Technavio’s School Bus Market research report highlights key findings in the area of ​​vendor landscape, key market segments, regions, and latest trends and drivers

NEW YORK, February 9, 2022 /PRNewswire/ — The School bus market share is expected to increase by $848.47 million from 2020 to 2025, and market growth is expected accelerate at CAGR of 3.68%. Factors such as increase in the number of schooling significantly boost the school bus market in this region.

Technavio has announced its latest market research report titled School Bus Market by Powertrain and Geography – Forecast and Analysis 2021-2025

Our research report on “School Bus Market by Powertrain and Geography – Forecast and Analysis 2021-2025” has extensively covered the factors influencing the growth potential of the parent market in the coming years, which will determine the growth levels of the market share over the forecast period. .

Key Highlights of the School Bus Market Report

  • Estimated annual growth rate: 3.50%

  • Key Market Segments: Powertrain (ICE Powered and Electric) and Geography (North AmericaACPA, EuropeAME and South America)

  • Key consumption region and contribution: North America 46%

School Bus Market Scope

Report cover

Details

Page number

120

base year

2020

Forecast period

2021-2025

Growth momentum and CAGR

Accelerate at a CAGR of 3.68%

Market Growth 2021-2025

$848.47 million

Market structure

Fragmented

Annual growth (%)

3.50

Regional analysis

North America, APAC, Europe, MEA and South America

Successful market contribution

North America at 46%

Main consumer countries

United States, China, Canada, Japan and United Kingdom

Competitive landscape

Leading Companies, Competitive Strategies, Consumer Engagement Reach

Profiled Key Companies

Ashok Leyland Ltd., Blue Bird Corp., Daimler AG, Eicher Motors Ltd., Ford Motor Co., Forest River Inc., GreenPower Motor Co. Inc., Higer Bus Company Ltd., JCBL Ltd., Mahindra & Mahindra Ltd. , Navistar International Corp., REV Group Inc., Scania AB, Sumitomo Corp., Tata Motors Ltd., The Lion Electric Co., Trans Tech Bus, Van-Con Inc. and Yutong Bus Co.Ltd.

Market dynamics

Parent Market Analysis, Market Growth Drivers and Barriers, Fast and Slow Growing Segment Analysis, COVID-19 Impact and Recovery Analysis and Future Consumer Dynamics, Market Status Analysis market for the forecast period

Personalization area

If our report does not include the data you are looking for, you can contact our analysts and customize the segments.

Contact our analysts for more personalized reports according to your needs. Talk to our analyst now!

School Bus Market Share Trend

A few technological breakthroughs in the use of information technology to ensure the efficiency of school buses are seen in the global school bus market. Engine faults, damaged lights and problems with oil tanks, transmissions or exhaust systems can all be detected by advanced sensors. A range of sensor-based detection systems are currently available to improve school bus safety. Advanced digital cameras provide a more complete view of school bus interiors, making it easier to record, monitor and investigate disorderly behavior and bullying among young students. During the forecast period, these advancements are expected to have a beneficial impact on the global school bus market.

School Bus Market Challenge

Adoption of new and improved emission criteria is one of the major factors hindering the growth of the global school bus market. This poses a significant challenge for developing economies such as those in APAC and Middle East and North Africa, which still rely heavily on diesel and gasoline-powered school buses. During the forecast period, most major regional school bus markets, such as United Statesthe UK, Chinaand India, should implement the Euro VI emission standard and its national equivalents. Therefore, if new emissions requirements are introduced or old ones are changed, school bus manufacturers need to be more proactive in implementing technologies that meet these criteria.

Get a free sample for in-depth information on major market drivers, trends, and challenges influencing the School Bus market.

Information on the main vendors in the market
The School Bus market share is fragmented and the vendors are deploying various organic and inorganic strategies to compete in the market.

Some of the major vendors in the market are:

For more detailed highlights on product offerings and growth strategies adopted by other vendors, Download a free sample report

Regional Market Analysis
North America will contribute 46% of the school bus market share growth over the forecast period. WE, China, Canada, Japanand UK are the major markets for school bus market share.

Increasing emphasis on reducing environmental damage by states and central governments in various countries is expected to increase the school bus market share in the region.

Ask for our free sample for additional highlights and key segments expected to impact the market during the forecast period.

Related Report:-

Electric car market The market share of electric cars is expected to increase by 7,365,420 units between 2020 and 2025, at a CAGR of 27.49%. Download an exclusive free sample report

About Us
Technavio is a global leader in technology research and consulting. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialist analysts, Technavio’s reporting library consists of over 17,000 reports and counts, spanning 800 technologies, spanning 50 countries. Their customer base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, in-depth research, and actionable market intelligence to identify opportunities in existing markets and potentials and assess their competitive positions in changing market scenarios.

Contact
Technavio Research
Jesse Maida
Media & Marketing Manager
USA: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

Technavio (PRNewsfoto/Technavio)

Technavio (PRNewsfoto/Technavio)

Quote

Quote

View original content for multimedia download: https://www.prnewswire.com/news-releases/technavios-school-bus-market-research-report-highlights-the-key-findings-in-the-area-of -vendor-landscape-key-market-segments-regions-and-latest-trends-and-drivers-301477734.html

SOURCETechnavio; Technavio

About the author