School and Employee Bus Services Market is Anticipated to Increase at a Stable CAGR over the Forecast Period (2023 to 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

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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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