Bus Rapid Transport Systems Market

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.

Bus Rapid Transport Systems Market contains market size and forecasts of Bus Rapid Transport Systems (BRT) in global, including the following market information:

Global Bus Rapid Transport Systems (BRT) Market Revenue, 2017-2022, 2023-2028, ($ millions)

Global Bus Rapid Transport Systems (BRT) Market Sales, 2017-2022, 2023-2028, (K Units)

Global top five Bus Rapid Transport Systems (BRT) companies in 2021 (%)

The global Bus Rapid Transport Systems (BRT) market was valued at 2629 million in 2021 and is projected to reach US$ 3910.8 million by 2028, at a CAGR of 5.8% during the forecast period.

The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.

Diesel Segment to Reach $ Million by 2028, with a % CAGR in next six years.

The global key manufacturers of Bus Rapid Transport Systems (BRT) include Volvo, Volkswagen, Yutong, JINLONG, Macropolo, Daimler, Qingnian and Tata, etc. In 2021, the global top five players have a share approximately % in terms of revenue.

MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Bus Rapid Transport Systems (BRT) manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Bus Rapid Transport Systems (BRT) Market, by Power Source, 2017-2022, 2023-2028 ($ Millions) & (K Units)

Global Bus Rapid Transport Systems (BRT) Market Segment Percentages, by Power Source, 2021 (%)

Diesel

Alternate Fuel

EV

Global Bus Rapid Transport Systems (BRT) Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)

Global Bus Rapid Transport Systems (BRT) Market Segment Percentages, by Application, 2021 (%)

Urban

Countryside

Global Bus Rapid Transport Systems (BRT) Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)

Global Bus Rapid Transport Systems (BRT) Market Segment Percentages, By Region and Country, 2021 (%)

North America

US

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Russia

Nordic Countries

Benelux

Rest of Europe

Asia

China

Japan

South Korea

Southeast Asia

India

Rest of Asia

South America

Brazil

Argentina

Rest of South America

Middle East & Africa

Turkey

Israel

Saudi Arabia

UAE

Rest of Middle East & Africa

Competitor Analysis

The report also provides analysis of leading market participants including:

Key companies Bus Rapid Transport Systems (BRT) revenues in global market, 2017-2022 (Estimated), ($ millions)

Key companies Bus Rapid Transport Systems (BRT) revenues share in global market, 2021 (%)

Key companies Bus Rapid Transport Systems (BRT) sales in global market, 2017-2022 (Estimated), (K Units)

Key companies Bus Rapid Transport Systems (BRT) sales share in global market, 2021 (%)

Further, the report presents profiles of competitors in the market, key players include:

Volvo

Volkswagen

Yutong

JINLONG

Macropolo

Daimler

Qingnian

Tata