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Mid-sized School Buses Market Trends

Report ID: GMI9316
Published Date: Apr 2024
Report Format: PDF

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Mid-sized School Buses Market Trends

Mid-sized school buses are part of the automobile industry's adoption of electric and hybrid technology. For school districts updating their fleets, electric and hybrid buses become increasingly appealing due to their lower emissions, longer-term cost savings, and quieter operation. For instance, in 2023, the EPA announced a grant of USD 280,000 to USD 500,000 for large electric school buses under the School Bus Sub Program.

Manufacturers are incorporating modern safety technologies including blind-spot detection, lane departure warning systems, and collision avoidance systems into mid-sized buses. These innovations improve student and driver safety by reducing the chance of collisions. Moreover, mid-sized school buses are increasingly being integrated with connectivity amenities such as onboard entertainment systems and Wi-Fi hotspots. These facilities enable the delivery of instructional content and keep students interested during their commute.

Authors: Preeti Wadhwani, Aishwarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of mid-sized school buses reached USD 1.8 billion in 2023 and is set to witness 7% CAGR from 2024 to 2032, owing to the growing number of students across developing regions worldwide.

The diesel segment is expected to record over 80% share by 2032, due to being an established technology that has been utilized in the transportation sector for many years.

North America market was valued at USD 717.9 million in 2023, attributed to increasing requirement for specialized transportation services for students with disabilities in the region.

Trans Tech, Lion Electric Company, Girardin Minibus, Motiv Power Systems, Proterra, Navistario, Titan Bus, Forest River, Startrans, Carpenter Body Works, Wayne Wheeled Vehicles, C.E. White Co., and Corbeil, are some of the major mid-sized school buses companies worldwide.