U.S. Bus Market Demand, Investment Feasibility and Forecast to 2030

1. 2022 U.S. Bus Market Opportunities, and Trends in Coming Years

2. The U.S. bus market will reach $11,237.7 million by 2030 at a CAGR of 4.7% during the forecast period, from $7,453.4 million in 2021. This is owing to the rapid urbanization and rising government spending on the advancement of public transport vehicles. Compared to traveling by personal vehicles, they conserve fuel and release lower levels of volatile chemicals into the air. Apart from this, they also meet economical standards, as the cost of traveling by public transport is a lot less than that of a single gallon of gasoline and diesel. The electric category in the U.S. bus market will have the fastest growth within the propulsion segment, at a CAGR of approximately 30%, in the coming years. This can be ascribed to the subsidies, financial incentives, and tax credits offered by the federal and state governments on the sale of electric buses. Since these are high-occupancy vehicles, they certify for exemptions from toll charges in various states, such as Colorado, Georgia, California, Hawaii, and Arizona.

3. The schools bus category dominated the U.S. bus market, with approximately 55% share, in 2021. The same trend will be resumed in the vehicle type segment in the forecast period owing to the status of these buses as the largest sources of mass transportation in the nation. Standard buses are used extensively in schools as well as public transportation. It will maintain the dominance in the market at a higher growth rate owing to the negligible demand for customizable buses in schools. To obtain a competitive advantage, major companies in the U.S. bus market have participated in partnerships, collaborations, and product launches in recent years. These companies are NFI Group Inc., AB Volvo, Blue Bird Corporation, BYD Company Limited, GreenPower Motor Company Inc., Lion Electric Company, Daimler Truck AG, GILLIG LLC, Navistar International Corporation, and REV Group Inc. For instance, the BZL Electric bus chassis was launched by AB Volvo in the country in September 2021. These buses are designed to help governments transition their public transportation fleets to non-emission variants. Hence, the rapid urbanization and rising government spending on the advancement of public transport vehicles will offer lucrative opportunities in the market. Request to Get the Sample Report: https://www.psmarketresearch.com/market-analysis/us-bus-market/report-sample

4. Market Segmentation by Vehicle Type • Inter-City Buses • Intra-City Buses • School Buses • Others • Market Segmentation by Body Type • Standard • Customizable • Market Segmentation by Ownership • Individual • Fleet • Government

5. Market Segmentation by Propulsion • Diesel • Gasoline • Compressed Natural Gas (CNG) • Electric • Fuel Cell • Others • Market Segmentation by Length • Below 6 m • 6–8 m • 8.1–10 m • 10.1–12 m • Above 12 m • Market Segmentation by Seating Capacity • Less than 30 Seats • 30–50 Seats • More than 50 Seats

6. Market Segmentation by State • California • New York • Texas • Florida • Pennsylvania • Ohio • Georgia • Virginia • Illinois • North Carolina • Tennessee • Louisiana • Missouri • New Jersey • Washington • Others

7. This study covers 1. Historical and the present size of the U.S. Bus Market 2. Historical and the present size of the market segments and understand their comparative future potential 3. Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings 4. Competitive scenario of various market segments across key countries in several regions for uncovering market opportunities for the stakeholders Major players operating in the market and their service offerings More Latest Reports by P&S Intelligence: Electric Bus Market Electric Vehicle Fast-Charging Infrastructure Market Western Europe Heavy Ground Transportation Vehicles Market Central Europe Heavy Ground Transportation Vehicles Market

8. Disclaimer: P&S Intelligence always keeps its customers’ interests at the core while carrying out research activities. P&S Intelligence ensures the reliability and accuracy of information and data provided in its market research publications. However, the information in publications is subject to fluctuations, as it is based on primary interviews of officials from various companies or organizations. P&S Intelligence is not responsible for any incorrect data provided by the key industry players of the concerned domain. the information or analysis in P&S Intelligence publications represents opinions based on research and should not be interpreted as statements of fact. Information in this report was believed to be correct at the time of publication, but cannot be guaranteed. P&S Intelligence does not endorse any product, service, or vendor depicted in its research publications. All intellectual properties, including trademarks and copyrights, belong to their respective owners and may be protected by copyright. Under no circumstance can these be reproduced in any form without prior written agreement of their owners. An order for market research report is intended for internal use of the company only and not for disclosure to third parties or any other publication in general. No service, report, or part thereof provided by P&S Intelligence can be reproduced, republished, resold, revealed, distributed, circulated, or sublicensed in any medium or form now realized or hereafter become realized, including but not limited to, all forms of optical-based media, magnetic, electronic, or digital, without a written permission from Prescient & Strategic Intelligence Pvt. Ltd. • For queries related to sales, contact us at: • enquiry@psmarketresearch.com • US/Canada Toll-Free: 1-888-778-7886 • International: +1-347-960-6455 • India: +91 120 4541 337 To know more about us, visit our website psmarketresearch.com