North America Bus Market

North America Bus Market Size, Share, Growth Analysis, By Type Outlook(Single Deck, Double Deck), By Fuel Type Outlook(Diesel, Electric and Hybrid, Other Fuel Type), By Seat Capacity Outlook(15-30 Seats, 31-50 Seats, More Than 50 Seats), By Application Outlook(Transit, School, Coach, Others), By Region/Country(North America, U.S., Canada) - Industry Forecast 2025-2032


Report ID: UCMIR20V2020 | Region: Regional | Published Date: Upcoming |
Pages: 165 | Tables: 55 | Figures: 60

North America Bus Market Insights

Market Overview:

The North American bus market had a value of USD 5.77 billion in 2022, and it is projected to experience a compound annual growth rate (CAGR) of 10.3% from 2023 to 2030. This growth is primarily attributed to the replacement of traditional diesel-powered transit buses with environmentally friendly alternatives such as battery-powered or hydrogen fuel cell buses. Additionally, the market is expected to benefit from the increasing popularity of electric buses for urban and school transportation, as well as the expanding utilization of buses in airports, government facilities, and luxury tourism. Furthermore, efforts to address environmental concerns, including reducing greenhouse gas emissions and pollution, are leading American and Canadian government organizations to adopt initiatives aimed at electrifying their public transport fleets by acquiring electric buses from manufacturers.

North America Bus Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.

Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.

The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Trucking by segment aggregation, the contribution of the Trucking in Transportation and vendor share.

To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.

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FAQs

The market for North America Bus was estimated to be valued at US$ XX Mn in 2021.

The North America Bus Market is estimated to grow at a CAGR of XX% by 2028.

The North America Bus Market is segmented on the basis of Type Outlook, Fuel Type Outlook, Seat Capacity Outlook, Application Outlook, Region/Country.

Based on region, the North America Bus Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.

The key players operating in the North America Bus Market are , AB Volvo , Anhui Ankai Automobile Co., Ltd. , Blue Bird Corporation , BYD Company Limited , Daimler AG (Mercedes-Benz Group AG ) , Iveco SpA , NAVISTAR (Traton Group) , NFI Group , Proterra Inc. , REV Group.

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North America Bus Market

Report ID: UCMIR20V2020

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