School Bus Market to grow by USD 1.23 billion from 2022 to 2027 | The increasing number of school enrollments boost the market- Technavio

NEW YORK, Aug. 17, 2023 /PRNewswire/ -- The school bus market is estimated to grow by USD 1,235.2 million from 2022 to 2027, according to Technavio. The market is estimated to grow at a CAGR of  3.93% during the forecast period. However, the growth momentum will progress. For more insights on the historical (2017 to 2021) and forecast market size (2023 to 2027) - Request a sample report

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• Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession 
• Global competitiveness and key competitor positions 
• Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial  - buy the report!

School Bus Market - Segmentation Assessment
Segment Overview
Technavio has segmented the market based on powertrain type (ICE-powered and electric), and type (type C, type B, type A, and type D)

• The ICE-powered segment will account for a major share of the market's growth during the forecast period.  In this segment, school buses using alternative fuels (besides diesel and gasoline) such as compressed natural gas (CNG) and propane were considered. All of these fuels use the same drivetrain (ICE). The fuel used in school buses has an adverse impact on the environment Hence, such factors are expected to drive the market at a steady rate during the forecast period.

Geography Overview
By geography, the school bus market is segmented into North America, APAC, Europe, the Middle East and Africa, and South America. The report provides actionable insights and estimates the contribution of all regions to the growth of the global school bus market.

• North America is estimated to contribute 34% to the growth of the global market during the forecast period. The region features major manufacturers of school buses, serving both domestic and international markets. Blue Bird Corporation, IC Bus, and Thomas Built Buses Inc. are dominant companies with significant market shares. Furthermore, major competitors include Collins Bus Corporation, Micro Bird, and Lion Electric Company. Moreover, companies are innovating in their services to expand their influence in the market. Hence, such factors are expected to drive the market in the region during the forecast period.

Insights on the market contribution of various segments, including country and region wise historic data (2017 to 2021), and forecast market size (2023 to 2027) - Download a Sample Report

School Bus Market – Market Dynamics

Key Driver

The increasing number of school enrollments is driving growth in the school bus market. The growth of the world's population, especially in China and India, leads to more school attendance, which necessitates the expansion of educational facilities and related infrastructure such as transportation. This rise extends to international schools in emerging economies such as India, China, and the UAE. Furthermore, the US and Canada are global leaders in educational infrastructure.  Hence, these factors are expected to drive market growth during the forecast period.

Major Trends- Technological innovations for the effectiveness of school buses are a major trend in the market.

The lack of adequate charging infrastructure is a significant challenge restricting market growth.  A sufficient supply of charging facilities is required for the widespread adoption of energy-efficient vehicles, especially buses that depend on the public grid. As regulators work to raise awareness about electric vehicles, a focus on building charging infrastructure is key to encouraging the use of electric vehicles by the public and private sectors. Neglecting to improve charging infrastructure could affect school acceptance of electric buses. Hence, such factors are expected to restrict market growth during the forecast period.

Insights on Market Drivers, trends, & Challenges, historic period(2017 to 2021), and forecast period(2023 to 2027)- Request a sample report!

What are the key data covered in this School Bus Market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the school bus market between 2023 and 2027
• Precise estimation of the size of the school bus market and its contribution to the market with a focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the school bus market across North America, APAC, Europe, Middle East and Africa, and South America
• A thorough analysis of the market's competitive landscape and detailed information about companies
• Comprehensive analysis of factors that will challenge the growth of the school bus market companies

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Related Reports:

The bus market is estimated to grow at a CAGR of 6% between 2022 and 2027. The market size is forecast to increase by USD 15,868.32 million. Furthermore, this report extensively covers market segmentation by type (single deck and double deck), fuel type (diesel, electric and hybrid, and others), and geography (APAC, Europe, North America, South America, and Middle East and Africa). Rapid urbanization is notably driving market growth during the forecast period.

The articulated bus market is estimated to grow at a CAGR of 5.52% between 2022 and 2027. The market size is forecast to increase by USD 1,735.21 million. Furthermore, this report extensively covers market segmentation by fuel type (diesel, electric and hybrid, and others), type (single-decker bus and double-decker bus), and geography (Europe, APAC, North America, South America, and Middle East and Africa). Several benefits of articulated buses are the key driver for the growth of the market. 

Table of Contents

1 Executive Summary

• 1.1 Market Overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Powertrain Type
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Company Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of companies included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global school bus market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on global school bus market 2017 - 2021 ($ million)

• 4.2 Powertrain Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Powertrain Segment 2017 - 2021 ($ million)

• 4.3 Type Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – Type Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Powertrain Type

• 6.1 Market segments
• Exhibit 30: Chart on Powertrain Type - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Powertrain Type - Market share 2022-2027 (%)

• 6.2 Comparison by Powertrain Type 
• Exhibit 32: Chart on Comparison by Powertrain Type
• Exhibit 33: Data Table on Comparison by Powertrain Type

• 6.3 ICE-powered - Market size and forecast 2022-2027 
• Exhibit 34: Chart on ICE-powered - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on ICE-powered - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on ICE-powered - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on ICE-powered - Year-over-year growth 2022-2027 (%)

• 6.4 Electric - Market size and forecast 2022-2027 
• Exhibit 38: Chart on Electric - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Electric - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Electric - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Electric - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Powertrain Type 
• Exhibit 42: Market opportunity by Powertrain Type ($ million)
• Exhibit 43: Data Table on Market opportunity by Powertrain Type ($ million)

7 Market Segmentation by Type

• 7.1 Market segments
• Exhibit 44: Chart on Type - Market share 2022-2027 (%)
• Exhibit 45: Data Table on Type - Market share 2022-2027 (%)

• 7.2 Comparison by Type
• Exhibit 46: Chart on Comparison by Type
• Exhibit 47: Data Table on Comparison by Type

• 7.3 Type C - Market size and forecast 2022-2027 
• Exhibit 48: Chart on Type C - Market size and forecast 2022-2027 ($ million)
• Exhibit 49: Data Table on Type C - Market size and forecast 2022-2027 ($ million)
• Exhibit 50: Chart on Type C - Year-over-year growth 2022-2027 (%)
• Exhibit 51: Data Table on Type C - Year-over-year growth 2022-2027 (%)

• 7.4 Type B - Market size and forecast 2022-2027 
• Exhibit 52: Chart on Type B - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Data Table on Type B - Market size and forecast 2022-2027 ($ million)
• Exhibit 54: Chart on Type B - Year-over-year growth 2022-2027 (%)
• Exhibit 55: Data Table on Type B - Year-over-year growth 2022-2027 (%)

• 7.5 Type A - Market size and forecast 2022-2027 
• Exhibit 56: Chart on Type A - Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Data Table on Type A - Market size and forecast 2022-2027 ($ million)
• Exhibit 58: Chart on Type A - Year-over-year growth 2022-2027 (%)
• Exhibit 59: Data Table on Type A - Year-over-year growth 2022-2027 (%)

• 7.6 Type D - Market size and forecast 2022-2027 
• Exhibit 60: Chart on Type D - Market size and forecast 2022-2027 ($ million)
• Exhibit 61: Data Table on Type D - Market size and forecast 2022-2027 ($ million)
• Exhibit 62: Chart on Type D - Year-over-year growth 2022-2027 (%)
• Exhibit 63: Data Table on Type D - Year-over-year growth 2022-2027 (%)

• 7.7 Market opportunity by Type 
• Exhibit 64: Market opportunity by Type ($ million)
• Exhibit 65: Data Table on Market opportunity by Type ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 66: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 67: Chart on Market share by geography 2022-2027 (%)
• Exhibit 68: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 69: Chart on Geographic comparison
• Exhibit 70: Data Table on Geographic comparison

• 9.3 North America - Market size and forecast 2022-2027 
• Exhibit 71: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 72: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 73: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 74: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.4 APAC - Market size and forecast 2022-2027 
• Exhibit 75: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 76: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 77: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.5 Europe - Market size and forecast 2022-2027 
• Exhibit 79: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 80: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 81: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.6 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 83: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 84: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 85: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.7 South America - Market size and forecast 2022-2027 
• Exhibit 87: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 88: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 89: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027 
• Exhibit 91: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 92: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 93: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 China - Market size and forecast 2022-2027 
• Exhibit 95: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 96: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 97: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.10 Canada - Market size and forecast 2022-2027 
• Exhibit 99: Chart on Canada - Market size and forecast 2022-2027 ($ million)
• Exhibit 100: Data Table on Canada - Market size and forecast 2022-2027 ($ million)
• Exhibit 101: Chart on Canada - Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on Canada - Year-over-year growth 2022-2027 (%)

• 9.11 Japan - Market size and forecast 2022-2027 
• Exhibit 103: Chart on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 104: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 105: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 106: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.12 UK - Market size and forecast 2022-2027 
• Exhibit 107: Chart on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 108: Data Table on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 109: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 110: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 111: Market opportunity by geography ($ million)
• Exhibit 112: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 113: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Company Landscape

• 11.1 Overview

• 11.2 Company landscape
• Exhibit 114: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 115: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 116: Impact of key risks on business

12 Company Analysis

• 12.1 Companies covered
• Exhibit 117: Companies covered

• 12.2 Market positioning of companies 
• Exhibit 118: Matrix on company position and classification

• 12.3 Ashok Leyland Ltd
• Exhibit 119: Ashok Leyland Ltd - Overview
• Exhibit 120: Ashok Leyland Ltd - Product / Service
• Exhibit 121: Ashok Leyland Ltd - Key offerings

• 12.4 Berkshire Hathaway Inc. 
• Exhibit 122: Berkshire Hathaway Inc. - Overview
• Exhibit 123: Berkshire Hathaway Inc. - Business segments
• Exhibit 124: Berkshire Hathaway Inc. - Key news
• Exhibit 125: Berkshire Hathaway Inc. - Key offerings
• Exhibit 126: Berkshire Hathaway Inc. - Segment focus

• 12.5 Blue Bird Corp.
• Exhibit 127: Blue Bird Corp. - Overview
• Exhibit 128: Blue Bird Corp. - Business segments
• Exhibit 129: Blue Bird Corp. - Key offerings
• Exhibit 130: Blue Bird Corp. - Segment focus

• 12.6 Daimler Truck AG
• Exhibit 131: Daimler Truck AG - Overview
• Exhibit 132: Daimler Truck AG - Business segments
• Exhibit 133: Daimler Truck AG - Key offerings
• Exhibit 134: Daimler Truck AG - Segment focus

• 12.7 Ford Motor Co.
• Exhibit 135: Ford Motor Co. - Overview
• Exhibit 136: Ford Motor Co. - Business segments
• Exhibit 137: Ford Motor Co. - Key news
• Exhibit 138: Ford Motor Co. - Key offerings
• Exhibit 139: Ford Motor Co. - Segment focus

• 12.8 GreenPower Motor Co. Inc. 
• Exhibit 140: GreenPower Motor Co. Inc. - Overview
• Exhibit 141: GreenPower Motor Co. Inc. - Product / Service
• Exhibit 142: GreenPower Motor Co. Inc. - Key news
• Exhibit 143: GreenPower Motor Co. Inc. - Key offerings

• 12.9 JCBLGroup
• Exhibit 144: JCBLGroup - Overview
• Exhibit 145: JCBLGroup - Product / Service
• Exhibit 146: JCBLGroup - Key offerings

• 12.10 Mahindra and Mahindra Ltd. 
• Exhibit 147: Mahindra and Mahindra Ltd. - Overview
• Exhibit 148: Mahindra and Mahindra Ltd. - Business segments
• Exhibit 149: Mahindra and Mahindra Ltd. - Key news
• Exhibit 150: Mahindra and Mahindra Ltd. - Key offerings
• Exhibit 151: Mahindra and Mahindra Ltd. - Segment focus

• 12.11 REV Group Inc.
• Exhibit 152: REV Group Inc. - Overview
• Exhibit 153: REV Group Inc. - Business segments
• Exhibit 154: REV Group Inc. - Key offerings
• Exhibit 155: REV Group Inc. - Segment focus

• 12.12 Scania AB
• Exhibit 156: Scania AB - Overview
• Exhibit 157: Scania AB - Business segments
• Exhibit 158: Scania AB - Key offerings
• Exhibit 159: Scania AB - Segment focus

• 12.13 Tata Motors Ltd.
• Exhibit 160: Tata Motors Ltd. - Overview
• Exhibit 161: Tata Motors Ltd. - Business segments
• Exhibit 162: Tata Motors Ltd. - Key news
• Exhibit 163: Tata Motors Ltd. - Key offerings
• Exhibit 164: Tata Motors Ltd. - Segment focus

• 12.14 The Lion Electric Co. 
• Exhibit 165: The Lion Electric Co. - Overview
• Exhibit 166: The Lion Electric Co. - Product / Service
• Exhibit 167: The Lion Electric Co. - Key offerings

• 12.15 Trans Tech Bus
• Exhibit 168: Trans Tech Bus - Overview
• Exhibit 169: Trans Tech Bus - Product / Service
• Exhibit 170: Trans Tech Bus - Key offerings

• 12.16 Traton SE
• Exhibit 171: Traton SE - Overview
• Exhibit 172: Traton SE - Business segments
• Exhibit 173: Traton SE - Key news
• Exhibit 174: Traton SE - Key offerings
• Exhibit 175: Traton SE - Segment focus

• 12.17 Van Con Inc.
• Exhibit 176: Van Con Inc. - Overview
• Exhibit 177: Van Con Inc. - Product / Service
• Exhibit 178: Van Con Inc. - Key offerings

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 179: Inclusions checklist
• Exhibit 180: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 181: Currency conversion rates for US$

• 13.4 Research methodology
• Exhibit 182: Research methodology
• Exhibit 183: Validation techniques employed for market sizing
• Exhibit 184: Information sources

• 13.5 List of abbreviations 
• Exhibit 185: List of abbreviations

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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