School Bus Market

By Power-Train;

IC Engine, Electric and Hybrid

By Capacity Design;

Type A, Type B, Type C and Type D

By Fuel Type;

Gasoline, Diesel, Electric, Hybrid and CNG

By Seating Capacity;

Less Than 10, 10-20, 21-30, 31-40 and 40 or More

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn197913972 Published Date: August, 2025 Updated Date: September, 2025

School Bus Market Overview

School Bus Market (USD Million)

School Bus Market was valued at USD 805.51 million in the year 2024. The size of this market is expected to increase to USD 1,045.81 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 3.8%.


School Bus Market

*Market size in USD million

CAGR 3.8 %


Study Period2025 - 2031
Base Year2024
CAGR (%)3.8 %
Market Size (2024)USD 805.51 Million
Market Size (2031)USD 1,045.81 Million
Market ConcentrationHigh
Report Pages329
805.51
2024
1,045.81
2031

Major Players

  • Blue Bird Corporation
  • Thomas Built Buses, Inc.
  • IC Bus (Navistar International Corporation)
  • Collins Bus Corporation
  • Lion Electric Company
  • Hino Motors, Ltd.

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

School Bus Market

Fragmented - Highly competitive market without dominant players


The School Bus Market is expanding steadily as institutions prioritize safe and efficient student transportation. Adoption has risen by over 40%, with modern buses integrating advanced safety features and eco-friendly technologies. This transformation underscores the importance of school buses in supporting both mobility and sustainability.

Key Drivers Accelerating Growth
One of the major growth drivers is the emphasis on student safety. Nearly 35% of schools now utilize buses with GPS tracking, emergency alert systems, and improved seating features, ensuring reliable monitoring and protection for children.

Technological Advancements Enhancing Adoption
Technology is reshaping the sector, with 50% of upgrades including electric buses, connected telematics, and real-time monitoring. These solutions help institutions lower emissions, optimize routes, and reduce operational costs while maintaining efficiency.

Future Prospects and Market Outlook
Looking ahead, the School Bus Market is positioned for strong growth. Over 60% of providers and institutions plan to expand their fleets with innovations in electric mobility, automation, and safety. This evolution will reinforce the role of school buses as vital and sustainable modes of student transportation.

  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 Fuel Type
    4. Market Snapshot, By Seating Capacity
    5. Market Snapshot, By Region
  4. 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. School Bus Market, By Power-Train, 2021 - 2031 (USD Million)
      1. IC Engine
      2. Electric
      3. Hybrid
    2. School Bus Market, By Capacity Design, 2021 - 2031 (USD Million)
      1. Type A
      2. Type B
      3. Type C
      4. Type D
    3. School Bus Market, By Fuel Type, 2021 - 2031 (USD Million)
      1. Gasoline
      2. Diesel
      3. Electric
      4. Hybrid
      5. CNG
    4. School Bus Market, By Seating Capacity, 2021 - 2031 (USD Million)
      1. Less Than 10
      2. 10-20
      3. 21-30
      4. 31-40
      5. 40 or More
    5. School Bus Market, By Geography, 2021 - 2031 (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 (Association of South East Asian Countries)
        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