
Bus Rapid Transit Systems Market by Type (Articulated, Standard), System (Closed BRT System, Open BRT System) - Global Forecast 2024-2030
Description
Bus Rapid Transit Systems Market by Type (Articulated, Standard), System (Closed BRT System, Open BRT System) - Global Forecast 2024-2030
The Bus Rapid Transit Systems Market size was estimated at USD 1.77 billion in 2023 and expected to reach USD 1.86 billion in 2024, at a CAGR 5.59% to reach USD 2.59 billion by 2030.
Global Bus Rapid Transit Systems Market
FPNV Positioning Matrix
The FPNV Positioning Matrix is pivotal in evaluating the Bus Rapid Transit Systems Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Bus Rapid Transit Systems Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Key Company Profiles
The report delves into recent significant developments in the Bus Rapid Transit Systems Market, highlighting leading vendors and their innovative profiles. These include AB Volvo, BYD Motors, Inc., Daimler Buses GmbH, GILLIG LLC by CC Industries, Inc., Keolis S.A., Marcopolo Group, Mott MacDonald Group, REV Group, Inc., Roam, SG Automotive Group, SICE Technology and Systems Group, Skanska AB, Stantec Inc., Tata Motors Limited, Transdev, Urban Mass Transit Company Limited, Vicinity Motor Corp., WSP Global Inc., Xiamen King Long International Trading Co.,Ltd., and Yutong Bus Co., Ltd..
Market Segmentation & Coverage
This research report categorizes the Bus Rapid Transit Systems Market to forecast the revenues and analyze trends in each of the following sub-markets:
Type
Articulated
Standard
System
Closed BRT System
Open BRT System
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom
The report offers valuable insights on the following aspects:
1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
The report addresses key questions such as:
1. What is the market size and forecast of the Bus Rapid Transit Systems Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Bus Rapid Transit Systems Market?
3. What are the technology trends and regulatory frameworks in the Bus Rapid Transit Systems Market?
4. What is the market share of the leading vendors in the Bus Rapid Transit Systems Market?
5. Which modes and strategic moves are suitable for entering the Bus Rapid Transit Systems Market?
Note: PDF & Excel + Online Access - 1 Year
Table of Contents
187 Pages
- 1. Preface
- 1.1. Objectives of the Study
- 1.2. Market Segmentation & Coverage
- 1.3. Years Considered for the Study
- 1.4. Currency & Pricing
- 1.5. Language
- 1.6. Limitations
- 1.7. Assumptions
- 1.8. Stakeholders
- 2. Research Methodology
- 2.1. Define: Research Objective
- 2.2. Determine: Research Design
- 2.3. Prepare: Research Instrument
- 2.4. Collect: Data Source
- 2.5. Analyze: Data Interpretation
- 2.6. Formulate: Data Verification
- 2.7. Publish: Research Report
- 2.8. Repeat: Report Update
- 3. Executive Summary
- 4. Market Overview
- 4.1. Introduction
- 4.2. Bus Rapid Transit Systems Market, by Region
- 5. Market Insights
- 5.1. Market Dynamics
- 5.1.1. Drivers
- 5.1.1.1. Increasing demand for emission-free and energy-efficient mass transit solutions
- 5.1.1.2. Growing numbers of traffic congestion problems
- 5.1.1.3. Rising government support for electrification of public transport systems
- 5.1.2. Restraints
- 5.1.2.1. High initial cost of installing bus rapid transit system
- 5.1.3. Opportunities
- 5.1.3.1. Technological advancements in BRT design and development
- 5.1.3.2. Rising government initiatives and investment in BRT systems
- 5.1.4. Challenges
- 5.1.4.1. Limited availability of necessary infrastructure
- 5.2. Market Segmentation Analysis
- 5.3. Market Trend Analysis
- 5.4. Cumulative Impact of High Inflation
- 5.5. Porter’s Five Forces Analysis
- 5.5.1. Threat of New Entrants
- 5.5.2. Threat of Substitutes
- 5.5.3. Bargaining Power of Customers
- 5.5.4. Bargaining Power of Suppliers
- 5.5.5. Industry Rivalry
- 5.6. Value Chain & Critical Path Analysis
- 5.7. Regulatory Framework
- 6. Bus Rapid Transit Systems Market, by Type
- 6.1. Introduction
- 6.2. Articulated
- 6.3. Standard
- 7. Bus Rapid Transit Systems Market, by System
- 7.1. Introduction
- 7.2. Closed BRT System
- 7.3. Open BRT System
- 8. Americas Bus Rapid Transit Systems Market
- 8.1. Introduction
- 8.2. Argentina
- 8.3. Brazil
- 8.4. Canada
- 8.5. Mexico
- 8.6. United States
- 9. Asia-Pacific Bus Rapid Transit Systems Market
- 9.1. Introduction
- 9.2. Australia
- 9.3. China
- 9.4. India
- 9.5. Indonesia
- 9.6. Japan
- 9.7. Malaysia
- 9.8. Philippines
- 9.9. Singapore
- 9.10. South Korea
- 9.11. Taiwan
- 9.12. Thailand
- 9.13. Vietnam
- 10. Europe, Middle East & Africa Bus Rapid Transit Systems Market
- 10.1. Introduction
- 10.2. Denmark
- 10.3. Egypt
- 10.4. Finland
- 10.5. France
- 10.6. Germany
- 10.7. Israel
- 10.8. Italy
- 10.9. Netherlands
- 10.10. Nigeria
- 10.11. Norway
- 10.12. Poland
- 10.13. Qatar
- 10.14. Russia
- 10.15. Saudi Arabia
- 10.16. South Africa
- 10.17. Spain
- 10.18. Sweden
- 10.19. Switzerland
- 10.20. Turkey
- 10.21. United Arab Emirates
- 10.22. United Kingdom
- 11. Competitive Landscape
- 11.1. FPNV Positioning Matrix
- 11.2. Market Share Analysis, By Key Player
- 11.3. Competitive Scenario Analysis, By Key Player
- 12. Competitive Portfolio
- 12.1. Key Company Profiles
- 12.1.1. AB Volvo
- 12.1.2. BYD Motors, Inc.
- 12.1.3. Daimler Buses GmbH
- 12.1.4. GILLIG LLC by CC Industries, Inc.
- 12.1.5. Keolis S.A.
- 12.1.6. Marcopolo Group
- 12.1.7. Mott MacDonald Group
- 12.1.8. REV Group, Inc.
- 12.1.9. Roam
- 12.1.10. SG Automotive Group
- 12.1.11. SICE Technology and Systems Group
- 12.1.12. Skanska AB
- 12.1.13. Stantec Inc.
- 12.1.14. Tata Motors Limited
- 12.1.15. Transdev
- 12.1.16. Urban Mass Transit Company Limited
- 12.1.17. Vicinity Motor Corp.
- 12.1.18. WSP Global Inc.
- 12.1.19. Xiamen King Long International Trading Co.,Ltd.
- 12.1.20. Yutong Bus Co., Ltd.
- 12.2. Key Product Portfolio
- 13. Appendix
- 13.1. Discussion Guide
- 13.2. License & Pricing
- FIGURE 1. BUS RAPID TRANSIT SYSTEMS MARKET RESEARCH PROCESS
- FIGURE 2. BUS RAPID TRANSIT SYSTEMS MARKET SIZE, 2023 VS 2030
- FIGURE 3. BUS RAPID TRANSIT SYSTEMS MARKET SIZE, 2018-2030 (USD MILLION)
- FIGURE 4. BUS RAPID TRANSIT SYSTEMS MARKET SIZE, BY REGION, 2023 VS 2030 (%)
- FIGURE 5. BUS RAPID TRANSIT SYSTEMS MARKET SIZE, BY REGION, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 6. BUS RAPID TRANSIT SYSTEMS MARKET DYNAMICS
- FIGURE 7. BUS RAPID TRANSIT SYSTEMS MARKET SIZE, BY TYPE, 2023 VS 2030 (%)
- FIGURE 8. BUS RAPID TRANSIT SYSTEMS MARKET SIZE, BY TYPE, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 9. BUS RAPID TRANSIT SYSTEMS MARKET SIZE, BY SYSTEM, 2023 VS 2030 (%)
- FIGURE 10. BUS RAPID TRANSIT SYSTEMS MARKET SIZE, BY SYSTEM, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 11. AMERICAS BUS RAPID TRANSIT SYSTEMS MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
- FIGURE 12. AMERICAS BUS RAPID TRANSIT SYSTEMS MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 13. UNITED STATES BUS RAPID TRANSIT SYSTEMS MARKET SIZE, BY STATE, 2023 VS 2030 (%)
- FIGURE 14. UNITED STATES BUS RAPID TRANSIT SYSTEMS MARKET SIZE, BY STATE, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 15. ASIA-PACIFIC BUS RAPID TRANSIT SYSTEMS MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
- FIGURE 16. ASIA-PACIFIC BUS RAPID TRANSIT SYSTEMS MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 17. EUROPE, MIDDLE EAST & AFRICA BUS RAPID TRANSIT SYSTEMS MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
- FIGURE 18. EUROPE, MIDDLE EAST & AFRICA BUS RAPID TRANSIT SYSTEMS MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 19. BUS RAPID TRANSIT SYSTEMS MARKET, FPNV POSITIONING MATRIX, 2023
- FIGURE 20. BUS RAPID TRANSIT SYSTEMS MARKET SHARE, BY KEY PLAYER, 2023
Pricing
Currency Rates
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