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Bus Rapid Transit (BRT) Systems-Global Market Insights and Sales Trends 2024
Synopsis
The global Bus Rapid Transit (BRT) Systems market size is expected to reach US$ 3859.8 million by 2029, growing at a CAGR of 6.0% from 2023 to 2029. The market is mainly driven by the significant applications of Bus Rapid Transit (BRT) Systems in various end use industries. The expanding demands from the Large City and Medium-Sized City, are propelling Bus Rapid Transit (BRT) Systems market. Open Type Exclusive Lane, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Semi-Open Exclusive Lane segment is estimated at % CAGR for the next seven-year period.
Asia Pacific shows high growth potential for Bus Rapid Transit (BRT) Systems market, driven by demand from China, the second largest economy with some signs of stabilising, the Bus Rapid Transit (BRT) Systems market in China is forecast to reach US$ million by 2029, trailing a CAGR of % over the 2023-2029 period, while the U.S. market will reach US$ million by 2029, exhibiting a CAGR of % during the same period.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Bus Rapid Transit (BRT) Systems, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Bus Rapid Transit (BRT) Systems market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Bus Rapid Transit (BRT) Systems market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Bus Rapid Transit (BRT) Systems sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Bus Rapid Transit (BRT) Systems covered in this report include Novasbus, ITDP, MAN Corporation, ZF, Volvo Group, Siemens, Samarthyam, Rapid Transit and Init, etc.
The global Bus Rapid Transit (BRT) Systems market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Novasbus
ITDP
MAN Corporation
ZF
Volvo Group
Siemens
Samarthyam
Rapid Transit
Init
Innovation
Cubic
Youngman
Xiamen Kinglong
Yutong Group
Lantianyuan Technology
Qingdao Hinsense
Yutong Group
Jiangsu Huimin Traffic Facility
Global Bus Rapid Transit (BRT) Systems market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Bus Rapid Transit (BRT) Systems market, Segment by Type:
Open Type Exclusive Lane
Semi-Open Exclusive Lane
Other
Global Bus Rapid Transit (BRT) Systems market, by Application
Large City
Medium-Sized City
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter Two: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter Three: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter Four: Detailed analysis of Bus Rapid Transit (BRT) Systems companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion
The global Bus Rapid Transit (BRT) Systems market size is expected to reach US$ 3859.8 million by 2029, growing at a CAGR of 6.0% from 2023 to 2029. The market is mainly driven by the significant applications of Bus Rapid Transit (BRT) Systems in various end use industries. The expanding demands from the Large City and Medium-Sized City, are propelling Bus Rapid Transit (BRT) Systems market. Open Type Exclusive Lane, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Semi-Open Exclusive Lane segment is estimated at % CAGR for the next seven-year period.
Asia Pacific shows high growth potential for Bus Rapid Transit (BRT) Systems market, driven by demand from China, the second largest economy with some signs of stabilising, the Bus Rapid Transit (BRT) Systems market in China is forecast to reach US$ million by 2029, trailing a CAGR of % over the 2023-2029 period, while the U.S. market will reach US$ million by 2029, exhibiting a CAGR of % during the same period.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Bus Rapid Transit (BRT) Systems, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Bus Rapid Transit (BRT) Systems market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Bus Rapid Transit (BRT) Systems market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Bus Rapid Transit (BRT) Systems sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Bus Rapid Transit (BRT) Systems covered in this report include Novasbus, ITDP, MAN Corporation, ZF, Volvo Group, Siemens, Samarthyam, Rapid Transit and Init, etc.
The global Bus Rapid Transit (BRT) Systems market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Novasbus
ITDP
MAN Corporation
ZF
Volvo Group
Siemens
Samarthyam
Rapid Transit
Init
Innovation
Cubic
Youngman
Xiamen Kinglong
Yutong Group
Lantianyuan Technology
Qingdao Hinsense
Yutong Group
Jiangsu Huimin Traffic Facility
Global Bus Rapid Transit (BRT) Systems market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Bus Rapid Transit (BRT) Systems market, Segment by Type:
Open Type Exclusive Lane
Semi-Open Exclusive Lane
Other
Global Bus Rapid Transit (BRT) Systems market, by Application
Large City
Medium-Sized City
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter Two: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter Three: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter Four: Detailed analysis of Bus Rapid Transit (BRT) Systems companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion
Index1 Market Overview of Bus Rapid Transit (BRT) Systems
1.1 Bus Rapid Transit (BRT) Systems Market Overview
1.1.1 Bus Rapid Transit (BRT) Systems Product Scope
1.1.2 Bus Rapid Transit (BRT) Systems Market Status and Outlook
1.2 Global Bus Rapid Transit (BRT) Systems Market Size Overview by Region 2018 VS 2022 VS 2029
1.3 Global Bus Rapid Transit (BRT) Systems Market Size by Region (2018-2029)
1.4 Global Bus Rapid Transit (BRT) Systems Historic Market Size by Region (2018-2023)
1.5 Global Bus Rapid Transit (BRT) Systems Market Size Forecast by Region (2024-2029)
1.6 Key Regions, Bus Rapid Transit (BRT) Systems Market Size (2018-2029)
1.6.1 North America Bus Rapid Transit (BRT) Systems Market Size (2018-2029)
1.6.2 Europe Bus Rapid Transit (BRT) Systems Market Size (2018-2029)
1.6.3 Asia-Pacific Bus Rapid Transit (BRT) Systems Market Size (2018-2029)
1.6.4 Latin America Bus Rapid Transit (BRT) Systems Market Size (2018-2029)
1.6.5 Middle East & Africa Bus Rapid Transit (BRT) Systems Market Size (2018-2029)
2 Bus Rapid Transit (BRT) Systems Market by Type
2.1 Introduction
2.1.1 Open Type Exclusive Lane
2.1.2 Semi-Open Exclusive Lane
2.1.3 Other
2.2 Global Bus Rapid Transit (BRT) Systems Market Size by Type: 2018 VS 2022 VS 2029
2.2.1 Global Bus Rapid Transit (BRT) Systems Historic Market Size by Type (2018-2023)
2.2.2 Global Bus Rapid Transit (BRT) Systems Forecasted Market Size by Type (2024-2029)
2.3 Key Regions Market Size by Type
2.3.1 North America Bus Rapid Transit (BRT) Systems Revenue Breakdown by Type (2018-2029)
2.3.2 Europe Bus Rapid Transit (BRT) Systems Revenue Breakdown by Type (2018-2029)
2.3.3 Asia-Pacific Bus Rapid Transit (BRT) Systems Revenue Breakdown by Type (2018-2029)
2.3.4 Latin America Bus Rapid Transit (BRT) Systems Revenue Breakdown by Type (2018-2029)
2.3.5 Middle East and Africa Bus Rapid Transit (BRT) Systems Revenue Breakdown by Type (2018-2029)
3 Bus Rapid Transit (BRT) Systems Market Overview by Application
3.1 Introduction
3.1.1 Large City
3.1.2 Medium-Sized City
3.2 Global Bus Rapid Transit (BRT) Systems Market Size by Application: 2018 VS 2022 VS 2029
3.2.1 Global Bus Rapid Transit (BRT) Systems Historic Market Size by Application (2018-2023)
3.2.2 Global Bus Rapid Transit (BRT) Systems Forecasted Market Size by Application (2024-2029)
3.3 Key Regions Market Size by Application
3.3.1 North America Bus Rapid Transit (BRT) Systems Revenue Breakdown by Application (2018-2029)
3.3.2 Europe Bus Rapid Transit (BRT) Systems Revenue Breakdown by Application (2018-2029)
3.3.3 Asia-Pacific Bus Rapid Transit (BRT) Systems Revenue Breakdown by Application (2018-2029)
3.3.4 Latin America Bus Rapid Transit (BRT) Systems Revenue Breakdown by Application (2018-2029)
3.3.5 Middle East and Africa Bus Rapid Transit (BRT) Systems Revenue Breakdown by Application (2018-2029)
4 Bus Rapid Transit (BRT) Systems Competition Analysis by Players
4.1 Global Bus Rapid Transit (BRT) Systems Market Size by Players (2018-2023)
4.2 Global Top Players by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Bus Rapid Transit (BRT) Systems as of 2022)
4.3 Date of Key Players Enter into Bus Rapid Transit (BRT) Systems Market
4.4 Global Top Players Bus Rapid Transit (BRT) Systems Headquarters and Area Served
4.5 Key Players Bus Rapid Transit (BRT) Systems Product Solution and Service
4.6 Competitive Status
4.6.1 Bus Rapid Transit (BRT) Systems Market Concentration Rate
4.6.2 Mergers & Acquisitions, Expansion Plans
5 Company (Top Players) Profiles
5.1 Novasbus
5.1.1 Novasbus Profile
5.1.2 Novasbus Main Business
5.1.3 Novasbus Bus Rapid Transit (BRT) Systems Products, Services and Solutions
5.1.4 Novasbus Bus Rapid Transit (BRT) Systems Revenue (US$ Million) & (2018-2023)
5.1.5 Novasbus Recent Developments
5.2 ITDP
5.2.1 ITDP Profile
5.2.2 ITDP Main Business
5.2.3 ITDP Bus Rapid Transit (BRT) Systems Products, Services and Solutions
5.2.4 ITDP Bus Rapid Transit (BRT) Systems Revenue (US$ Million) & (2018-2023)
5.2.5 ITDP Recent Developments
5.3 MAN Corporation
5.3.1 MAN Corporation Profile
5.3.2 MAN Corporation Main Business
5.3.3 MAN Corporation Bus Rapid Transit (BRT) Systems Products, Services and Solutions
5.3.4 MAN Corporation Bus Rapid Transit (BRT) Systems Revenue (US$ Million) & (2018-2023)
5.3.5 ZF Recent Developments
5.4 ZF
5.4.1 ZF Profile
5.4.2 ZF Main Business
5.4.3 ZF Bus Rapid Transit (BRT) Systems Products, Services and Solutions
5.4.4 ZF Bus Rapid Transit (BRT) Systems Revenue (US$ Million) & (2018-2023)
5.4.5 ZF Recent Developments
5.5 Volvo Group
5.5.1 Volvo Group Profile
5.5.2 Volvo Group Main Business
5.5.3 Volvo Group Bus Rapid Transit (BRT) Systems Products, Services and Solutions
5.5.4 Volvo Group Bus Rapid Transit (BRT) Systems Revenue (US$ Million) & (2018-2023)
5.5.5 Volvo Group Recent Developments
5.6 Siemens
5.6.1 Siemens Profile
5.6.2 Siemens Main Business
5.6.3 Siemens Bus Rapid Transit (BRT) Systems Products, Services and Solutions
5.6.4 Siemens Bus Rapid Transit (BRT) Systems Revenue (US$ Million) & (2018-2023)
5.6.5 Siemens Recent Developments
5.7 Samarthyam
5.7.1 Samarthyam Profile
5.7.2 Samarthyam Main Business
5.7.3 Samarthyam Bus Rapid Transit (BRT) Systems Products, Services and Solutions
5.7.4 Samarthyam Bus Rapid Transit (BRT) Systems Revenue (US$ Million) & (2018-2023)
5.7.5 Samarthyam Recent Developments
5.8 Rapid Transit
5.8.1 Rapid Transit Profile
5.8.2 Rapid Transit Main Business
5.8.3 Rapid Transit Bus Rapid Transit (BRT) Systems Products, Services and Solutions
5.8.4 Rapid Transit Bus Rapid Transit (BRT) Systems Revenue (US$ Million) & (2018-2023)
5.8.5 Rapid Transit Recent Developments
5.9 Init
5.9.1 Init Profile
5.9.2 Init Main Business
5.9.3 Init Bus Rapid Transit (BRT) Systems Products, Services and Solutions
5.9.4 Init Bus Rapid Transit (BRT) Systems Revenue (US$ Million) & (2018-2023)
5.9.5 Init Recent Developments
5.10 Innovation
5.10.1 Innovation Profile
5.10.2 Innovation Main Business
5.10.3 Innovation Bus Rapid Transit (BRT) Systems Products, Services and Solutions
5.10.4 Innovation Bus Rapid Transit (BRT) Systems Revenue (US$ Million) & (2018-2023)
5.10.5 Innovation Recent Developments
5.11 Cubic
5.11.1 Cubic Profile
5.11.2 Cubic Main Business
5.11.3 Cubic Bus Rapid Transit (BRT) Systems Products, Services and Solutions
5.11.4 Cubic Bus Rapid Transit (BRT) Systems Revenue (US$ Million) & (2018-2023)
5.11.5 Cubic Recent Developments
5.12 Youngman
5.12.1 Youngman Profile
5.12.2 Youngman Main Business
5.12.3 Youngman Bus Rapid Transit (BRT) Systems Products, Services and Solutions
5.12.4 Youngman Bus Rapid Transit (BRT) Systems Revenue (US$ Million) & (2018-2023)
5.12.5 Youngman Recent Developments
5.13 Xiamen Kinglong
5.13.1 Xiamen Kinglong Profile
5.13.2 Xiamen Kinglong Main Business
5.13.3 Xiamen Kinglong Bus Rapid Transit (BRT) Systems Products, Services and Solutions
5.13.4 Xiamen Kinglong Bus Rapid Transit (BRT) Systems Revenue (US$ Million) & (2018-2023)
5.13.5 Xiamen Kinglong Recent Developments
5.14 Yutong Group
5.14.1 Yutong Group Profile
5.14.2 Yutong Group Main Business
5.14.3 Yutong Group Bus Rapid Transit (BRT) Systems Products, Services and Solutions
5.14.4 Yutong Group Bus Rapid Transit (BRT) Systems Revenue (US$ Million) & (2018-2023)
5.14.5 Yutong Group Recent Developments
5.15 Lantianyuan Technology
5.15.1 Lantianyuan Technology Profile
5.15.2 Lantianyuan Technology Main Business
5.15.3 Lantianyuan Technology Bus Rapid Transit (BRT) Systems Products, Services and Solutions
5.15.4 Lantianyuan Technology Bus Rapid Transit (BRT) Systems Revenue (US$ Million) & (2018-2023)
5.15.5 Lantianyuan Technology Recent Developments
5.16 Qingdao Hinsense
5.16.1 Qingdao Hinsense Profile
5.16.2 Qingdao Hinsense Main Business
5.16.3 Qingdao Hinsense Bus Rapid Transit (BRT) Systems Products, Services and Solutions
5.16.4 Qingdao Hinsense Bus Rapid Transit (BRT) Systems Revenue (US$ Million) & (2018-2023)
5.16.5 Qingdao Hinsense Recent Developments
5.17 Yutong Group
5.17.1 Yutong Group Profile
5.17.2 Yutong Group Main Business
5.17.3 Yutong Group Bus Rapid Transit (BRT) Systems Products, Services and Solutions
5.17.4 Yutong Group Bus Rapid Transit (BRT) Systems Revenue (US$ Million) & (2018-2023)
5.17.5 Yutong Group Recent Developments
5.18 Jiangsu Huimin Traffic Facility
5.18.1 Jiangsu Huimin Traffic Facility Profile
5.18.2 Jiangsu Huimin Traffic Facility Main Business
5.18.3 Jiangsu Huimin Traffic Facility Bus Rapid Transit (BRT) Systems Products, Services and Solutions
5.18.4 Jiangsu Huimin Traffic Facility Bus Rapid Transit (BRT) Systems Revenue (US$ Million) & (2018-2023)
5.18.5 Jiangsu Huimin Traffic Facility Recent Developments
6 North America
6.1 North America Bus Rapid Transit (BRT) Systems Market Size by Country (2018-2029)
6.2 U.S.
6.3 Canada
7 Europe
7.1 Europe Bus Rapid Transit (BRT) Systems Market Size by Country (2018-2029)
7.2 Germany
7.3 France
7.4 U.K.
7.5 Italy
7.6 Russia
7.7 Nordic Countries
7.8 Rest of Europe
8 Asia-Pacific
8.1 Asia-Pacific Bus Rapid Transit (BRT) Systems Market Size by Region (2018-2029)
8.2 China
8.3 Japan
8.4 South Korea
8.5 Southeast Asia
8.6 India
8.7 Australia
8.8 Rest of Asia-Pacific
9 Latin America
9.1 Latin America Bus Rapid Transit (BRT) Systems Market Size by Country (2018-2029)
9.2 Mexico
9.3 Brazil
9.4 Rest of Latin America
10 Middle East & Africa
10.1 Middle East & Africa Bus Rapid Transit (BRT) Systems Market Size by Country (2018-2029)
10.2 Turkey
10.3 Saudi Arabia
10.4 UAE
10.5 Rest of Middle East & Africa
11 Bus Rapid Transit (BRT) Systems Market Dynamics
11.1 Bus Rapid Transit (BRT) Systems Industry Trends
11.2 Bus Rapid Transit (BRT) Systems Market Drivers
11.3 Bus Rapid Transit (BRT) Systems Market Challenges
11.4 Bus Rapid Transit (BRT) Systems Market Restraints
12 Research Finding /Conclusion
13 Methodology and Data Source
13.1 Methodology/Research Approach
13.1.1 Research Programs/Design
13.1.2 Market Size Estimation
13.1.3 Market Breakdown and Data Triangulation
13.2 Data Source
13.2.1 Secondary Sources
13.2.2 Primary Sources
13.3 Disclaimer
13.4 Author List
Published By : QY Research
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