15th Jan 2020 – The global Bus Rapid Transport Systems (BRT) Market is anticipated to grow at a significant CAGR of 9.57% during the forecast period. Bus rapid transport systems (BRT) is a public transportation system that provides efficient and safer transportation when compared to traditional bus service. BRT’s have gained a wide popularity and has benefited commuters with high-quality public transits from around the world. It has proven as a cost-effective alternative for expensive urban settlements since high-quality bus-based systems serve an excellent commute service based on a few principles. Operating with an organized approach, it is mainly designed for urban settings.
Bus rapid transport systems (BRT) market is driven by development of transport systems in metro cities for commuters. Government spending and awareness for developing a sustainable infrastructure for transport is a priority based need in urban areas. Tremendous load of commuters and shortage of transport vehicles is likely to propel the market growth during the forecast period.
Metro cities all around the world are now adopting this model as it ensures less traffic and encourages safety for pedestrians and other commuters. However, political differences and corruption on regional level affects the progress of the BRT systems in various cities.
Global Bus Rapid Transport Systems (BRT) market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including
On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
- Alternate Fuel
Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of Bus Rapid Transport Systems (BRT) in these regions, from 2012 to 2023 (forecast), covering
- North America
- Southeast Asia
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