Bus Rapid Transit System (BRT) Market Forecast Analysis and Growth Trends
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The Bus Rapid Transit System (BRT) Market represents a rapidly growing segment of urban transportation solutions. According to a TechSci Research report, “Bus Rapid Transit System (BRT) Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028,” the Global BRT Market was valued at USD 2.2 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 5.8% from 2024 to 2028. This anticipated growth is driven by factors such as increasing urbanization, governmental support for sustainable transportation, and technological advancements in public transit systems. This report explores the various dimensions of the BRT market, highlighting key trends, regional insights, and major players shaping the industry. What is Bus Rapid Transit (BRT)? Definition and Core Components Bus Rapid Transit (BRT) systems are public transportation solutions designed to deliver fast, efficient, and cost-effective service in urban areas. Key compon...