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Report
North America Bus Market Report and Forecast 2024-2032
Market Report I 2023-11-20 I 175 Pages I EMR Inc.
North America Bus Market Report and Forecast 2024-2032
Market Outlook
According to the report by Expert Market Research (EMR), the North America bus market is projected to grow at a CAGR of 2.60% between 2024 and 2032. Aided by improvements in the tourism industry and expansion of roadways network, the market is expected to grow significantly by 2032.
Buses are a critical component of North America's transportation infrastructure, serving as a primary mode of public transport across numerous cities and regions. They are designed for various uses, including city transit, long-distance travel, and special uses like school and airport service.
The recent push towards sustainable transport is acting as a major driver propelling the North America bus market growth. As cities aim to reduce emissions and congestion, they are increasingly turning towards buses, particularly electric and hybrid models, as an efficient, cost-effective solution. Additionally, with urban areas in North America expanding, there is a growing need for robust public transport systems to serve these areas.
One of the most significant North America bus market trends is the move towards electrification. Governments and transit agencies across the continent are investing in electric buses, drawn by their lower operating costs and reduced environmental impact. Further, the market is increasingly looking towards autonomous buses, which, while still in the experimental phase, offer the promise of improved efficiency and safety in the coming years.
In North America, there is strong regulatory support for cleaner modes of transport, including buses. Various incentives at the federal, state, and local levels, such as grants and tax credits, are available for the purchase of new, clean buses. This supportive regulatory environment is likely to further stimulate the bus market in North America.
As per the North America bus market analysis, the market can be segmented based on type into intercity buses, school buses, and public transit buses. Of these, public transit and school buses represent the most substantial portions of the market, driven by the daily needs of millions of commuters and students, respectively.
The North American bus market is characterised by the presence of several major players, including New Flyer Industries, Blue Bird Corporation, and Proterra Inc. These companies are engaging in various strategies, such as launching new products with advanced technologies, forming partnerships, and expanding production capacity to increase their North America bus market share.
Looking forward, the market is set to experience significant transformations. The continued push towards electrification, combined with emerging technologies like autonomous driving systems, will likely reshape the landscape of bus transportation in North America. In parallel, as urban areas continue to grow and the focus on sustainable transport solutions intensifies, demand for buses in North America is expected to remain strong.
Market Segmentation
The market can be divided based on fuel type, bus type, length, body type, and region.
Market Breakup by Fuel Type
- Diesel
- Electric / Hybrid
- CNG
- Fuel Cell
- Others
Market Breakup by Bus Type
- Intercity Bus
- Intracity Bus
Market Breakup by Length
- Up to 6 Meter
- 6 -8 Meter
- 8 - 10 Meter
- 12 Meter
- 18 Meter
Market Breakup by Body Type
- Fully Built
- Customisable Body
Market Breakup by Region
- United States
- Canada
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the North America bus market. Some of the major players explored in the report by Expert Market Research are as follows:
- Daimler Truck AG
- AB Volvo
- MAN SE
- Marcopolo S.A.
- Navistar, Inc.
- Proterra
- NFI Group
- Blue Bird Corporation
- Rev Group
- Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual 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 (2018-2023), By Value and Volume
8.3 North America Bus Market Forecast (2024-2032), 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 (2018-2023)
8.4.1.3 Forecast Trend (2024-2032)
8.4.2 Electric / Hybrid
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2023)
8.4.2.3 Forecast Trend (2024-2032)
8.4.3 CNG
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2023)
8.4.3.3 Forecast Trend (2024-2032)
8.4.4 Fuel Cell
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2018-2023)
8.4.4.3 Forecast Trend (2024-2032)
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 (2018-2023)
8.5.1.3 Forecast Trend (2024-2032)
8.5.2 Intracity Bus
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2023)
8.5.2.3 Forecast Trend (2024-2032)
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 (2018-2023)
8.6.1.3 Forecast Trend (2024-2032)
8.6.2 6 -8 Meter
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2023)
8.6.2.3 Forecast Trend (2024-2032)
8.6.3 8 - 10 Meter
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2023)
8.6.3.3 Forecast Trend (2024-2032)
8.6.4 12 Meter
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2023)
8.6.4.3 Forecast Trend (2024-2032)
8.6.5 18 Meter
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2018-2023)
8.6.5.3 Forecast Trend (2024-2032)
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 (2018-2023)
8.7.1.3 Forecast Trend (2024-2032)
8.7.2 Customisable Body
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2023)
8.7.2.3 Forecast Trend (2024-2032)
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 (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
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 2032
2. North America Bus Historical Market: Breakup by Fuel Type (USD Million), 2018-2023
3. North America Bus Market Forecast: Breakup by Fuel Type (USD Million), 2024-2032
4. North America Bus Historical Market: Breakup by Bus Type (USD Million), 2018-2023
5. North America Bus Market Forecast: Breakup by Bus Type (USD Million), 2024-2032
6. North America Bus Historical Market: Breakup by Length (USD Million), 2018-2023
7. North America Bus Market Forecast: Breakup by Length (USD Million), 2024-2032
8. North America Bus Historical Market: Breakup by Body Type (USD Million), 2018-2023
9. North America Bus Market Forecast: Breakup by Body Type (USD Million), 2024-2032
10. North America Mining Drill Bits Historical Market: Breakup by Country (USD Million), 2018-2023
11. North America Mining Drill Bits Market Forecast: Breakup by Country (USD Million), 2024-2032
12. North America Bus Market Structure
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