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Report
Bus Rapid Transit Systems (BRT) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Report I 2023-11-02 I 143 Pages I IMARC Group
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?
1 Preface
2 Scope and Methodology
2.1Objectives of the Study
2.2Stakeholders
2.3Data Sources
2.3.1Primary Sources
2.3.2Secondary Sources
2.4Market Estimation
2.4.1Bottom-Up Approach
2.4.2Top-Down Approach
2.5Forecasting Methodology
3 Executive Summary
4 Introduction
4.1Overview
4.2Key Industry Trends
5 Global Bus Rapid Transit Systems (BRT) Market
5.1Market Overview
5.2Market Performance
5.3Impact of COVID-19
5.4Market Forecast
6 Market Breakup by Bus Type
6.1Standard
6.1.1 Market Trends
6.1.2 Market Forecast
6.2Articulated
6.2.1 Market Trends
6.2.2 Market Forecast
6.3Others
6.3.1 Market Trends
6.3.2 Market Forecast
7 Market Breakup by System Type
7.1Open BRT System
7.1.1 Market Trends
7.1.2 Market Forecast
7.2Closed BRT System
7.2.1 Market Trends
7.2.2 Market Forecast
7.3Hybrid BRT System
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by Fuel Type
8.1Diesel
8.1.1 Market Trends
8.1.2 Market Forecast
8.2Natural Gas
8.2.1 Market Trends
8.2.2 Market Forecast
8.3Others
8.3.1 Market Trends
8.3.2 Market Forecast
9 Market Breakup by Region
9.1North 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
9.2Asia 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
9.3Europe
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
9.4Latin 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
9.5Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1Overview
10.2Strengths
10.3Weaknesses
10.4Opportunities
10.5Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1Overview
12.2Bargaining Power of Buyers
12.3Bargaining Power of Suppliers
12.4Degree of Competition
12.5Threat of New Entrants
12.6Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1Market Structure
14.2Key Players
14.3Profiles of Key Players
14.3.1AB Volvo
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.1.3 Financials
14.3.1.4 SWOT Analysis
14.3.2Ashok 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
14.3.3BYD 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
14.3.4Cubic Corporation
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 Financials
14.3.4.4 SWOT Analysis
14.3.5Daimler AG
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.5.3 Financials
14.3.5.4 SWOT Analysis
14.3.6MAN 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
14.3.7Marcopolo S.A.
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.7.3 Financials
14.3.8Tata 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
14.3.9Xiamen King Long Motor Group Co. Ltd.
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.9.3 Financials
14.3.10Zhengzhou Yutong Bus Co. Ltd.
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.10.3 Financials
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
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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