United States Bus Market

Market Overview:

United States bus market size is projected to exhibit a growth rate (CAGR) of 5.20% during 2024-2032. The increasing popularity of sustainable and eco-friendly transportation solutions, along with the growing focus on passenger comfort, is primarily driving the market growth.

A bus is a mode of transportation intended for conveying people, goods, or data from one location to another. Available in diverse sizes and configurations such as city buses, double-deckers, minibuses, and articulated buses, each is tailored to cater to distinct passenger capacities and cargo requirements. Incorporating advanced technologies like global positioning system (GPS) navigation, hybrid or electric propulsion systems, and passenger connectivity options, buses prioritize safety, efficiency, and an enhanced passenger experience. Their role extends to mitigating traffic congestion, thereby reducing the time individuals spend in traffic and alleviating the corresponding adverse environmental effects.

United States Bus Market Trends:

The United States bus market is a diverse and dynamic sector encompassing various types of vehicles designed to transport people and goods efficiently across different terrains. This market includes city buses, double-deckers, minibuses, and articulated buses, each tailored to meet specific passenger capacities and cargo demands. Additionally, in the United States, buses are not merely utilitarian vehicles; they are integrated with cutting-edge technologies to enhance safety, efficiency, and the overall passenger experience, thereby acting as another significant growth-inducing factor. Besides this, features like global positioning system (GPS) navigation, hybrid or electric propulsion systems, and connectivity options contribute to the modernization of the bus fleet, which is positively influencing the regional market. Moreover, one significant role of buses in the U.S. is their contribution to alleviating traffic congestion, offering a practical solution to reduce commuting times and associated environmental impacts. Apart from this, as cities focus on sustainable and efficient public transportation systems, the demand for advanced buses equipped with eco-friendly technologies is on the rise. The United States bus market is poised for continued growth that will reflect a commitment to innovative transportation solutions that address both the mobility needs of the population and the broader environmental challenges associated with urban transit in the coming years.

United States Bus Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on type, fuel type, seat capacity, and application.

Type Insights:

• Single Deck
• Double Deck
   

The report has provided a detailed breakup and analysis of the market based on the type. This includes single deck and double deck.

Fuel Type Insights:

• Diesel
• Electric and Hybrid
• Others
   

A detailed breakup and analysis of the market based on the fuel type have also been provided in the report. This includes diesel, electric and hybrid, and others.

Seat Capacity Insights:

• 15-30 Seats
• 31-50 Seats
• More than 50 Seats
   

The report has provided a detailed breakup and analysis of the market based on the seat capacity. This includes 15-30 seats, 31-50 seats, and more than 50 seats.

Application Insights:

• Transit Bus
• Intercity/Coaches
• Others
   

A detailed breakup and analysis of the market based on the application have also been provided in the report. This includes transit bus, intercity/coaches, and others.

Regional Insights:

• Northeast
• Midwest
• South
• West
   

The report has also provided a comprehensive analysis of all the major regional markets, which include Northeast, Midwest, South, and West.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the key players include:

• AB Volvo
• Blue Bird Corporation
• BYD Co. Ltd.
• Gillig LLC
• GreenPower Motor Company Inc.
• NFI Group Inc.
• The Lion Electric Company

(Please note that this is only a partial list of the key players, and the complete list is provided in the report.)

United States Bus Market Report Coverage:

Key Questions Answered in This Report:

• How has the United States bus market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the United States bus market?
• What is the breakup of the United States bus market on the basis of type?
• What is the breakup of the United States bus market on the basis of fuel type?
• What is the breakup of the United States bus market on the basis of seat capacity?
• What is the breakup of the United States bus market on the basis of application?
• What are the various stages in the value chain of the United States bus market? 
• What are the key driving factors and challenges in the United States bus?
• What is the structure of the United States bus market and who are the key players?
• What is the degree of competition in the United States bus market? 

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the United States bus market from 2018-2032.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the United States bus market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the United States bus industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.