School Bus Market Share and Growth Investment 2034
Global School Bus Market Growth, Size, Trends Analysis - By Propulsion, By Class, By End-User - Regional Outlook, Competitive Strategies and Segment Forecast to 2034
| Published: Sep-2025 | Report ID: AMIN2566 | Pages: 1 - 262 | Formats*: |
| Category : Automotive & Transportation | |||
Global School Bus Market Introduction and Overview
According to SPER Market Research, the Global School Bus Market is estimated to reach USD 21.11 billion by 2034 with a CAGR of 6.28%.
The report includes an in-depth analysis of the Global School Bus Market, including market size and trends, product mix, Applications, and supplier analysis. The School Bus Market was valued at USD 11.48 billion in 2024 and is projected to achieve a CAGR exceeding 6.28% from 2025 to 2034. This market expansion is primarily fueled by a growing focus on quality and safety assessments by prominent regulatory bodies within the bus sector. As these regulatory organizations impose stricter safety and reliability standards, bus manufacturers are increasingly adopting advanced memory solutions to comply with these demands.
By Propulsion Insights
According to the propulsion system, the market is divided into diesel, hybrid, and electric categories. In 2024, the market was led by the diesel segment. Buses powered by diesel engines provide strong performance, making them ideal for transporting students across diverse terrains and varying weather conditions. Although there are concerns regarding emissions, contemporary diesel engines have become more environmentally friendly and fuel-efficient, complying with strict environmental standards. Furthermore, diesel buses generally have lower initial costs compared to alternative fuel options, rendering them an economically viable choice for numerous school districts. Nevertheless, with the increasing focus on environmental sustainability, there is a notable shift towards alternative fuels and electric propulsion within the market.
By Class Insights
In terms of classification, the market is segmented into type A, type B, type C, and type D. In 2024, the type C category held the biggest market share. Type C buses, recognized for their adaptability and maneuverability, are favored for transporting students in suburban and rural settings. Their compact size and enhanced maneuverability allow Class C buses to navigate narrow streets and tight corners effortlessly, ensuring safe transportation for students. Additionally, Class C buses usually incur lower initial costs than larger buses, making them financially attractive for school districts facing budget limitations. The demand for type C buses is therefore rising as school districts place a higher priority on affordability, efficacy, and safety in their student transportation options.
Regional Insights
In 2024, North America held the greatest share of the global market. In the United States, the school bus market is witnessing robust demand driven by various factors. As school districts expand and modernize their fleets to accommodate rising student populations, there is a persistent requirement for new buses. Furthermore, government regulations that prioritize student safety and address environmental issues are encouraging districts to replace older buses with newer, safer, and more fuel-efficient alternatives. Additionally, the growing significance of dependable and secure transportation services for students in both urban and rural settings is further propelling this demand.
Market Competitive Landscape
Blue Bird Corporation and Collins Bus Corporation held a significant portion of the market in 2024. These companies are focussing on designing buses with cutting-edge safety features, such as better seat belts and stronger structural integrity, to satisfy strict regulations. Moreover, initiatives aimed at developing buses powered by alternative fuels such as propane or electricity are gaining momentum, demonstrating a commitment to environmental sustainability. These efforts cater to the specific requirements of school transportation and stimulate demand as districts pursue modern, efficient, and safe solutions for student transport.
Recent Developments:
In May 2024, Blue Bird Corporation expanded its exclusive partnership for clean school buses with Ford Component Sales and ROUSH CleanTech, extending the collaboration until 2030.
IVECO Bus was awarded the contract to supply 7,100 new school buses for school transportation in Brazil in November 2023.
Scope of the report:
| Report Metric | Details |
| Market size available for years | 2021-2034 |
| Base year considered | 2024 |
| Forecast period | 2025-2034 |
| Segments covered | By Propulsion, By Class, By End-User |
| Regions covered | North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa |
| Companies Covered | Blue Bird Corporation, Carpenter Bus Sales, Collins Bus Corporation, Forest River, Gillig LLC, Girardin Minibus, IC Bus (Navistar), Lion Electric Co, Micro Bird Inc, Proterra Inc. |
Key Topics Covered in the Report
- Global School Bus Market Size (FY’2021-FY’2034)
- Overview of Global School Bus Market
- Segmentation of Global School Bus Market By Propulsion (Diesel, Hybrid, Electric)
- Segmentation of Global School Bus Market By Class (Type A, Type B, Type C, Type D)
- Segmentation of Global School Bus Market By End-User (School District, Private Contractor, Charter Services)
- Statistical Snap of Global School Bus Market
- Expansion Analysis of Global School Bus Market
- Problems and Obstacles in Global School Bus Market
- Competitive Landscape in the Global School Bus Market
- Details on Current Investment in Global School Bus Market
- Competitive Analysis of Global School Bus Market
- Prominent Players in the Global School Bus Market
- SWOT Analysis of Global School Bus Market
- Global School Bus Market Future Outlook and Projections (FY’2025-FY’2034)
- Recommendations from Analyst
1.Introduction
1.1.Scope of the report1.2.Market segment analysis
2.Research Methodology
2.1.Research data source
2.1.1.Secondary Data2.1.2.Primary Data2.1.3.SPERs internal database2.1.4.Premium insight from KOLs
2.2.Market size estimation
2.2.1.Top-down and Bottom-up approach
2.3.Data triangulation
3.Executive Summary
4.Market Dynamics
4.1.Driver, Restraint, Opportunity and Challenges analysis
4.1.1.Drivers4.1.2.Restraints4.1.3.Opportunities4.1.4.Challenges
5.Market variable and outlook
5.1.SWOT Analysis
5.1.1.Strengths5.1.2.Weaknesses5.1.3.Opportunities5.1.4.Threats
5.2.PESTEL Analysis
5.2.1.Political Landscape5.2.2.Economic Landscape5.2.3.Social Landscape5.2.4.Technological Landscape5.2.5.Environmental Landscape5.2.6.Legal Landscape
5.3.PORTERs Five Forces
5.3.1.Bargaining power of suppliers5.3.2.Bargaining power of buyers5.3.3.Threat of Substitute5.3.4.Threat of new entrant5.3.5.Competitive rivalry
5.4.Heat Map Analysis
6.Competitive Landscape
6.1.Global School Bus Market Manufacturing Base Distribution, Sales Area, Product Type6.2.Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global School Bus Market
7.Global School Bus Market, By Propulsion (USD Million) 2021-2034
7.1.Diesel7.2.Hybrid7.3.Electric
8.Global School Bus Market, By Class (USD Million) 2021-2034
8.1.Type A8.2.Type B8.3.Type C8.4.Type D
9.Global School Bus Market, By End User (USD Million) 2021-2034
9.1.School district9.2.Private contractor9.3.Charter services
10.Global School Bus Market, (USD Million) 2021-2034
10.1.Global School Bus Market Size and Market Share
11.Global School Bus Market, By Region, (USD Million) 2021-2034
11.1.Asia-Pacific
11.1.1.Australia11.1.2.China11.1.3.India11.1.4.Japan11.1.5.South Korea11.1.6.Rest of Asia-Pacific
11.2.Europe
11.2.1.France11.2.2.Germany11.2.3.Italy11.2.4.Spain11.2.5.United Kingdom11.2.6.Rest of Europe
11.3.Middle East and Africa
11.3.1.Kingdom of Saudi Arabia11.3.2.United Arab Emirates11.3.3.Qatar11.3.4.South Africa11.3.5.Egypt11.3.6.Morocco11.3.7.Nigeria11.3.8.Rest of Middle-East and Africa
11.4.North America
11.4.1.Canada11.4.2.Mexico11.4.3.United States
11.5.Latin America
11.5.1.Argentina11.5.2.Brazil11.5.3.Rest of Latin America
12.Company Profile
12.1.Blue Bird Corporation
12.1.1.Company details12.1.2.Financial outlook12.1.3.Product summary12.1.4.Recent developments
12.2.Carpenter Bus Sales
12.2.1.Company details12.2.2.Financial outlook12.2.3.Product summary12.2.4.Recent developments
12.3.Collins Bus Corporation
12.3.1.Company details12.3.2.Financial outlook12.3.3.Product summary12.3.4.Recent developments
12.4.Forest River
12.4.1.Company details12.4.2.Financial outlook12.4.3.Product summary12.4.4.Recent developments
12.5.Gillig LLC
12.5.1.Company details12.5.2.Financial outlook12.5.3.Product summary12.5.4.Recent developments
12.6.Girardin Minibus
12.6.1.Company details12.6.2.Financial outlook12.6.3.Product summary12.6.4.Recent developments
12.7.IC Bus (Navistar)
12.7.1.Company details12.7.2.Financial outlook12.7.3.Product summary12.7.4.Recent developments
12.8.Lion Electric Co
12.8.1.Company details12.8.2.Financial outlook12.8.3.Product summary12.8.4.Recent developments
12.9.Micro Bird Inc
12.9.1.Company details12.9.2.Financial outlook12.9.3.Product summary12.9.4.Recent developments
12.10.Proterra Inc
12.10.1.Company details12.10.2.Financial outlook12.10.3.Product summary12.10.4.Recent developments
12.11.Others
13.Conclusion
14.List of Abbreviations
15.Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
School Bus Market is projected to reach USD 21.11 billion by 2034, growing at a CAGR of 6.28% during the forecast period.
School Bus Market size from 2025. The Market is expected to reach USD 21.11 billion by 2034, at a CAGR of 6.28% during the forecast period.
School Bus Market CAGR of 6.28% during the forecast period.
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School Bus Market size is USD 21.11 billion from 2025 to 2034.
School Bus Market covered By Propulsion, By Class, By End-User
The North America is anticipated to have the highest Market share in the School Bus Market.
Blue Bird Corporation, Carpenter Bus Sales, Collins Bus Corporation, Forest River, Gillig LLC, Girardin Minibus, IC Bus (Navistar), Lion Electric Co, Micro Bird Inc, Proterra Inc.
The report includes an in-depth analysis of the Global School Bus Market, including market size and trends, product mix, Applications, and supplier analysis.
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