Global Bus Rapid Transit (BRT) Market Revenue Grows at a CAGR of 8.2%

Introduction

Straits Research published a report titled “Bus Rapid Transit (BRT) Market Size & Outlook, 2026–2034.” According to the study, the market size is valued at USD 2.71 billion in 2025 and is projected to expand to USD 5.42 billion by 2034, registering a compound annual growth rate (CAGR) of 8.2% during the forecast period.

Market Dynamics

The bus rapid transit (BRT) market is supported by the rising need for efficient, high-capacity urban mobility solutions as cities grapple with growing population density, traffic congestion, and pressure on existing public transport systems. Increasing demand for reliable, time-efficient commuting options, coupled with the shift toward structured corridor-based bus operations, is driving adoption across urban and intercity applications. The ability of BRT systems to deliver metro-like performance with shorter deployment timelines is strengthening demand across municipal and regional transport networks.

Encouraging policy support for sustainable urban transportation, ongoing investments in dedicated transit corridors, and long-term urban mobility planning initiatives across major economies are key drivers of market growth. Continuous improvements in fleet design, corridor integration, and system operations are enabling cities to enhance passenger throughput and service reliability. As a result, BRT systems are increasingly positioned as a core component of modern, scalable, and cost-efficient public transportation infrastructure.

Market Highlights

• Segmental Leadership: Articulated BRT buses hold the largest share (42.6%), while battery electric BRT buses record the fastest CAGR (11.1%).
• Infrastructure Outlook: Fully dedicated BRT corridors account for the highest adoption, holding 44.3% market share due to superior speed and reliability.
• Application Focus: The Urban Commuter market is expected to record the fastest growth of 8.6% during the forecasting period, driven by high daily ridership and demand for time-efficient mass transit.
• Regional Insights: North America dominates with 36.8% share, supported by mature BRT networks, corridor expansions, and sustained public transport investments.

Competitive Players

1. BYD Company Ltd.
2. Volvo Group
3. Daimler Truck AG
4. Scania AB
5. Tata Motors Ltd.
6. Ashok Leyland
7. Yutong Bus Co., Ltd.
8. Solaris Bus & Coach
9. MAN Truck & Bus SE
10. Iveco Group
11. VDL Bus & Coach
12. Zhongtong Bus Holding Co., Ltd.
13. New Flyer Industries
14. NFI Group
15. CAF Group (Solaris / Urbino BRT)
16. Marcopolo S.A.
17. Hino Motors, Ltd.
18. CRRC Corporation Limited
19. Alexander Dennis Limited
20. Proterra Inc.
21. Others

Recent Developments

Segmentation

1. By Bus Type (2022-2034)
   1. Standard BRT Buses
   2. Articulated BRT Buses
   3. Bi-Articulated BRT Buses
2. By Propulsion Technology (2022-2034)
   1. Diesel
   2. CNG
   3. Hybrid Electric
   4. Battery Electric
   5. Hydrogen Fuel Cell
3. By Infrastructure Configuration (2022-2034)
   1. Fully Dedicated BRT Corridors
   2. Partially Dedicated BRT Corridors
   3. Mixed Traffic BRT Systems
4. By Application (2022-2034)
   1. Urban Commuter
   2. Inter City Routes
   3. Airport Shuttles
   4. Logistics Integration 
   5. Others
5. By Region (2022-2034)
   1. North America
   2. Europe
   3. Asia Pacific
   4. Middle East and Africa
   5. Latin America