The school bus market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Whats’ The Global School Bus Market Size?
The school bus market size is expected to see strong growth in the next few years. It will grow to $23.46 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%. The growth in the forecast period can be attributed to environmental awareness, growing demand for electric school buses, rise in urbanization, growing demand for hybrid school buses, and growing demand for propane school buses. Major trends in the forecast period include innovations in vehicle design, integration of technology in education systems, infrastructure development, integration of advanced technologies, and adoption of electromobility.
Top Companies In The School Bus Market
Major companies operating in the school bus market are Toyota Motor Corporation, Mercedes Benz Group AG, Ford Motor Co., Daimler Truck AG, AB Volvo, Traton SE, Tata Motors Ltd., Mahindra and Mahindra Ltd., Navistar Inc., Ashok Leyland Ltd., Yutong Bus Co. Ltd., Eicher Motors Ltd., Blue Bird Corporation, Thomas Built Buses, SML Isuzu Ltd., The Lion Electric Co., Collins Bus Corporation, IC Bus, GreenPower Motor Co. Inc., Van Con Inc., JCBL Limited, Starcraft Corp., Superior Coach Corp., Endera Motors, Trans Tech Bus Inc.
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School Bus Market Drivers And Trends with Instances
The increasing number of school enrollments is anticipated to spur growth in the school bus market. Rising global literacy initiatives and improved education access are driving higher enrollment rates, necessitating more efficient student transportation solutions. School bus enrollment has grown significantly, with 75.2 million students enrolled in the US alone.
Companies are enhancing their offerings with advanced technologies, such as GreenPower Motor Company’s all-electric Type D school bus, which features a long range and high-capacity battery, ideal for extended routes and rural areas.
School Bus Market Segmentation
The school bus market covered in this report is segmented –
1) By Type: Diesel Fuel, Alternative Fuel, Hybrid-Electric, Battery-Powered
2) By Capacity Design Type: Type A, Type B, Type C, Type D
3) By Application: Education, Law Enforcement, Community Outreach
Table of Contents
1. Introduction
• Overview of the School Bus Market
• Comprehensive Analysis of School Bus Market
2. School Bus Market Drivers and Restraints
• Drivers and Restraints For Historic And Forecast Period
3. School Bus Market Segmentation
• By Type
• By Capacity Design Type
• By Application
4. Competitive Landscape And Company Profiles In The School Bus Market
• Overview
• Products and Services
• Strategy
5. School Bus Market Regional And Country Analysis
• By Region
• By Country
6. Market Trends And Opportunities In School Bus Market
• Technological Advancements
• Emerging Trends
7. School Bus Market Future Outlook and Potential Analysis
• Growth Strategies
• New Opportunities
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A school bus is a type of vehicle designed for transporting students to and from school, as well as to and from school-related activities. It is typically a purpose-built vehicle with distinctive features such as a yellow color, warning lights, and safety devices. School buses are used to provide safe and efficient transportation for students, and their design and operation are regulated by federal and state laws to ensure the highest level of safety and security.
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