Bus Rapid Transit System Market Report: Trends, Forecast and Competitive Analysis to 2030

Bus Rapid Transit System Market Report: Trends, Forecast and Competitive Analysis to 2030

Bus Rapid Transit System Trends and Forecast

The future of the global bus rapid transit system market looks promising with opportunities in the diesel and natural gas markets. The global bus rapid transit system market is expected to reach an estimated $1.3 billion by 2030 with a CAGR of 7.3% from 2024 to 2030. The major drivers for this market are growing demand for efficient public transportation, expanding global population, and rising government investments and policies supporting BRT system development.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Bus Rapid Transit System by Segment

The study includes a forecast for the global bus rapid transit system by bus type, system type, fuel type, and region.

Bus Rapid Transit System Market by Bus Type [Shipment Analysis by Value from 2018 to 2030]:

• Standard
• Articulated
• Others

Bus Rapid Transit System Market by System Type [Shipment Analysis by Value from 2018 to 2030]:

• Open BRT System
• Closed BRT System
• Hybrid BRT System

Bus Rapid Transit System Market by Fuel Type [Shipment Analysis by Value from 2018 to 2030]:

• Diesel
• Natural Gas
• Others

Bus Rapid Transit System Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Bus Rapid Transit System Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies bus rapid transit system companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the bus rapid transit system companies profiled in this report include-

• AB Volvo
• Ashok Leyland
• BYD
• Cubic
• Daimler
• MAN SE
• Marcopolo
• Tata Motors
• Xiamen King Long Motor
• Zhengzhou Yutong Bus

Bus Rapid Transit System Market Insights

Lucintel forecasts that standard is expected to witness the higher growth over the forecast period.

Within this market, natural gas is expected to witness the highest growth over the forecast period.

APAC is expected to witness highest growth over the forecast period.

Features of the Global Bus Rapid Transit System Market

Market Size Estimates: Bus rapid transit system market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Bus rapid transit system market size by bus type, system type, fuel type, and region in terms of value ($B).

Regional Analysis: Bus rapid transit system market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different bus types, system types, fuel types, and regions for the bus rapid transit system market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the bus rapid transit system market.

Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q1. What is the bus rapid transit system market size?

Answer: The global bus rapid transit system market is expected to reach an estimated $1.3 billion by 2030.

Q2. What is the growth forecast for bus rapid transit system market?

Answer: The global bus rapid transit system market is expected to grow with a CAGR of 7.3% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the bus rapid transit system market?

Answer: The major drivers for this market are growing demand for efficient public transportation, expanding global population, and rising government investments and policies supporting BRT system development.

Q4. What are the major segments for bus rapid transit system market?

Answer: The future of the bus rapid transit system market looks promising with opportunities in the diesel and natural gas markets.

Q5. Who are the key bus rapid transit system market companies?

Answer: Some of the key bus rapid transit system companies are as follows:

• AB Volvo
• Ashok Leyland
• BYD
• Cubic
• Daimler
• MAN SE
• Marcopolo
• Tata Motors
• Xiamen King Long Motor
• Zhengzhou Yutong Bus

Q6. Which bus rapid transit system market segment will be the largest in future?

Answer: Lucintel forecasts that standard is expected to witness the higher growth over the forecast period.

Q7. In bus rapid transit system market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness highest growth over the forecast period.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the bus rapid transit system market by bus type (standard, articulated, and others), system type (open BRT system, closed BRT system, and hybrid BRT system), fuel type (diesel, natural gas, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?