Press Release

Amid Ukraine-Russia crisis, our analysts and industry experts are closely monitoring the markets and working hard to identify, gather and timely deliver analysis of the impact of the situation and the impact that it has on various markets. All our reports are updated with the latest impact on the market before being sent out to our customers.

Global Bus Rapid Transit (BRT) Market to Grow at a CAGR of 7.00% During the Period 2022-2027, Driven by Development of Cities

According to a new report by EMR titled, ‘Global Bus Rapid Transit (BRT) Market Report and Forecast 2022-2027’, the global bus rapid transit (BRT) market is expected to grow at a CAGR of 7.00% during the period 2022-2027, led by need for efficient public transport systems.

The global bus rapid transit (BRT) market is expected to be driven by development of cities and growing need for mobility and safe and efficient public transport systems. North America, Europe and Asia are expected to be key markets.

Bus rapid transit (BRT) systems have become increasingly popular across the globe as these offer relatively economical alternatives to costlier investments needed to develop urban rail systems. A good bus rapid transit (BRT) system includes:

Dedicated bus lanes – Bus rapid transit (BRT) buses operate in lanes specified for these buses. Where there are double lanes, permitting express lines on the same route, a free route further on enables reliable and timely operations.

High-capacity buses – High-capacity buses enable transportation of a larger number of passengers. On busy, routes, frequent departures enable quick pick up and drop and avoid congestion.

Pre-paid tickets – Prepayment of tickets enables efficiency and quick boarding and exit.

Level boarding – Good bus rapid transport (BRT) systems feature platforms with the same height as that of the bus floor. This helps in quick and easy boarding, and is especially beneficial for the elderly and those with functional disability.

Online passenger information – An efficient bus rapid transport (BRT) system includes a robust traffic management system which enables the passengers to know bus arrivals and departures through real-time information sharing.

Bus rapid transport systems are developing across the globe. For example, in 2021, Tata Motors delivered 60 Ultra Urban 9/9 electric buses to Ahmedabad Janmarg Limited (AJL) to be run on Ahmedabad’s Bus Rapid Transit System (BRTS) corridor. The 24-seater zero-emission buses were supplied under the FAME II initiative through a Gross Cost Contract (GCC) with AJL. Tata Motors would also set up needed charging infrastructure and support systems for efficient functioning of the buses.

In 2022, Fairfax County, Northern Virginia Transportation Authority (NVTA), Virginia Department of Transportation (VDOT) and other stakeholders disclosed the new brand of the future Richmond Highway Bus Rapid Transit (BRT) system. The brand reveal was a significant step towards the construction of a modern, high-quality public transportation system along the Route 1 corridor. The bus rapid transit (BRT) system, along with the simultaneous broadening of Route 1 were part of a $1 billion investment to rejuvenate Richmond Highway.

Key Findings of the Report:

  • The need to modernize public transportation systems is expected to drive the market. 
  • Increasing concerns towards environmental issues and the need to devise eco-friendly mass mobility solutions are expected to stimulate the market.  
  • North America, Europe and Asia are expected to be key markets. 

Market Analysis by Bus Type, System Type, Fuel Type, Application and Region:

  • By bus type, the market is segmented into Standard, Articulated and Others.
  • By system type, the market is classified into Open BRT System, Closed BRT System, Hybrid BRT System and Others.
  • By fuel type, the market is divided into Diesel, Natural Gas and Others.
  • By application, the market is segmented into Urban Areas and Others.
  • By region, the market is divided into North America, Europe, Asia Pacific, Latin America and Middle East and Africa.

About Us

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium-sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

Contact Us:

Expert Market Research
Website: www.expertmarketresearch.com
Email: sales@expertmarketresearch.com
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

Why Expert Market Research?

Right People

We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.

Right Methodology

We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.

Right Price

We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.

Right Support

Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.

Similar Reports





NEWSLETTER