Estimation for Bus Rapid Transit Market for 2032 is USD 4.12 Billion; Fast Transportation, High-Quality, and Affordable Prices for Public Transportation Fuels Market Growth

The global Bus Rapid Transit (BRT) market size stood at USD 2.23 billion in 2024. The market is predicted to rise from USD 2.45 billion in 2025 to USD 4.12 billion by 2032 at a CAGR of 8.3% from 2025 to 2032. Fortune Business Insights™ presents this information in its report titled, “Bus Rapid Transit (BRT) Market Size, Share, & Industry Analysis, By Bus Type (Standard, Articulated, and Others), By Propulsion (ICE and Electric), By Application (Urban Areas and Others), and Regional Forecasts, 2025-2032”

BRT is a bus transport system with a high-quality, efficient, and comfortable public mobility solution in both urban and rural areas across the globe. In comparison to other modes of public transportation, this system is one of the most affordable solutions when it comes to mobility. Some features offered by these systems are online off-board fare collection, fast transportation, and proper infrastructures for busways & stations. The feature ensures fast and regular transportation operations as well as offers wider and safer roads for pedestrians, cyclists, and motor vehicles, further reducing fatalities and accidents.

E-mobility Expansion by MAN Group is a Significant Market Development

In September 2025, a contract was signed by MAN Truck & Bus ordering the largest stock of electric buses outside of Europe. On the other hand, Paruk Group, a South African company, placed an order of 100 fully electric Lion’s Explorer E buses. The order placed by both the companies will be manufactured locally and are estimated to start functioning from a year later. After a successful execution, this contract will mark a significant victory for MAN and its global e-mobility expansion goal.

Government Initiative to Adapt Public Transit Boosts Market Growth

Due to the growing concerns regarding environmental pollution and greenhouse gas emission, the exhaust from the vehicles is adding more to it. So, in order to reduce such threats to public health, the government is focusing on spreading awareness for people to use public transit systems while reducing automotive emissions. Such awareness is further increasing Bus Rapid Transit (BRT) market growth. However, the initiatives taken by the government in order to reduce sales and use of conventional vehicles is anticipated to create significant uncertainty for the adoption of IC engine-powered vehicles.

However, the major challenge faced by the market is replacing these high-quality systems with the existing networks in urban areas, as it can be expensive for an initial investment.

Prominent Market Players Are Focusing on Delivering Flexible Security Solutions

The competitive landscape of the bus rapid transit market is led by a large number of manufacturers which are dedicatedly producing such buses. For instance, in countries such as Mexico City and Bogota there are large systems, namely Metrobus and TransMilenio, that operate buses from various manufacturers, particularly Scania, Volvo, and Mercedes. However, the increasing manufacturing capabilities, especially in the developing countries, creates significant market opportunity for the key vendors who are operating in this market in order to increase growth during the forecast period. 

List of the Companies Profiled in the Report

• AB Volvo (Sweden)
• Tata Motors (India)
• MAN (Germany)
• Ashok Leyland (India)
• Yutong (China)
• Marcopolo S.A. (Brazil)
• King Long (China)
• BYD Company Ltd. (China)
• Mercedes Benz (Germany)
• Alexander Dennis Limited (U.K.)

To get a detailed report summary and research scope of this market, click here:

https://www.fortunebusinessinsights.com/bus-rapid-transit-brt-market-103436

Notable Industry Development

• April 2024: An agreement was made by Daimer Buses with Otokar Otomotiv ve Suvunma Sanayi A.Ş. in order to boost the company’s production capacity. Further, to strengthen the production network and regional collaboration efforts of Daimler, Otokar to manufacture Mercedes-Benz Conecto city buses that are conventionally powered.

Further Report Findings

• In the geographical forefront, the rest of the world region, especially Latin America and the Middle East & Africa, holds the largest share of the market. This growth is due to the region’s increasing number of BRT passengers that gives rise to an increase in the number of bus transit systems and daily commuters.
• Asia Pacific is anticipated to witness fastest growth during the forecast period due to increasing road traffic congestion and government focus on increasing public transport capability.
• On the basis of bus type, the standard segment is anticipated to hold a dominating position in the market as such buses are mostly available across both developed as well as underdeveloped economies. Further, standard buses are available at lower affordable costs.
• Based on application, the urban areas segment dominates the Bus Rapid Transit (BRT) market share due to rising road traffic congestion and increased urbanization in order to boost the demand for high-quality as well as affordable bus transportation services for efficient urban mobility.

Table of Segmentation