As per the current market trends and the promising nature of the bus transmission system market, it can be estimated that the future holds positive outcomes. In order to provide a deep insight about the concerned market, Fact.MR would be publishing a resourceful analysis that will enclose knowledge about the regional market size, revenue and opportunity status. Readers will be offered the privilege to decode various facets of the market during the period “2018 to 2027”, together with the active access to secondary and primary research methodology. Furthermore, various segments of the market associated to product, application, end-user etc., would also be present in this intelligent research report.
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Prominent players participating in the manufacturing of transmission system have been profiled in this report. Additionally, analysis of key company’s product portfolio, key financials, SWOT, and key strategies to gain competitive advantages have been included in the report. Some of the leading market participants profiled in the report include Mercedes, MAN SE, Iveco, Volvo, Tata Motors, Ashok Leyland. In addition, key developments and innovations of these companies have been incorporated in this report.
Buses are the essential form of rural and urban passenger transport across the globe. Growth in population, rising focus on environmental issues, and shifting mobility patterns are changing face of public transport. They also play a crucial role in connecting various modes of urban transit. Further, buses are one of the most affordable mode of passenger transport. As developing economies around the globe focus on revamping their public transport infrastructure, it is highly likely that reliance on personal modes of commute, such as cars and two-wheelers will witness a decline. Demand for buses that are fuel-efficient, light-weight, and comfortable is likely to gain traction during the assessment period.
Bus Transmission Market: Key Developments in Competitive Landscape
Currently, tourism industry is experiencing a strong growth due to increases number of foreign and residential tourists and it is the largest end-user of transmission systems. To accommodate increasing requirement of buses from tourism sector, manufacturers are focusing on increasing their production capacity. For instance, Ashok Leyland has lined up series of investments for the year ahead which will be utilized for the development of new vehicles and to improve technology. The automotive giant has recently started construction of new production facility in Andhra Pradesh. This manufacturing facility is likely to be utilized for the manufacturing of buses and trucks.
Bus Transmission Market: Key Product Launches
Toyota has developed a new manual 6-speed transmission system, especially for European market. The key feature of this advanced transmission system is its lower weight and reduced size. According to Toyota, the new system is 7 kgs lighter and 24 shorter as compared to existing versions. The system is touted as one of the smallest transmission across the globe. Owing to its reduce size and weight, it is likely to offer better fuel-efficiency. This transmission system comes equipped with intelligent manual transmission controls (iMT) that ensures smooth gear shift by automatically adjusting engine revolutions when changing gears. The innovations in the development of bus transmission systems are likely to open new avenues of growth for market participants.
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Bus Transmission System Market Opportunities for Market Participants
Government offices, private schools, various companies and hospitals provide transportation facility to their employees, students and patients. Increasing competition between private companies to provide transportation facilities to their employees will further increase demand for buses which ultimately will influence demand for transportation system. In addition, retail e-commerce packaging and transportation is gaining high traction owing to rapidly growing e-commerce industry. Transportation of goods is usually carried out through trucks. Thereby, increasing demand for trucks will positively influence the growth of transmission system market.
However, stringent government regulations regarding green environment combined with growing awareness related to use of battery-operated vehicles among people will cause manufacturing of diesel-operated vehicles. On the other hand, this trend will result in increased adoption of electric-buses, bringing opportunities for vehicle manufacturer to develop efficient and more powerful transmission system for electric-buses.
Bus Transmission System Market: Key Restraints
Driving on congested roads and heavy traffic continues to be a challenge for bus drivers. The challenge becomes more pronounced when drivers are using manual transmission systems. Although automatic transmission systems have reduced these challenges to an extent, high cost of such systems continues to be a barrier to widespread adoption. Further, low mileage of automatic transmission systems as compared to manual transmission systems is another key deterrent. The maintenance cost of automatic transmission systems is also higher, due to which manual transmission systems continue to be the preferred option, especially in developing countries.
Overall, the research study bus transmission system market offers in-depth analysis on the key factors that are likely to shape this landscape for the period 2018-2027. Readers can expect holistic analysis and insights on the strategies adopted by key players in this market. The insights offered in the report can help stakeholders in gaining a holistic perspective on the future of bus transmission market.
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