Urbanization & Increase in Traffic Congestion to Spur Growth in the Bus Rapid Transit Systems Market, According to New Report by Global Industry Analysts, Inc.

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GIA announces the release of a comprehensive global report on Bus Rapid Transit Systems markets. Global market for Bus Rapid Transit (BRT) Vehicles is projected to reach 9,666 units by 2018, driven by urbanization, increasing traffic congestion and pollution in major cities worldwide, and lower implementation costs of BRT systems.

Bus Rapid Transit Systems: A Global Strategic Business Report

Follow us on LinkedIn – 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 over the years led to emergence of mega cities and is changing the shape of several more cities across the globe. Several cities, as a result, have been witnessing increased pollution and congestion, forcing concerned authorities to focus on improving urban transportation infrastructure to alleviate congestion issues. The present public transportation system in most emerging cities is inadequate to meet the growing mobility needs of their population. Compelling road users to switch to public transportation is perceived as a key solution to alleviate congestion problems in cities. Consequently, governments are on the hunt to improve reliability of existing mass transportation systems such as light rails, metro rails, mono rails systems and bus systems to ensure faster commutation to encourage car drivers to opt for public transportation systems. A BRT (Bus Rapid Transit) system is a latest addition to this suite that promises to offer superior benefits in the realm of urban transportation at lower costs, which is resulting in tremendous growth in popularity of these systems worldwide.

Even as the need, awareness and determination to alleviate traffic congestion is increasing, economic pressures are preventing governments from undertaking massive changes to existing urban transportation infrastructure. As a result, more and more governments are increasingly viewing BRT systems as an effective and economically viable alternative for light rail and other high cost solutions to address the issue. The quicker turnaround or shorter timeframe for implementation of BRT systems is driving its popularity. Technology is also playing its part in driving the success of BRT systems across the globe. BRT systems use a wide range of technologies to deliver fast and reliable services to passengers for an overall positive customer experience. One such technology that has received significant popularity is real-time passenger information. The satellite based tracking technology enables automatic provision of predictive bus arrival times on display units at bus stations.

A BRT system is an advanced network of buses running on dedicated lanes/roadways bus ways and complements with existing technology or infrastructure. First conceived and implemented in Brazil, the concept soon spread to other countries in Latin America. Gradual improvements in systems helped increase the reliability and success of BRT. Several existing BRT systems have shown the capability to reduce congestion and environmental impact of transportation and enhance cost efficiency. As a result, several countries across the globe have implemented BRT systems, while several more have scheduled projects underway. With existing public transport systems being upgraded, new BRT projects are being implemented worldwide and poised to benefit under this scenario are BRT vehicles/buses.

As stated by the new market research report on Bus Rapid Transit Systems, Asia-pacific represents the largest market worldwide. Rapid growth in BRT implementation in the region, particularly China, has transformed Asia into the largest market for BRT vehicles worldwide. Increasing energy security concerns, rising population and rapid urbanization will continue to drive demand for BRT in the region. China and India, especially, represent the two major markets with tremendous prospects for growth. Diesel Fuel-Powered Vehicles represents the largest product segment in the global market. However, other fuels powered BRT vehicles are projected to witness the highest growth over the analysis period.

Major players covered in the report include Ashok Leyland Ltd., Daimler AG, Marcopolo S.A., New Flyer, NABI Bus LLC, Scania AB, Tata Motors Limited, Volvo Group, Xiamen King Long United Automotive Industry Co., Ltd., Youngman Neoplan and Zhengzhou Yutong Bus Co., Ltd.

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 all major geographic markets such as US, Canada, Europe (France, Germany, Italy, UK, Netherlands, Sweden and Rest of Europe), Asia-Pacific (Australia, China, India, Indonesia, Taiwan and Rest of Asia-Pacific), Latin America (Brazil, Mexico, Colombia 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 Fuel-powered BRT vehicles and other fuels-powered BRT vehicles.

For more details about this comprehensive market research report, please visit –
http://www.strategyr.com/Bus_Rapid_Transit_Systems_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.

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Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
Email: press(at)StrategyR(dot)com
Web Site: http://www.StrategyR.com/

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