United States Bus Market Overview
Base Year: 2023
Historical Years: 2018-2023
Forecast Years: 2024-2032
Market Growth Rate: 5.20% (2024-2032)
According to the latest United States bus market report by IMARC Group, the market size is projected to exhibit a growth rate (CAGR) of 5.20% during 2024-2032. The market in the United States is primarily driven by the rising demand for sustainable and eco-friendly transportation solutions is accelerating the adoption of electric and hybrid buses.
The increasing government investments in public transit infrastructure, including federal grants and state-level funding, are supporting market expansion. Also, the growing urbanization and population density in metropolitan areas are boosting the demand for efficient mass transit systems. The expansion of smart city initiatives, integrating intelligent transportation systems (ITS), is fueling bus fleet modernization. Further, the rising fuel costs and the need for cost-effective commuting options are encouraging public reliance on buses. Advancements in autonomous and connected vehicle technologies are enhancing safety, route optimization, and fleet management. In line with this, the rise of corporate and institutional shuttle services, including employee and student transportation, is further catalyzing the market.
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United States Bus Industry Trends and Drivers:
The scope of the market in the United States is expanding as the rising on-demand and microtransit services offering flexible and real-time routing options. Additionally, the increasing federal incentives and tax credits for electric bus adoption are accelerating fleet electrification efforts, thus enhancing the market appeal. Besides this, the expansion of bus rapid transit (BRT) systems, reducing congestion and improving urban mobility, is transforming city transportation networks, which is further creating a positive outlook for the market. Furthermore, the integration of AI-powered predictive maintenance solutions, enhancing fleet efficiency and reducing downtime, is driving operational improvements and broadening the market appeal. As per market analysis, the growing role of buses in tourism and recreational transport, including sightseeing and charter bus services, is providing a boost to the market. Moreover, the adoption of hydrogen fuel cell buses, promoting zero-emission mobility, is emerging as a key sustainability trend, thus providing an impetus to the market. Some of the other factors, such as the implementation of advanced safety features, such as collision avoidance systems and automated braking, are improving passenger security, which is creating lucrative opportunities for the market.
United States Bus Industry Segmentation:
The report has segmented the market into the following categories:
Type Insights:
- Single Deck
- Double Deck
Fuel Type Insights:
- Diesel
- Electric and Hybrid
- Others
Seat Capacity Insights:
- 15-30 Seats
- 31-50 Seats
- More than 50 Seats
Application Insights:
- Transit Bus
- Intercity/Coaches
- Others
Regional Insights:
- Northeast
- Midwest
- South
- West
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
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Key highlights of the Report:
- Market Performance (2018-2023)
- Market Outlook (2024-2032)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Strategic Recommendations
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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