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PUBLISHER: IMARC | PRODUCT CODE: 1378826
PUBLISHER: IMARC | PRODUCT CODE: 1378826
Bus Rapid Transit Systems (BRT) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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PAGES: 143 Pages
DELIVERY TIME: 2-3 business days
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Abstract
The global bus rapid transit systems (BRT) market size reached US$ 797.3 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,251.9 Million by 2028, exhibiting a growth rate (CAGR) of 7.8% during 2022-2028.
The bus rapid transit system (BRT) refers to a sophisticated transport solution that delivers efficient, cost-effective and flexible urban mobility services. It consists of smart public transit systems, fare collection systems, terminals, automated lanes, public information systems, foot over bridges, pedestrian subways, crossing signals, railings and stations. The utilization of BRT emphasizes on the holistic development of a city by providing safe and wide corridors for motor vehicles, pedestrians and cyclists. It also offers user-friendly road markings and signages that can be used by children, senior citizens, visually impaired and wheel-chair bound individuals.
Rapid urbanization across the globe, especially in developing economies, represents one of the key factors driving the growth of the market. Furthermore, the rising global population, which has resulted in the increasing demand for improved transportation facilities, is providing a thrust to the market growth. BRT systems aid in enhancing road safety by managing traffic congestion and reducing the risks of accidents, injuries and fatalities. In line with this, the implementation of favorable government policies promoting the adoption of sustainable and efficient rapid transit systems that have minimal impact on the environment are also contributing to the market growth. BRT system vendors are developing innovative battery-powered buses that have minimal energy requirements with negligible greenhouse gas (GHG) emissions. They are also manufacturing buses that can efficiently run on cleaner fuels, such as biodiesel, compressed natural gas (CNG) and liquified petroleum gas (LPG). Other factors, including significant infrastructural development, along with the utilization of advanced communication technologies across the globe, are anticipated to drive the market further.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global bus rapid transit systems (BRT) market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on bus type, system type and fuel type.
Breakup by Bus Type:
Standard
Articulated
Others
Breakup by System Type:
Open BRT System
Closed BRT System
Hybrid BRT System
Breakup by Fuel Type:
Diesel
Natural Gas
Others
Breakup by Region:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being AB Volvo, Ashok Leyland (Hinduja Group), BYD Company Limited, Cubic Corporation, Daimler AG, MAN SE (Volkswagen AG), Marcopolo S.A., Tata Motors Limited (Tata Group), Xiamen King Long Motor Group Co. Ltd. and Zhengzhou Yutong Bus Co. Ltd.
Key Questions Answered in This Report:
- How has the global bus rapid transit systems (BRT) market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global bus rapid transit systems (BRT) market?
- What are the key regional markets?
- What is the breakup of the market based on the bus type?
- What is the breakup of the market based on the system type?
- What is the breakup of the market based on the fuel type?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global bus rapid transit systems (BRT) market and who are the key players?
- What is the degree of competition in the industry?
Product Code: SR112023A2878
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Bus Rapid Transit Systems (BRT) Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Bus Type
- 6.1 Standard
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Articulated
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Others
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
7 Market Breakup by System Type
- 7.1 Open BRT System
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Closed BRT System
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Hybrid BRT System
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
8 Market Breakup by Fuel Type
- 8.1 Diesel
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Natural Gas
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Others
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.1.1 United States
- 9.2 Asia Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.2.1 China
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.3.1 Germany
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.4.1 Brazil
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 AB Volvo
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.1.3 Financials
- 14.3.1.4 SWOT Analysis
- 14.3.2 Ashok Leyland (Hinduja Group)
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.2.3 Financials
- 14.3.2.4 SWOT Analysis
- 14.3.3 BYD Company Limited
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.3.3 Financials
- 14.3.3.4 SWOT Analysis
- 14.3.4 Cubic Corporation
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.4.3 Financials
- 14.3.4.4 SWOT Analysis
- 14.3.5 Daimler AG
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.5.3 Financials
- 14.3.5.4 SWOT Analysis
- 14.3.6 MAN SE (Volkswagen AG)
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.6.3 Financials
- 14.3.6.4 SWOT Analysis
- 14.3.7 Marcopolo S.A.
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.7.3 Financials
- 14.3.8 Tata Motors Limited (Tata Group)
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.8.3 Financials
- 14.3.8.4 SWOT Analysis
- 14.3.9 Xiamen King Long Motor Group Co. Ltd.
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.9.3 Financials
- 14.3.10 Zhengzhou Yutong Bus Co. Ltd.
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.10.3 Financials
- 14.3.1 AB Volvo
Product Code: SR112023A2878
List of Figures
- Figure 1: Global: Bus Rapid Transit Systems Market: Major Drivers and Challenges
- Figure 2: Global: Bus Rapid Transit Systems Market: Sales Value (in Million US$), 2017-2022
- Figure 3: Global: Bus Rapid Transit Systems Market: Breakup by Bus Type (in %), 2022
- Figure 4: Global: Bus Rapid Transit Systems Market: Breakup by System Type (in %), 2022
- Figure 5: Global: Bus Rapid Transit Systems Market: Breakup by Fuel Type (in %), 2022
- Figure 6: Global: Bus Rapid Transit Systems Market: Breakup by Region (in %), 2022
- Figure 7: Global: Bus Rapid Transit Systems Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 8: Global: Bus Rapid Transit Systems (Standard) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 9: Global: Bus Rapid Transit Systems (Standard) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 10: Global: Bus Rapid Transit Systems (Articulated) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11 Global: Bus Rapid Transit Systems (Articulated) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 12: Global: Bus Rapid Transit Systems (Other Bus Types) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 13: Global: Bus Rapid Transit Systems (Other Bus Types) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 14: Global: Bus Rapid Transit Systems (Open BRT System) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 15: Global: Bus Rapid Transit Systems (Open BRT System) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 16: Global: Bus Rapid Transit Systems (Closed BRT System) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 17: Global: Bus Rapid Transit Systems (Closed BRT System) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 18: Global: Bus Rapid Transit Systems (Hybrid BRT System) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 19: Global: Bus Rapid Transit Systems (Hybrid BRT System) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 20: Global: Bus Rapid Transit Systems (Diesel) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 21: Global: Bus Rapid Transit Systems (Diesel) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 22: Global: Bus Rapid Transit Systems (Natural Gas) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 23: Global: Bus Rapid Transit Systems (Natural Gas) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 24: Global: Bus Rapid Transit Systems (Other Fuel Types) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 25: Global: Bus Rapid Transit Systems (Other Fuel Types) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 26: North America: Bus Rapid Transit Systems Market: Sales Value (in Million US$), 2017 & 2022
- Figure 27: North America: Bus Rapid Transit Systems Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 28: United States: Bus Rapid Transit Systems Market: Sales Value (in Million US$), 2017 & 2022
- Figure 29: United States: Bus Rapid Transit Systems Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 30: Canada: Bus Rapid Transit Systems Market: Sales Value (in Million US$), 2017 & 2022
- Figure 31: Canada: Bus Rapid Transit Systems Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 32: Asia Pacific: Bus Rapid Transit Systems Market: Sales Value (in Million US$), 2017 & 2022
- Figure 33: Asia Pacific: Bus Rapid Transit Systems Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 34: China: Bus Rapid Transit Systems Market: Sales Value (in Million US$), 2017 & 2022
- Figure 35: China: Bus Rapid Transit Systems Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 36: Japan: Bus Rapid Transit Systems Market: Sales Value (in Million US$), 2017 & 2022
- Figure 37: Japan: Bus Rapid Transit Systems Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 38: India: Bus Rapid Transit Systems Market: Sales Value (in Million US$), 2017 & 2022
- Figure 39: India: Bus Rapid Transit Systems Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 40: South Korea: Bus Rapid Transit Systems Market: Sales Value (in Million US$), 2017 & 2022
- Figure 41: South Korea: Bus Rapid Transit Systems Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 42: Australia: Bus Rapid Transit Systems Market: Sales Value (in Million US$), 2017 & 2022
- Figure 43: Australia: Bus Rapid Transit Systems Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 44: Indonesia: Bus Rapid Transit Systems Market: Sales Value (in Million US$), 2017 & 2022
- Figure 45: Indonesia: Bus Rapid Transit Systems Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 46: Others: Bus Rapid Transit Systems Market: Sales Value (in Million US$), 2017 & 2022
- Figure 47: Others: Bus Rapid Transit Systems Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 48: Europe: Bus Rapid Transit Systems Market: Sales Value (in Million US$), 2017 & 2022
- Figure 49: Europe: Bus Rapid Transit Systems Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 50: Germany: Bus Rapid Transit Systems Market: Sales Value (in Million US$), 2017 & 2022
- Figure 51: Germany: Bus Rapid Transit Systems Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 52: France: Bus Rapid Transit Systems Market: Sales Value (in Million US$), 2017 & 2022
- Figure 53: France: Bus Rapid Transit Systems Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 54: United Kingdom: Bus Rapid Transit Systems Market: Sales Value (in Million US$), 2017 & 2022
- Figure 55: United Kingdom: Bus Rapid Transit Systems Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 56: Italy: Bus Rapid Transit Systems Market: Sales Value (in Million US$), 2017 & 2022
- Figure 57: Italy: Bus Rapid Transit Systems Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 58: Spain: Bus Rapid Transit Systems Market: Sales Value (in Million US$), 2017 & 2022
- Figure 59: Spain: Bus Rapid Transit Systems Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 60: Russia: Bus Rapid Transit Systems Market: Sales Value (in Million US$), 2017 & 2022
- Figure 61: Russia: Bus Rapid Transit Systems Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 62: Others: Bus Rapid Transit Systems Market: Sales Value (in Million US$), 2017 & 2022
- Figure 63: Others: Bus Rapid Transit Systems Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 64: Latin America: Bus Rapid Transit Systems Market: Sales Value (in Million US$), 2017 & 2022
- Figure 65: Latin America: Bus Rapid Transit Systems Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 66: Brazil: Bus Rapid Transit Systems Market: Sales Value (in Million US$), 2017 & 2022
- Figure 67: Brazil: Bus Rapid Transit Systems Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 68: Mexico: Bus Rapid Transit Systems Market: Sales Value (in Million US$), 2017 & 2022
- Figure 69: Mexico: Bus Rapid Transit Systems Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 70: Others: Bus Rapid Transit Systems Market: Sales Value (in Million US$), 2017 & 2022
- Figure 71: Others: Bus Rapid Transit Systems Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 72: Middle East and Africa: Bus Rapid Transit Systems Market: Sales Value (in Million US$), 2017 & 2022
- Figure 73: Middle East and Africa: Bus Rapid Transit Systems Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 74: Global: Bus Rapid Transit Systems Industry: SWOT Analysis
- Figure 75: Global: Bus Rapid Transit Systems Industry: Value Chain Analysis
- Figure 76: Global: Bus Rapid Transit Systems Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Bus Rapid Transit Systems Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Bus Rapid Transit Systems Market Forecast: Breakup by Bus Type (in Million US$), 2023-2028
- Table 3: Global: Bus Rapid Transit Systems Market Forecast: Breakup by System Type (in Million US$), 2023-2028
- Table 4: Global: Bus Rapid Transit Systems Market Forecast: Breakup by Fuel Type (in Million US$), 2023-2028
- Table 5: Global: Bus Rapid Transit Systems Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 6: Global: Bus Rapid Transit Systems Market Structure
- Table 7: Global: Bus Rapid Transit Systems Market: Key Players
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