Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the School Bus Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
What Is the Projected Market Size of the School Bus Industry in 2024 and 2025?
The school bus market has seen substantial growth in recent years, expanding from a size of $18.29 billion in 2024 to $19.31 billion in 2025. This represents a compound annual growth rate (CAGR) of 5.6%.
What Is the Projected Market Size of the School Bus Market in 2029?
The projected market size for the School Bus Global Market Report 2025 in 2029 is forecasted to reach $23.5 billion, with a compound annual growth rate (CAGR) of 5.0%.
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What Are the Key Drivers of School Bus Market Growth?
The key drivers in the school bus market are:
• Rising environmental consciousness leading to increased demand for electric school buses
• Urbanization surge stimulating the growth for both electric and hybrid school buses
• Growing demand for propane-fueled school buses
• Innovations in vehicle design and integration of advanced technologies in the educational system.
What Are the Primary Segmentation Categories in the School Bus Market?
The school bus market covered in this report is segmented –
1) By Type: Diesel Fuel, Alternative Fuel, Hybrid-Electric, Battery-Powered
2) By Capacity Design Type: Type A, Type B, Type C, Type D
3) By Application: Education, Law Enforcement, Community Outreach
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What Are the Major Trends Shaping the School Bus Market in 2025 and Beyond?
The key trends in the school bus market are:
• There is a growing environmental awareness leading to increasing demand for electric and hybrid school buses.
• Innovations in vehicle design are emerging as a significant trend.
• The integration of technology into education systems is shaping the future of the market.
• The growth of the market is also influenced by infrastructure development and the adoption of advanced technologies.
Who Are the Emerging Players in the School Bus Market?
Major players in the school bus market are:
• Toyota Motor Corporation
• Mercedes Benz Group AG
• Ford Motor Co.
• Daimler Truck AG
• AB Volvo
• Traton SE
• Tata Motors Ltd.
• Mahindra and Mahindra Ltd.
• Navistar Inc.
• Ashok Leyland Ltd.
• Yutong Bus Co. Ltd.
• Eicher Motors Ltd.
• Blue Bird Corporation
• Thomas Built Buses
• SML Isuzu Ltd.
• The Lion Electric Co.
• Collins Bus Corporation
• IC Bus
• GreenPower Motor Co. Inc.
• Van Con Inc.
• JCBL Limited
• Starcraft Corp.
• Superior Coach Corp.
• Endera Motors
• Trans Tech Bus Inc.
Which Regions Are Leading the Growth in the Global School Bus Market?
North America was the largest region in the school bus market in 2024
