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School Bus Market Share

Report ID: GMI9335
Published Date: May 2024
Report Format: PDF

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School Bus Market Share

Blue Bird Corporation and Collins Bus Corporation held significant market share of over 20% in 2023. These companies are focusing on designing buses with advanced safety features, such as enhanced seat belts and improved structural integrity, meeting stringent regulatory standards. Additionally, efforts to develop buses with alternative fuel options like propane or electric power are gaining traction, reflecting a commitment to environmental sustainability. These initiatives address the specific needs of school transportation and driving demand as districts seek modern, efficient, and safe solutions for student transport.

To stay competitive in the market, Collins Bus Corporation focuses on innovation, customer-centric approaches, market expansion, quality and reliability, and sustainable practices. They invest in R&D for safety features and alternative propulsion systems, offer customizable solutions and responsive customer support, expand market reach through partnerships, prioritize quality craftsmanship, and promote eco-friendly initiatives to meet evolving market demands.

School Bus Market Companies

Major players operating in the market are:

Blue Bird Corporation
Carpenter Bus Sales
Collins Bus Corporation
Forest River
Gillig LLC
Girardin Minibus
IC Bus (Navistar)
Lion Electric Co.
Micro Bird Inc.
Proterra Inc.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

Industry size for school bus was worth USD 10.8 billion in 2023 and is projected to expand at over 6% CAGR from 2024 to 2032, due to the increasing focus on student safety, government regulations, and investments in transportation infrastructure for education.

The diesel propulsion segment in the school bus industry held over 85% share and is estimated to depict substantial growth between 2024 and 2032, owing to their robust performance and suitability for transporting students across various terrains and weather conditions.

North America industry accounted for over 35% revenue share in 2023 and is projected to expand at significant rate between 2024 and 2032, on account of the increasing number of student population and the rising need to upgrade the school vehicle fleet.

Blue Bird Corporation, Carpenter Bus Sales, Collins Bus Corporation, Forest River, Gillig LLC, Girardin Minibus, IC Bus (Navistar), Lion Electric Co., Micro Bird Inc., and Proterra Inc. are some of the leading school bus companies worldwide.