School Bus Market Analysis 2021-2025: 46% of Growth Rate will Originate from North America

The school bus market share is expected to grow by USD 848.47 million, accelerating at a CAGR of 3.68% during the forecast period. Technavio’s research reports offer a detailed analysis of the market segments, delving deep into the factors that will lead to the growth of each segment. It also offers insights that are likely to have a negative impact on market growth. This comprehensive analysis of the market will enable clients to identify areas of growth and steer clear of the low-performing segments. Unlock Free Sample Analysis Report

School Bus Market: Market Segments and Growth Forecasts

The school bus market report will provide insights into the current market share of each segment along with growth projections for the next five years.

• The school bus market is segmented by Powertrain (ICE-powered and electric) and Geography (North America, APAC, Europe, MEA, and South America).
• The school bus market value in the electric segment will be significant during the forecast period. The growth of the segment is attributed to the increasing need for environment-friendly vehicles.
• The presence of several large school bus manufacturers will increase the school bus market growth in North America. 46% of the market's growth will originate from North America during the forecast period. The US and Canada are the key markets for school buses in North America. 
• The school bus market report provides an accurate prediction of the contribution of all the geographic segments to the growth of the school bus market size.

School Bus Market: Trends, Drivers, Challenges

• An increase in the number of school enrollments will be a significant factor in driving the growth of the School Bus Market.
• Growing interest toward electric vehicles will be instrumental in driving the market growth during the forecast period.
• Technological advancements are the major school bus market trends that will have a positive impact on the market growth.
• The adoption of new or improvised emission standards is a hurdle that needs to be crossed on the path to success.

School Bus Market: Vendor Analysis

The market is fragmented due to the presence of several players. Some of the major school bus market vendors are:

• Ashok Leyland Ltd.
• Blue Bird Corp.
• Daimler AG
• Ford Motor Co.
• Forest River Inc.
• JCBL Ltd.
• Mahindra & Mahindra Ltd.
• Navistar International Corp.
• REV Group Inc.
• Tata Motors Ltd.

Download the Free PDF Sample Report Technavio's custom reports provide market insights at the global and regional level along with pipeline analysis of new product launches. It also provides a peek into the latest R&D along with impact analysis of government regulations.

The report provides insights into the following FAQs:

1. What is the market CAGR?
   The market is accelerating at a CAGR of 3.68%.
    
2. What is the incremental growth of the market?
   The market is expected to grow by USD 848.47 million.
    
3. What is a key factor driving this market?
   An increase in the number of school enrollments will drive market growth over the forecast period.
    
4. What are the key regions covered in this market research report?
   North America, APAC, Europe, MEA, and South America are the key regions featured in this research report.
    
5. Which is the leading geographic region for this market?
   46% growth will originate from North America.
    
6. Who are the leading market vendors?
   The leading vendors in this market are Ashok Leyland Ltd., Blue Bird Corp., Daimler AG, Ford Motor Co., Forest River Inc., JCBL Ltd., Mahindra & Mahindra Ltd., Navistar International Corp., REV Group Inc., and Tata Motors Ltd.
    
7. What are the market segments covered in this report?
   The market is segmented by Powertrain (ICE-powered and electric) and Geography (North America, APAC, Europe, MEA, and South America).