Global Bus Rapid Transit (BRT) Systems Market - Industry Analysis Size Share Growth Trends and Forecast 2024 - 2031

Product Description

Bus rapid transit is a bus-based public transport system designed to improve capacity and reliability relative to a conventional bus system. Typically, a BRT system includes roadways that are dedicated to buses, and gives priority to buses at intersections where buses may interact with other traffic; alongside design features to reduce delays caused by passengers boarding or leaving buses, or purchasing fares. BRT aims to combine the capacity and speed of a metro with the flexibility, lower cost and simplicity of a bus system. The Bus Rapid Transit (BRT) Systems market revenue was xx Million USD in 2019, grew to xx Million USD in 2023, and will reach xx Million USD in 2031, with a CAGR of xx during 2024-2031. Considering the influence of COVID-19 on the global Bus Rapid Transit (BRT) Systems market, this report analyzed the impact from both global and regional perspectives. From production end to consumption end in regions such as North America, Europe, China, and Japan, the report put emphasis on analysis of market under COVID-19 and corresponding response policy in different regions. This report also analyzes the strategies for different companies to deal with the impact of COVID-19 in detail to seek a path to recovery. Under COVID-19 Outbreak, how the Bus Rapid Transit (BRT) Systems Industry will develop is also analyzed in detail in Chapter 1.8 of this report. Major Players in Bus Rapid Transit (BRT) Systems market are: Yutong Group Novasbus Youngman Jiangsu Huimin Traffic Facility Siemens Cubic Innovation Init Volvo Group Rapid Transit MAN Corporation Qingdao Hinsense Yutong Group Xiamen Kinglong ITDP Lantianyuan Technology ZF Most important types of Bus Rapid Transit (BRT) Systems products covered in this report are: Open Type Exclusive Lane Semi-Open Exclusive Lane Other Most widely used downstream fields of Bus Rapid Transit (BRT) Systems market covered in this report are: Large City Medium-Sized City Major Regions or countries covered in this report: North America Europe China Japan Middle East and Africa South America India South Korea Southeast Asia Others In Chapter 3.4, the report provides analysis of the reasons behind price fluctuations. In chapters 5, 6, and 7, the impact of COVID-19 on the different regions in both production and consumption end and SWOT analysis are pointed out. In Chapters 8, the report presents company's recent development and strategies to deal with the impact of COVID-19.