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Market Research Report

United States (U.S) Bus Market Outlook 2019-2035 : Market Size, Trends, Growth, Opportunities | COVID-19 Impact Analysis

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United States

United States Bus Market Analysis (2021 Edition)

Buses and coaches are the most important form of transport for humans. Increasing population, changing demand patterns, shifting mobility and focus on environmental issues are changing the profile of transport system. It can be used both for personal or commercial purposes. Buses are used both for short and long distances considered to be the safest and greener modes of transport. Buses are the most friendlier and affordable modes of transports for the rich or poor today. Buses play a critical role in connecting different modes of urban transit. Buses also help the people in social arena of life and can be reached anywhere even to a rural area. The market size, measured by revenue, of the Scheduled and Charter Bus Services industry is $5.8bn in 2020.

We conducted interviews with the Bus Manufacturers, OEMs, Aftermarket Players, Brands, Component Manufacturers, Battery Manufacturers, End User Industries, Distributors, Traders, Suppliers, Product Managers, Consultants, Decision Makers, VPs, Executives, Sales Managers, Regional Sales Head, C-level Executives, etc.

Key Highlights: United States Bus Market Outlook, 2019-2035 (2021 Edition)

  • The report includes Bus Manufacturers, Aftermarket Players & Distributors Outlook (Market Competition & Global Presence), Business Strategy & Financial Analysis of Major Players. Further, the study also covers the Industry Insights (Future Trends & Forecast Data), Trade Data (Exports and Imports) and Distribution Model Analysis, Competitive Analysis, Opportunity Analysis
  • Market Size (USD Billion), Market Share (%), CAGR (%), Y-O-Y Growth Rate (%) of United States Bus Industry and further it bifurcated into States/Cities, 2019-2035
  • Sales Data of Bus : By Bus Type, By Manufacturers Type, By End User Industry Type, By States/Cities (Value & Volume), 2019-2035
  • Data of Manufactured & Registered Electric (On-Road) : By E-Vehicles Type, By Manufacturers Type, By End User Industry Type, By States/Cities (By Value & Volume), 2019-2035
  • Manufacturing/Production of E-Vehicles : By Manufacturers Type (OEMs & Contract Manufacturers), Production Data (By Bus Type, By Countries), Manufacturing Capacity, Operational Margins, Profit Margin, Distribution Analysis, etc., 2019-2035
  • Bus Market Analysis : Revenue Share, Solutions Offerings Portfolio, Market Positioning, Ranking Analysis, Competitiveness, Regional Presence, Investments, Partnerships & Collaborations, Mergers & Acquisitions, etc., 2019-2035
  • United States Automotive Industry Outlook : Automotive Expenditure, Transportation & Manufacturing Reforms, Manufacturing Facilities, Govt. & Private Investments, R&D, (Current & Future Outlook), 2019-2035
  • Regulatory Framework & Approvals Outlook : Regulatory Framework for Bus, Govt. Initiatives & Programs, Manufacturing Framework & Regulations, Import Framework, Regulations & Policies, etc.
  • Competitive Outlook : Players Financial Analysis, Marketing Strategies, Ranking Index, Product Portfolio, Pricing Analysis, List of Customers, Competitive Advantage, etc. Company Profiles, SWOT Analysis of Each Player, Recent News &  Developments of Each Player, Merger & Acquisitions, etc.
  • Bus Aftermarket & Components Outlook : Aftermarket Analysis, Components Sales Outlook, Aftermarket Sales Outlook, Engine and Parts Manufacturers, etc, 2019-2035
  • Market Dynamics : Growth Drivers, Challenges, Opportunities, Trends, SWOT Analysis, PESTLE Analysis, Pricing Patterns, Regulations, Investments, Research & Development, 2019-2035
  • Trade Data of Bus (Export & Import) : By Each Segment, By Countries, (By Value & Volume), 2019-2035
  • Target & Potential Markets, By Major Countries
  • Supply & Demand Analysis, 2019-2035
  • United States Bus Industry Analysis (Manufacturers, New Products, Investments, OEMs, Aftermarket, Used Electric Trucks Industry, Govt. Regulations & Norms, etc.)

Market Dynamics

Growth Drivers

But most buses in the US run on dirty diesel fuel. Emissions from diesel contribute to air pollution, lung diseases and climate change.The number of diesel buses in the US has steadily decreased over the past decade, replaced with compressed natural gas, biodiesel and diesel hybrid models. But electric battery buses — powered by renewable energy — run much cleaner. But the bus movement in the US is gaining momentum. Not only are electric buses better for the environment, they’re also much quieter than a traditional bus.This is one of the growth driver for electric buses in the United States.


  • TREND 1: A strong economy helped strengthen demand for scheduled coach travel in major corridors, but low fuel prices nationwide remain a mixed blessing. Uncertainty over demand contributed to Stagecoach’s decision to sell its Megabus unit to a venture capital firm.
  • TREND 2: Technology platforms are giving smaller charter companies and regional players a greater ability to compete with well-established operators in some of the country’s most heavily traveled corridors.
  • TREND 3: Scheduled bus operators are increasingly emphasizing service linking metropolitan regions rather than just city centers. A related trend is added service to/from airports and train stations, with the goal of providing passengers greater connecting opportunities
  • TREND 4: New services operated from locations on or near college campuses, including “pop-up” services operating only during college breaks, remain a major area of growth.
  • TREND 5: State-supported services – one of the primary growth drivers in the industry over the past five years – are growing more sophisticated through strategic partnerships and sustained federal funding

Geographical Market (Dominate Market/Target Opportunities)

So far, California leads the pack, with more than 200 e-buses in service and several hundred more in backlogged orders. Only five states—Arkansas, New Hampshire, North Dakota, South Dakota and West Virginia—have no transit agencies planning to operate electric buses or hydrogen fuel cell buses, another type of zero-emission vehicles. Swapping diesel for electric buses isn't as simple as pressing the starter button, though, and local transportation agencies are still feeling their way through the challenges. The upfront costs are still higher for electric buses than diesel; cities have to build out charging infrastructure to support them; and, in some cities, electricity rates have cut into the savings.But urban leaders also see long-term benefits in fuel savings and for human health and the climate.

Bus will become cheaper than the internal combustion engine in a half decade, and will make up a third of the car fleet by 2040, while electric buses will completely “dominate” their sector by the late-2020s, according to Bloomberg New Energy Finance (BNEF), which just published its Bus Outlook 2018 report. EV sales will top 1.6 million in 2018, up from just a few hundred thousand in 2014, according to BNE. The acceleration in sales can be chalked up to a few factors. First, battery costs have declined by 79 percent since 2010, falling from over $1,000 per kilowatt-hour to just $209/kWh at the end of 2017. Energy density has also increased by 5 to 7 percent each year. Costs could drop to as low as $70/kWh by 2030.

Second, governments continue to support EVs with various forms of subsidies or other policy help.Another reason is the proliferation of new EV models from a long line of automakers. The number of EV models is expected to nearly double from 155 at the end of 2017 to as many as 289 by 2022.Meanwhile, key ingredients used in lithium-ion batteries, such as cobalt, have seen costs skyrocket as demand has increased. Without significant investment in new cobalt capacity, for instance, there could be shortages within a few years. “If capacity does not grow as planned, cobalt prices could continue to spike and there could be a major cobalt shortage,” “This would have serious implications on the Bus market.”

Cobalt prices have already tripled in the past two years, and with supply lagging demand, prices could continue to rise. The problem is all the more worrying because new mines have long lead times, which sets the market up for some serious speed bumps in the early 2020s.Nevertheless, the BNEF forecast is bullish for EVs. Sales are expected to continue to accelerate, topping 11 million units by 2025 and 30 million by 2030. By 2040, EV sales will hit 60 million, or about 55 percent of the global market for light-duty vehicles. Cumulatively, about 559 million EVs will be on the roads in 2040, or about a third of the global fleet.

On an unsubsidized basis, EVs will hit cost parity with gasoline- and diesel-powered vehicles by about 2024, causing the latter to see declining sales after that point “as EVs bite hard into their market,” BNEF says.Many of the BNEF projections are similar to last year’s report, although some of the near-term projections appear more bullish. But one of the more eye-opening forecasts is for electric buses. Consider this statement: “The advance of e-buses will be even more rapid than for electric cars,” BNEF concluded.

Electric buses will reach cost parity with conventional municipal buses as soon as next year, BNEF says. And whereas EVs will capture 28 percent of the market by the late 2020s, e-buses will “dominate” its segment, making up 84 percent of the bus market by the same date. “China has led this market in spectacular style, accounting for 99 percent of the world total last year. The rest of the world will follow, and by 2040 we expect 80 percent of the global municipal bus fleet to be electric,” Colin McKerracher, lead analyst on advanced transportation for BNEF, said in a statement.

Natural gas continued to dominate the US power generation mix, at more than 44 percent of generation capacity.1 Wind and solar capacity also continued its rise, to nearly 12 percent of capacity, driven largely by growing corporate commitment to renewables, declining prices, supportive policies such as renewable portfolio standards (RPS), and improved performance. Renewables as a whole, including hydroelectric, reached nearly 22 percent of US capacity, surpassing coal-fired plants’ share for the first time.2 And the rush to deploy battery storage at grid-scale and behind-the-meter surged as battery costs fell sharply. Other significant trends in 2019 were the federal government’s continuing efforts to roll back environmental rules such as the Clean Power Plan,3 while many state and local governments reinforced their support for clean energy with steps such as increased renewable portfolio standards. Natural disasters such as hurricanes and wildfires hit particularly hard in 2019, continuing a pattern that may signal the need for increased utility planning and even more investment in transmission and distribution systems. At the same time, cyberattacks on the electric grid have increased and become more targeted in recent years, requiring power companies to continue fortifying their defenses. Bright spots were increasing flexibility and resilience achieved through grid modernization and opportunities to boost long-term revenue through electrification, especially in the transportation sector as Bus (EV) adoption rises.

California towards full electric bus fleets- California is the target market for electric buses.

Mergers and Acquisitions

NFI Group Inc., ("NFI") is North America's largest and most diversified bus and coach manufacturer providing market leading transportation solutions under the brands: New Flyer, MCI, ARBOC and NFI Parts. Tracing its roots back to 1930, NFI has over 74,000 vehicles in service in Canada and the United States.

Alexander Dennis Limited, ("ADL") is one of the world's leading independent bus and coach manufacturers and the number one global producer of double deck buses. With a long history spanning more than a century, ADL has over 31,000 vehicles in service in the UK, Europe, Hong Kong, Singapore, New Zealand, Mexico, Canada and the United States sold under the Alexander Dennis and Plaxton brands.

  • NFI has acquired ADL for £320 million (approximately U.S. $405 million) representing an implied purchase multiple of 7.3x ADL's fiscal year 2018 Adjusted EBITDA. Transaction is expected to be immediately accretive (before potential synergies) to NFI earnings per share and cash flow per share
  • The transaction was funded through NFI's existing credit facility, a new US$300 million credit facility and the issuance from treasury, of 1.47 million common shares of NFI, in lieu of cash, to ADL's primary shareholders, including ADL's CEO and CFO
  • The combined business creates an independent global bus OEM with market leading positions in the United Kingdom, Hong Kong, North America and a growing footprint in Asia Pacific, Latin America and Europe.
  • The acquisition complements NFI's product offering, diversifies its business model and creates a platform for international growth
  • ADL's proven products and successful track record of entering and growing in new markets, underpinned by NFI's broad expertise, product offering and strong appetite to invest, is expected to accelerate technology and innovation sharing and development

Players Specific Data (Product Launch, International and Domestic Players Dominance, Sales Distribution)

Product Launch

Nova Bus introduces the LFSe+, a new long-range electric bus with dual charging options

Leading North American transit bus manufacturer Nova Bus is proud to launch the LFSe+, its newest fully electric bus, at the American Public Transportation Association’s TRANSform Conference in New York City. Built on the proven Nova LFS platform, whose safety track record of more than twenty years, this groundbreaking bus is designed to be just as reliable. In fact, the Nova Bus LFSe, on which the new LFSe+ is modeled, was the first electric bus in the industry to pass the full test at Altoona in June 2018.The new LFSe+ integrates the proven traction motor and power electronics from BAE Systems, which uses advanced materials such as silicon carbide to improve heat management. The lower weight and increased power density of the BAE system also contribute to bus performance and durability. Powered by an integrated modular system, the electric motor significantly decreases maintenance costs and emits no greenhouse gas emissions.“We are excited to introduce our new, long-range 100% electric bus to our customers. This launch marks an important moment in the evolution of electric transportation in North America. The LFSe+ is the perfect pairing of Nova Bus’ proven expertise with the latest innovations in clean and sustainable technologies. We are committed to always improving our product and processes to reduce pollution and waste in every aspect of our business, and the LFSe+ is our latest demonstration of that commitment,” notes Martin Larose, Vice-President and General Manager of Nova Bus.Always aiming for sustainable development, with its Electro Mobility strategy, with the LFSe+, Nova Bus now goes further in electrifying its key components to reduce fuel consumption and greenhouse gas emissions. On this subject, Benoit Charrette, Québec’s Minister of the Environment and the Fight Against Climate Change adds : This project is totally in line with our government’s goal to develop technologies related to the electrification of the transportation sector. Electrification is one of the key levers we have at our disposal to reduce our greenhouse gas emissions and reduce our dependence on oil over the next decade. Quebec is without a doubt the best place in North America to use Bus. With this technology, Nova Bus is helping Quebec to progress towards achieving its objectives in the fight against climate change.

Launched in 2004, Vamoose is a privately owned intercity bus line, located in New York City.

Tickets start at just $20, providing daily transportation between New York and suburban cities in the Washington, D.C metro area. A safe and secure bus service.Vamoose bus company started a new luxury service called "Gold Bus" in 2010, targeting business travelers who would pay for exclusive premium services. The fare for the premium service starts at $50.Vamoose provides all the necessary luxuries like bathrooms, wi-fi, wide leather seats, more legroom, fewer passengers per bus and friendly drivers.

To get free trips on a Vamoose bus, customers who enroll in the loyalty program can accumulate points by purchasing tickets and after reaching a threshold, redeem the points for a free ticket.

New Greyhound fleet in service for bus routes in America

In 2007, Scottish transport group FirstGroup acquired Greyhound. Almost immediately after, they introduced "New Greyhound", remodeling many terminals, expanding the fleet with new buses and refurbishing old buses. They also started a new advertising campaign with Butler, Shine, Stern & Partners aimed at attracting 18- to 24-year-olds and other demographics to "The New Greyhound".

It is part of Stagecoach Group, the international transport group, which offers greener smarter travel at great prices. On April 10, 2006, megabus.com, introduced its intercity bus service, provided by USA/Coach Canada and DATTCO (a non Stagecoach company, under contract). megabus has been providing discount travel services since 2006, operating throughout the eastern, southern, midwestern, and western United States and in the Canadian provinces of Ontario and Quebec.

Founded in 2003, the Lux Bus offers coach travel to Vegas for about $50.Lux Bus America offers tour and transportation services between Las Vegas and Anaheim. In addition to tours, they provide a wide range of other private bus services.Lux Bus offers; exclusivity by providing a spacious bus for those who want to enjoy drinks, snacks, and more. before arriving in Las Vegas. They furnish comfortable leather seats which give you the feel of class and exclusivity during your travel from Los Angeles to the famous city. Lux Bus America also offers door-to-door service to hotels which is a plus for many people who use their services.

COVID-19 impact on "United States Bus Market"

The report analyses and includes complete detailed chapter of 50-70 pages about the short term & long terms impact of COVID-19 outbreak on each segment of "United States Bus Market" along with government measures to support the sector. It also showcases the current market landscape during COVID, impact of the virus on leading companies, expected demand schedule and supply chain in the industry and other various major factors. This will help you identify those companies that may benefit from this pandemic as well as those that will lose out.

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Key questions answered in this research report

  • What is the total market size by 2035 and what would be the expected growth rate of sales?
  • What are the total sales in 2018-19 and what would be the expected demand over the forecast period?
  • What are the recent developments and business strategy of companies?
  • What are the market opportunities for the existing and entry level players?
  • What are the key market trends?
  • What are the factors which are driving this market?
  • What are the major barriers to market growth?
  • Who are the key vendors in this market space?

Reasons to buy this market study

  • United States Bus Market Facilitate decision-making based on strong historic and forecast data for
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  • United States Bus Market Facilitate decision-making based on strong historic and forecast data for
  • Develop strategies based on the latest regulatory framework
  • Position yourself to gain the maximum advantage of the United States Bus Market’s growth potential
  • Identify key partners and business development avenues across the globe
  • Respond to your competitor’s business structure, strategy and prospects’s growth potential

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United States (U.S) Bus Market Outlook 2019-2035 : Market Size, Trends, Growth, Opportunities | COVID-19 Impact Analysis

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