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Unlock What Growth School Bus Market May See in Future; Participants Still Eyeing 2.2% Growth in Market
School Bus Market Latest Edition Published with Forecast to 2027- Sep 17, 2021
- Transportation Infrastructure
The article cited AMA's Global School Bus Market Study explored substantial growth with CAGR of 2.2%. According the report, Increasing Adoption of Electric School Buses
is one of the primary growth factors for the market. Rise in Number of School Buses Owing to Growing Expenditure by Government to Promote Education
is also expected to contribute significantly to the School Bus market. Overall, applications of School Bus, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The presence of players such as Collins Industries (United States), Starcraft Bus (United States), Trans Tech (United States), IC Bus (United States), Thomas Built Buses (United States), Blue Bird Corporation (United States), Girardin Minibus (Canada), Lion Electric Company (Canada), Mercedes-Benz (Germany), Volvo (Sweden), Alexander Dennis (United Kingdom), Scania (Sweden) and Iveco (Italy) may see astonishing sales in this Market and certainly improve revenue growth.
The Power Train, such as Diesel Fuel, is boosting the School Bus market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Seating Capacity, such as < 10, is boosting the School Bus market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Sales Channel, such as OEM, is boosting the School Bus market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMA’s Analyst on the Global School Bus market identified that the demand is rising in many different parts of the world as "Introduction of Alternative Fuel Powered School Bus Amid Growing Need to Curb Emission ". Furthermore, some recent industry insights like "United Kingdom based electric drivetrain solutions Equipmake has developed cost-effective electric bus powertrain. The testing for the same is in final phase and in-service trails of the vehicles are expected to start in the first quarter of 2020. This EBus drivetrain has two APM200 motors along with latest generation lithium-ion cells." is constantly making the industry dynamic. One of the challenges that industry facing is "Complexity and High Cost Associated in Maintenance of School Buses"
The report provides an in-depth analysis and forecast about the industry covering the following key features:
• Detailed Overview of School Bus market will help deliver clients and businesses making strategies.
• Influencing factors that thriving demand and latest trend running in the market
• What is the market concentration? Is it fragmented or highly concentrated?
• What trends, challenges and barriers will impact the development and sizing of School Bus market
• SWOT Analysis of profiled players and Porter's five forces & PEST Analysis for deep insights.
• What growth momentum or downgrade market may carry during the forecast period?
• Which region may tap highest market share in coming era?
• What focused approach and constraints are holding the School Bus market tight?
• Which application/end-user category or Product Type [AC and Non-AC] may seek incremental growth prospects?
• What would be the market share of key countries like Germany, USA, France, China etc.?
Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the School Bus market and other related sub-markets covered in the study.
o Key & emerging players in the School Bus market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation
The overall School Bus market size is calculated using market estimation process, the School Bus market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global School Bus market size has been validated using both top-down and bottom-up approaches.
The Power Train, such as Diesel Fuel, is boosting the School Bus market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Seating Capacity, such as < 10, is boosting the School Bus market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Sales Channel, such as OEM, is boosting the School Bus market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMA’s Analyst on the Global School Bus market identified that the demand is rising in many different parts of the world as "Introduction of Alternative Fuel Powered School Bus Amid Growing Need to Curb Emission ". Furthermore, some recent industry insights like "United Kingdom based electric drivetrain solutions Equipmake has developed cost-effective electric bus powertrain. The testing for the same is in final phase and in-service trails of the vehicles are expected to start in the first quarter of 2020. This EBus drivetrain has two APM200 motors along with latest generation lithium-ion cells." is constantly making the industry dynamic. One of the challenges that industry facing is "Complexity and High Cost Associated in Maintenance of School Buses"
The report provides an in-depth analysis and forecast about the industry covering the following key features:
• Detailed Overview of School Bus market will help deliver clients and businesses making strategies.
• Influencing factors that thriving demand and latest trend running in the market
• What is the market concentration? Is it fragmented or highly concentrated?
• What trends, challenges and barriers will impact the development and sizing of School Bus market
• SWOT Analysis of profiled players and Porter's five forces & PEST Analysis for deep insights.
• What growth momentum or downgrade market may carry during the forecast period?
• Which region may tap highest market share in coming era?
• What focused approach and constraints are holding the School Bus market tight?
• Which application/end-user category or Product Type [AC and Non-AC] may seek incremental growth prospects?
• What would be the market share of key countries like Germany, USA, France, China etc.?
Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the School Bus market and other related sub-markets covered in the study.
o Key & emerging players in the School Bus market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation
The overall School Bus market size is calculated using market estimation process, the School Bus market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global School Bus market size has been validated using both top-down and bottom-up approaches.
Praveen Kumar
Head & Director of Sales