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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.
LPI (LP Information)' newest research report, the "Bus Rapid Transport Systems (BRT) Industry Forecast" looks at past sales and reviews total world Bus Rapid Transport Systems (BRT) sales in 2022, providing a comprehensive analysis by region and market sector of projected Bus Rapid Transport Systems (BRT) sales for 2023 through 2029. With Bus Rapid Transport Systems (BRT) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Bus Rapid Transport Systems (BRT) industry.
This Insight Report provides a comprehensive analysis of the global Bus Rapid Transport Systems (BRT) landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Bus Rapid Transport Systems (BRT) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Bus Rapid Transport Systems (BRT) market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Bus Rapid Transport Systems (BRT) and breaks down the forecast by power source, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Bus Rapid Transport Systems (BRT).
The global Bus Rapid Transport Systems (BRT) market size is projected to grow from US$ 2499.4 million in 2022 to US$ 3840.4 million in 2029; it is expected to grow at a CAGR of 3840.4 from 2023 to 2029.
Global Bus Rapid Transport Systems (BRT) key players include Volvo, Volkswagen, Yutong, JINLONG, Macropolo, etc. Global top five manufacturers hold a share over 75%.
Latin America is the largest market, with a share over 35%, followed by China and Europe, both have a share over 40%.
In terms of product, Diesel is the largest segment, with a share over 75%.
This report presents a comprehensive overview, market shares, and growth opportunities of Bus Rapid Transport Systems (BRT) market by product power source, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by power source
- Diesel
- Alternate Fuel
- EV
Segmentation by application
- Urban
- Countryside
This report also splits the market by region:
- Americas
- - United States
- - Canada
- - Mexico
- - Brazil
- APAC
- - China
- - Japan
- - Korea
- - Southeast Asia
- - India
- - Australia
- Europe
- - Germany
- - France
- - UK
- - Italy
- - Russia
- Middle East & Africa
- - Egypt
- - South Africa
- - Israel
- - Turkey
- - GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
- Volvo
- Volkswagen
- Yutong
- JINLONG
- Macropolo
- Daimler
- Qingnian
- Tata
Key Questions Addressed in this Report
What is the 10-year outlook for the global Bus Rapid Transport Systems (BRT) market?
What factors are driving Bus Rapid Transport Systems (BRT) market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Bus Rapid Transport Systems (BRT) market opportunities vary by end market size?
How does Bus Rapid Transport Systems (BRT) break out power source, application?
What are the influences of COVID-19 and Russia-Ukraine war?