Industry Background:
School buses are the mode of mass transit used for transporting students from one place to the others. These buses are either owned or rented by school authorities. The design for school buses differ from buses used in public transportation as enhanced safety is the key consideration taken into account while manufacturing school buses. Of late, manufacturers are emphasizing on introducing electric powered school buses to curb the emission which in turn is expected to provide lucrative opportunity for various stakeholders involved. In this regard, recently in July 2019, California Energy Commission was awarded approximately USD 70 million to replace over 200 diesel school buses with electric buses. Other regions across the globe are expected to follow the similar suit as vehicle emission norms tightened.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | 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) |
According to AMA, the market for School Bus is expected to register a CAGR of 2.2% during the forecast period to 2027. This growth is primarily driven by Rise in Number of School Buses Owing to Growing Expenditure by Government to Promote Education and Focus on Retrofitting of Existing School Buses.
Globally, a noticeable market trend is evident Increasing Adoption of Electric School Buses
The Transportation Infrastructure sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Manufacturers, 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), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
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.
Influencing Trend:
Increasing Adoption of Electric School Buses and Increasing Trends of Mass Transit to Save Fuel and Reduce Emission
Market Growth Drivers:
Rise in Number of School Buses Owing to Growing Expenditure by Government to Promote Education and Focus on Retrofitting of Existing School Buses
Challenges:
Complexity and High Cost Associated in Maintenance of School Buses
Restraints:
Availability of Alternate School Transportation System and Lack of Proper Charging Infrastructure for Electric School Buses
Opportunities:
Introduction of Alternative Fuel Powered School Bus Amid Growing Need to Curb Emission and Growing Focus on Modernizing School Transportation
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in School Bus Market
- Analysis about New Entrants in School Bus Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, School Bus Study Sheds Light on
The School Bus Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the School Bus industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where School Bus industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.