Press release
Bus Rapid Transit Systems (BRT) Market - Global Industry Analysis, Size, Share, Growth, Trends, Forecast 2020
The Bus Rapid Transit Systems (BRT) is the upcoming public transportation system providing efficient, cost effective, safer and faster transport than the traditional bus service. The deployment of BRT requires up-gradation of the existing infrastructure to help improvise its functionality. In developed countries it is known as busway while in other countries it is known as quality bus.The world’s first BRT was Rede Integrada de Transporte deployed in Brazil, 1974. The BRT has certain unique features such as dedicated roadways or right side bus way only. Certain BRT’s have onboard fare charging while others have off board, which smoothens the transportation process.
Get Sample PDF file of Bus Rapid Transit Systems Market
http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=549
With the advent of sophisticated lifestyles in metro cities, the necessity of a cost effective and high quality transit service was recognized leading to the development of the BRT. Faster and safer means of transportation supplemented by hygienic conditions are some of the crucial factors driving the markets of BRT systems.
Government all over the world are encouraging the market for BRT system by taking initiative to improve their transport systems, thereby safeguarding the lives of the common people through safer transit systems. This is one of the significant factors fueling the BRT systems market.
With the deployment of less polluting BRT systems, the EPA regulatory agency and other regulatory bodies have also been supporting the development and implementation of BRT systems across the globe. The deployment of such BRT systems will not only help in reduction of the pollutants released but also in controlling the global warming scenario.
The development of a country is highly proportional to its infrastructure development. Thus, government of emerging economies is encouraging the implementation of the BRT systems and the trend is likely to continue over the forecast period. Policy shifts at the national level that favor sustainable urban transport is also prominent factor driving the market for BRT systems. The establishment of national public transportation investment programs by emerging economies represents major allocation of national funds for mass transit projects in the urban areas. Due to which, the market has observed swift expansion of metro systems and bus rapid transit (BRT) in emerging countries. Countries such as India and Chain are promoting private motorization due to which, efforts to provide high quality mass transit is a significant event to ensure high quality comfort for urban residents. Developed countries have also witnessed resurgence in the BRT systems projects.
Political issues and local inhabitants opposing the deployment of the BRT systems act as the major inhibitors to the BRT systems market. The initialization cost of BRT systems is quite high which requires complete transformation of the existing infrastructure leading to traffic jams initially, acting as another restraint to the BRT systems market. Following is the typical capital cost required to implement a BRT system.
As per 2012, around 36 Countries worldwide implemented BRT systems. To ensure traffic free roads 129 new corridors are implemented since 2000. Brazil has implemented one of the largest route ways for BRTs i.e. around 560 kilometers (348 miles). Moreover, approximately 600,000 passengers travel by the U.S. BRT systems daily. Some of the successful BRT systems across the globe include, Brampton Transit's Züm, Calgary Transit Routes, Société de transport de Montréal's Route 505, Metro Transit's MetroLink, Kelowna Regional Transit System's RapidBus.
About Us :
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
Contact Us :-
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Bus Rapid Transit Systems (BRT) Market - Global Industry Analysis, Size, Share, Growth, Trends, Forecast 2020 here
News-ID: 370550 • Views: …
More Releases from TMR - Techno _ R
NFC-Enabled Phones and Contactless Smartcards Market - rowth, Trends, Forecast, …
Modern-day businesses are increasingly seeking newer methods of speeding productivity, saving money, and increasing sales. Near field communication (NFC)-enabled phones and contactless smartcards have emerged as an essential part of contactless payment technology, which marks the development of a cashless society. The mass adoption of contactless payment options such as NFC-enabled phones and contactless smartcards by both customers and merchants is triggered by the growth of digital technology.
The research report…
Ethernet over Coax (EoC) Equipment and Subscribers Market - Global and China Ind …
The global EOC equipment and subscriber market will register robust growth due to globally escalating data transfer requirements. Ethernet over Coax or (EoC) is a group of technologies that transmits Ethernet frames over coaxial cable. During its initial days, the idea of transmitting radio frequency through coaxial cable seemed far-fetched. However, after several technological advances, coaxial cables now offer better connectivity and faster data transfer. This has substantially contributed to…
Smart Education And Learning Market - Global Industry Size, Share, Trends, Analy …
The smart education and learning market is growing substantially as the number of students opting for digital education and distant learning for gaining knowledge and degrees is increasing day by day. The digital education market is widely catering to the need of governments and international standardization bodies for training and developing skilled and educated workforce in various fields.
One of the major factors driving this market is the growing demand…
Digital Photography Market - Global Industry Size, Share, Trends, Analysis And F …
Marketing is sharpening its focus on the ‘D’ word whether it is the Digital market or Digital photography market. Just 20 years ago, people were considerably less aware about this market as well as the charming opportunities that it could provide.
The market for digital photography is estimated at USD 82.6 billion by the year 2016, registering a growth of 5.9% annually. The digital photography market with its complementary products…
More Releases for BRT
BRT LED Announces Production Line Upgrade to Deliver High-Efficiency NEON Soluti …
BRT LED (Shenzhen Bright Lighting Technology Co., Ltd.), a leading OEM and ODM manufacturer in the LED lighting industry, has announced a major upgrade to its production line to enhance the performance and quality of its High-Efficiency NEON strip lights.
BRT LED (Shenzhen Bright Lighting Technology Co., Ltd.), a leading OEM and ODM manufacturer in the LED lighting industry, has announced a major upgrade to its production line to enhance the…
Global Bus Rapid Transport Systems (BRT) Market Imapct of AI and Automation
Bus Rapid Transport Systems (BRT) Market Impact of AI and Automation
The global Bus Rapid Transport Systems (BRT) market was valued at approximately USD 30 billion in 2022, demonstrating a compound annual growth rate (CAGR) of 7.5% from 2023 to 2028. This growth is driven by increasing urbanization and the need for efficient public transportation solutions. BRT systems offer high-capacity, cost-effective, and rapid transit options, which are becoming increasingly popular among…
Bus Rapid Transport Systems (BRT) Market is Growing Worldwide | Macropolo, Daiml …
The Latest published a market study on Global Bus Rapid Transport Systems (BRT) Market provides an overview of the current market dynamics in the Bus Rapid Transport Systems (BRT) space, as well as what our survey respondents- all outsourcing decision-makers- predict the market will look like in 2027. The study breaks the market by revenue and volume (wherever applicable) and price history to estimate the size and trend analysis and…
Bus Rapid Transport Systems (Brt) Market | Present Scenario And Growth Prospects …
The Market Size of Bus Rapid Transport Systems (BRT) Will Experience A Substantial CAGR Between 2022 And 2028
This is a comprehensive report on the Bus Rapid Transport Systems (BRT) Market for the period 2022. Presented in the report are a number of trends and market drivers in the current environment, as well as on-the-ground insights.
Global Bus Rapid Transport Systems (BRT) Market research reports provide a comprehensive…
Bus Rapid Transport Systems (BRT) Market: Competitive Dynamics & Global Outlook …
Market Research Report Store offers a latest published report on Bus Rapid Transport Systems (BRT) Market Analysis and Forecast 2019-2025 delivering key insights and providing a competitive advantage to clients through a detailed report.
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…
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…