DUBLIN, Sept. 5, 2022 /PRNewswire/ — The “U.S. Bus Market Report: By Vehicle Type, Body Type, Ownership, Propulsion, Length, Seating Capacity – Industry Revenue Estimation and Demand Forecast to 2030” report has been added to ResearchAndMarkets.com’s providing.
The U.S. bus market was value $7,453.4 million in 2021, which is projected to succeed in $11,237.7 million by 2030, rising at a 4.7% CAGR from 2021 to 2030
This will be credited to the rising urbanization charge, rising inhabitants, in addition to the rising authorities funding in public transportation upgrades. Furthermore, the numerous demand for varsity buses promotes the market growth within the nation.
Collaborations, partnerships, product debuts, and contract wins have all been used by the gamers within the U.S. bus market to acquire a aggressive benefit. REV Group Inc., Daimler Truck AG, Navistar International Corporation, The Lion Electric Company, AB Volvo, Blue Bird Corporation, GILLIG LLC, NFI Group Inc., GreenPower Motor Company Inc., and BYD Company Limited are the important thing market gamers.
Standard buses had the larger income share in 2021, and the class is predicted to proceed to dominate the U.S. bus market within the coming years. This will likely be because of the widespread utilization of ordinary buses in public transit and college fleets. Furthermore, colleges don’t permit custom-made autos, which will increase the demand for traditional buses.
The utilization of public transportation has the potential to boost visitors security, private well being, accessibility, and air high quality. In comparability to non-public autos, public transportation consumes much less gasoline and emits much less unstable natural compounds, carbon dioxide, and carbon monoxide per passenger mile. In addition to the environmental benefits, it has far decrease crash severity charges than private transport.
Key Findings of U.S. Bus Market Report
- In 2021, the Californian bus market had the most important share within the U.S. Its massive inhabitants has been more and more demanding quick and environment friendly transportation networks. Furthermore, California is changing into a hotspot for progressive electrical buses.
- Based on seating capability, buses with 30-50 seats had the most important U.S. bus market income share, as a result of they will transport extra passengers, whereas utilizing a lesser quantity of gasoline.
- During 2021-2030, 8.1-10-meter buses are predicted to be the preferred. This bus mannequin offers superior passenger consolation and mileage as in comparison with others.
- In phrases of income, the electrical propulsion class is predicted to advance on the highest charge all through the forecast interval. This is as a result of the transport sector accounts for 27% of the GHG emissions within the U.S., which is why the federal government is now providing subsidies on EVs.
- Robotic Research. RR.AI and GILLIG LLC began a partnership in January 2022 to create superior driver help programs and stage 4 autonomous automobile applied sciences for transit buses in North America.
- AB Volvo (Volvo Buses) launched the brand new Volvo BZL Electric chassis in September 2021 to boost its international electromobility choices.
Key Topics Covered:
Chapter 1. Research Background
Chapter 2. Research Methodology
Chapter 3. Executive Summary
Chapter 4. Market Indicators
4.1 Growing Working Population
Chapter 5. Definition of Market Segments
5.1 By Vehicle Type
5.1.1 Inter-City Buses
5.1.2 Intra-City Buses
5.1.3 School Buses
5.1.4 Others
5.2 By Body Type
5.2.1 Standard
5.2.2 Customizable
5.3 By Ownership
5.3.1 Individual
5.3.2 Fleet
5.3.3 Government
5.4 By Propulsion
5.4.1 Diesel
5.4.2 Gasoline
5.4.3 CNG
5.4.4 Electric
5.4.5 Fuel Cell
5.4.6 Others
5.5 By Length
5.5.1 Below 6 m
5.5.2 6-8 m
5.5.3 8.1-10 m
5.5.4 10.1-12 m
5.5.5 Above 12 m
5.6 By Seating Capacity
5.6.1 Less than 30 Seats
5.6.2 30-50 Seats
5.6.3 More than 50 Seats
Chapter 6. Industry Outlook
6.1 Market Dynamics
6.1.1 Trends
6.1.1.1 Increasing authorities initiatives to undertake electrical buses
6.1.1.2 Falling battery prices and enhancing operational efficiencies
6.1.2 Drivers
6.1.2.1 Advantages related to public transportation
6.1.2.2 Availability of native, state, and federal funding
6.1.2.3 Numerous faculty buses
6.1.3 Impact Analysis of Drivers on Market Forecast
6.1.4 Restraints
6.1.4.1 Less handy
6.1.4.2 Impact evaluation of restraints on market forecast
6.1.5 Opportunities
6.1.5.1 Increasing substitute gross sales
6.2 Impact of COVID-19
6.3 Value Chain Analysis
6.4 Porter’s Five Forces Analysis
Chapter 7. U.S. Bus Market Size and Forecast
7.1 Overview
7.2 Market Volume, by Vehicle Type (2017-2030)
7.3 Market Revenue, by Vehicle Type (2017-2030)
7.4 Market Volume, by Body Type (2017-2030)
7.5 Market Revenue, by Body Type (2017-2030)
7.6 Market Volume, by Ownership (2017-2030)
7.7 Market Revenue, by Ownership (2017-2030)
7.8 Market Volume, by Propulsion (2017-2030)
7.9 Market Revenue, by Propulsion (2017-2030)
7.10 Market Volume, by Length (2017-2030)
7.11 Market Revenue, by Length (2017-2030)
7.12 Market Volume, by Seating Capacity (2017-2030)
7.13 Market Revenue, by Seating Capacity (2017-2030)
7.14 Market Volume, by State (2017-2030)
7.15 Market Revenue, by State (2017-2030)
Chapter 8. Major Electric Bus Deployment Initiatives and Policy and Regulatory Landscape
8.1 Major Electric Bus Deployment Initiatives
8.2 Policy and Regulatory Landscape for Electric Buses
8.2.1 Overview
8.2.2 Incentive Schemes and Programs
8.2.2.1 Alabama
8.2.2.2 California
8.2.2.3 Colorado
8.2.2.4 Maryland
8.2.2.5 Massachusetts
8.2.2.6 Minnesota
8.2.2.7 Missouri
8.2.2.8 Nevada
8.2.2.9 New York
8.2.2.10 Ohio
8.2.2.11 Pennsylvania
8.2.2.12 Rhode Island
8.2.2.13 Texas
8.2.2.14 Utah
8.2.2.15 Virginia
8.2.2.16 Washington
Chapter 9. Competitive Landscape
9.1 Market Share Analysis of Key Players
9.1.1 U.S. Bus Market Share of Key Players (2021)
9.1.2 U.S. Electric Bus Market Share of Key Players (2021)
9.2 Product Benchmarking of Key Players
9.2.1 Electric Buses
9.3 Product Benchmarking of Key Players
9.3.1 Non-Electric Buses
9.4 Recent Strategic Developments of Player/Key Players
9.4.1 Client Wins
9.4.2 Partnerships & Collaborations
9.4.3 Geographic Expansions
9.4.4 Product Launches
Chapter 10. Company Profiles
10.1 Proterra Inc.
10.2 BYD Company Limited
10.3 New Flyer Industries (NFI) Group Inc.
10.4 GreenPower Motor Company Inc.
10.5 GILLIG LLC
10.6 Blue Bird Corporation
10.7 AB Volvo
10.8 The Lion Electric Company
10.9 Daimler Truck AG
10.10 REV Group Inc.
10.11 Navistar International Corporation
For extra details about this report go to https://www.researchandmarkets.com/r/kw1fuy
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