Global Bus Rapid Transport Systems (BRT) Market Research Report 2024

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 global Bus Rapid Transport Systems (BRT) market was valued at US$ 2555 million in 2023 and is anticipated to reach US$ 3886.1 million by 2030, witnessing a CAGR of 6.1% during the forecast period 2024-2030.

Global Bus Rapid Transport Systems (BRT) key players include Volvo, Volkswagen, Yutong, JINLONG, Macropolo, etc. Global top five manufacturers hold a share over 75%.

Latin America is the largest market, with a share over 35%, followed by China and Europe, both have a share over 40%.

In terms of product, Diesel is the largest segment, with a share over 75%.

This report aims to provide a comprehensive presentation of the global market for Bus Rapid Transport Systems (BRT), with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Bus Rapid Transport Systems (BRT).

Report Scope

The Bus Rapid Transport Systems (BRT) market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Bus Rapid Transport Systems (BRT) market comprehensively. Regional market sizes, concerning products by Power Source, by Application, and by players, are also provided.

For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

The report will help the Bus Rapid Transport Systems (BRT) manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Power Source, by Application, and by regions.

Market Segmentation


By Company


Volvo

Volkswagen

Yutong

JINLONG

Macropolo

Daimler

Qingnian

Tata

Segment by Power Source

Diesel

Alternate Fuel

EV


Segment by Application


Urban

Countryside


Production by Region



North America

Europe

China

Japan

India

Latin America


Consumption by Region


North America

U.S.

Canada

Europe

Germany

France

U.K.

Italy

Russia

Asia-Pacific

China

Japan

South Korea

China Taiwan

Southeast Asia

India

Latin America, Middle East & Africa

Mexico

Brazil

Turkey

GCC Countries

Chapter Outline

Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Power Source, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.

Chapter 2: Detailed analysis of Bus Rapid Transport Systems (BRT) manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.

Chapter 3: Production/output, value of Bus Rapid Transport Systems (BRT) by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.

Chapter 4: Consumption of Bus Rapid Transport Systems (BRT) in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.

Chapter 5: Provides the analysis of various market segments by Power Source, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.

Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter 10: The main points and conclusions of the report.

Frequently Asked Questions