Global Bus Rapid Transit (BRT) Market Size to Exceed USD 6.03 billion by 2035 | CAGR of 9.69%

Global Bus Rapid Transit (BRT) Market Size to Exceed USD 6.03 billion by 2035

According to a research report published by Spherical Insights & Consulting, The Global Bus Rapid Transit (BRT) Market Size is Expected to Grow from USD 2.18 Billion in 2024 to USD 6.03 Billion by 2035, at a CAGR of 9.69% During the Forecast Period 2025-2035.          

Browse 210 Market Data Tables and 45 Figures Spread Through 190 Pages and In-Depth TOC On the ''Global Bus Rapid Transit (BRT) Market Size, Share, and COVID-19 Impact Analysis, By Bus Type (Standard, Articulated, and Others), By Propulsion (ICE and Electric), and by Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2025 – 2035.  "Detailed Report Decription Here: https://www.sphericalinsights.com/press-release/bus-rapid-transit-brt-market                  

The bus rapid transit (BRT) market refers to dedicated, high-capacity bus-based transport systems designed to provide faster, efficient, and reliable urban mobility compared to conventional buses. Market growth is driven by rapid urbanization, traffic congestion, rising public transit demand, and government initiatives promoting sustainable transport. However, adoption is restrained by high infrastructure costs, limited road space, long implementation timelines, maintenance challenges, and occasional public resistance, particularly in densely populated or economically constrained cities. Recent trends include electric and hybrid buses, advanced ticketing systems, dedicated lanes, and smart city integration to improve efficiency and environmental sustainability.

The articulated segment accounted for the largest share in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period.           

Based on the bus type, the bus rapid transit (BRT) market is divided into standard, articulated, and others. Among these, the articulated segment accounted for the largest share in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period. The Articulated bus segment dominates the BRT market because it offers a higher passenger capacity of 120–180 passengers, compared to 80–100 in standard buses. This greater capacity improves operational efficiency, reduces congestion, and lowers costs on busy urban routes. Additionally, with over 55% of the global population living in cities and rising BRT implementation in high-demand corridors, the segment continues to experience strong growth.

The ICE segment accounted for the highest market revenue in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period.     

Based on the propulsion, the bus rapid transit (BRT) market is divided into ICE and electric. Among these, the ICE segment accounted for the highest market revenue in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period. The Internal Combustion Engine (ICE) segment generated the highest revenue in 2024 and is projected to grow at a notable CAGR during the forecast period. ICE buses remain prevalent in BRT fleets because of their lower initial costs, widespread refueling infrastructure, and simpler maintenance, particularly in developing regions where electric bus adoption is still limited.

Asia Pacific is expected to hold the majority share of the bus rapid transit (BRT) market over the predicted timeframe.       

Asia Pacific is expected to hold the majority share of the bus rapid transit (BRT) market over the predicted timeframe. The Asia Pacific region is projected to lead the BRT market, representing more than 40% of global BRT systems in 2024. Growth is fueled by rapid urbanization, increasing population density, and government programs such as China’s urban transit expansion and India’s Smart Cities Mission. Strong demand for efficient mass transit, coupled with investments in electric and articulated buses, further drives market expansion in the region.

North America is anticipated to grow at the fastest pace in the bus rapid transit (BRT) market during the forecast period. North America is anticipated to witness rapid growth in the BRT market, driven by rising urban congestion, government funding for sustainable, low-emission transit, and modernization of public transportation infrastructure. The deployment of electric and articulated buses, smart ticketing systems, and dedicated BRT corridors in cities such as Los Angeles, Bogotá-inspired initiatives, and major Canadian urban centers is accelerating market expansion.

Major vendors in the global bus rapid transit (BRT) market are, AB Volvo, Tata Motors, MAN, Ashok Leyland, Yutong, Marcopolo S.A., King Long, BYD Company Ltd., Mercedes Benz, and Alexander Dennis.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs) 

Recent Development

• In September 2025, The Bi-State Development and the City of St. Louis have initiated plans to explore bus rapid transit (BRT) for the Green Line Transit Corridor, aiming to provide faster, more reliable, and cost-effective transit solutions amid high light-rail expenses and limited federal funding. The project will commence with planning and engineering studies, following approval by the commissioners.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the bus rapid transit (BRT) market based on the below-mentioned segments:  

Global Bus Rapid Transit (BRT) Market, By Bus Type  

• Standard
• Articulated
• Others

Global Bus Rapid Transit (BRT) Market, By Propulsion

• ICE
• Electric

Global Bus Rapid Transit (BRT) Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa

About the Spherical Insights & Consulting

Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.

Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements. 

CONTACT US:

For More Information on Your Target Market, Please Contact Us Below:    

Phone: +1 303 800 4326 (the U.S.)

Phone: +91 90289 24100 (APAC)

Email: inquiry@sphericalinsights.com, sales@sphericalinsights.com

Contact Us: https://www.sphericalinsights.com/contact-us

Follow Us: LinkedIn | Facebook | Twitter