The global bus rapid transit (BRT) market is set to gain impetus from the implementation of strict rules by the governments of China and India to reduce emissions of greenhouse gas. Therefore, several manufacturers have started producing battery-electric buses. This information is given by Fortune Business Insights™ in a new report, titled, “Bus Rapid Transit (BRT) Market Size, Share & Industry Analysis, By Bus Type (Standard, Articulated, Others), By Application (Urban Areas, Others), and Regional Forecast, 2020-2027.” The report further states that the bus rapid transit market size was USD 822.86 million in 2019 and is projected to reach USD 1040.27 million by 2027, exhibiting a CAGR of 8.1% during the forecast period.
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Fortune Business Insights™ lists out the names of all the prominent BRT system manufacturers operating in the global market. They are as follows:
AB Volvo
Tata Motors
MAN
Ashok Leyland
Yutong
Marcopolo S.A.
King Long
Articulated Segment to Show Largest Share Fueled by Need for Ballooning Ridership
Based on bus type, the market is segregated into articulated, standard, and others. Out of these, the articulated segment is expected to generate the largest bus rapid transit market share in the coming years. This growth is attributable to the need for ballooning ridership and accommodating large-volume loading.
Competitive Landscape-
Key Players Focus on Achieving New Orders from Prominent Agencies
The market consists of a large number of manufacturers that are persistently striving to gain a competitive edge by bagging contracts from other agencies. Through such contracts, they would be able to deliver their in-house BRT systems and buses for enhancing transportation networks. Below are two of the latest industry developments:
February 2020: Volvo Buses provided 21 conventional, 13 B340M articulated, and 6 B340M bi-articulated buses to Curitiba for improving its transportation system.
December 2019: New Flyer bagged a contract from Brampton Transit (Canada) to provide 60-foot Xcelsior diesel-electric hybrid buses. It will be delivering 10 heavy-duty buses for broadening the Zum bus rapid transit fleet.
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Major Table of Content for Bus Rapid Transit (BRT) Market:
Introduction
Research Scope
Market Segmentation
Research Methodology
Definitions and Assumptions
Executive Summary
Market Dynamics
Market Drivers
Market Restraints
Market Opportunities
Key Insights
Merger, Acquisitions, and Partnerships
Distributor Analysis – For Major Players
Growth and Penetration Analysis
Porter’s Five Forces Analysis
PEST Analysis
Vendor Landscape
Global Bus Rapid Transit Market Analysis, Insights and Forecast, 2016-2027
Key Findings / Summary
Market Analysis, Insights and Forecast – By Bus Type
Standard
Articulated
Others
Market Analysis, Insights and Forecast – By Application
Urban Area
Others
Market Analysis, Insights and Forecast – By Region
North America
Europe
Asia Pacific
Rest of the World
TOC Continued…
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