Bus Rapid Transit Systems: Global Strategic Business Report

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

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