Bus Rapid Transport Systems (BRT) is an innovative, high capacity, lower cost public transit solution that can significantly improve urban mobility. This permanent, integrated system uses buses or specialized vehicles on roadways or dedicated lanes to quickly and efficiently transport passengers to their destinations, while offering the flexibility to meet transit demand. BRT systems can easily be customized to community needs and incorporate state-of-the-art, low-cost technologies that result in more passengers and less congestion.
The bus rapid transport systems is relatively concentrated, the production of top eight manufacturers account about 80% of global production. The high-end products mainly come from Latin America and China.
In the world wide, the plants of major manufactures mainly distribute in Latin America and China, In Latin America, transnational companies, like Volvo and Volkswagen, are the leading manufactures in this area. As to China, Yutong and JINLONG have become the leader of domestic manufactures.
This industry is affected by the economy and policy, so it’s important to put an eye to economic indexes and leaders’ prefer. With the global economic recovery, more and more countries focus on traffic congestion especially in underdevelopment regions that have fast economic growth and potentially public transit consumption, the need of bus rapid transport systems will increase.
Global Bus Rapid Transport Systems (BRT) market size will reach 3180 million US$ by 2025, from 1980 million US$ in 2018, at a CAGR of 6.1% during the forecast period. In this study, 2018 has been considered as the base year and 2019-2025 as the forecast period to estimate the market size for Bus Rapid Transport Systems (BRT).
This industry study presents the global Bus Rapid Transport Systems (BRT) market size, historical breakdown data (2014-2019) and forecast (2019-2025). The Bus Rapid Transport Systems (BRT) production, revenue and market share by manufacturers, key regions and type;
The consumption of Bus Rapid Transport Systems (BRT) in volume terms are also provided for major countries (or regions), and for each application and product at the global level. Market share, growth rate, and competitive factors are also evaluated for market leaders Volvo, Volkswagen, etc.
The following manufacturers are covered in this report:
Volvo
Volkswagen
Yutong
JINLONG
Macropolo
Daimler
Qingnian
Tata
Bus Rapid Transport Systems (BRT) Breakdown Data by Type
Diesel
Alternate Fuel
EV
Bus Rapid Transport Systems (BRT) Breakdown Data by Application
Used in Urban Areas
Used in Countryside
Bus Rapid Transport Systems (BRT) Production by Region
United States
Europe
China
Japan
South Korea
India
Other Regions
Bus Rapid Transport Systems (BRT) Consumption by Region
North America
United States
Canada
Mexico
Asia-Pacific
China
India
Japan
South Korea
Australia
Indonesia
Malaysia
Philippines
Thailand
Vietnam
Europe
Germany
France
UK
Italy
Russia
Rest of Europe
Central & South America
Brazil
Rest of South America
Middle East & Africa
GCC Countries
Turkey
Egypt
South Africa
Rest of Middle East & Africa
The study objectives are:
To analyze and research the global Bus Rapid Transport Systems (BRT) status and future forecast,involving, production, revenue, consumption, historical and forecast.
To present the key Bus Rapid Transport Systems (BRT) manufacturers, production, revenue, market share, SWOT analysis and development plans in next few years.
To segment the breakdown data by regions, type, manufacturers and applications.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions.
To strategically analyze each submarket with respect to individual growth trend and their contribution to the market.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
In this study, the years considered to estimate the market size of Bus Rapid Transport Systems (BRT) :
History Year: 2014 - 2018
Base Year: 2018
Estimated Year: 2019
Forecast Year: 2019 - 2025
This report includes the estimation of market size for value (million USD) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Bus Rapid Transport Systems (BRT) market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Summary:
Get latest Market Research Reports on Bus Rapid Transport Systems (BRT) . Industry analysis & Market Report on Bus Rapid Transport Systems (BRT) is a syndicated market report, published as Global Bus Rapid Transport Systems (BRT) Market Insights, Forecast to 2025. It is complete Research Study and Industry Analysis of Bus Rapid Transport Systems (BRT) market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.