Global and China Bus Rapid Transit Dynamic Monitoring and Future Investment Report

Global and China Bus Rapid Transit (BRT) Dynamic Monitoring and Future Investment Report 2023

Global and China Bus Rapid Transit Dynamic Monitoring and Future Investment Report

Global and China Bus Rapid Transit (BRT) Dynamic Monitoring and Future Investment Report 2023


The Global Bus Rapid Transit (BRT) Market investigation report contains Types, Application & all logical and factual briefs about market Overview, CAGR, Production Volume, Sales, Revenue with the regional analysis covers North America, Europe, Asia-Pacific, South America, Middle East & Africa & The top Players like {playerNamesStr}

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The report aims at estimating the market size and future growth potential of Bus Rapid Transit (BRT) market across different segments such as type, application and geography. The base year considered for the study is 2022, and the market size is forecast from 2023 to 2029.

The global Bus Rapid Transit (BRT) market size in 2022 is XX million US dollars, and it is expected to be XX million US dollars by 2029, with a compound annual growth rate of 7.00% expected in 2023-2029.

MARKET COMPETITIVE LANDSCAPE:

The main players in the Bus Rapid Transit (BRT) market include AB Volvo., Tata Motors Limited, MAN Truck & Bus SE, Ashok Leyland Limited, and Zhengzhou Yutong Bus Co., Ltd.. The share of the top 3 players in the Bus Rapid Transit (BRT) market is XX%.

REGION SHARE:

The report covers the market size information of North America, Europe, Asia Pacific, Latin America, Middle East and Africa, and North America accounted for XX%, Europe accounted for XX% of Bus Rapid Transit (BRT) market, and Asia Pacific accounted for XX%.

SEGMENT OVERVIEW:

The report segments the market by Type and Application. Standard accounted for XX% of Bus Rapid Transit (BRT) market in 2022. Articulated share of XX%.

Open BRT System accounted for XX% of the Bus Rapid Transit (BRT) market in 2022. Closed BRT System accounts for XX%.

The research methodology used to estimate and forecast the Bus Rapid Transit (BRT) market begins by capturing data on key market player revenues through secondary research. The bottom-up procedure has been employed to arrive at the overall market size, by considering the revenue of key players in the market. After arriving at the overall market size, the total market has been split into several segments and sub-segments, which has been verified through primary research by conducting extensive interviews with key people such as industry experts, executives. This data triangulation and market breakdown procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for segments and sub-segments.

This report provides the integrated ecosystem of the Bus Rapid Transit (BRT) market which offers holistic view of current demand and vendor side market. The research study answers several significant questions, primarily which market segments to focus on in next two to five years to prioritize factors such as resource effort, and investment.

Key Target audience:

Bus Rapid Transit (BRT) Manufacturers and Suppliers

Research and Development (R&D) Companies

Business Research and Consulting Service Providers

Research Organizations

Academic Centers and Universities Associations and Industrial Bodies

Technology Investors

In recent years, a series of factors are affecting the development of the automotive industry.

Electric Vehicles (EVs): The shift towards electric vehicles has gained significant momentum in recent years. Automakers are investing heavily in EV development and expanding their electric vehicle lineups. This trend is driven by factors such as government regulations to reduce emissions, improvements in battery technology, and increasing consumer interest in eco-friendly transportation options.

Autonomous Driving: Autonomous driving technology has advanced rapidly, with the development of sophisticated sensors, machine learning algorithms, and connectivity systems. Automakers and tech companies are investing in autonomous driving research and development, aiming to achieve higher levels of vehicle automation. This trend holds the promise of safer and more efficient transportation, as well as new business models like autonomous ride-hailing services.

Shared Mobility: The concept of shared mobility has gained popularity, particularly in urban areas. Services like ride-hailing, car-sharing, and car subscription models have experienced significant growth. These services offer convenience, cost savings, and reduced traffic congestion by optimizing vehicle utilization. Automakers are responding by entering partnerships or launching their own shared mobility platforms.


On The Basis of Regions, The Report Has Segmented the Market into The Following Key Regions:

North America

United States

Canada

China

Asia Pacific (Excluding China)

Japan

Korea

Southeast Asia

India

Australia

EMEA

Europe

Germany

France

UK

Italy

Russia

Nordic

Middle East

Africa

Latin America

Brazil

Argentina

Mexico


Key Players Driving the Market:

AB Volvo.

Tata Motors Limited

MAN Truck & Bus SE

Ashok Leyland Limited

Zhengzhou Yutong Bus Co., Ltd.

Xiamen King Long United Automotive Industry Co., Ltd

BYD Motors Inc.


By Product Type, the market is primarily segmented into:

Standard

Articulated

Others


By Applications, the market is segmented into:

Open BRT System

Closed BRT System

Hybrid BRT System

Others

Table of Content

1 Bus Rapid Transit (BRT) Market Introduction and Overview

1.1 Bus Rapid Transit (BRT) Definition

1.2 Research Purposes

1.3 Currency Rate

1.4 Report Timeline

1.5 Economic Analysis of Global Regions

1.6 Inflation Analysis

2 Bus Rapid Transit (BRT) Business Cost Analysis

2.1 Proportion of Manufacturing Cost Structure

2.1.1 Labor Cost

2.1.2 Operating Expenses

2.2 Bus Rapid Transit (BRT) Industrial Chain Analysis

3 Market Competition by Manufacturers

3.1 Global Bus Rapid Transit (BRT) Revenue and Market Share by Manufacturer

3.2 Manufacturers Bus Rapid Transit (BRT) Production Sites, Area Served, Product Types

3.3 Bus Rapid Transit (BRT) Market Competitive Situation and Trends

3.3.1 Bus Rapid Transit (BRT) Market Concentration Rate

3.3.2 Global Top 5 and Top 10 Players Market Share by Revenue in 2023

3.3.3 Mergers & Acquisitions, Expansion

4 Players Profiles

4.1 AB Volvo.

4.1.1 AB Volvo. Company Profile

4.1.2 Bus Rapid Transit (BRT) Product Overview

4.1.3 AB Volvo. Bus Rapid Transit (BRT) Market Performance (2018-2023)

4.1.4 AB Volvo. Business Overview

4.2 Tata Motors Limited

4.2.1 Tata Motors Limited Company Profile

4.2.2 Bus Rapid Transit (BRT) Product Overview

4.2.3 Tata Motors Limited Bus Rapid Transit (BRT) Market Performance (2018-2023)

4.2.4 Tata Motors Limited Business Overview

4.3 MAN Truck & Bus SE

4.3.1 MAN Truck & Bus SE Company Profile

4.3.2 Bus Rapid Transit (BRT) Product Overview

4.3.3 MAN Truck & Bus SE Bus Rapid Transit (BRT) Market Performance (2018-2023)

4.3.4 MAN Truck & Bus SE Business Overview

4.4 Ashok Leyland Limited

4.4.1 Ashok Leyland Limited Company Profile

4.4.2 Bus Rapid Transit (BRT) Product Overview

4.4.3 Ashok Leyland Limited Bus Rapid Transit (BRT) Market Performance (2018-2023)

4.4.4 Ashok Leyland Limited Business Overview

4.5 Zhengzhou Yutong Bus Co., Ltd.

4.5.1 Zhengzhou Yutong Bus Co., Ltd. Company Profile

4.5.2 Bus Rapid Transit (BRT) Product Overview

4.5.3 Zhengzhou Yutong Bus Co., Ltd. Bus Rapid Transit (BRT) Market Performance (2018-2023)

4.5.4 Zhengzhou Yutong Bus Co., Ltd. Business Overview

4.6 Xiamen King Long United Automotive Industry Co., Ltd

4.6.1 Xiamen King Long United Automotive Industry Co., Ltd Company Profile

4.6.2 Bus Rapid Transit (BRT) Product Overview

4.6.3 Xiamen King Long United Automotive Industry Co., Ltd Bus Rapid Transit (BRT) Market Performance (2018-2023)

4.6.4 Xiamen King Long United Automotive Industry Co., Ltd Business Overview

4.7 BYD Motors Inc.

4.7.1 BYD Motors Inc. Company Profile

4.7.2 Bus Rapid Transit (BRT) Product Overview

4.7.3 BYD Motors Inc. Bus Rapid Transit (BRT) Market Performance (2018-2023)

4.7.4 BYD Motors Inc. Business Overview

5 Global Bus Rapid Transit (BRT) Historical and Forecast Market Analysis by Type

5.1 Market Size Analysis by Types

5.2 Global Bus Rapid Transit (BRT) Revenue and Market Share by Type

5.3 Global Bus Rapid Transit (BRT) Revenue Market Forecast by Type (2023-2029)

6 Global Bus Rapid Transit (BRT) Historical and Forecast Market Analysis by Application

6.1 Market Size Analysis by Application

6.2 Global Bus Rapid Transit (BRT) Revenue Market Share by Application (2018-2023)

6.3 Bus Rapid Transit (BRT) Revenue Market Forecast by Application (2023-2029)

7 Global Market Growth Trends Analysis

7.1 Global Bus Rapid Transit (BRT) Market Size & Forecast (2018-2029)

7.2 Bus Rapid Transit (BRT) Growth Trends Analysis by Regions

7.2.1 Bus Rapid Transit (BRT) Market Size by Regions: 2018 VS 2023 VS 2029

7.2.2 Bus Rapid Transit (BRT) Historic Revenue Market Size by Regions (2018-2023)

7.2.3 Bus Rapid Transit (BRT) Forecasted Revenue Market Size by Regions (2023-2029)

7.2.4 North America Bus Rapid Transit (BRT) Market Size & Forecast (2018-2029)

7.2.5 EMEA Bus Rapid Transit (BRT) Market Size & Forecast (2018-2029)

7.2.6 China Bus Rapid Transit (BRT) Market Size & Forecast (2018-2029)

7.2.7 Asia-Pacific (Excluding China) Bus Rapid Transit (BRT) Market Size & Forecast (2018-2029)

7.2.8 Latin America Bus Rapid Transit (BRT) Market Size & Forecast (2018-2029)

8 North America

8.1 North America Bus Rapid Transit (BRT) Revenue by Players

8.2 North America Bus Rapid Transit (BRT) Revenue by Types

8.3 North America Bus Rapid Transit (BRT) Revenue by Applications

8.4 North America Bus Rapid Transit (BRT) Market by Countries

8.4.1 North America Bus Rapid Transit (BRT) Revenue by Countries (2018-2029)

8.5 North America SWOT Analysis

8.6 United States

8.7 Canada

9 China

9.1 China Bus Rapid Transit (BRT) Revenue by Players

9.2 China Bus Rapid Transit (BRT) Revenue by Types

9.3 China Bus Rapid Transit (BRT) Revenue by Applications

9.4 China SWOT Analysis

9.5 China

10 Asia Pacific (Excluding China)

10.1 Asia Pacific Bus Rapid Transit (BRT) Revenue by Players

10.2 Asia Pacific Bus Rapid Transit (BRT) Revenue by Types

10.3 Asia Pacific Bus Rapid Transit (BRT) Revenue by Applications

10.4 Asia Pacific Bus Rapid Transit (BRT) Market by Countries

10.4.1 Asia Pacific Bus Rapid Transit (BRT) Revenue by Countries (2018-2029)

10.5 Asia Pacific SWOT Analysis

10.6 Japan

10.7 Korea

10.8 Southeast Asia

10.9 India

10.10 Australia

11 EMEA

11.1 EMEA Bus Rapid Transit (BRT) Revenue by Players

11.2 EMEA Bus Rapid Transit (BRT) Revenue by Types

11.3 EMEA Bus Rapid Transit (BRT) Revenue by Applications

11.4 EMEA Bus Rapid Transit (BRT) Market by Countries

11.4.1 EMEA Bus Rapid Transit (BRT) Revenue by Countries (2018-2029)

11.5 EMEA SWOT Analysis

11.6 Europe

11.6.1 Europe Bus Rapid Transit (BRT) Revenue by Countries (2018-2029)

11.6.2 Germany

11.6.3 France

11.6.4 UK

11.6.5 Italy

11.6.6 Russia

11.6.7 Nordic

11.7 Middle East

11.8 Africa

12 Latin America

12.1 Latin America Bus Rapid Transit (BRT) Revenue by Players

12.2 Latin America Bus Rapid Transit (BRT) Revenue by Types

12.3 Latin America Bus Rapid Transit (BRT) Revenue by Applications

12.4 Latin America Bus Rapid Transit (BRT) Market by Countries

12.4.1 Latin America Bus Rapid Transit (BRT) Revenue by Countries (2018-2029)

12.5 Latin America SWOT Analysis

12.6 Brazil

12.7 Argentina

12.8 Mexico

13 Bus Rapid Transit (BRT) Industry Dynamic Analysis

13.1 Bus Rapid Transit (BRT) Market Trends Analysis

13.2 Bus Rapid Transit (BRT) Market Drivers Analysis

13.3 Bus Rapid Transit (BRT) Market Challenges Analysis

13.4 Bus Rapid Transit (BRT) Market Restraints Analysis

14 Research Findings and Conclusion

Tables & Figures:
Show more
Research Methodology:
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Bus Rapid Transit (BRT) Market Size Estimation

To estimate market size and trends, we use a combination of top-down and bottom-up methods. This allows us to evaluate the market from various perspectives—by company, region, product type, and end users.

Our estimates are based on actual sales data, excluding any discounts. Segment breakdowns and market shares are calculated using weighted averages based on usage rates and average prices. Regional insights are determined by how widely a product or service is adopted in each area.

Key companies are identified through secondary sources like industry reports and company filings. We then verify revenue estimates and other key data points through primary research, including interviews with industry experts, company executives, and decision-makers.

We take into account all relevant factors that could influence the market and validate our findings with real-world input. Our final insights combine both qualitative and quantitative data to provide a well-rounded view. Please note, these estimates do not account for unexpected changes such as inflation, economic downturns, or policy shifts.

Data Source

Secondary Sources

This study draws on a wide range of secondary sources, including press releases, annual reports, non-profit organizations, industry associations, government agencies, and customs data. We also referred to reputable databases and directories such as Bloomberg, Wind Info, Hoovers, Factiva, Trading Economics, Statista, and others. Additional references include investor presentations, company filings (e.g., SEC), economic data, and documents from regulatory and industry bodies.

These sources were used to gather technical and market-focused insights, identify key players, analyze market segmentation and classification, and track major trends and developments across industries.

Market Size
  • Segmental value
  • Geographic Penetration
  • Product Adoption Rate for Different market
  • Journals, Websites, and Press Releases
  • Annual Reports and SEC Filings
  • Company Websites and Press Releases
  • Public and Paid Databases
  • Market Intellix Data Repository
Market Position of Top Company
  • Product Financials
  • Geographic value Mix
  • Total Company value
  • Business/Segmental value Mix
Qualitative Analysis
  • Influence Factors
  • Market Potential
  • Market Risks and Opportunities
  • Industry Trends
  • Geographical Features
  • Government Policies
  • Company Websites and Press Releases
  • Public and Paid Databases
  • Annual Reports
  • Industry Associations
  • Market Intellix Data Repository

Primary Sources

As part of our primary research, we interviewed a variety of stakeholders from both the supply and demand sides to gather valuable qualitative and quantitative insights.

On the supply side, we spoke with product manufacturers, competitors, industry experts, research institutions, distributors, traders, and raw material suppliers. On the demand side, we engaged with business leaders, marketing and sales heads, technology and innovation directors, supply chain executives, and end users across key organizations.

These conversations helped us better understand market segmentation, pricing, applications, leading players, supply chains, demand trends, industry outlook, and key market dynamics—including risks, opportunities, barriers, and strategic developments.

Key Data Information from Primary Sources

Primary Sources Parameters Key Data
Market Segments(by Application, by Type)
  • Value by Type
  • Status and Forecast
  • Value by Application
  • Value by Regions, Status and Forecast (2025-2031)
  • Value Market Share by Type
  • Value Growth Rate by Type
  • Value by Application
  • Percentage and Growth Rate by Application
  • Value Growth Rate and Market Share by Regions
  • Market Size Status and Forecast (2025-2031)
Total Market
  • Overall Size, Status and Forecast
  • Market Size Status and Forecast (2025-2031)
Frequently asked questions(FAQ's):
Why are some of the most well-known companies left out of the Bus Rapid Transit (BRT) Market study?
The Bus Rapid Transit (BRT) study includes a diverse group of participants, including both market leaders and up-and-comers. Contact our sales representative to receive a complete list of companies covered in the study.
What years are taken into account in the Bus Rapid Transit (BRT) Market study?
The Bus Rapid Transit (BRT) Market study evaluates the year spans as follows: Historical year: 2019 to 2024; Base year: 2024; Forecast period**: 2025 to 2030 [** unless otherwise stated]
Where does the Bus Rapid Transit (BRT) Industry stands in terms of scaling end-use implementations?
According to the Bus Rapid Transit (BRT) Market research paper, organizations are making more progress than their supply chain counterparts, including suppliers.
How is the Bus Rapid Transit (BRT) Market's changing dynamics captured?
The Bus Rapid Transit (BRT) analysis provides high-level qualitative commentary on market dynamics, including information on growth drivers, influential trends, challenges, and opportunities.