Summary
Bus has been always an important part of road transportation for public use. In many of the cities across globe, still buses are the most used mode of transportation for inter and intra city commute. The bus transmission system is a mechanism that transmits the power developed by the engine of the bus to the driving wheels. With the growing need for technological advancements and to cater the demand of growing transportation needs, the OEMs are shifting to develop automatic bus transmission systems. Currently, more than half of the world’s population resides in cities, by the end of 2050, it will be more than 66%. This will create a profound impact on people’s quality of life. Most of the bus transmission systems utilize gasoline & diesel as a fuel. Concurrently, this leads to production of CO2 and other greenhouse gases. Today’s air pollution levels in the cities are already enlightening the limits of a mobile society that depends on bus transit. Furthermore, CO2 emissions are accelerating climate change across the globe. Established players and new players are forced to limit the emissions through manufacturing efficient and eco-friendly bus transmission systems.
Public transport is one of the chief driver of economic growth. Folks in many countries rely on bus transport for inter and intra-city commute. Consequently, bus transmission system is expected experience steady growth rate in the coming years. Another factor that fuels up the bus transmission system market is growing oil and gas prices. This pushes OEMs to optimize the fuel economy in the bus transmission system.
Market Snapshot
A recently published report by OMR Market Research, titled “Global Bus Transmission System Market Size, Status and Forecast 2022” gives an overview of the overall Bus Transmission System market. This section sheds light on key impact-rendering drivers and constraints that are impacting the growth. It permits users to understand the different shortcomings and how they may hamper the development afterward. This segment is considered to be one of the most crucial segments of the report as it helps readers comprehend the impact of various macro and microeconomic factors on development. The role of various sectors, including small-scale and large-scale, in the expansion has also been discussed in the report. Additionally, the industry experts have put forth the current trends and prospects, which are likely to aid the growth in the upcoming years.
The global Bus Transmission System market size is projected to reach US$ 5021 million by 2027, from US$ 1048 million in 2020, at a CAGR of % during 2021-2027.
Impact of Covid-19 Outbreak
This section of the report has explored the overall status of the Covid scenario and has offered valuable insights into the changes in supply chain disruption, fluctuations in demand, etc. The analysts have also focused on the key measures that the companies are opting to withstand the harsh scenario.
Segmental Analysis
The report has been segmented into product and application segments. The researchers have documented all the products present today in the Bus Transmission System market. They have also shed light on the new product innovations and launches by the key players. In the segmental analysis, the analysts have provided revenue forecast figures based on type and application for the period 2016-2027. They have also discussed about the growth rate and potential of each segment for the period 2016-2027.
Bus Transmission System Breakdown Data by Type
Manual Transmission System
Automatic Transmission System
Bus Transmission System Breakdown Data by Application
Coach Buses
City & Intercity Buses
School Buses
Regional Analysis
The significant regions that are studied in the research report encompass North America, Europe, Asia Pacific, Central and South America, and the Middle East and Africa. In this section of the report, the specialists have explored various areas that are contributing to the development and can present lucrative growth prospects for the manufacturers in the forthcoming years. The report also provides region-wise and country-wise sales and revenue forecast data for the period 2021-2027.
Competitive Landscape
This segment focuses on the key players operating in the industry. It underlines all the current and future activities by the prominent manufacturers. By understanding various initiatives being taken up by different players, readers will gain the ability to settle on correct business choices. The authors of the report have provided accurate revenue figures of the companies for the period 2016-2021. The clients are sure to gain the upper hand once they get hold of this report. Key players studied in the research report include
ZF Friedrichshafen
Allison Transmission
Daimler
Voith
Eaton
AISIN SEIKI
WABCO
VE Commercial Vehicles
MAN Truck & Bus
SKF
Frequently Asked Questions
What factors will challenge the Bus Transmission System market growth
Which end-use segment will expand at the fastest CAGR in the Bus Transmission System market
Which are the emerging players in the Bus Transmission System market
How concentrated is the Bus Transmission System market
Which factors are positively contributing to the Bus Transmission System market growth
Which are the novel product innovations in the Bus Transmission System market
Which product segment will emerge as the most lucrative in the Bus Transmission System market
Which factors are increasing the competition in the Bus Transmission System market
Which are the strategic measures taken by the Bus Transmission System industry players
Which region will witness inactive growth during the forecast period.
