Dublin, Dec. 21, 2020 (GLOBE NEWSWIRE) -- The "Bus Rapid Transit Systems (BRT) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025" report has been added to ResearchAndMarkets.com's offering.
The global bus rapid transit systems (BRT) market grew at a CAGR of around 7% during 2014-2019. Looking forward, the global bus rapid transit systems (BRT) market to continue its moderate growth during the next five years.
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.
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?
Key Topics Covered:
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.4 Market Estimation
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
6.2 Articulated
6.3 Others
7 Market Breakup by System Type
7.1 Open BRT System
7.2 Closed BRT System
7.3 Hybrid BRT System
8 Market Breakup by Fuel Type
8.1 Diesel
8.2 Natural Gas
8.3 Others
9 Market Breakup by Region
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
- 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
For more information about this report visit https://www.researchandmarkets.com/r/nlv5oe
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Global Bus Rapid Transit Systems (BRT) Market Report 2020: Market Grew at a CAGR of Around 7% During 2014-2019 - Forecast to 2025 - GlobeNewswire
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