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Bus Rapid Transit Systems: Global Strategic Business Report

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    Report

  • 178 Pages
  • October 2022
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 2692230

Global Bus Rapid Transit Systems Market to Reach $1.6 Billion by 2027

In the changed post COVID-19 business landscape, the global market for Bus Rapid Transit Systems estimated at US$873.3 Million in the year 2020, is projected to reach a revised size of US$1.6 Billion by 2027, growing at a CAGR of 9.1% over the analysis period 2020-2027. Articulated, one of the segments analyzed in the report, is projected to record a 9.9% CAGR and reach US$785 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Standard segment is readjusted to a revised 7.9% CAGR for the next 7-year period.

The U.S. Market is Estimated at $237.9 Million, While China is Forecast to Grow at 13.3% CAGR

The Bus Rapid Transit Systems market in the U.S. is estimated at US$237.9 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$353.9 Million by the year 2027 trailing a CAGR of 13.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.4% and 8.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 6.3% CAGR.

Other Types Segment to Record 9% CAGR

In the global Other Types segment, USA, Canada, Japan, China and Europe will drive the 8.4% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$124.9 Million in the year 2020 will reach a projected size of US$220 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$218.9 Million by the year 2027, while Latin America will expand at a 10.5% CAGR through the analysis period.

Select Competitors (Total 33 Featured) -

  • Amcor Ltd.
  • Anhui Ankai Automobile Co., Ltd.
  • Ashok Leyland Ltd.
  • Blue Bird Corporation
  • Daimler AG
  • Designline Bus Pacific Ltd.
  • GILLIG LLC
  • Graphic Packaging Holding Company
  • Mayr-Melnhof Karton AG
  • NABI Bus, LLC
  • New Flyer Industries, Inc.
  • Nova Bus, Inc.
  • Optare Group Ltd.
  • Scania AB
  • Tata Motors Ltd.
  • Volvo Bus Corporation

What`s New for 2022?

  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and Research Platform
  • Complimentary updates for one year
Frequently Asked Questions about the Global Market for Bus Rapid Transit Systems

What is the estimated value of the Global Market for Bus Rapid Transit Systems?

The Global Market for Bus Rapid Transit Systems was estimated to be valued at $873.3 Million in 2020.

What is the growth rate of the Global Market for Bus Rapid Transit Systems?

The growth rate of the Global Market for Bus Rapid Transit Systems is 9.0%, with an estimated value of $1600 Million by 2027.

What is the forecasted size of the Global Market for Bus Rapid Transit Systems?

The Global Market for Bus Rapid Transit Systems is estimated to be worth $1600 Million by 2027.

Who are the key companies in the Global Market for Bus Rapid Transit Systems?

Key companies in the Global Market for Bus Rapid Transit Systems include Amcor Ltd., Anhui Ankai Automobile Co., Ltd., Ashok Leyland Ltd., Blue Bird Corporation, Daimler AG, Designline Bus Pacific Ltd., GILLIG LLC, Graphic Packaging Holding Company and Melnhof Karton AG.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • Bus Rapid Transit Systems - Global Key Competitors Percentage Market Share in 2020 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2020 (E)
2. FOCUS ON SELECT PLAYERS3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Recent Past, Current & Future Analysis for Open BRT system by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2018 through 2027 and % CAGR
  • Table 2: World Historic Review for Open BRT system by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2017 and % CAGR
  • Table 3: World 15-Year Perspective for Open BRT system by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2019 & 2027
  • Table 4: World Recent Past, Current & Future Analysis for Closed BRT system by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2018 through 2027 and % CAGR
  • Table 5: World Historic Review for Closed BRT system by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2017 and % CAGR
  • Table 6: World 15-Year Perspective for Closed BRT system by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2019 & 2027
  • Table 7: World Recent Past, Current & Future Analysis for Hybrid BRT system by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2018 through 2027 and % CAGR
  • Table 8: World Historic Review for Hybrid BRT system by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2017 and % CAGR
  • Table 9: World 15-Year Perspective for Hybrid BRT system by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2019 & 2027
  • Table 10: World Recent Past, Current & Future Analysis for Bus Rapid Transit Systems by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2018 through 2027 and % CAGR
  • Table 11: World Historic Review for Bus Rapid Transit Systems by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2017 and % CAGR
  • Table 12: World 15-Year Perspective for Bus Rapid Transit Systems by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2012, 2019 & 2027
  • Table 13: World Recent Past, Current & Future Analysis for Articulated by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2018 through 2027 and % CAGR
  • Table 14: World Historic Review for Articulated by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2017 and % CAGR
  • Table 15: World 15-Year Perspective for Articulated by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2019 & 2027
  • Table 16: World Recent Past, Current & Future Analysis for Standard by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2018 through 2027 and % CAGR
  • Table 17: World Historic Review for Standard by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2017 and % CAGR
  • Table 18: World 15-Year Perspective for Standard by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2019 & 2027
  • Table 19: World Recent Past, Current & Future Analysis for Other Types by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2018 through 2027 and % CAGR
  • Table 20: World Historic Review for Other Types by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2017 and % CAGR
  • Table 21: World 15-Year Perspective for Other Types by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2019 & 2027
  • Table 22: World Recent Past, Current & Future Analysis for Urban Territories by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2018 through 2027 and % CAGR
  • Table 23: World Historic Review for Urban Territories by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2017 and % CAGR
  • Table 24: World 15-Year Perspective for Urban Territories by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2019 & 2027
  • Table 25: World Recent Past, Current & Future Analysis for Other Territories by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2018 through 2027 and % CAGR
  • Table 26: World Historic Review for Other Territories by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2017 and % CAGR
  • Table 27: World 15-Year Perspective for Other Territories by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2019 & 2027
  • Table 28: World Bus Rapid Transit Systems Market Analysis of Annual Sales in US$ Thousand for Years 2012 through 2027
III. MARKET ANALYSIS
UNITED STATES
  • Bus Rapid Transit Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2020 (E)
CANADA
JAPAN
  • Bus Rapid Transit Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2020 (E)
CHINA
  • Bus Rapid Transit Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2020 (E)
EUROPE
  • Bus Rapid Transit Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2020 (E)
FRANCE
  • Bus Rapid Transit Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2020 (E)
GERMANY
  • Bus Rapid Transit Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2020 (E)
ITALY
UNITED KINGDOM
  • Bus Rapid Transit Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2020 (E)
SPAINRUSSIAREST OF EUROPE
ASIA-PACIFIC
  • Bus Rapid Transit Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2020 (E)
AUSTRALIA
  • Bus Rapid Transit Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2020 (E)
INDIA
  • Bus Rapid Transit Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2020 (E)
SOUTH KOREAREST OF ASIA-PACIFIC
LATIN AMERICA
  • Bus Rapid Transit Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2020 (E)
ARGENTINABRAZILMEXICOREST OF LATIN AMERICA
MIDDLE EAST
  • Bus Rapid Transit Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2020 (E)
IRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EAST
AFRICA
  • Bus Rapid Transit Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2020 (E)
IV. COMPETITION

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Amcor Ltd.
  • Anhui Ankai Automobile Co., Ltd.
  • Ashok Leyland Ltd.
  • Blue Bird Corporation
  • Daimler AG
  • Designline Bus Pacific Ltd.
  • GILLIG LLC
  • Graphic Packaging Holding Company
  • Mayr-Melnhof Karton AG
  • NABI Bus, LLC
  • New Flyer Industries, Inc.
  • Nova Bus, Inc.
  • Optare Group Ltd.
  • Scania AB
  • Tata Motors Ltd.
  • Volvo Bus Corporation