Bus Rapid Transit (BRT) Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Bus Rapid Transit Market
The global nylon market size was valued at USD 1.79 billion in 2022 and is projected to grow from USD 1.90 billion in 2023 to USD 3.12 billion by 2030, exhibiting a CAGR of 7.3% during the forecast period of 2023-2030.
At first, the pandemic caused a decline in bus rapid transit (BRT) system sales. However, when cities reopened, BRT emerged as a desired mode of transportation because of its performance and affordability. Investments in infrastructure upgrades and technology upgrades further drove the market's healing and boom, highlighting the resilience of BRT structures in the assembly of urban transportation needs, leading to bus rapid transit market growth.
Several key elements are riding the boom of the bus rapid transit (BRT) marketplace. Firstly, urbanization and populace growth are increasing the demand for green and sustainable public transportation answers, with BRT offering a price-powerful alternative to relieve visitors' congestion and reduce environmental effects. Secondly, government initiatives and investments in infrastructure development and public transit structures are fueling the expansion of BRT networks globally.
The bus speedy transit (BRT) market is revving up with a focus on green and green solutions. Electric and hybrid buses are the main rate, lowering emissions and developing cleaner cities. Smart generation is also getting on board, with actual-time passenger records and automatic fare series systems improving the passenger experience leading to the expansion of bus rapid transit system share globally. To fight site visitor congestion and decorate public transportation, many cities are increasing existing BRT routes or constructing new ones. Public-non-public partnerships are gaining momentum, with non-public corporations making an investment in BRT structures along with public organizations. This collaborative method is expected to similarly propel the increase of the BRT market.
Comprehensive Analysis of Bus Rapid Transit Market
The bus fast transit (BRT) market is segmented via bus type and alertness. In phrases of bus kind, the marketplace incorporates standard, articulated, and other buses. Standard buses dominated the marketplace in 2022 because of their availability, value-effectiveness, and preference among consumers. However, articulated buses are gaining traction due to their capability to deal with massive volumes of passengers and superior protection features. In terms of software, urban regions accounted for the biggest market proportion in 2022, driven by way of rapid urbanization and growing traffic congestion, in particular in metropolitan towns. The demand for green and inexpensive bus transportation services in city areas is predicted to be preserved using the increase of the BRT marketplace.
The rest of the world led the bus rapid transit market due to the increasing number of daily commuters utilizing BRT systems, the worldwide marketplace is poised to strengthen.
The growth trajectory and industry standards of the bus rapid transit (BRT) market are significantly influenced by its leading players. Key companies such as AB Volvo (Sweden), Tata Motors (India), MAN (Germany), Ashok Leyland (India), Yutong (China), Marcopolo S.A. (Brazil), King Long (China), BYD Company Ltd. (China), and Mercedes Benz (Germany) contribute to a competitive landscape, driving innovation and market advancement.
In March 2023, Dakar, the capital of Senegal, unveiled its initiative to introduce Africa's inaugural absolutely electric-powered bus fleet within its Bus Rapid Transit machine. The metropolis targets to redesign its transportation infrastructure by way of 2025, relying solely on e-buses for its BRT project operations.
Segmentation Table
Attribute Details
Study Period 2019-2030
Base Year 2022
Estimated Year 2023
Forecast Period 2023-2030
Historical Period 2019-2021
Growth Rate CAGR of 7.3% from 2023 to 2030
Unit Value (USD Billion)
SegmentationBy Bus Type
Standard
Articulated
Others
By Application
Urban Areas
Others
By Geography
North America (By Bus Type and Application)
- U.S. (By Application)
- Canada (By Application)
- Mexico (By Application)
Europe (By Bus Type and Application)
- Germany (By Application)
- France (By Application)
- U.K. (By Application)
- Rest of Europe (By Application)
Asia Pacific (By Bus Type and Application)
- China (By Application)
- Japan (By Application)
- India(By Application)
- South Korea (By Application)
- Rest of Asia Pacific (By Application)
Rest of the World (By Bus Type and Application)
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- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 3.4. Market Trends
- 4. Key Insights
- 4.1. Overview of the Parent/Related Markets
- 4.2. Industry SWOT Analysis
- 4.3. Supply Chain and Regulatory Landscape
- 4.4. Recent Industry Developments - Policies, Partnerships, New Product Launches, and Mergers & Acquisitions
- 4.5. Analysis related to COVID-19
- 5. Global Grain Fumigants Market Analysis, Insights and Forecast, 2019-2030
- 5.1. Key Findings / Summary
- 5.2. Market Size Estimates and Forecast
- 5.2.1. By Product Type (By Value)
- 5.2.1.1. Phosphine
- 5.2.1.2. Sulfuryl Fluoride
- 5.2.1.3. Methyl Bromide
- 5.2.1.4. Others
- 5.2.2. By Form (By Value)
- 5.2.2.1. Solid
- 5.2.2.2. Liquid
- 5.2.2.3. Gas
- 5.2.3. By Application (By Value)
- 5.2.3.1. Commercial
- 5.2.3.2. Residential
- 5.2.4. By Region (By Value)
- 5.2.4.1. North America
- 5.2.4.2. Europe
- 5.2.4.3. Asia Pacific
- 5.2.4.4. South America
- 5.2.4.5. Middle East & Africa
- 6. North America Grain Fumigants Market Analysis, Insights and Forecast, 2019-2030
- 6.1. Key Findings / Summary
- 6.2. Market Size Estimates and Forecast
- 6.2.1. By Product Type (Value)
- 6.2.1.1. Phosphine
- 6.2.1.2. Sulfuryl Fluoride
- 6.2.1.3. Methyl Bromide
- 6.2.1.4. Others
- 6.2.2. By Form (Value)
- 6.2.2.1. Solid
- 6.2.2.2. Liquid
- 6.2.2.3. Gas
- 6.2.3. By Application (Value)
- 6.2.3.1. Commercial
- 6.2.3.2. Residential
- 7. Europe Grain Fumigants Market Analysis, Insights and Forecast, 2019-2030
- 7.1. Key Findings / Summary
- 7.2. Market Size Estimates and Forecast
- 7.2.1. By Product Type (Value)
- 7.2.1.1. Phosphine
- 7.2.1.2. Sulfuryl Fluoride
- 7.2.1.3. Methyl Bromide
- 7.2.1.4. Others
- 7.2.2. By Form (Value)
- 7.2.2.1. Solid
- 7.2.2.2. Liquid
- 7.2.2.3. Gas
- 7.2.3. By Application (Value)
- 7.2.3.1. Commercial
- 7.2.3.2. Residential
- 8. Asia Pacific Grain Fumigants Market Analysis, Insights and Forecast, 2019-2030
- 8.1. Key Findings / Summary
- 8.2. Market Size Estimates and Forecast
- 8.2.1. By Product Type (Value)
- 8.2.1.1. Phosphine
- 8.2.1.2. Sulfuryl Fluoride
- 8.2.1.3. Methyl Bromide
- 8.2.1.4. Others
- 8.2.2. By Form (Value)
- 8.2.2.1. Solid
- 8.2.2.2. Liquid
- 8.2.2.3. Gas
- 8.2.3. By Application (Value)
- 8.2.3.1. Commercial
- 8.2.3.2. Residential
- 9. South America Grain Fumigants Market Analysis, Insights and Forecast, 2019-2030
- 9.1. Key Findings / Summary
- 9.2. Market Size Estimates and Forecast
- 9.2.1. By Product Type (Value)
- 9.2.1.1. Phosphine
- 9.2.1.2. Sulfuryl Fluoride
- 9.2.1.3. Methyl Bromide
- 9.2.1.4. Others
- 9.2.2. By Form (Value)
- 9.2.2.1. Solid
- 9.2.2.2. Liquid
- 9.2.2.3. Gas
- 9.2.3. By Application (Value)
- 9.2.3.1. Commercial
- 9.2.3.2. Residential
- 10. Middle East & Africa Grain Fumigants Market Analysis, Insights and Forecast, 2019-2030
- 10.1. Key Findings / Summary
- 10.2. Market Size Estimates and Forecast
- 10.2.1. By Product Type (Value)
- 10.2.1.1. Phosphine
- 10.2.1.2. Sulfuryl Fluoride
- 10.2.1.3. Methyl Bromide
- 10.2.1.4. Others
- 10.2.2. By Form (Value)
- 10.2.2.1. Solid
- 10.2.2.2. Liquid
- 10.2.2.3. Gas
- 10.2.3. By Application (Value)
- 10.2.3.1. Commercial
- 10.2.3.2. Residential
- 11. Competitive Matrix
- 11.1. Business Strategies Adopted by Leading Players
- 11.2. Global Grain Fumigants Market Share/Ranking Analysis, By Key Manufacturer
- 12. Company Profiles
- 12.1. UPL Limited.
- 12.1.1. Overview
- 12.1.2. Description
- 12.1.3. Product Portfolio
- 12.1.4. Financials (Data as available in public domain and/or on paid databases)
- 12.1.5. Recent Developments
- 12.2. Corteva Agriscience
- 12.2.1. Overview
- 12.2.2. Description
- 12.2.3. Product Portfolio
- 12.2.4. Financials (Data as available in public domain and/or on paid databases)
- 12.2.5. Recent Developments
- 12.3. Solvay
- 12.3.1. Overview
- 12.3.2. Description
- 12.3.3. Product Portfolio
- 12.3.4. Financials (Data as available in public domain and/or on paid databases)
- 12.3.5. Recent Developments
- 12.4. Detia Degesch GmbH
- 12.4.1. Overview
- 12.4.2. Description
- 12.4.3. Product Portfolio
- 12.4.4. Financials (Data as available in public domain and/or on paid databases)
- 12.4.5. Recent Developments
- 12.5. Douglas Products
- 12.5.1. Overview
- 12.5.2. Description
- 12.5.3. Product Portfolio
- 12.5.4. Financials (Data as available in public domain and/or on paid databases)
- 12.5.5. Recent Developments
- 12.6. ECOTEC Fumigation
- 12.6.1. Overview
- 12.6.2. Description
- 12.6.3. Product Portfolio
- 12.6.4. Financials (Data as available in public domain and/or on paid databases)
- 12.6.5. Recent Developments
- 12.7. Noble Crop Science
- 12.7.1. Overview
- 12.7.2. Description
- 12.7.3. Product Portfolio
- 12.7.4. Financials (Data as available in public domain and/or on paid databases)
- 12.7.5. Recent Developments
- 12.8. Rollins, Inc.
- 12.8.1. Overview
- 12.8.2. Description
- 12.8.3. Product Portfolio
- 12.8.4. Financials (Data as available in public domain and/or on paid databases)
- 12.8.5. Recent Developments
- 12.9. Royal Group
- 12.9.1. Overview
- 12.9.2. Description
- 12.9.3. Product Portfolio
- 12.9.4. Financials (Data as available in public domain and/or on paid databases)
- 12.9.5. Recent Developments
- 12.10. BASF SE
- 12.10.1. Overview
- 12.10.2. Description
- 12.10.3. Product Portfolio
- 12.10.4. Financials (Data as available in public domain and/or on paid databases)
- 12.10.5. Recent Developments
- 13. Strategic Recommendations
- 14. Appendix
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