The market for buses in North America reached 56.5 thousand unitsin2021. During the forecast period of between 2023 and 2028, the North America bus market size is expected to grow at a CAGR of 2.60% to reach around 65.96 thousand unitsby2027.
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A bus is a large motor vehicle that makes it easier for multiple people to travel together, following a predetermined route and schedule inside a city or to distant regions. One of the most extensively utilised modes of public transportation in the world, it decreases air pollution, uses less fuel to convey passengers, and requires little funding to establish new lines or routes.
Based on fuel type, the market is segmented into diesel, electric/hybrid, CNG, and fuel cell, among others. The market, based on bus type is bifurcated into intercity bus and intracity bus. On the basis of length, the bus market is divided into up to 6 meter, 6-8 meter, 8-10 meter, 12 meter, and 18 meter. Based on body type, the market can be categorised into fully built and customisable body. The major countries for the bus market in North America are the United States and Canada.
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The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the North America bus market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
The electric/hybrid segment is anticipated to increase at the highest CAGR during the forecast period. This is due to the fact that electric buses are becoming more prevalent in the United States and are steadily making up a larger percentage of public fleets. In addition, numerous public transportation organisations have contracts in place with suppliers of electric buses. The demand for electric/hybrid buses in the North America bus market is being driven by the increase in demand for non-polluting and fuel-efficient buses.
Additionally, the development of electric buses is being fuelled by government initiatives to meet zero emissions targets, strict regulations, and growing environmental concerns. The demand is also being driven by automakers' investments in the creation of hydrogen fuel cell-powered electric buses. Another factor that is anticipated to increase demand for electric/hybrid buses is the growing investment by battery manufacturers in the development of cost-effective and technologically advanced batteries.
During the forecast period, the intracity segment is anticipated to lead the North America bus market. The increase in people travelling to work, school, and universities is responsible for the need for intracity e-buses as well as the increased demand for public transportation. In North America, more people are opting for public transport for day-to-day travel and commute due to the rising costs of vehicles in countries such as the United States.
As more people express interest in public transport and buses for travel within cities, the number of bus routes and frequency of buses is likely to increase, supporting the growth of the market for buses. it is anticipated that the intercity segment will grow significantly in terms of revenue. The growing awareness among nations to lower carbon emission levels and tight emission restrictions by governments are encouraging the adoption of e-buses, driving the segment's expansion.
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Daimler Truck AG, with its headquarters in Germany, is one of the biggest automakers in the world, producing a number of well-known brands of automobiles, trucks, and buses. The business creates and produces buses and commercial trucks.
AB Volvo, headquartered in Sweden is a commercial vehicle company that was established in 1927. The firm manufactures construction equipment, engines, buses, trucks, and other vehicles in addition to offering financial services. Under the Volvo, Renault Trucks, Mack Trucks, and UD brands, the firm produces a variety of medium-heavy to heavy trucks for local transportation, long-distance transportation, and construction operations.
MAN SE, a subsidiary of Traton SE, is a commercial vehicle manufacturer and marketer based in Germany. Since its founding in 1898, the business has designed, developed, manufactured, and sold a variety of products, including diesel and gas engines, trucks, buses, and unique gear systems, among others.
Other market players include Marcopolo S.A., Navistar, Inc., Proterra, NFI Group, Blue Bird Corporation, and Rev Group, among others.
|Scope of the Report||
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|Breakup by Fuel Type||
|Breakup by Bus Type||
|Breakup by Length||
|Breakup by Body Type||
|Breakup by Region||
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 North America Bus Market Analysis
8.1 Key Industry Highlights
8.2 North America Bus Historical Market (2018-2022), By Value and Volume
8.3 North America Bus Market Forecast (2023-2028), By Value and Volume
8.4 North America Bus Market by Fuel Type
220.127.116.11 Market Share
18.104.22.168 Historical Trend (2018-2022)
22.214.171.124 Forecast Trend (2023-2028)
8.4.2 Electric / Hybrid
126.96.36.199 Market Share
188.8.131.52 Historical Trend (2018-2022)
184.108.40.206 Forecast Trend (2023-2028)
220.127.116.11 Market Share
18.104.22.168 Historical Trend (2018-2022)
22.214.171.124 Forecast Trend (2023-2028)
8.4.4 Fuel Cell
126.96.36.199 Market Share
188.8.131.52 Historical Trend (2018-2022)
184.108.40.206 Forecast Trend (2023-2028)
8.5 North America Bus Market by Bus Type
8.5.1 Intercity Bus
220.127.116.11 Market Share
18.104.22.168 Historical Trend (2018-2022)
22.214.171.124 Forecast Trend (2023-2028)
8.5.2 Intracity Bus
126.96.36.199 Market Share
188.8.131.52 Historical Trend (2018-2022)
184.108.40.206 Forecast Trend (2023-2028)
8.6 North America Bus Market by Length
8.6.1 Up to 6 Meter
220.127.116.11 Market Share
18.104.22.168 Historical Trend (2018-2022)
22.214.171.124 Forecast Trend (2023-2028)
8.6.2 6 -8 Meter
126.96.36.199 Market Share
188.8.131.52 Historical Trend (2018-2022)
184.108.40.206 Forecast Trend (2023-2028)
8.6.3 8 – 10 Meter
220.127.116.11 Market Share
18.104.22.168 Historical Trend (2018-2022)
22.214.171.124 Forecast Trend (2023-2028)
8.6.4 12 Meter
126.96.36.199 Market Share
188.8.131.52 Historical Trend (2018-2022)
184.108.40.206 Forecast Trend (2023-2028)
8.6.5 18 Meter
220.127.116.11 Market Share
18.104.22.168 Historical Trend (2018-2022)
22.214.171.124 Forecast Trend (2023-2028)
8.7 North America Bus Market by Body Type
8.7.1 Fully Built
126.96.36.199 Market Share
188.8.131.52 Historical Trend (2018-2022)
184.108.40.206 Forecast Trend (2023-2028)
8.7.2 Customisable Body
220.127.116.11 Market Share
18.104.22.168 Historical Trend (2018-2022)
22.214.171.124 Forecast Trend (2023-2028)
8.8 North America Bus Market by Region
8.8.1 Market Share
126.96.36.199 United States
9 Regional Analysis
9.1 United States
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Market Dynamics
10.1 SWOT Analysis
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Competitive Landscape
11.1 Market Structure
11.2 Company Profiles
11.2.1 Daimler Truck AG
188.8.131.52 Company Overview
184.108.40.206 Product Portfolio
220.127.116.11 Demographic Reach and Achievements
11.2.2 AB Volvo
18.104.22.168 Company Overview
22.214.171.124 Product Portfolio
126.96.36.199 Demographic Reach and Achievements
11.2.3 MAN SE
188.8.131.52 Company Overview
184.108.40.206 Product Portfolio
220.127.116.11 Demographic Reach and Achievements
11.2.4 Marcopolo S.A.
18.104.22.168 Company Overview
22.214.171.124 Product Portfolio
126.96.36.199 Demographic Reach and Achievements
11.2.5 Navistar, Inc.
188.8.131.52 Company Overview
184.108.40.206 Product Portfolio
220.127.116.11 Demographic Reach and Achievements
18.104.22.168 Company Overview
22.214.171.124 Product Portfolio
126.96.36.199 Demographic Reach and Achievements
11.2.7 NFI Group
188.8.131.52 Company Overview
184.108.40.206 Product Portfolio
220.127.116.11 Demographic Reach and Achievements
11.2.8 Blue Bird Corporation
18.104.22.168 Company Overview
22.214.171.124 Product Portfolio
126.96.36.199 Demographic Reach and Achievements
11.2.9 Rev Group
188.8.131.52 Company Overview
184.108.40.206 Product Portfolio
220.127.116.11 Demographic Reach and Achievements
12 Key Trends and Developments in the Market
List of Key Figures and Tables
1. North America Bus Market: Key Industry Highlights, 2018 and 2028
2. North America Bus Historical Market: Breakup by Fuel Type (USD Million), 2018-2022
3. North America Bus Market Forecast: Breakup by Fuel Type (USD Million), 2023-2028
4. North America Bus Historical Market: Breakup by Bus Type (USD Million), 2018-2022
5. North America Bus Market Forecast: Breakup by Bus Type (USD Million), 2023-2028
6. North America Bus Historical Market: Breakup by Length (USD Million), 2018-2022
7. North America Bus Market Forecast: Breakup by Length (USD Million), 2023-2028
8. North America Bus Historical Market: Breakup by Body Type (USD Million), 2018-2022
9. North America Bus Market Forecast: Breakup by Body Type (USD Million), 2023-2028
10. North America Mining Drill Bits Historical Market: Breakup by Country (USD Million), 2018-2022
11. North America Mining Drill Bits Market Forecast: Breakup by Country (USD Million), 2023-2028
12. North America Bus Market Structure
In 2021, the bus market size in North America was estimated to be 56.5 thousand units.
The market is projected to grow at a CAGR of 2.60% between 2023 and 2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028, reaching 65.96 thousand unitsby 2027.
The major drivers of the North America bus market include the improving public transportation sector, increasing costs of individual vehicle ownership, and rising demand for public transport from an increasing number of people commuting to workplaces, schools, and universities.
The developments and investments in road transportation, growing trend of electric buses, rising automation in the transportation industry, and expansion of road networks are the key industry trends propelling the growth of the market.
The major players in the industry are Daimler Truck AG, AB Volvo, MAN SE, Marcopolo S.A., Navistar, Inc., Proterra, NFI Group, Blue Bird Corporation, and Rev Group, among others.
The various buses based on fuel type are diesel, electric/hybrid, CNG, and fuel cell, among others.
The primary types of bus in the market are intercity bus and intracity bus.
On the basis of length, the bus market is divided into up to 6 meter, 6-8 meter, 8-10 meter, 12 meter, and 18 meter.
The market on the basis of body type can be divided into fully built and customisable body.
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