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Bus Rapid Transit Systems (BRT) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

  • ID: 5441842
  • Report
  • September 2021
  • Region: Global
  • 143 Pages
  • IMARC Group

FEATURED COMPANIES

  • AB Volvo
  • BYD Company Limited
  • Cubic Corporation
  • Daimler AG
  • MAN SE (Volkswagen AG)
  • Marcopolo S.A.
The global bus rapid transit systems (BRT) market exhibited moderate growth during 2015-2020. The bus rapid transit system (BRT) refers to a sophisticated transport solution that delivers efficient, cost-effective and flexible urban mobility services. It consists of smart public transit systems, fare collection systems, terminals, automated lanes, public information systems, foot over bridges, pedestrian subways, crossing signals, railings and stations. The utilization of BRT emphasizes on the holistic development of a city by providing safe and wide corridors for motor vehicles, pedestrians and cyclists. It also offers user-friendly road markings and signages that can be used by children, senior citizens, visually impaired and wheel-chair bound individuals.

Rapid urbanization across the globe, especially in developing economies, represents one of the key factors driving the growth of the market. Furthermore, the rising global population, which has resulted in the increasing demand for improved transportation facilities, is providing a thrust to the market growth. BRT systems aid in enhancing road safety by managing traffic congestion and reducing the risks of accidents, injuries and fatalities. In line with this, the implementation of favorable government policies promoting the adoption of sustainable and efficient rapid transit systems that have minimal impact on the environment are also contributing to the market growth. BRT system vendors are developing innovative battery-powered buses that have minimal energy requirements with negligible greenhouse gas (GHG) emissions. They are also manufacturing buses that can efficiently run on cleaner fuels, such as biodiesel, compressed natural gas (CNG) and liquified petroleum gas (LPG). Other factors, including significant infrastructural development, along with the utilization of advanced communication technologies across the globe, are anticipated to drive the market further. Looking forward, the analyst expects the global bus rapid transit systems (BRT) market to grow at a CAGR of around 7% during 2021-2026.

Key Market Segmentation


The analyst provides an analysis of the key trends in each sub-segment of the global bus rapid transit systems (brt) market, along with forecasts at the global, regional and country-level from 2021-2026. The report has categorized the market based on region, bus type, system type and fuel type.

Breakup by Bus Type

  • Standard
  • Articulated
  • Others

Breakup by System Type

  • Open BRT System
  • Closed BRT System
  • Hybrid BRT System

Breakup by Fuel Type

  • Diesel
  • Natural Gas
  • Others

Breakup by Region

  • North America
  • United States
  • Canada
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape


The report has also analysed the competitive landscape of the market with some of the key players being AB Volvo, Ashok Leyland (Hinduja Group), BYD Company Limited, Cubic Corporation, Daimler AG, MAN SE (Volkswagen AG), Marcopolo S.A., Tata Motors Limited (Tata Group), Xiamen King Long Motor Group Co. Ltd. and Zhengzhou Yutong Bus Co. Ltd.

Key Questions Answered in This Report

  • How has the global bus rapid transit systems (BRT) market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global bus rapid transit systems (BRT) market?
  • What are the key regional markets?
  • What is the breakup of the market based on the bus type?
  • What is the breakup of the market based on the system type?
  • What is the breakup of the market based on the fuel type?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global bus rapid transit systems (BRT) market and who are the key players?
  • What is the degree of competition in the industry?
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • AB Volvo
  • BYD Company Limited
  • Cubic Corporation
  • Daimler AG
  • MAN SE (Volkswagen AG)
  • Marcopolo S.A.
1 Preface

2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 Executive Summary

4 Introduction
4.1 Overview
4.2 Key Industry Trends

5 Global Bus Rapid Transit Systems (BRT) Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 Market Breakup by Bus Type
6.1 Standard
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Articulated
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Others
6.3.1 Market Trends
6.3.2 Market Forecast

7 Market Breakup by System Type
7.1 Open BRT System
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Closed BRT System
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Hybrid BRT System
7.3.1 Market Trends
7.3.2 Market Forecast

8 Market Breakup by Fuel Type
8.1 Diesel
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Natural Gas
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Others
8.3.1 Market Trends
8.3.2 Market Forecast

9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast

10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats

11 Value Chain Analysis

12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes

13 Price Analysis

14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 AB Volvo
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.1.3 Financials
14.3.1.4 SWOT Analysis
14.3.2 Ashok Leyland (Hinduja Group)
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.2.3 Financials
14.3.2.4 SWOT Analysis
14.3.3 BYD Company Limited
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 Financials
14.3.3.4 SWOT Analysis
14.3.4 Cubic Corporation
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 Financials
14.3.4.4 SWOT Analysis
14.3.5 Daimler AG
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.5.3 Financials
14.3.5.4 SWOT Analysis
14.3.6 MAN SE (Volkswagen AG)
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.6.3 Financials
14.3.6.4 SWOT Analysis
14.3.7 Marcopolo S.A.
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.7.3 Financials
14.3.8 Tata Motors Limited (Tata Group)
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.8.3 Financials
14.3.8.4 SWOT Analysis
14.3.9 Xiamen King Long Motor Group Co. Ltd.
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.9.3 Financials
14.3.10 Zhengzhou Yutong Bus Co. Ltd.
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.10.3 Financials

List of Figures
Figure 1: Global: Bus Rapid Transit Systems Market: Major Drivers and Challenges
Figure 2: Global: Bus Rapid Transit Systems Market: Sales Value (in Billion US$), 2015-2020
Figure 3: Global: Bus Rapid Transit Systems Market: Breakup by Bus Type (in %), 2020
Figure 4: Global: Bus Rapid Transit Systems Market: Breakup by System Type (in %), 2020
Figure 5: Global: Bus Rapid Transit Systems Market: Breakup by Fuel Type (in %), 2020
Figure 6: Global: Bus Rapid Transit Systems Market: Breakup by Region (in %), 2020
Figure 7: Global: Bus Rapid Transit Systems Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 8: Global: Bus Rapid Transit Systems (Standard) Market: Sales Value (in Million US$), 2015 & 2020
Figure 9: Global: Bus Rapid Transit Systems (Standard) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 10: Global: Bus Rapid Transit Systems (Articulated) Market: Sales Value (in Million US$), 2015 & 2020
Figure 11 Global: Bus Rapid Transit Systems (Articulated) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 12: Global: Bus Rapid Transit Systems (Other Bus Types) Market: Sales Value (in Million US$), 2015 & 2020
Figure 13: Global: Bus Rapid Transit Systems (Other Bus Types) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 14: Global: Bus Rapid Transit Systems (Open BRT System) Market: Sales Value (in Million US$), 2015 & 2020
Figure 15: Global: Bus Rapid Transit Systems (Open BRT System) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 16: Global: Bus Rapid Transit Systems (Closed BRT System) Market: Sales Value (in Million US$), 2015 & 2020
Figure 17: Global: Bus Rapid Transit Systems (Closed BRT System) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 18: Global: Bus Rapid Transit Systems (Hybrid BRT System) Market: Sales Value (in Million US$), 2015 & 2020
Figure 19: Global: Bus Rapid Transit Systems (Hybrid BRT System) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 20: Global: Bus Rapid Transit Systems (Diesel) Market: Sales Value (in Million US$), 2015 & 2020
Figure 21: Global: Bus Rapid Transit Systems (Diesel) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 22: Global: Bus Rapid Transit Systems (Natural Gas) Market: Sales Value (in Million US$), 2015 & 2020
Figure 23: Global: Bus Rapid Transit Systems (Natural Gas) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 24: Global: Bus Rapid Transit Systems (Other Fuel Types) Market: Sales Value (in Million US$), 2015 & 2020
Figure 25: Global: Bus Rapid Transit Systems (Other Fuel Types) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 26: North America: Bus Rapid Transit Systems Market: Sales Value (in Million US$), 2015 & 2020
Figure 27: North America: Bus Rapid Transit Systems Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 28: United States: Bus Rapid Transit Systems Market: Sales Value (in Million US$), 2015 & 2020
Figure 29: United States: Bus Rapid Transit Systems Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 30: Canada: Bus Rapid Transit Systems Market: Sales Value (in Million US$), 2015 & 2020
Figure 31: Canada: Bus Rapid Transit Systems Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 32: Asia Pacific: Bus Rapid Transit Systems Market: Sales Value (in Million US$), 2015 & 2020
Figure 33: Asia Pacific: Bus Rapid Transit Systems Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 34: China: Bus Rapid Transit Systems Market: Sales Value (in Million US$), 2015 & 2020
Figure 35: China: Bus Rapid Transit Systems Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 36: Japan: Bus Rapid Transit Systems Market: Sales Value (in Million US$), 2015 & 2020
Figure 37: Japan: Bus Rapid Transit Systems Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 38: India: Bus Rapid Transit Systems Market: Sales Value (in Million US$), 2015 & 2020
Figure 39: India: Bus Rapid Transit Systems Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 40: South Korea: Bus Rapid Transit Systems Market: Sales Value (in Million US$), 2015 & 2020
Figure 41: South Korea: Bus Rapid Transit Systems Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 42: Australia: Bus Rapid Transit Systems Market: Sales Value (in Million US$), 2015 & 2020
Figure 43: Australia: Bus Rapid Transit Systems Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 44: Indonesia: Bus Rapid Transit Systems Market: Sales Value (in Million US$), 2015 & 2020
Figure 45: Indonesia: Bus Rapid Transit Systems Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 46: Others: Bus Rapid Transit Systems Market: Sales Value (in Million US$), 2015 & 2020
Figure 47: Others: Bus Rapid Transit Systems Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 48: Europe: Bus Rapid Transit Systems Market: Sales Value (in Million US$), 2015 & 2020
Figure 49: Europe: Bus Rapid Transit Systems Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 50: Germany: Bus Rapid Transit Systems Market: Sales Value (in Million US$), 2015 & 2020
Figure 51: Germany: Bus Rapid Transit Systems Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 52: France: Bus Rapid Transit Systems Market: Sales Value (in Million US$), 2015 & 2020
Figure 53: France: Bus Rapid Transit Systems Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 54: United Kingdom: Bus Rapid Transit Systems Market: Sales Value (in Million US$), 2015 & 2020
Figure 55: United Kingdom: Bus Rapid Transit Systems Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 56: Italy: Bus Rapid Transit Systems Market: Sales Value (in Million US$), 2015 & 2020
Figure 57: Italy: Bus Rapid Transit Systems Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 58: Spain: Bus Rapid Transit Systems Market: Sales Value (in Million US$), 2015 & 2020
Figure 59: Spain: Bus Rapid Transit Systems Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 60: Russia: Bus Rapid Transit Systems Market: Sales Value (in Million US$), 2015 & 2020
Figure 61: Russia: Bus Rapid Transit Systems Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 62: Others: Bus Rapid Transit Systems Market: Sales Value (in Million US$), 2015 & 2020
Figure 63: Others: Bus Rapid Transit Systems Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 64: Latin America: Bus Rapid Transit Systems Market: Sales Value (in Million US$), 2015 & 2020
Figure 65: Latin America: Bus Rapid Transit Systems Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 66: Brazil: Bus Rapid Transit Systems Market: Sales Value (in Million US$), 2015 & 2020
Figure 67: Brazil: Bus Rapid Transit Systems Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 68: Mexico: Bus Rapid Transit Systems Market: Sales Value (in Million US$), 2015 & 2020
Figure 69: Mexico: Bus Rapid Transit Systems Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 70: Others: Bus Rapid Transit Systems Market: Sales Value (in Million US$), 2015 & 2020
Figure 71: Others: Bus Rapid Transit Systems Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 72: Middle East and Africa: Bus Rapid Transit Systems Market: Sales Value (in Million US$), 2015 & 2020
Figure 73: Middle East and Africa: Bus Rapid Transit Systems Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 74: Global: Bus Rapid Transit Systems Industry: SWOT Analysis
Figure 75: Global: Bus Rapid Transit Systems Industry: Value Chain Analysis
Figure 76: Global: Bus Rapid Transit Systems Industry: Porter’s Five Forces Analysis

List of Tables
Table 1: Global: Bus Rapid Transit Systems Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Bus Rapid Transit Systems Market Forecast: Breakup by Bus Type (in Million US$), 2021-2026
Table 3: Global: Bus Rapid Transit Systems Market Forecast: Breakup by System Type (in Million US$), 2021-2026
Table 4: Global: Bus Rapid Transit Systems Market Forecast: Breakup by Fuel Type (in Million US$), 2021-2026
Table 5: Global: Bus Rapid Transit Systems Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 6: Global: Bus Rapid Transit Systems Market Structure
Table 7: Global: Bus Rapid Transit Systems Market: Key Players
Note: Product cover images may vary from those shown
  • AB Volvo
  • Ashok Leyland (Hinduja Group)
  • BYD Company Limited
  • Cubic Corporation
  • Daimler AG
  • MAN SE (Volkswagen AG)
  • Marcopolo S.A.
  • Tata Motors Limited (Tata Group)
  • Xiamen King Long Motor Group Co. Ltd.
  • Zhengzhou Yutong Bus Co. Ltd.
Note: Product cover images may vary from those shown

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