Bus Rapid Transport Systems (BRT) Market Bus Rapid Transport Systems (BRT) Market

Bus Rapid Transport Systems (BRT) Market Key Players, Trends,
Growth Opportunities and Industry Forecast till 2023
“Government spending and awareness for developing a
sustainable infrastructure for transport is a priority based
need in urban areas. Tremendous load of commuters and
shortage of transport vehicles is likely to propel the
market growth during the forecast period.”
The global bus rapid transport systems (BRT) market is anticipated to grow at a significant CAGR of 9.57%
during the forecast period. Bus rapid transport systems (BRT) is a public transportation system that provides
efficient and safer transportation when compared to traditional bus service. BRT’s have gained a wide
popularity and has benefited commuters with high-quality public transits from around the world. It has
proven as a cost-effective alternative for expensive urban settlements since high-quality bus-based systems
serve an excellent commute service based on a few principles. Operating with an organized approach, it is
mainly designed for urban settings.
Bus rapid transport systems (BRT) market is driven by development of transport systems in metro cities for
commuters. Government spending and awareness for developing a sustainable infrastructure for transport
is a priority based need in urban areas. Tremendous load of commuters and shortage of transport vehicles
is likely to propel the market growth during the forecast period.
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Metro cities all around the world are now adopting this model as it ensures less traffic and encourages safety
for pedestrians and other commuters. However, political differences and corruption on regional level affects
the progress of the BRT systems in various cities. Market is geographically segmented as North America, South
America, Europe, Asia-Pacific, Middle East and Africa.