Global School Bus Market 2024-2028
The school bus market is forecasted to grow by USD 1517.5 mn during 2023-2028, accelerating at a CAGR of 4.6% during the forecast period. The report on the school bus market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing number of school enrollments, growing interest toward electric vehicles, and advantages of school buses over other modes of transportation.
Technavio's school bus market is segmented as below:
By Powertrain Type
By Type
By Geographical Landscape
- North America
- APAC
- Europe
- Middle East and Africa
- South America
This study identifies the technological innovations for effectiveness of school buses as one of the prime reasons driving the school bus market growth during the next few years. Also, shift toward electric bus manufacturing by oems and adoption of lightweight materials for manufacturing school buses will lead to sizable demand in the market.
The report on the school bus market covers the following areas:
- School bus market sizing
- School bus market forecast
- School bus market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading school bus market vendors that include Ashok Leyland Ltd., Berkshire Hathaway Inc., Blue Bird Corp., Daimler Truck AG, Eicher Motors Ltd., Ford Motor Co., GreenPower Motor Co. Inc., Higer Bus USA, JCBLGroup, Mahindra and Mahindra Ltd., Mercedes Benz Group AG, REV Group Inc., Porsche Automobil Holding SE, SML Isuzu Ltd., Tata Motors Ltd., The Lion Electric Co., Trans Tech Bus, Traton SE, Van Con Inc., and Zhengzhou Yutong Group Co. Ltd.. Also, the school bus market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.