School and Employee Bus Services Market to see Huge Growth by 2029

The global school and employee bus services market is anticipated to grow at a considerable CAGR of 7.2% during the forecast period. Governments around the globe are taking steps to reduce carbon emissions from the transportation sector, including the school and employee bus services market. This is driven by a growing awareness of the impact of carbon emissions on the environment and public health. For instance, the US Clean School Bus program, which provides funding to school districts to replace older, more polluting buses with newer, cleaner models. This initiative has led to an increase in the adoption of low-emission buses in the school transportation sector, driving the growth of the market. Similarly, the UK government's Ultra-Low Emission Bus Scheme provides funding for local authorities and bus operators to purchase low-emission buses. This has led to an increase in the adoption of electric and hybrid buses in the employee and school transportation sector, driving the growth of the market. 

Governments in other countries are also taking steps to reduce carbon emissions in the transportation sector. For instance, the government of Singapore has introduced a carbon tax on transportation to encourage companies to adopt cleaner fuel sources and reduce their carbon emissions. This has led to an increase in the adoption of low-emission buses in the employee and school transportation sector, driving the growth of the market. In addition to government initiatives, there is also growing awareness among organizations and schools of the need to reduce their carbon footprint. Many are adopting eco-friendly practices, including the use of low-emission buses for employee and school transportation. This has created a market for environmentally conscious bus service providers, driving the growth of the industry. Moreover, the growing presence of leading market players and adoption clean and efficient bus services by the end-users is anticipated to propel the demand for the school and employee bus services for the forecast period. For instance, For instance, in October 2022, BYD signed a deal with Los Olivos Elementary School District to create the first US school district with a 100% zero-emissions bus fleet. Also, in September 2022, Ashok Leyland Ltd bagged a contract to supply 1400 school buses in the United Arab Emirates. The buses would be based on 55-seater Falcon and 32-seater Oyster platforms. The buses would be manufactured at the company's $ 50 million Ras-Al-Khaimah facility in the United Arab Emirates. 

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Market Coverage

The market number available for - 2022-2030
Base year- 2022
Forecast period- 2023-2030

Segment Covered- 

By Power-Train Type
By Capacity Design

Regions Covered-

North America
Europe
Asia-Pacific
Rest of the World

               Competitive Landscape- Tata Motors Ltd., Yutong Bus Co. Ltd., Ashok Leyland Ltd., Thomas Built Buses, IC Bus, and others.

School And Employee Bus Services Market Report Segment

By Power-Train Type  

IC Engine 
Electric
Hybrid

By Capacity Design

Type A
Type B
Type C
Type D

A full Report of School and Employee Bus Services Market is Available @  https://www.omrglobal.com/industry-reports/school-and-employee-bus-services-market

School and Employee Bus Services Market Report Segment by Region

North America                                                                                                           

United States
Canada

Europe

UK
Germany
Spain
France
Italy
Rest of Europe

Asia-Pacific

India
China
Japan
South Korea
Rest of APAC

Rest of the World

Latin America
Middle East and Africa 

Company Profiles 

Anhui Ankai Automobile
Ashok Leyland Ltd
Blue Bird Corp
Collins Bus Corp
IC Bus
JCBL Limited
Lion Electric
Micro Bird
Tata Motors
Thomas Built Buses
Yutong Bus Co.

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