Bus Rapid Transit Systems: A Global Strategic Business Report
San Jose, California (PRWEB) March 04, 2015
Follow us on LinkedIn – A BRT (Bus Rapid Transit) system is an advanced network of high capacity, lower cost buses that run on dedicated lanes to improve urban mobility. First developed and deployed in Brazil, the concept soon spread to other countries in Latin America. Years of incremental technology improvements in BRT systems have helped improve their reliability and success in most modern cities. BRT systems flaunt the potential to reduce congestion, enhance cost efficiency and significantly lower the carbon footprint of the transportation industry. Several countries across the globe have therefore implemented BRT systems, while several others have scheduled projects underway. The cost economics behind implementing a BRT system is a key factor spurring its deployment worldwide.
Accelerated urban transition is a key factor driving growth in the market. Urban population is on the rise worldwide, a trend which is expected to continue over the next several years. The unfazed growth in urban population is leading to the emergence of mega cities and regions across the globe. The development of urban corridors, mega cities and sub-national mega-urban regions will therefore create a need for planning and governance to reduce pollution and congestion associated with the transportation infrastructure. The scenario is expected to benefit demand for BRT systems. Regulatory bodies such as EPA are also offering support to develop and deploy eco-friendly BRT systems to reduce pollution and global warming. As governments begin to respond to population growth and align development with community values, BRT systems will witness strategic interest. Other factors driving growth in the market include the growing need for secure and rapid transit systems with higher shuttle frequencies, and deteriorating traffic conditions led by fast-paced motorization in emerging countries. Rising concerns over the fiscal and environmental impact of traditional transport systems especially cars, coupled with the worldwide initiative to reduce carbon emissions will also offer ample scope for the growth of high-capacity and high-performance BRT systems. Growth in the market will also be supported by coordinated improvements in infrastructure, technology, operations, and equipment related to bus based mass transit. BRT Lite is expected to be the most sought-after BRT system in developing countries due to its relative cost effectiveness than light rail systems and/or metros. In metropolitan areas such as Seoul, Delhi, Los Angeles, BRT is likely to co-exist with traditional rail/metro systems.
As stated by the new market research report on Bus Rapid Transit Systems, Asia-Pacific represents the largest market worldwide. BRT deployments in the region are led by factors such as inadequate public transportation system, high cost of inter-city mobility, congested highways, and government focus on eliminating the use of motorcycles as a mode of urban passenger transport. Other factors driving growth in the region include globalization of trade, production and finance, and intensifying intercity competition for world city status among the developing Asian countries. China and India represent the two major markets with tremendous prospects for growth.
Major players covered in the report include Ashok Leyland Ltd., Daimler AG, Marcopolo S.A., New Flyer Industries Inc., NABI Bus, LLC, Scania AB, Tata Motors Limited, Volvo Group, Xiamen King Long United Automotive Industry Co. Ltd., and Youngman Neoplan, Zhengzhou Yutong Bus Co. Ltd., among others.
The research report titled “Bus Rapid Transit Systems: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, drivers, mergers, acquisitions and other strategic industry activities. The report provides market estimates and projections for BRT vehicle shipments for major geographic markets such as the US, Europe (France, Germany, Italy, UK, The Netherlands, Sweden and Rest of Europe), Asia-Pacific (Australia, China, India, Indonesia, Taiwan and Rest of Asia-Pacific), Latin America (Brazil, Colombia, Mexico and Rest of Latin America) and Rest of World. Also, the global and regional markets for Bus Rapid Transit Systems are analyzed in terms of BRT vehicle shipments by type of propulsion systems - Diesel-powered BRT vehicles and other fuels-powered BRT vehicles.
For more details about this comprehensive market research report, please click here
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