28 March 2019 - The Global Bus
Rapid Transport Systems (BRT) Market is anticipated to grow at a
significant CAGR of 9.57% during the forecast period. Bus rapid transport
systems (BRT) is a public transportation system that provides efficient and
safer transportation when compared to traditional bus service. BRT’s have gained
a wide popularity and has benefited commuters with high-quality public transits
from around the world. It has proven as a cost-effective alternative for
expensive urban settlements since high-quality bus-based systems serve an
excellent commute service based on a few principles. Operating with an
organized approach, it is mainly designed for urban settings.
Bus
rapid transport systems (BRT) market is driven by development of transport
systems in metro cities for commuters. Government spending and awareness for
developing a sustainable infrastructure for transport is a priority based need
in urban areas. Tremendous load of commuters and shortage of transport vehicles
is likely to propel the market growth during the forecast period.
Metro
cities all around the world are now adopting this model as it ensures less
traffic and encourages safety for pedestrians and other commuters. However,
political differences and corruption on regional level affects the progress of
the BRT systems in various cities. Market is geographically segmented as North
America, South America, Europe, Asia-Pacific, Middle East and Africa.
North
America and Europe market is expected to grow at a significant CAGR during the
forecast period owing to technological developments in the transport systems
for daily commuters. Asia-Pacific regions are likely to grow in the forecast
period due to developing interests of government to build a robust transport
system. Rise in tourism also triggers the need to have an efficient and
organized transport system.
The
key players profiled in the bus rapid transport systems (BRT) market report are
Brampton Transit’s Zum, Calgary Transit Services, Kelowna Regional Transit
System’s Rapid Bus, and Societe De Transport De Montreal’s Route 505.
Market Segment:
Geographically, this report is segmented
into several key Regions, with production, consumption, revenue (million USD),
market share and growth rate of Bus Rapid Transport Systems (BRT) in these regions,
from 2012 to 2023 (forecast), covering
•
North America
•
Europe
•
China
•
Japan
•
Southeast Asia
•
India
Global Bus Rapid Transport Systems (BRT)
market competition by top manufacturers, with production, price, revenue
(value) and market share for each manufacturer; the top players including
•
Volvo
•
Volkswagen
•
Yutong
•
JINLONG
•
Macropolo
•
Daimler
•
Qingnian
•
Tata
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