Global Bus Rapid Transport Systems (BRT) Market 2018-2022
About Bus Rapid Transport Systems
Bus rapid transport systems (BRT) are sophisticated bus-based transit systems that are designed to deliver, cost-effective, efficient, and high capacity public transportation services. These systems also comprise of intelligent transport systems, right-of-way lanes, terminals, and stations.
Technavio’s analysts forecast the Global Bus Rapid Transport Systems (BRT) Market to grow at a CAGR of 9.57% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global bus rapid transport systems (BRT) market. To calculate the market size, the report also considers the growing preference for different types of BRT system lanes such as open, close, and hybrid systems.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Bus Rapid Transport Systems (BRT) Market 2018-2022
Technavio recognizes the following companies as the key players in the global bus rapid transport systems (BRT) market: Ashok Leyland, Daimler, MAN, Marcopolo, Tata Motors, and Volvo Group.
Commenting on the report, an analyst from Technavio’s team said: “One major trend gaining momentum in this market is the adoption of battery driven buses for BRT systems. Electric buses travel more than 40 miles on a single charge and charging stations take about 10 minutes to completely recharge a bus. The benefits of using electric buses include cleaner air, quieter operation, and reduced maintenance cost.”
According to the report, one driver influencing this market is the rapid urbanization across the world. Owing to the growing population and the emergence of medium-sized cities, the coming years will witness a considerable increase in demand for bus rapid transport systems.
Further, the report states that one challenge affecting this market is the delay in the implementation of BRT system projects. Due to this delay, BRT system operations for passengers are deferred and this will result in huge losses incurred by the governments of various countries.
Ashok Leyland, Daimler, MAN, Marcopolo, Tata Motors, and Volvo Group.
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