Bus Rapid Transit Systems Market — Dynamics, Forecast, Analysis and Supply Demand
The Bus Rapid Transit Systems (BRT) is the upcoming public transportation system providing efficient, cost effective, safer and faster transport than the traditional bus service. The deployment of BRT requires up-gradation of the existing infrastructure to help improvise its functionality. In developed countries it is known as busway while in other countries it is known as quality bus.
The world’s first BRT was Rede Integrada de Transporte deployed in Brazil, 1974. The BRT has certain unique features such as dedicated roadways or right side bus way only. Certain BRT’s have onboard fare charging while others have off board, which smoothens the transportation process.
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With the advent of sophisticated lifestyles in metro cities, the necessity of a cost effective and high quality transit service was recognized leading to the development of the BRT. Faster and safer means of transportation supplemented by hygienic conditions are some of the crucial factors driving the markets of BRT systems.
With the deployment of less polluting BRT systems, the EPA regulatory agency and other regulatory bodies have also been supporting the development and implementation of BRT systems across the globe. The deployment of such BRT systems will not only help in reduction of the pollutants released but also in controlling the global warming scenario.
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The development of a country is highly proportional to its infrastructure development. Thus, government of emerging economies is encouraging the implementation of the BRT systems and the trend is likely to continue over the forecast period.