School Bus Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Report Covers School Bus Market Share and is Segmented by Power-Train Type (IC Engine, Electric, and Hybrid), Capacity Design (Type A, Type B, Type C, and Type D), and Geography (North America, Europe, Asia-Pacific, and Rest of the World). The Report Offers the Market Size and Forecasts in Terms of Value in USD Billions and Volume in Units for all the Above-Mentioned Segments.

School Bus Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

School Bus Market Size

School Bus Market Summary
Study Period 2020 - 2030
Market Size (2025) USD 50.60 Billion
Market Size (2030) USD 66.73 Billion
CAGR (2025 - 2030) 5.69 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration Medium

Major Players

School Bus Market Major Players

*Disclaimer: Major Players sorted in no particular order

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School Bus Market Analysis

The School Bus Market size is estimated at USD 50.60 billion in 2025, and is expected to reach USD 66.73 billion by 2030, at a CAGR of 5.69% during the forecast period (2025-2030).

The increasing number of school enrollments with the rise in the demand for a large number of schools and adequate infrastructure in the education sector, which includes transportation and other amenities, creates a positive impact on the market.

The transition around electric school buses (ESBs) is growing across the globe as school districts are adapting to transition to this cleaner and healthier technology, which is also funded by the various governments as they are recognizing the benefits of electric vehicles (EVs) and are implementing various fiscal incentives to stimulate their adoption. For instance,

In January 2024, The United States announced nearly USD 1 billion to replace diesel-powered school buses with electric and lower-emitting vehicles.

Moreover, the adoption of fleet management solutions, encompassing real-time tracking, maintenance scheduling, and data analytics, is emerging as a key trend as it allows educational institutions to optimize operations, enhance safety, and reduce overall costs.

The companies operating in the market are focusing on the launch of new integrating various technologies to increase their consumer base. For instance,

In October 2023, GreenPowerMotor Company Inc. unveiled the Mega BEAST GreenPower’sall-electric all-electric Type D school bus which provides a range of up to 300 miles on a single charge via a 387 kWh battery pack.

In addition, with the launch of new models many schools across the globe are upgrading their school bus fleet to achieve net zero emission goals. For example, In May 2024, Zum, the school platform announced that Oakland Unified School District (OUSD) is the first major school district in the U.S. to transition to a 100% electrified school bus system with groundbreaking vehicle-to-grid technology.

Furthermore, North America is estimated to hold a prominent share in the school bus market with Asia Pacific and Europe s also expected to grow rapidly due to the growing demand for safe and secure transportation for school-going children and, rising disposable incomes of parents in markets like China and India.

Thus, the school bus market is expected to continue its growth trajectory in the coming years.

School Bus Industry Overview

The school bus market is consolidated and led by globally and regionally established players. The companies adopt strategies such as new product launches, collaborations, mergers to sustain its market positions. For instance

In July 2023, The Pontiac School District announced to put 40 new electric school buses on the road as part of a federal effort to reduce the number of diesel-powered buses transporting kids to and from school.

Some of the major players in the market include Thomas Built Buses, Yutong Bus Co., Tata Motors Ltd, Ashok Leyland Ltd, and IC Bus. 

School Bus Market Leaders

  1. Tata Motors Ltd.

  2. Yutong Bus Co. Ltd.

  3. Ashok Leyland Ltd.

  4. IC Bus (Navistar International Corporation)

  5. Thomas Built Buses Inc.

  6. *Disclaimer: Major Players sorted in no particular order
School Bus Market Concentration
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School Bus Market News

  • May 2024: The Salinas City Elementary School District (SCESD) added ten new electric school buses and ten new electric bus chargers to the District's school bus fleet.
  • December 2023: GreenPower Motor Company announced its first orders for the Type A all-electric, purpose-built, zero-emission Nano BEAST school bus for the New York market through its dealer Leonard Bus Sales.
  • October 2023: GreenPower, a West Virginia-based electric bus maker, unveiled the Mega BEAST, a ramped-up version of the BEAST (“Battery Electric Automotive School Transportation”), its Type D electric school bus that has a 140-mile range. The new model will be manufactured at GreenPower’s facilities in both California and South Charleston, West Virginia, beginning in 2024.

School Bus Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Drivers
    • 4.1.1 Government Initiatives Worldwide Supporting Education Infrastructure are Propelling Growth
  • 4.2 Market Restraints
    • 4.2.1 Stringent Regulatory Compliance Standards Related to Emissions and Safety Present Hurdles
  • 4.3 Industry Attractiveness - Porter's Five Forces Analysis
    • 4.3.1 Threat of New Entrants
    • 4.3.2 Bargaining Power of Buyers/Consumers
    • 4.3.3 Bargaining Power of Suppliers
    • 4.3.4 Threat of Substitute Products
    • 4.3.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION (VALUE IN USD

  • 5.1 By Propulsion Type
    • 5.1.1 Internal Combustion Engine (ICE)
    • 5.1.2 Compressed Natural Gas (CNG)/ Liquified Natural Gas (LNG)
    • 5.1.3 Electric and Hybrid
  • 5.2 By Capacity Design Type
    • 5.2.1 Type A
    • 5.2.2 Type B
    • 5.2.3 Type C
    • 5.2.4 Type D
  • 5.3 By Geography
    • 5.3.1 North America
    • 5.3.1.1 United States
    • 5.3.1.2 Canada
    • 5.3.1.3 Mexico
    • 5.3.1.4 Rest of North America
    • 5.3.2 Europe
    • 5.3.2.1 Germany
    • 5.3.2.2 United Kingdom
    • 5.3.2.3 France
    • 5.3.2.4 Russia
    • 5.3.2.5 Spain
    • 5.3.2.6 Rest of Europe
    • 5.3.3 Asia-Pacific
    • 5.3.3.1 China
    • 5.3.3.2 India
    • 5.3.3.3 Japan
    • 5.3.3.4 South Korea
    • 5.3.3.5 Rest of Asia-Pacific
    • 5.3.4 Rest of the World
    • 5.3.4.1 South America
    • 5.3.4.2 Middle-East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Vendor Market Share
  • 6.2 Company Profiles*
    • 6.2.1 Thomas Built Buses Inc.
    • 6.2.2 Collins Bus Corporation
    • 6.2.3 IC Bus (Navistar International Corporation)
    • 6.2.4 Blue Bird Corporation
    • 6.2.5 Lion Electric Company
    • 6.2.6 Yutong Buses Co. Ltd
    • 6.2.7 Anhui Ankai Automobile
    • 6.2.8 JCBL Limited
    • 6.2.9 Tata Motors

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  • 7.1 Integration of AI and IoT enabled Technologies in Buses Presents Growth Opportunities for Future

8. MARKET SIZE AND FORECAST IN VOLUME

9. REGULATORY STANDARDS FOR SAFETY OF SCHOOL BUSES BY GOVERNMENTS IN DIFFERENT REGIONS

**Subject to Availability
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School Bus Industry Segmentation

The school bus is a type of bus that is used to ferry children to and fro from school or activities related to school. School buses may be owned by the school or leased by bus providers. School buses are built with specific seating arrangements and luggage-carrying shelves that are designed for children.

The school bus market is segmented by propulsion type, capacity design, and geography. By propulsion type, the market is segmented as internal combustion engine (IC), Compressed natural gas (CNG)/liquified natural gas (LNG), and electric and hybrid. By capacity design, the market is segmented as Type A, Type B, Type C, and Type D. By geography, the market is segmented as North America, Europe, Asia-Pacific, and the Rest of the World. 

The report offers market size and forecasts for the school bus market in value (USD) and volume (units) for all the above segments.

By Propulsion Type Internal Combustion Engine (ICE)
Compressed Natural Gas (CNG)/ Liquified Natural Gas (LNG)
Electric and Hybrid
By Capacity Design Type Type A
Type B
Type C
Type D
By Geography North America United States
Canada
Mexico
Rest of North America
Europe Germany
United Kingdom
France
Russia
Spain
Rest of Europe
Asia-Pacific China
India
Japan
South Korea
Rest of Asia-Pacific
Rest of the World South America
Middle-East and Africa
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School Bus Market Research Faqs

How big is the School Bus Market?

The School Bus Market size is expected to reach USD 50.60 billion in 2025 and grow at a CAGR of 5.69% to reach USD 66.73 billion by 2030.

What is the current School Bus Market size?

In 2025, the School Bus Market size is expected to reach USD 50.60 billion.

Who are the key players in School Bus Market?

Tata Motors Ltd., Yutong Bus Co. Ltd., Ashok Leyland Ltd., IC Bus (Navistar International Corporation) and Thomas Built Buses Inc. are the major companies operating in the School Bus Market.

Which is the fastest growing region in School Bus Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in School Bus Market?

In 2025, the North America accounts for the largest market share in School Bus Market.

What years does this School Bus Market cover, and what was the market size in 2024?

In 2024, the School Bus Market size was estimated at USD 47.72 billion. The report covers the School Bus Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the School Bus Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

School Bus Industry Report

Statistics for the 2025 School Bus market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. School Bus analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.