Press release
Global Bus Rapid Transport Systems (BRTS) Market Trends, Business Overview, Industry Growth and Forecast to 2028
The global bus rapid transport systems (BRTS) market is anticipated to grow at a significant CAGR 5% during the forecast period (2022-2028). The rapid urban development across the globe, especially in emerging economies, represents one of the key drivers of market growth. The increase in global population that led to an increase in demand for improved transportation is further expected to drive the market growth. BRTS improve road safety by controlling traffic congestion and reducing the risk of accidents, injuries, and mortalities.The implementation of pro-government policies that promote the adoption of sustainable and efficient transport systems that have a small impact on the environment also contributes to market growth. BRTS vendors are developing low-powered battery-powered buses. It is also produced buses that can work well on clean fuels, such as biodiesel, compressed natural gas (CNG), and liquified petroleum gas (LPG). Other factors, including significant infrastructure improvements, as well as the use of advanced global communication technologies, are expected to boost the market during the forecasted period.
In December 2020, BYD won a major order to bring another 406 clean electric buses to the Colombian capital Bogota. BYD will work with Superpolo, a Colombian bus manufacturer, on the bus component to deliver the order. The buses were awarded tenders by the Bogota City Public Transport Authority.
Further, in July 2021, BYD UK and Alexander Dennis Ltd. announced that their partnership with electric vehicles, the UK's leading electric bus manufacturer, had signed a framework agreement with the National Transport Authority of Ireland (NTA) for the delivery of 200 BYD ADL Enviro200EV electric buses emit zero-emission. Such market activities are further expected to drive the market growth.
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Market Coverage
• The market number available for - 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
o By Bus Type
o By System Type
o Fuel Type
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- AB Volvo, Ashok Leyland, BYD Company Ltd., King Long, and Tata Motors, among others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?
A full report of Global Bus Rapid Transport Systems (BRTS) Market is available at:
https://orionmarketreports.com/global-bus-rapid-transport-systems-brts-market/96923/
Global Bus Rapid Transport Systems BRTMarket Report by Segment
By Bus Type
• Standard
• Articulated
• Others
By Application
• Urban Areas
• Others
By System Type
• Open BRT System
• Closed BRT System
• Hybrid BRT System
By Fuel Type
• Diesel
• Natural Gas
• Others
Global Bus Rapid Transport Systems BRTMarket Report by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
Company name: Orion Market Reports
Contact person: Mr. Anurag Tiwari
Email: info@orionmarketreports.com
Contact no: +91 780-304-0404
About us:
Orion Market Reports (OMR) endeavors to provide exclusive blend of qualitative and quantitative market research reports to clients across the globe. Our organization helps both multinational and domestic enterprises to bolster their business by providing in-depth market insights and most reliable future market trends. Our reports address all the major aspects of the markets providing insights and market outlook to global clients.
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