Introduction
In North America, school buses are purpose-built vehicles distinguished from other types of buses by design characteristics mandated by federal and state/province regulations.
School buses are generally built with high crash standards, protective seating, rollover protection, large windows for increased visibility, and other features such as distinct paint color (in some regions), flashing lights.
The advantage of school buses over other modes of transport is also one of the reasons that will help the growth of the market.
The fall in the demand for cranes during the Covid-19 crisis is likely to impact the cranes market in the projected time frame.
The district of California has been at the forefront in adoption of electric school buses. The first all-electric school bus took to the roads back in 2014. This bus featured an electric powertrain derived from Motiv power systems.
Table of Contents
Market Overview
The North America School Bus Market is expected to grow to $5.18 billion by 2025 at a CAGR of 5%.
North America School Bus Market has delivered record performance, with revenues up by 11.1% and a profit increase of 21.4% to $157.0 million.
In the major North American countries, school transport is very organized and has been in existence for many decades.
The increasing adoption of electric vehicles in the commercial vehicle segment has influenced the school bus segment, which is expected to drive the North American school bus market during the forecast period.
Key Trends
Replacing all the school buses of only America itself with electric buses could avoid an average of 5.3 million tons of greenhouse gas emissions each year.
School bus manufacturers are now focusing on connected buses that will include passenger management system that shares vehicle and passenger information regarding maintenance and safety.
Key Market Players
The global crane market is dominated by global vendors like Blue Bird Corporation, IC Bus, Thomas Built Buses, Collins Bus Corporation, Micro Bird, and Lion Electric company
Growth Drivers and Challenges
It is estimated that a school bus replaces around 36 cars on the road in developed nations like the United States. This will drive the School bus market in North America.
New business growth from winning contracts in school bus bidding season and through new transit and shuttle contracts
Diesel exhaust has negative effects on the environment and children’s health, but districts are often slow to replace older buses and make technological upgrades that could mitigate harm
School buses typically have access to less and lower-quality data than other transit sectors, reducing their ability to provide service that is efficient and responsive.
States and districts should invest in the tools and technology needed to make informed decisions about school transportation systems.
In the major North American countries, school transport is very organized and has been in existence for many decades. Hence, demand has been stable for the past few years and is expected to be similar over the forecast period