2014-04-16 06:29:02 - Bus Rapid Transit Systems: A Global Strategic Business Report - a new market research report on companiesandmarkets.com
Global market for Bus Rapid Transit (BRT) Vehicles is projected to reach 9,666 units by 2018, driven by urbanization, increasing traffic congestion and pollution in major cities worldwide, and lower implementation costs of BRT systems.
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 over the years led to emergence of mega cities and is changing the shape of several more cities across the globe. Several cities, as a result, have been witnessing increased pollution and congestion, forcing concerned authorities to focus on improving urban transportation infrastructure to alleviate congestion issues.
The present public transportation system in most emerging cities is inadequate to meet the growing
mobility needs of their population. Compelling road users to switch to public transportation is perceived as a key solution to alleviate congestion problems in cities. Consequently, governments are on the hunt to improve reliability of existing mass transportation systems such as light rails, metro rails, mono rails systems and bus systems to ensure faster commutation to encourage car drivers to opt for public transportation systems. A BRT (Bus Rapid Transit) system is a latest addition to this suite that promises to offer superior benefits in the realm of urban transportation at lower costs, which is resulting in tremendous growth in popularity of these systems worldwide.
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