US School Bus Market Size, Trends and Insights By Type (Single Deck, Double Deck), By Fuel Type (Diesel, Electric & Hybrid), By Application (Transit, School, Coach), and By Region - Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032


Report Code: CMI39145

Published Date: January 2024

Pages: 320+

Category: USA

Report Snapshot

CAGR: 11.8%
6.8B
2022
7.5B
2023
14.8B
2032

Source: CMI

Study Period: 2023-2032
Fastest Growing Market: USA
Largest Market: USA

Major Players

  • Blue Bird Corporation
  • Thomas Built Buses Inc.
  • IC Bus LLC
  • Collins Bus Corporation
  • Lion Electric Company
  • Others

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Reports Description

The US School Bus Market is expected to witness significant growth from 2023 to 2032, driven by increasing awareness of environmental sustainability, the adoption of alternative fuel technologies, and the modernization of school transportation fleets.

The market is projected to achieve a Compound Annual Growth Rate (CAGR) of approximately 11.8% during this period. In 2023, the market is estimated to be valued at USD 7.5 Billion, and it is expected to reach USD 14.8 Billion by 2032.

The transition towards cleaner and greener transportation solutions, along with government initiatives promoting eco-friendly school transportation, plays a crucial role in shaping the US School Bus Market.

Market Overview:

The US School Bus Market comprises various types of school buses, each catering to specific needs and preferences. Conventional school buses, known for their reliability and cost-effectiveness, have been the traditional choice for school transportation.

However, with a growing emphasis on environmental sustainability, electric school buses are gaining traction, offering zero-emission alternatives. Hybrid and propane school buses represent intermediate solutions, blending conventional technologies with cleaner fuel options.

The market is witnessing advancements in design, safety features, and technology integration, aligning with the evolving needs of schools and transportation authorities.

The US bus market is poised for significant expansion as the public transit bus fleet undergoes a transition from diesel-powered vehicles to battery-powered or hydrogen fuel cell buses. The rising preference for electric buses for intra-city travel and school commuting is anticipated to be a key driver of market growth.

Moreover, the increasing adoption of buses in airports, government facilities, and luxury tourism is expected to have a positive impact on the overall growth of the bus market in the United States.

Factors Influencing the US School Bus Market Growth:

Rise in Environmental Awareness:

  • Opportunity: Increasing awareness of environmental issues is driving demand for electric and alternative fuel-powered school buses.
  • Impact: School districts are exploring eco-friendly options to reduce emissions and provide students with a cleaner and healthier transportation environment.

Government Incentives and Regulations:

  • Opportunity: Government incentives and regulations supporting the adoption of green technologies in school transportation are encouraging fleet modernization.
  • Impact: School districts are leveraging financial incentives and complying with regulations to invest in environmentally friendly school buses, boosting market growth.

Advancements in Electric Vehicle Technology:

  • Opportunity: Ongoing advancements in electric vehicle technology, including battery efficiency and range, are making electric school buses more viable.
  • Impact: Manufacturers are investing in research and development to enhance the performance and cost-effectiveness of electric school buses, contributing to market expansion.

Safety and Technological Features:

  • Opportunity: Growing emphasis on student safety and technological integration in school buses is driving demand for modernized fleets.
  • Impact: Manufacturers are incorporating advanced safety features, connectivity solutions, and telematics in school buses, meeting the evolving expectations of school transportation stakeholders.

Reduced Total Cost of Ownership:

  • Opportunity: The focus on the total cost of ownership, including maintenance and fuel costs, is favoring the adoption of fuel-efficient and alternative fuel school buses.
  • Impact: School districts are considering long-term cost savings and environmental benefits when making purchasing decisions, and influencing market trends.

Public-Private Partnerships:

  • Opportunity: Collaborations between public and private entities are fostering investments in sustainable school transportation solutions.
  • Impact: Partnerships facilitate the deployment of innovative technologies and financial support, accelerating the adoption of eco-friendly school buses.

Integration of Smart Transportation Solutions:

  • Opportunity: The integration of smart transportation solutions, such as route optimization and real-time tracking, enhances the efficiency of school bus fleets.
  • Impact: School districts are adopting smart technologies to improve safety, communication, and operational efficiency in school transportation, driving market growth.

US School Bus Market – Mergers and Acquisitions:

Lion Electric’s Partnership with Navistar:

  • Details: Lion Electric Company partners with Navistar, Inc. to collaborate on the development and production of electric school buses.
  • Impact: The partnership aims to accelerate the adoption of electric school buses in the US market, leveraging Lion Electric’s expertise and Navistar’s market presence.

Proterra’s Collaboration with Collins Bus Corporation:

  • Details: Proterra Inc. collaborates with Collins Bus Corporation to integrate Proterra’s electric vehicle technology into Collins’ school buses.
  • Impact: The collaboration aims to offer an electric school bus solution with advanced technology and performance, contributing to the electrification of school transportation.

COMPARATIVE ANALYSIS OF THE RELATED MARKET

US School Bus Market Bus HVAC Market Electric School Bus Market
CAGR 11.8% (Approx) CAGR 7.1% (Approx) CAGR 14% (Approx)
USD 14.8 Billion by 2032 USD 2.3 Billion by 2032 USD 40 Billion by 2032

US School Bus Market Trends:

Electric School Bus Adoption:

  • Trend: The increasing adoption of electric school buses, driven by environmental concerns and government incentives, is reshaping the school transportation landscape.

Technological Integration:

  • Trend: School buses are incorporating advanced safety features, connectivity solutions, and telematics to enhance student safety and operational efficiency.

Fleet Modernization Initiatives:

  • Trend: School districts are actively pursuing fleet modernization initiatives, replacing older buses with fuel-efficient and environmentally friendly alternatives.

Focus on Total Cost of Ownership:

  • Trend: The focus on the total cost of ownership, including maintenance and fuel costs, is influencing purchasing decisions, favoring sustainable and cost-effective solutions.

Government Support for Green Transportation:

  • Trend: Government initiatives and grants supporting the transition to green transportation solutions are encouraging school districts to invest in electric and alternative fuel buses.

Public-Private Collaborations:

  • Trend: Collaborations between public and private entities are playing a crucial role in advancing sustainable school transportation solutions and overcoming financial barriers.

Safety and Well-being of Students:

  • Trend: Safety remains a top priority, leading to the integration of technologies and features that enhance the well-being of students during school bus transportation.

Smart Transportation Solutions:

  • Trend: The integration of smart transportation solutions, such as route optimization and real-time tracking, is becoming prevalent to improve the efficiency of school bus operations.

Report Scope

Feature of the Report Details
Market Size in 2023 USD 7.5 Billion
Projected Market Size in 2032 USD 14.8 Billion
Market Size in 2022 USD 6.8 Billion
CAGR Growth Rate 11.8% CAGR
Base Year 2022
Forecast Period 2023-2032
Key Segment By Type, Fuel Type, Application and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Country Scope US
Buying Options Request tailored purchasing options to fulfil your requirements for research.

Restraining Factors Impacting the US School Bus Market:

Infrastructure Challenges:

  • Challenge: The lack of charging infrastructure for electric school buses may pose a barrier to widespread adoption, particularly in regions with limited charging facilities.
  • Impact: Addressing infrastructure challenges is crucial to ensure the seamless integration of electric school buses into existing transportation systems.

Initial Cost of Electric Buses:

  • Challenge: The higher upfront cost of electric school buses compared to traditional buses may deter some school districts from making immediate investments.
  • Impact: Educating stakeholders about long-term cost savings and government incentives can mitigate concerns about the initial cost barrier.

Limited Awareness and Education:

  • Challenge: Limited awareness among school districts and communities about the benefits and practicality of alternative fuel school buses may hinder adoption.
  • Impact: Educational initiatives and outreach programs are essential to inform stakeholders about the environmental and economic advantages of eco-friendly school buses.

Regulatory and Policy Uncertainty:

  • Challenge: Uncertainty regarding future regulations and policies related to alternative fuel school buses may create hesitation among decision-makers.
  • Impact: Clear and consistent regulatory frameworks, along with supportive policies, are necessary to provide a stable environment for market growth.

Resistance to Change:

  • Challenge: Resistance to change, especially in established transportation systems, can impede the adoption of new technologies and fuel options.
  • Impact: Implementing comprehensive change management strategies and showcasing successful case studies can help overcome resistance and build confidence in adopting sustainable school transportation solutions.

Limited Funding Resources:

  • Challenge: School districts with limited funding resources may face challenges in allocating budgets for the upfront costs of electric and alternative fuel school buses.
  • Impact: Access to financial incentives, grants, and partnerships with private entities can alleviate the financial burden on school districts and facilitate the adoption of sustainable school buses.

Charging and Range Concerns:

  • Challenge: Concerns about the charging infrastructure and range limitations of electric school buses may create hesitancy among school districts.
  • Impact: Addressing these concerns through strategic planning, infrastructure development, and advancements in battery technology is essential to build confidence in the adoption of electric school buses.

US School Bus Market 2023–2032 (By Billion)

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Segmentation Analysis of the US School Bus Market:

By Type:

In 2023, the single-deck segment dominated the market with a substantial share exceeding 93%, and it is poised to register the fastest Compound Annual Growth Rate (CAGR) throughout the forecast period.

The considerable investments made in the U.S. and Canada to enhance the road transportation infrastructure have significantly increased the accessibility of single-deck buses for interstate travel.

Numerous city administrations are actively pursuing comprehensive plans to transition their entire bus fleets to electric vehicles, with a focus on single-deck models.

A notable example is the Metropolitan Transportation Authority (MTA), which is contemplating a complete replacement of its bus fleet with zero-emission vehicles by 2040.

The trend toward electric bus fleets is gaining momentum in various cities, with the Metropolitan Transportation Authority leading the way in transforming Internal Combustion Engine (ICE) buses into zero-emission vehicles by 2040.

Additionally, the Federal Transit Administration (FTA) in the U.S. announced funding of approximately USD 1.9 million in January 2023, intended to support state authorities in upgrading or acquiring buses and enhancing bus facilities.

These proactive initiatives serve as strong incentives for manufacturers to develop and produce single-deck electric buses, presenting new and promising opportunities for market expansion.

By Fuel Type:

In 2023, the diesel segment commanded the largest market share, exceeding 78%. The preference for diesel stems from its relatively lower cost compared to other vehicle fuels, making diesel-fired buses a popular choice due to their cost-effective operation.

Diesel engines are known for their robustness and safety, contributing to their widespread use in North American school buses, where they power 95% of the fleet. Of these, 58% of consumers opt for the cleanest, nearly emission-free diesel engine technology.

Although there is encouragement for schools to adopt blends of high-quality biodiesel and renewable fuel, as well as initiatives promoting bus electrification, the substantial initial costs, and investments are compelling local agencies to continue relying on diesel buses.

The electric and hybrid segment secured a significant market share in 2023 and is poised for rapid growth in the forecast period.

This growth is attributed to the ongoing electrification of public fleets and the enthusiastic adoption of hybrid buses by public fleet operators in the U.S. Various incentives, subsidies, and rebates are being offered to facilitate the electrification of existing bus fleets.

For example, the City of Jonesboro in Arkansas received funding amounting to USD 879,654 to procure hybrid buses, replacing older diesel buses and contributing to improved air quality in the city. By Seating Capacity.

US School Bus Market 2023–2032 (By Type)

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Key Developments:

  • In January 2023, Blue Bird Corporation introduced a new line of electric school buses with advanced safety features and increased range, contributing to the electrification of school transportation.
  • In March 2023, Proterra Inc. announced a partnership with a major school bus manufacturer to integrate Proterra’s electric powertrain technology into a new line of electric school buses.
  • In February 2023, Lion Electric Company received a significant order for electric school buses from a school district aiming to transition to a zero-emission fleet.

Regional Analysis of the US School Bus Market:

The US School Bus Market exhibits regional variations influenced by factors such as state regulations, infrastructure development, and environmental priorities.

  • Eastern Region: States in the Eastern region, such as New York and Massachusetts, are witnessing increased adoption of electric school buses, driven by stringent emissions regulations and a focus on sustainable transportation solutions.
  • Midwestern Region: States like Illinois and Michigan are exploring hybrid and propane school buses, balancing environmental concerns with practical considerations related to fuel availability and infrastructure.
  • Southern Region: Southern states, including Texas and Florida, are incorporating a mix of conventional and alternative fuel school buses to meet the diverse transportation needs of large student populations.
  • Western Region: The Western region, particularly California, is at the forefront of electric school bus adoption, supported by progressive policies, incentives, and a commitment to reducing greenhouse gas emissions.
  • Central Region: States in the Central region, such as Ohio and Indiana, are investing in safety and technological features in school buses, aligning with national trends in modernizing transportation fleets.

US School Bus Market 2023–2032 (By Fuel Type)

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List of the prominent players in the US School Bus Market:

  • Blue Bird Corporation
  • Thomas Built Buses Inc.
  • IC Bus LLC
  • Collins Bus Corporation
  • Lion Electric Company
  • Trans Tech Bus
  • Cummins Inc.
  • Micro Bird
  • GreenPower Motor Company
  • Starcraft Bus
  • Navistar Inc.
  • Proterra Inc.
  • ADOMANI Inc.
  • Collins Industries Inc.
  • REV Group Inc.
  • Others

The US School Bus Market is segmented as follows:

By Type

  • Single Deck
  • Double Deck

By Fuel Type

  • Diesel
  • Electric & Hybrid

By Application

  • Transit
  • School
  • Coach

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market Research Methodology
  • Chapter 2. Executive Summary
    • 2.1 US School Bus Market, (2023 – 2032) (USD Billion)
    • 2.2 US School Bus Market: snapshot
  • Chapter 3. US School Bus Market – Industry Analysis
    • 3.1 US School Bus Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Rise in Environmental Awareness
      • 3.2.2 Government Incentives and Regulations
      • 3.2.3 Advancements in Electric Vehicle Technology
      • 3.2.4 Safety and Technological Features
      • 3.2.5 Reduced Total Cost of Ownership
      • 3.2.6 Public-Private Partnerships
      • 3.2.7 Integration of Smart Transportation Solutions.
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market Attractiveness Analysis By Type
      • 3.7.2 Market Attractiveness Analysis By Fuel Type
      • 3.7.3 Market Attractiveness Analysis By Application
  • Chapter 4. US School Bus Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 US School Bus Market: Company Market Share, 2022
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, collaboration, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. US School Bus Market – Type Analysis
    • 5.1 US School Bus Market Overview: By Type
      • 5.1.1 US School Bus Market Share, By Type, 2022 and 2032
    • 5.2 Single Deck
      • 5.2.1 US School Bus Market by Single Deck, 2023 – 2032 (USD Billion)
    • 5.3 Double Deck
      • 5.3.1 US School Bus Market by Double Deck, 2023 – 2032 (USD Billion)
  • Chapter 6. US School Bus Market – Fuel Type Analysis
    • 6.1 US School Bus Market Overview: By Fuel Type
      • 6.1.1 US School Bus Market Share, By Fuel Type, 2022 and 2032
    • 6.2 Diesel
      • 6.2.1 US School Bus Market by Diesel, 2023 – 2032 (USD Billion)
    • 6.3 Electric & Hybrid
      • 6.3.1 US School Bus Market by Electric & Hybrid, 2023 – 2032 (USD Billion)
  • Chapter 7. US School Bus Market – Application Analysis
    • 7.1 US School Bus Market Overview: By Application
      • 7.1.1 US School Bus Market Share, By Application, 2022 and 2032
    • 7.2 Transit
      • 7.2.1 US School Bus Market by Transit, 2023 – 2032 (USD Billion)
    • 7.3 School
      • 7.3.1 US School Bus Market by School, 2023 – 2032 (USD Billion)
    • 7.4 Coach
      • 7.4.1 US School Bus Market by Coach, 2023 – 2032 (USD Billion)
  • Chapter 8. US School Bus Market – Regional Analysis
    • 8.1 US School Bus Market Regional Overview
    • 8.2 US School Bus Market Share, by Region, 2022 & 2032 (USD Billion)
  • Chapter 9. Company Profiles
    • 9.1 Blue Bird Corporation
      • 9.1.1 Overview
      • 9.1.2 Financials
      • 9.1.3 Product Portfolio
      • 9.1.4 Business Strategy
      • 9.1.5 Recent Developments
    • 9.2 Thomas Built Buses Inc.
      • 9.2.1 Overview
      • 9.2.2 Financials
      • 9.2.3 Product Portfolio
      • 9.2.4 Business Strategy
      • 9.2.5 Recent Developments
    • 9.3 IC Bus LLC
      • 9.3.1 Overview
      • 9.3.2 Financials
      • 9.3.3 Product Portfolio
      • 9.3.4 Business Strategy
      • 9.3.5 Recent Developments
    • 9.4 Collins Bus Corporation
      • 9.4.1 Overview
      • 9.4.2 Financials
      • 9.4.3 Product Portfolio
      • 9.4.4 Business Strategy
      • 9.4.5 Recent Developments
    • 9.5 Lion Electric Company
      • 9.5.1 Overview
      • 9.5.2 Financials
      • 9.5.3 Product Portfolio
      • 9.5.4 Business Strategy
      • 9.5.5 Recent Developments
    • 9.6 Trans Tech Bus
      • 9.6.1 Overview
      • 9.6.2 Financials
      • 9.6.3 Product Portfolio
      • 9.6.4 Business Strategy
      • 9.6.5 Recent Developments
    • 9.7 Cummins Inc.
      • 9.7.1 Overview
      • 9.7.2 Financials
      • 9.7.3 Product Portfolio
      • 9.7.4 Business Strategy
      • 9.7.5 Recent Developments
    • 9.8 Micro Bird
      • 9.8.1 Overview
      • 9.8.2 Financials
      • 9.8.3 Product Portfolio
      • 9.8.4 Business Strategy
      • 9.8.5 Recent Developments
    • 9.9 GreenPower Motor Company
      • 9.9.1 Overview
      • 9.9.2 Financials
      • 9.9.3 Product Portfolio
      • 9.9.4 Business Strategy
      • 9.9.5 Recent Developments
    • 9.10 Starcraft Bus
      • 9.10.1 Overview
      • 9.10.2 Financials
      • 9.10.3 Product Portfolio
      • 9.10.4 Business Strategy
      • 9.10.5 Recent Developments
    • 9.11 Navistar Inc.
      • 9.11.1 Overview
      • 9.11.2 Financials
      • 9.11.3 Product Portfolio
      • 9.11.4 Business Strategy
      • 9.11.5 Recent Developments
    • 9.12 Proterra Inc.
      • 9.12.1 Overview
      • 9.12.2 Financials
      • 9.12.3 Product Portfolio
      • 9.12.4 Business Strategy
      • 9.12.5 Recent Developments
    • 9.13 ADOMANI Inc.
      • 9.13.1 Overview
      • 9.13.2 Financials
      • 9.13.3 Product Portfolio
      • 9.13.4 Business Strategy
      • 9.13.5 Recent Developments
    • 9.14 Collins Industries Inc.
      • 9.14.1 Overview
      • 9.14.2 Financials
      • 9.14.3 Product Portfolio
      • 9.14.4 Business Strategy
      • 9.14.5 Recent Developments
    • 9.15 REV Group Inc.
      • 9.15.1 Overview
      • 9.15.2 Financials
      • 9.15.3 Product Portfolio
      • 9.15.4 Business Strategy
      • 9.15.5 Recent Developments
    • 9.16 Others.
      • 9.16.1 Overview
      • 9.16.2 Financials
      • 9.16.3 Product Portfolio
      • 9.16.4 Business Strategy
      • 9.16.5 Recent Developments
List Of Figures

Figures No 1 to 18

List Of Tables

Tables No 1 to 2

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2032

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2032
  • Market revenue estimates and forecasts up to 2032, by technology
  • Market revenue estimates and forecasts up to 2032, by application
  • Market revenue estimates and forecasts up to 2032, by type
  • Market revenue estimates and forecasts up to 2032, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Prominent Player

  • Blue Bird Corporation
  • Thomas Built Buses Inc.
  • IC Bus LLC
  • Collins Bus Corporation
  • Lion Electric Company
  • Trans Tech Bus
  • Cummins Inc.
  • Micro Bird
  • GreenPower Motor Company
  • Starcraft Bus
  • Navistar Inc.
  • Proterra Inc.
  • ADOMANI Inc.
  • Collins Industries Inc.
  • REV Group Inc.
  • Others

FAQs

The key factors driving the Market are Rise in Environmental Awareness, Government Incentives and Regulations, Advancements in Electric Vehicle Technology, Safety and Technological Features, Reduced Total Cost of Ownership, Public-Private Partnerships And Integration of Smart Transportation Solutions.

The “Single Deck” category dominated the market in 2022.

The key players in the market are Blue Bird Corporation, Thomas Built Buses Inc., IC Bus LLC, Collins Bus Corporation, Lion Electric Company, Trans Tech Bus, Cummins Inc., Micro Bird, GreenPower Motor Company, Starcraft Bus, Navistar Inc., Proterra Inc., ADOMANI Inc., Collins Industries Inc., REV Group Inc., Others.

The market is projected to grow at a CAGR of 11.8% during the forecast period, 2023-2032.

The US School Bus Market size was valued at USD 7.5 Billion in 2023.

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