School and Employee Bus Services Global Market Research Reports 2019 | Forecast to 2023
Major players in the global school and employee bus services market include First Student, Rick Bus Co, National Express Group PLC, and Student Transportation Inc.
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The school and employee bus services market size is expected to significantly grow at a CAGR of more than 4% during the forecast period. The growth in the school and employee bus services market is due to increasing government spending on primary and secondary education in both developed and developing economies.
However, the market for school and employee bus services is expected to face certain restraints from several factors such as increasing investment and maintenance costs, and rising safety concerns.
The Public School Bus Services industry, which is primarily engaged in the transportation of school students and faculty to and from school or other related locations, is projected to grow over five years, Economic expansion has eased pressure on state budgets and enabled moderate revenue growth during the period. Unremarkable revenue growth resulted in marginal increases in market share concentration, particularly as major operators pursue acquisitions to supplement organic growth.
Much of the industry s steady growth is attributable to industry-wide acceptance of services among K-12 schools and parents. Great acceptance and steady growth are both signs of an industry in the mature stage of its life cycle.The industry experienced many mergers and acquisitions M&A over the past five years, which is further indicative of an industry in its mature phase.
The global School and Employee Bus Services market is valued at xx million in 2017 and is expected to reach xx million by the end of 2023, growing at a CAGR of xx% between 2017 and 2023.
The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.
North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of School and Employee Bus Services.
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Europe also play important roles in global market, with market size of xx million in 2017 and will be xx million in 2023, with a CAGR of xx%.
This report studies the School and Employee Bus Services market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market, and splits the School and Employee Bus Services market by product type and applications/end industries.
Market Segment by Companies, this report covers
Market Segment by Regions, regional analysis covers
North America United States, Canada and Mexico
Europe Germany, France, UK, Russia and Italy
Asia-Pacific China, Japan, Korea, India and Southeast Asia
South America Brazil, Argentina, Colombia
Middle East and Africa Saudi Arabia, UAE, Egypt, Nigeria and South Africa
Market Segment by Type, covers
Students Bus Services
Employee Bus Services
Market Segment by Applications, can be divided into
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