North America Bus Market Size- By Type, By Fuel, By Seat Capacity, By Application - Regional Outlook, Competitive Strategies and Segment Forecast to 2034

North America Bus Market Introduction and Overview

According to SPER Market Research, the North America Bus Market is estimated to reach USD 21.66 billion by 2034 with a CAGR of 11.43%.

The report includes an in-depth analysis of the North America Bus Market, including market size and trends, product mix, Applications, and supplier analysis. The North America bus market was valued at approximately USD 7.34 billion in 2024 and is anticipated to experience a compound annual growth rate (CAGR) of 11.43% from 2025 to 2034. The growth of the market is being propelled by advancements in the public transportation sector, along with the expansion and modernization of road networks in both the United States and Canada. The anticipated rise in the utilization of electric buses for long-distance intercity travel and school commutes is expected to further stimulate the demand for buses across North America.

North America Bus Market

By Type Insights:

The single-deck bus segment held the largest market share in 2024, driven by substantial investments in improving the road transportation network in the U. S. and Canada. This development has made single-deck buses more accessible for interstate travel. Many cities are planning to convert their entire bus fleets to all-electric vehicles. The double-deck bus segment is expected to grow rapidly due to the rising demand for high-capacity public transportation in urban areas, where cities like New York, San Francisco, and Toronto are trying to maximize passenger capacity using space-efficient double-deck buses.

By Fuel Insights:

In 2024, the diesel segment also dominated the market because diesel is cheaper than other fuels, leading to lower operating costs. Diesel engines are known for their durability and safety, resulting in their use in 95% of school buses in North America. Although there is encouragement to switch to biodiesel and electric options, the high initial costs are keeping many local agencies reliant on diesel buses. The electric and hybrid segment is anticipated to grow the fastest, as public fleets are increasingly electrifying with support from incentives and subsidies.

By Seat Capacity Insights:

The 31-50 seats segment was the market leader in 2024. Buses in this capacity range are mainly used for scheduled travel, tourism, and student transport. Their utility in traffic congestion makes them a practical choice for public transport, with electrification becoming more common in this category. OEMs are focusing on enhancing low-emission technologies for these buses. The segment of buses with more than 50 seats is expected to grow significantly, driven by the increasing popularity of bus rapid transit systems, which combine speed and capacity for efficient commutes.

By Application Insights:

The school segment led the market in 2024, driven by the replacement of fossil fuel-powered buses with electric ones. Schools in states like Illinois, New York, Virginia, Florida, and California are focused on using more electric school buses. The transit segment is also expected to grow significantly, as more long-distance commuters are choosing transit buses for their travel needs. Overall, bus ridership is increasing in the U. S., especially in Washington DC and New York.

Regional Insights:

In 2024, the U.S. bus market maintained a leading position within the North America region. The increasing popularity of buses in the U.S. can be linked to the ongoing improvements in highway infrastructure nationwide, the electrification of public transit bus fleets by various state governments, heightened investments in bus charging infrastructure, the development of electric bus fleets by private transit service providers, and significant investments by both the school and federal governments aimed at electrifying the school bus fleet throughout the country.

Market Competitive Landscape:

Prominent companies within the North America bus industry include Blue Bird Corporation, NFI Group, Daimler AG, Navistar Inc., AB Volvo, among others. These organizations are concentrating on expanding their customer base to secure a competitive advantage in the market. Consequently, key players are implementing various strategic initiatives, including mergers and acquisitions, as well as forming partnerships with other major firms. For example, leading manufacturers are broadening their product offerings by incorporating advanced electric and autonomous technologies to meet the rising demand for sustainable and efficient transportation solutions.

Recent Developments:

In January 2025, Solaris announced that it had secured its first contract for zero-emission buses in the United States, marking its entry into the North American market. The agreement includes the delivery of electric buses designed to meet U.S. standards and local operational requirements. Solaris aims to promote sustainable public transit solutions while adhering to stringent emissions regulations.

BLUE BIRD CORPORATION supplied twenty-three electric school buses to Carter County Schools (CCS) in Kentucky in January 2024. This development signifies a new chapter for the school district, transitioning from traditional diesel buses to zero-emission alternatives. These buses generate no tailpipe emissions, greatly enhancing air quality for students, communities, and the environment.

In June 2023, BAE Systems announced its commitment to supply zero-emission propulsion systems for the largest battery-electric bus order in North America to date. The contract encompasses hundreds of buses equipped with electric drive technology aimed at reducing urban emissions. BAE's systems are engineered to improve range, energy efficiency, and operational reliability.

Scope of the report:

Report Metric Details

Market size available for years 2021-2034

Base year considered 2024

Forecast period 2025-2034

Segments covered By Type, By Fuel, By Seat Capacity, By Application

Regions covered Canada, Mexico, United States

Companies Covered AB Volvo, Anhui Ankai Automobile Co., Ltd, Blue Bird Corporation, BYD Company Limited, Daimler AG (Mercedes-Benz Group AG), Iveco SpA, NAVISTAR (Traton Group), NFI Group, Proterra Inc.

Key Topics Covered in the Report:

North America Bus Market Size (FY 2021-FY 2034)

Overview of North America Bus Market

Segmentation of North America Bus Market By Type (Single Deck, Double Deck)

Segmentation of North America Bus Market By Fuel (Diesel, Electric and Hybrid)

Segmentation of North America Bus Market By Seat Capacity (15-30 Seats, 31-50 Seats, More Than 50 Seats)

Segmentation of North America Bus Market By Application (Transit, School, Coach, Others)

Statistical Snap of North America Bus Market

Expansion Analysis of North America Bus Market

Problems and Obstacles in North America Bus Market

Competitive Landscape in the North America Bus Market

Details on Current Investment in North America Bus Market

Competitive Analysis of North America Bus Market

Prominent Players in the North America Bus Market

SWOT Analysis of North America Bus Market

North America Bus Market Future Outlook and Projections (FY 2025-FY 2034)

Recommendations from Analyst