traffic jams continue to be a major hurdle in most of the developed economies across the globe, which leads to delays, monetary loss, and fuel wastage.
Further, the report states that one of the major factors hindering the growth of this market is high cost of AT. AT systems are of higher cost compared with conventional MTs owing to the high number of electronic control units (ECUs) and electrification involved in it. For instance, HVTS accounts for approximately 20% of the cost of a hybrid system in a hybrid bus. OEMs face difficulties in maintaining their profitability, as the cost of installing this system is high. Also, the cost of the components used in the manufacture of ATs and the design and quality control costs are high, which add to the overall cost of production.
AISIN, Allison Transmission, Eaton, Voith, ZF Friedrichshafen, AVL, BorgWarner, Bosch Rexroth, Dynamic Manufacturing, GETRAG, JATCO, Magna International, and Schaeffler.