School Bus Market Opportunities Keep the Bullish Growth Alive

 

Global School Bus Market, School Bus Market Demand, School Bus Market Trends, School Bus Market Analysis, School Bus Market Growth, School Bus Market Share, School Bus Market Forecast, School Bus Market Challenges

Latest added School Bus Market research study by AMA Research offers detailed outlook and elaborates market review till 2032. The market Study is segmented by key regions that are accelerating the marketization. At present, the market players are strategizing and overcoming challenges of current scenario; some of the key players in the study are Collins Industries (United States), Starcraft Bus (United States), Trans Tech (United States), IC Bus (United States), Thomas Built Buses (United States), Blue Bird Corporation (United States), Girardin Minibus (Canada), Lion Electric Company (Canada), Mercedes-Benz (Germany), Volvo (Sweden), Alexander Dennis (United Kingdom), Scania (Sweden), Iveco (Italy) etc. 

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School buses are the mode of mass transit used for transporting students from one place to the others. These buses are either owned or rented by school authorities. The design for school buses differ from buses used in public transportation as enhanced safety is the key consideration taken into account while manufacturing school buses. Of late, manufacturers are emphasizing on introducing electric powered school buses to curb the emission which in turn is expected to provide lucrative opportunity for various stakeholders involved. In this regard, recently in July 2019, California Energy Commission was awarded approximately USD 70 million to replace over 200 diesel school buses with electric buses. Other regions across the globe are expected to follow the similar suit as vehicle emission norms tightened.

Influencing Trend: Increasing Adoption of Electric School Buses

Increasing Trends of Mass Transit to Save Fuel and Reduce Emission

Challenges: Complexity and High Cost Associated in Maintenance of School Buses

Opportunities: Introduction of Alternative Fuel Powered School Bus Amid Growing Need to Curb Emission

Growing Focus on Modernizing School Transportation

Market Growth Drivers: Rise in Number of School Buses Owing to Growing Expenditure by Government to Promote Education

Focus on Retrofitting of Existing School Buses

The Global School Bus segments and Market Data Break Down by Type (AC, Non-AC), Power Train (Diesel Fuel, Gasoline, Hybrid-electric, Battery-powered), Seating Capacity (< 10, 10-50, < 50), Sales Channel (OEM, Aftermarket)

Know your current market situation! Not just new products but ongoing products are also essential to analyze due to ever-changing market dynamics. The study allows marketers to understand School Bus Market consumer trends and segment analysis where they can face a rapid market share drop. Figure out who really the competition is in the marketplace, get to know market share analysis, market position, % Market Share, and segmented revenue.

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