Global Bus Rapid Transport Systems (BRT) Market 2018-2022

The infographic below contains key findings from our analysis of the bus rapid transport systems market 

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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

• Americas
• APAC
• EMEA

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?