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Global Bus Rapid Transit (BRT) Market Size, Share, Growth: 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; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032
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 2024-2032. The market is expected to be driven by growth of cities, increasing need for mobility and safe and efficient public transport systems.
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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
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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
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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 | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Bus Type |
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| Breakup by System Type |
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| Breakup by Fuel Type |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| 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. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
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 (2018-2023)
8.3 Global Bus Rapid Transit (BRT) Market Forecast (2024-2032)
8.4 Global Bus Rapid Transit (BRT) Market by Bus Type
8.4.1 Standard
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Articulated
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
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 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Closed BRT System
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Hybrid BRT System
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Others
8.6 Global Bus Rapid Transit (BRT) Market by Fuel Type
8.6.1 Diesel
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Natural Gas
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Others
8.7 Global Bus Rapid Transit (BRT) Market by Application
8.7.1 Urban Areas
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Others
8.8 Global Bus Rapid Transit (BRT) Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
8.8.5 Middle East and Africa
8.8.5.1 Historical Trend (2018-2023)
8.8.5.2 Forecast Trend (2024-2032)
9 North America Bus Rapid Transit (BRT) Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Bus Rapid Transit (BRT) Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Bus Rapid Transit (BRT) Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Bus Rapid Transit (BRT) Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Bus Rapid Transit (BRT) Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
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 2032
2. Global Bus Rapid Transit (BRT) Historical Market: Breakup by Bus Type (USD Million), 2018-2023
3. Global Bus Rapid Transit (BRT) Market Forecast: Breakup by Bus Type (USD Million), 2024-2032
4. Global Bus Rapid Transit (BRT) Historical Market: Breakup by System Type (USD Million), 2018-2023
5. Global Bus Rapid Transit (BRT) Market Forecast: Breakup by System Type (USD Million), 2024-2032
6. Global Bus Rapid Transit (BRT) Historical Market: Breakup by Fuel Type (USD Million), 2018-2023
7. Global Bus Rapid Transit (BRT) Market Forecast: Breakup by Fuel Type (USD Million), 2024-2032
8. Global Bus Rapid Transit (BRT) Historical Market: Breakup by Application (USD Million), 2018-2023
9. Global Bus Rapid Transit (BRT) Market Forecast: Breakup by Application (USD Million), 2024-2032
10. Global Bus Rapid Transit (BRT) Historical Market: Breakup by Region (USD Million), 2018-2023
11. Global Bus Rapid Transit (BRT) Market Forecast: Breakup by Region (USD Million), 2024-2032
12. North America Bus Rapid Transit (BRT) Historical Market: Breakup by Country (USD Million), 2018-2023
13. North America Bus Rapid Transit (BRT) Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Europe Bus Rapid Transit (BRT) Historical Market: Breakup by Country (USD Million), 2018-2023
15. Europe Bus Rapid Transit (BRT) Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Asia Pacific Bus Rapid Transit (BRT) Historical Market: Breakup by Country (USD Million), 2018-2023
17. Asia Pacific Bus Rapid Transit (BRT) Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Latin America Bus Rapid Transit (BRT) Historical Market: Breakup by Country (USD Million), 2018-2023
19. Latin America Bus Rapid Transit (BRT) Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Middle East and Africa Bus Rapid Transit (BRT) Historical Market: Breakup by Country (USD Million), 2018-2023
21. Middle East and Africa Bus Rapid Transit (BRT) Market Forecast: Breakup by Country (USD Million), 2024-2032
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 2024 and 2032.
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 2024-2032, 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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