Bus Rapid Transit System Market Report 2026

The bus rapid transit system market size has grown strongly in recent years. It will grow from $3.08 billion in 2025 to $3.37 billion in 2026 at a compound annual growth rate (CAGR) of 9.3%. The growth in the historic period can be attributed to urban congestion growth, need for mass transit solutions, government transport investments, cost advantages over rail, population urbanization.

The bus rapid transit system market size is expected to see rapid growth in the next few years. It will grow to $4.94 billion in 2030 at a compound annual growth rate (CAGR) of 10%. The growth in the forecast period can be attributed to electric bus adoption, smart mobility funding, emission reduction targets, integrated ticketing systems, real-time transit management. Major trends in the forecast period include expansion of dedicated bus corridors, adoption of intelligent traffic systems, integration of electric brt fleets, focus on high-capacity urban transport, enhanced passenger experience.

The increasing need for sustainable transport is expected to propel the growth of the bus rapid transit (BRT) system market going forward. Sustainable transport focuses on modes of transportation that are energy-efficient, low- or zero-emission, and socially and environmentally responsible. BRT systems are designed to be energy-efficient and low-emission, reducing carbon output and supporting sustainable urban mobility. For instance, in September 2025, according to the Department for Infrastructure, a UK-based government department, public transport recorded 81.1 million journeys in 2024-25, up 2.9 million journeys (3.6%) compared to 78.2 million in 2023-24. Therefore, the increasing need for sustainable transport is driving the growth of the BRT system market.

Major companies in the BRT market are developing systems with platform-level boarding to enhance accessibility, reduce boarding times, and improve passenger flow. Platform-level boarding aligns the vehicle floor with station platforms, enabling easy access for all passengers, including those with disabilities. For instance, in September 2024, Metro Inc., a Canada-based company, launched BRT services with exclusive lanes, platform-level boarding, and signal-priority systems that allow buses to trigger green lights at intersections. These features reduce delays, maintain consistent schedules, and improve overall travel efficiency.

In November 2025, TPG, a US-based private equity firm, acquired a majority stake in Kinetic for an undisclosed amount. The acquisition aims to accelerate Kinetic’s growth, expand its mobility service offerings, strengthen operational capabilities, and create long-term value. Kinetic is an Australia-based provider of integrated mobility and BRT solutions.

Major companies operating in the bus rapid transit system market report include Mercedes-Benz Group AG, BYD Auto Co Ltd., AB Volvo, Scania AB, Iveco S.p.A., Qingdao Hisense TransTech Co Ltd., Hino Motors Ltd., MAN SE, Transdev Group S.A., VDL Bus & Coach BV, Xiamen King Long Motor Group Co Ltd., Tata Motors Ltd., Zhengzhou Yutong Group Co Ltd., Ashok Leyland Ltd., Zhongtong Bus Holding Co Ltd., Solaris Bus & Coach sp. z o. o., NFI Group Inc., New Flyer Industries Inc., Marcopolo S.A., Gillig LLC, Anhui Ankai Automobile Co Ltd., Xiamen Golden Dragon Bus Co Ltd., Optare Group Ltd., Ebusco BV.

North America was the largest region in the bus rapid transit system market in 2025. The regions covered in the bus rapid transit system market report include Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the bus rapid transit system market report include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The bus rapid transit system market includes revenues earned by entities by providing services such as traffic signal priority, off-board fare collection, elevated platforms and enhanced stations. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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