School Bus Market 2019 - Industry Demand, Future Trends, Size and Share, Cost Estimation by 2023 with Top Players by Global Forecast to 2023

Posted August 26, 2019 by sarahbennu

Global school bus market size is forecast to grow by 10,504 units during 2019-2023 at a CAGR of 2%, with ICE-powered segment having the largest market share.
Global school bus market projects the market to grow at a CAGR of more than 2% during the period 2019-2023. This research report provides an in-depth analysis of the market in terms of revenue, top drivers and emerging market trends. It also includes detailed insights and forecasts for all the market segments across different geographies.

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Increase in number of school enrolments

The increasing global population, especially in countries such as China and India, has led to a rise in the number of children enrolling in schools. This is resulting in the increased demand for a large number of schools and adequate infrastructure about the education industry, which includes transportation and other amenities. Thus, the growing number of school enrolments will increase the demand for school buses, which will fuel the market growth during the forecast period.

Technological innovations

To ensure the effectivity of school buses, vendors in the market are increasingly focusing on bringing new technologies. For instance, the market recently witnessed the introduction of passenger management systems which helps in monitoring both the school children and the vehicle. Vendors have also launched technological platforms that provide vehicle diagnostics on a real-time basis which enhances the reliability of the vehicle. The introduction of such innovations is likely to create a positive impact on the global school bus market during the forecast period.

Lack of adequate charging infrastructure

Over the last decade, the concept of electric vehicles has spread its applications from only passenger vehicles and two-wheelers to various other segments such as light and heavy commercial vehicles. However, there is no adequate charging infrastructure in many potential markets, which is acting as a hindrance for the growth of the electric bus market. Thus, the focus toward building charging infrastructure is needed to make public and private enterprises adopt electric vehicles. It is expected that the initiatives and measures by governments to improve charging infrastructure will increase in the years to come, which will positively impact the market growth.

Top players in the global school bus market:

• Ashok Leyland Ltd.
• Blue Bird Corp.
• Daimler AG
• REV Group Inc.
• Tata Motors Ltd.

Some of the key topics covered in the global school bus market include:
Market Landscape
• Market ecosystem
• Market characteristics
• Market segmentation analysis

Market Sizing
• Market definition
• Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation
• Regional comparison
• Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape
• Vendors covered
• Vendor classification
• Market positioning of vendors
• Competitive scenario
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Issued By sarahbennu
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Categories Business , Manufacturing , Transportation
Tags global school bus market , school bus market , school bus market analysis 2019 , school bus market growth , school bus market industry analysis , school bus market share , school bus market size , school bus market trend
Last Updated August 26, 2019