How big is the school bus industry?
Market Overview The school bus market was valued at USD 3.71 billion in 2020, and it is expected to reach a value of USD 5.44 billion by 2026, registering a CAGR of around 6.59% during the forecast period.
How many school busses are sold each year?
As we report on pg. 34, school bus sales in the U.S. and Canada have grown for six years in a row. The 2017 total, 44,389 school buses sold, was up 8.5% from 2016. The 2017 total also surpassed the projection that we printed in this space a year ago, which was an estimated 42,100 units to be sold in 2017.
How many school buses are in America?
The U.S.’s approximately 500,000 school buses comprise the country’s largest public transportation network, moving 26 million children between school and home every day.
How much is the bus industry worth?
Bus Market was valued at US$41.036 billion in 2019.
What is the largest school bus?
The Model 743DT-16 was introduced, expanding from 13 to 16 rows of seating by extending the body to 41 feet long, requiring tandem rear axles. Offering a seating capacity of 97 student passengers, the DT-16 was the largest school bus ever mass-produced.
Are school bus companies profitable?
Private contractors hire local residents and existing local district school bus drivers, who pay taxes and often have children attending local schools. Contractors make a profit through economies of scale, opportunity costs and operational efficiencies, while still operating less expensively than a district operation.
What is the biggest bus in the world?
The Neoplan Jumbocruiser was an articulated double-deck multi-axle city coach built by Neoplan Bus GmbH between 1975 and 1992. At 18 metres (59 ft) in length, 2.5 m (8 ft 2 in) wide and 4 m (13 ft) in height, it is in the Guinness World Records as the world’s largest bus with a capacity for 170 passengers.
How do school busses make money?
School-bus companies make their money through contracts, which means their income tends to be all or nothing. Even in places where in-person school is happening, some of the extra payouts that bus companies depend on — like after-school or summer service — have gotten the ax.
What is the forecast period of the North America school bus market?
The North America school bus market was valued at USD 1.5 billion in 2020, and it is expected to reach USD 2.7 billion by 2026, registering a CAGR of over 4% during the forecast period (2021 – 2026). The outbreak of the COVID-19 pandemic has disrupted schools, businesses, and transportation across North America.
What will be the school bus market valuation by 2026?
The school bus market was valued at USD 3.71 billion in 2020, and it is expected to reach a value of USD 5.44 billion by 2026, registering a CAGR of around 6.59% during the forecast period.
How is the school bus market segmented?
The school bus report covers segmentation based on power-train type, capacity design type, and geography. By power-train type, the market is segmented into IC engine and electric and hybrid.
How many school buses are sold in the US each year?
The number of new school buses in the country has been increasing since 2012 (post-recession), and in 2019, the sales amounted to 40,714, which is very high as compared to other countries in the region like Canada, where sales were registered as 4,607 in 2019.