U.S. Bus Market Revenue, Trend and Forecast to 2030

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2022
U.S. Bus Market Opportunities, and Trends in
Coming Years
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The U.S. bus market will reach 11,237.7 million
by 2030 at a CAGR of 4.7 during the forecast
period, from 7,453.4 million in 2021. This is
owing to the rapid urbanization and rising
government spending on the advancement of public
transport vehicles. Compared to traveling by
personal vehicles, they conserve fuel and release
lower levels of volatile chemicals into the air.
Apart from this, they also meet economical
standards, as the cost of traveling by public
transport is a lot less than that of a single
gallon of gasoline and diesel. The electric
category in the U.S. bus market will have the
fastest growth within the propulsion segment, at
a CAGR of approximately 30, in the coming years.
This can be ascribed to the subsidies, financial
incentives, and tax credits offered by the
federal and state governments on the sale of
electric buses. Since these are high-occupancy
vehicles, they certify for exemptions from toll
charges in various states, such as Colorado,
Georgia, California, Hawaii, and Arizona.
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The schools bus category dominated the U.S. bus
market, with approximately 55 share, in 2021.
The same trend will be resumed in the vehicle
type segment in the forecast period owing to the
status of these buses as the largest sources of
mass transportation in the nation. Standard buses
are used extensively in schools as well as public
transportation. It will maintain the dominance in
the market at a higher growth rate owing to the
negligible demand for customizable buses in
schools. To obtain a competitive advantage,
major companies in the U.S. bus market have
participated in partnerships, collaborations, and
product launches in recent years. These companies
are NFI Group Inc., AB Volvo, Blue Bird
Corporation, BYD Company Limited, GreenPower
Motor Company Inc., Lion Electric Company,
Daimler Truck AG, GILLIG LLC, Navistar
International Corporation, and REV Group Inc. For
instance, the BZL Electric bus chassis was
launched by AB Volvo in the country in September
2021. These buses are designed to help
governments transition their public
transportation fleets to non-emission
variants. Hence, the rapid urbanization and
rising government spending on the advancement of
public transport vehicles will offer lucrative
opportunities in the market. Request to Get the
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rket-analysis/us-bus-market/report-sample
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• Market Segmentation by Vehicle Type
• Inter-City Buses
• Intra-City Buses
• School Buses
• Others
• Market Segmentation by Body Type
• Standard
• Customizable
• Market Segmentation by Ownership
• Individual
• Fleet
• Government

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• Market Segmentation by Propulsion
• Diesel
• Gasoline
• Compressed Natural Gas (CNG)
• Electric
• Fuel Cell
• Others
• Market Segmentation by Length
• Below 6 m
• 68 m
• 8.110 m
• 10.112 m
• Above 12 m
• Market Segmentation by Seating Capacity
• Less than 30 Seats
• 3050 Seats
• More than 50 Seats

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• Market Segmentation by State
• California
• New York
• Texas
• Florida
• Pennsylvania
• Ohio
• Georgia
• Virginia
• Illinois
• North Carolina
• Tennessee
• Louisiana
• Missouri
• New Jersey
• Washington
• Others

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• This study covers
• 1. Historical and the present size of the U.S.
  Bus Market
• 2. Historical and the present size of the market
  segments and understand their comparative future
  potential
• 3. Potential of on-demand logistics services, so
  the market players make informed decisions on the
  sales of their offerings
• 4. Competitive scenario of various market
  segments across key countries in several regions
  for uncovering market opportunities for the
  stakeholders
• Major players operating in the market and their
  service offerings
• More Latest Reports by PS Intelligence
• Electric Bus Market
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• Western Europe Heavy Ground Transportation
  Vehicles Market
• Central Europe Heavy Ground Transportation
  Vehicles Market

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