Key vendors to focus on emerging markets in the APAC region during the forecast period.
Technavio, a company that develops over 2000 pieces of research every year and covers more than 500 technologies across 80 countries, has announced the top five vendors for the global bus transmission system (BTS) market in their latest research report. This report also lists eight other prominent vendors who are expected to contribute to this market’s growth between 2017-2021.
Competitive vendor landscape
The global bus transmission system market is highly competitive in nature. The market consists of numerous local and regional manufacturers as well as a few international players. APAC had the highest market share in 2016 owing to the presence of numerous strong regional transmission manufacturers like AISIN, Punch Powertrain, JATCO, and IAV. However, North America is expected to be one of the fastest-growing markets owing to the growing popularity of hybrid vehicles with the increasing adoption of automated gearboxes in mid-segment vehicles.
According to Siddharth Jaiswal, a lead analyst at Technavio for research on powertrain, “The market has high growth potential in emerging countries in APAC, especially India. This coupled with the high demand for mild hybrid vehicles in Europe is anticipated to attract new entrants to the market, which will further intensify the competition.”
Top five vendors in the bus transmission system market space:
AISIN develops components and systems for the automotive industry. The company is best known for its car navigation systems, ATs, and hybrid transmission products. It is an expert in developing and providing a range of transmissions system across the market. The company offers CVT and HVT product lines along with the conventional AT products.
Key products: 8-speed AT (TL-80SN), front-wheel drive (FWD) 8-speed AT (AWF8F35), and rear-wheel drive (RWD) 8 speed AT (TR-80SD).
Allison Transmissions is a renowned manufacturer of AT systems for commercial vehicles and hybrid propulsion systems. It has a presence in more than 80 countries around the world. The company’s product portfolio includes a wide range of hybrid propulsion systems and AT systems for commercial vehicles like buses and trucks. It makes AT under the following series: highway series, tractor series, rugged duty series, military series.
Key products: Allison Automatics, Allison Hybrid H 40/50 EP, Bus Series, 5000 Series, and 6000 Series.
Eaton is a power management company that provides energy-efficient solutions for the effective management of electrical, mechanical, and hydraulic power. Its business is divided into five sectors: vehicle, electrical products, electrical systems, hydraulics, and aerospace. The company has operational presence in around than 175 countries around the world and carries out its technical development work in nine centers across seven countries around the world.
Key products: Dual-clutch AT, Heavy Duty At, Heavy Duty MT, Clutches for MT, Clutch Installation Kits, and Detroit truetrac.
Voith is a multi-national corporation in the mechanical engineering sector with worldwide operations. The company’s broad portfolio includes plants, products, and industrial services. Voith’ s four verticals include Voith hydro, Voith paper, Voith industrial services, and Voith turbo.
Key products: DIWA 6, DIWA 5, DIWA 3E, Large hydro-power plants, Pumped storage plants, Facility services, and Engineering services.
ZF Friedrichshafen specializes in design, R&D, and manufacturing activities in the automotive industry. It is a worldwide supplier of driveline and chassis technologies for cars and commercial vehicles as well as specialist plant equipment such as construction equipment. The company has about 230 locations in 40 countries and seven main development locations worldwide with R&D centers in Europe, Asia, and the Americas.
Key products: Automatic transmission, Axle drives, Driveline components, Chassis components, Electronically-powered steering-belt drive, and Electronically-powered steering-column drive.
Browse related reports
- Global Two-Wheeler Transmission System Market 2017-2021
- Global Automotive Flat Boxer Engine Market 2017-2021
- Global Aluminum Crankcase Market 2017-2021
To read more press releases – click here