Global Bus Rapid Transit Systems Market Overview to 2026 – By Bus Type, System Type, Fuel Type, and Region – ResearchAndMarkets.com
DUBLIN – (COMMERCIAL THREAD)–The “Bus Rapid Transit System (BRT) Market: Global Industry Trends, Share, Size, Growth, Opportunities, and Forecast 2021-2026” the report was added to ResearchAndMarkets.com offer.
The global bus rapid transport system (BRT) market has shown moderate growth during the period 2015-2020. Looking ahead, the analyst expects the global bus rapid transit (BRT) system market to grow at a CAGR of around 7% during the period 2021-2026.
Ashok Leyland (Hindu group)
BYD Company Limited
MAN SE (Volkswagen AG)
Tata Motors Limited (Tata Group)
Xiamen King Long Motor Group Co. Ltd.
Zhengzhou Yutong Bus Co. Ltd.
The Bus Rapid Transit System (BRT) refers to a sophisticated transportation solution that provides efficient, cost-effective and flexible urban mobility services. It consists of intelligent transit systems, fare collection systems, terminals, automated lanes, public information systems, pedestrian bridges, pedestrian subways, crossing signals, guard -body and stations. The use of BRT emphasizes 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 road signs that can be used by children, the elderly, the visually impaired and people in wheelchairs.
Rapid urbanization across the world, especially in developing economies, is one of the key factors driving the market growth. In addition, the increase in the world population, which has resulted in an increasing demand for improved transportation facilities, is driving the growth of the market. BRT systems help improve road safety by managing congestion and reducing the risk of accidents, injuries and deaths. In this perspective, the implementation of favorable government policies favoring the adoption of sustainable and efficient rapid transit systems that have minimal impact on the environment also contributes to the growth of the market.
BRT system providers develop innovative battery-powered buses that have minimal energy requirements with negligible greenhouse gas (GHG) emissions. They also make buses that can run efficiently on cleaner fuels, such as biodiesel, compressed natural gas (CNG), and liquefied petroleum gas (LPG). Other factors including the significant development of infrastructure as well as the use of advanced communication technologies across the world are expected to drive the market.
Key questions answered in this report
How has the global bus rapid transport systems (BRT) market performed so far and how will it perform in the years to come?
What has been the impact of COVID-19 on the global bus rapid transit (BRT) system market?
What are the main regional markets?
What is the market breakdown according to the type of bus?
What is the distribution of the market according to the type of system?
What is the distribution of the market according to the type of fuel?
What are the different stages of the industry value chain?
What are the main factors and challenges for the industry?
What is the structure of the global bus rapid transport systems (BRT) market and who are the major players?
How competitive is the industry?
Main topics covered:
2 Scope and methodology
3 Executive summary
4.2 Key Industry Trends
5 Global Bus Rapid Transit (BRT) Systems Market
5.1 Market overview
5.2 Market performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market breakdown by type of bus
7 Market breakdown by type of system
8 Market breakdown by fuel type
9 Market breakdown by region
10 SWOT Analysis
11 Value chain analysis
Analysis of the five forces of 12 carriers
13 Price analysis
14 Competitive landscape
14.1 Market structure
14.2 Key players
14.3 Profiles of key players
For more information on this report, visit https://www.researchandmarkets.com/r/atqgeo