Bus Rapid Transit Market Report by Technology, Industry Share and Size Expansion to 2026 | Fortune Business Insights™
Bus Rapid Transit Market will exhibit a CAGR of 8.1% during the forecast period, and reach USD 1040.27 million by 2027, and the Market value as per 2019 was USD 822.86 million. Fortune Business Insights™ in a new report, titled, “ Bus Rapid Transit (BRT) Market Size , Share & Industry Analysis, By Bus Type (Standard, Articulated, Others), By Application (Urban Areas, Others), and Regional Forecast, 2020-2027.” Bus Rapid Transit Market Drivers and Restraint: Rising Demand for Road Safety will Favor Growth Bus rapid transit corridors help in lowering the frequency of fatalities, injuries, and traffic incidents. They also enhance traffic safety. The TransMilenio BRT in Bogota, for instance, successfully lowered the rates of injuries and crashes of two main corridors. Besides, EMBARQ stated that it conducted thorough safety impact assessments that consisted of the before and after data for four BRT systems in Latin America, Australia, and India. The result was a reduction