IMARC Group has published a market research report titled “United States Bus Market Report by Type (Single Deck, Double Deck), Fuel Type (Diesel, Electric and Hybrid, and Others), Seat Capacity (15-30 Seats, 31-50 Seats, More Than 50 Seats), Application (Transit Bus, Intercity/Coaches, and Others), and Region 2024-2032“, United States bus market size is projected to exhibit a growth rate (CAGR) of 5.20% during 2024-2032.
Expanding urbanization as well as a heightened focus on sustainable public transportation solutions are the factors responsible for the growth of the United States bus market. Additionally, as cities expand and traffic congestion worsens, there is a growing demand for efficient and eco-friendly mass transit systems. Electric buses are at the forefront of this transformation, as municipalities and transit authorities strive to reduce carbon emissions and improve air quality. Moreover, advances in battery technology and significant investments in charging infrastructure are making electric buses more viable and attractive. Federal and state incentives, such as grants and tax credits, are encouraging the adoption of electric buses, thereby accelerating the shift away from traditional diesel-powered buses.
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United States Bus Market Trends and Drivers:
Technological advancements and evolving consumer preferences are also key drivers in the United States bus market. In addition to this, the integration of smart technologies, like real-time tracking, automated fare collection, and enhanced passenger information systems, is enhancing the overall public transportation experience. These innovations improve operational efficiency and attract more commuters to use bus services, which is acting as another growth-inducing factor. Furthermore, the rise of on-demand and flexible bus services, enabled by mobile apps as well as digital platforms, is meeting the changing needs of modern commuters who seek convenience and reliability. School districts, public transit agencies, and private operators are increasingly investing in modern bus fleets that offer better safety, comfort, and accessibility features, which is anticipated to drive the United States bus market over the forecasted period.
Leading Companies Operating in the United States Bus Industry:
- AB Volvo
- Blue Bird Corporation
- BYD Co. Ltd.
- Gillig LLC
- GreenPower Motor Company Inc.
- NFI Group Inc.
- The Lion Electric Company
Report Segmentation:
The report has segmented the market into the following categories:
Type Insights:
- Single Deck
- Double Deck
Fuel Type Insights:
- Diesel
- Electric and Hybrid
- Others
Seat Capacity Insights:
- 15-30 Seats
- 31-50 Seats
- More than 50 Seats
Application Insights:
- Transit Bus
- Intercity/Coaches
- Others
Regional Insights:
- Northeast
- Midwest
- South
- West
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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