A bus is a sizable motor vehicle designed to facilitate group travel along a set route and schedule, either within a city or to more remote areas. It is one of the most widely used forms of public transportation globally, as it reduces air pollution, consumes less fuel to transport passengers, and requires minimal investment to establish new lines or routes.

Drivers: The investments and growth in the transportation sector by leading nations such as the United States and Canada significantly influence the North America bus market. The availability of buses for intercity travel is increasing for passengers due to advancements in the public transportation sector and the expansion of the roadway network across these countries. Additionally, the growth of the market is supported by enhancements in the tourism industry. It is expected that during the forecast period, developments in the tourism sector will lead to an increase in intercity bus passenger traffic and bus revenue.

Challenges: Although electric buses present lower operating costs over time, their initial purchase prices are still considerably higher than those of traditional diesel models. The costs associated with battery packs, power electronics, and charging infrastructure contribute to substantial capital expenditures. Smaller operators, in particular, encounter financial challenges when attempting to transition their fleets. While government incentives can help alleviate some costs, significant gaps persist, hindering adoption rates. This financial barrier impacts procurement cycles, postponing modernization and sustainability objectives, and creating obstacles to achieving widespread electrification throughout the market.

Market Trends: The growing adoption of electric buses for long-distance intercity travel will significantly drive the growth of the bus market in North America. In response to the rising environmental pollution caused by travel and transportation, many governments and service providers have initiated electric bus services to address this challenge. This initiative has positively impacted the bus market. Additionally, factors such as increased automation in the transportation industry, rapid urbanization, and the enhanced use of big data for optimizing routes, vehicle dispatch, and scheduling are contributing to market growth.

AB Volvo, Anhui Ankai Automobile Co., Ltd, Blue Bird Corporation, BYD Company Limited, Daimler AG (Mercedes-Benz Group AG), Iveco SpA, NAVISTAR (Traton Group), NFI Group, and Proterra Inc are just a few of the major market players that are thoroughly examined in this market study along with revenue analysis, market segments, and competitive landscape data.

By Type: Based on the Type, North America Bus Market is segmented as; Single Deck, Double Deck.

By Fuel: Based on the Fuel, North America Bus Market is segmented as; Diesel, Electric and Hybrid.

By Seat Capacity: Based on the Seat Capacity, North America Bus Market is segmented as; 15-30 Seats, 31-50 Seats, More Than 50 Seats.

By Application: Based on the Application, North America Bus Market is segmented as; Transit, School, Coach, Others.

By Region: This research also includes data for Canada, Mexico, United States.

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.