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North America Bus Market Share, Size, Trends, Growth: By Fuel Type: Diesel, Electric / Hybrid, CNG, Fuel Cell, Others; By Bus Type: Intercity Bus, Intracity Bus; By Length: Up to 6 Meter, 6 -8 Meter, 8 – 10 Meter, 12 Meter, 18 Meter; By Body Type; Regional Analysis; Competitive Landscape; Key Trends and Developments in the Market; 2023-2028

North America Bus Market Outlook

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.

 

Key Trends in the Market

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.

 

  • The growth and investments made in the transportation sector by major nations like the United States and Canada have a significant impact on the North America bus market. The accessibility of buses for intercity travel by passengers is growing due to the improvements in the public transportation sector and the expansion of the roadways network throughout these countries.
  • The expansion of the market is further aided by improvements in the tourism industry. During the projected period, it is anticipated that developments in the tourism industry will boost intercity bus passenger traffic and bus income.
  • In addition, it is anticipated that an increase in the usage of electric buses for long-distance intercity travel will likely propel the North America bus market growth. As a result of the increased environmental pollution produced by travel and transportation, numerous governments and service providers have begun to offer electric bus services in an effort to combat the issue. This has benefited the market for buses.
  • Concessionary bus passes, increased automation in the transportation sector, expanding urbanisation, and increased use of big data to optimise routes, vehicle dispatch, and scheduling are some of the other factors that are aiding market expansion.

 

North America Bus Market Analysis

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.

 

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.  

 

  • Daimler Truck AG
  • AB Volvo
  • MAN SE
  • Marcopolo S.A.
  • Navistar, Inc.
  • Proterra
  • NFI Group
  • Blue Bird Corporation
  • Rev Group
  • Others

 

Market Share by Fuel Type

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.

 

Market Share by Bus Type

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.

 

Competitive Landscape

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.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Fuel Type
  • Bus Type
  • Length
  • Body Type
  • Region
Breakup by Fuel Type
  • Diesel
  • Electric / Hybrid
  • CNG
  • Fuel Cell
  • Others
Breakup by Bus Type
  • Intercity Bus
  • Intracity Bus
Breakup by Length
  • Up to 6 Meter
  • 6 -8 Meter
  • 8 – 10 Meter
  • 12 Meter
  • 18 Meter
Breakup by Body Type
  • Fully Built
  • Customisable Body
Breakup by Region
  • United States
  • Canada
Market Dynamics
  • SWOT
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Daimler Truck AG
  • AB Volvo
  • MAN SE
  • Marcopolo S.A.
  • Navistar, Inc.
  • Proterra
  • NFI Group
  • Blue Bird Corporation
  • Rev Group
  • Others

 

*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.

1    Preface
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

    5.1    Overview
    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
        8.4.1    Diesel
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2018-2022)
            8.4.1.3    Forecast Trend (2023-2028)
        8.4.2    Electric / Hybrid
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2022)
            8.4.2.3    Forecast Trend (2023-2028)
        8.4.3    CNG
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2018-2022)
            8.4.3.3    Forecast Trend (2023-2028)
        8.4.4    Fuel Cell
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2018-2022)
            8.4.4.3    Forecast Trend (2023-2028)
        8.4.5    Others
    8.5    North America Bus Market by Bus Type
        8.5.1    Intercity Bus
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2018-2022)
            8.5.1.3    Forecast Trend (2023-2028)
        8.5.2    Intracity Bus
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2022)
            8.5.2.3    Forecast Trend (2023-2028)
    8.6    North America Bus Market by Length
        8.6.1    Up to 6 Meter
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2018-2022)
            8.6.1.3    Forecast Trend (2023-2028)
        8.6.2    6 -8 Meter
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2018-2022)
            8.6.2.3    Forecast Trend (2023-2028)
        8.6.3    8 – 10 Meter
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2018-2022)
            8.6.3.3    Forecast Trend (2023-2028)
        8.6.4    12 Meter
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2018-2022)
            8.6.4.3    Forecast Trend (2023-2028)
        8.6.5    18 Meter
            8.6.5.1    Market Share
            8.6.5.2    Historical Trend (2018-2022)
            8.6.5.3    Forecast Trend (2023-2028)
    8.7    North America Bus Market by Body Type
        8.7.1    Fully Built
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2018-2022)
            8.7.1.3    Forecast Trend (2023-2028)
        8.7.2    Customisable Body
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2018-2022)
            8.7.2.3    Forecast Trend (2023-2028)
    8.8    North America Bus Market by Region
        8.8.1    Market Share
            8.8.1.1    United States
            8.8.1.2    Canada
9    Regional Analysis
    9.1    United States 
        9.1.1    Historical Trend (2018-2022) 
        9.1.2    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Historical Trend (2018-2022) 
        9.2.2    Forecast Trend (2023-2028)
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    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
            11.2.1.1    Company Overview
            11.2.1.2    Product Portfolio
            11.2.1.3    Demographic Reach and Achievements
            11.2.1.4    Certifications
        11.2.2    AB Volvo
            11.2.2.1    Company Overview
            11.2.2.2    Product Portfolio
            11.2.2.3    Demographic Reach and Achievements
            11.2.2.4    Certifications
        11.2.3    MAN SE
            11.2.3.1    Company Overview
            11.2.3.2    Product Portfolio
            11.2.3.3    Demographic Reach and Achievements
            11.2.3.4    Certifications
        11.2.4    Marcopolo S.A.
            11.2.4.1    Company Overview
            11.2.4.2    Product Portfolio
            11.2.4.3    Demographic Reach and Achievements
            11.2.4.4    Certifications
        11.2.5    Navistar, Inc.
            11.2.5.1    Company Overview
            11.2.5.2    Product Portfolio
            11.2.5.3    Demographic Reach and Achievements
            11.2.5.4    Certifications
        11.2.6    Proterra
            11.2.6.1    Company Overview
            11.2.6.2    Product Portfolio
            11.2.6.3    Demographic Reach and Achievements
            11.2.6.4    Certifications
        11.2.7    NFI Group
            11.2.7.1    Company Overview
            11.2.7.2    Product Portfolio
            11.2.7.3    Demographic Reach and Achievements
            11.2.7.4    Certifications
        11.2.8    Blue Bird Corporation
            11.2.8.1    Company Overview
            11.2.8.2    Product Portfolio
            11.2.8.3    Demographic Reach and Achievements
            11.2.8.4    Certifications
        11.2.9    Rev Group
            11.2.9.1    Company Overview
            11.2.9.2    Product Portfolio
            11.2.9.3    Demographic Reach and Achievements
            11.2.9.4    Certifications
        11.2.10    Others
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

Key Questions Answered in the Report

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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