School bus Market 2024 Increasing Demand with Leading Players Ashok Leyland Ltd.,Blue Bird Corp.,Daimler AG,Gillig Corporation,Navistar International Corporation,REV Group Inc.,Tata Motors Ltd. and more

The demand for school buses globally is expected to grow steadily despite rising oil and commodity prices.
The advantages of school buses over other modes of transportation is one of the critical factors that will trigger the growth of the market during the forecast period. School buses are built explicitly with the focus of providing safe transportation to school going children. Hence, these buses are fitted with the best safety equipment to secure onboard kids. School buses are designed with a primary focus on safety; therefore, they are provided with protective seating, high crush standards, and rollover protection features. Also, they are also fitted with large windows to increase visibility and comprise some other features such as flashing red lights. cross-view mirrors, and stop-sign arms. Such enhanced safety features of school buses make them the preferred choice for the transportation of students, which will enhance the growth of the global school bus market during the forecast period.
The analysts forecast the global school bus market to exhibit a CAGR of 2.3% during the period 2019-2024. The report covers the present scenario and the growth prospects of the global school bus for 2019-2024. To calculate the market size, the report considers the school bus sales volume and revenue.

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Market Overview

Government initiatives for promoting electric buses

The need for reducing emissions has increased the demand for alternative fuels for public transport. The decline in battery prices supports the adoption of electric school buses by governments. The increasing penetration of electric vehicles in the commercial vehicle segment has attracted the school bus segment, which is driving the global school bus market during the forecast period.

On the basis of type, the global school bus market is segmented into:
- ICE Powered School Bus
- Electric School Bus

The report also includes a discussion of the key vendors operating in this market. Some of the leading players in the global school bus market are:
- Ashok Leyland Ltd.
- Blue Bird Corp.
- Daimler AG
- Gillig Corporation
- Navistar International Corporation
- REV Group Inc.
- Tata Motors Ltd.
- Xiamen King Long United Automotive Industry Company, Ltd.
- Zhengzhou Yutong Bus Co., Ltd.
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Objective of the study:
- To analyze and forecast the market size of global school bus market.
- To classify and forecast global school bus market based on product type and region.
- To identify drivers and challenges for global school bus market.
- To examine competitive developments such as expansions, mergers & acquisitions, etc., in global school bus market.
- To conduct pricing analysis for global school bus market.
- To identify and analyze the profile of leading players operating in global school bus market.

The report is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities. Key target audience are:
- Manufacturers of school bus
- Raw material suppliers
- Market research and consulting firms
- Government bodies such as regulating authorities and policy makers
- Organizations, forums and alliances related to school bus

The information contained in this report is based upon both primary and secondary sources. Primary research included interviews with school bus suppliers and industry experts. Secondary research included an exhaustive search of relevant publications like company annual reports, financial reports, and proprietary databases.

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