Press release
Bus Rapid Transit System (BRTS) Market Size-Forecast to 2026
Bus Rapid Transit System (BRTS) Market
During the forecast period, the increased need for decongestion, combined with increasingly stochastic development with targeted journeys, would drive the demand for BRTS. Furthermore, urban sprawl is increasing the utilization of public commuting, and there is a growing desire to use ecologically friendly and green modes of public mobility, which is boosting market expansion.
Browse 151 Market Data Tables and 111 Figures spread through 181 Pages and in-depth TOC on “Bus Rapid Transit System (BRTS) Market - Forecast to 2026" https://www.globalmarketestimates.com/market-report/bus-rapid-transit-system-brts-market-3602
By Bus Type (Standard, Articulated, Others), By System Type (Open BRT System, Closed BRT System, Hybrid BRT System), By Fuel Type (Diesel, Natural Gas, Others), By Region (By Region (North America, Asia Pacific, Central & South America, Europe, and the Middle East and Africa), Competitive Landscape, Company Market Share Analysis, and Competitor Analysis
Key Market Insights
• As per the bus type outlook, the market for the standard BRTS segment is expected to have the largest share and is attributable to the fact that a standard BRTS is designed to outperform a traditional bus system in terms of capacity and dependability.
• The closed BRTS segment is estimated to hold the largest share in the market during the forecast period as closed BRTS makes it possible for stringent management of the operations, carrying capacity, and minimal queue length.
• The demand for natural gas as per the fuel type outlook is expected to hold the lion’s share in the market during the forecast period as natural gas buses emit 12 % fewer greenhouse gases than diesel buses.
• The need for BRTS in the Asia-Pacific region is being driven by a growing desire to prevent rapid and unregulated transportation expansion during the forecast period as per regional outlook.
• Tata Motors, AB Volvo, Ashok Leyland, MAN, Marco polo S.A, Yutong, BYD Company Ltd, King Long, Daimler AG, Cubic Corporation, among others are the top players in the bus rapid transit system (BRTS) market.
Browse the Report @ https://www.globalmarketestimates.com/market-report/bus-rapid-transit-system-brts-market-3602
Bus Type Outlook (Revenue, USD Million, 2021-2026)
• Standard
• Articulated
• Others
System Type Outlook (Revenue, USD Million, 2021-2026)
• Open BRTS
• Closed BRTS
• Hybrid BRTS
Fuel Outlook (Revenue, USD Million, 2021-2026)
• Natural Gas
• Diesel
• Others
Regional Outlook (Revenue, USD Million, 2021-2026)
North America
• The U.S.
• Canada
• Mexico
Europe
• Germany
• UK
• France
• Spain
• Italy
• Rest of Europe
Asia Pacific
• China
• India
• Japan
• South Korea
• Australia
• Rest of APAC
Central & South America
• Brazil
• Argentina
• Rest of CSA
Middle East & Africa
• Saudi Arabia
• UAE
• Rest of MEA
Contact: Yash Jain
Email address: yash.jain@globalmarketestimates.com
Phone Number: +16026667238
Website: https://www.globalmarketestimates.com
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About Bus Rapid Transit (BRT) Market
Summary
Bus Rapid Transport Systems (BRT) is an innovative, high capacity, lower cost public transit solution that can significantly improve urban mobility. Â 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,…
