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Global Bus Rapid Transit (BRT) Market: By Bus Type: Standard, Articulated, Others; By System Type: Open BRT System, Closed BRT System, Hybrid BRT System, Others; By Fuel Type; By Application; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global Bus Rapid Transit (BRT) Market Outlook

The global bus rapid transit (BRT) market is expected to grow at a CAGR of 7.00% during the period 2023-2028. The market is expected to be driven by growth of cities, increasing need for mobility and safe and efficient public transport systems.

 

Global Bus Rapid Transit (BRT) Market

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Market Likely to be Driven by Rapid Growth of Cities and Need for Efficient Transport Systems

Efficient bus rapid transit (BRT) systems assist growth and support a population’s quality of life; such systems enable shorter travel time, decreased traffic congestion, lesser traffic accidents and positive socio-economic impacts. These factors are significant drivers. 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. High quality bus-based systems are able to offer superior services to low density settlements in suburban markets and small to moderate sized towns through the flexibility offered by rubber tyre systems; the same vehicle can be used to offer quick line haul services on a reserved bus lane as well as a feeder vehicle to pick and drop customers on local roads.

 

Bus Rapid Transit (BRT) Allows Delivery of Superior Services

Superior services are enabled through dedicated lanes, alignment of busways and stations towards the centre of the road, off-board collection of fare, and fast and regular operations. While bus rapid transit (BRT) systems are similar to light rail or metro systems, these are more convenient, quick and reliable than conventional bus services. If properly planned and executed, bus rapid transit (BRT) systems avoid delays caused by slower, conventional bus service systems generally characterized by traffic jams and queues to pay on board. Bus rapid transit (BRT) may be implemented in several ways. While even fundamental applications may help resolve acute traffic problems, an entire system can significantly change the structure of an urban district. These advantages are expected to contribute to the growth of the global bus rapid transit (BRT) market.

A bus rapid transit (BRT) corridor refers to a segment of road or adjoining roads served by one or more bus routes with at least three kilometres (1.9 miles) of dedicated bus lanes. The BRT Standard is to be applied to particular bus rapid transit (BRT) corridors and not to an entire bus rapid transit (BRT) system as the quality of bus rapid transit (BRT) varies with city. A corridor is considered bus rapid transit (BRT) if it:

  • Is of minimum three kilometres in length with dedicated lanes.
  • Scores 4 points or above in dedicated right-of-way element.
  • Scores 4 points or above in busway alignment element. 
  • Scores 20 points or above across all five Bus Rapid Transit (BRT) Basics element.

 

Socioeconomic and Environmental Benefits Offered by Bus Rapid Transit (BRT) Systems Expected to Boost the Global Bus Rapid Transit (BRT) Market

Efficiently designed and executed bus rapid transit (BRT) systems can help reduce air and noise pollution by reducing the number of private vehicles required to run on the road. After the opening of the TransMilenio network in Bogota, Colombia, in the year 2000, a significant reduction in accidents and emissions was reported. Thus, bus rapid transit (BRT) systems lead to enhanced quality of life of city residents, and socioeconomic benefits. In the long-term, bus rapid transit (BRT) systems help local businesses prosper and new businesses take place along the corridor. This in turn stimulates property prices, creates job opportunities and strengthens the local economy.

 

Market Segmentation

 

Global Bus Rapid Transit (BRT) Market by Segments

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By bus type, the market is segmented into:

  • Standard 
  • Articulated
  • Others

By system type, the market is classified into:

  • Open BRT System
  • Closed BRT System
  • Hybrid BRT System 
  • Others

By fuel type, the market is divided into:

  • Diesel
  • Natural Gas
  • Others

By application, the market is segmented into:

  • Urban Areas
  • Others

By region, the market is divided into:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

 

Global Bus Rapid Transit (BRT) Market by Region

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Key Industry Players in the Global Bus Rapid Transit (BRT) Market

The report presents a detailed analysis of the following key players in the market, looking into their capacity, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • AB Volvo.
  • Tata Motors Limited
  • MAN Truck & Bus SE
  • Ashok Leyland Limited
  • Zhengzhou Yutong Bus Co., Ltd.
  • Xiamen King Long United Automotive Industry Co., Ltd
  • BYD Motors Inc.
  • Others

The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Bus Type
  • System Type
  • Fuel Type
  • Application
  • Region
Breakup by Bus Type
  • Standard
  • Articulated
  • Others
Breakup by System Type
  • Open BRT System
  • Closed BRT System
  • Hybrid BRT System
  • Others
Breakup by Fuel Type
  • Diesel
  • Natural Gas
  • Others
Breakup by Application
  • Urban Areas
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • AB Volvo.
  • Tata Motors Limited
  • MAN Truck & Bus SE
  • Ashok Leyland Limited
  • Zhengzhou Yutong Bus Co., Ltd.
  • Xiamen King Long United Automotive Industry Co., Ltd
  • BYD Motors Inc.
  • Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Bus Rapid Transit (BRT) Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Bus Rapid Transit (BRT) Historical Market (2018-2022) 
    8.3    Global Bus Rapid Transit (BRT) Market Forecast (2023-2028)
    8.4    Global Bus Rapid Transit (BRT) Market by Bus Type
        8.4.1    Standard 
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2018-2022)
            8.4.1.3    Forecast Trend (2023-2028)
        8.4.2    Articulated
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2022)
            8.4.2.3    Forecast Trend (2023-2028)
        8.4.3    Others
    8.5    Global Bus Rapid Transit (BRT) Market by System Type
        8.5.1    Open BRT System
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2018-2022)
            8.5.1.3    Forecast Trend (2023-2028)
        8.5.2    Closed BRT System
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2022)
            8.5.2.3    Forecast Trend (2023-2028)
        8.5.3    Hybrid BRT System 
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2018-2022)
            8.5.3.3    Forecast Trend (2023-2028)
        8.5.4    Others
    8.6    Global Bus Rapid Transit (BRT) Market by Fuel Type
        8.6.1    Diesel
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2018-2022)
            8.6.1.3    Forecast Trend (2023-2028)
        8.6.2    Natural Gas
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2018-2022)
            8.6.2.3    Forecast Trend (2023-2028)
        8.6.3    Others
    8.7    Global Bus Rapid Transit (BRT) Market by Application
        8.7.1    Urban Areas
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2018-2022)
            8.7.1.3    Forecast Trend (2023-2028)
        8.7.2    Others
    8.8    Global Bus Rapid Transit (BRT) Market by Region       
        8.8.1    North America
            8.8.1.1    Market Share
            8.8.1.2    Historical Trend (2018-2022) 
            8.8.1.3    Forecast Trend (2023-2028)
        8.8.2    Europe
            8.8.2.1    Market Share
            8.8.2.2    Historical Trend (2018-2022) 
            8.8.2.3    Forecast Trend (2023-2028)
        8.8.3    Asia Pacific
            8.8.3.1    Market Share
            8.8.3.2    Historical Trend (2018-2022) 
            8.8.3.3    Forecast Trend (2023-2028)
        8.8.4    Latin America
            8.8.4.1    Market Share
            8.8.4.2    Historical Trend (2018-2022) 
            8.8.4.3    Forecast Trend (2023-2028)
        8.8.5    Middle East and Africa
            8.8.5.1    Market Share
            8.8.5.2    Historical Trend (2018-2022) 
            8.8.5.3    Forecast Trend (2023-2028)
9    North America Bus Rapid Transit (BRT) Market Analysis
    9.1    United States of America 
        9.1.1    Market Share
        9.1.2    Historical Trend (2018-2022) 
        9.1.3    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Market Share
        9.2.2    Historical Trend (2018-2022) 
        9.2.3    Forecast Trend (2023-2028)
10    Europe Bus Rapid Transit (BRT) Market Analysis
    10.1    United Kingdom
        10.1.1    Market Share
        10.1.2    Historical Trend (2018-2022) 
        10.1.3    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Market Share
        10.2.2    Historical Trend (2018-2022) 
        10.2.3    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Market Share
        10.3.2    Historical Trend (2018-2022) 
        10.3.3    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Market Share
        10.4.2    Historical Trend (2018-2022) 
        10.4.3    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific Bus Rapid Transit (BRT) Market Analysis
    11.1    China
        11.1.1    Market Share
        11.1.2    Historical Trend (2018-2022) 
        11.1.3    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Market Share
        11.2.2    Historical Trend (2018-2022) 
        11.2.3    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Market Share
        11.3.2    Historical Trend (2018-2022) 
        11.3.3    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Market Share
        11.4.2    Historical Trend (2018-2022) 
        11.4.3    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Market Share
        11.5.2    Historical Trend (2018-2022) 
        11.5.3    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America Bus Rapid Transit (BRT) Market Analysis
    12.1    Brazil
        12.1.1    Market Share
        12.1.2    Historical Trend (2018-2022) 
        12.1.3    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Market Share
        12.2.2    Historical Trend (2018-2022) 
        12.2.3    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Market Share
        12.3.2    Historical Trend (2018-2022) 
        12.3.3    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa Bus Rapid Transit (BRT) Market Analysis
    13.1    Saudi Arabia
        13.1.1    Market Share
        13.1.2    Historical Trend (2018-2022) 
        13.1.3    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Market Share
        13.2.2    Historical Trend (2018-2022) 
        13.2.3    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Market Share
        13.3.2    Historical Trend (2018-2022) 
        13.3.3    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Market Share
        13.4.2    Historical Trend (2018-2022) 
        13.4.3    Forecast Trend (2023-2028)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Competitive Landscape
    15.1    Market Structure
    15.2    Company Profiles
        15.2.1    AB Volvo.
            15.2.1.1    Company Overview
            15.2.1.2    Product Portfolio
            15.2.1.3    Demographic Reach and Achievements
            15.2.1.4    Certifications
        15.2.2    Tata Motors Limited
            15.2.2.1    Company Overview
            15.2.2.2    Product Portfolio
            15.2.2.3    Demographic Reach and Achievements
            15.2.2.4    Certifications
        15.2.3    MAN Truck & Bus SE
            15.2.3.1    Company Overview
            15.2.3.2    Product Portfolio
            15.2.3.3    Demographic Reach and Achievements
            15.2.3.4    Certifications
        15.2.4    Ashok Leyland Limited
            15.2.4.1    Company Overview
            15.2.4.2    Product Portfolio
            15.2.4.3    Demographic Reach and Achievements
            15.2.4.4    Certifications
        15.2.5    Zhengzhou Yutong Bus Co., Ltd.
            15.2.5.1    Company Overview
            15.2.5.2    Product Portfolio
            15.2.5.3    Demographic Reach and Achievements
            15.2.5.4    Certifications
        15.2.6    Xiamen King Long United Automotive Industry Co., Ltd
            15.2.6.1    Company Overview
            15.2.6.2    Product Portfolio
            15.2.6.3    Demographic Reach and Achievements
            15.2.6.4    Certifications
        15.2.7    BYD Motors Inc.
            15.2.7.1    Company Overview
            15.2.7.2    Product Portfolio
            15.2.7.3    Demographic Reach and Achievements
            15.2.7.4    Certifications
        15.2.8    Others
16    Key Trends and Developments in the Market

 

List of Figures and Tables

1.    Global Bus Rapid Transit (BRT) Market: Key Industry Highlights, 2018 and 2028
2.    Global Bus Rapid Transit (BRT) Historical Market: Breakup by Bus Type (USD Million), 2018-2022
3.    Global Bus Rapid Transit (BRT) Market Forecast: Breakup by Bus Type (USD Million), 2023-2028
4.    Global Bus Rapid Transit (BRT) Historical Market: Breakup by System Type (USD Million), 2018-2022
5.    Global Bus Rapid Transit (BRT) Market Forecast: Breakup by System Type (USD Million), 2023-2028
6.    Global Bus Rapid Transit (BRT) Historical Market: Breakup by Fuel Type (USD Million), 2018-2022
7.    Global Bus Rapid Transit (BRT) Market Forecast: Breakup by Fuel Type (USD Million), 2023-2028
8.    Global Bus Rapid Transit (BRT) Historical Market: Breakup by Application (USD Million), 2018-2022
9.    Global Bus Rapid Transit (BRT) Market Forecast: Breakup by Application (USD Million), 2023-2028
10.    Global Bus Rapid Transit (BRT) Historical Market: Breakup by Region (USD Million), 2018-2022
11.    Global Bus Rapid Transit (BRT) Market Forecast: Breakup by Region (USD Million), 2023-2028
12.    North America Bus Rapid Transit (BRT) Historical Market: Breakup by Country (USD Million), 2018-2022
13.    North America Bus Rapid Transit (BRT) Market Forecast: Breakup by Country (USD Million), 2023-2028
14.    Europe Bus Rapid Transit (BRT) Historical Market: Breakup by Country (USD Million), 2018-2022
15.    Europe Bus Rapid Transit (BRT) Market Forecast: Breakup by Country (USD Million), 2023-2028
16.    Asia Pacific Bus Rapid Transit (BRT) Historical Market: Breakup by Country (USD Million), 2018-2022
17.    Asia Pacific Bus Rapid Transit (BRT) Market Forecast: Breakup by Country (USD Million), 2023-2028
18.    Latin America Bus Rapid Transit (BRT) Historical Market: Breakup by Country (USD Million), 2018-2022
19.    Latin America Bus Rapid Transit (BRT) Market Forecast: Breakup by Country (USD Million), 2023-2028
20.    Middle East and Africa Bus Rapid Transit (BRT) Historical Market: Breakup by Country (USD Million), 2018-2022
21.    Middle East and Africa Bus Rapid Transit (BRT) Market Forecast: Breakup by Country (USD Million), 2023-2028
22.    Global Bus Rapid Transit (BRT) Market Structure

Key Questions Answered in the Report

The global bus rapid transit (BRT) market is projected to grow at a CAGR of 7.00% between 2023 and 2028.

The major drivers of the market include rapid urbanisation, implementation of favourable government policies, infrastructural development, utilisation of advanced communication technologies, and reducing the risks of accidents and injuries.

Rapid growth of cities and need for efficient transport systems are the key industry trends propelling the market's growth.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

Based on the bus type, the market is segmented into standard and articulated, among others.

Based on system type, the market is divided into open BRT system, closed BRT system, and hybrid BRT system, among others.

The different types of fuels include diesel and natural gas, among others.

The significant applications of the market are urban areas, among others.

The major players in the industry are AB Volvo., Tata Motors Limited, MAN Truck & Bus SE, Ashok Leyland Limited, Zhengzhou Yutong Bus Co., Ltd., Xiamen King Long United Automotive Industry Co., Ltd, and BYD Motors Inc., among others.

Analyst Review

The global bus rapid transit (BRT) market was driven by the need for efficient transport systems in the historical period. Aided by rapid urbanisation and implementation of favourable government policies, the market is expected to witness further growth in the forecast period of 2023-2028, growing at a CAGR of 7.00%.

EMR's meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on the bus type, the market is segmented into standard and articulated, among others. Based on system type, the market is divided into open BRT system, closed BRT system, and hybrid BRT system, among others. The different types of fuels include diesel and natural gas, among others. The significant applications of the market are urban areas, among others. The major regional markets for bus rapid transit (BRT) are North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa. The major players in the industry are AB Volvo., Tata Motors Limited, MAN Truck & Bus SE, Ashok Leyland Limited, Zhengzhou Yutong Bus Co., Ltd., Xiamen King Long United Automotive Industry Co., Ltd, and BYD Motors Inc., among others.

EMR's research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable and help them remain ahead of their competition.

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