Global School Bus Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Power-Train;

IC Engine, Electric and Hybrid.

By Capacity Design;

Type A, Type B, Type C and Type D.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn197913972 Published Date: April, 2024 Updated Date: May, 2024

Introduction

Global School Bus Market (USD Million), 2020 - 2030

In the year 2023, the Global School Bus Market was valued at USD 776.02 million. The size of this market is expected to increase to USD 1,007.52 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 3.8%.

The Global School Bus Market stands as a critical component of the transportation sector, providing safe and reliable transportation for students to and from educational institutions worldwide. These iconic yellow buses serve as an integral part of the educational infrastructure, ensuring that students have access to transportation services that facilitate their daily commute to school. With a history dating back over a century, school buses have evolved into sophisticated vehicles equipped with advanced safety features, comfortable seating, and environmentally friendly propulsion systems, catering to the diverse needs of students, parents, and educational authorities across the globe.

This market is characterized by a wide array of manufacturers, each offering a variety of school bus models tailored to different requirements and preferences. Key players in the market include established manufacturers such as Blue Bird Corporation, Thomas Built Buses (a subsidiary of Daimler AG), and IC Bus (a division of Navistar International Corporation), among others. These companies continuously innovate to introduce new technologies and features that enhance the safety, efficiency, and comfort of school buses, addressing evolving regulatory standards and market demands.

The Global School Bus Market is influenced by factors such as government regulations, environmental concerns, and technological advancements. As authorities worldwide prioritize student safety and sustainability, there is a growing emphasis on adopting electric and alternative fuel-powered school buses to reduce emissions and environmental impact. Moreover, advancements in vehicle connectivity and autonomous driving technologies are reshaping the future of school transportation, offering opportunities for enhanced safety and operational efficiency. With manufacturers focusing on innovation and collaboration with educational institutions and government agencies, the Global School Bus Market is poised for continued growth and evolution, ensuring that students have access to safe and efficient transportation services for years to come.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Power-Train
    2. Market Snapshot, By Capacity Design
    3. Market Snapshot, By Region
  4. Global School Bus Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Government Initiatives for Student Safety
        2. Increasing Urbanization and Population Growth
        3. Demand for Environmentally Friendly Transportation Solutions
        4. Technological Advancements in School Bus Design
        5. Growing Focus on Accessibility and Inclusivity
      2. Restraints
        1. Budget Constraints in Education Sector
        2. Maintenance and Operating Costs
        3. Regulatory Compliance and Safety Standards
        4. Limited Adoption of Alternative Fuel Vehicles
        5. Challenges in Infrastructure Development
      3. Opportunities
        1. Rising Demand for Electric School Buses
        2. Expansion into Emerging Markets
        3. Integration of Advanced Safety Features
        4. Collaboration with Technology Providers for Innovation
        5. Customization and Adaptation to Regional Requirements
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global School Bus Market, By Power-Train, 2020 - 2030 (USD Million)
      1. IC Engine
      2. Electric
      3. Hybrid
    2. Global School Bus Market, By Capacity Design, 2020 - 2030 (USD Million)
      1. Type A
      2. Type B
      3. Type C
      4. Type D
    3. Global School Bus Market, By Geography, 2020 - 2030 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia/New Zealand
        5. South Korea
        6. ASEAN
        7. Rest of Asia Pacific
      4. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
      5. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
  6. Competitive Landscape
    1. Company Profiles
      1. Blue Bird Corporation
      2. Thomas Built Buses, Inc.
      3. IC Bus (Navistar International Corporation)
      4. Collins Bus Corporation
      5. Lion Electric Company
      6. Hino Motors, Ltd.
  7. Analyst Views
  8. Future Outlook of the Market

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