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Mid-sized School Buses Market Size

Report ID: GMI9316 Published Date: April 2024Report Format: PDF
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Mid-sized School Buses Market Size

Mid-sized School Buses Market size was valued at USD 1.8 billion in 2023 and is estimated to register a CAGR of over 7% between 2024 and 2032. The growing number of students across developing regions is driving market growth. School buses are essential for ensuring that children in isolated & rural locations have access to an education when schools are situated distant from residential areas. The increasing number of students in these areas is fueling the need for transportation services, particularly mid-sized buses with the ability to maneuver on rural roads.

 

Mid-sized School Buses Market

To meet the needs of individual students, mid-sized school buses can be customized with features such as climate control, wheelchair accessibility, or unique seating configurations. School districts with distinct needs find mid-sized buses appealing due to their customizable options. Mid-sized school buses offer ease of navigation and lower environmental effects in heavily crowded urban regions or suburban neighborhoods with narrow roads. These buses may witness a rise in demand in certain locations as urbanization progresses.

It might be challenging to strike a balance between capacity, mobility, and fuel efficiency. Mid-sized buses need to have enough room for pupils and the ability to operate on different kinds of roads. Fuel-efficient mid-sized buses are required to save operating costs and lessen the environmental effects. Balancing engine power and fuel usage may pose a hurdle.

Regular maintenance is necessary to keep mid-sized buses safe and dependable. For school districts with tight budgets, controlling maintenance expenses while keeping buses in top shape can be quite difficult.

Author: Preeti Wadhwani, Aishwarya Ambekar
Frequently Asked Question(FAQ) :

Why is the demand for diesel mid-sized school buses growing?+

The diesel segment is expected to record over 80% share by 2032, due to being an established technology that has been utilized in the transportation sector for many years.

How big the mid-sized school buses market?+

The market size of mid-sized school buses reached USD 1.8 billion in 2023 and is set to witness 7% CAGR from 2024 to 2032, owing to the growing number of students across developing regions worldwide.

Who are the key leaders in the mid-sized school buses market?+

Trans Tech, Lion Electric Company, Girardin Minibus, Motiv Power Systems, Proterra, Navistario, Titan Bus, Forest River, Startrans, Carpenter Body Works, Wayne Wheeled Vehicles, C.E. White Co., and Corbeil, are some of the major mid-sized school buses companies worldwide.

What is the size of the North America mid-sized school buses industry?+

North America market was valued at USD 717.9 million in 2023, attributed to increasing requirement for specialized transportation services for students with disabilities in the region.

Mid-sized School Buses Market Scope

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