School And Employee Bus Services Global Market To Reach Value Of About $40 Billion In 2025

The school and employee bus services market consists of sales of school and employee bus services and related goods by entities (organizations, sole traders and partnerships) that provide buses and other motor vehicles to transport pupils to and from school or employees to and from work. The school and employee bus services market is segmented into students bus services and employee bus services.

Global School And Employee Bus Services Market Size And Drivers:

The global school and employee bus services market is expected to grow from $24.88 billion in 2020 to $29.53 billion in 2021 at a compound annual growth rate (CAGR) of 18.7%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $39.98 billion in 2025 at a CAGR of 8%. School and employee bus service market is increasing with the increase in the enhanced safety features in the buses.

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Trends In The Global School And Employee Bus Services Market

The industry has begun using an in-wheel alcohol detection system against drunk driving. This technology consists of sensors which are placed into steering wheel and helps to detect the driver’s skin oil and locks the bus before going on road in case of alcohol detection. This enables to prevent unsafe and careless driving. These advanced technologies equipped in buses are drastically improving the school and employee bus service market.

Global School And Employee Bus Services Market Segments:
The global school and employee bus services market is further segmented based on type and geography.
By Type: Students Bus Services, Employee Bus Services
By Geography: The global school and employee bus services market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Western Europe is the largest region in the global school and employee bus services market, accounting for 40% of the market in 2020.

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School And Employee Bus Services Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides school and employee bus services market overviews, analyzes and forecasts market size and growth for the global school and employee bus services market, school and employee bus services market share, school and employee bus services market players, school and employee bus services market segments and geographies, school and employee bus services market’s leading competitors’ revenues, profiles and market shares. The school and employee bus services market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.