Global Bus Rapid Transport Systems (BRT) Market Size, Status and Forecast 2020-2026
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.
The bus rapid transport systems is relatively concentrated, the production of top eight manufacturers account about 80% of global production. The high-end products mainly come from Latin America and China.
In the world wide, the plants of major manufactures mainly distribute in Latin America and China, In Latin America, transnational companies, like Volvo and Volkswagen, are the leading manufactures in this area. As to China, Yutong and JINLONG have become the leader of domestic manufactures.
Market Analysis and Insights: Global Bus Rapid Transport Systems (BRT) Market
In 2019, the global Bus Rapid Transport Systems (BRT) market size was US$ 2240.8 million and it is expected to reach US$ 3407.2 million by the end of 2026, with a CAGR of 6.1% during 2021-2026.
Global Bus Rapid Transport Systems (BRT) Scope and Market Size
Bus Rapid Transport Systems (BRT) market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global Bus Rapid Transport Systems (BRT) market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2015-2026.
Segment by Type, the Bus Rapid Transport Systems (BRT) market is segmented into Diesel, Alternate Fuel, EV, etc.
Segment by Application, the Bus Rapid Transport Systems (BRT) market is segmented into Used in Urban Areas, Used in Countryside, etc.
Regional and Country-level Analysis
The Bus Rapid Transport Systems (BRT) market is analysed and market size information is provided by regions (countries).
The key regions covered in the Bus Rapid Transport Systems (BRT) market report are North America, Europe, China, Japan, Southeast Asia, India and Central & South America, etc.
The report includes country-wise and region-wise market size for the period 2015-2026. It also includes market size and forecast by Type, and by Application segment in terms of revenue for the period 2015-2026.
Bus Rapid Transport Systems (BRT) market competitive landscape provides details and data information by vendors. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on revenue (global and regional level) by player for the period 2015-2020. Details included are company description, major business, company total revenue and the revenue generated in Bus Rapid Transport Systems (BRT) business, the date to enter into the Bus Rapid Transport Systems (BRT) market, Bus Rapid Transport Systems (BRT) product introduction, recent developments, etc.
The major vendors include Volvo, Volkswagen, Yutong, JINLONG, Macropolo, Daimler, Qingnian, Tata, etc.
This report focuses on the global Bus Rapid Transport Systems (BRT) status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Bus Rapid Transport Systems (BRT) development in North America, Europe, China, Japan, Southeast Asia, India and Central & South America.
Volvo
Volkswagen
Yutong
JINLONG
Macropolo
Daimler
Qingnian
Tata
Diesel
Alternate Fuel
EV
Used in Urban Areas
Used in Countryside
North America
Europe
China
Japan
Southeast Asia
India
Central & South America
To analyze global Bus Rapid Transport Systems (BRT) status, future forecast, growth opportunity, key market and key players.
To present the Bus Rapid Transport Systems (BRT) development in North America, Europe, China, Japan, Southeast Asia, India and Central & South America.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by type, market and key regions.
In this study, the years considered to estimate the market size of Bus Rapid Transport Systems (BRT) are as follows:
History Year: 2015-2019
2019
Forecast Year 2020 to 2026
For the data information by region, company, type and application, 2019 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
The bus rapid transport systems is relatively concentrated, the production of top eight manufacturers account about 80% of global production. The high-end products mainly come from Latin America and China.
In the world wide, the plants of major manufactures mainly distribute in Latin America and China, In Latin America, transnational companies, like Volvo and Volkswagen, are the leading manufactures in this area. As to China, Yutong and JINLONG have become the leader of domestic manufactures.
Market Analysis and Insights: Global Bus Rapid Transport Systems (BRT) Market
In 2019, the global Bus Rapid Transport Systems (BRT) market size was US$ 2240.8 million and it is expected to reach US$ 3407.2 million by the end of 2026, with a CAGR of 6.1% during 2021-2026.
Global Bus Rapid Transport Systems (BRT) Scope and Market Size
Bus Rapid Transport Systems (BRT) market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global Bus Rapid Transport Systems (BRT) market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2015-2026.
Segment by Type, the Bus Rapid Transport Systems (BRT) market is segmented into Diesel, Alternate Fuel, EV, etc.
Segment by Application, the Bus Rapid Transport Systems (BRT) market is segmented into Used in Urban Areas, Used in Countryside, etc.
Regional and Country-level Analysis
The Bus Rapid Transport Systems (BRT) market is analysed and market size information is provided by regions (countries).
The key regions covered in the Bus Rapid Transport Systems (BRT) market report are North America, Europe, China, Japan, Southeast Asia, India and Central & South America, etc.
The report includes country-wise and region-wise market size for the period 2015-2026. It also includes market size and forecast by Type, and by Application segment in terms of revenue for the period 2015-2026.
Competitive Landscape
and Bus Rapid Transport Systems (BRT) Market Share AnalysisBus Rapid Transport Systems (BRT) market competitive landscape provides details and data information by vendors. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on revenue (global and regional level) by player for the period 2015-2020. Details included are company description, major business, company total revenue and the revenue generated in Bus Rapid Transport Systems (BRT) business, the date to enter into the Bus Rapid Transport Systems (BRT) market, Bus Rapid Transport Systems (BRT) product introduction, recent developments, etc.
The major vendors include Volvo, Volkswagen, Yutong, JINLONG, Macropolo, Daimler, Qingnian, Tata, etc.
This report focuses on the global Bus Rapid Transport Systems (BRT) status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Bus Rapid Transport Systems (BRT) development in North America, Europe, China, Japan, Southeast Asia, India and Central & South America.
The key players covered in this study
Volvo
Volkswagen
Yutong
JINLONG
Macropolo
Daimler
Qingnian
Tata
Market segment by Type, the product can be split into
Diesel
Alternate Fuel
EV
Market segment by Application, split into
Used in Urban Areas
Used in Countryside
Market segment by Regions/Countries, this report covers
North America
Europe
China
Japan
Southeast Asia
India
Central & South America
The study objectives of this report are:
To analyze global Bus Rapid Transport Systems (BRT) status, future forecast, growth opportunity, key market and key players.
To present the Bus Rapid Transport Systems (BRT) development in North America, Europe, China, Japan, Southeast Asia, India and Central & South America.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by type, market and key regions.
In this study, the years considered to estimate the market size of Bus Rapid Transport Systems (BRT) are as follows:
History Year: 2015-2019
Base Year:
2019Estimated Year:
2020Forecast Year 2020 to 2026
For the data information by region, company, type and application, 2019 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
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