Standard Buses Category Is All Set To Dominate the U.S. Bus Market

According to a statement by P&S Intelligence, the U.S. bus market will propel at a 4.7% CAGR, to reach USD 11,237.7 million, by 2030. The growth of the industry is attributed to the mounting population and rapid urbanization, along with the rising government expenses on the advancement of public transport automobiles. Additionally, the accessibility of state, federal, and local fundings and the existence of numerous school buses boost the growth of the industry.

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In 2021, the school buses category accounted for the largest share of the industry, at approximately 55%, and it will remain the largest in the years to come. This is credited to the fact that these buses are the major mass transportation system in the nation. 

Based on body type, the standard buses category held a larger share in the industry, and it is expected to dominate the industry in the years to come, propelling at a higher CAGR. This is mainly ascribed to the high use of standard buses in schools and public transportation.

The government category will generate the largest U.S. bus market revenue, of approximately USD 9.0 billion, by the end of this decade. This is credited to the active government participation to deploy e-buses and the increasing transportation expenses by the government.

Based on seating capacity, the 30–50 seats category accounted for the largest revenue share in the U.S. bus industry, and it will witness the highest growth rate, of approximately 5.0%, in the years to come. This is ascribed to the fact that these buses burn less fuel, are economically efficient, and can transport more passengers. 

In 2021, the Californian bus industry held the largest revenue share, approximately 12%, in the country. This is mainly attributed to the high requirement for efficient systems of transportation by the massive population.

The U.S. bus industry players have been involved in partnerships, collaborations, product launches, contract wins, and geographical expansions, to advance their position in the industry.

Hence, with the rapid urbanization and increasing population, and the requirement for numerous school buses, the U.S. bus industry will continue to grow in the years to come.

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