PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1528884
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1528884
School Bus Market - By Propulsion (Diesel, Hybrid, Electric), By Class (Type A, Type B, Type C, Type D), By End-use (School District, Private Contractor, Charter Services) & Forecast, 2024 - 2032
School bus market size is estimated to record over 6% CAGR during 2024-2032, driven by the increasing emphasis on student safety and the implementation of stringent government regulations regarding school transportation. Governments across various regions are enforcing strict safety standards and guidelines that compel schools to adopt certified and well-maintained school buses equipped with advanced safety features. For instance, in May 2024, CalAmp allowed school bus operators to monitor and control their vehicles in real time for ensuring that they are running smoothly and on schedule.
With growing concerns about environmental pollution and the impacts of vehicular emissions, there is rising demand for electric and hybrid school buses. Governments and school districts are increasingly investing in green transportation initiatives and providing incentives for the adoption of Eco-friendly buses. This shift towards sustainable transportation is further supported by advancements in electric vehicle technology, such as improved battery life and charging infrastructure, making electric school buses a viable and attractive option.
The industry is classified into propulsion, class, end-use and region.
Based on propulsion, the school bus market size from the hybrid segment is slated to record strong CAGR through 2032 due to its ability to combine the benefits of traditional and electric buses for offering a more sustainable and cost-effective transportation solution. Hybrid school buses significantly reduce fuel consumption and emissions compared to conventional diesel buses, making them essential for school districts in meeting environmental regulations with a reduced carbon footprint.
School bus market from the private contractor end-use segment is projected to observe a substantial CAGR between 2024 and 2032 backed by the strong need for offering cost-effective, efficient, and reliable transportation solutions for school districts. Private contractors have the resources and expertise to manage large fleets to ensure regular maintenance and compliance with safety regulations, which can be challenging for individual school districts to handle.
Asia Pacific school bus industry will witness sustained growth from 2024 - 2032 attributed to the rapid urbanization and the resulting expansion of educational infrastructure. As cities grow and more schools are established to accommodate the increasing student population in the region, the need for reliable and efficient school transportation solutions is rising. Government initiatives aimed at improving education access, particularly in rural and suburban areas, will further boost demand for school buses across APAC.
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Research design
- 1.1.1 Research approach
- 1.1.2 Data collection methods
- 1.2 Base estimates and calculations
- 1.2.1 Base year calculation
- 1.2.2 Key trends for market estimates
- 1.3 Forecast model
- 1.4 Primary research & validation
- 1.4.1 Primary sources
- 1.4.2 Data mining sources
- 1.5 Market definitions
Chapter 2 Executive Summary
- 2.1 Industry 360° synopsis, 2021 - 2032
Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.2 Supplier landscape
- 3.2.1 Raw material suppliers
- 3.2.2 Component suppliers
- 3.2.3 Manufacturers
- 3.2.4 Service providers
- 3.2.5 Distribution channel
- 3.2.6 End users
- 3.3 Profit margin analysis
- 3.4 Technology & innovation landscape
- 3.5 Patent analysis
- 3.6 Key news & initiatives
- 3.7 Regulatory landscape
- 3.8 Impact forces
- 3.8.1 Growth drivers
- 3.8.1.1 Supportive government policies for electric school bus deployment
- 3.8.1.2 Improve in battery technology
- 3.8.1.3 Increasing development of charging infrastructure in North America
- 3.8.1.4 Rising urbanization necessitating efficient public school transportation systems
- 3.8.1.5 Expansion of educational institutions requiring reliable transportation infrastructure
- 3.8.2 Industry pitfalls & challenges
- 3.8.2.1 High initial cost of school buses
- 3.8.1 Growth drivers
- 3.9 Growth potential analysis
- 3.10 Porter's analysis
- 3.11 PESTEL analysis
Chapter 4 Competitive Landscape, 2023
- 4.1 Introduction
- 4.2 Company market share analysis
- 4.3 Competitive positioning matrix
- 4.4 Strategic outlook matrix
Chapter 5 Market Estimates & Forecast, By Propulsion, 2021 - 2032 ($Mn & Units)
- 5.1 Key trends
- 5.2 Diesel
- 5.3 Hybrid
- 5.4 Electric
Chapter 6 Market Estimates & Forecast, By Class, 2021 - 2032 ($Mn & Units)
- 6.1 Key trends
- 6.2 Type A
- 6.3 Type B
- 6.4 Type C
- 6.5 Type D
Chapter 7 Market Estimates & Forecast, By End-Use, 2021 - 2032 ($Mn & Units)
- 7.1 Key trends
- 7.2 School district
- 7.3 Private contractor
- 7.4 Charter services
Chapter 8 Market Estimates & Forecast, By Region, 2021 - 2032 ($Mn & Units)
- 8.1 Key trends
- 8.2 North America
- 8.2.1 U.S.
- 8.2.2 Canada
- 8.3 Europe
- 8.3.1 UK
- 8.3.2 Germany
- 8.3.3 France
- 8.3.4 Italy
- 8.3.5 Russia
- 8.3.6 Belgium
- 8.3.7 Sweden
- 8.3.8 Rest of Europe
- 8.4 Asia Pacific
- 8.4.1 China
- 8.4.2 India
- 8.4.3 Japan
- 8.4.4 South Korea
- 8.4.5 Indonesia
- 8.4.6 Thailand
- 8.4.7 Vietnam
- 8.4.8 Rest of Asia Pacific
- 8.5 Latin America
- 8.5.1 Brazil
- 8.5.2 Mexico
- 8.5.3 Argentina
- 8.5.4 Rest of Latin America
- 8.6 MEA
- 8.6.1 South Africa
- 8.6.2 UAE
- 8.6.3 Saudi Arabia
- 8.6.4 Iran
- 8.6.5 Turkey
- 8.6.6 Rest of MEA
Chapter 9 Company Profiles
- 9.1 Blue Bird Corporation
- 9.2 Carpenter Bus Sales
- 9.3 Collins Bus Corporation
- 9.4 Forest River
- 9.5 Gillig LLC
- 9.6 Girardin Minibus
- 9.7 IC Bus (Navistar)
- 9.8 Lion Electric Co.
- 9.9 Micro Bird Inc.
- 9.10 Proterra Inc.
- 9.11 Starcraft Bus
- 9.12 Thomas Built Buses
- 9.13 Thoroughly Tiny Transit
- 9.14 Trans Tech
- 9.15 Van-Con, Inc.
