Need help finding what you are looking for?
Contact Us
PUBLISHER: IMARC | PRODUCT CODE: 1801034
PUBLISHER: IMARC | PRODUCT CODE: 1801034
Bus Rapid Transit Systems (BRT) Market Report by Bus Type (Standard, Articulated, and Others), System Type (Open BRT System, Closed BRT System, Hybrid BRT System), Fuel Type (Diesel, Natural Gas, and Others), and Region 2025-2033
PUBLISHED:
PAGES: 141 Pages
DELIVERY TIME: 2-3 business days
SELECT AN OPTION
The global bus rapid transit systems (BRT) market size reached USD 918.2 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 1,662.3 Million by 2033, exhibiting a growth rate (CAGR) of 6.48% during 2025-2033.
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:
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: SR112025A2878
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: SR112025A2878
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 USD), 2019-2024
- Figure 3: Global: Bus Rapid Transit Systems Market: Breakup by Bus Type (in %), 2024
- Figure 4: Global: Bus Rapid Transit Systems Market: Breakup by System Type (in %), 2024
- Figure 5: Global: Bus Rapid Transit Systems Market: Breakup by Fuel Type (in %), 2024
- Figure 6: Global: Bus Rapid Transit Systems Market: Breakup by Region (in %), 2024
- Figure 7: Global: Bus Rapid Transit Systems Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 8: Global: Bus Rapid Transit Systems (Standard) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 9: Global: Bus Rapid Transit Systems (Standard) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 10: Global: Bus Rapid Transit Systems (Articulated) Market: Sales Value (in Million USD), 2019 & 2024
Figure 11 Global: Bus Rapid Transit Systems (Articulated) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 12: Global: Bus Rapid Transit Systems (Other Bus Types) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 13: Global: Bus Rapid Transit Systems (Other Bus Types) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 14: Global: Bus Rapid Transit Systems (Open BRT System) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 15: Global: Bus Rapid Transit Systems (Open BRT System) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 16: Global: Bus Rapid Transit Systems (Closed BRT System) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 17: Global: Bus Rapid Transit Systems (Closed BRT System) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 18: Global: Bus Rapid Transit Systems (Hybrid BRT System) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 19: Global: Bus Rapid Transit Systems (Hybrid BRT System) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 20: Global: Bus Rapid Transit Systems (Diesel) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 21: Global: Bus Rapid Transit Systems (Diesel) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 22: Global: Bus Rapid Transit Systems (Natural Gas) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 23: Global: Bus Rapid Transit Systems (Natural Gas) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 24: Global: Bus Rapid Transit Systems (Other Fuel Types) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 25: Global: Bus Rapid Transit Systems (Other Fuel Types) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 26: North America: Bus Rapid Transit Systems Market: Sales Value (in Million USD), 2019 & 2024
- Figure 27: North America: Bus Rapid Transit Systems Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 28: United States: Bus Rapid Transit Systems Market: Sales Value (in Million USD), 2019 & 2024
- Figure 29: United States: Bus Rapid Transit Systems Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 30: Canada: Bus Rapid Transit Systems Market: Sales Value (in Million USD), 2019 & 2024
- Figure 31: Canada: Bus Rapid Transit Systems Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 32: Asia Pacific: Bus Rapid Transit Systems Market: Sales Value (in Million USD), 2019 & 2024
- Figure 33: Asia Pacific: Bus Rapid Transit Systems Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 34: China: Bus Rapid Transit Systems Market: Sales Value (in Million USD), 2019 & 2024
- Figure 35: China: Bus Rapid Transit Systems Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 36: Japan: Bus Rapid Transit Systems Market: Sales Value (in Million USD), 2019 & 2024
- Figure 37: Japan: Bus Rapid Transit Systems Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 38: India: Bus Rapid Transit Systems Market: Sales Value (in Million USD), 2019 & 2024
- Figure 39: India: Bus Rapid Transit Systems Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 40: South Korea: Bus Rapid Transit Systems Market: Sales Value (in Million USD), 2019 & 2024
- Figure 41: South Korea: Bus Rapid Transit Systems Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 42: Australia: Bus Rapid Transit Systems Market: Sales Value (in Million USD), 2019 & 2024
- Figure 43: Australia: Bus Rapid Transit Systems Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 44: Indonesia: Bus Rapid Transit Systems Market: Sales Value (in Million USD), 2019 & 2024
- Figure 45: Indonesia: Bus Rapid Transit Systems Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 46: Others: Bus Rapid Transit Systems Market: Sales Value (in Million USD), 2019 & 2024
- Figure 47: Others: Bus Rapid Transit Systems Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 48: Europe: Bus Rapid Transit Systems Market: Sales Value (in Million USD), 2019 & 2024
- Figure 49: Europe: Bus Rapid Transit Systems Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 50: Germany: Bus Rapid Transit Systems Market: Sales Value (in Million USD), 2019 & 2024
- Figure 51: Germany: Bus Rapid Transit Systems Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 52: France: Bus Rapid Transit Systems Market: Sales Value (in Million USD), 2019 & 2024
- Figure 53: France: Bus Rapid Transit Systems Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 54: United Kingdom: Bus Rapid Transit Systems Market: Sales Value (in Million USD), 2019 & 2024
- Figure 55: United Kingdom: Bus Rapid Transit Systems Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 56: Italy: Bus Rapid Transit Systems Market: Sales Value (in Million USD), 2019 & 2024
- Figure 57: Italy: Bus Rapid Transit Systems Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 58: Spain: Bus Rapid Transit Systems Market: Sales Value (in Million USD), 2019 & 2024
- Figure 59: Spain: Bus Rapid Transit Systems Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 60: Russia: Bus Rapid Transit Systems Market: Sales Value (in Million USD), 2019 & 2024
- Figure 61: Russia: Bus Rapid Transit Systems Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 62: Others: Bus Rapid Transit Systems Market: Sales Value (in Million USD), 2019 & 2024
- Figure 63: Others: Bus Rapid Transit Systems Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 64: Latin America: Bus Rapid Transit Systems Market: Sales Value (in Million USD), 2019 & 2024
- Figure 65: Latin America: Bus Rapid Transit Systems Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 66: Brazil: Bus Rapid Transit Systems Market: Sales Value (in Million USD), 2019 & 2024
- Figure 67: Brazil: Bus Rapid Transit Systems Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 68: Mexico: Bus Rapid Transit Systems Market: Sales Value (in Million USD), 2019 & 2024
- Figure 69: Mexico: Bus Rapid Transit Systems Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 70: Others: Bus Rapid Transit Systems Market: Sales Value (in Million USD), 2019 & 2024
- Figure 71: Others: Bus Rapid Transit Systems Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 72: Middle East and Africa: Bus Rapid Transit Systems Market: Sales Value (in Million USD), 2019 & 2024
- Figure 73: Middle East and Africa: Bus Rapid Transit Systems Market Forecast: Sales Value (in Million USD), 2025-2033
- 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, 2024 and 2033
- Table 2: Global: Bus Rapid Transit Systems Market Forecast: Breakup by Bus Type (in Million USD), 2025-2033
- Table 3: Global: Bus Rapid Transit Systems Market Forecast: Breakup by System Type (in Million USD), 2025-2033
- Table 4: Global: Bus Rapid Transit Systems Market Forecast: Breakup by Fuel Type (in Million USD), 2025-2033
- Table 5: Global: Bus Rapid Transit Systems Market Forecast: Breakup by Region (in Million USD), 2025-2033
- Table 6: Global: Bus Rapid Transit Systems Market Structure
- Table 7: Global: Bus Rapid Transit Systems Market: Key Players
Have a question?
SELECT AN OPTION
Have a question?
Questions? Please give us a call or visit the contact form.