North America Bus Market to Grow with a CAGR of 11.57% through 2030
Government initiatives for sustainable mobility, growing
urbanization with rising transit ridership, and advancements in electric bus
technology are the factors driving the market in the forecast period 2026–2030.
According to TechSci Research report, “North America
Bus Market – By Country, Competition, Opportunities and Forecast, 2020-2030F”, The
North America Bus Market was valued at USD 7.03 billion in 2024 and is expected
to reach USD 13.57 billion by 2030 with a CAGR of 11.57% during the
forecast period.
Growing city populations are pushing transit systems to
expand capacity, fueling a surge in bus demand. Data from the U.S. Department
of Transportation indicates a 7.5% uptick in transit passengers in 2024,
underscoring buses as critical urban mobility tools. The EPA reports
transportation accounts for nearly 29% of national emissions, creating momentum
for greener fleets. Improved battery performance and new charging solutions
foster electric bus adoption, while digital tools are transforming how fleets
operate and enhance passenger service.
Federal and state support is pivotal, with the Federal
Transit Administration providing over USD 1.6 billion in grants during 2024 for
cleaner, modern buses. Stronger safety regulations and public environmental
consciousness spur upgrades, particularly in school buses. Transit providers
are investing in systems like telematics, driven by the American Public
Transportation Association’s findings of a 20% growth in digital fleet
technologies from 2023 to 2024. These changes aim to increase operational efficiency
and meet sustainability goals.
Despite the momentum, steep acquisition costs for electric
buses challenge widespread uptake, though lifecycle savings exist.
Infrastructure for charging remains incomplete, delaying full-scale
transitions. Meeting emissions standards often demands costly solutions,
affecting smaller players. Fuel price swings and shortages of drivers, noted by
the Bureau of Labor Statistics with a 6.3% increase in driver deficits in 2024,
also hinder market growth. Market fragmentation and evolving passenger demands
require continuous innovation and significant financial outlay from operators
striving to stay competitive.
Browse over North America Bus Market data Figures spread
through XX Pages and an in-depth TOC on " North America Bus Market"
North America Bus Market is Segmented By Application,
Length, Seating, Fuel and By Country.
The North America bus market includes diverse propulsion
technologies, reflecting shifts toward sustainability and cost optimization.
Diesel buses maintain a presence due to established fueling infrastructure,
lower upfront costs, and proven reliability for high-mileage operations.
However, concerns regarding emissions and evolving regulatory mandates continue
to encourage operators to explore alternatives.
Electric buses represent a transformative segment as transit
agencies and school districts commit to reducing carbon footprints. Battery
technology improvements and expanding charging networks are enabling longer
operational ranges and more cost-effective deployments. Despite higher purchase
costs, electric buses appeal for their lower lifetime maintenance expenses and
compliance with stringent emission standards.
Other fuel options, including compressed natural gas,
hydrogen fuel cells, and hybrid drivetrains, contribute to the market’s energy
diversification. CNG buses attract interest due to lower greenhouse gas
emissions compared to diesel, offering a transitional path toward
sustainability while infrastructure expands. Hydrogen fuel cells gain traction
for longer routes requiring greater range and faster refueling than
battery-electric alternatives. Hybrid models blend conventional and electric
technologies, providing efficiency benefits while easing the transition toward
full electrification. Diverse fuel strategies reflect operators’ priorities
balancing environmental objectives, operational requirements, and financial
constraints.
Mexico’s bus market reflects accelerated transformation
driven by intercity travel demand, urban transit expansion, and evolving
sustainability goals. Bus transport remains essential for both daily commuting
and long-distance travel, serving millions without access to personal vehicles.
Growing pressure to modernize public transport fleets aligns with national
climate commitments and the desire to reduce urban congestion. Transit
authorities focus on fleet renewal initiatives targeting low-emission vehicles,
particularly in high-density corridors and metropolitan areas.
The government supports public-private partnerships to
enhance mobility infrastructure, with policy frameworks encouraging adoption of
electric and alternative-fuel buses. Manufacturers respond with localized
solutions tailored to the country’s operational needs and charging
capabilities. New operators entering the market with digital booking platforms
and value-added services cater to changing consumer expectations. Rising
tourism activity and cross-border connectivity further influence demand for
modern, fuel-efficient coaches offering comfort, safety, and lower emissions.
Major Market Players Operating in North America Bus
Market Are:
- Mercedes-Benz
AG (Daimler AG)
- IVECO
S.p.A.
- MAN
Truck & Bus SE
- Scania
AB
- AB
Volvo
- BYD
CO. Ltd.
- Lion
Electric Company
- NFI
Group Inc.
- Proterra
Inc.
- Gilling
LLC
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“The North America bus market is undergoing rapid change
with growing emphasis on electrification, safety, and passenger comfort.
Regulatory initiatives, rising urbanization, and public funding for clean
transportation drive fleet upgrades across transit, school, and coach segments.
Technological innovation, from smart telematics to lightweight materials, is
reshaping operational efficiency and sustainability outcomes. Electric and
alternative fuel buses gain traction as infrastructure and policy support expand.
Market challenges include infrastructure limitations, high upfront costs, and
skilled labor shortages”, said Mr. Karan Chechi, Research Director of TechSci Research, a
research based global management consulting firm.
“North America Bus Market By Application (Transit Buses, Motor Coaches & School Buses, Others), By Length (6-8m, 8-10m, 10-12m and Above 12m), By Seating (15-30, 30-40, 40-50, Above 50), By Fuel (Diesel, Electric, Others), By Country, Competition, Opportunities and Forecast, 2020-2030F”, assesses the market's future
growth potential and provides data on market size, trends, and forecasts. It
aims to offer comprehensive market insights, helping decision-makers make
informed investment choices. The report also highlights emerging trends, key
drivers, challenges, and opportunities in the North America Bus Market.
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