Scope of the Study
School buses are the mode of mass transit used for transporting students from one place to the others. These buses are either owned or rented by school authorities. The design for school buses differ from buses used in public transportation as enhanced safety is the key consideration taken into account while manufacturing school buses. Of late, manufacturers are emphasizing on introducing electric powered school buses to curb the emission which in turn is expected to provide lucrative opportunity for various stakeholders involved. In this regard, recently in July 2019, California Energy Commission was awarded approximately USD 70 million to replace over 200 diesel school buses with electric buses. Other regions across the globe are expected to follow the similar suit as vehicle emission norms tightened.
The market study is being classified, by Application (Education, Law Enforcement and Community Outreach) and major geographies with country level break-up. According to AMA, the Global School Bus market is expected to see growth rate of 2.2%
Collins Industries (United States), Starcraft Bus (United States), Trans Tech (United States), IC Bus (United States), Thomas Built Buses (United States), Blue Bird Corporation (United States), Girardin Minibus (Canada), Lion Electric Company (Canada), Mercedes-Benz (Germany), Volvo (Sweden), Alexander Dennis (United Kingdom), Scania (Sweden) and Iveco (Italy) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Tata Motors (India), Ford (United States), Zhengzhou Yutong Group (China), FAW (China), Higer Bus (China) and King Long (China).
Research Analyst at AMA predicts that American Manufacturers will contribute to the maximum growth of Global School Bus market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global School Bus market by Type, Application and Region.
On the basis of geography, the market of School Bus has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2018. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Rise in Number of School Buses Owing to Growing Expenditure by Government to Promote Education
- Focus on Retrofitting of Existing School Buses
- Increasing Adoption of Electric School Buses
- Increasing Trends of Mass Transit to Save Fuel and Reduce Emission
- Availability of Alternate School Transportation System
- Lack of Proper Charging Infrastructure for Electric School Buses
- Introduction of Alternative Fuel Powered School Bus Amid Growing Need to Curb Emission
- Growing Focus on Modernizing School Transportation
- Complexity and High Cost Associated in Maintenance of School Buses
United Kingdom based electric drivetrain solutions Equipmake has developed cost-effective electric bus powertrain. The testing for the same is in final phase and in-service trails of the vehicles are expected to start in the first quarter of 2020. This EBus drivetrain has two APM200 motors along with latest generation lithium-ion cells.
Key Target AudienceBus Manufactures, Raw Materials Suppliers/Distributors, Government Agencies and Educational Institutions, Market Research and Consulting Firms, Potential Investors and Others
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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