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Overview of the global bus rapid transport systems (BRT) market
The rapid urbanization globally will be one of the primary bus rapid transport systems market drivers. Due to the 50% global population residing in urban areas, the urban population is increasingly higher than the rural population. Several developed and developing regions are witnessing rapid urbanization. Tokyo is the most populated with 36 million residents, followed by Delhi with 24 million residents, Shanghai with more than 22 million, and Mumbai and Sao Paulo with more than 20 million residents. Medium cities globally are witnessing extensive growing rate of urbanization. The bus rapid transport systems market report predicts the market to grow steadily at a CAGR of almost 10% by 2022.
The growing capacity of BRT systems will drive the bus rapid transport systems market growth throughout the forecast period. Metropolitan cities such as Mexico City, New York, Tokyo-Yokohama, Mumbai, Sao Paulo, and Seoul, are highly populated with 20-40 million residents. In such busy cities, transportation challenges can be solved only by public transportations. Consumers are focused on easy transportation and mobility. Consequently, this gives rise to vehicles that can transport huge number of passengers within the city.
Companies covered
The bus rapid transport systems (BRT) market is characterized by numerous vendors. This market report studies the competitive environment of the bus rapid transit market containing numerous key vendors offering diverse product portfolio. Technavio’s analysts also analyze the key focus areas and the strategies adopted by brt transport providers to sustain profitably in the bus rapid transport systems (BRT) market.
This bus rapid transport systems market research provides an analysis of the various companies in this market including:
- Ashok Leyland
- Daimler
- MAN
- Marcopolo
- Tata Motors
- Volvo Group
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Geographical segmentation and analysis of the bus rapid transport systems (BRT) market
The Americas will be the major bus rapid transport systems market revenue contributor throughout the forecast period. Due to the high adoption rates of the BRT systems throughout the lifecycle will drive the growth of the BRT systems market.
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Key questions answered in the report include
- What will the market size and the growth rate be of the global bus rapid transport systems (BRT) market in 2022?
- What are the key factors driving the global bus rapid transport systems (BRT) market?
- What are the key market trends impacting the growth of the global bus rapid transport systems (BRT) market?
- What are the challenges to market growth?
- Who are the key vendors in the global bus rapid transport systems (BRT) market?
- What are the market opportunities and threats faced by the vendors in the global bus rapid transport systems (BRT) market?
- Trending factors influencing the market shares of the global bus rapid transport systems (BRT) market in Americas, APAC, and EMEA.
- What are the key outcomes of the five forces analysis of the global bus rapid transport systems (BRT) market?
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: INTRODUCTION
PART 05: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Market segmentation analysis
PART 06: MARKET SIZING
- Market definition
- Market sizing 2017
- Market size and forecast 2017-2022
PART 07: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 08: MARKET SEGMENTATION BY SERVICE TYPE
- Segmentation by service type
- Open BRT system – Market size and forecast 2017-2022
- Closed BRT system – Market size and forecast 2017-2022
- Hybrid BRT system – Market size and forecast 2017-2022
- Market opportunity by service type
PART 09: CUSTOMER LANDSCAPE
PART 10: REGIONAL LANDSCAPE
- Geographical segmentation
- Americas – Market size and forecast 2017-2022
- APAC – Market size and forecast 2017-2022
- EMEA – Market size and forecast 2017-2022
- Market opportunity
PART 11: DECISION FRAMEWORK
PART 12: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
PART 13: MARKET TRENDS
- Battery driven electric buses for BRT systems
- Surge in high capacity BRT systems
- Rise of guided systems for BRT
PART 14: VENDOR LANDSCAPE
- Overview
- Landscape disruption
- Competitive scenario
PART 15: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Ashok Leyland
- Daimler
- MAN
- Marcopolo
- Tata Motors
- Volvo Group
PART 16: APPENDIX
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape