Bus Rapid Transport Systems (BRT) Market Growth 2019-2024

Bus Rapid Transport Systems (BRT) is an innovative, high capacity, lower cost public transit solution that can significantly improve urban mobility. This permanent, integrated system uses buses or specialized vehicles on roadways or dedicated lanes to quickly and efficiently transport passengers to their destinations, while offering the flexibility to meet transit demand. BRT systems can easily be customized to community needs and incorporate state-of-the-art, low-cost technologies that result in more passengers and less congestion.

The bus rapid transport systems is relatively concentrated, the production of top eight manufacturers account about 80% of global production. The high-end products mainly come from Latin America and China.
In the world wide, the plants of major manufactures mainly distribute in Latin America and China, In Latin America, transnational companies, like Volvo and Volkswagen, are the leading manufactures in this area. As to China, Yutong and JINLONG have become the leader of domestic manufactures.

This industry is affected by the economy and policy, so it’s important to put an eye to economic indexes and leaders’ prefer. With the global economic recovery, more and more countries focus on traffic congestion especially in underdevelopment regions that have fast economic growth and potentially public transit consumption, the need of bus rapid transport systems will increase.

According to this study, over the next five years the Bus Rapid Transport Systems (BRT) market will register a 6.3% CAGR in terms of revenue, the global market size will reach US$ 2850 million by 2024, from US$ 1980 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Bus Rapid Transport Systems (BRT) business, shared in Chapter 3.

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The provincial analysis of the worldwide Bus Rapid Transport Systems Industry splits the global market area into key areas that include both continents as well as specific countries which are currently shining in phrases of demand, volume or normal Trends.

Companies Mentioned are:

Volvo
Volkswagen
Yutong
JINLONG
Macropolo
Daimler
Qingnian
Tata

Global Bus Rapid Transport Systems Market focuses on global major leading industry players providing information such as company profiles, product picture and specification, capacity, production, price, cost, revenue and contact information. Upstream raw materials and equipment and downstream demand analysis is also carried out. The Bus Rapid Transport Systems industry development trends and marketing channels are analyzed. Finally the feasibility of new investment projects are assessed and overall research conclusions offered.

Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed. This report also states import/export consumption, supply and demand Figures, cost, price, revenue and gross market Bus Rapid Transport Systems.

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The study objectives of this report are:
• To analyze and study the global Bus Rapid Transport Systems capacity, production, value, consumption, status (2013-2017) and forecast (2018-2025);

• Focuses on the key Bus Rapid Transport Systems manufacturers, to study the capacity, production, value, market share and development plans in future.

• Focuses on the global key manufacturers, to define, describe and analyze the market competition landscape, SWOT analysis.

• To define, describe and forecast the market by type, application and region.

• To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.

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