Global Shipments of Bus Rapid Transit (BRT) Vehicles are Projected to Reach 10,068 Units by 2020
The Rise of Mega-Urban Regions to Drive Growth in the Bus
Rapid Transit Systems Market, According to a New Report by Global Industry Analysts, Inc.
GIA announces
the release of a comprehensive global report on Bus Rapid Transit Systems. Global
shipments of Bus Rapid Transit (BRT) Vehicles are projected to reach 10,068
units by 2020, driven by the rise of mega-urban regions in countries such
as China, Japan, and Brazil.
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.
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